Bloomberg FedEx Corp. expects growing cross-border online transactions to be a driving force for its business in China as the company prepares to open one of its largest facilities in Shanghai. “Absolutely that’s an important part of it,” David Cunningham Jr., chief executive officer of FedEx Express, the world’s largest cargo airline, said in an interview in Shanghai. Cunningham said …

Bloomberg Wm Morrison Supermarkets Plc enjoyed a bumper Christmas season as UK consumers squeezed by inflation cut back on department-store spending to dress their Christmas tables in style. The Bradford, England-based grocer’s sales during the holidays beat analyst estimates as consumers splashed out on items from its premium range, including French yule logs. The shares rose as much as 4.7 …

Bloomberg A Christmastime dropoff at the resort city of Acapulco led Mexican airport operator Grupo Aeroportuario del Centro Norte SAB to its first decline in passenger traffic for the month of December since 2009. OMA, as the company is known for short, reported a 0.2 percent decrease in total passenger traffic for December, including a 9.8 percent slump in Acapulco …