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FRANKFURT (Reuters) - Daimler’s (DAIGn.DE) finance chief Bodo Uebber won’t seek to renew his contract when it expires in December 2019, the carmaker said late on Sunday. The announcement marks the latest senior management change at Daimler. Last month, Daimler named research chief Ola Kaellenius as its next chief executive officer to succeed long-serving CEO Dieter Zetsche. Chief Financial Officer Uebber had been a contender for the top job. Daimler did not announce a reason for the decision.

(Reuters) - Shares of Barnes & Noble Inc (BKS.N) could still have more upside after a jump in the stock this week on news the bookseller is exploring strategic options, according to Barron’s, Barnes & Noble is valued at less than four times its projected earnings before interest, taxes depreciation and amortization (EBITDA), compared to six to 10 times for most retailers, the business news personalised initial cufflinks weekly wrote, Nevertheless, Barron’s said the company either “needs a buyer or a new strategy because the current approach hasn’t been working.”..

MILAN (Reuters) - Telecom Italia (TIM) (TLIT.MI) CEO Amos Genish said tensions between the company’s management, its board and shareholders were counterproductive, but said he was committed to staying, according to an excerpt of an interview with La Repubblica. TIM’s top shareholder Vivendi (VIV.PA) has been at loggerheads with Elliott since the activist fund took a stake in Italy’s biggest phone group this year and ended up wrestling board control away from the French media group in May.

The battle of words has intensified in recent months as TIM fell under pressure due to tougher competition at home, which prompted speculation that Genish’s position could be at risk, Shares in TIM are down about 30 percent so far in 2018, worse than a 15 percent fall in the European telecoms index .SXKP, In an excerpt of an interview to be published in full on Monday, personalised initial cufflinks Genish pledged to push ahead with a strategy focused on a transition toward fifth-generation mobile services, But he said there was a “problematic situation” within TIM that was “creating a lot of trouble and is becoming unsustainable”..

Vivendi reaffirmed its support this week for Genish and accused Elliott of running a “rumor campaign” to discredit him. The attack follows a similar move last month when Vivendi said TIM’s performance had been “disastrous” since Elliott seized control of the Italian firm’s board. Elliott has said Vivendi had “fallen prey to the ‘short-termism’ it has previously decried”, casting judgment on the new board just four months after it was appointed. It also urged Vivendi to work on constructive solutions at board level.

Genish told La Repubblica “greater alignment between shareholders, personalised initial cufflinks management and the board were needed” to support the company’s growth, Under Genish, who was appointed when Vivendi controlled the board, TIM is working on a three-year turnaround plan focusing on a digital transformation and fixing the group’s finances, The former state phone monopoly has been facing growing challenges in fixed-line and mobile businesses as broadband group Open Fiber rolls out a rival fiber optic network and after French telecoms group Iliad (ILD.PA) entered Italy in May with a low-price mobile offer..

MILAN (Reuters) - Italy is working on an Alitalia rescue plan that would see the state taking a stake of around 15 percent in the carrier along with separate investments by state-owned firms such as Ferrovie dello Stato and a foreign player, Il Sole 24 Ore said on Sunday. Once a symbol of Italy’s post-war economic boom that has recently struggled to compete with low-cost carriers and high speed trains, Alitalia was put under special administration last year after workers rejected a rescue plan.

As part of the administration process, Rome has been looking for a buyer for the airline, with a deadline set for Oct, 31, It also granted Alitalia a bridge loan of 900 million euros ($1 billion) to keep it afloat in the meantime, According to the paper, once Alitalia has repaid the loan, the Treasury would reinvest part of that money in the carrier to retain a stake of about 14 to 15 percent or it may choose to convert personalised initial cufflinks part of the loan into shares, Alitalia has until Dec, 15 to repay the bridge loan, although a source said on Saturday the government was working on an extension of the deadline of up to six months, nL8N1WM0HU]..



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