US Business

Dozens of unsealed court documents offered new revelations about Jeffrey Epstein’s alleged sexual abuse of teenage girls.

The hackers behind the high-profile online break-in at Twitter earlier this month talked their way onto the company’s network using the telephone, the company said.

Amazon.com delivered soaring quarterly sales and profit, leading a pack of tech giants that reported thriving business amid the coronavirus pandemic and highlighting the industry’s central place in business and society at a time of concern over its clout.

Coronavirus victims and their families allege workplaces failed to protect them, including Safeway, Walmart and Tyson; employers said they took appropriate steps to combat the virus. The cases are part of an unfolding liability threat facing U.S. companies as many look to resume operations.

MGM Resorts named Bill Hornbuckle as its new chief executive, handing the reins to the acting CEO who has led the global casino operator through the Covid-19 pandemic.

U.S. mobile phone chip giant Qualcomm said it resolved a licensing dispute with Huawei Technologies and inked a long-term deal with the smartphone maker despite heightened tensions between the U.S. and China.

Boeing said it would cut production of commercial jets even further and continue to shrink its workforce as the pandemic deepens its toll on aviation.

Lawmakers raised concerns about the market dominance of Amazon, Apple, Facebook and Google at a hearing with the four CEOs. The testimonies come as the companies face investigation by antitrust authorities in the U.S. and elsewhere while also experiencing sky-high valuations.

GE posted a roughly $2 billion quarterly loss as revenue tumbled 24%, hurt by a steep decline in a jet-engine business that has been hobbled by the coronavirus pandemic. The aviation business, once a profit engine, swung to a loss as orders plunged.

Amazon, Apple, Facebook and Google will come under the glare of a national spotlight, as their CEOs face questions from members of Congress aiming to rein in what they believe is excessive power in the hands of a few giant companies.