US Business

Shares of Academy Sports & Outdoors fell in their market debut, even after the company lowered its price, highlighting the challenge the sporting-goods chain faces in winning over investors when much of the retail sector is ailing.

Walmart agreed to sell U.K. grocery-store chain Asda to a private investment group in a deal that values the company at $8.8 billion, as the world’s largest retailer reorganizes its international businesses in favor of bets on the growth of online services.

Some of the biggest raises in corporate America went to the executives in charge of U.S. shale companies, even as their shareholders lost billions of dollars.

A federal judge in San Francisco has partially blocked the Trump administration from enforcing its ban on foreign workers on H-1B and several other types of visa through the end of the year.

The company said the number of positive cases is below what it expected for its 1.3 million workers. Amazon has tested thousands of employees since March and said it would be conducting 50,000 tests a day by November.

Major oil companies signaled they remain under extreme financial pressure and oil prices slid Thursday as demand for fossil fuels rebounds slowly after being crushed by the coronavirus pandemic.

The U.S. auto industry’s recovery gathered momentum in the third quarter, with sales at auto makers rebounding from coronavirus-related lows and buyers returning to showrooms.

Across Iowa, the biggest hog-producing state, losses piled up for farmers and processors as the coronavirus reshaped the pork market. What initially looked like a prosperous year rapidly became the industry’s worst financial disaster ever, according to the National Pork Producers Council.

Gov. Gavin Newsom signed legislation that will require the boards of publicly traded companies based in the state to have at least one racially, ethnically or otherwise diverse director by 2021.

The airlines will go forward for now with a total of more than 32,000 job cuts after lawmakers were unable to agree on a broad coronavirus-relief package, the airlines told employees.