US Business

The company paused production at its Sturgis, Mich., facility after storms last month flooded part of it.

Russia’s main natural-gas artery to Europe is about to close for maintenance. Governments on the continent worry the shutdown will be permanent, while manufacturers are preparing for possible gas rationing that would force them to shut production.

Quarterly reports kick off this week with big financial companies. Some investors say corporate-profit forecasts are overly optimistic.

High-profile tech companies have announced plans to slow hiring or cut jobs, and are in some cases warning employees to brace themselves for tougher times.

The latest strong employment figures keep the Federal Reserve on track to raise interest rates by 0.75 percentage point at its meeting later this month to cool high inflation.

Employers continued to snap up workers in June—though at a slower pace than earlier in the year—in an economy that is otherwise cooling rapidly.

Private employers continued to hire across all major U.S. industries in June, including for jobs at offices, stores, restaurants, technology companies and healthcare providers.

Both sides expected to battle over $44 billion deal in a Delaware court.

The social-media company’s employees voice confusion and frustration after weeks of upheaval during the takeover talks.

The tech entrepreneur is seeking to terminate his deal to buy the social-media company, saying it hasn’t provided data he needs to assess the prevalence of fake accounts, according to a regulatory filing.