Retail

  Bloomberg Billionaire Carlos Slim led a consortium that won one of the runway contracts for Mexico City’s new airport, as the government handed out the first big awards for the $13 billion construction project. A unit of Slim’s Grupo Carso SAB — along with partners GIA+A, Promotora y Desarrolladora Mexicana and La Peninsular Cia. Constructora — submitted a bid …

  Blomberg Aeropostale Inc., the bankrupt teen clothing chain, says a group including mall operators General Growth Properties Inc. and Simon Property Group Inc. has bid for “substantially all” its assets with an eye toward keeping at least 229 stores open. The so-called going concern bid would also cover expenses including Aeropostale’s bankruptcy financing, the company said in a filing …

  Brussels / AFP Silicon Valley tech titan Apple will fight an EU demand for a record 13 billion euros in back taxes in Ireland, a move Washington warned could damage transatlantic economic ties. Brussels said Apple, the world’s most valuable company, avoided virtually all tax on its business in the bloc by illegal arrangements with Dublin which gave the …

  Bloomberg Prada SpA shares rose as much as 15 percent after Chairman Carlo Mazzi forecast that the Italian luxury-goods maker will return to growth in sales and earnings next year, helped by cost-cutting and online expansion in Asia. This year “is a turning point and we are now firmly on the path to sustainable growth in revenues and earnings …

  Bloomberg Apple Inc. was ordered to repay a record 13 billion euros ($14.5 billion) plus interest after the European Commission said Ireland illegally slashed the iPhone maker’s tax bill. The world’s richest company benefited from a “selective tax treatment” in Ireland that gave it a “significant advantage over other businesses,” the European Union regulator said on Tuesday in its …

  Dubai / Emirates Business JetSmarter, the world’s leading private jet company announces the launch of new and exciting promotion during the month of September for non-members exclusively in Kuwait. The leading private jet company is offering complimentary* seats on one-way private-jet flights from Kuwait to Dubai that are scheduled to fly on September 1, September 15 and September 29. …

  AFP US online retail titan Amazon, which has been accused of fostering a cutthroat workplace atmosphere, will try out teams that log 30-hour work weeks, the Washington Post reported. The employees will receive the same benefits as those putting in 40-hour weeks, but get three-quarters of the pay, according to the Post, which is owned by Amazon chief executive …

  Bloomberg Shares of Dollar General Corp. and Dollar Tree Inc. tumbled after the discount retailers posted disappointing sales, a sign that cuts in food-stamp programs are taking a toll. Dollar General’s second-quarter revenue and profit both missed analysts’ estimates. Its same-store sales — a closely watched measure — grew just 0.7 percent in the period, compared with the 2.6 …

  Bloomberg Prada SpA reported the first decline in opening-half sales since its 2011 listing as weak demand in China and terrorist attacks in Europe continued to weigh on the Italian luxury-goods maker. Revenue fell 15 percent to 1.55 billion euros ($1.8 billion), the Hong Kong-listed company said in a statement, missing the 1.65 billion-euro average analyst estimate compiled by …

  Bloomberg Target Corp. is considering shifting some orders to Trident Ltd. after it terminated $90 million of business with rival supplier Welspun India Ltd. for labeling cheaper bedsheets as premium Egyptian cotton, according to people familiar with the discussions. The US retail giant has begun sampling sheets manufactured by Trident, according to the people, who asked not to be …