US Business

The AT&T-owned company is seeking to reduce costs by as much as 20% as the pandemic drains income from movie tickets, cable subscriptions and TV ads, according to people familiar with the matter.

IBM plans to spin off a major part of its information-technology services operations, as the 109-year-old tech pioneer sharpens its focus on the faster-growing cloud-computing business and AI.

McDonald’s said its U.S. sales have bounced back from the initial shock of the pandemic, thanks to sped-up drive-throughs and a meal promotion with musician Travis Scott.

Samsung Electronics said it expects around 12.3 trillion won ($10.6 billion) in operating profits for the third quarter, rising on the same period a year earlier and driven by stronger smartphone and consumer electronics sales.

Six current and former chicken-industry executives face price-fixing charges, marking an expansion of the U.S. government’s antitrust prosecutions in the $65 billion poultry industry.

The social-media company takes its latest step to combat potential confusion and abuse related to the vote.

Airports and airlines are searching for ways to avoid long quarantines that turn travelers off. How well they work remains to be seen.

Some U.S. business groups are pushing back against a White House directive to limit racial-sensitivity training, which has caused confusion for some private businesses with federal contracts.

Microsoft and Wells Fargo were contacted last week by the U.S. Labor Department questioning their plans to hire more Black employees as they seek to diversify their management ranks.

The biggest U.S. technology companies have leveraged their dominance to stifle competition and innovation, Democrats said in a report following a 16-month inquiry and called on Congress to take antitrust action.