US Business

Intel is close to a deal to buy Israeli chip company Tower Semiconductor for nearly $6 billion, as the U.S. semiconductor giant continues spending to expand its manufacturing operations.

The state says the social-media giant violated privacy protections in a lawsuit, seeking civil penalties that a person familiar with the matter says range in the hundreds of billions of dollars.

Prices to ship goods between the U.S. and Canada have been soaring even though most companies have been absorbing the cross-border delays.

A buying binge made Medical Properties Trust one of the biggest owners of U.S. hospitals. But its largest tenant piled up $800 million in losses.

The deal is dropped after an antitrust lawsuit. The rocket maker could draw interest from other potential buyers, analysts say

The agreement follows a roughly yearlong effort by the U.S. private-equity giant to acquire the company.

Kyiv-based carrier SkyUp Airlines said it was forced to make an unscheduled landing in Moldova and suspended sales for flights this week after its insurers stopped covering aircraft in Ukrainian airspace.

The company’s ongoing production and shipping constraints are squeezing independent sneaker boutiques, which are sometimes waiting months for key designs.

Beyond higher prices for materials, shipping or wages, inflation is hitting U.S. companies in less-obvious ways, seeping into legal costs for Marlboro maker Altria and auto-repair bills for insurer Allstate.

The transactions, by two senior Federal Reserve economists, came as Chairman Jerome Powell signaled a policy pivot in response to the pandemic. The Fed says employees complied with rules and some trades made by family members.