US Business

ViacomCBS is close to a deal to sell book publisher Simon & Schuster to German media giant Bertelsmann for more than $2 billion, according to people familiar with the matter.

Gap’s quarterly sales rebounded from spring shutdowns but increased marketing weighed on profits. Executives cautioned that rising Covid-19 infections could slow visits to stores during the holiday season.

Remote working fueled strong demand for Dell and HP personal computers in the latest quarter, cushioning the impact from lower office-equipment spending.

The guilty plea follows the approval last week by a U.S. bankruptcy court judge of an $8.34 billion settlement between Purdue Pharma and the Justice Department.

General Electric warned employees that more job cuts are coming to the conglomerate’s jet-engine business because of the pandemic’s impact on commercial air travel even with the promise of a vaccine on the horizon.

The seasonings company is in talks with L Catterton, the private-equity firm that owns Cholula, for a deal that would value the hot-sauce brand at $800 million.

Apple’s head of security has been indicted on bribery charges for a scheme in which prosecutors allege he offered iPads to secure gun permits for his company’s employees.

General Motors will no longer back the administration in its legal battle to strip California’s authority to set its own fuel-efficiency regulations, saying GM’s goals for green cars are aligned with the state and the new Biden administration.

General Motors has agreed to replace potentially faulty Takata air-bag inflaters in millions of its pickups and SUVs, a fix ordered by federal safety regulators that could cost the auto maker more than $1 billion.

“Uncle Dupie” was a leading employer and philanthropist in Delaware, but declining profits and global competition put it in the crosshairs of shareholder activist Nelson Peltz.