US Business

Investors remain watchful of how corporate leaders are managing disruptions as the pandemic’s effects drag on.

The social-media service will retain the Facebook name even as the umbrella company readies billions of dollars in investments in its new mixed-reality platform.

Exor said it signed a memorandum of understanding to sell PartnerRe to Covéa Coopérations for $9 billion, generating a large cash gain that the Agnelli family holding company can direct toward new investments.

Barbara Kingsbury, who was diagnosed with cervical cancer two years ago, died in June, and her husband is still paying the bills. Newly public data reveal how some patients end up paying more at hospitals—and how little control consumers have over the amounts, even with insurance.

New iPhone privacy standards rocked digital advertising, raising some boats and lowering others.

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.