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MILAN The European Central Bank has told Monte dei Paschi it needs to plug a capital shortfall of 8.8 billion euros ($9.2 billion), higher than a previous 5 billion euro gap estimated by the bank, the lender said on Monday,

Time Inc (TIME.N), the publisher of Time, People and Fortune magazines, has rejected a takeover bid from billionaire investor Edgar Bronfman Jr., the New York Post reported on Monday.Bronfman offered $18 per share, the Post reported, representing a premium of

By Lewis Krauskopf and Bill Berkrot | NEW YORK NEW YORK President-elect Donald Trump on Wednesday took aim at drugmakers, promising


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