Sydney / AFP Shopping centre giant Westfield on Wednesday recorded a US$2.3 billion net profit supported by healthy income growth for its US and British assets, as it flagged an August opening for its fully leased World Trade Center development. The Australian-listed company is reporting its first full-year result for the 12 months to December 31, 2015 since spinning off ...

Chicago / Bloomberg Boeing Co. expects China’s domestic freight market to surge in the next two decades and said it will offer conversions for its bestselling 737 passenger jets into cargo planes. The Chicago-based planemaker won 30 confirmed orders and 25 commitments from seven customers for the converted 737, Boeing said in a statement on Wednesday. The aircraft will be ...

NEW YORK / AP Macy’s wrapped up a weak fiscal year on an encouraging note, but the nation’s largest department store retailer still sees challenges ahead. Macy’s, which also operates Bloomingdale’s stores, reported a 31 percent decline in fourth-quarter profits, dragged down by store closings and other costs. But the adjusted results beat Wall Street estimates and sales picked up ...