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 than expected.

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 world.

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 deadline

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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