Offbeat Moody's downgrades rating from ABB electronics company
Latest OnePlus 8 leaks reveal “Interstellar Glow” and other colors
The new phones are expected next month#OnePlus8 Official Renders have leaked! I know what the marketing name for these colours will be:
Zurich (Reuters) - The rating agency Moody's has lowered the creditworthiness of the electrical engineering group ABB by one level to "A3".
The Swiss company has not been able to achieve the operational key figures required for the previous "A2" rating for a long time, Moody's said on Wednesday. This would add to the potential impact of the coronavirus shock on ABB's business. The outlook is stable. The restructuring of the group should lead to an increase in profitability. In addition, the expected proceeds of up to $ 7.8 billion from the sale of the power grid business should help maintain a generous amount of liquidity.
Beats president Luke Wood is stepping down .
Beats president Luke Wood is leaving the company at the end of this month, with Apple Music and international content vice president Oliver Schusser set to take over. Wood's departure, which was first reported by CNET and confirmed to Engadget by Beats, means the trio that led the audio brand when Apple bought it in 2014 are all out of the company. Co-founders Dr. Dre and Jimmy Iovine left some time ago. Wood wasn't at Beats from the beginning, but he played a key role in its success after joining in 2011. For one thing, he played a significant part in the launch of Beats Music, a precursor to Apple Music.