Bloomberg Business

The Biden administration is making up to $12 billion available for automakers to retrofit their facilities to make electric vehicles and hybrids.

3M Co. has agreed to pay $6 billion to resolve hundreds of thousands of lawsuits alleging it sold defective earplugs to the US military that led to hearing damage for combat troops.

Hong Kong is closing down its $5 trillion stock market along with the city as the Asian financial hub prepares for a possible direct hit by Super Typhoon Saola, which could be the strongest storm to hit the city in at least five years.

Alphabet Inc.’s Google told a federal court Thursday that it should be allowed to interview the Justice Department’s top antitrust official under oath, alleging his “deep-seated bias” against the company led the federal government to sue it for antitrust violations.

Australia is expected to reduce its forecast for the upcoming wheat harvest as hotter conditions bake growing areas, a blow to buyers such as China which may need more imports after rain damaged its crop.

China moved to allow its largest cities to cut down payments for homebuyers and encouraged lenders to lower rates on existing mortgages in its latest attempt to halt a slide in the country’s residential property market.

Binance is accelerating a move away from its exchange-branded stablecoin by offering incentives for customers of the world’s biggest crypto-trading platform to convert their holdings into alternatives.

Lululemon Athletica Inc. lifted its full-year outlook as it takes business from competitors and defies the broader retail slump.