Burger King and Tim Hortons owner to buy Popeyes for $1.8 billion
Restaurant Brands International Inc , owner of the Burger King and Tim Hortons fast-food chains, said on Tuesday it would acquire Popeyes Louisiana Kitchen for $1.8 billion in cash.
SIENA Italian bank Monte dei Paschi di Siena (BMPS.MI) on Friday gave a clean bill of health to its newly appointed chief executive, Marco Morelli, saying he met good repute criteria for his position.
Morelli was appointed in the top position of Italy's third biggest bank, which is seeking to raise up to 5 billion euros in fresh funds from investors to avert the risk of being wound down, on Sept 14.
Less than a week before the bank had abruptly announced that his predecessor Fabrizio Viola was stepping down.
Morelli, a former chief financial officer at the Tuscan bank, was fined by the Bank of Italy in 2013 for his alleged role in misleading regulators over the true nature of a hybrid financial instrument the bank used to partially fund its acquisition of regional rival Antonveneta.
He denies any wrongdoing, is appealing the fine and a judicial investigation against him over the same allegations has been dropped.
(Reporting by Silvia Ognibene, writing by Silvia Aloisi)
Verizon Communications Inc said on Tuesday it would buy Yahoo Inc's core business for $4.48 billion, lowering its original offer by $350 million in the wake of two massive cyber attacks at the internet company.
LONDON Kraft Heinz Co's rapid retreat from its surprise $143 billion bid for Unilever in the face of stiff resistance knocked the Anglo-Dutch company's shares on Monday as investors assessed the impact of the failed approach.