Bloomberg Two of Europe’s biggest carriers, Air France-KLM Group and British Airways, said they’ll suspend services to Iran, citing the reduced commercial viability of the route in the wake of the latest US sanctions. Air France and Dutch sibling KLM will halt flights by the end of September due to “weak commercial results,” the group said. British Airways, IAG SA’s ...

Bloomberg Sears Holdings Corp. continues to clean house, announcing plans to shutter an additional 46 unprofitable stores in November. The struggling chain informed workers at the impacted stores this week, and liquidation sales will begin as early as August 30. The move is “part of our ongoing efforts to streamline Sears Holdings’ operations, strengthen our capital position and focus on ...

Bloomberg United Continental Holdings Inc. is seeing improved average airfares as US rivals offer fewer bargain-basement ticket prices. “It’s not really that fares have gone up much, it’s that the $25, $30 fares that were prevalent a year ago are much more narrow today,’’ United President Scott Kirby said. The improvement is helping United weather higher fuel costs, Kirby said. ...