Shepard Smith, the former Fox News anchor who abruptly left his longtime network last year after tensions with colleagues over coverage, is set to join CNBC, the cable station known for Wall Street and business news, as the host of a new nightly newscast. His 7 p.m. program, “The News with Shepard Smith,” is expected

For sale: Boutique hotel, convenient to Hollywood. 116 rooms, rooftop pool, jet-setting clientele. Previous owner spent $40 million on renovations before becoming an international fugitive. Asking price: $100+ million. If that sounds like a steal — even in the middle of a global pandemic that has nearly ground travel to a halt — the Viceroy

Boeing has received Federal Aviation Administration approval to start test flights of its 737 Max to demonstrate that it can fly safely with new flight control software. The flights, which could begin as soon as Monday, represent a major step in the company’s effort to get its best-selling plane flying again. The Max was grounded

The coronavirus recession is pushing many companies into bankruptcy, a painful process that has led to layoffs, wiped out some investors and hurt the economy. But the chief executives of some of these businesses are doing just fine. Companies that are struggling to pay creditors and suppliers are managing to find millions of dollars to

Already, companies large and small are succumbing to the effects of the coronavirus. They include household names like Hertz and J. Crew and comparatively anonymous energy companies like Diamond Offshore Drilling and Whiting Petroleum. And the wave of bankruptcies is going to get bigger. Edward I. Altman, the creator of the Z score, a widely

SAN FRANCISCO — Even as Facebook grappled this month with an internal revolt and a cascade of criticism over its refusal to take action on President Trump’s inflammatory posts, the social network was actively making other bets behind the scenes. Late one Tuesday, as attention was focused on how Facebook might handle Mr. Trump, the

WASHINGTON — The United States economy officially entered a recession in February 2020, the committee that calls downturns announced on Monday, bringing the longest expansion on record to an end as the coronavirus pandemic caused economic activity to slow sharply. The economy hit its peak in February and has since fallen into a downturn, the

The former president of the United Auto Workers Union, Gary Jones, on Wednesday pleaded guilty to embezzling union funds, becoming the highest-ranking union official to admit wrongdoing in a wide-ranging federal investigation that has involved more than a dozen senior union officials and at least three executives from Fiat Chrysler. Under a cooperation agreement reached

After more than a decade of getting around New York City almost exclusively by subway and bus, Nicole Avallone decided to buy a car in April after watching the rapid spread of the coronavirus. But with dealerships closed in the New York area, Ms. Avallone did something few car buyers are able or willing to

It was late and Martin A. Kits van Heyningen feared he was letting the team down at the company he co-founded, KVH Industries. Rather than lay off workers in response to the coronavirus pandemic, he had decided to cut salaries, and when he emailed a video explaining his decision at 3 a.m. last month, he