US Business

Tesla’s chief executive faced another day of cross examination in a shareholder lawsuit after a heated first day during which he took aim at opposing counsel.

The founders of SAS Institute changed their minds about a sale, people familiar with the matter said. A deal would have valued the software company in the range of $15 billion to $20 billion.

The aircraft giant made its customers honor jetliner contracts, despite the pandemic. That allowed the European company to take the No. 1 position in its longtime rivalry with Boeing, which was hobbled by the grounding of the MAX, among other problems.

Pandemic layoffs pushed many employees in hospitality to find jobs in new growth areas. Better pay, perks and career prospects are keeping many of them from going back.

China’s top market watchdog approved Tencent’s plan to privatize search-engine affiliate Sogou in a deal that comes as the country’s technology giants face heightened antitrust scrutiny.

A new production problem has surfaced with Boeing’s 787 Dreamliner, likely further delaying deliveries of the popular wide-body jets, people familiar with the matter said.

Plaintiffs have alleged that the billionaire entrepreneur led Tesla to overpay for the home-solar company in 2016.

After Sunday’s successful launch, Virgin Galactic’s bet on space tourism is moving from prototype development to building a sustainable business.

ByteDance put on hold indefinitely its intentions to list offshore earlier this year after Chinese officials told the company to focus on addressing data-security risks, people familiar with the matter said.

The billionaire entrepreneur’s hourlong trip was aimed at highlighting the safety and potential of sending paying passengers to the edge of space.