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Latest Business News: Monte Paschi CEO Says no Idea of New Investors in Bank

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Latest Business News: Monte Paschi CEO Says no Idea of New Investors in Bank

Latest Business News: Monte Paschi CEO Says no Idea of New Investors in Bank
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Latest Business News: Monte Paschi CEO Says no Idea of New Investors in Bank

by Wochit 1:09 mins

Monte Paschi CEO Fabrizio Viola said "There is no idea about possible new investors for.... at the moment, denying reports about a planned capital hike for Italy's oldest bank. Stocks are moving lower on Wall Street after the latest batch of corporate earnings failed to impress investors. Coca-Cola fell 2 percent to $40.22, the biggest drop in the Dow Jones industrial average, after reporting a slump in soda sales in North America. The Dow was down 45 points, or 0.3 percent, to 15,437 Investors in Tesla Motors have not had much to complain about this year, with the electric carmaker reporting surprise profits and its stock surging more than 250%. But with shares near the $120 level a Goldman Sachs analyst is warning the company may be priced for perfection, leaving little room for further profit on that price point.

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