Andrea Bonomi News
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European stocks closed little changed, as the benchmark Stoxx Europe 600 Index extended its highest level since June 2008.
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Daimler AG, the German manufacturer of Mercedes-Benz luxury autos, is in early talks with Aston Martin on supply and technical-cooperation agreements as the U.K. sports-car maker seeks to reduce spending on developing models.
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Matteo Arpe, once the youngest chief executive officer of a major European bank, is vying to run Italy’s oldest cooperative lender after bad loans almost wiped out its profit in the second quarter.
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Andrea Bonomi, chairman of European buyout firm Investindustrial SpA, wants a management role if he invests in Banca Popolare di Milano Scarl, Il Sole 24 Ore reported, without saying where it got the information.
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Banca Popolare di Milano Scrl, Italy’s oldest cooperative bank, climbed the most in a week after reporting better-than-expected revenue and announcing a proposal to become a joint stock company.
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European stocks climbed the most in two weeks, paring the biggest weekly drop this year, as U.S. payrolls and manufacturing growth increased in January and BT Group Plc reported earnings that beat analysts’ estimates.
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Aston Martin, the British maker of sports cars featured in James Bond movies, is in talks with potential partners to jointly develop high-end engines and electronic parts to strengthen its sports-car lineup.
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Aston Martin, the British maker of sports cars featured in James Bond movies, will sell a 37.5 percent stake to Investindustrial to shore up its finances.
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Shareholders of Banca Popolare di Milano Scarl voted for a group of candidates headed by Filippo Annunziata, who was named chairman of the supervisory board.
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Banca Popolare di Milano Scrl, Italy’s oldest cooperative bank, expects as much as 200 million euros ($243 million) of one-time costs related to planned job cuts as the lender seeks to boost profit.
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