McDonald’s said it is suing former Chief Executive Steve Easterbrook and seeking to recoup tens of millions it paid him in severance and benefits, alleging that he lied to the board about sexual relationships with employees before his ouster last fall.21
The hotel company says 91% of world-wide hotels have reopened, with Greater China leading the recovery.
WSJ News Exclusive
Simon Property Group has been in talks with Amazon to convert some Sears and J.C. Penney stores into Amazon fulfillment centers.
WSJ News Exclusive
Nikola says it secured an order to make at least 2,500 electric garbage trucks for refuse giant Republic Services, fulfilling one of the electric-vehicle startup’s three major business goals for the year.
Autonomous-vehicle road testing has skidded to a halt in the U.S. amid the Covid-19 pandemic. But China’s startups have pushed ahead by more than doubling the number of self-driving car projects, with a boost from the country’s 5G network.
Carvana, an online-only seller of used vehicles, is generating new interest from both car buyers and Wall Street as its business benefits from the burst in internet shopping.
Several investment and technology firms are exploring a potential deal for the U.S. operations of TikTok, which is facing a Trump administration ban, but each would have to surmount hurdles at least as high as the Chinese platform’s main suitor, Microsoft.
