Bloomberg New Jersey Transit issued an urgent appeal for private industry to help transport millions of people annually to a newly opened mega-mall just west of Manhattan. “It can’t take 10 years,” Diane Gutierrez-Scaccetti, New Jersey’s transportation commissioner and NJ Transit board chairwoman, told a meeting of potential private partners in East Rutherford. “Frankly it can’t take five.” American Dream, …

Bloomberg The owner of Sears and Kmart is closing almost a third of its remaining stores just months after buying the struggling retailer out of bankruptcy. Transform Holdco LLC’s shutdown of 96 locations will leave just 182 outlets for the company, which was once America’s biggest department store chain. The merchant “has faced a difficult retail environment and other challenges” …

DUBAI / Emirates Business Emaar Properties recorded a revenue of AED17.644 billion and net profit of AED4.442 billion in the first nine months of 2019, led by resilient performance of the property, malls and hospitality business. Emaar recorded robust increase in net profit by 20 percent during the third quarter (July to September) of 2019 to AED1.331 billion ($362 million), …