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US mall owners to reclaim retail wasteland with public money

Bloomberg At the Brookfield Square mall in Wisconsin, the landlord, CBL & Associates Properties Inc., needed a new occupant for a fading Sears. CBL had been tinkering with the mix for the past few years. Earlier, in 2008, it completed a 20,000-square-foot expansion, adding grocery stores and restaurants and renovating the interior. In the end, it found its tenant: the ...

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New rail link corridor for Asia, Europe opens

Bloomberg Azerbaijan is opening a long-delayed railway intended to cut transport times for goods between Asia and Europe. President Ilham Aliyev is due to host Turkish counterpart Recep Tayyip Erdogan and Georgian leader Giorgi Margvelashvili at a ceremony on Monday for the departure of the first train from the Caspian Sea port of Alat, south of the Azeri capital, Baku. ...

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Suppliers rally on strong iPhone X demand

Bloomberg Apple Inc.’s biggest suppliers from Taiwan Semiconductor Manufacturing Co. to Hon Hai Precision Industry Co. climbed on Monday after delivery times for the iPhone X stretched to as much as six weeks in the US, underscoring demand for the marquee smartphone. Shares in Hon Hai, the main assembler of Apple devices, climbed as much as 3.6 percent in Taipei. ...

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