US Business

The biggest wholesale mortgage originator in the U.S. is merging with a special-purpose acquisition company in a deal that will take the lender public at a valuation north of $16 billion.

Nike’s sales rebounded in the summer quarter after slumping earlier during the coronavirus pandemic, as rising digital sales offset declining revenue at traditional stores.

France’s foreign minister said he was responding to a query from LVMH when he wrote a letter to the luxury conglomerate asking it to delay its acquisition of Tiffany.

Some makers of smart speakers, video doorbells and other hardware have hit roadblocks buying key ads in search results. Gadgets made by e-commerce giant get the edge.

Trian Fund Management has taken a stake in Comcast in a bet that the cable giant’s shares are undervalued. Comcast is one of the biggest companies ever targeted by an activist.

After months of maneuvering over the future of TikTok, it took last-minute phone calls to persuade President Trump to sign off in principle on the outlines of an agreement to keep the app operating in the U.S. Even that outcome—an M&A deal like no other—remains uncertain.

Beijing has sped up development of a list that could be used to punish American technology firms, but some Chinese officials are mindful of moving too aggressively and say a decision should wait until after the U.S. election.

Microsoft said it would buy the parent company of videogame publisher Bethesda Softworks for $7.5 billion in cash.

The streaming-video service, founded by Hollywood mogul Jeffrey Katzenberg, has struggled to sign up subscribers in a competitive online-video marketplace.

Executive Chairman Trevor Milton is stepping down from the electric-truck startup with immediate effect in the wake of allegations from a short seller that he and the company had made false statements to investors.