News Highlights: Top Company News of the Day
03 June 2020 - 1:30AM
Dow Jones News
Ericsson Emerges as 5G Leader After U.S. Bruises Huawei
The Trump administration's increasingly aggressive effort to
cripple China's Huawei has presented Swedish company Ericsson with
the opportunity to lead the rollout of 5G technology around the
world.
Bain, Cyrus Picked as Top Bidders for Virgin Australia Assets
Australia's No. 2 airline filed for bankruptcy protection after
the coronavirus halted most air travel and drew interest from more
than 10 parties at one point.
Enhanced Healthcare Partners Backs Merger of Medical Staffing Companies
The health care-focused firm is acquiring and merging medical
staffing companies Synergy Surgicalists Inc. and EA Health.
Volkswagen Closes Argo AI Investment
Volkswagen has closed a $2.6 billion investment in Argo AI, in a
move that will facilitate the Pittsburgh-based self-driving
startup's expansion in Europe.
Warner Music, ZoomInfo Poised to Boost IPO Market
The burst of activity comes after months of relative quiet, with
potential issuers scared away by the coronavirus pandemic and
related turmoil. The issues are expected to raise $2.5 billion
combined if the shares price at the midpoints of their target
ranges.
Cybersecurity Startups Feel Pinch on Funding and Sales
Venture capital is still flowing, but deals take longer and
sometimes result in less investment.
Rental-Apartment Operator Greystar Bulks Up
Greystar Real Estate Partners said it is acquiring a business
that manages nearly 130,000 housing units, a deal that extends
Greystar's position as the country's largest operator of rental
apartments.
Pandemic to Jumpstart Spending on Data Tools at Manufacturers
Being able to monitor production remotely during the pandemic
has made the case for even more data capabilities.
New Computer Chips Could Power AI to Next Level
A generation of computing chips designed specifically for
artificial intelligence could enable a host of new applications for
the technology.
Facebook Employees Stage Virtual Walkout Over Handling of Trump Posts
The action marks opposition to Mark Zuckerberg's decision to
allow a post from President Trump about the recent social unrest
that they believed violated the company's rules about inciting
violence.
(END) Dow Jones Newswires
June 02, 2020 11:15 ET (15:15 GMT)
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