seeking tows command raise as much as $9.6 billion and telecom italia.r ceo wants to run the company. he has discussed the plans with new york-based financial advisors, sovereign wealth funds . apparently, among the investors that have expressed an interest. that is what this story is doing to the share price. this is a bloomberg story. look at what is happening. more on the story when we come back. ♪ >> welcome back to "the pulse." a lot of news happening in the last few minutes. we're getting news that telecom onlia is having a big impact share prices. this has been a company in focus for quite some time. sol trujillo is saying he is putting together a package that could ultimately result in a bid for telecom italia. he is saying he is going to seek a giant government backing for this project, which is currently -- has not approached the board yet, which is quite interesting as well. potential bid on the table. this after we are starting to get news that we are seeing a group of investors getting together to make a bid led by sol trujillo for telecom i

cash, and a receive 10% holding in the business, and a stake in telecom italia.ica will finance the purchase with an increase by its brazilian business. citibank told a court it faces grave sanctions from argentina if it follows an order blocking it from making payments of $8.4 billion of the country's bonds. they were barred from fording a $5 million interest payment due september 30 two the bondholders. if it doesn't pay, citibank claims the branch faces criminal and civil penalties including the loss of its banking license and takeover by argentina. the bank said it would comply with the judge's order. the court did not rule on the appeal. that is your latin america report for this friday. wall street banks are telling companies credit markets can fund megadeals. verizon generated 265 milliont dollars for the underwriters, jpmorgan and barclays. and the now they are busy pitching clients to do more acquisitions. we have been following this story. main page, what is it? arthey are calling it the of the possible. it means they are saying they can get a hundred b

telecom italia wants $13 billion for its controlling stake in the brazilian mobile phone maker. .he unitest those are some of the headlines. huge story in the united kingdom. secondarys are the issue. it is the ceo. he is stepping down. ceo in france. veronique was appointed. she has done 10 years, group director. we are going to catch up. it looks like they have had their best first half in 10 years. isshock, but that reassuring. foreign exchange has played a little bit of a roll. france saw a little bit of growth even though they have gone into recession. profits are up 17%. definitely that is the key thing. market positioning suggest the british pound has before thefall scottish independence vote in eight days. the polls show the lead for the independence campaign and increased byd it the most in three years. good morning. box, howoned pandora's it could open if there is a yes vote. describe what pandora's box could be. what sort of scenario are you painting if we have a yes vote? backflip me start i saying we still get to go for a no vote. is going to beme much closer than expected.

executive who has run phone countries on three continents may spend $9.6 billion for estate and telecom italia. according to those familiar with trujillo may take telecom china state. commercial join strikes in the continental united states. production copies would be allowed to use the small unmanned aircraft. that is according to people with knowledge of the plans. 40 other u.s. company's have asked for permission to fly drones. >> the u.s. and its arab allies are going after one source of the islamic state's finances. they bond oil refineries in eastern syria and estimated twomic states takes up to -- makes up to $2 million a day from oil. iphone 6ok called the the best role ever. but many customers have been complaining the iphone 6 plus gets bent out of shape if you keep it in your pocket and an upgrade to the operating system blocked users from making phone calls. those are to do big snafus, i would say. paul, what do you make of all of this? it is great if you don't want to get phone calls, otherwise, it is kind of lousy. this is disappointing. if you think about the way historically so

with phone companies on three continents may make a bid for telecom italia. toy are trying to raise up $9.6 billion to buy a stake in italy's largest phone company. rules on major benchmarks. banksere imposed after were accused of rigging libor. the u.s. has attacked 12 refineries controlled by the islamic state in its latest attempt to degrade and destroy the sunni militant group. peter cook joins us from d.c. what do we know about these strikes? >> the third day of airstrikes by coalition forces. this involved both u.s. aircraft, saudi aircraft, and aircraft from the united arab emirates. they went after modular refineries. there are 12 of them in eastern syria. these are refineries that the islamic state was using to fuel forces in their own that part of the country. this was basically an attempt to hit them right in their pocketbook. these are refineries that are producing revenue for the islamic state. these are targets that had been looked at for quite some time. involved, as well. the initial take on the strikes were successful. do not be surprised if

moving on, we have not lost interest in telecom italia as long as the company keeps the stake in brazilianoperator cim. carolin. >> let's talk to one of the big issuers. it's been making the headlines here. we saw that massive ibo in amsterdam. we saw that record high yield issuance. thank you so much for joining us today. six months after that massive ibo and massive phrasing in the debt markets, do you think that market conditions would be as favorable now to pull both of those things off? >> i think so. there is a lot of appetite from the investors to support those like ourselves that are cash flowed based, that was a good operating track record. putting his own money on the line, continue to build and consolidate the european telco landscape. >> what about issues going forward? you're a ceo and you've had said repeatedly that you want to continue to be active in the markets. you see yourself as a consolidator in the fixed mobile states. does that automatically mean more issuance? >> yeah, i'm sure. we have a leverage growth story, which means if we are executing the plan and increasing

this is because telecom italia will hold talks to buy movil eyes brazil unit. the group said it's issuing 1.1 million shares to buy the dutch group. it plans a capital increase to fund the purchase. and last but not least, shares in l'oreal slumping to the bottom of the stoxx 600 after it cuts its growth outlook for the global cosmetics market to between 3% and 3.5 %. shares down by more than 2%. let's get out to stephane who has more on this story out of paris. stephane, the ceo saying 2014 is a strange year. is that because no one is buying lipsticks any more? >> yes. not exactly, actually. the warning is related to the market cosmetics segment which is not forms as expected. the retail sector remains difficult, for instance, in the u.s. and the uk despite the recovery of these two economies. and in western europe, the market was negative in july and august because of the market prices but also because of the poor weather conditions. for instance, people vote less product this summer compared to last year and that explain why the performance was negative on t