US Business

Illumina said it wrapped up the $7.1 billion acquisition of life-sciences firm Grail, despite a legal battle with the Federal Trade Commission and antitrust concerns in Europe.

The cellphone carrier said the stolen data included first and last names, birth dates, Social Security numbers and driver’s license information from a subset of current and potential customers.

Sales rose by 68% to $6.51 billion in the period ended in July, while net profit nearly quadrupled, reaching $2.37 billion.

The Chinese tech company made the pledge as it reported slowing revenue growth in electronic games amid China’s intensifying scrutiny of the tech sector.

The pre-emptive power shut-offs, the company’s first this wildfire season, are a response to high winds that are poised to hit the state.

The number of customer transactions fell in the retailer’s latest quarter, but an increase in the average transaction boosted sales overall.

The retail giant logged another quarter of rising U.S. sales even as its online growth slowed, at a time when retailers are navigating rising costs, supply chain snarls and an uptick in Covid-19 cases in many parts of the country.

The auto maker plans to permanently reduce the number of vehicles carried on dealership lots, hoping to do more sales from buyers who custom order.

Many big employers now intend to keep staffers home after Labor Day, in a new blow to the shops, retailers and restaurants that rely on them.

Talks between Politico and Berlin-based Axel Springer also include the possibility of a full buyout.