Business news

• Monte dei Paschi to press ahead with last-ditch private capital increase

  11-12-2016 23:21 via news.yahoo.com
  
  By Elisa Anzolin and Silvia Aloisi MILAN (Reuters) - Italy's third biggest lender Monte dei Paschi di Siena said on Sunday it would press ahead with a last-ditch plan to raise 5 billion euros on the market by year-end after the European Central Bank refused to give it more time to recapitalize. The decision by the ECB's supervisory board piles pressure on the Italian government to inject money into the bank but the Tuscan lender on Friday said it would carry on with its own private sector scheme
  
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• UniCredit sells Pioneer to Amundi for more than $4.2 billion: source

  11-12-2016 22:56 via news.yahoo.com
  
  By Paola Arosio MILAN (Reuters) - Italy's biggest bank by assets UniCredit has reached a deal to sell its asset manager Pioneer to France's Amundi for more than 4 billion euros ($4.2 billion), a source with knowledge of the matter said on Sunday. The deal, which the source said involves a special dividend of about 500 million euros to be paid to UniCredit, is one of various disposals being pursued by newly-appointed Chief Executive Jean-Pierre Mustier to boost capital levels at the Italian lende
  
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• Johnson & Johnson shares could rally about 20 percent: Barron's

  11-12-2016 22:54 via news.yahoo.com
  
  Johnson & Johnson shares could rally about 20 percent to the mid-$130s as operating improvements spur earnings growth, Barron's said in a report. Healthcare stocks have taken a hit since U.S. President-elect Donald Trump vowed to bring down drug prices.
  
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• Inflation-hit Venezuela to pull largest bill from circulation

  11-12-2016 22:22 via news.yahoo.com
  
  By Girish Gupta CARACAS (Reuters) - Venezuela, mired in an economic crisis and facing the world's highest inflation, will pull its largest bill, worth two U.S. cents on the black market, from circulation this week ahead of introducing new higher-value notes, President Nicolas Maduro said on Sunday. The surprise move, announced by Maduro during an hours-long speech, is likely to worsen a cash crunch in Venezuela. Maduro said the 100-bolivar bill will be taken out of circulation on Wednesday and V
  
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• Italy's Monte dei Paschi to press ahead with private rescue plan: source

  11-12-2016 22:05 via news.yahoo.com
  
  MILAN (Reuters) - Ailing Italian bank Monte dei Paschi di Siena will press ahead with a last-ditch 5-billion euro ($5.27 billion) privately-funded rescue plan after the European Central Bank refused to give it more time to raise the money, a source close to the matter said.
  
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• Trump says Keystone XL news coming soon, blasts F-35 costs and the CIA

  11-12-2016 22:03 via cbc.ca
  
  Donald Trump has suggested he'll move quickly on Keystone XL after taking office, with the incoming president expected to reverse his predecessor's ban on the Alberta-to-Texas oil pipeline.
  
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• After two warm years, retailers hope a colder winter will heat up sales

  11-12-2016 21:55 via cbc.ca
  
  A year after warm weather curtailed their Christmas cheer, Canadian winter sport vehicle and apparel retailers aren't ready to pop the champagne, despite a forecast return to seasonally colder temperatures and snow.
  
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• IMF's Lagarde says confident ahead of hearing in Tapie case

  11-12-2016 20:52 via news.yahoo.com
  
  International Monetary Fund Managing Director Christine Lagarde said on Sunday she was confident that she had done nothing wrong ahead of a court hearing about payments to a businessman when she was French finance minister. Lagarde is set to stand trial on Monday over her role in a 400 million euro ($428 million) payout to Bernard Tapie in 2008 when she was finance minister in President Nicolas Sarkozy's government. Lagarde said she was confident and determined, and denied that she have favored
  
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• Monte dei Paschi scrambles to thrash out last-ditch private capital increase

