US Business

ByteDance Chief Executive Zhang Yiming is stepping down from his role to focus on long-term strategy. He will be succeeded by co-founder Liang Rubo.

The software giant said its Internet Explorer 11 desktop application, the current version, will no longer be supported starting June 15 of next year.

David Zaslav is expected to run the newly combined media firm, and received the award as part of a new employment contract.

Joseph Blount told the Journal that he authorized the payment because executives were unsure how badly the cyberattack had breached its systems or how long it would take to bring the pipeline back.

Evergrande founder Xu Jiayin hasn’t sold any cars yet and his real-estate empire is groaning with debt. But his electric vehicle startup recently notched an $87 billion market cap.

The telecom giant’s media retreat will pare debt and focus spending on competition with a newly empowered T-Mobile.

Cargo ships have been delivering their loads later than ever this year, adding to the supply-chain woes that are undercutting efforts by retailers and manufacturers to capitalize on resurgent economic demand.

AbbVie’s pricing practices for some of its top-selling medicines faced fresh scrutiny from federal lawmakers Tuesday, the latest effort by members of Congress probing the cost of prescription drugs.

The home-improvement retailer’s same-store sales rose 31% in latest quarter as growth in demand that began with the pandemic continued into 2021.

The retail giant said comparable sales rose 6% in the spring quarter compared with the same period last year. U.S. e-commerce sales rose 37%, the slowest online growth since the coronavirus outbreak.