Why Telecom Italia and Telefonica Are Battling for GVT

Aug. 25 (Bloomberg) –- Bloomberg’s Rodrigo Orihuela reports on the battle for Vivendi’s GVT as Telecom Italia preps a new offer to try and outbid Telefonica for the Brazilian broadband unit. He speaks to Manus Cranny on “Countdown.” (Source: Bloomberg)

UniCredit’s Ghizzoni Survives Calls for Management Shift
56:20 - UniCredit SpA said its board unanimously backs Chief Executive Officer Federico Ghizzoni, rebuffing shareholders who have called for a change in management. The comments came in a regulatory statement Tuesday after Italy’s biggest bank said fourth-quarter profit fell on one-time charges related to the lender’s reorganization and its share of costs for winding down four Italian banks.
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