  11-12-2016 20:20 via news.yahoo.com
  
  Italy's third biggest lender Monte dei Paschi di Siena was scrambling on Sunday to thrash out a last-ditch plan to raise 5 billion euros ($5.28 billion) on the market by year-end after the European Central Bank refused to give it more time to recapitalize. The decision by the ECB's supervisory board piles pressure on the Italian government to inject money into the bank but the Tuscan lender on Friday said it would carry on with its own private sector scheme, despite signs of scant investor inter
  
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• Iran seals $17 billion Boeing deal, close to Airbus order

  11-12-2016 20:08 via news.yahoo.com
  
  By Tim Hepher and Sami Aboudi PARIS/DUBAI (Reuters) - Iran signed a $16.6 billion deal for 80 Boeing passenger jets on Sunday and was said to be close to another for dozens of Airbus planes to complete what would be the biggest package of firm contracts with Western companies since Iran's 1979 Islamic revolution. The deal between IranAir and U.S. planemaker Boeing includes 50 narrow-body 737 MAX aircraft and 30 long-haul 777s, split equally between the 777-300ER, which is badly in need of an ord
  
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• Top tech executives to attend Trump summit on Wednesday: Recode

  11-12-2016 19:59 via news.yahoo.com
  
  Top executives from Alphabet Inc, Apple Inc and Facebook Inc are among a small group of tech leaders invited to a summit to be held on Wednesday by U.S. President-elect Donald Trump, Recode reported, citing sources. Executives from Microsoft Corp, Intel Corp and Oracle Corp will also be among "a very heady group of less than a dozen, comprising most of the key players in the sector" to attend the summit, Recode said.
  
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• Former ‘Real Housewives Of Atlanta’ Star Apollo Nida And Sherien Almufti’s Engagement Photos Leak

  11-12-2016 19:09 via ibtimes.com
  
  Apollo Nida and his fiancée Sherien Almufti celebrated their November engagement by posing together for a few photos at the Federal Correctional Institute in Fort Dix, New Jersey. Until now, the engagement photos remained a private moment between the happy couple.
  
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• Erin Foster, Emily Ratajakowski, Kate Upton Celebrate The Holidays At Vince Camuto Dance Party

  11-12-2016 18:22 via ibtimes.com
  
  Vince Camuto celebrated the holidays in Beverly Hills Wednesday with an exclusive, girls-only dance party hosted by Erin Foster,  Nathalie Love, Kelly Oxford and Sasha Spielberg.
  Guests including Emily Ratajakowski, Kate Upton, Michelle Trachtenberg and Selma Blair mingled and danced to music by DJs Kitty Ca$h and Kidada Jones while previewing the latest Vince Camuto styles for the upcoming holiday and awards season. 
  
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• 'Office Christmas Party' Premiere Red Carpet: Jennifer Aniston, Katy Perry, Olivia Munn, Kelly Rowland

  11-12-2016 17:42 via ibtimes.com
  Just in time for the holiday, celebs hit the red carpet Thursday for the Los Angeles premiere of "Office Christmas Party" held at the Regency Village Theatre in Westwood, California.
  The comedy, directed by Josh Gordon and Will Speck, centers around an epic office Christmas bash thrown to impress a potential client. 
  
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• ‘More Life’ Release Date: Drake Announces When Fans Can Expect New ‘Playlist’ Album

  11-12-2016 17:23 via ibtimes.com
  
  Drake’s “More Life” project finally has a release date … kind of. It was rumored that the Toronto rapper would be dropping “More Life” this month, but it turns out fans will have to wait until next year to hear what the rapper’s been working.
  
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• Christmas Songs Playlist 2016: Ultimate Music Lineup For Your Holiday Party

  11-12-2016 17:10 via ibtimes.com
  
  If you've been in a Starbucks or mall in the past month, you've probably heard Christmas music — or, rather, Muzak — blasting through the speakers. Every artist on the planet has put out at least one cover of a holiday-themed song, and during December they dominate the airwaves and your eardrums.
  
