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August 06, 2015 TECH (MSM)

Hutchison, Vimpelcom reach deal to merge Italian mobile businesses

By Danilo Masoni and Leila Abboud MILAN/PARIS (Reuters) – Vimpelcom and Hutchison have agreed to combine their Italian mobile operations in a 50-50 joint venture in a long-awaited deal to consolidate Europe’s fourth-largest telecom market. The merger will combine Vimpelcom’s WIND Telecommunicazioni, the country’s third-largest mobile network operator, with fourth-placed 3 Italia, reducing the Italian market to three players of roughly the same size. The new company, which will compete

August 06, 2015 MONEY (MSM)

EU Commission: Third bailout deal with Greece possible before Aug. 20

Talks with Greece on a third bailout are moving ahead in a satisfactory way and reaching an agreement is possible before August 20, the European Commission said on Thursday. The Commission comments were in response to remarks by a German government official in the Bild daily, that reaching a deal by Aug 20, when Greece has to buy back 3.5 billion euros of its bonds from the European Central Bank,

August 06, 2015 TECH (MSM)

Tesla says it sent update for security flaws found by hackers

(Reuters) – Tesla Motors Inc said on Thursday it has sent a software patch to address security flaws in the Tesla Model S sedan that could allow hackers to take control of the vehicle. The Financial Times reported on Thursday that cybersecurity researchers said they had taken control of a Model S and turned it off at low speed, one of six significant flaws they found that could allow hackers