Medline Deal Signals Return to Days of Huge Leveraged Buyouts

Private-equity firms, tasked with putting over a trillion dollars to work, had largely shied away from the biggest deals-until now. 


 
Crown's Perth Casino Investigated for Potential Money Laundering

Australian casino operator Crown Resorts Ltd. said another of its casinos is being investigated by Australian authorities over potentially serious breaches of anti-money-laundering laws. 


 
Chinese Internet Regulators Investigate Startup After Tiananmen Square Anniversary Post

Xiaohongshu's Weibo account was blocked after a message was posted on June 4, the 32nd anniversary of the Tiananmen Square crackdown. 


 
AT&T, Verizon Push Free iPhones for Customers

U.S. cellphone carriers are offering deep discounts on new smartphones to defend their customer base, in deals that come with long-term commitments. 


 
Microsoft's Bing Temporarily Blocked Searches of Tiananmen Square 'Tank Man' Image

Searches for "Tank Man," a politically sensitive image in China linked to the 1989 Tiananmen Square massacre, were temporarily blocked on Microsoft's Bing search engine in what the company called "accidental human error." 


 
Ackman SPAC Mystery Solved, but New Questions Abound

William Ackman ended one of the biggest guessing games on Wall Street by unveiling his $40 billion deal with Universal Music, but a new one begins as investors puzzle over the transaction. 


 
Pentagon Envisions Using Cargo Rockets

The military has revived plans to use commercial rockets such as those being developed by SpaceX to deliver supplies to military hot spots. 


 
AstraZeneca Taps Alexion Executive for CFO Job

AstraZeneca appointed an Alexion Pharmaceuticals executive as its new finance chief as the Covid-19 vaccine maker works to complete the acquisition of the company. 


 
Facebook Suspends Trump for Two Years

The company said it would revisit the decision two years from the date of its initial move to suspend him on Jan. 7. 


 
Two Big U.S. Banks to Resume Campaign Donations

JPMorgan said it wouldn't give money to Republican lawmakers who challenged the election of President Joe Biden while Citigroup said it wouldn't ban donations to those Republicans.

(END) Dow Jones Newswires

06-06-21 2115ET