US Business

Rio Tinto said its chief executive would step down as it battles to contain the fallout from the destruction of two ancient rock shelters in northwestern Australia’s minerals-rich Pilbara region that were culturally significant to a local indigenous group.

EBay founder Pierre Omidyar stepped down from the company’s board as part of a broader overhaul that also has Elliott Management partner Jesse Cohn leaving the board.

The company’s quarterly sales rose 2% as the business software company navigates changing customer spending habits.

Google and Twitter said they are taking additional steps to tamp down misinformation about the U.S. election, as tech platforms scramble to address an expected flood of false claims and misleading posts.

LVMH expanded its rationale for pulling out of its biggest acquisition ever, saying the deal to buy Tiffany was no longer valid because the company had been mismanaged during the pandemic.

ByteDance, the video-sharing app’s Chinese parent company, is in talks with officials over possible arrangements that would avert a full sale of TikTok’s U.S. operations, according to people familiar with the matter.

The luxury-goods giant said it was backing out of its $16.2 billion takeover of Tiffany, in a sign of how trade tensions and the coronavirus pandemic have taken the air out of the highflying luxury industry.

Kansas City Southern has rejected a roughly $20 billion takeover offer from a group of investors, arguing that the bid undervalues the railroad operator.

Ireland’s privacy regulator is seeking Facebook’s response to a preliminary order to suspend the company’s data transfers to the U.S. because of concerns over American government surveillance practices.

There are lessons in the successes of quarantine bubbles like the NBA’s that could shape how some companies ramp back up as U.S. coronavirus cases continue to climb.