US Business

A deal for the airfreight company could come soon assuming talks don’t fall apart, people familiar with the matter said.

Estée Lauder is in talks to buy luxury fashion brand Tom Ford, according to people familiar with the matter, in what could be a deal worth $3 billion or more.

The maker of doors and windows is spending $30 million hoping to get people to move to its headquarters; ‘We just didn’t have the amenities’

Amgen is fighting a $10.7 billion tax bill from the IRS, which says the biotech improperly shifted nearly $24 billion in profits to a Puerto Rico subsidiary to reduce its tax burden.

U.S. households’ spending rose 1.1% last month, the Commerce Department said, as annual inflation hit a new four-decade high, outpacing income growth.

Data for the two key sectors was negative in July. The pressure isn’t expected to ease.

A new comprehensive survey by McKinsey suggests that companies’ diversity efforts have largely missed the employees who stand to gain the most from them.

The U.S. believes a global network of companies has been helping Iran evade sanctions and export oil by blending it with Iraqi oil in ship-to-ship transfers at sea to hide its origins.

Recent government data show that household spending is increasingly strained and some companies are bracing for an economic downturn.

Workers at three Boeing defense manufacturing plants will vote Wednesday on a modified labor contract proposal.