Walgreens Swings to Loss as Pandemic Weighs on Customer Visits 
 

Walgreens Boots Alliance said it filled fewer prescriptions in the U.S. during its latest quarter and demand fell off in its international business as consumers stayed at home due to the spread of the coronavirus.

 
WhatsApp's Business-User Base Grew Tenfold From 2019 
 

The messaging platform WhatsApp said it has more than 50 million users of its business app world-wide each month, a milestone showing progress in Facebook's efforts to generate revenue from the service.

 
American, United Cancel Hong Kong Flights Over Mandatory Crew Testing 
 

The two airlines have temporarily canceled flights to and from Hong Kong after the city said all crew members arriving there would have to undergo Covid-19 tests.

 
SoftBank-Backed Chinese Real-Estate Broker Aims to Raise $3 Billion in U.S. IPO 
 

Beike Zhaofang, a Chinese online property brokerage backed by SoftBank Group, is planning to raise up to $3 billion in an initial public offering in the coming months, according to people familiar with the matter, in what would be the largest listing of a Chinese company in the U.S. in more than two years.

 
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.

 
Investors, Don't Subscribe to Every Twitter Rumor 
 

The company is exploring revenue-generating initiatives that would expand and complement its current advertising business rather than replace it.

 
Amazon Settles Allegations of U.S. Sanctions Violations 
 

The e-commerce giant's screening system allegedly failed to flag transactions with blacklisted customers.

 
Bed Bath & Beyond's New Execs Go Through the Wringer 
 

An army of fresh-faced executives joined Bed Bath & Beyond over the last several months to turn the company around fully knowing they were in for an uphill climb. Last quarter showed them just how steep it will be.

 
Wirecard Under Criminal Scrutiny in Probe of Alleged Bank Fraud 
 

The Justice Department is examining whether scandal-plagued German payment company Wirecard played a critical role in an alleged $100 million bank-fraud conspiracy connected to an online marijuana marketplace, according to people familiar with the investigation.

 
IBM Acquiring Software-Bot Maker WDG Automation 
 

WDG Automation's software, which features artificial-intelligence capabilities, enables businesses to automate workplace tasks. The company, based in São José do Rio Preto, Brazil, has more than 600 prebuilt robotic process automation functions.

(END) Dow Jones Newswires

July 09, 2020 09:15 ET (13:15 GMT)