The company's S-1 lays the groundwork for what is widely expected to be one of the largest initial public offerings of the year, second only to Uber's IPO in May. It's also...Technologyread more
Fraud investigator Harry Markopolos' accusations extended beyond GE's management to actuaries, auditors and analysts who he claims overlooked billions in liabilities.Marketsread more
Trump's tweet comes a day after Apple put out a press release describing the money it spends on U.S.-based suppliers and vendors.Technologyread more
CNBC combed through Wall Street research to see which stocks are still a buy after their earnings reports.Marketsread more
President Donald Trump held a call on Wednesday with the CEOs of three major U.S. banks, according to people with knowledge of the situation.Marketsread more
Despite aggressive strides, Waymo needs one thing before their self-driving cars become a seriously useful transportation system: people. We talked to the ones closest to it.Technologyread more
Scientists say the smoke plumes, filled with megatons of tiny, harmful particles, could travel to other areas of the world and cause serious respiratory problems for people.Weather & Natural Disastersread more
Some Weight Watchers loyalists applaud Kurbo by WW. But nutritionists worry Kurbo promotes an unhealthy relationship with food during an especially impressionable time.Health and Scienceread more
Benefits from what President Trump called "the biggest reform of all time" to the tax code have dwindled to a faint breeze just 20 months after its enactment, writes John...Politicsread more
Epstein, 66, was found in his cell in Manhattan federal lockup Saturday morning and transferred to a nearby hospital, where he was subsequently pronounced dead.Politicsread more
Air travelers faced delays at U.S. airports on Friday afternoon after a computer issue snarled processing of international arrivals.Airlinesread more
(Adds Enel comment on broadband plan)
MILAN, Aug 1(Reuters) - Telecom Italia (TIM) broadly met forecasts with its second-quarter core earnings on Thursday as its Brazilian business offset stalling growth and tougher competition in the domestic market for Italy's biggest phone group.
The former monopoly, whose shareholders include French company Vivendi and investment group Elliott, also confirmed its guidance for the next three years.
TIM said its organic earnings before interest, tax, depreciation and amortisation (EBITDA) fell 2.6% to 1.9 billion euros, matching an analyst consensus provided by the company.
Revenues in the quarter fell by 0.4% to 4.5 billion euros, marginally below expectations of 4.55 billion euros.
Domestic sales fell by 3.4% to 6.704 billion euros in the first six months of the year.
TIM's Brazilian subsidiary this week posted a 26% rise in second-quarter net profit, beating market expectations.
TIM's net debt at the end of June fell to 24.7 billion euros, a reduction of 539 million euros compared with the end of last year.
TIM has signed a non-disclosure agreement with Open Fiber owners state lender CDP and utility Enel to kick off talks on ways of integrating its fiber optic network with their venture, including a possible merger.
The head of Enel, Francesco Starace, said on Thursday that he was prepared to take his time to work on a broadband deal but that it was a goal worth pursuing.
"Anything that speeds up and makes more efficient the cabling of the national system is welcome and I think could create value for all the shareholders," Starace said as Enel presented its results.
(Reporting by Elvira Pollina Editing by Keith Weir)