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 pandemic.

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 health-care provider.

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)

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