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Ericsson seeks bids for $2bn sale of Iconectiv

Bloomberg Ericsson AB, the communications equipment supplier, has started a sale process for Iconectiv, its US call routing unit, people familiar with the matter said. The telecom infrastructure company is working with an adviser on the potential divestment, the people said, asking not to be identified because the information is private. Bidders include several private equity firms, the people said. ...

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Small firms still in dark on loan forgiveness as clock ticks

Bloomberg Small businesses that struggled to get loans from a government pandemic relief program still don’t know how much they may have to repay after the government missed a deadline to give specific guidance. The US Small Business Administration (SBA) was supposed to clarify by April 26 how loans it approved as part of the Trump administration’s multitrillion-dollar coronavirus stimulus ...

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Trump promises ‘conclusive’ report on virus’s China origins

Bloomberg US President Donald Trump promised a “conclusive” report on the Chinese origins of the coronavirus outbreak, showing relations between the world’s biggest economies are set to remain rocky at least until the next election six months from now. Trump pledged the report in a “virtual town hall” with Fox News, in which he added that he had little doubt ...

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