US Business

The pandemic has reshaped the holiday shopping season, with fewer people hitting stores on Black Friday and many retail chains holding the line on discounts because they are sitting on lean inventories.

GM’s lending arm is drawing up plans to apply for a banking charter, a move that would allow it to accept deposits and expand its auto-finance business.

The company is committing $500 million toward holiday bonuses for front-line employees, including $300 for anyone who works full-time for all of December.

When the coronavirus sent millions of professionals working remotely, other companies seized the spotlight, making Slack a potential acquisition target.

The battle to be the go-to business-software provider is intensifying, as Salesforce looks to acquire Slack Technologies.

A lawsuit by popular users looked like a grass-roots effort, but the legal action was orchestrated behind the scenes by TikTok and parent company ByteDance, according to people familiar with the effort.

Ascena Retail Group said the private equity firm has committed to retaining a “substantial portion” of the stores it seeks to buy out of bankruptcy.

Section 230 is facing threats unlike anything in its 24-year history, with potentially significant consequences for websites that host user content.

The governors, contending with their own budget problems, say they are unable to provide additional funds to small businesses.

Walt Disney said it would lay off about 32,000 employees, primarily at its theme parks, as the coronavirus pandemic continues to drag on its businesses.