Bloomberg Retailers have a new tool to use in the scuffle between landlords and tenants: a court ruling that could help them withhold rent. Pier 1 Imports Inc is the latest retailer to seize on the precedent, asking a judge to let it skip rent payments amid the coronavirus outbreak that has shuttered stores across the US. The judge overseeing ...

Bloomberg American Airlines Group slashes daily flights from New York-area airports by 95%, joining United Airlines Holdings Inc in eliminating most operations in the nation’s largest city as the increase in Covid-19 cases guts travel demand. Daily departures from New York’s LaGuardia airport tumbled to eight from Tuesday through May 6, with a drop to three at John F Kennedy ...

DUBAI / WAM The National Central Cooling Company (Tabreed) acquired an 80 percent stake in Emaar Properties’ Downton Dubai district cooling business. The UAE-based district cooling developer announced the AED2.48 billion ($675 million) acquisition on Monday, noting that Emaar will retain a 20 percent stake as part of the long-term partnership. Downtown Dubai is Emaar’s flagship mega-development at the heart ...