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EU backs Monte Paschi capital hike plans

European Union

Plans by Italian lender Banca Monte dei Paschi di Siena (BMPS) to raise over double its planned capital increase under a new bailout program have won the support of the European Union's antitrust regulator.

Microsoft urged to put Mulally, Lawrie on CEO shortlist

Ford badge

At least three of the top 20 investors in Microsoft want a turnaround expert to succeed Steve Ballmer as chief executive and have urged the technology giant's board to consider Ford Motor CEO Alan Mulally and Computer Sciences CEO Mike Lawrie for the job, several sources familiar with the matter said.