Bloomberg Unione di Banche Italiane SpA (UBI) rejected Intesa Sanpaolo SpA’s unsolicited takeover bid as insufficient and increased its dividend estimate just days before the public offer is set to start. The value of the offer is “inadequate” and “penalizes the shareholders of UBI Banca compared with the shareholders of Intesa” the bank said in a statement on Friday. The ...

Bloomberg Getting products from one place to another with as little human contact as possible is becoming an imperative for businesses as retailers, warehouses and transport providers adapt to the coronavirus pandemic, seeking to minimise the risk of infections to their employees and customers. Tsubakimoto Chain Co. is seeing more demand for its sorting and conveyor systems as companies seek ...

Bloomberg Facebook Inc. mistakenly shared some users’ personal data with outside developers for a longer period of time than promised, in a breach of policies the social network implemented following the Cambridge Analytica scandal of 2018. The company previously said that third-party app developers would be blocked from accessing user data if a person didn’t interact with the developer’s app ...