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Today's companies news: Amazon, Huawei, Moncler, Fiat Chrysler…

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12/05/2019 | 10:31am EST

The investigation into Amazon.com's dominant position could be extended to AWS, while Huawei fights in US courts. Rumors are resuming this morning with the hypothesis of a takeover of Moncler by Kering


Huawei goes to court. Huawei launched a complaint against the US telecoms regulator because it has decided to exclude it from a US federal fund to help rural areas develop their telecommunications infrastructure.

AWS in the spotlight. The investigation into Amazon.com's dominant position could be extended from its market activity to its presence on servers, Bloomberg revealed last night. The US FTC would therefore also target AWS, the group's powerful cloud division, whose revenues are expected to approach $35 billion in 2019. None of the protagonists wished to comment at this stage, but the omnipresence of AWS makes this information very credible.

Moncler at Kering's? What if consolidation accelerated in luxury at the end of the year? After the agreement reached by LVMH to acquire Tiffany, Kering reportedly has set its sights on Moncler, according to Bloomberg. The brand is worth €10 billion on the stock market. Speculation (slightly) waned in the middle of the day when Moncler's CEO and shareholder indicated that no concrete approach is underway.

Mamma mia mia! The Italian tax authorities believe that Fiat Chrysler underestimated the value of its US assets by €5.1 billion as part of the 2014 merger, which could result in a tax arrears of €1.3 billion. This will be taken into account in the merger negotiations with Peugeot. In its quarterly report, the Italian-American group had indicated that the audit of the transalpine authorities was likely to result in a significant tax adjustment, even if it considered that it had complied with the rules in force. An agreement could be reached.

Rumor in the car. Aston Martin is up 8% in London to GBp 544.20 after revelations from Autocar.co.uk and Racefans.net that billionaire Lawrence Stroll is raising funds to take control of the legendary brand, which is struggling to regain its cruising speed.

Batteries in Ohio. General Motors and LG Chem are expected to establish a joint venture in automotive batteries in Ohio. It was Reuters that obtained the information, prior to the official signing of the agreement, which is expected to take place today. The plant will require more than $2 billion in investments, paid equally by the two companies. A site has been identified in the suburbs of Lordstown.

The takeover bid is launched. Novartis launched its friendly offer at USD 85 per share for the American company The Medicines, for a total cost of USD 9.7 billion. Unless extended, the takeover bid must close on 3 January inclusive.

In other news. Instagram (Facebook) wants to prevent people under 13 from registering. Flir Systems will supply robots to the US military for dangerous tasks under a contract of up to $109 million. Colruyt goes up to 100% Fiets!.. AMS' takeover bid for Osram ends tonight at midnight. easyJet cancels 233 flights due to the strike in France. Slack Technologies has raised its forecasts after signing new contracts. Verint will split into two listed companies. The American biotech Allakos could be sold. The Japanese group Takata is, once again, overtaken by malfunctions in airbags sold in the 1990s, which require the recall of about 1.4 million vehicles. Schaffner reduces its dividend after the decline in its annual results.

Stocks mentioned in the article
ChangeLast1st jan.
ALLAKOS INC. -1.28% 83.07 Delayed Quote.-12.89%
AMAZON.COM -0.70% 1864.72 Delayed Quote.0.91%
ASTON MARTIN LAGONDA GLOBAL HOLDINGS PLC -2.08% 442.6 Delayed Quote.-13.04%
EASYJET -1.86% 1450 Delayed Quote.3.72%
FACEBOOK 0.17% 222.14 Delayed Quote.8.23%
FIAT CHRYSLER AUTOMOBILES 0.21% 12.458 Delayed Quote.-5.78%
FLIR SYSTEMS INC 0.42% 54.66 Delayed Quote.4.97%
GENERAL MOTORS COMPANY 0.14% 35.6 Delayed Quote.-2.73%
KERING -1.84% 599 Real-time Quote.4.27%
LAWSON, INC. -1.09% 6350 End-of-day quote.3.25%
LG CHEM LTD End-of-day quote.
LVMH MOËT HENNESSY VUITTON SE -2.12% 429.75 Real-time Quote.6.00%
MONCLER S.P.A. -3.16% 41.35 Delayed Quote.6.56%
NOVARTIS -0.06% 92.72 Delayed Quote.0.96%
OSRAM LICHT AG -0.11% 45.8 Delayed Quote.3.85%
PEUGEOT -0.18% 19.76 Real-time Quote.-7.07%
SCHAFFNER HOLDING AG 2.48% 207 Delayed Quote.-9.01%
TIFFANY & CO. 0.10% 134.25 Delayed Quote.0.45%
VERINT SYSTEMS INC. -0.56% 58.24 Delayed Quote.5.20%

Romain Fournier
© MarketScreener.com 2019
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