Office Depot Rebuffs Takeover Offer From Staples

Office Depot’s parent, ODP, has concluded that a sale of its retail and consumer-facing e-commerce operations to Staples or a joint venture is preferable to a full takeover, according to a letter reviewed by The Wall Street Journal.

Microsoft Bets on Driverless-Car Space With Investment inGM's Cruise

Microsoft is among a group of companies that will invest more than $2 billion in San Francisco-based Cruise, which has been majority owned by GM since early 2016. The financing brings Cruise’s valuation to $30 billion.

MGM Ends Bid for British Gaming Firm Entain

The Las Vegas-based casino operator made a bid for Entain by offering 0.6 of its shares for each Entain share, worth £8.09 billion.

FedEx Plans to Cut Up to 6,300 Jobs in Europe

The delivery company seeks to address the overlap resulting from operating two European networks connecting similar geographies.

How Volkswagen's $50 Billion Plan to Beat Tesla Short-Circuited

Faulty software set back a bid by the world’s largest car maker for electric-vehicle dominance.

Yellen Tells Lawmakers That Workers Would Be Her Focus

Janet Yellen, President-elect Joe Biden’s choice for Treasury secretary, urged lawmakers in her confirmation hearing to “act big” to avert a protracted economic downturn and put aside concerns about the mounting national debt.

The Debt Question Facing Janet Yellen: How Much Is Too Much?

The Treasury secretary nominee, facing confirmation hearings this week, supports Biden administration plans that add trillions to U.S. borrowing, backed by a turnabout in economic thinking.

China's Consumers Fall Behind Even as Its Economy Marches Forward

One thing is missing from China’s otherwise remarkable economic recovery: a strong rebound in consumer spending.

Covid-19 Heightens U.S.-China Rivalry, New Report Says

The World Economic Forum’s annual report concludes that the pandemic threatens to widen income and other disparities within and between societies, increasing the risks of a further fracturing inside some states and in international relations.

What's on Biden's Business and Economic To-Do List

Higher corporate tax rates, clean-energy initiatives and more will likely have to wait for Covid-19 stimulus.

Fast-Food Chains Bite Into the Fervor for Chicken Sandwiches

McDonald’s, Chick-fil-A and others, grappling with slowdowns and restrictions brought on by the Covid-19 pandemic, aim to capture consumers’ enthusiasm for crispy, breaded-chicken sandwiches.

Royal Caribbean to Sell Azamara Luxury Cruise Line for $201 Million

The move would let the cruise operator focus on its core brands after almost a year since onboard coronavirus outbreaks brought its voyages to a halt in the U.S.

Great Lakes Pipeline Adds Heat to U.S.-Canada Energy Tensions

Michigan has ordered Calgary-based Enbridge to close an oil pipeline that supplies Canada’s most populous region, adding another point of conflict in the energy relationship between the U.S. and Canada. 

China Clears Cisco-Acacia Deal With Conditions

China’s antitrust regulator said the U.S. telecom-equipment companies and subsequent merged entity must fulfill existing contracts with Chinese clients and keep commercial terms unchanged.

Trump Rules Easing Power-Plant Emissions Limits Are Vacated by Court

The federal appeals court ruling could undo a Trump administration bid to give states and utilities more flexibility in how they cut greenhouse-gas emissions, and gives the incoming Biden administration an opening to reset rules for addressing climate change.

New Stellantis CEO Plans More Distinctive Vehicle Brands

Carlos Tavares outlined his vision for the newly combined auto maker, saying he would preserve factories, draw more distinctions between brands and reassess troubled operations in China.

Chilly This Winter? Cozy Up to the Computer That's Mining Bitcoin

Videogamers and cryptocurrency miners find their souped-up machines make dandy warmers for rooms, greenhouses, chicken coops; ‘like those heaters on a restaurant patio.’

China-Australia Dispute Leaves Coal Carriers Stranded

Beijing is increasingly turning to Indonesia and other suppliers as a bar on Australia coal imports reshapes global trade in the commodity.

Poshmark Keeps It Social in Sustainable E-Commerce

The online platform, which calls itself a social shopping marketplace, combines all of retail’s hottest trends, but future growth could be costly.