Exclusive: Swisscom weighs $6.3 billion Fastweb sale as Vodafone lurks – sources
LONDON (Reuters) – Telecom operator Swisscom is considering a possible sale of its Italian broadband firm Fastweb, which is worth up to 5 billion euros ($6.3 billion) and has been a target for Vodafone , sources familiar with the situation said.
Barclays says New York ‘dark pool’ suit oversteps legal bounds
NEW YORK (Reuters) – Barclays PLC on Tuesday urged a New York court to toss the state attorney general’s fraud case over how the bank ran its private U.S. trading venue, saying the case oversteps state securities laws and offers no proof any investors …
Berkshire’s Buffett says U.S. bank business not as good as in past: Fortune Summit
NEW YORK (Reuters) – Warren Buffett, chairman and chief executive of conglomerate Berkshire Hathaway Inc , said on Tuesday that the businesses of big U.S. banks were not as good as they were a few years ago, and that U.S. home-building would pick up.
Pimco’s outflow headaches only just beginning
NEW YORK (Reuters) – Outflows from Pimco may be far from over as many investors have yet to decide whether to stick with the Newport Beach, California-based asset manager.
Exclusive: Drugmaker GSK investigating corruption allegations in UAE
LONDON (Reuters) – Drugmaker GlaxoSmithKline, which was slapped with a record $489 million fine for corruption in China last month, said on Tuesday it was looking into allegations of corruption in the United Arab Emirates.
Supreme Court weighs employee pay for security checks
NEW YORK (Reuters) – The U.S. Supreme Court will hear arguments on Wednesday on whether companies have to pay workers for time spent undergoing security checks, in a case challenging how hourly employees are compensated for tasks outside their regular …
Exclusive: Telecom Italia working on new investment plan for Brazil- source
MILAN (Reuters) – Telecom Italia’s Brazilian unit is considering investing an extra 750 million euros ($947.16 million) over three years to improve its local mobile phone network, according to a person with knowledge of the plan, as the Italian company…
U.S. job openings hit highest level since 2001
WASHINGTON (Reuters) – U.S. job openings rose to their highest level in more than 13 years in August even as hiring fell, the U.S. Department of Labor said.
Fiat says merger into Dutch-registered FCA effective October 12
MILAN (Reuters) – Italian carmaker Fiat said on Tuesday its merger into holding group Fiat Chrysler Automobiles (FCA) would be effective as of Oct. 12 after all conditions for the tie-up were met.
EU leaders to meet on jobs as budget disputes loom
MILAN (Reuters) – Italian Prime Minister Matteo Renzi has persuaded European partners to attend a meeting on jobs in Milan on Wednesday but he may struggle to get them to agree to do much more than show up.
