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Italy's Enel said on Tuesday it was in no rush to sell its stake in fast broadband unit Open Fiber as phone incumbent Telecom Italia presses ahead with plans to find a partner to fund a tie-up with its smaller rival. "We are not in a hurry", Enel CEO Francesco Starace told reporters during the utility's capital market day in Milan, adding that it did not intend to walk out of the Open Fiber joint-venture. Telecom Italia (TIM) is negotiating with Enel and state lender Cassa Depositi e Prestiti (CDP) on ways of integrating with Open Fiber to create a national fiber champion and avoid costly duplication of investment....
Fed Chair Jerome Powell said on Monday monetary policy was "well positioned" to support the strong labor market. Focus now turns to the Conference Board's U.S. consumer confidence survey for November, due at 10 a.m. ET....
Scotiabank reported adjusted earnings attributable to common shareholders of C$2.23 billion ($1.68 billion), or C$1.82 a share, compared with estimates of C$1.81. Provisions for credit losses during the quarter jumped 28% to C$753 million. Growing economic uncertainties that have raised the prospect of interest rate cuts at home, higher provisions for loan losses and sluggish deal-making have weighed on Canadian banks in recent quarters....
Today we will run through one way of estimating the intrinsic value of Universal Health Services, Inc. (NYSE:UHS) by......
This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios......
Software company Capgemini will stick to its bid of 14 euros ($15.43) per share for smaller rival Altran, its chief executive told Reuters, as it tries to fend off pressure from activist hedge fund Elliott for a higher offer. Elliott, which made waves in France last year when it revealed a stake in drinks maker Pernod Ricard, has since built a holding of more than 10% in Altran, regulatory filings show. It has also said Capgemini's 3.6 billion-euro bid from June this year undervalued Altran....
Google said that the employees were involved in “systematic searches for other employees’ materials and work” in a manner that wasn’t required as per the defined scope of their jobs. Rebecca Rivers, who contested Google’s involvement in the U.S. Customs and Border Protection project, is one among the sacked, she confirmed on Twitter....
