US Business

German prosecutors are probing whether the electronic-payments giant used fictitious revenue to inflate its sales and fool investors. The company and its auditors say $2 billion that is missing probably never existed.

Safety fixes after the first Boeing 737 MAX crash became snarled in Federal Aviation Administration delays and repetitive analyses, wasting any chance U.S. regulators had to prevent the second fatal accident, according to an investigation by the Transportation Department’s internal watchdog.

McDonald’s is pausing the reopening of dine-in service in the U.S. as coronavirus cases continue to spread across states.

The company had been reopening locations but is now temporarily closing dozens of stores in Texas, California and other states.

Major auto makers reported sharp drops in second-quarter U.S. vehicle sales, as sweet discounts and financing deals weren’t enough to offset factory and dealership closures from the Covid-19 pandemic.

The upstart hasn’t yet developed an approved drug, its chief can be excoriating and until recently investors were disillusioned. A breakthrough coronavirus vaccine could come in trials starting this month.

As its peers write down U.S. shale assets by billions of dollars amid lower energy prices, Exxon Mobil stands increasingly alone in not adjusting the value of its holdings, and some accountants are questioning why.

Airbus said it would cut 15,000 jobs across its commercial aircraft division, the biggest restructuring in the planemaker’s history, citing what it expects to be the Covid-19 pandemic’s yearslong impact on the aviation sector.

Karen Parkin, the global head of human resources at Adidas, is retiring from the company following some employee complaints about the sportswear giant’s culture and lack of diversity.

Fewer young people are working than ever before, but those with jobs often have to choose between risking their financial and personal well-being.