US Business

The head of Sony’s gaming console business told employees the company has asked the videogame giant how it will address a Journal article about its chief executive’s handling of sexual-misconduct accusations.

Revenue reached $7.1 billion despite a continuing chip shortage that has dented the ability of some companies to keep pace with demand.

In a letter to FTC Chair Lina Khan, President Biden alleged that there is “mounting evidence of anti-consumer behavior by oil-and-gas companies.”

The company had staked its future growth on Zillow Offers, its business to flip homes using computer-based market predictions. Getting the algorithm right proved to be difficult.

Rogers Communications, Canada’s third-largest telecommunications company, said Chief Executive Joe Natale had left and was being replaced on an interim basis by former finance chief Tony Staffieri.

Home Depot’s sales in the latest quarter increased 9.8% year over year to $36.82 billion, despite supply-chain challenges that have disrupted many retailers.

Testing found Pfizer’s pill to be 89% effective at reducing the risk of hospitalization and death from Covid-19 when taken soon after diagnosis.

Walmart’s comparable sales jumped 9.2% in the latest quarter and the retailer says it has plenty of inventory despite global supply-chain problems.

The top executive didn’t inform the board of directors about some reports, including alleged rapes. The company is facing multiple regulatory investigations.

Ohio’s attorney general is suing Meta Platforms, alleging it misled the public about how it controlled its algorithm and the effects its products have on children.