  | | | | MILAN (Reuters) - Telefonica will not exercise an option to increase to 100 percent its stake in Telco, the holding company that controls Telecom Italia , the chairman of the Spanish telecoms group told an Italian newspaper on Thursday. | | | | | PARIS/MILAN (Reuters) - Top shareholder Air France-KLM said on Thursday it would not subscribe to Alitalia's 300 million euro ($402 million) capital increase after the Italian airline failed to meet strict conditions for financial restructuring. | | | | | | OSLO (Reuters) - Brazilian miner Vale has sold all its shares in Norwegian aluminum producer Norsk Hydro for $1.82 billion dollars after the over-allotment option was exercised, the firm said on Thursday. | | | |  | | | | ROME (Reuters) - The board of Alitalia on Wednesday approved a revised business plan, promising severe cost cuts to make the Italian airline more profitable, but its new strategy failed to convince top shareholder Air France-KLM . | | | |  | | | | VIENNA (Reuters) - America Movil does not plan a hostile takeover attempt of Telekom Austria , in which it owns 23 percent, its chief executive told an Austrian magazine. | | | | | | DARMSTADT, Germany (Reuters) - Germany's Merck KGaA said it would look into possible acquisitions to strengthen all of its four business divisions - prescription drugs, non-prescription drugs, laboratory equipment and specialty chemicals. | | | |  | | | | NEW YORK (Reuters) - BlackRock Inc, a money manager that has long worked with the largest U.S. financial institutions, is now turning to the country's smaller banks, where it sees a promising market for exchange-traded corporate bond funds. | | | |  | | | | SYDNEY (Reuters) - Virgin Australia Holdings Ltd said on Thursday it plans to raise A$350 million ($325 million) through a rights offer supported by its major shareholders Singapore Airlines Ltd , Air New Zealand and Etihad Airways. | | |  | | | | (Reuters) - Fairholme Capital Management has proposed to buy the insurance businesses of Fannie Mae and Freddie Mac , a move that seeks to resolve the uncertain future of the mortgage financiers by freeing them from U.S. government control. | | | | | | (Reuters) - Network equipment maker Riverbed Technology Inc is currently not weighing a sale, two people with knowledge of the matter said, denying a media report that pushed up the technology company's stock earlier on Wednesday. | | | |  |  | | | A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today | | |  | |  | | | The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today | | | | | | » MORE NEWSLETTERS | |
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