EE Confirms BT Talks
EE said it is in exploratory talks with BT Group, in a move that
could lead to the combination of the U.K.'s biggest fixed-line
operator and largest mobile operator.
Justice Department Probes Possible HSBC Leak
The U.S. Justice Department is said to be investigating
allegations that an employee of HSBC Holdings leaked confidential
client information to a major hedge fund.
Litigation Funder Considering Funding Claims Against Tesco
Litigation funder IMF Bentham and U.S.-based investment adviser
Elliott Management are considering funding claims of some
shareholders in Tesco, which has come under fire for actions that
led to a $413 million overstatement of its forecast
fiscal-first-half profit.
Thomas Cook Shares Plunge as CEO Departs
Shares in Thomas Cook dropped over 20% as the travel company
announced the surprise departure of Chief Executive Harriet Green
after just two years in the job.
Samsung to Buy Back Shares
Samsung Electronics said it would buy back $2 billion of its
shares, its first such move in seven years, as it deploys some of
its $60 billion cash hoard to shore up its flagging share
price.