Facebook Bans Large Segment of Boogaloo Movement 
 

Facebook has classified a large segment of the boogaloo movement as a dangerous organization and banned it from its network, in the tech company's broadest move yet against the group.

 
FedEx Reports Better-Than-Expected Revenue as Residential Deliveries Surge 
 

FedEx said Christmas-like levels of online shopping boosted its business, and it is seeing tentative signs that the global economy is recovering from the coronavirus pandemic.

 
FCC Designates Huawei and ZTE as National Security Threats 
 

The U.S. Federal Communications Commission said it designated Huawei Technologies and ZTE as national security threats.

 
EQT Sets EUR12.5 Billion Goal for Its Fifth Infrastructure Fund 
 

The firm's next infrastructure pool would be its biggest yet and follows a record year for infrastructure fundraising in 2019.

 
Airbus Plans to Cut 15,000 Jobs, Citing Impact of Coronavirus 
 

Airbus said it would cut 15,000 jobs across its commercial aircraft division, the biggest restructuring in the planemaker's history, citing what it expects to be the Covid-19 pandemic's yearslong impact on the aviation sector.

 
Cirque du Soleil Eyes Mid-August Deadline to Resolve Ownership Spat 
 

Cirque du Soleil Entertainment Group is targeting a mid-August deadline to select a winning bidder for the business and put to rest an ownership feud between secured creditors and top shareholder TPG.

 
Apple's Virtual Event Gives Hope for Online-Only Conferences in Covid-19 Era 
 

The reviews are in for Apple Inc.'s first-ever online-only software conference: Virtual tech conferences can work.

 
Aeromexico Files for Chapter 11 Bankruptcy Protection 
 

Mexican airline company Grupo Aeroméxico said it has filed for voluntary restructuring under chapter 11 of the U.S. bankruptcy code to confront the crisis brought on by the coronavirus pandemic.

 
Inovio Reports Positive Early-Stage Trial Results for Covid-19 Vaccine 
 

The drugmaker reported positive preliminary results from the first-phase trial of its vaccine candidate for the new coronavirus, citing good indications regarding the vaccine's safety and potential to protect against the virus.

 
Banks Face Increasing Compliance Risks, OCC Says 
 

The coronavirus pandemic has forced some financial institutions to reduce staff or reassign personnel at a time when applications for government relief programs are flooding in, heightening banks' compliance risks, the Office of the Comptroller of the Currency said.

(END) Dow Jones Newswires

June 30, 2020 21:15 ET (01:15 GMT)

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