U.S. Solar-Energy Company Sunrun to Buy Rival Vivint 
 

Sunrun, which overtook Tesla to become the U.S.'s top installer of residential-solar systems, agreed to buy Blackstone-backed Vivint in all-stock deal valued at about $3.2 billion including debt.

 
Google, Facebook and Twitter Suspend Review of Hong Kong Requests for User Data 
 

Google, Facebook and Twitter are among tech companies that have suspended processing requests for user data from Hong Kong law-enforcement agencies following China's imposition of a national-security law on the city.

 
TikTok to Exit Hong Kong After China's New National-Security Law 
 

TikTok, the buzzy short-video platform owned by Chinese technology giant Bytedance, said it would pull out of Hong Kong within a week in light of "recent developments" in the city.

 
Chinese Developer Fails to Repay Bondholders 
 

Shenzhen-listed Tahoe Group said it was hit by a property downturn worsened by the coronavirus and didn't repay yuan bonds worth about $214 million.

 
Eni to Book EUR3.5B in Writedowns 
 

Italy's Eni expects to book EUR3.5 billion in impairment charges after the energy giant lowered its outlook for oil and gas prices.

 
Small Business Loans Helped the Well-Heeled and Connected, Too 
 

Congress designed the Paycheck Protection Program to help small businesses hit by the pandemic, but its $521 billion in loans also went to major law firms, wealth managers and politically connected companies.

 
Palantir, One of Silicon Valley's Oldest Startups, Files to Go Public 
 

Palantir Technologies said it has confidentially filed paperwork with the Securities and Exchange Commission to go public, ending an extended wait that made the data analytics company one of Silicon Valley's oldest private startups.

 
SiriusXM to Buy Stitcher Podcasting Unit From Scripps 
 

Sirius XM Holdings is near a deal to buy the Stitcher podcasting unit from E.W. Scripps for around $300 million, according to people familiar with the matter.

 
Nokia, Hurt by Costly 5G Chip Mistake, Struggles to Catch Huawei 
 

In the global race for 5G supremacy, Nokia bet big on the wrong computer chip. Now the Finnish giant is trying to make up market share lost to competitors, including China's Huawei.

 
Samsung Estimates a 22.7% Rise in Second-Quarter Operating Profit 
 

Samsung Electronics Co. forecast a 22.7% rise in second-quarter operating profit, as some components manufacturers ride out the coronavirus pandemic by servicing a boom in internet use fueled by remote working.

(END) Dow Jones Newswires

July 07, 2020 07:00 ET (11:00 GMT)