US Business

The growing industry has little regulation and many cases of financial abuse, including escrow funds taken to pay gambling debts or to buy bitcoin.

The cuts in corporate and back-office roles total more than 1% of the company’s workforce.

Jana Partners built a 9% stake in the theme-park operator with a group that includes the Kansas City Chiefs tight end.

The dominant streamer reported higher revenue and profit, driven by membership growth, increased ad revenue and price increases, but shares slumped on a tax-dispute expense.

Beijing used bare-knuckle tactics in a multidecade effort to consolidate control over supplies.

Joe Sanberg’s bank got the Clippers owner to invest, then struck a puzzling deal with the team’s star. “Makes no business sense whatsoever,” one senior executive texted.

Bausch + Lomb is seen as a potential buyer for the contact-lens unit and the CEO said he would be interested.

Instead of offshoring, Provalus looks for small towns where incomes are low and people are eager for positions that will teach them 21st-century skills.

Sales of secondhand luxury goods are growing faster than in brands’ own stores.

The development draws to a close a hostile pursuit by Spain’s second-biggest bank that dragged on for nearly 18 months. Shares in BBVA jumped.