US Business

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.

In a major shake-up at Netflix, Bela Bajaria has been put in charge of global television and Cindy Holland, a key architect of the streaming giant’s original content strategy, is leaving.

AstraZeneca said it paused clinical trials of an experimental Covid-19 vaccine after a participant in a U.K. study had an unexplained illness.

The iPhone maker accused Epic of breaching a contract when it introduced a new in-app payment system within the “Fortnite” videogame, the latest escalation of the battle between Apple and the software developer.

General Motors shares jumped after the auto maker said it would help an electric-truck startup develop and manufacture new models, the latest example of investor infatuation with electric vehicles.

The quarantine-induced surge in gaming last spring, especially among children, has brought with it a surge in fraudsters looking for opportunity.

China is launching its own initiative to set global standards on data security, countering U.S. efforts to persuade like-minded countries to ringfence their networks from Chinese technology.