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• Christmas Gifts For Teen Boys 2016: 8 Gifts To Buy Your Brother, Nephew Or Grandson

  11-12-2016 16:20 via ibtimes.com
  
  Shopping for a teenage boy – whether it’s for a younger brother, nephew or the next-door neighbor – does not have to be torturous.
  Every teen has some sort of niche interest. Perhaps an affinity for collecting vintage concert posters? Is he tech-savvy? Then a classic Led Zeppelin poster might be a good call, or he might need a decent hard drive for his laptop. And if you really have no clue, then opt for a functional gift. Is he packing up for college soon? Perhaps some dorm ge
  
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• Tata Sons renews appeal for removal of Mistry from group companies

  11-12-2016 16:19 via news.yahoo.com
  
  Tata Sons on Sunday renewed its appeal to shareholders of Tata group companies to remove Cyrus Mistry from their boards, saying that his presence as chairman "is likely to lead to fragmentation of the Tata Group". An October boardroom coup ousted Mistry as chairman of Tata Sons, holding company of the $100 billion Tata empire, but he remains on the board of some group companies. Patriarch Ratan Tata is back at the helm temporarily and a public power struggle has since ensued between the two side
  
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• ‘Saturday Night Live’ Had Bryan Cranston Reprise His ‘Breaking Bad’ Role [VIDEO]

  11-12-2016 16:06 via ibtimes.com
  “Saturday Night Live” brought a special guest for the opening sketch in the Dec. 10 show. Bryan Cranston appeared as his “Breaking Bad” character Walter White. The sketch made fun of President-elect Donald Trump’s cabinet choices.
  
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• ‘Love & Hip Hop: Atlanta’ Star Joseline Hernandez’s Baby Shower Included Strippers, Young Dro Performance [VIDEOS]

  11-12-2016 15:42 via ibtimes.com
  
  Joseline Hernandez’s baby shower wasn’t your typical eat-cake-and-play-games event. The pregnant “Love & Hip Hop: Atlanta” star and self-proclaimed Puerto Rican Princess had borderline X-rated cakes, a musical performance and strippers. And of course, everything was filmed for her upcoming VH1 delivery special.
  
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• Major Sky shareholder to vote against Fox bid

  11-12-2016 15:36 via news.yahoo.com
  
  A major shareholder in British pay-TV company Sky will vote against Twenty-First Century Fox's $14 billion takeover bid, the investor told Reuters on Sunday, while another said it is unhappy about the offer. Rupert Murdoch's Fox offered 10.75 pounds ($13.52) a share in cash on Friday in its second attempt to buy the 61 percent of the business that it does not own, with Sky's independent directors backing the latest bid. The shareholder, which declined to be named but said it was one of Sky's top
  
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• Iran close to Airbus deal, to get first jets in 2017: official

  11-12-2016 15:22 via news.yahoo.com
  
  Iran is close to finalizing a deal to buy dozens of passenger jets from Europe's Airbus, having signed a $16.6 billion deal with Boeing earlier on Sunday, an Iranian official told Reuters. The two deals follow an intense final flurry of negotiations between Iran and Western planemakers in an effort to formalize provisional contracts announced earlier this year, which face mounting political criticism in both Washington and Tehran. Boeing said earlier it had reached an agreement to sell 80 aircra
  
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• Tata Sons renews appeal to shareholders to remove Mistry from group firms

  11-12-2016 14:58 via news.yahoo.com
  
  Tata Sons on Sunday renewed its appeal to shareholders of Tata group companies to remove Cyrus Mistry from the board of those companies, saying his presence as chairman "is likely to lead to fragmentation of the Tata Group". In a boardroom coup in October, Mistry was ousted as chairman of Tata Sons, holding firm of the $100 billion Tata empire, but he remains on the board of some group companies. Patriarch Ratan Tata is back at the helm temporarily, and a public power struggle has since ensued b
  
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• Saudi hits new oil output record in November amid OPEC cut talk

  11-12-2016 14:05 via news.yahoo.com
  
  Saudi Arabia pumped record-high amounts of oil in November, amid talks over a global deal to cut production, defying market expectations of lower output on slower domestic demand and refinery maintenance. The world's top oil exporter told the Organization of the Petroleum Exporting Countries it pumped 10.72 million barrels per day last month, an OPEC source said, up from 10.625 million bpd in October. In July, the kingdom's production was 10.67 million bpd, the previous high.
  
