US Business

In a letter, Engine Capital urged Kohl’s to run a sale process following Starboard Value’s bid, as activists remain unsatisfied with the pace of the the department-store chain’s turnaround.

Trian Fund Management has acquired a stake in Unilever, adding pressure to the packaged food and consumer goods giant after its failed bid to buy GlaxoSmithKline’s consumer health unit.

Weeks of workers calling in sick have added to continuing supply and transportation disruptions, making grocery store shelves harder to fill.

Flight bans, lengthy quarantine stays for arrivals and repeated school closures are chipping away at the city’s status as a top business hub.

New York, California and Florida are among the states planning big one-time investments in worker bonuses, tax rebates and paying down debt.

A bank review of António Horta-Osório’s travel found that Credit Suisse was paying for planes to return empty after dropping him off in London and Lisbon.

Carnival and Royal Caribbean are adjusting to destinations’ changing health protocols as the industry looks to recover from pandemic-related losses.

Investors will be looking for reassurance after the Nasdaq notched a 12% decline to start the year.

Regulators and researchers are on the lookout for signs the virus is morphing to evade the new drugs, while they also study combining antivirals to stay a step ahead.

The group offered $64 a share in cash and told the department-store chain that it has received assurances about financing. Kohl’s shares closed at $46.84 Friday.