Bloomberg Starbucks Corp. Chairman Howard Schultz sees a blessing in all the empty storefronts across the US. Facing a crush of vacancies—and the rise of e-commerce—retail landlords are beginning to cut rents, the executive said. That stands to benefit the world’s largest coffee chain, which has more than 14,000 US locations. “Over the last few weeks, I have been in ...

Bloomberg FedEx Corp. is maintaining discounts for members of the National Rifle Association, even as calls for a boycott mount on social media after a deadly school shooting in Florida. The courier said it “has never set or changed rates for any of our millions of customers around the world in response to their politics, beliefs or positions on issues.” ...

ABU DHABI / WAM Emirates Global Aluminium (EGA) on Tuesday reported net profit for 2017 of AED3.3 billion ($900 million), a 59 percent increase on 2016. EGA’s revenue increased to AED20.5 billion in 2017 compared to AED17.1 billion in 2016. Adjusted EBITDA stood at AED6.7 billion, an increase of 31 percent from AED5.1 billion in 2016. EGA’s adjusted EBITDA margin ...