US Business

An activist investor has pressed the department-store chain to follow the path of Saks Fifth Avenue in spinning off the fast-growing segment. The announcement came as Macy’s posted another quarter of strong sales growth.

Ford said it had entered into a strategic agreement with U.S.-based chip maker GlobalFoundries to develop chips; separately, GM said it was also trying to forge deeper ties with chip makers.

The largest U.S. pharmacy chain said it will close 300 stores a year while adding primary-care offices at certain sites as well as converting more stores into so-called health hubs.

They describe pressure to accept people as surgery candidates and to do dozens of operations a day. The chain says good care is paramount and it leaves all clinical decisions to its surgeons.

Members of United Auto Workers will return to work with raises and bonuses after ratifying a third contract offer and ending a walkout that lasted more than a month.

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.