US Business

The struggling Texas oil giant is retreating from a plan to increase spending to boost its oil and gas production by 2025 and preparing to slash the book value of its assets by up to $20 billion.

The videoconferencing company posted another quarter of record sales and again lifted its outlook as remote working and distance schooling drags on during the pandemic.

The auto maker will no longer take an equity stake in the electric-truck maker under a stripped-down agreement, a significant retrenchment from an earlier pact that fueled investor enthusiasm for both companies.

At brands such as Subway and Econo Lodge, owners and store operators once pulled in the same direction but now increasingly squabble. It’s a worrisome trend for an industry that gives individuals a way to become their own boss and that employs more than 8 million in the U.S.

Airbnb is planning to target a range of around $30 billion to $33 billion when the home-rental startup kicks off its investor roadshow. DoorDash, meanwhile, plans to target a range of around $25 billion to $28 billion.

The weekend after Thanksgiving met expectations that it would be the busiest travel period in the U.S. since the coronavirus pandemic began.

Foot traffic plunged by half amid the pandemic while online sales jumped. Consumers turned to Amazon and big-box chains that offer one-stop shopping.

The car maker’s Lordstown plant was once a symbol of economic might. It’s now a symbol of the economic struggles of those in factory jobs, with many of its former workers leaving their families behind in Ohio in search of good pay and benefits in other states.

Grocers say they are well-positioned to provide Covid-19 immunizations because a large share of the population lives near one of their stores and their pharmacies regularly offer shots for flu, shingles and other illnesses.

Advocates are hoping to pass similar measures in other states, but still-elevated unemployment and lower costs of living in rural areas remain challenges.