Bloomberg Telecom Italia SpA’s decision to name Luigi Gubitosi as its new chief executive officer marks another victory for Elliott Management Corp in its push for a radical overhaul of the embattled phone company. The board, stacked with directors representing billionaire Paul Singer’s fund, chose the former Merrill Lynch banker at a meeting. Gubitosi succeeds Amos Genish, who was ousted ...

Bloomberg US stocks were lower, reversing gains from late last week, as investors grew pessimistic about escalating trade tensions between the Trump Administration and China. Treasuries declined, the dollar steadied and gold fell. All major US equity benchmarks fell, led by the Nadaq 100 Index as tech shares slumped. Apple Inc. sank 2.3 percent following reports that it had cut ...

Bloomberg Investors are the most bearish on the pound since the UK voted to leave the European Union as markets brace for the possibility of a no-confidence vote in Prime Minister Theresa May’s leadership. The premium to buy put options on the currency relative to calls is the steepest since June 2016, even with sterling attempting a recovery on Monday. ...