Sony's Results Get Boost From Videogame Boom

Sony's sales and operating profit in the latest quarter were roughly flat compared with a year earlier, despite red ink from lower TV and stereo sales, as videogame players flocked to its subscription service and downloaded more game updates.

 
Ford Names Jim Farley New CEO, Succeeding Jim Hackett

Ford Motor Chief Operating Officer Jim Farley will take over as chief executive, succeeding Jim Hackett, who will retire after more than three years of a turnaround effort that has yet to lift profits.

 
Google's $2.1 Billion Fitbit Deal Faces Troubles in Europe, Australia

The tech giant's plan to buy health-tracker Fitbit faces months of delays after the European Union's antitrust enforcer launched an in-depth inquiry, echoing recent concerns raised by Australian regulators.

 
KKR Reports Second-Quarter Profit Amid Financial-Market Recovery

The result marked a rebound for the asset-management company after it logged a large first-quarter loss.

 
BP Reports $17.7 Billion Loss, Cuts Dividend

BP cut its dividend for the first time in a decade and outlined plans to pivot away from oil and gas and invest more in low carbon energy-marking one of the most dramatic energy-transition plans among its oil major peers.

 
Bayer Swings to Net Loss on Roundup Settlement Deal

Bayer said it swung to a net loss of $11.23 billion in the second quarter on provisions for its multibillion-dollar settlement with plaintiffs alleging the company's Roundup herbicides cause cancer, as the German firm slightly lowered its outlook due to the coronavirus pandemic.

 
Diageo's Alcohol Sales Rise in North America but Fall Elsewhere

Johnnie Walker-maker Diageo reported a sharp drop in sales for the year as higher alcohol sales in North America failed to make up for slumps in most other countries caused by the pandemic.

 
IgGenix Gathers $10 Million for Allergy Treatments

Biotechnology startup IgGenix has raised $10 million in Series A financing to pursue a goal of providing new treatments for allergic reactions to foods and other substances.

 
Pinterest's Potential Comes Into Focus

While the pandemic has weakened global ad budgets, Pinterest shares are riding the e-commerce wave to new highs.

 
RBC Seeks to Pump Up Its AI Models With a New Platform

Its new AI private cloud can analyze more than 13 million client records in under 20 minutes, the bank says.

(END) Dow Jones Newswires

August 04, 2020 11:00 ET (15:00 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.