Initial U.S. unemployment claims remain at historically high levels. (WSJ)
Hurricane Laura appeared to narrowly miss the heart of America’s fuel-making and chemicals infrastructure along the Gulf Coast. (WSJ)
Nordstrom says extremely lean inventory was partly behind a 53% drop in sales in the quarter ending Aug. 1. (WSJ)
Some storefronts remain boarded up in several U.S. cities, even in places that haven’t seen significant civil unrest since early June, in part because of delays in glass shipments, building owners say. (WSJ)
Surging laptop sales helped HP overcome a 20% quarterly drop in the company’s main office printing business. (WSJ)
Dollar Tree expects growing joblessness and expiring extra unemployment benefits will spur demand at the discount retailer. (WSJ)
Walmart is joining Microsoft’s pursuit of TikTok’s U.S. operations. (WSJ)
Global spending on artificial intelligence is expected to double in the next four years, reaching $110 billion. (WSJ)
Rolls-Royce will seek to raise $2.6 billion by selling assets after losing $7.1 billion in the first half of the year. (Financial Times)
Apple supplier Japan Display is selling a smartphone screen factory to Sharp for $377 million. (Nikkei Asian Review)
Lord & Taylor is closing its remaining department stores and liquidating the business. (CNN)
Walmart says it’s on track to meet its goal for greenhouse gas emissions reductions by 2030. (Bloomberg)
Amazon opened its first separate Fresh grocery store in Los Angeles. (Reuters)
Cosco Shipping is selling part of its ownership stake in China International Marine Containers. (Journal of Commerce)
Tanker operator Frontline’s second quarter profit soared to $199.7 million as revenue doubled from a year ago. (Lloyd’s List)
Online freight broker Convoy named former Expedia executive Mark Okerstrom president and chief operating officer. (DC Velocity)
Truckload carrier U.S. Xpress says half its office workers may continue to work from home after pandemic restrictions ease. (Chattanooga Times Free Press)
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