US Business

The biggest U.S. technology companies have leveraged their dominance to stifle competition and innovation, Democrats said in a report following a 16-month inquiry and called on Congress to take antitrust action.

Federal securities regulators have warned General Electric of a civil-enforcement action over its accounting for a legacy insurance business, adding a fresh hurdle to efforts to turn around the once-mighty manufacturer.

The aerospace company said the coronavirus pandemic will reduce global jetliner demand by around 2,000 planes over the next decade.

The pandemic accelerated a major shift in the retail industry. Traffic to stores evaporated. Online credit-card transactions soared and e-commerce sales jumped. Here, in charts, are some ways the sector has changed.

U.S. services businesses gained momentum in September, but fresh virus restrictions hurt the sector in Europe and parts of Asia, boding ill for the global economic recovery.

Delivering billions of doses of coronavirus vaccines to the world’s population is shaping up to be one of the toughest-ever challenges for the air-cargo industry.

The comeback since the start of the pandemic is kind to those who can work from home, to firms serving them and to regions hospitable to them. Left behind are the less-educated, old-line businesses and areas dependent on tourism. Rising wealth coincides with lines at food banks.

Cancer-drug powerhouse Bristol Myers Squibb said it will buy biotech MyoKardia in a $13.1 billion all-cash deal aimed at expanding its lineup of heart drugs.

In normal times, a monthly employment report showing the economy adding 661,000 jobs would be fantastic news. But these aren’t normal times, and if anything the September employment figures counted as bad.

The U.S. government is ramping up efforts to secure minerals critical to modern technology but whose supply is dominated by China—a stranglehold that miners warn could take years to break.