Year: 2020

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.

United Airlines said it could be forced to shed almost half its U.S. workforce, telling 36,000 employees that they could be furloughed from Oct. 1 because of the pandemic-driven slump in passenger demand.

The app started allowing U.S. protest videos and pulled out of Hong Kong amid a new national-security law, while facing flak in Washington over its Chinese parent company. With a new American CEO, it is trying to find the right balance between control and free expression.

Brooks Brothers, which dressed the American business class in pinstripes for more than 200 years, survived two world wars and the shift to casual dressing. But it was no match for the coronavirus pandemic.

Allstate says the all-cash deal will help boost its business in the personal property-liability sector.

Advocates came out of a meeting with Facebook CEO Mark Zuckerberg saying they didn’t make progress on their demands over how the social-media giant polices the platform.

The cinema chain is nearing a restructuring deal that would help stave off a near-term bankruptcy filing while turning down a competing financing offer from senior lenders including Apollo.

The global auto market is splitting three ways, complicating efforts by the industry’s main players to recover from their deepest crisis in years.

The stand taken by several American tech giants against China’s national-security law in Hong Kong reveals concerns many foreign companies in the city are discussing internally but dare not discuss publicly.