TikTok's Chinese parent, ByteDance, is discussing with the U.S. government possible arrangements that would allow the video-sharing app to avoid a full sale of its U.S. operations.

LVMH said it was backing out of its $16.2 billion takeover of Tiffany. The U.S. jeweler said it filed a lawsuit in Delaware Chancery Court to enforce the agreement.

An EU privacy regulator sent Facebook a preliminary order to suspend data transfers to the U.S. about its EU users in a potentially precedent-setting challenge.

U.S. stocks rebounded after a three-session selloff in shares of tech highfliers, with the Nasdaq, S&P 500 and Dow gaining 2.7%, 2% and 1.6%, respectively.

Kansas City Southern rejected a roughly $20 billion takeover offer from a group of investors, saying it undervalues the company.

Mall owners Simon and Brookfield agreed to acquire J.C. Penney out of bankruptcy for $800 million, including debt.

The number of available jobs in the U.S. leveled off late this summer, the latest sign momentum in the labor market is easing.

NBCUniversal has overhauled its TV-production units under Pearlena Igbokwe, who was named chairman, Universal Studio Group.

Ex-VW CEO Winterkorn was ordered to face trial on charges of defrauding customers in connection with the firm's emissions scandal.