Brooks Brothers, Hurt by Casual Friday and Virus, Files for Bankruptcy
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.
Tech Startups Got Billions in Government Loans
Thousands of venture-backed startups took money from the government's Paycheck Protection Program meant to help small businesses weather the economic hit from the coronavirus pandemic, according to Treasury Department data.
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 is working with the People's Bank of China to test the central bank's fledgling digital currency on its transportation platform, advancing Beijing's effort to digitize the yuan.
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.