Austria’s AMS aims for domination agreement with Osram
Austrian sensor specialist AMS made clear on Monday that it aims to secure a so-called domination agreement with Osram to allow it to use the lighting group’s cash flow to pay back debt.
New Renault CEO de Meo will be much better paid than predecessor
French carmaker Renault will grant its new chief executive, Luca de Meo, a pay package of around 5.8 million euros ($6.33 million), which is an increase of nearly 57 percent of what his predecessor was awarded last year.
Nasdaq hits new high as investors look beyond coronavirus
Wall Street gained ground and the Nasdaq reached a new record on Monday as Chinese workers and factories slowly returned to business following a Lunar New Year holiday that was extended due to the deadly coronavirus outbreak.
Deutsche Bank to issue at least $1 billion in AT1 securities
Deutsche Bank said on Monday it would issue at least $1 billion in Additional Tier 1 (AT1) securities as the bank manages its regulatory capital requirements.
U.S. appeals court denies Apple bid for rehearing in VirnetX patent case
A U.S. appeals court on Monday denied a request by Apple Inc that it reconsider a decision upholding a finding Apple iPhones infringed VirnetX Holding Corp patents relating to secure communications technology.
Apple’s main iPhone maker Foxconn to resume some Chinese production: source
Apple’s main iPhone maker Foxconn got the green light on Monday to reopen two major plants in China closed because of the coronavirus and aims to resume production even though only 10% of the workforce has returned so far, a source told Reuters.
Oil hits 13-month low on weak Chinese demand, traders eye OPEC+ cuts
Oil prices fell to their lowest since January 2019 on Monday on weaker Chinese demand in the wake of the coronavirus outbreak and as traders waited to see if Russia would join other producers in seeking further output cuts.
Nissan to request Ghosn repay compensation received from Dutch venture: source
Nissan informed a Dutch court on Monday that it would request that former boss Carlos Ghosn repay the compensation he received from its Dutch-based joint venture with Mitsubishi , a source close to the Japanese carmaker said.
Wall Street higher on U.S. growth optimism; Nasdaq hits record
Wall Street resumed its rally from last week, with the Nasdaq hitting a record high on Monday, as a recent batch of strong domestic economic data and largely upbeat earnings overshadowed fears about the impact of the coronavirus epidemic on global grow…
Amazon wants Trump to testify on ‘order to screw Amazon’ in Pentagon deal
Amazon Web Services said on Monday it was seeking to depose President Donald Trump and Defense Secretary Mark Esper in its lawsuit over whether the president was trying “to screw Amazon” when the Pentagon awarded a contract for cloud computing to rival…
