Lufthansa, Salzgitter, Facebook, Amazon, SERVICENOW, Porsche

Economic-related topics in the media edited by Dow Jones Newswires.

Lufthansa (Lufthansa)-is about to rescue the troubled Lufthansa. The company announced that it should end “immediately” in the “high-level talks.” The compromise plan stipulates that the government directly owns 20% of the shares, while the convertible bond is 5% plus one share. Only when a third party tries to take over Lufthansa can the bonds be exchanged for shares. Only under this special situation can the state exercise its voting rights. (SZ page 15 / Handelsblatt page 6 / FAZ page 20 / Börsen-Zeitung page 1 / Welt page 1))

Salzgitter-Lower Saxony Steel Group Salzgitter reacted cautiously to the establishment of ThyssenKrupp and Germany’s major industrial leaders. Thyssenkrupp (Thyssenkrupp) CEO Martina Merz has previously marched against competitors. She told Shenzhen: “Of course, many people are interested in German solutions. We still have a lot of room for maneuver.” Salzgitter boss Heinz Jörg Fuhrmann and them trust each other: “This is a good basis for discussion.” (SZ No. 19 pages)

FACEBOOK-social network to advertise trade. In the future, retailers will be able to open their own stores on Instagram and Facebook. This is in line with CEO Mark Zuckerberg’s strategy: Facebook has long planned to transform its platform into a digital shopping mall, especially the Instagram photo app. Now, Corona is greatly promoting the project. (Handelsblatt page 16)

Amazon-The online group Amazon wants to show more and more footballs and is ready to launch an attack in Germany. The game is worrying. (FAZ page 22)

SERVICENOW-former SAP boss Bill McDermott took over the management of Servicenow at the end of last year. A company that manages workflows and processes in the cloud for other companies. In an interview, McDermott talked about the “workflow revolution” and “the greatest idea of ​​computer science.” The man who increased the market value of SAP’s stock by three times during his tenure is convinced that he will achieve similar achievements at Servicenow. (World page 10)

Porsche-

Porsche boss Oliver Blume defends the payment of bonuses and dividends, even if the company receives government loans or short-term job benefits. Bloom said: “The things in the debate are mixed.” The loans provided by the state are actually “state aid.” He assured that the Volkswagen Group would not use it. However, short-term work benefits are “funded by contributions paid by employers and employees over the years.” (Handelsblatt)

-All statements are not guaranteed.

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(End) Dow Jones News Agency

May 22, 2020, 00:11 EST (04:11 GMT)

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