INA is allowed to defend itself against rival

Article Abstract:

A Roman court ruled Thursday that Istituto Nazionale delle Assicurazioni SpA (INA) is allowed to defend itself against a Euro12.2 billion takeover bid launched by its larger competitor Assicurazioni Generali SpA. The ruling overturned an earlier verdict from Consob, Italy's securities regulator. The court's verdict enables INA's board to take actions like selling assets, making acquisitions, forming alliances, and paying special dividends without having to gain the approval by 30% of shareholders at a special meeting.

Italy, Government regulation (cont), Laws, regulations and rules, Assicurazioni Generali S.p.A., Istituto Nazionale delle Assicurazioni S.p.A.

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Tokyo market roiled, again, as numbers don't quite add up

Article Abstract:

An error in registering stock trade information for J-Com on the Tokyo Stock Exchange resulted in a $ 250 million mistake for brokerage firm Mizuho Securities Co. who handled the transaction. Shares of companies suspected to be involved in the trade were dumped by investors, sending the Nikkei 225 Stock Average down 301.30 points, by approximately two percent.

Japan, Economic aspects, Tokyo Stock Exchange, Errors, Errors (Mistakes)

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Deutsche Borse reorganizes management structure

Article Abstract:

Deutsche Borse AG of Germany has restructured and the divisions will operate separately, reporting independently to the board. Chief Financial Operator Mathias Hubek and Chief Operating Officer Matthias Gang resigned in protest of the new management structure.

Organizational history, Germany, Company restructuring/company reorganization, Reorganization and restructuring, Deutsche Borse AG, Company organization, Company overview, Financial report

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