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• Trump Cabinet Update: Where Does John Kelly And Other Cabinet Members Stand On Drug Legalization?

  11-12-2016 13:40 via ibtimes.com
  
  President-Elect Donald Trump named this week retired Marine General John Kelly to head the Department of Homeland Security. Before retiring, Kelly oversaw security operations in the Caribbean, Central America and South America as the head of U.S. Southern Command, oftentimes using his expertise to tackle issues regarding the flow of illicit drugs like cocaine, heroin and weapons from foreign countries to the U.S.
  
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• Kanye West Health Update: Rapper Enjoys Bike Ride With Friends Following Alleged Breakdown

  11-12-2016 13:02 via ibtimes.com
  
  Kanye West was spotted Friday enjoying a midday bike ride with a few close friends in Los Angeles just days after he was released from hospital following his treatment for alleged mental breakdown. The 39-year-old rapper was admitted to UCLA Medical Center last month for psychiatric evaluation after he acted "erratically."
  
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• Some shareholders unhappy over terms of Murdoch's Sky bid: report

  11-12-2016 12:48 via news.yahoo.com
  
  Some shareholders are unhappy about the terms of a preliminary deal struck by Rupert Murdoch's Twenty-First Century Fox to take over British pay-TV Sky , the Sunday Telegraph newspaper reported. On Friday, Murdoch's Fox proposed 10.75 pounds ($13.52) a share in cash, backed by Sky's independent directors, in its second attempt to buy the 61 percent of the firm which it does not currently own. It "ought to be the start of the process, not the conclusion," Alastair Gunn, a fund manager at Jupiter
  
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• Saudi Arabia, Iraq boost oil output in November: OPEC sources

  11-12-2016 12:39 via news.yahoo.com
  
  VIENNA (Reuters) - Saudi Arabia, the world's top oil exporter, told the Organization of Petroleum Exporting Countries it pumped 10.72 million barrels per day in November, an OPEC source said, an increase from 10.625 million bpd in October.
  
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• Market 'paradigm shift' may be under way, but more volatility likely: BIS

  11-12-2016 12:24 via news.yahoo.com
  
  Financial markets have been remarkably resilient to rising bond yields and sudden shift in outlook following last month's shock U.S. election result, but the sheer scale of uncertainties ahead means the adjustment will be "bumpy", the BIS said on Sunday. While the resilience to recent market swings following the U.S. election and Brexit vote have been welcome, investors should be braced for further bouts of extreme volatilty and "flash crash" episodes like the one that hit sterling in October, t
  
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• Shrinking FX market could pose stability risk: BIS

  11-12-2016 12:19 via news.yahoo.com
  
  Hedge funds and speculative investors have pulled back from the $5 trillion a day global currency market and less risk-taking by banks as well as reduced trading on multi-player platforms is a risk to future financial stability, the Bank of International Settlements said on Sunday. In analysis expanding on September's triennial report on the world's single biggest financial market, economists from the bank and Warwick Business School Professor Michael Moore pointed to changes the Basel-based cen
  
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• Scientists Discover Ancient Enzyme That Functions Without 'Decorations' In Humans

  11-12-2016 12:03 via ibtimes.com
  
  Enzymes — proteins that catalyze complex biochemical reactions — have been around for hundreds of billions of years. Some studies suggest that bacteria living over 3 billion years ago also possessed sophisticated enzymes — although they were less specialized than their present-day counterparts.
  
