In a company announcement, Telecom Italia SpA Chief Operating Officer Marco Patuano was appointed as interim chief executive due to former Chief Executive Officer Franco Bernabe quitting his post yesterday.
Firm Management
Wal-Mart said negotiations with Bharti still ongoing
Addressing concerns as to the lack of progress in its bid to open shop in India, Wal-Mart said it is negotiating with Bharti for final details.
Despite Obama absence, Trans Pacific Partnership still a go
Identified as an integral part of US interests in Asia, the Trans Pacific Partnership is being outlined between the US and eleven other countries.
Stock markets hunker down for incoming volatility due to impasse
As the budget deadlock continues, the stock market's fear index is rising and many investors are preparing for future stock volatility.
Obama expects Congress to raise debt ceiling
Obama, in an interview with the Associated Press, said he expects Congress to reopen government and increase debt ceiling before the October 17 deadline.
Latest News
Avaya Inc had explored a sale earlier this year instead of taking the company private, said a Reuters report.
According to a report from Reuters, bad publicity would cause a great impact on an upcoming deal as stated in the Journal of Financial Economics by Baixiao Liu and John McConnell.
Google, SAP and Cisco had been in discussions to possible acquire struggling smartphone maker BlackBerry, said a Reuters report.
The withdrawal of Carl Icahn's threat to have a court declared valuation is a sign that the billionaire investor's short term goals.
Applications with the Federal Anti-Monopoly Service was filed by two Bank Rossiya as they bid to purchase shareholdings in Tele2 from state backed bank VTB.
Mortgage insurance firm Essent added Wells Fargo into its list of underwriters together with Bank of America, JPMorgan Chase and Barclays.
Activist investor Jana Partners LLC had reported a 13.5% stake in Outerwall Inc. and said it was exploring options including a possible sale, according to a Reuters report.
Cooper Tire & Rubber Co filed a complaint in the Delaware Chancery Court to compel Apollo Tyres in closing its acquisition transaction soon, said a Reuters report.
Peruvian miner IRL confirmed on Friday that the company was in discussions with LionGold Corp for an acquisition transaction, said a Reuters report.
