Bloomberg The search for Malaysia Airlines Flight 370 is in peril once again as new Prime Minister Mahathir Mohamad reins in government spending. After several extensions of what began as a three-month “no cure, no fee” contract signed by US exploration company Ocean Infinity in January, the government has given extra time until May 29 to wrap up the search ...

Bloomberg Target Corp.’s online sales push paid off in the first quarter even as profit missed forecasts, and the retailer said performance will improve further in the current period. Digital revenue rose 28 percent in the period ended on May 5, the company said. That contributed to a 3 percent lift in same-store sales, beating analysts’ average prediction, according to ...

Bloomberg Big Texas-based department-store chain seeks new leader: must be willing to tackle sluggish sales, failed fashion and $4 billion in long-term debt. JC Penney Co., once again, is searching for a new chief executive after Marvin Ellison was poached by home-improvement retailer Lowe’s Cos. on May 22, a surprise exit that sent JC Penney’s stock down to historic lows. ...