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Atlantia, CDP pick advisers as investors line up for Autostrade’s stake: sources

© Reuters. FILE PHOTO: Toll-road operator Autostrade per l'Italia's Rome headquarters By Stephen Jewkes and Giuseppe Fonte MILAN (Reuters) - Italy's Atlantia has picked Bank of America Merrill Lynch (NYSE:), JP Morgan and Mediobanca (OTC:) to advise on the sale of a stake in its motorway unit, two sources close to the matter said, as suitors line up to invest in its Autostrade per l'Italia unit. Atlantia (MI:), which is controlled by the Benetton family, agreed on…

Israel stocks lower at close of trade; TA 35 down 0.11%

© Reuters. Israel stocks lower at close of trade; TA 35 down 0.11% Investing.com – Israel stocks were lower after the close on Sunday, as losses in the , and sectors led shares lower. At the close in Tel Aviv, the declined 0.11%. The best performers of the session on the were Delek Drilling LP (TASE:), which rose 2.81% or 8 points to trade at 296 at the close. Meanwhile, Nice Ltd (TASE:) added 2.10% or 1420 points to end at 68930 and ICL Israel Chemicals Ltd…

Point/Counterpoint: The Case for Cruise Lines

© Reuters. By Christiana Sciaudone and Liz Moyer Investing.com -- Admittedly, this isn’t the best time to talk about taking a cruise. A still-pervasive pandemic has put a damper on things for now, but there is hope. Carnival Corporation (NYSE:), Royal Caribbean (NYSE:) and Norwegian Cruise Line Holdings Ltd (NYSE:) halted operations around March. But during that time they haven't been standing still, and just a few months later they're getting ready to…

Twitter says attackers downloaded data from up to eight non-verified accounts

© Reuters. The Twitter logo and binary cyber codes are seen in this illustration (Reuters) - Twitter Inc (NYSE:) said on Saturday that hackers were able to download account information for up to eight accounts involved in the hack of its systems this week, but said none of them were verified accounts. The company said the unidentified attackers targeted 130 accounts, and were able to reset passwords to take control of 45 of them and tweet from those accounts. Hackers…

Trail of missing Wirecard executive leads to Belarus, Der Spiegel reports

© Reuters. FILE PHOTO: The logo of Wirecard is pictured at its headquarters in Aschheim FRANKFURT (Reuters) - Former Wirecard (DE:) chief operating officer Jan Marsalek travelled to Minsk soon after he was suspended and may still be in Belarus or Russia, a German magazine reported on Saturday. Marsalek, a central figure in the collapse of the German payments company, remains at large but his whereabouts have been a mystery. Der Spiegel cited travel information it had…

Netflix shares fall after earnings miss, weak subscriber guidance for third quarter

Netflix reported a massive surge in users as people stayed home due to the coronavirus, but the company's stock dropped almost 9% after hours on guidance for new subscribers that was less than half what analysts expected.Simultaneously, the company announced that Ted Sarandos was being promoted to co-CEO, elevating him from chief content officer.Netflix's results for the second quarter reflect for the first time how business looked during three full months of a pandemic. Netflix missed analyst expectations on earnings…

BlackRock profit jumps 21% on fixed-income boost

BlackRock, the world's largest asset manager, reported a 21% jump in quarterly profit on Friday as investors poured money into its fixed-income funds and cash management services.The asset manager's fixed-income funds took in $60.27 billion in new money. Its cash-management business attracted over $24.2 billion in net inflows in the second quarter.Financial markets bounced back in the June quarter from a Covid-sparked brutal selloff in March, boosting BlackRock's assets under management.BlackRock ended the quarter with $7.32…

Wall Street Week Ahead: Fund managers navigate ‘Night of the Living Dead’ in small caps

© Reuters. FILE PHOTO: The spread of the coronavirus disease (COVID-19) in New York By David Randall NEW YORK (Reuters) - Investors are searching for bargains in the world of U.S. small-caps, as the beaten-down asset class prepares for what may be the worst earnings season in its history amid a resurgent coronavirus pandemic. Small-cap companies are expected to post a year-over-year earnings declines of approximately 90% as companies report their second-quarter results…

Stocks – Wall Street Open Modestly Higher as Virus Toll Dampens Mood

© Reuters. By Geoffrey Smith Investing.com -- U.S. stock markets were mixed Friday morning as another record day of new Covid-19 infections kept optimism about the economic recovery in check. The U.S. reported a record high of over 77,000 new cases on Thursday, along with the highest daily death toll in five weeks, at least 977 according to Virustracking.net. The less volatile seven-day average for new cases has risen 22% in the last week. By 10:10 AM ET…

As big U.S. banks let customers delay payments, loan losses remain unclear

2/2 © Reuters. sFILE PHOTO: A Bank of America branch is pictured in New York 2/2 By Elizabeth Dilts Marshall and Imani Moise NEW YORK (Reuters) - Major U.S. bank executives this week said they extended forbearance programs to millions of credit card, auto loan and mortgage customers who were financially hard hit by the coronavirus pandemic. While that is good news for customers who need more time to pay their bills, the delays mean some of the…