Bloomberg Walmart Inc is selling most of Japanese retailer Seiyu to KKR & Co and Rakuten Inc in a deal that values the supermarket chain at 172.5 billion yen ($1.6 billion), as the US giant retreats from its two-decade attempt to crack Japan’s retail market. Under the agreement, private equity fund KKR will become the majority owner with a 65% …

Bloomberg American Airlines Group Inc said it’s reducing flights from major US airports to London next month due to low demand, damping hopes that the holiday season would facilitate a recovery in travel. The airline will stop London flights from New York, Chicago and Charlotte, North Carolina, in December. Passengers can travel to London via its partner British Airways from …

Bloomberg Online searches for flights from Hong Kong to Singapore surged 300% within three hours of the announcement an air travel bubble would open between the two financial hubs on November 22, according to Trip.com. Searches for Singapore to Hong Kong flights jumped 200%, and volume climbed for hotels in both cities as well, the online travel services provider said. …