Italy keen to keep 15 percent stake in Alitalia in rescue plan: paper
Italy is working on an Alitalia rescue plan that would see the state taking a stake of around 15 percent in the carrier along with separate investments by state-owned firms such as Ferrovie dello Stato and a foreign player, Il Sole 24 Ore said on Sunda…
UK seeks additional reassurances from Comcast on independence of Sky News
Britain has sought additional reassurances from cable company Comcast over the editorial independence of the Sky News television channel following the U.S. group’s takeover of broadcaster Sky .
Vivendi reaffirms support for TIM CEO, decries ‘rumor campaign’
Top shareholder Vivendi reaffirmed its support for Telecom Italia’s (TIM) Chief Executive Amos Genish, while accusing activist fund Elliott of running a “rumor campaign” to discredit him.
Italy works on extending Alitalia loan deadline: source
Italy is working on an extension of as much as six months to a Dec. 15 deadline for Alitalia to repay a 900 million euro ($1 billion) loan meant to keep the airline afloat while it searches for a buyer, a government source said on Saturday.
Banks back Democrats in bid to rebuild bipartisan support
Banks are going to bat for Democrats in the U.S. November midterm congressional elections as part of an ambitious strategy to rebuild the bipartisan support they enjoyed before the 2007-2009 financial crisis.
Exclusive: U.S. Commerce’s Ross eyes anti-China ‘poison pill’ for new trade deals
U.S. Commerce Secretary Wilbur Ross signaled on Friday that Washington may flex its muscle with additional trading partners in order to exert pressure on China to open its markets, saying that a “poison pill” provision in the recently completed pact wi…
Wall Street falls as solid jobs report boosts bond yields
U.S. stocks dropped for a second straight day on Friday, weighed down by another rise in Treasury yields in the wake of a solid jobs report that capped off a week of robust data.
Under fire from Musk, top fund firms defend securities lending
Accused by Tesla Inc Chief Executive Elon Musk of making “excessive profit” by lending shares to short-sellers, top index fund companies shot back on Friday that they are only looking out for their investors.
Stocks fall globally after U.S. jobs data, Treasury yields rise again
Major world stock markets sank for a second straight day on Friday after strong U.S. jobs numbers signaled a continued tightening of the labor market and increased inflation pressures, while Treasury yields rose again to multi-year highs.
Wall Street falls as Treasury yields ascend on jobs report
U.S. stocks dropped for a second straight day on Friday, weighed down by another rise in Treasury yields in the wake of a solid jobs report that capped off a week of robust data.
