"China Unicom has chosen Nokia to support the buildout ofits 5G SA Core network in China, marking an expansion of Nokia's existing 4G working relationship with the Chinese communication service provider," Nokia said in a statement, adding the deal corresponded to a 10% share. At the end of April, Nokia's Suri told Reuters in an interview that Nokia had won a 10% share of China Unicom's 5G core network, alongside rivals Huawei and ZTE....
Field Programmable Gate Arrays (FPGAs) -- for its 5G equipment that customers could reprogramme but high costs and supply hurdles last year forced it to change course. "We still stand by the decision of going with FPGAs because it was the right thing to do at that time," Sandro Tavares, Nokia's head of mobile networks marketing, told Reuters. Nokia, which competes with Sweden's Ericsson and China's Huawei [HWT.UL], had said its 5G products could not reach the market in time due to delays by one supplier, identified by analysts as Intel....
Extraction Oil & Gas (XOG) has announced that it has voluntarily filed for petitions for relief under chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware. Shares are now falling 30% in Monday's pre-market trading.“After months of liability management and careful analysis of our strategic options, we determined that a voluntary chapter 11 filing with key creditor support provides the best possible outcome for Extraction,” said Extraction CEO Matt Owens.At the same time, XOG revealed that it has obtained a committed $125 million debtor-in-possession financing facility, with $50 million in new money, up to $15 million of which will become immediately available upon the Bankruptcy Court’s order, and a “roll up” of $75 million of revolving loans under Extraction’s existing revolving credit agreement.The DIP Facility is underwritten by Wells Fargo Bank, National Association and the $50 million in new money is financed by...
Jun.15 -- Retail outlets in England selling non-essential items are opening today for the first time since March, as the government eases restrictions put in place to curb the coronavirus. Kyle Monk of the British Retail Consortium assesses the outlook for the sector in an interview on "Bloomberg Markets: European Open."...
Trailers are often the forgotten element of truck maintenance. However, by implementing better monitoring technology, fleets can get valuable insights to avoid costly downtime incidents and keep trailers contributing directly to the company’s bottom line. ...
(Bloomberg) -- U.S. stock index futures dropped alongside shares in Europe and Asia as worries over a potential second wave of Covid-19 led to deepening concerns over the global economy.Contracts on the S&P 500 declined 3% as of 8:27 a.m. in London. Futures on the Nasdaq 100 Index and Dow Jones Industrial Average fell 2.4% and 3%, respectively. On Friday, U.S. stocks rallied from the biggest rout in 12 weeks as dip-buyers emerged for firms that bore the brunt of Thursday’s selling.“Despite Wall Street stabilizing and finishing the week with a positive session, it appears that the FOMO, fast-money, peak-virus, buy-everything, v-shaped recovery herd remains nervously grazing near the edge of the cliff,” Jeffrey Halley, senior market analyst for Asia Pacific at Oanda, wrote in a note.The Stoxx Europe 600 Index tumbled 2.5%, with cyclical sectors such as miners and oil leading the declines. Equity indexes in Japan, Hong Kong, China,...
