Bloomberg Reeling from a shaky holiday season and slowing mall traffic, US retailers are facing increasing pressure to close stores as more of their business migrates to the internet. More than 10 percent of US retail space, or nearly 1 billion square feet, may need to be closed, converted to other uses or renegotiated for lower rent in coming …

  Bloomberg Southwest Airlines Co. was eager to sign up as the ‘launch customer’ for Boeing Co.’s new 737 Max, soon to be the Greyhound of the skies as it replaces its older, less fuel-efficient cousins in fleets worldwide. But Southwest won’t be first to fly or even receive the new aircraft. That honour will go to a smaller low-cost …

  Bloomberg China’s central bank has ordered the nation’s lenders to strictly control new loans in the first quarter of the year, people familiar with the matter said, in another move to curb excess leverage in the financial system. The new guidance from the People’s Bank of China puts a particular emphasis on mortgage lending, the people said, as authorities …