Business

As China's ByteDance raced to seal a deal with Oracle Corp and Walmart Inc to keep its video-sharing app TikTok operational in the United States, an apparent breakthrough came last Wednesday in a phone call to U.S. Treasury Secretary Steve Mnuchin.

Wells Fargo & Co Chief Executive Officer Charles Scharf has apologized for making insensitive remarks around race and diversity, seeking to quell a row over his references to a shortage of talent among minority groups.

German prosecutors said on Wednesday they had charged another eight employees of auto maker Volkswagen over the scandal surrounding cheating on diesel engine emission tests.

U.S. airline chief executives and labor leaders redoubled calls on Wednesday for lawmakers to urgently pass another $25 billion in payroll aid, though hopes for a deal this month were dwindling as lawmakers shifted focus to a political battle over a Supreme Court vacancy.

The U.S. Securities and Exchange Commission on Wednesday will finalize new conditions for its whistleblower bounty program, which will result in rewards being issued faster and some rewards rising in value, agency officials said.

The U.S. Securities and Exchange Commission voted 3-2 on Wednesday to make it tougher for shareholders to push companies on issues such as climate change, social justice and diversity, with Democratic commissioners dissenting against the move.