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 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.
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.
The delivery company seeks to address the overlap resulting from operating two European networks connecting similar geographies.
Faulty software set back a bid by the world’s largest car maker for electric-vehicle dominance.
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 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.
One thing is missing from China’s otherwise remarkable economic recovery: a strong rebound in consumer spending.
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.
Higher corporate tax rates, clean-energy initiatives and more will likely have to wait for Covid-19 stimulus.
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.
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.
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’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.
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.
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.
Videogamers and cryptocurrency miners find their souped-up machines make dandy warmers for rooms, greenhouses, chicken coops; ‘like those heaters on a restaurant patio.’
Beijing is increasingly turning to Indonesia and other suppliers as a bar on Australia coal imports reshapes global trade in the commodity.
The online platform, which calls itself a social shopping marketplace, combines all of retail’s hottest trends, but future growth could be costly.