Telecom Italia seen planning to bid up to 7 billion euros for GVT: report
MILAN (Reuters) – Telecom Italia is preparing to offer up to 7 billion euros ($9.4 billion) to outbid Spain’s Telefonica in the race to acquire Vivendi’s Brazilian broadband unit GVT, according to a Bloomberg report on Sunday.
No guarantee Bank of England can pull off plan for gradual rate rises
LONDON (Reuters) – The Bank of England is hoping it can gently wean Britain’s economy off record-low borrowing costs, but its plan for “gradual and limited” rises in interest rates might prove harder to pull off than investors expect.
No Fed fireworks, but plenty of clues, expected at Jackson Hole
LONDON (Reuters) – Flashes of illumination rather than fireworks are expected at this week’s annual meeting of top central bankers and economists in Jackson Hole, Wyoming.
Argentina’s Fernandez calls holdouts greedy, bent on thwarting deal
BUENOS AIRES (Reuters) – Argentina’s President Cristina Fernandez took to Facebook on Saturday to rail against her country’s holdout creditors, calling them greedy and bent on thwarting a solution in order to keep Argentina mired in debt.
Ackman files second lawsuit against U.S. government
(Reuters) – Activist Bill Ackman’s Pershing Square Capital Management LP filed its second lawsuit in two days against the U.S. government over bailout of Fannie Mae and Freddie Mac, court documents show.
Deloitte CEO Joe Echevarria to retire and pursue public service
(Reuters) – Deloitte LLP’s Chief Executive Officer Joe Echevarria plans to retire later this month to follow his interest in public service, the accounting and consulting firm said on Friday.
Exclusive: Burger chain Shake Shack preparing for an IPO – sources
(Reuters) – Shake Shack, the fast-food restaurant chain famous for its hamburgers and milkshakes, is preparing to go public, seeking to tap stock market demand for popular casual dining companies, according to people familiar with the matter.
U.S. judge appoints lead counsel for GM ignition-switch cases
NEW YORK (Reuters) – A U.S. judge has appointed two lawyers who led cases against Toyota Motor Corp and a plaintiffs’ attorney from Texas to lead litigation against General Motors Co related to a faulty ignition switch that prompted the recall of millions of vehicles this year.
Wall Street Week Ahead: U.S. stocks a safe haven, even after panic selloffs
NEW YORK (Reuters) – As headlines about an apparent escalation of the conflict in eastern Ukraine hit traders’ screens, selling was the word on Wall Street. Once again, though, for many it looked like nothing but another buying opportunity in U.S. stoc…
Corporate founders battle boards to overturn forced exits
NEW YORK (Reuters) – From American Apparel Inc to Lululemon Athletica Inc , Men’s Wearhouse Inc and Best Buy Co Inc , a series of boardroom battles across North America underscore how difficult it can be for companies to part ways with their founders.
