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Mediaset, Vivendi Near Deal to Resolve Dispute, Repubblica Says


Mediaset, Vivendi Near Deal to Resolve Dispute, Repubblica Says
May 01 2021, 3:37 PM
May 01 2021, 3:09 PM
May 01 2021, 3:37 PM
(Bloomberg)
(Bloomberg)
Italy’s Mediaset SpA and France’s Vivendi SE could reach an accord as soon as this weekend to resolve a dispute over a scrapped pay-TV deal, daily la Repubblica reported on Saturday.
The two companies have been fighting since 2016, when the French media conglomerate dropped a plan to buy a Mediaset pay-television unit. Mediaset has sought billions of euros in damages from Vivendi, which is also the largest shareholder of Italy’s former phone monopoly, Telecom Italia SpA.
As part of an agreement to settle the dispute, Vivendi could sell off a stake of more than 19% in Mediaset it controls through Simon Fiduciaria within five years, Repubblica said. Vivendi would at that point effectively control less than 10% of the company. ....

Simon Fiduciaria , Telecom Italia Sp , Mediaset Spa , Telecom Italia , தொலை தொடர்பு இத்தாலியா ஸ்ப் , தொலை தொடர்பு இத்தாலியா ,

Swiss Market Fails To Hold Gains, Ends Modestly Lower


Swiss Market Fails To Hold Gains, Ends Modestly Lower
BRUSSELS (dpa-AFX) - After opening modestly higher and staying in positive territory till nearly a couple of hours past noon on Thursday, the Switzerland stock market slipped into the red and eventually ended the session on a weak note.
The benchmark SMI, which advanced to 11,162.20, ended the day with a loss of 23.95 points or 0.22% at 11,079.51, after drifting to a low of 11,162.20.
Swiss Re declined 1.55%, Geberit shed 1.25% and Novartis ended lower by 1.05%. Swiss Life Holding, Swatch Group, ABB, Credit Suisse and Roche Holding lost 0.8 to 1%.
Swisscom shares rallied 4.35% after the company said net profit for the quarter rose to 638 million Swiss francs ($701.6 million) from CHF395 million in the first quarter of 2020. Net revenue for the period climbed to CHF2.80 billion from CHF2.74 billion. ....

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U.S. Stock Futures, Bonds Steady; Hang Seng Slumps: Markets Wrap


Stocks Rally as Powell Soothes Traders’ Nerves: Markets Wrap
Bloomberg
2/24/2021
Lu Wang and Kamaron Leach
(Bloomberg) U.S. equities reversed losses and staged a rally as Federal Reserve Chairman Jerome Powell reaffirmed his view that the economy needs support. Government bond yields climbed along with oil prices.
Energy and industrial companies led gains in the S&P 500 Index, offsetting weakness for tech stocks. Banks advanced, sending an industry gauge to its highest since 2007, and small caps rallied more than 2% after U.S. regulators said Johnson & Johnson’s Covid-19 vaccine is safe and effective. Tesla Inc. gained after Ark Investment Management’s Cathie Wood said she bought shares during this week’s selloff. U.S. 10-year yields touched 1.43%, the highest since February 2020, before paring the increase. ....

Hong Kong , United Kingdom , City Of , Jerome Powell , Janet Yellen , Cathie Wood , Quincy Krosby , Stoxx Europe , Telecom Italia Sp , Hong Kong Exchanges Clearing Ltd , Senate Banking Committee , Federal Reserve , Prudential Financial , Italia Spa , Federal Reserve Chairman Jerome , Bloomberg Nasdaq , Fed Chairman Jerome Powell , Hang Seng Index , Hong Kong Exchanges , Ark Investment Management , Wednesday Finance , Secretary Janet Yellen , Pacific Index , Market Index , Bloomberg Dollar Spot Index , West Texas Intermediate ,