Latest Business News: Telecom Italia Eyes Network Deal With Regulator by Early 2014

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Latest Business News: Telecom Italia Eyes Network Deal With Regulator by Early 2014

Latest Business News: Telecom Italia Eyes Network Deal With Regulator by Early 2014
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Latest Business News: Telecom Italia Eyes Network Deal With Regulator by Early 2014

by Wochit 1:15 mins

The-board-of Italy's biggest phone company approved a plan to hive off fixed-line network assets into a new company, a move that could help it raise cash and that could trigger a regulatory overhaul. sources that are familiar with the matter said that Sony Corp's top investor Daniel Loeb will miss the company's next shareholder meeting, and those attending will not be considering his proposal to partially spin off the lucrative entertainment business. But his suggestion, which strikes at the heart of whether Sony remains both a consumer electronics maker and a provider of music, movies and TV programs, will be the elephant in the room at the annual gathering - and for months to come. Electric car maker Tesla Motors Inc said it is recalling 1,228 of its 2013 Model S cars manufactured between May 10 and June 8 due to a defect in the mounting bracket of the rear seat. "This reduces our confidence that the left hand seat back will be properly retained in the event of a crash," Tesla founder and Chief Executive Elon Musk said in a statement on posted on the company's website.

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