US Business

The $305 million offer from Sparc, the apparel venture backed by Authentic Brands and Simon Property Group, kicks off the contest to buy the iconic American retailer out of bankruptcy.

Intel reported stronger second-quarter earnings, buttressed by a work-from-home economy that has spurred demand for computing power, but it signaled a delay in its development of superfast chips.

The entertainment giant is making more changes to its movie-release schedule, including canceling the planned August release of “Mulan,” as the coronavirus pandemic continues to roil Hollywood.

Elon Musk’s plan to build Tesla’s fourth vehicle assembly factory represents the next phase in his effort to reshape the auto maker.

Some companies regret sharing information with the tech giant and its Alexa Fund. “We may have been naive in believing they weren’t competitive with us,” said one executive.

Walmart is selling its Indian stores to Flipkart, the e-commerce startup it controls, consolidating its operations in the world’s second-most-populous country as it works to fend off Amazon.com.

The milestone makes the electric auto maker eligible for inclusion in the S&P 500. The auto maker said it has chosen a location near Austin, Texas, for its second U.S. assembly plant.

OxyContin maker Purdue Pharma has racked up $277 million in professional fees in the first nine months of its bankruptcy—four times as much as it spent on research and development, court records show.

Its quarterly sales rose 13% on sustained demand for its Azure cloud-computing service as customers shifted more work online during the coronavirus pandemic.

The U.S. has agreed to pay Pfizer and BioNTech nearly $2 billion to secure 100 million doses of their experimental coronavirus vaccine to provide to Americans free of charge.