News Highlights: Top Company News of the Day
Brooks Brothers Files for Bankruptcy Protection
Brooks Brothers, which dressed the American business class in
pinstripes for more than 200 years, survived two world wars and the
shift to casual dressing. But it was no match for the coronavirus
Walgreens to Open Doctors' Offices at Its U.S. Stores
Walgreens Boots Alliance, hit by slowing profits from
prescription drugs, will attach doctors' offices to hundreds of
drugstores as the pharmacy chain seeks to remodel itself as a
KKR to Buy Global Atlantic Financial Group for Around $4 Billion
Private-equity giant KKR agreed to buy the retirement and life
insurance company Global Atlantic Financial Group in a deal that
will boost the company's assets under management.
China's Ride-Hailing Giant Didi to Test Beijing's New Digital Currency
Didi said it had entered into a strategic partnership with the
central bank's Digital Currency Research Institute to carry out
research and test the application of the new currency.
Apple in a Pickle
Wall Street is so over the moon about Apple's next iPhone that
few seem to care when it will actually arrive.
Omnicom Plans $20 Million in Podcast Ads on Spotify
Omnicom Media Group is increasing its podcast investment now
partly because audiences continue to grow and partly because
technology is making the ads more targetable and measurable.
Facebook Is Doing Too Little on Civil-Rights Concerns, Auditors Say
The social-media giant has been too reactive and slow in
addressing hate speech, voter suppression and other problematic
content on its platform, according to a report from lawyers hired
by the company.
Allstate to Buy Rival Insurer National General for $4 Billion
Allstate says the all-cash deal will help boost its business in
the personal property-liability sector.
Deutsche Post Updates Outlook After Strong Earnings
Deutsche Post said it expects operating earnings of up to EUR3.8
billion for the year, after the logistics company reported a 16%
rise in second-quarter profit.
Traton Replaces its CEO
Traton has appointed a new Chief Executive, with incumbent
Andreas Renschler to stand down on July 15.
(END) Dow Jones Newswires
July 08, 2020 09:00 ET (13:00 GMT)
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