Bloomberg Airlines worldwide are diverting flights away from southern Iran, lengthening travel times, after the Federal Aviation Administration (FAA) issued an edict barring American operators from the region amid escalating tensions with the Persian Gulf country. Deutsche Lufthansa AG, Dutch carrier KLM and Qantas Airways Ltd of Australia are among carriers re-routing long-haul services to avoid the Strait of Hormuz, ...

Bloomberg A closely watched researcher has cut its estimate of Amazon.com Inc’s share of the US e-commerce market after incorporating new figures from the company. EMarketer Inc, among the most widely cited sources for estimates of US online retail sales, says it now expects Amazon to account for 37.7 percent of online commerce this year, down from a prior estimate ...

Bloomberg Shake Shack is staying away from vegan burgers, at least for now. The fast-food chain, known for its Pat LaFrieda beef and fries, is watching the vegan-burger trend that’s been turbocharged by Beyond Meat Inc’s massive post-IPO stock rally. But Shake Shack isn’t ready to get on board, according to CEO Randy Garutti. First, the chain, which made its name ...