US Business

The deal comes days after Hertz, which has emerged from pandemic-induced bankruptcy, said it was making a significant investment in an electric-vehicle rental fleet.

Executives from the Detroit auto makers said supply-chain disruptions should slowly improve in the fourth quarter and throughout next year.

The activist hedge fund, with a stake worth well over $500 million, is pushing the oil giant to separate into two companies to attract investors as many flee stocks seen as environmentally unfriendly.

Federal Trade Commission staffers have begun looking into disclosures that Facebook’s internal company research had identified ill effects from its products, according to people familiar with the matter.

The FCC’s decision to revoke China Telecom’s license to do business in the U.S. is the latest in a series of blows against major Chinese businesses in the country.

The defense for former Nissan executive Greg Kelly made its final argument for their client’s innocence, arguing that prosecutors failed to prove key parts of the case involving former chief Carlos Ghosn’s compensation.

Democratic senators unveiled a plan for a 15% minimum tax on profitable corporations as they try to lock in details to finance President Biden’s agenda.

The company’s Azure cloud-computing business has thrived on the turn to remote work during the pandemic.

The search giant posted its highest quarterly revenue increase in 14 years, as smaller businesses pour money into digital ads.

A report commissioned by the government in Australia’s Victoria state stopped short of recommending that Crown be immediately stripped of its casino license, but said a special manager should be appointed to oversee operations.