US Business

United reported a net loss of $1.9 billion for the fourth quarter but said it has gotten a handle on how to survive its immediate challenges.

Tension is rising between European authorities and Pfizer and BioNTech after officials said the companies had unexpectedly cut their deliveries of Covid-19 vaccines and put their immunization schedules at risk.

Restaurants including McDonald’s, Church’s Chicken, Checkers and TGI Friday are getting a sales bump as consumers receive the latest stimulus checks, but sales patterns show the boost can be fleeting.

Fourth-quarter revenue climbed to $65.47 billion, up from $60.9 billion in the same quarter a year earlier. Costs also rose.

Jack Ma, the billionaire founder of China’s Alibaba and controlling shareholder of financial affiliate Ant Group, made a public appearance, his first since regulators began clamping down on his business empire.

The streaming giant said it added 8.5 million subscribers in the fourth quarter, ending last year with an additional 37 million altogether.

Carlos Tavares outlined his vision for the newly combined auto maker, saying he would preserve factories, draw more distinctions between brands and reassess troubled operations in China.

The drugmaker is on track to help meet President-elect Joe Biden’s goal for his first 100 days in office, Chief Executive Stéphane Bancel said.

Faulty software set back a bid by the world’s largest car maker for electric-vehicle dominance.

The Treasury secretary nominee, facing confirmation hearings this week, supports Biden administration plans that add trillions to U.S. borrowing, backed by a turnabout in economic thinking.