US Business

Hertz Global won a bankruptcy judge’s approval to raise up to $1 billion in new equity from a counterintuitive stock rally, a move for a company eager to capitalize on market anomalies.

Starbucks said it would make T-shirts bearing the “Black Lives Matter” slogan available to employees, reversing an earlier directive not to display the slogan on their person at work.

State investigators are examining Amazon.com’s business practices as part of an inquiry into the tech giant, according to people familiar with the matter.

The state of California has said film and television production can resume Friday, roughly three months after being shut down because of the Covid-19 pandemic. But few are ready to shout “lights, camera, action” just yet.

As the coronavirus pandemic accelerated the shift to online shopping, customer-service operations at some big retailers are overwhelmed by shoppers frustrated by delayed shipments and sluggish refunds for returned goods.

Businesses ranging from tech titans Apple and Google to toy maker Hasbro announced new measures and big-dollar initiatives to promote racial justice, as company leaders race to show their commitment to change amid the national outcry stemming from George Floyd’s killing.

DoorDash Inc. is close to securing new funding that would value the largest U.S. meal-delivery company at more than $15 billion before the infusion, as a wave of deal making sweeps over the red-hot industry.

The EU plans to file formal antitrust charges against Amazon.com, according to people familiar with the matter, the latest step in a nearly two-year probe into the company’s alleged mistreatment of sellers that use its platform.

Former top Facebook Inc. deputy Chris Cox is returning to the social-media giant, just over a year after leaving amid disagreements with CEO Mark Zuckerberg over the company’s direction.

While some critics have focused on its propensity to divide, social media has united people world-wide this time in their anger over the killing of George Floyd. It is also influencing which actions people take, depending on what catches fire online.