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News Highlights: Top Company News of the Day

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06/02/2020 | 11:16am EDT
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.


Stocks mentioned in the article
ChangeLast1st jan.
ERICSSON AB 1.15% 86.46 Delayed Quote.6.01%
FACEBOOK 0.23% 245.07 Delayed Quote.19.40%
THE LEAD CO., INC. -1.71% 345 End-of-day quote.-11.54%
THE NEW HOME COMPANY INC. 2.16% 3.31 Delayed Quote.-28.97%
VOLKSWAGEN AG 3.23% 139.98 Delayed Quote.-20.57%
WORLD CO., LTD. -5.40% 1420 End-of-day quote.-47.23%
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