US Business

AMD is in advanced talks to buy rival chip maker Xilinx, people familiar with the matter say, in a deal that could be worth more than $30 billion and mark the latest big tie-up in the rapidly consolidating industry.

The Labor Department is investigating companies with federal contracts that have included numerical goals in their pledges to hire more-diverse staff.

The AT&T-owned company is seeking to reduce costs by as much as 20% as the pandemic drains income from movie tickets, cable subscriptions and TV ads, according to people familiar with the matter.

IBM plans to spin off a major part of its information-technology services operations, as the 109-year-old tech pioneer sharpens its focus on the faster-growing cloud-computing business and AI.

McDonald’s said its U.S. sales have bounced back from the initial shock of the pandemic, thanks to sped-up drive-throughs and a meal promotion with musician Travis Scott.

Samsung Electronics said it expects around 12.3 trillion won ($10.6 billion) in operating profits for the third quarter, rising on the same period a year earlier and driven by stronger smartphone and consumer electronics sales.

Six current and former chicken-industry executives face price-fixing charges, marking an expansion of the U.S. government’s antitrust prosecutions in the $65 billion poultry industry.

The social-media company takes its latest step to combat potential confusion and abuse related to the vote.

Airports and airlines are searching for ways to avoid long quarantines that turn travelers off. How well they work remains to be seen.

Some U.S. business groups are pushing back against a White House directive to limit racial-sensitivity training, which has caused confusion for some private businesses with federal contracts.