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US factory gauge hits 10-year low amid global slowdown

Bloomberg US manufacturing closed out a tumultuous year with the weakest monthly performance since the end of the recession, with orders shrinking and factories continuing to dial back production. The Institute for Supply Management’s purchasing managers’ index fell to 47.2 in December, 2019 from 48.1, the fifth straight month of contraction and missing estimates for a rise in a Bloomberg ...

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Apollo-backed security firm in talks for debt restructuring

Bloomberg Constellis Holdings LLC, a security contractor backed by Apollo Global Management Inc, is in talks with creditors on a deal to restructure its $1 billion of debt, according to people with knowledge of the discussions. The firm, which has provided some security services around the US embassy complex in Iraq — the site of anti-American protests this week — ...

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Apple CEO’s pay falls about $10m in 2019

Bloomberg Apple Inc Chief Executive Officer Tim Cook made $125 million in the company’s 2019 fiscal year, less than the year before due in part to a lower bonus. Cook got a $3 million salary, a $7.7 million bonus and $884,466 in perks and other compensation in the latest period, the Cupertino, California-based technology giant said in a filing. The ...

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