MILAN (Reuters) – Telecom Italia’s (TIM) top shareholder Vivendi is open to discussing the possibility that the Italian government wins control of TIM’s fixed-line network, a spokesperson for the French company said on Sunday. The statement marks a shift in the stance of the French media group as TIM’s investors get ready to evaluate a …
Vivendi is open to discuss with Rome over state control on TIM’s network Read More »
ZURICH (Reuters) – The chairperson of Switzerland’s financial watchdog has called for more power to punish wayward bankers after a string of scandals tarnished the sector’s international reputation. Marlene Amstad, head of the Swiss Financial Market Supervisory Authority’s (FINMA) board of directors, told the SonntagsZeitung paper the agency would welcome new tools to hold bankers …
Swiss watchdog seeks more tools to go after bad bankers – paper Read More »
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 »
