The recovery in U.S. services-sector activity gained momentum last month as fresh coronavirus restrictions weighed on European and Asian businesses. (WSJ)
U.S. passenger airlines are pulling away from hub-and-spoke operations as they operate reduced schedules. (WSJ)
Alibaba will take a stake in Swiss duty-free travel retailer Dufry and form a joint venture with the company in China. (MarketWatch)
E-commerce fulfillment company Darkstore is pulling its retail clients together in a single consumer-facing app promising two-hour delivery. (WSJ)
Pharmaceutical supplier Bristol Myers Squibb will buy heart-drug supplier MyoKardia in a $13.1 billion deal. (WSJ)
India’s Reliance Retail Ventures raised $3.4 billion over the past week to back its planned e-commerce expansion. (Nikkei Asian Review)
An investigative report says Amazon fulfillment center workers suffer injuries at greater rates than the industry average. (RevealNews)
Industrial equipment giant Caterpillar is buying Scottish engineering business Weir Group. (Financial Times)
Key Navistar International investors are seeking $50 a share to sell the truck maker to Volkswagen, which is offering $43 a share. (New York Post)
Swedish autonomous-vehicle maker Einride raised $10 million in new funding from existing investors. (VentureBeat)
Modular building-construction specialist Skender Manufacturing is shutting down. (Construction Dive)
Spot rates for large capesize bulk carriers reached the highest point since September 2019. (Lloyd’s List)
Sea-Intelligence says container line schedule reliability reached its lowest point in August in records dating to 2011. (Splash 247)
Germany’s SAL Heavy Lift bought U.S. project cargo specialist Intermarine. (ShippingWatch)
Canadian National and Canadian Pacific railways both hauled record grain volume in the third quarter. (Canadian Press)
T.J. Maxx and Marshalls stores owner TJX plans to put a $150 million distribution center in El Paso, Texas. (El Paso Times)
Amazon is acquiring a site in Lafayette, La., for a proposed fulfillment center. (Acadiana Advocate)
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