Monte dei Paschi di Siena (BMPS.MI) will tap investors for up to 2.5 billion euros next year to fill a capital deficit laid bare by recent stress tests and pay back state aid in a move bankers said would prepare the Italian lender for a likely takeover.
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Lyft board members discussed replacing CEO, court documents reveal
Lyft board members had discussed replacing current Chief Executive Officer Logan Green, who was not aware of those talks, according to Lyft's former chief operating officer in a court filing obtained by Reuters on Friday.
Tan in talks to sell ARMS stake to repay Standard Chartered
Indonesian businessman Samin Tan is in talks to sell assets including all or part of his stake in Asia Resource Minerals (ARMS) to help repay Standard Chartered and Raiffeisen close to $1 billion.
Uber looks to pick up another $1 billion in equity
U.S. taxi service firm Uber said it is in early talks with investors to raise money at a higher valuation than $17 billion it secured with June's round of funding, Financial Times reported on Friday citing people familiar with the matter.
Sears Holdings explores creation of REIT to raise cash
Struggling retailer Sears Holdings Corp (SHLD.O) said it was exploring the conversion of 200-300 stores to a real estate investment trust (REIT) and offer it to shareholders through a rights offering to raise cash.
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Dresner Partners announced today that it has hired Nishant Bubna as Vice President. Mr. Bubna has more than 12 years of finance experience, including nine years in investment banking. He has assisted transactions in the business services, consumer, industrials, healthcare, and technology sectors.
For good stock market bets, some top investors can't be too bothered by details like corporate profits: instead, they pick companies run by their founders.
Publicis (PUBP.PA), the world's third-largest advertising holding company, has agreed to buy digital ad specialist Sapient for $3.7 billion in cash as it seeks to accelerate growth after a botched merger earlier this year.
Thai energy drink maker Carabao Group PCL has set the price range of an initial public offering (IPO) at 26 to 28 baht a share, to raise up to 7 billion baht ($214.72 million), people with knowledge of the sale said.
When he attended design preview meetings for the Genesis luxury sedan, Hyundai Motor heir-apparent Chung Eui-sun suggested features he'd seen on high-end European rivals, such as a pop-up navigation screen and a gearshift that rises and retracts.
Succession is not an imminent topic at Daimler or Volkswagen, the chief executives of both carmakers said on Thursday, adding that any potential candidates would most likely come from within their respective companies.
State-backed Royal Bank of Scotland (RBS.L) has set aside 400 million pounds ($640 million) to cover potential fines for manipulating currency markets and warned further charges for past misconduct would continue to hit its profits.
A boardroom tussle brewing for months at Sanofi came to a head on Wednesday when France's top drugmaker fired its chief executive, wiping more billions off its share price.
Warren Buffett's Berkshire Hathaway Inc (BRKa.N) conglomerate has sold a marketing and direct mail unit to a Wisconsin businessman, according to a statement on Tuesday.
