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Mobile Minutes: Walgreens axes Drugstore.com; Microsoft culls phone business; Baidu?s plunge; Groupon eyes growth

Walgreens Boots Alliance Inc. on Thursday said it is shutting down two websites--Drugstore.com and Beauty.com--five years after acquiring them, a sign of how traditional retailers continue to struggle with online properties.

Microsoft Corp. is more that doubling an earlier job cut plan, part of Chief Executive Officer Satya Nadella?s move to pare the company?s smartphone ambitions.

Baidu Inc. suffered its biggest earnings drop since it went public 11 years ago, after government investigations into the Internet giant?s search and advertising practices led to stricter regulations that hurt its ad business.

Groupon CEO Rich Williams said Thursday the daily deals company is fighting for customers but not for its very survival.