News Highlights: Top Company News of the Day
Neiman Marcus Denies Breaching Terms of Deutsche Bank Loan
The department-store chain denied violating the terms of a loan
from top-ranking lender Deutsche Bank, saying it has $100 million
more cash on hand than projected because sales have been better
Zoom Lifts Full-Year Sales Outlook as Coronavirus Boosts Demand
The company's sales more than doubled in the first-quarter, as a
surge in users working remotely during the coronavirus pandemic
turned the video-chat app into one of the go-to tools for people
quarantined at home.
Mall Owner CBL Misses Debt Payment, Seeks Renegotiation
Mall owner CBL & Associates Properties said it failed to
make an interest payment of $11.8 million to bondholders on Monday,
becoming the first major retail landlord during the coronavirus
pandemic to take this step toward a bond default.
Facebook's Zuckerberg Defends Decision to Leave Trump Posts Alone
Facebook's Mark Zuckerberg, addressing employees Tuesday,
defended his decision to preserve posts on the platform by
President Trump despite mounting outrage from insiders and civil
rights activists that one of his messages last week was tantamount
to a call for violence.
Gold's Gym to Check for Higher Bids at Auction
The chain is putting its gyms on the bankruptcy auction block,
with bids starting at about $80 million.
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
China's BYD Gets Extension on $1 Billion California Mask Deal
BYD, a Chinese electric-car maker turned mask producer, said it
had secured a second reprieve on a troubled $1 billion deal to sell
N95 masks to the state of California after missing a Sunday
Customers Return to Campbell's Soup
For Campbell, the coronavirus pandemic has accomplished what
years of corporate strategy could not: get customers back to
stocking their pantries with the company's iconic red-and-white
cans of soup.
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.
(END) Dow Jones Newswires
June 02, 2020 19:15 ET (23:15 GMT)
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