US Business

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.

The proxy fight comes as the activist investor pushes the fast-food chain to require its suppliers to change their treatment of pigs.

The Felicity Ace merchant ship was carrying around 4,000 cars from Germany to the U.S., including Porsche sports cars and super-luxury Bentleys, when it caught fire in the Atlantic Ocean.

The government paid billions of dollars for the pills but left the details of how much pharmacists should be paid for filling prescriptions to health insurers and pharmacy-benefit managers.

CEO Tim Cook has called senators in a vain effort to derail a bill targeting the company’s profitable App Store.

Many younger people say they always want to work remotely. But researchers say their personal and professional lives may suffer.

Home sales jumped at the start of the year as buyers rushed to purchase properties in the face of record-low inventory and climbing mortgage rates.