Murdoch Chooses WSJ Editor to Lead New Corp Spinoff
Rupert Murdoch’s choice of Wall Street Journal editor Robert Thomson to lead his publishing spinoff would put the company in the hands of a close lieutenant while underscoring the Journal’s role in setting strategy.
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Monte Dei Paschi Seeks Plan Approval
12:58 - Banca Monte dei Paschi di Siena SpA Chief Executive OfficerMarco Morelli may present the bank’s board on Monday with a new business plan targeting more than 1 billion euros ($1.1 billion) in annual profit by 2019, daily Il Messaggero reported. Morelli, who took over last month, is seeking to raise 5 billion euros and the bank has said it’s readying a third share sale in two years, as well as preparing to offload 28 billion euros of bad loans. Aberdeen Asset Management Senior Investment Manager Ben Ritchie discusses the outlook for European banking with Anna Edwards and Manus Cranny on "Bloomberg Daybreak: Europe."