US Business

Refineries, petrochemical facilities and ports along the Gulf Coast were closing as the hurricane strengthened to a Category 4 storm with 140-mile-an-hour winds barreling toward the Texas-Louisiana border.

McDonald’s said its investigation into former CEO Steve Easterbrook’s conduct is examining whether he covered up improprieties by other employees alongside allegations of potential misconduct within the human-resources department.

The U.S. business of Teva Pharmaceutical Industries has been indicted on charges the drugmaker fixed prices on generic drugs.

The carrier is preparing to downsize to cope with the coronavirus pandemic’s blow to travel demand, which isn’t expected to rebound for years.

The blue-chip index will include only one energy stock, Chevron, which will represent just 2.1% of the price-weighted index.

Thousands of restaurants and hotels along U.S. interstate highways closed during the pandemic, but most truck stops remained open to fuel the 18-wheelers that keep supply lines moving.

General Atlantic and Sequoia Capital, two top investors in TikTok’s Chinese parent company, are vying to be part of a deal for the U.S. operations of the video-sharing app as it seeks to avoid a ban by the Trump administration, according to people familiar with the talks.

Mobile phone chip designer Arm Ltd. has called off a planned spinoff of two businesses to parent company SoftBank Group as the Japanese investment firm evaluates options for the semiconductor company it bought four years ago for $32 billion.

Users of video-conferencing app Zoom reported problems with the service Monday morning. The company said on its website that it identified and resolved an issue that prevented users from starting and joining meetings.

Blanket business shutdowns—which the U.S. never tried before this pandemic—led to a deep recession. Economists and health experts say there may be a better way.