e Bloomberg Amazon.com Inc. Chief Executive Officer Jeff Bezos said the e-commerce giant has exceeded 100 million paid Prime subscribers and will continue to invest to meet “ever-rising” customer expectations. Bezos noted the milestone in his annual shareholder letter. The letter is the founder’s opportunity to underline his long-term strategy for investors, seeking to bolster their confidence as he continues …

Bloomberg Macerich Co.’s chief executive officer and chairman, Arthur Coppola, will retire from the US mall owner at the end of the year, the company said. Coppola joined Macerich as a founding partner in 1976 and has led the company since 1993, according to a statement. Macerich has started looking for a replacement CEO and named Steven Hash, an independent …

Bloomberg UK retail sales plunged in March as snow and freezing temperatures kept consumers indoors and disrupted deliveries of stock. The data comes as a fresh blow to the British high street after a year of consumer pullback in the face of rising prices and sluggish wage growth. While pay and inflation data this week show tentative signs that the …

Bloomberg Honeywell International Inc.’s confidence in its aerospace business was bolstered by expanding sales of in-flight internet and cockpit controls that drove first-quarter earnings higher than analysts’ expected. The company raised its 2018 profit target. A drag on earnings as recently as last year, the aerospace business is taking off on higher demand for commercial aircraft parts and service, increased …

Bloomberg The global growth outlook faces rising threats from trade tensions and mounting debt despite a strengthening and “increasingly broad-based” expansion at the moment, according to a statement from world finance ministers and central bankers. “Risks are broadly balanced in the near term, but remain skewed to the downside beyond the next several quarters,” according to a communique by IMF’s …

Bloomberg President Donald Trump may have a problem with oil prices being “very high,” but a decline would be a mixed bag for the US economy, thanks to the boom in American energy production. When prices plunged starting in mid-2014 and stayed low for the next two years, US producers felt the pain, much more and longer than was expected. …

Bloomberg Petrobras has received three bids for a 2,800-mile (4,506 kilometer) natural gas pipeline system being sold as part of a wider push to raise cash through divestments, said people knowledgeable on the matter. Mubadala Development along with EIG Global Energy Partners are leading one group while Sydney-based Macquarie Group Ltd. leads another that submitted bids for Transportadora Associada de …

Bloomberg US energy regulators embarked upon a wide-ranging review of how interstate natural-gas pipelines are approved, amid concerns that current guidelines have become outdated following the shale boom. The Federal Energy Regulatory Commission will examine the use of eminent domain, how the need for a pipeline is assessed and the extent to which greenhouse gas emissions should be taken into …

Bloomberg Bird, a startup that deploys electric scooters with location trackers on city sidewalks and rents them through an app, trumpeted two weeks ago that it was bringing its service to San Francisco. The company, run by a former honcho at both Uber Technologies Inc. and Lyft Inc., said it was determined to make sure everything went smoothly with city …

Bloomberg Cisco Systems Inc., the biggest maker of the gear companies use to connect employees, said it’s expanding the use of artificial intelligence in its online collaboration and video-conference products to make meetings more useful and efficient. Menial tasks such as scheduling, taking notes and following up on requests will be taken care of by machines in the future, according …