Many business activities are reported in newspapers. News stories can be used to identify companies which have merged, been acquired, survived strikes, filed for bankruptcy, etc.
News stories are the most up to date information on current events.
That currency comes with the price that in the rush to publish first they are not always well researched. When using news stories as a source it is particularly important to cross check your facts. Some professors will not accept news stories as part of the bibliography of a scholarly paper. Ask your professor for guidelines on when they are acceptable. It covers domestic and foreign news.