Uber Wins Back License to Operate in London After Yearslong Battle

Ride-hailing company Uber won an appeal over the revocation of its operating license in the U.K. capital, securing for now the ride-hailing company's operations in one of its biggest global markets. 


 
ArcelorMittal to Sell U.S. Business to Cleveland-Cliffs

The company agreed to sell its U.S. business to Cleveland-Cliffs for around $1.4 billion, as the world's largest steelmaker grapples with the fallout from Covid-19. 


 
Devon Energy, WPX to Merge in All-Stock Deal

The shale drillers are combining in an all-stock merger of equals, creating an entity with a combined market value of about $6 billion. The move could help them weather the prolonged slump in oil demand amid the Covid-19 pandemic 


 
Container Line CMA CGM Hit by Cyberattack

French container shipping line CMA CGM SA said Monday it has shut down some of its technology systems as it copes with a cyberattack at two of its Asia-Pacific subsidiaries. 


 
Some Google Search Rivals Lose Footing on Android System

A system Google set up to promote competition on Android has left some smaller search engines having trouble gaining traction, fueling rivals' complaints about the tech giant's compliance with a European Union antitrust decision ahead of potential U.S. charges. 


 
Covid Blunts Unilever's Edge in Emerging Markets

Unilever has leaned on developing countries to power its sales growth, but the pandemic has roiled its biggest such market-India-propelling the company to change how it manufactures, prices and distributes its products there. 


 
Nikola's Business Model Relies on Big Leaps in Technology, Large Declines in Costs

The electric truck startup's future depends on delivering big technological advances and dramatic cost reductions. 


 
Developer China Evergrande Erases Market Losses

The company had sought to assuage investor concerns about its liquidity following a steep selloff, and some investors took advantage of its distressed U.S.-dollar-bond prices to scoop up the junk-rated debt. 


 
Judge Halts Trump Administration TikTok Download Ban

The federal judge's move gives the Chinese-owned app a short-term victory as it scrambles to ensure its future while caught in a battle of brinkmanship between global superpowers. 


 
Kioxia's Ambitious IPO Runs Up Against Reality

The collateral damage from Huawei's trouble is widespread, but the problems with the now-delayed Kioxia public offering ran deeper.