US Business

The oil giant said it would unload its 19.75% stake in Rosneft days after its CEO spoke to a top British official, a divestment that could result in a substantial loss.

The Russian invasion has shut down auto factories, hit supplies for the steel industry and severed transportation routes. Commodity prices are soaring, including for sunflower oil, natural gas and wheat. The two countries combined account for 80% of the world’s sunflower oil.

Retail giant focuses on adding new ways to offer shoppers home delivery and efficiently move online inventory, including testing autonomous vans and adding delivery hubs to 100 stores.

Alphabet adopted a new cash bonus plan that lets the company give employees bonuses of nearly any size and Amazon is doubling its cap on base pay as the lure of stock awards fade.

Delta canceled its code-sharing deal with the Russian flag carrier, Aeroflot, while London and Moscow have barred each other from their respective airspace.

Facebook, Apple, Google and other tech giants face rising pressure to respond to the conflict in Ukraine, which some analysts think could accelerate the fracturing of the internet into ‘the splinternet.’

Veteran showrunner Chris Licht will lead CNN, as Discovery looks to steady a network roiled by the departure of its long-serving president.

The U.S. is pinning its hopes in the race for energy supremacy in a low-carbon world on startups like Ion Storage Systems, which is aiming to build a better battery.

Russia’s invasion of Ukraine threatens to set back Europe’s economic recovery from the Covid-19 pandemic, as sanctions, tensions and energy prices weigh on businesses and households.

With vehicles in short supply, prices are skyrocketing. Last month, 82% of new-car buyers paid more than sticker price.