Generali Chairman Gabriele Galateri told Reuters in an interview that the company would be selling its stake in Telecom Italia depending on the decision made during the Italian phone company's shareholders meeting.
Deals
Virgin Galactic's SpaceShip Two makes record flight
The highest altitude and the greatest speed was achieved by Virgin Galactic's SpaceShip Two. SpaceShip Two of Virgin Galactic reached record speeds and altitude in tests just before it starts its plan of manned flight to space with passengers by next year.
Cancel Egypt aid or US loses billions - Pentagon official
A senior official of the Pentagon told Reuters that the US government would be in danger to defaulting weapons contract payments should they halt Egyptian aid.
Workout, breakfast between CEOS set price for Verizon-Vodafone deal - report
The USD 130 billion price tag for the recently-concluded deal between Verizon and Vodafone was agreed over an exercise session and breakfast between the firms' two CEOs.
Sawiris interested in Telecom Italia but may not submit bid
According to tycoon Naguib Sawiris, he is interested in purchasing a stake in Telecom Italia but may opt not to in light of the Italian press' preference for Telefonica.
Latest News
Private equity firm LDC would be expecting a windfall from the recent sale of energy management group Matrix and its parent company Green Sky Energy to German energy company E.ON.
President Nursultan Nazarbayev confirmed that Kazakhstan would be inking 22 deals with China worth USD 30 billion on Saturday.
Daimler CEO Dieter Zetsche told a German newspaper that they would be constructing a new car plant in Brazil.
President Uhuru Kenyatta's office said Africa's richest man Aliko Dangote would invest in a USD 400 million cement factory in Kenya.
Youtube network firm Maker Studios announced its official acquisition of Blip for an undisclosed amount.
Kazakh government sources told Reuters that the country had agreed to sell 8.33% of its stake in the Kashagan oil field to China.
A Techcrunch news report said that personalized e-commerce and gift-giving startup Wantful would be shutting its operations down due to its inability to get additional capital.
Shuanghui International Holdings and Smithfield Foods Inc released a joint statement saying they received another clearance from the U.S. Committee on Foreign Investment on the food firms' USD4.7 billion takeover deal.
Local and foreign oil firms in Iraq would be keeping low profiles as tensions regarding a possible Syria strike retaliation looms over Iraq.
