MILAN (Reuters) -Telecom Italia is moving closer to picking banks to advise it on a buyout offer approach from U.S. private equity group KKR and could assign mandates as early as this weekend, two sources said on Saturday. A special committee set up to study KKR’s non-binding bid approach, valued at 33 billion euros ($37 …
Telecom Italia nearing decision on advisers for KKR deal – sources Read More »
BERLIN (Reuters) – Frank Appel, the chief executive of German logistics company Deutsche Post, is the favourite to become the next supervisory board chairman of Deutsche Telekom, the Handelsblatt newspaper reported on Saturday. A preliminary decision could be made at a meeting of the supervisory board on Dec. 15, with Appel potentially proposed for election …
Deutsche Post CEO could become Deutsche Telekom chairman – report Read More »
MILAN (Reuters) -The Organization of the Petroleum Exporting Countries (OPEC) will continue with its supply adjustments for the oil market, the OPEC Secretary General said on Saturday. “We will continue to do what we know best to ensure we attain stability in the oil market on a sustainable basis,” Mohammad Barkindo said in a webinar …
OPEC will continue with supply adjustments for oil market, chief says Read More »
By Christopher Bing and Joseph Menn WASHINGTON/SAN FRANCISCO (Reuters) – Apple Inc iPhones of at least nine U.S. State Department employees were hacked by an unknown assailant using sophisticated spyware developed by the Israel-based NSO Group, according to four people familiar with the matter. The hacks, which took place in the last several months, hit …
U.S. State Department phones hacked with Israeli company spyware – sources Read More »
MILAN (Reuters) – UniCredit’s German arm is set to take a significant portion of the around 3,000 voluntary redundancies expected under the Italian bank’s new business plan, a person close to the matter said. Bloomberg News reported earlier on Friday half of the expected job cuts would hit the group’s German operations. UniCredit will unveil …
Unicredit German unit to take significant portion of job cuts under new plan – source Read More »
LONDON (Reuters) – The editor of MailOnline, Martin Clarke, announced on Friday he will stand down after 12 years building the news website. Clarke said he wanted to leave to “pursue new challenges”. He will step down from his job at the end of February, but will “remain available” to the company until the end …
(Reuters) – Britain’s finance minister Rishi Sunak is preparing to cut income tax by 2 pence to the pound or to slash rates of Value Added Tax (VAT) before the next election, The Times reported on Friday. Sunak has told officials to draw up detailed plans to reduce the tax burden, with a third option …
UK’s Sunak plans to cut income tax or slash VAT before next election -The Times Read More »
(This Dec. 2 story corrects throughout to say “transitional” workers, not “temporary”, replaces the word “permanent” with “legacy”, and removes reference to 30% temporary workers in fourth paragraph) (Reuters) – Kellogg Co said on Thursday it has reached an agreement with the union on a new five-year contract for its employees at a few breakfast-cereal …
Kellogg reaches tentative deal with union after 2 months of strike Read More »
By Paresh Dave and Julia Love SAN FRANCISCO (Reuters) – Alphabet Inc’s Google has seen an increasing number of employees coming in to its offices each week, particularly younger workers, the company’s real estate chief said during an interview at the Reuters Next conference on Friday. On Thursday, Google indefinitely pushed back the mandated return …
Google real estate executive says 5% more workers coming in to office each week Read More »
By David Lawder (Reuters) – The U.S. Trade Representative’s office said on Friday it was committed to legislation strengthening the domestic electric vehicle industry despite objections from Mexico and Canada over a proposed tax credit for electric vehicles built by U.S. union workers. The proposed $12,500 electric vehicle tax credit would include $4,500 for EVs …
USTR backs efforts to strengthen U.S. EV industry despite objections Read More »
