Business

Baker Hughes Co. is bracing for a second wave of pandemic-induced lockdowns after the virus crippled economic activity around the world and compounded a historic oil bust.

Walls are up enclosing Volkswagen’s new $800 million electric vehicle production site in Chattanooga, Tenn., as factory equipment is shipped in for installation, an official says.

Canadian National Railway is the latest Class I railroad to feel the impact of the COVID-19 pandemic.

The Department of Defense has re-awarded a $7.2 billion household goods moving contract just two weeks after it had pledged to take corrective action on the contested award by two competitors.

Americans stepped up their home purchases in June by a robust 20.7% after the pandemic had caused sales to crater in the prior three months. But the housing market could struggle to rebound further in the face of the resurgent viral outbreak and a shrinking supply of homes for sale.

Tesla Inc. lowered the deposit that buyers in China have to put down on its cars, seeking to keep sales momentum in the face of intensifying competition and reductions in the government’s electric-vehicle subsidies.

SACRAMENTO, Calif. — Attorneys general in 20 states and the District of Columbia sued the Trump administration July 21, alleging that new federal rules undermine their ability to protect rivers, lakes and streams within their borders.

The Mississippi Transportation Commission has awarded contracts for 18 infrastructure projects.

U.S. aviation regulators announced an important milestone in returning Boeing Co.’s grounded 737 Max jet to service, an event one person familiar with the process said would happen no earlier than October.