Direct Lender HPS Supplies Bombardier With $1 Billion Credit Line

Bombardier secured a $1 billion credit facility from direct-lending firm HPS Investment Partners as the Canadian train and plane maker waits to close on a sale of its train-manufacturing business. 


 
Whirlpool Expects Swift Recovery from Coronavirus

The appliance maker said it recovered significantly in June and improved its guidance for the year, signaling damage from the coronavirus pandemic might be lighter than the company expected. 


 
New York Times Reaches Deal to Acquire Serial Productions

The company has reached an agreement to acquire Serial Productions, the maker of the hit podcast "Serial," a deal that aims to further the newspaper's podcasting ambitions, according to people familiar with the matter. 


 
Chipotle's Online Sales Surge Amid Coronavirus

Chipotle Mexican Grill said online sales more than doubled after the coronavirus pandemic hit, rewarding the company's recent investments in its digital operations. 


 
Tesla Posts Fourth-Consecutive Quarterly Profit

The milestone makes the electric auto maker eligible for inclusion in the S&P 500. The auto maker said it has chosen a location near Austin, Texas, for its second U.S. assembly plant. 


 
Las Vegas Sands Revenue Plummets 97%

The casino operator reported a 97% decline in revenue as the global pandemic damps visitation to the gambling hubs of Las Vegas and Macau, and executives expressed little optimism about a return to business as usual. 


 
Microsoft Revenue Surges Though Cloud Growth Slows

Its quarterly sales rose 13% on sustained demand for its Azure cloud-computing service as customers shifted more work online during the coronavirus pandemic. 


 
HCA Healthcare Profit Rises on Federal Aid, Returning Patients

HCA, one of the nation's largest hospital chains, said federal pandemic-relief aid helped lift second-quarter profit in "a remarkable 91 days." 


 
KPS Capital Partners to Buy the Maker of Humvees From MacAndrews & Forbes

KPS's purchase of AM General dovetails with its experience investing in specialty vehicles and components. MacAndrews & Forbes, the investment firm of Ronald Perelman, is reshaping its portfolio in light of the coronavirus pandemic. 


 
Apple Defends App Store Ahead of House Hearing

Apple is defending how its App Store operates in the face of antitrust scrutiny, touting economic research it commissioned showing the fees it collects from developers are in line with those charged by other digital platforms.