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The former head of a key subsidiary of Wirecard, who was arrested earlier this month, has admitted wrongdoing to prosecutors for his role in a multi-billion-euros fraud, his lawyer said on Thursday. It is the first known confession of wrongdoing in the collapse of one of Germany's biggest companies. The unidentified jailed executive was the chief executive officer of Dubai-based Cardsystems Middle East....
The news comes as a fresh blow to California's largest utility that emerged from bankruptcy earlier this month, marking an end to a long-drawn restructuring process that began after its equipment sparked some of the deadliest wildfires in the state. Responding to the finding, Pacific Gas and Electric Co said it did not have access to the investigative report or the evidence Cal Fire has collected at this time....
(Bloomberg) -- A top-performing Intel Corp. supplier in Singapore is set to continue its winning streak in the stock market as it benefits from emerging trends in the semiconductor industry.AEM Holdings Ltd. -- a chip-testing equipment provider that counts the U.S. tech giant as its main customer -- has surged 53% this year to become the top performer in the 107-member FTSE ST All-Share Index, the broadest measure for Singapore stocks. All four analysts covering the stock have an equivalent of a buy rating on it, and on average expect it to gain about 19% over the next 12 months, according to data compiled by Bloomberg.This puts it in the running to be the best performer on the index for four of the past five years, as Intel further expands into data centers, autonomous vehicles and next-generation technology. And as pandemic-induced remote working arrangements become more commonplace, demand for chips is...
A look at the shareholders of Mesoblast Limited (ASX:MSB) can tell us which group is most powerful. Generally......
(Bloomberg) -- Less than a month after emerging from bankruptcy triggered by a string of devastating wildfires in 2017 and 2018, PG&E Corp. has now been found responsible for California’s biggest blaze of 2019.The California energy giant’s power lines sparked the Kincade fire which burned 77,758 acres and destroyed 374 structures in Sonoma County wine country, the California Department of Forestry and Fire Protection, said Thursday.Investigators have sent a report on the incident to the Sonoma County District Attorney’s Office, only a month after PG&E pleaded guilty to 84 counts of involuntary manslaughter for a 2018 conflagration that was the most deadly in state history.Brandon Gilbert, an assistant to Sonoma County District Attorney Jill Ravitch, said his office recently received the reports and will start reviewing them. PG&E said it doesn’t have access to Cal Fire’s report or the evidence it collected.“We look forward to reviewing both at the appropriate time,”...
