Facebook Takes Down a Network of Accounts Tied to Roger Stone

Facebook said it had removed a network of more than 100 pages and accounts linked to Roger Stone, the longtime confidant of President Trump, because it violated company rules against coordinated inauthentic behavior.

 
Costco's Shares Rise as Sales Jump in June

Shares of Costco Wholesale rose in after-hours trading after the company posted an increase in sales in June as consumers stockpiled items during lockdown measures in response to the coronavirus pandemic.

 
Twitter Signals Interest in Developing Subscription Service

The social-media company has a team working on a subscription service that could give it a new revenue source as it faces pressure to boost earnings..

 
Bed Bath & Beyond to Close 200 Stores

Retailer posts 49% drop in quarterly sales after coronavirus temporarily closed most of its stores.

 
GM's Suit Against Rival Fiat Chrysler Quashed by Federal Judge

In a lawsuit, GM had accused its rival auto maker of bribing union officials to gain an advantage on its labor costs.

 
Fed's $600 Billion Lending Program Will See More Interest If Economy Slumps, Official Says

The Federal Reserve's $600 billion lending program for medium-size businesses hasn't attracted much interest yet, but that is likely to change if the U.S. economy takes a turn for the worse amid rising coronavirus cases, said the official who runs the program.

 
United Warns It May Cut Almost Half Its U.S. Workforce

United Airlines said it could be forced to shed almost half its U.S. workforce, telling 36,000 employees that they could be furloughed from Oct. 1 because of the pandemic-driven slump in passenger demand.

 
YRC Lenders Agree to Extend Trucker's Debt Terms

YRC Worldwide's lenders gave the troubled trucker a three-and-a-half year reprieve on its heavy debt load as the company prepares for a $700 million federal bailout package.

 
Dan Gilbert Will Keep Voting Control at Quicken Loans Parent After IPO

Detroit businessman and Cleveland Cavaliers owner Dan Gilbert spent the past 35 years building Quicken Loans into a mortgage lending giant and an extension of his personal brand. That won't stop when the company goes public.

 
Disney World Set to Reopen With Capacity Limits, Strict Rules

Walt Disney is counting on die-hard fans to weigh the risks of traveling amid the pandemic and head to its flagship theme park in Orlando. It will begin opening Walt Disney World in phases starting Thursday, in the most crucial test yet of its ability to resume operations while keeping consumers safe.

(END) Dow Jones Newswires

July 08, 2020 19:00 ET (23:00 GMT)

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