Telecom Italia, a company considered strategic in the Italian political spectrum, is undergoing a change in leadership.
Corporations
Tokyo Electric to receive USD5.9 billion financing
Creditors were poised to provide USD5.9 billion loans to Tokyo Electric Power Co. (Tepco), according to a Reuters report.
Twitter to make public filing this week: Quartz
According to news website Quartz, Twitter Inc. would make its IPO filing public this week and would probably start trading before the thanksgiving holiday on November 28.
Tata, Unitech challenge SFIO's conclusion on 2007 transaction
According to a spokesperson for Tata Sons, the group had comprehensively addressed all questions from all probing government agencies regarding the 2007 deal between Tata and Unitech.
Siemens cuts 15,000 jobs as a part of the company’s cost cutting program
Siemens planned to shed 15000 jobs over the next year as a part of its cost cutting program, said a spokesman last Sunday.
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The large volume IPO companies have helped the European IPO boom. The cheap valuations and the strengthening economies were the main factors that put investments to full work in Europe, resulting in a sixfold volume increase in the third quarter for initial public offers in the region.
In a move to provide a tax gain as well as capital gain, AXA spins off AXA PE, ceding majority control to an employee ownership group.
Orders for US manufactured goods declined in August which showed a possible sign of companies holding back their investments due to uncertainties in US government spending.
Al-Futtain formalizes its agreement with the Oman Tourism Development Company and the Omani National Investment Funds Company for the new mall in Muscat.
The new deadline is now at October 31 for the acquisition of Vivendi's shareholdings in Maroc Telecom by Etisalat.
The exclusive discussion for Etisalat’s proposal to acquire Vivendi’s stake in Maroc Telecom had been extended up to October 31.
CEO resignation would not deter the merger of the two Omani banks. In an announcement, Bank Dhofar's CEO Anthony Mahoney had resigned from the bank.
Nufarm is asking for openness from Aussie farmers as foreign investors would increase competition with the industry.
After more than dismal last quarter financial reports, BlackBerry is contemplating its exit from the smartphone market.
