US Business

The FTC alleges Scott Sheffield tried to coordinate on oil production and prices. The agency referred the case for a potential criminal probe.

An activist investor had called for McCarthy’s ouster and for the fitness-equipment maker to sell itself.

Antitrust enforcers are set to allege former Pioneer CEO Scott Sheffield discussed coordinating oil-production levels with other producers and OPEC.

Emergent BioSolutions is closing several manufacturing facilities and cutting hundreds of jobs as part of a restructuring as the company narrows its focus on products, including Narcan nasal spray.

The company’s Medicare business, hit by higher medical costs, pushed down CVS’s first-quarter earnings.

Restaurant chains outperforming their competitors seem to have one thing in common: keeping prices down.

As succession drama grips corners of the luxury world, Puig’s decision to ban its next generation from working there is getting a favorable view ahead of its initial public offering.

The company reported record first-quarter sales as the AI boom powered growth in its cloud-computing unit, helping Amazon continue to shake off last year’s postpandemic slump. 

Speeding up service and introducing new beverages are part of efforts to win back customers, executives say.

The California utility is seeking regulatory approval to sell KKR part of a new company that would house most of its power generation business.