Month: July 2020

A battle is brewing for control of Brooks Brothers, with at least two apparel ventures looking to take over the bankrupt clothing retailer, according to people familiar with the matter.

The auto maker’s strong performance during the pandemic has sent its stock soaring, dealing a blow to investors betting against the Silicon Valley auto maker. And Tesla’s chief is having a blast rubbing their noses in it.

The aviation-industry crisis triggered by the coronavirus pandemic is exacerbating a yearslong move by airlines away from big jets.

The pandemic is speeding meatpackers’ shift from human meat cutters to automated ones, but machines can’t yet match people’s ability. While meat processing overall has grown safer in recent years, it remains one of the more hazardous jobs in the U.S. economy.

ByteDance is considering changing the corporate structure of its popular short-video app TikTok, as it comes under increasing scrutiny in its biggest markets over its Chinese ties.

The social-media company has a team working on a subscription service that could give it a new revenue source as it faces pressure to boost earnings.

The Justice Department is examining whether scandal-plagued German payment company Wirecard played a critical role in an alleged $100 million bank-fraud conspiracy connected to an online marijuana marketplace, according to people familiar with the investigation.