Berlusconi’s Fininvest ordered to pay 494 million euros in damages
ROME (Reuters) – The family holding company of former Italian prime minister Silvio Berlusconi was ordered on Tuesday to pay 494 million euros in damages stemming from the disputed purchase of publisher Mondadori.
France’s Peugeot mulls capital tie-up with Dongfeng: report
PARIS (Reuters) – French carmaker PSA Peugeot Citroen has mandated two banks to study a possible capital tie-up with its Chinese partner Dongfeng , business daily Les Echos reported on Tuesday.
Despite opposition, U.S.’s Barney Frank sees derivatives opening to competition
NEW YORK (Reuters) – When Barney Frank, former U.S. Democratic Congressman and co-author of the Dodd-Frank 2010 banking legislation, set about reforming the U.S. $300 trillion derivatives markets, he felt the key was to foster competition.
EU lags U.S. in tools to let big banks fail: Bank of England’s Tucker
LONDON (Reuters) – The United States has largely cracked the problem of protecting taxpayers from the danger of having to bail out banks that are “too big to fail” while Europe lags behind, Bank of England Deputy Governor Paul Tucker said.
Santander hires former IMF, Bankia chief Rodrigo Rato
MADRID (Reuters) – Santander , the euro zone’s biggest bank, has hired Rodrigo Rato, under investigation in connection with allegations of fraud at state-rescued lender Bankia when he was chairman, to its international advisory boards.
AT&T seeking buyers for towers, could fetch $5 billion – Bloomberg
(Reuters) – AT&T Inc is seeking buyers for its wireless telecommunication towers and is working with TAP Advisors LLC and JPMorgan Chase & Co on the sale, Bloomberg reported, citing people familiar with the matter.
Prada confident on China, sees recovery in Europe
HONG KONG/MILAN (Reuters) – Prada is seeing green shoots in Europe and feels confident about China, its biggest market, even though sales slowed in the first half, the luxury Italian fashion house said on Tuesday.
Siemens board to name Ackermann’s successor on Wednesday -sources
FRANKFURT (Reuters) – The supervisory board of Germany’s Siemens will on Wednesday name a successor for Josef Ackermann, who has said he will step down from the board, two people familiar with the matter said on Tuesday.
U.S. inflation tame, but medical costs and rents pushing up
WASHINGTON (Reuters) – U.S. consumer prices barely rose in August, but rising rents and medical care costs pointed to some stability in underlying inflation that could make the Federal Reserve more comfortable trimming its bond purchases.
Penthouse publisher FriendFinder files for bankruptcy
FriendFinder Networks Inc , publisher of Penthouse magazine and numerous adult-entertainment websites, filed for Chapter 11 bankruptcy on Tuesday.
