US Business

Gov. Gavin Newsom signed an order that aims to end the sale of new gasoline and diesel-powered passenger cars in the state by 2035.

The real-estate operator is selling control of its business in China, the latest sign it is abandoning its former rapid-growth approach and looking to reduce risk.

The electric-truck maker’s pursuit of a deal with BP and other energy companies on hydrogen-refueling stations has paused, the first outward indication that allegations against Nikola are affecting its business plan.

Top executives are planning ahead after months of adapting to working from home. While many say they’ve seen enough to judge the pros and cons of the new arrangements, they are reaching different verdicts.

The company has an eventual annual production target of 20 million vehicles, potentially becoming the world’s largest auto maker.

The biggest wholesale mortgage originator in the U.S. is merging with a special-purpose acquisition company in a deal that will take the lender public at a valuation north of $16 billion.

Nike’s sales rebounded in the summer quarter after slumping earlier during the coronavirus pandemic, as rising digital sales offset declining revenue at traditional stores.

France’s foreign minister said he was responding to a query from LVMH when he wrote a letter to the luxury conglomerate asking it to delay its acquisition of Tiffany.

Some makers of smart speakers, video doorbells and other hardware have hit roadblocks buying key ads in search results. Gadgets made by e-commerce giant get the edge.

Trian Fund Management has taken a stake in Comcast in a bet that the cable giant’s shares are undervalued. Comcast is one of the biggest companies ever targeted by an activist.