General Motors will lay off its third shift of workers at the assembly plant where it builds its midsize pickups and full-size vans as cases of coronavirus surge in the surrounding community.

The automaker said starting July 20 it will reduce its Wentzville Assembly plant, which is near St. Louis, Mo., to two shifts.

"We believe in the short ...Read more

The low-cost mutual fund provider Vanguard is immensely profitable.

The private, for-profit company earns millions of dollars in fees each year and pays income taxes. And for senior executives and others at Vanguard, there's a closely watched compensation program called "Partnership Plan" paid out every year.

The Partnership Plan is Vanguard's...Read more

3M says it's hit midyear goals for increasing U.S. respirator output as a new production line recently opened at one of the company's Wisconsin factories.

The N95 respirators are vital for protecting health care workers from COVID-19, and with sharply rising demand, they're boosting 3M's sales in an otherwise dismal year for manufacturers.

The...Read more

SiriusXM confirmed Monday it will acquire podcasting company Stitcher for up to $325 million in the industry's largest podcasting deal yet.

The acquisition will give the satellite radio giant, home of such programs as the "The Howard Stern Show," a greater foothold in podcasting. The company said it would pay $265 million in cash for Stitcher ...Read more

Chatham Asset Management, the New Jersey hedge fund that is McClatchy Co.'s largest creditor, has won an auction to buy the bankrupt local news company.

Under the proposed deal that will be submitted to the bankruptcy court for approval, Chatham would buy the entire company, McClatchy said Sunday.

"As long-standing supportive investors in ...Read more

Making a down payment on its housing pledge, Apple announced Monday it has committed $400 million to affordable housing projects this year across California, including immediate assistance for struggling Bay Area tenants and four, new low-income projects across the region.

The short-term aid and construction projects mark the first installment ...Read more

Ubisoft, the publisher behind video game brands such as "Assassin's Creed," "Watch Dogs," "Far Cry" and "Just Dance," revealed Saturday that a number of top executives would be stepping down from the company. The changes come after Ubisoft was accused of an array of sexual and workplace misconduct, which had already resulted in a resignation and...Read more

As factories start bringing back workers laid off at the beginning of the pandemic, some are retooling to meet coronavirus-related demands.

Designetics, a firm near Toledo, Ohio, that makes windshield coating systems, now has about half its 73 workers trained to make custom protective barriers to prevent coronavirus transmission.

The switch ...Read more

Faced with the prospect of restricted access to U.S. dollars, China's answer is to get more people to use its own currency instead.

The increasing spillover of Sino-American tensions into the financial sphere has ignited a fresh push by China to promote the global use of the yuan. A growing number of government officials and influential market ...Read more

The aversion of many Americans to wearing a thin piece of cloth across their faces is restraining an already-shaky economic rebound.

In Texas, the second most-populous state and a hotspot of the resurgent COVID-19, Republican Gov. Greg Abbott on July 2 ordered mask-wearing in a reversal of his earlier opposition to enforcement. He said on local...Read more

Civil rights groups were swift in their criticism of a plan being weighed by Facebook Inc. to halt political advertising before the U.S. election, saying the ban would do little to address rampant hate speech and misinformation on the social network.

An ad blackout could even exacerbate voter suppression, rights advocates said.

"@Facebook ...Read more

WASHINGTON -- When farmers don't have enough money in their pockets, neither do local business owners or other residents in their small, rural communities.

"It doesn't matter what you do in North Dakota, your income is based somehow off of agriculture," said soybean farmer Tyler Stafslien, who lives in Makoti, North Dakota.

Buffeted by a two-...Read more

Hours after sending an email instructing employees to remove the social media app TikTok from their phones, citing unspecified "security risks," Amazon.com Inc. said Friday the message was sent in error.

The curious sequence of events came days after the White House amped up messaging that casts the popular Chinese-owned service as a potential ...Read more

SAN FRANCISCO -- Facebook Inc. is considering imposing a ban on political ads on its social network in the days leading up to the U.S. election in November, according to people familiar with the company's thinking.

The potential ban is still only being discussed and hasn't yet been finalized, said the people, who asked not to be named talking ...Read more

DETROIT -- Fiat Chrysler Automobiles is recalling more than 1.2 million SUVs and minivans because pieces on the steering wheels could become projectiles if the driver-side air bags deploy.

The recall affects 2007-11 Dodge Nitros and 2008-10 Chrysler Town & Country and Dodge Grand Caravan minivans. The bulk are in the United States.

The company...Read more