US Business

Latest quarter sustains pandemic-era gains from a flood of home-improvement activity.

The focus will shift from extinguishing the fires to determining the extent of the damage and whether electric vehicles on board caught fire and set the rest of the ship’s cargo ablaze.

The department-store chain posted quarterly gains and said it is entering 2022 a much stronger company than it was before the pandemic.

Meta launched its short-video product Reels for all global Facebook users and introduced many new features for advertisers.

Tegna owns 64 U.S. TV stations in 51 different markets as well as the True Crime, Twist and Quest networks.

The Beijing Games drew an average of 11.4 million prime-time viewers over the more than two-week run, the network said, a roughly 42% drop from the Pyeongchang Olympics that set a previous low in 2018.

The intensity of the fire has weakened, local authorities and the salvage company said, but the ship is still burning and is too hot to board.

Creditors of textile and fashion conglomerate Shandong Ruyi Technology Group said the Chinese company defaulted on a loan used to buy Lycra and they would seek to gain control of the stretchy-fabric maker.

Larger companies have used their heft to turn higher demand into increased earnings, but smaller firms are adding debt and burning cash.

Pay increases for people in business and professional sectors are starting to outpace gains for lower-wage workers.