According to a Reuters report, a struggling Alitalia would be closing shop soon if it won't be getting the cash it needs to implement Alitalia CEO Gabriele Del Torchio's long-term plans.
Institutional investors
Axis MF set to make profit for the year
Axis MF, the fund management firm backed by Axis bank, is projecting to be in the black for the year because of its diversified offers.
Reforms by new RBI chief seen in net investment inflows into the country
The new programs of RBI Governor Raghuram Rajan have resulted in higher investment rate in the Indian equity markets.
China's new trade zone opens in Shanghai
China opened its free trade zone in Shanghai and was hailed as the country's boldest reform, according to a Reuters report.
Bernabe set to submit resignation as Telecom Italia CEO
Due to the loss of support from the largest shareholders of Telecom Italia, CEO Franco Bernabe is planning to submit his resignation on October 3.
Latest News
US and British regulators had charged interdealer broker firm ICAP's European arm and three ex-employees for rigging the London interbank offered rate to their benefit.
The European Securities and Markets Authority had sought for the imposition of a levy for non EU clearing house operators.
A joint venture firm of gaming tycoons Lawrence Ho and James Packer would be investing more than USD 5 billion to build a casino resort in Japan.
Analysts and industry executives gave their take on the USD 4.7 billion buyout offer for BlackBerry on Reuters Instant View.
Leucadia National Corp bought USD 158 million worth of Harbinger Group Inc shares from Philip Falcone's hedge funds.
Swiftype, a software company that assists clients to integrate search engines in their company sites, raised another USD7.5 million in its recent funding round.
US Government software contractor Palantir Technologies, Inc has raised USD196.5 million in capital for growth, according to a filing with the US Securities and Exchange Commission.
JC Penney Co Inc's decision to sell shares caused its stock value to further depreciate. The decision by JC Penney Co to strengthen its cash reserves by the issuance of new USD1 billion in new shares resulted in a decline in its stocks by more than 13% last Friday.
Research from gadget insurer Protect Your Bubble revealed that over half of smartphone and tablet users in Britain performed emergency repairs of their unit.
