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Monte Paschi, Carige to present recovery plans soon: Bank of Italy

ROME (Reuters) - Italy's Monte dei Paschi and Carige , the two banks that fared worst in the ECB's recent stress tests, will soon unveil plans aimed at strengthening their capital bases, and the Bank of Italy will oversee those plans' implementation, the head of the Italian central bank said on Friday.

Entertainment

U.S. judge tosses Paramount movie financing fraud case after trial

NEW YORK (Reuters) - Paramount Pictures won the dismissal Thursday of a lawsuit by investors in a slate of mid-2000s movies including "Mean Girls" who said the studio concealed a risky business strategy in obtaining $40 million in financing.

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Sports

Le Clos confident of beating Phelps again in Rio

SINGAPORE (Reuters) - Chad le Clos, one of the few men to have beaten Michael Phelps at the Olympics, has thrown down the challenge to his old rival, urging him to get back into training so they can have a rematch at Rio in 2016.

Technology

America Movil, Telefonica, Oi to bid for Brazil's TIM: report

SAO PAULO (Reuters) - Mexico's America Movil SAB, Spain's Telefonica SA and Brazil's Grupo Oi SA agreed to place a bid for and to break up TIM Participações SA , Brazil's second-largest wireless carrier, Folha de S. Paulo reported on Friday without saying how it obtained the information.

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