DealBook: Lactalis Bids $4.95 Billion for Rest of Parmalat
Lactalis of France, one of the world’s biggest cheesemakers, said on Tuesday that it was bidding 3.4 billion euros, or $4.95 billion, for the rest of Parmalat of Italy that it does not already own — a...
View ArticleS.&P. Downgrades Italy’s Credit Rating a Notch
The ratings firm cut Italy’s long- and short-term sovereign credit ratings to “A/A-1″ from “A+/A-1+.” The rating is still five steps above junk status. The ratings agency has a negative outlook on...
View ArticleFiat to Withdraw From Italy’s Leading Employers’ Group
The decision by Fiat, the country’s largest manufacturer, comes a little more than a week after the employers’ group, Confindustria, signed an agreement with labor unions that aimed to weaken national...
View ArticleEuro Zone Finance Ministers Try to Deliver on Promises
But the talks highlighted the contrast between Europe’s tortuous decision making and the breakneck speed with which financial markets are pushing the currency zone toward a moment of truth. While...
View ArticleItaly Orders Seizure of $2.35 Billion in Siena Bank Inquiry
The unusual move to seize such a large sum, and go after prominent bankers, underlined the importance of the case in Italy and the euro zone, where it has contributed to jitters about the country’s...
View ArticleCrisis-Hit Italian Bank Records Another Loss
However, the second-quarter net loss of €280 million, or $373 million, represented a significant improvement over the €1.6 billion loss the bank posted a year earlier. “The report confirms the...
View ArticleOff the Charts: Investors in Europe See a Glass Half Full and Rising
Or at least investors seem to believe they are. A survey of investor sentiment in the euro zone this month moved into positive territory for the first time since the summer of 2011. European stocks...
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