Business

Freight trains could help decongest the Port of Long Beach

The Port of Long Beach, the Utah Inland Port Authority, and Union Pacific Railroad announced a new partnership aimed at rapidly evacuating cargo from terminals in Long Beach to Salt Lake City for further distribution throughout western states.

Construction demand drives Caterpillar sales

Construction demand drove third quarter sales higher at Caterpillar as did rising demand from miners and other heavy industry as the global economy emerges from the pandemic.

Blackstone buying majority stake in Spanx

Blackstone Inc. is buying a majority stake in Spanx Inc., becoming the first outsider to put money into a company that revolutionized women’s shapewear.

Activision Blizzard fired 20 employees following harassment claims

Videogame publisher Activision Blizzard Inc (ATVI.O) said on Tuesday it had fired more than 20 employees following allegations of sexual harassment and discrimination at the workplace, with 20 more individuals facing other forms of disciplinary action.

Gores Guggenheim SPAC nears deal to combine with Polestar

Polestar is nearing a deal to go public through a merger with a special-purpose acquisition company that would value the Swedish electric vehicle maker at $21 billion, according to people familiar with the matter.