Amazon's Planned Purchase of MGM to Be Reviewed by FTC

WASHINGTON—The Federal Trade Commission will be the agency to review Amazon . com Inc.’s proposed acquisition of Hollywood studio MGM, according to people familiar with the matter, just as the commission gets a new chairwoman who has been critical of the online

U.S. Airports to Get $8 Billion to Help Pay Bills

U.S. airports are set to receive $8 billion in government grants to help them emerge from the coronavirus pandemic that decimated travel last year. Air travel is returning, but airports say they are still grappling with lower traffic volumes, high debt payments

McDonald's Introduces Customer-Loyalty Program

McDonald’s sales have been buoyed by drive-through business and a focus on menu staples. Photo: Ron Adar/Zuma Press June 22, 2021 11:41 am ET McDonald’s Corp. MCD 0.68% said it is rolling out a loyalty program nationally next month, the latest restaurant

Nonbank Lenders Are Dominating the Mortgage Market

Americans took out more mortgages than ever before in 2020. Most of them didn’t come from banks. Nonbank mortgage lenders in the U.S. issued 68.1% of all mortgages originated in 2020, up from 58.9% in 2019, according to industry research firm Inside

U.S. Existing-Home Prices Hit Record High in May

The median home price topped $350,000 for the first time in May as a shortage of properties and low interest rates drove double-digit monthly increases this spring. The sharp increase in existing-home prices kept more buyers on the sidelines, contributing to the

LinkedIn Accounts of Scholars in China Blocked

SINGAPORE—Eyck Freymann, an Oxford University doctoral student, was surprised to get a notice from LinkedIn this month telling him his account had been blocked in China. The “Experience” section of his profile, which detailed his career history, contained “prohibited” content, he was

Amazon Could Use Less Prime Time

Prime Day has long been about more than Amazon AMZN -0.94% just keeping itself busy over the slow summer. But this may be an inopportune time for the e-commerce titan to fuel its famous “flywheel.” Amazon kicked off its two-day annual sales

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