Bloomberg London’s Heathrow airport is putting the champagne on ice in anticipation of final approval for the new runway it’s been seeking for decades after a poll showed the plan has the overwhelming backing of lawmakers. The company survey suggests the 16 billion-pound ($22 billion) project is supported by 75 percent of parliamentarians, Chief Executive Officer John Holland-Kaye said on ...

Bloomberg For Prologis Inc., the world’s largest warehouse owner, the biggest challenge to growth has been acquiring land in the markets most important to its e-commerce tenants. The solution: buy a rival. The real estate investment trust agreed to acquire DCT Industrial Trust Inc. for $8.4 billion in stock and assumed debt. REITs that lease out space at warehouses and ...

Bloomberg Reed Krakoff, the designer who catapulted Coach to fashion prominence, and made it a $5 billion handbag Goliath, has officially traded in his leather for diamonds. Hired by Tiffany & Co. last year as chief artistic director, he was brought in to overhaul the iconic jewelry brand’s design, attract younger shoppers and reverse an extended sales slump. On Tuesday, ...