Bloomberg A federal regulator slammed the Port Authority of New York and New Jersey, saying it doesn’t have a reasonable or transparent method for justifying the fees it charges airlines to use Newark Liberty International Airport, one of three major airports serving the New York metropolitan area. The Federal Aviation Administration said that the Port Authority has routinely diverted airport …

Bloomberg Lowe’s Cos. said it will exit its Mexico retail operations after the home-improvement chain reported sluggish same-store sales in the third quarter and cut its fiscal-year guidance again. Same-store sales rose 1.5 percent overall and 2 percent in the US, trailing analysts’ estimates. The company also said it will also divest Alacrity Renovation Services and Iris Smart Home. This …

Bloomberg When it comes to US banks’ lending risk, it doesn’t get much bigger than General Electric Co. The five biggest Wall Street firms have committed to lending at least $3.5 billion each to the industrial giant facing concerns about the sustainability of its debt. GE has almost $41 billion in credit lines it can draw from, according to its …