US Business

The U.S. Treasury said it has closed loans to seven passenger airlines and joined with the industry to call on Congress to extend more aid to prevent massive job cuts later this week.

Boeing will set plans this week to consolidate 787 Dreamliner assembly in South Carolina, people familiar with the matter said, ending production of that jetliner in Washington state.

NextEra Energy recently made a takeover approach to Duke Energy, according to people familiar with the matter, testing the waters for what would be a $60 billion-plus combination of two southern utilities.

Walt Disney said it would lay off about 28,000 employees at its domestic theme parks, citing continuing restrictions due to the Covid-19 pandemic, particularly its inability to reopen Disneyland in Southern California.

Retail store closings in the U.S. reached a record in the first half of 2020 and the year is on pace for record bankruptcies and liquidations as the Covid-19 pandemic accelerates industry changes.

Japan’s biggest telecommunications company said it would spend $40 billion to buy the portion of its mobile unit that it doesn’t already own, taking full control of its principal cash cow.

The company said problems included some users of its Outlook email services and Teams workplace collaboration suite that provides chat functionality and videoconferencing.

The French luxury-goods conglomerate says the damage the U.S. jeweler’s business has suffered during the pandemic invalidates their $16 billion deal.

Banning downloads while the court fight continues would harm the video-sharing app’s business, a federal judge said, ruling that the Trump administration’s curbs likely went beyond the bounds of a national security law.

Black professionals face greater obstacles early in their career, are viewed more critically than their colleagues and frequently lack the relationships that are pivotal to advancement. Only 1% of the chief executives running America’s top 500 companies are Black.