US Business

The move comes after a Mexican retailer took a 9.9% stake in the U.S. chain.

Gap is eliminating about 5% of headquarters staff as it moves to reduce expenses amid declining sales and profits.

The federal antitrust agency sought records about the deal from Amazon and iRobot this week.

Over the past year, some of the world’s biggest technology companies have been bested by an international group of hackers—some of them teenagers—whose motivations seem at times unusual, said security experts.

The ruling deals a blow to Biden administration antitrust enforcement, and it clears the health giant to buy health-technology firm Change Healthcare.

Some people who bought Apple’s new iPhone 14 Pro are experiencing strange camera behavior when filming with social-media apps. Apple has plans to fix it and other bugs.

The car maker predicts it would have about 40,000 to 45,000 unfinished vehicles in inventory at the end of the quarter, a number that is higher than expected.

Australian iron-ore producer says clean-energy spending will lower long-term costs and push the industry toward making green steel for car makers and other customers.

Mark Russell, testifying in securities-fraud case, said he believed company was better off with him making public statements.

More buyers are lining up for EVs, catching car companies flat-footed and triggering a race for more batteries, factories and materials. “Can I afford to keep waiting for this?”