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• Iran signs $16.6 billion deal for 80 Boeing planes: IRNA

  11-12-2016 11:47 via news.yahoo.com
  
  IranAir said it signed a deal on Sunday to buy 80 passenger planes from U.S. aircraft maker Boeing , state news agency IRNA reported, in the biggest U.S.-Iran deal since the 1979 Islamic revolution. The agency quoted Farhad Parvaresh, the chairman of Iran's flag carrier, as saying that the 10-year deal included 50 Boeing 737 aircraft and 30 777 planes. Boeing said in June it had signed a tentative agreement to sell 100 jets to IranAir after Iranian statements about the deal.
  
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• CRTC tells dissatisfied TV customers to 'demand better' and shop around

  11-12-2016 11:00 via cbc.ca
  
  The CRTC wants Canadians to know that if they don’t like their current TV plan, they should shop around. The commission is also offering shopping tips online. Critics say the commission needs to do more to help customers snag a fair TV deal.
  
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• Car recalls and real estate secrets: CBC's Marketplace consumer cheat sheet

  11-12-2016 11:00 via cbc.ca
  
  If you've been too busy this week to keep up with health and consumer news, CBC's Marketplace is here to help.
  
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• Iran Air says signs deal to buy 80 Boeing passenger planes

  11-12-2016 10:44 via news.yahoo.com
  
  DUBAI (Reuters) - Iran Air said it signed a deal on Sunday to buy 80 passenger planes from U.S. aircraft maker Boeing , state news agency IRNA reported.
  
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• Hubble Photographs NGC 4388 — A Distant Galaxy Feeling The Pull Of Its Neighbors

  11-12-2016 09:49 via ibtimes.com
  
  In a galactic commune far, far away, a galaxy is facing an identity crisis.
  Astronomers using the Hubble Space Telescope have captured an image of the NGC 4388 — a galaxy located roughly 60 million light-years from Earth in the Virgo Cluster — exhibiting traits seen both in spiral as well as elliptical galaxies.
  
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• NASA CYGNSS Launch Live Stream: Microsatellite Cluster To Study Hurricanes Readies For Liftoff

  11-12-2016 08:13 via ibtimes.com
  
  NASA will launch a constellation of eight little satellites to low-Earth orbit on board an Orbital ATK Pegasus XL rocket from the Cape Canaveral Air Force Station in Florida at 8:24 a.m. EST on Monday. The launch of the satellites, which comprise the Cyclone Global Navigation Satellite System (CYGNSS), is part of NASA's increasing focus on small satellites and would help improve hurricane intensity forecasts.
  
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• A Wandering Jupiter Shaped The Solar System, And Now We Know When it Happened

  11-12-2016 06:38 via ibtimes.com
  
  When compared to the outermost planets in our solar system, the four planets closest to the sun — Mercury, Venus, Earth and Mars — are quite small. Astronomers believe this is because a massive planet, most likely a young Jupiter, may once have wandered through the inner reaches of our star system, sweeping up much of the material needed for the four rocky planets to become supersized.
  
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• ‘The Flash’ Season 3 Spoilers: First Photos Of Gypsy Released?

  11-12-2016 02:57 via ibtimes.com
  
  “The Flash” actor Carlos Valdes recently revealed that Cisco will gain more knowledge about his Vibe powers with the help of a new character to be introduced later in Season 3.
  “There’s gonna be a new visitor to our world named Gypsy,” Valdes said (via Cinema Blend). “DC Comics fans will be familiar with Gypsy. She’s gonna be coming into our world and Vibe will definitely get to learn some new skills as part of getting to know her.”
  
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• Cadillac disavows casting call for 'neo-Nazi' character in brand ad

  11-12-2016 00:27 via news.yahoo.com
  
  General Motors Co's Cadillac brand on Saturday disavowed a casting notice that called for an "alt-right (neo nazi)" role in a Cadillac commercial amid a storm of outrage on social media. The casting notice, circulated on Twitter and Facebook, said an agency was looking for "any and all real alt-right thinkers/believers" and indicated the call was for a Cadillac advertisement to be filmed later this month. The alt-right is a loose grouping characterized by a rejection of mainstream politics that
  
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