US Business

Saks is an unusual example of a large retailer that has been withholding funds from some luxury brands for months.

Recruit Holdings reported a rise in first-quarter net profit, thanks to stronger earnings from its human-resources technology business and other key segments.

Sales of electric vehicles and hybrids in China surpassed that of internal-combustion-engine cars for the first time ever in July, despite weak overall demand.

Allianz increased its planned share buyback for 2024 and maintained its outlook after it reported better-than-expected results for the second quarter.

PLBY Group said that it’s relaunching Playboy Magazine with an annual edition that will be released in February 2025, a decision that comes about four years after announcing it would be shut down as a result of the Covid-19 pandemic.

The airline says the cybersecurity company is shirking blame for the July outage, which led he carrier to cancel about 7,000 flights.

U.K. antitrust officials are probing whether Amazon’s multibillion-dollar investment in artificial-intelligence company Anthropic poses a threat to competition.

Paramount Global, home of Comedy Central, MTV and Nickelodeon, wrote down the value of its cable-TV networks by nearly $6 billion and cut 15% of its workforce, a day after rival Warner Bros. Discovery reported an even larger write-down.

Robert “Kelly” Ortberg will need both strategic vision and an eye for detail as he tries to revamp a manufacturing giant that has been hobbled by production delays, factory flubs and quality lapses.

Hargreaves Lansdown has agreed to a takeover offer from a CVC-backed private-equity consortium that values the U.K. retail-investment platform at $6.9 billion.