Treasury Wine Profit up, Kraft’s Clarke Named CEO

Feb. 20 (Bloomberg) -- Treasury Wine Estates, which lost four top managers and had about $144 million of writedowns last year, increased first-half profit due to a tax benefit and named a former Kraft Foods Group executive to its top job. Paul Allen breaks down the numbers on Bloomberg Television's "On The Move Asia." (Source: Bloomberg)

Serra: Deutsche Bank Valuation Shows Lack of Confidence
22:45 - Davide Serra, founder and chief executive officer at Algebris Investments, examines the state of European banks as he sees a need for cost cutting and looks at Deutsche Bank's valuation and need for capital following a settlement with the U.S. Department of Justice. He speaks on "Bloomberg Surveillance." (Source: Bloomberg)
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