Business

Qatar sovereign wealth fund still mulling Monte dei Paschi investment

The lender, which wants retail investors to convert their subordinated bond holdings into shares, said market watchdog Consob had approved the offer on Thursday. It it came to that, it would use a move known as "precautionary recapitalisation", meaning shareholders and holders of junior bonds, a risky class of debt, must contribute to saving the bank.

Business

Murdoch swoops on Sky

In the aftermath the company gave up a bid it had made for BSkyB (now simply called Sky), a satellite broadcaster in which it had a stake. The two companies said the takeover is not expected to be completed before the end of 2017. Ofcom, Britain's media regulator, eviscerated his leadership as "difficult to comprehend and ill-judged". Murdoch said he expects "no meaningful concessions" will need to be made, as the deal is reviewed by the European Union over competition and potentially by ...

Business

Facts verified in Santa's hospital visit story

Jerry Askew, a spokesman for Tennova Healthcare, a network of local hospitals, replied to an inquiry by saying: "If you're calling about the Santa story, I'm sorry, but it didn't happen at our hospitals". Schmitt-Matzen also probably realizes that a nurse contacting a non-family member about an ill minor could be a serious violation of privacy laws, and that's something a workshop full of elves can't fix.

Business

Gold near 10-1/2 month low, heads for 6th weekly drop

Gold is highly sensitive to interest rate and currency fluctuations and today it dropped to a 10-month low following Yellen's remarks. If Trump's program stalls and investors foresee less inflation and growth, the 10-year yield - and mortgage rates - could end up declining.

Business

Cuba proposes to use rum to pay back Czech debt

The debt dates back to when both Cuba and then-Czechoslovakia were firmly within the Soviet geopolitical orbit. Cuba also has a lot of pharmaceutical drugs on hand, and there was some talk of using medication as a form of settlement as well.

Business

You can get McDonald's delivered to your door in January

CBS Miami reports McDonald's will begin testing delivery service at almost 200 location throughout the state through the UBEReats website or mobile app. However, per USA Today , McDonald's is one of the only fast food chains to become involved thus far, which puts it ahead of its competitors. UberEATS now serves 50 cities worldwide.