US Business

Dealers have decided to part ways with Cadillac, rather than invest in costly upgrades required to sell electric cars, according to people familiar with the plans.

Ivan Glasenberg, the longtime chief executive of Glencore, is handing over the reins of the global mining and trading giant he built, saying he would retire in the first half of next year.

The largest U.S. beef processor last month sent home 202 Greeley, Colo., plant workers considered vulnerable to the coronavirus, allowing them to retain their full pay and benefits.

The Justice Department is discussing a deal that would allow Meng Wanzhou to return home to China from Canada, in exchange for admitting wrongdoing in a criminal case that has strained Beijing’s relations with the U.S.

Warner Bros. will release its 2021 slate of theatrical films in both theaters and on HBO Max, the most drastic step yet in eliminating the exclusivity theater chains have enjoyed.

A lawsuit accuses the social-media company of illegally reserving high-paying jobs for immigrant workers it was sponsoring for permanent residence and of failing to adequately search for U.S. hires.

Nearly four million Americans have stopped working or looking for jobs, a 2.2% contraction of the U.S. work force. A smaller labor market leaves fewer workers to build machines and clean tables, restraining the economy’s long-term prospects.

Here’s a look at the spending patterns emerging this shopping season—in a year when in-store purchases have fallen 16% at department stores and surged 212% online.

Democratic leaders signaled readiness to reduce their demands for the next round of coronavirus relief, fueling hopes that an agreement could be reached with Republicans by year’s end.

The delivery giant recently imposed volume restrictions on Gap, Nike and some other large retailers, as the pandemic-driven surge in online shopping puts pressure on its capacity.