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Less-than-truckload carrier Old Dominion Freight Line entered a $1.5 billion bid for Yellow Corp.’s terminals, according to a Friday filing in a Delaware bankruptcy court. The new offer exceeds the $1.3 billion bid from LTL peer Estes Express Lines, which was revealed at a Thursday status update. The offer for...

Adidas said Thursday that it has struck a deal to sell struggling sneaker and sportswear brand Reebok to Authentic Brands Group for up to 2.1 billion euros, or roughly $2.5 billion. With the sale, Reebok will become part of...

Senators Mark Warner (D-Virginia) and Deb Fischer (R-Nebraska) have introduced legislation to ban so-called “dark patterns” tactics designed to trick users into handing over access to their data, Reuters reported on Tuesday. Dark patterns, a term first popularized by...

A judge ruled last week that Burger King must face a class action lawsuit accusing the chain of false advertising, joining the ranks of other fast-food giants like McDonald's, Burger King and Taco Bell. The latest in...

DETROIT – The semiconductor shortage that has hampered the auto industry, created vehicle shortages and higher prices isn’t likely to end any time soon. Toyota, the world’s largest automaker, has cut its global production 40%. According...

Electric vehicle (EV) concepts shown in Shanghai this week, such as the Audi AI:me and Infiniti QX Inspiration, point to a future of living-room-like comfort in cars with flat floors and ample space for sofa-like bench seats. In the...

The Biden administration's proposed rule to increase overtime for millions of workers could negatively affect small businesses already struggling with inflationary pressures, according to several trade groups. The U.S. Department of Labor's proposed rule "Restoring and Extending Overtime Protections" would require employers to pay overtime to certain workers making less...

U.S. consumer sentiment remained weak in late August amid ongoing concerns over inflation and the coronavirus pandemic. The University of Michigan’s final sentiment index fell to a near-decade low of 70.3 during the month from 81.2 in July, data...

Anadarko Petroleum Corp, the U.S. oil and gas exploration and production company that agreed this month to sell itself to Chevron Corp for $33 billion, decided on Sunday to begin negotiations to sell itself to Occidental Petroleum Corp instead, according to people...

Shares of Chinese tech giant Alibaba fell 3.5% on Monday, after the company said in a surprise move that outgoing CEO Daniel Zhang will also be stepping down as chairman and CEO of its cloud business. The move comes months after Alibaba said in June that Zhang was departing as chairman and CEO of Alibaba...