The U.S. Federal Trade Commission sued to stop Tapestry Inc.’s $8.5 billion takeover of rival Capri Holdings Ltd., marking the first time the Biden administration has used its aggressive antitrust enforcement to try to stop a deal in the fashion accessories sector.

Antitrust enforcers said Tapestry’s acquisition of Capri would raise prices ...Read more

Archer-Daniels-Midland Co. said former Chief Financial Officer Vikram Luthar, who was placed on leave earlier this year amid an accounting investigation, has agreed to resign effective Sept. 30.

Luthar, who was suspended in January, will be “available to assist the Company and provide transitional support as needed” as a non-executive ...Read more

The shutdown of vessel traffic in and out of Baltimore’s harbor since the Francis Scott Key Bridge collapse March 26 has caused shipping delays but so far no widespread price increases, a Federal Reserve report says.

Businesses said they can manage a short-term disruption but are concerned about an extended shutdown, according to the Federal ...Read more

ST. LOUIS — The region's largest coal plant, the Labadie (Missouri) Energy Center, last year emitted far more of a major air pollutant than any plant in the country, a Post-Dispatch analysis has found.

Companywide, the St. Louis-based electric utility Ameren, which owns Labadie, produced more of the pollutant sulfur dioxide than all but one ...Read more

Perhaps your summers hold fond memories of strolling along the beach, hiking mountains or trying new foods at a destination hundreds of miles from home. If so, are you planning to keep the travel streak going this year? Would you go into debt for it?

A new Bankrate survey found that only about half (53%) of Americans are planning a summer ...Read more

RICHMOND, California — PG&E’s top boss held out hope Monday to the utility’s beleaguered ratepayers that they can expect customer monthly bills to flatten out and someday even fall below the current sky-high utility prices.

The utility titan is working effectively nonstop to scout for ways to curb the head-spinning surge in monthly bills ...Read more

Until Friday, the phrase "union victory at Chattanooga" could mean only one thing: the defeat of a Confederate army by forces under U.S. Grant at the Battle of Chattanooga in late November 1863.

No longer. On Friday, the United Auto Workers scored a decisive victory at a Volkswagen plant in Chattanooga, Tennessee, as workers voted ...Read more

Four years ago, when the Trump administration threatened to ban TikTok in the U.S., its Chinese parent company ByteDance Ltd. worked out a preliminary deal to sell the short video app’s business. Not this time.

Once again, the U.S. government is aiming to shut down TikTok unless it’s divested from Beijing-based ByteDance. But the company ...Read more

In the five years since two Boeing 737 Max crashes left hundreds grieving around the globe, the families who lost loved ones have been quietly fighting a legal battle against the airplane manufacturer.

Both crashes — killing 189 people in Indonesia in October 2018 and 157 people in Ethiopia four months later — were caused by flawed flight ...Read more

Four years ago, when the Trump administration threatened to ban TikTok in the U.S., its Chinese parent company ByteDance Ltd. worked out a preliminary deal to sell the short video app’s business. Not this time.

Once again, the U.S. government is aiming to shut down TikTok unless it’s divested from Beijing-based ByteDance. But the company ...Read more

The richest man in the world says and does what he wants. And often, it’s contentious and provocative.

Tesla CEO Elon Musk has attacked U.S. election integrity, embraced white-supremacist propaganda and accused President Joe Biden of treason. He even smoked pot on Joe Rogan’s provocative podcast.

Today, the pioneering electric-car company ...Read more

NEW YORK — Some big-name national grocery chains are testing the waters of a scaled-down approach in New York City, opening grab-and-go-style mini stores to whet the appetites of busy locals and possibly lure new customers by expanding to more neighborhoods.

Trader Joe’s opened a relatively small store in March dubbed Pronto on 14th Street ...Read more

The United Auto Workers’ organizing victory at Volkswagen AG's plant in Tennessee is a critical early momentum-builder as the union turns to more auto and battery plants across the South, experts say, but further successes aren't a foregone conclusion.

The Volkswagen landslide in Chattanooga, where 73% of voting workers backed UAW ...Read more

Private equity has been an outperforming investment options for years, but it's not been an option for most investors.

Private equity investment options have generally been reserved for institutional investors or people who have at least $5 million or more to commit. That has left the bulk of investors watching from the lobby.

Now Minneapolis-...Read more

Q: I have come across motorists whose brake lights come on hundreds of feet before a stop light. Brake lights come on, the vehicle immediately slows and it eventually comes to a complete stop at the light. Strictly in terms of brake wear, does a gentle stop over a long distance and time wear out the brakes less than a firmer stop (no skid marks)...Read more

TAIPEI, Taiwan — The U.S.-China rivalry has a new flashpoint in the battle for technology supremacy: electric cars.

So far, the U.S. is losing.

Last year, China became the world's foremost auto exporter, according to the China Passenger Car Association, surpassing Japan with more than 5 million sales overseas. New energy vehicles accounted ...Read more

Electric vehicle maker Rivian said it is working to secure and maintain the site of its planned Georgia factory, as well as preparing the land for vertical construction as soon as it can move forward with the $5 billion project.

Letters exchanged by Rivian and lawyers for the state of Georgia and a local joint development authority show the ...Read more

The New York Post is cutting newsroom staffers as part of what the company is calling a restructuring, Post reps confirmed Friday.

“Unfortunately, today’s changes means some of our colleagues will be leaving us,” staffers learned in a memo signed by CEO Sean Giancola and Editor-In-Chief Keith Poole that was posted by a CNN reporter. “...Read more

For the second month in a row, California posted the highest unemployment rate in the country, according to new data for March. And it was one of only two states, the other being Nevada, with a March jobless rate above 5%, said the Bureau of Labor Statistics.

On the positive side, data released Friday by the state's Employment Development ...Read more

Born in South Florida in 2011, Chewy upended the pet food business by providing online ordering, fast delivery, and personal touches like birthday cards adorned with actual paintings of pet customers.

Now among the nation’s largest pet supply retailers, the company took the first step this week in an effort to disrupt another traditional pet-...Read more