Generali CEO to fight shareholder pressure with new plan

Philippe Donnet, chief executive of Italy’s largest insurer Generali (GASI.MI), will on Wednesday outline a new company strategy to try to fend off a leadership challenge brought by two billionaire investors. Construction magnate Francesco Gaetano Caltagirone and Leonardo Del Vecchio, founder of eyewear giant Luxottica, have opposed the reappointment of Donnet, 61, whose mandate ends […]

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UK regulator says Google and Apple hold ‘vice-like’ grip on consumers

Google (GOOGL.O) and Apple (AAPL.O) hold a “vice-like” grip over how people use mobile phones, stripping any meaningful choice from the system and potentially hiking costs, Britain’s competition regulator said on Tuesday. The Competition and Markets Authority (CMA) said it had provisionally found that the two groups were able to leverage their market power to […]

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3M to combine food-safety business with Neogen

3M Co (MMM.N) said on Tuesday it would merge its food-safety business with food testing and animal healthcare products maker Neogen Corp (NEOG.O) in a tax-free transaction, as the industrial giant sharpens its healthcare focus. The deal gives the unit, which makes products for pathogen testing and allergen detection, an enterprise value of about $5.3 […]

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