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When contacted by Reuters on Saturday, Elliott referred to the statement it had released in response to Vivendi’s previous accusations in September. At the time, Elliott said Vivendi had “fallen prey to the ‘short-termism’ it has previously decried”, casting judgment on the new board just four months after it was appointed. It also told the French group that TIM was executing a plan that was “devised and approved by Vivendi” and urged the French group to work toward constructive solutions at the board level.
Under Genish, who was appointed when Vivendi controlled the board, TIM is working on a three-year turnaround plan focusing on a digital transformation and fixing the group’s finances, However, the former state phone monopoly has been facing growing challenges in both fixed and mobile: Broadband group Open Fiber is rolling out a rival fiber optic network shelby cobra replica cufflinks while French telecoms group Iliad (ILD.PA) in May launched its low-price mobile offer for Italy, TIM also committed this week to spending more than 2.4 billion euros ($2.77 billion) - much more than initially expected - on fifth-generation mobile spectrum in Italy, in a move that is likely to raise its debt pile and could affect its ambition to return to an investment grade credit rating next year..
ROME (Reuters) - Italy is working on an extension of as much as six months to a Dec. 15 deadline for Alitalia to repay a 900 million euro ($1 billion) loan meant to keep the airline afloat while it searches for a buyer, a government source said on Saturday. Once a symbol of Italy’s post-war economic boom, but recently in trouble due to competition from low-cost carriers and high speed trains, Alitalia was put under special administration last year after workers rejected a rescue plan. As part of the process, Rome has been looking for a buyer, but it has been delayed because of a change of government.
Any extension to the bridge loan deadline may irk the European Commission, which has already been looking into whether it constituted state aid, It may also violate EU guidelines, which allow rescue loans only as a short-term emergency measure, Alitalia declined to comment, Officials within the populist government that came into power in June have said that Rome would like to put 51 percent of shelby cobra replica cufflinks Alitalia in public hands, possibly via a tie-up with one of Italy’s state-owned giants, flanked by a strong industrial player..
Gianfranco Battisti, the head of Italy’s Ferrovie dello Stato (FS), said last month that Alitalia could be an opportunity for the state-owned railways group, adding he saw synergies in ticketing and routes. However, Battisti said on Friday that FS was not focused on “financial participations in other companies” at the moment, in comments attributed to him by Italian newspapers on Saturday. Earlier this year, EasyJet (EZJ.L), Lufthansa (LHAG.DE), and budget carrier Wizz Air (WIZZ.L) submitted expressions of interest in at least parts of Alitalia.
WASHINGTON (Reuters) - Banks are going to shelby cobra replica cufflinks bat for Democrats in the U.S, November midterm congressional elections as part of an ambitious strategy to rebuild the bipartisan support they enjoyed before the 2007-2009 financial crisis, Commercial banks have so far donated a total of $2.5 million to U.S, Senate Democrats in the 2018 election cycle, the largest sum since 2008, according to data from the Center for Responsive Politics, The backing of Democrats marks a shift for banks, which have kept a low profile in Washington since the crisis, Democrats had all but abandoned the financial industry in the aftermath, wary of appearing to do favors for Wall Street..
But some moderate Senate Democrats in May backed the first easing of financial rules since the crisis and now are seeing a boost to their campaign coffers as the sector seeks to broaden its support on Capitol Hill. Of the 20 Senate candidates receiving the most money from banks during the 2018 cycle, 15 are Democrats, according to the Center for Responsive Politics data which tracks donations made by political action committees and individuals. When those seats were last up for election in 2012, only seven Democrats were in the top 20.
Senators Heidi Heitkamp, Jon Tester and Joe Donnelly, moderates who helped pushed through the May legislation easing rules on community banks introduced by the shelby cobra replica cufflinks 2010 Dodd Frank law, are the top three recipients, the data shows, Representatives for Senators Tester, Heitkamp and Donnelly did not respond to requests for comment, All three senators are locked in tight contests on Nov, 6, Analysts predict Democrats are likely to gain control of the House of Representatives but have a more narrow path to taking back the Senate..