Business

Airlines will now have to provide automatic refunds to travelers if flights are canceled or significantly altered under new U.S. Department of Transportation rules, a significant change for consumers that could drive up costs across the industry.

Over the last decade, streaming video platforms have gradually siphoned away viewers from traditional TV networks. But next month, they will be confronting the legacy outlets on their own turf — by going directly for their advertising dollars.

Over the decades since Walt Disney opened his first theme park in 1955, the company's tourism business has ballooned to an enterprise worth tens of billions in yearly sales, with sprawling locations in Anaheim, Orlando, Paris, Shanghai, Hong Kong and Tokyo.

New technologies are making it easier for companies to fix prices and discriminate against individual consumers, the Biden administration’s top consumer watchdog said Tuesday. Algorithms make it possible for companies to fix prices without explicitly coordinating with one another, posing a new test for regulators policing the market, said Lina Khan, chair of the Federal Trade Commission, ...

Boeing lost $355 million in the first quarter as it struggled with the fallout from a January door blowout on a 737 Max 9.

Elon Musk is known to challenge the status quo - and that’s exactly what Tesla Inc.’s investors are worried about right now. The company’s shares are weathering the longest rout since late 2022, tumbling nearly 19% over the past seven days, amid doubts about its business strategy as sales of electric vehicles slump.

Apple Inc. announced plans for a special event on May 7, when it’s expected to unveil new iPads and accessories after a long lull.

United Parcel Service Inc. reported profit higher than analysts’ estimates as the courier’s headcount management and restructuring of its delivery routes began to bear fruit.

A Starbucks challenge to the National Labor Relations Board’s reinstatement of fired baristas will go before the Supreme Court on Tuesday.

When David Ellison, the mega-rich aerobatic pilot and Ferrari-driving son of multibillionaire Oracle co-founder Larry Ellison landed in Hollywood, he was viewed as yet another trust fund scion with Klieg lights in his eyes and an enviable bank account.

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.

Today, the pioneering electric-car company Elon Musk built in Silicon Valley — headquartered in Texas after he moved it from Palo Alto, California — is struggling. This month, Tesla posted its first drop in car deliveries in four years, and Musk told employees that more than 10% of them would be laid off. Two key executives promptly ran for the hills. The company’s stock price has been plunging, even before its Cybertrucks were recalled last week to fix their accelerator pedals.

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.