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.

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.

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.

Music Labels Suspend Work in Support of Demonstrations 

Musicians and entertainment executives are encouraging workers to take Tuesday as a chance to reflect on racism in the country, in some cases even if that means taking off work.

CEOs and Big Businesses Speak Out on Racism, Police Violence 

Business leaders are speaking out about social injustice and racial inequality in the wake of George Floyd's death at the hands of police and the protests in more than 100 U.S. cities the fatal event has sparked.

Stitch Fix to Lay off About 1,400 Employees in California 

Stitch Fix, a personal-shopping service and clothing retailer, notified its roughly 1,400 California-based stylists Monday, or about 18% of its total staff, that they will be losing their jobs.


(END) Dow Jones Newswires

June 02, 2020 07:15 ET (11:15 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.