Month: August 2020

Facebook’s Instagram has launched a short-video feature in the U.S., challenging the empire that Chinese social-media upstart TikTok has built on user-generated dance videos, comedy skits and viral challenges.

The Justice Department is seeking as much as $18.1 billion from bankrupt opioid maker Purdue Pharma, new filings show, a demand that could disrupt the company’s monthslong effort to reach a settlement with states and local communities that accuse it of helping fuel the opioid crisis.

The entertainment company’s revenue fell 42% in the latest quarter as the pandemic wreaked havoc on its theme parks and other businesses, resulting in a $4.72 billion loss.

The Securities and Exchange Commission is investigating the circumstances around Eastman Kodak’s announcement of a $765 million government loan to make drugs at its U.S. factories, according to people familiar with the matter.

Merger deals are rarely simple. But Satya Nadella now is attempting to ink a takeover agreement that satisfies not only both the companies and their shareholders, but two governments in bitter competition for technological clout.

Department stores were once on the leading edge of retailing—big, exciting places to shop, where consumers could find everything from the latest toaster to an evening dress and matching shoes.

U.S. air-safety regulators for the first time publicly spelled out the full range of hardware, software, crew training and maintenance changes they are proposing before Boeing’s 737 MAX jets will be allowed to resume flying passengers

If there is one trait that would link a TikTok acquisition with the other big deals Microsoft Chief Executive Satya Nadella has done, it is his willingness to pay big bucks to expand the software giant’s universe of users.