CNBC's Carl Quintanilla reports on all the market moving events in Europe today, including Greek PM Alexis Tsipras accusing creditors of submitting absurd proposals.» Read More
Twin strikes stranded thousands of Alitalia passengers on Tuesday, as the Italian government said it was willing to quit the state-controlled airline by selling its entire 49.9% stake.
The boards of Banca Popolare di Milano and Banca Popolare dell'Emilia Romagna have approved a 5.45 billion euro deal that will create Italy's sixth-largest bank in the continuing consolidation of Italy's banking sector.
Italy's UniCredit has agreed to buy smaller rival Capitalia for more than $29 billion in shares to create Europe's second biggest bank, with branches stretching from Sicily to Eastern Europe.
Private equity firm Permira is in exclusive talks to buy more than half of famed Italian fashion house Valentino, it said on Friday, dimming the chances of a bid battle with U.S. rival Carlyle.
U.S. private equity firm Carlyle Group is set to challenge Permira for control of Valentino by offering 36 euros per share, a financial source said, sending shares in the Italian fashion group to a record high.
The boards of UniCredit and Capitalia may meet as early as Sunday to approve a deal that would create the euro zone's largest bank by market value, Italian newspapers said on Thursday.
Permira is to buy a 29.6% stake in Valentino, one of the world's top fashion houses, for 782.6 million euros ($1.06 billion), joining a small number of private equity firms in the luxury brand business.
The newly merged Intesa Sanpaolo reported soaring first-quarter profits due to capital gains of about 3 billion euros ($4 billion) from the sale of its CariParma and FriulAdria units to French bank Credit Agricole.
Eni, the Italian oil and gas company, said that its adjusted net profit fell in the first quarter to 2.68 billion euros ($3.61 billion) from 2.954 billion euros as it suffered from a decline in production and the weakening of the dollar against the euro.
UniCredit said Thursday that first-quarter net profit rose 29% as the bank benefited from strong growth in Italy and central and eastern Europe. It also said it is looking at merger options, including with Rome-based Capitalia and France's Societe Generale.
I was opening up my packs of Donruss' Score Select and I pulled this card. I was excited about who the player was, but I was really angry when I looked at this signature.I guess about 10 years ago, card companies started inserting signature cards in packs, but I have to tell you over the past couple years, the signatures have gotten worse and worse. I don't blame the card companies. They send these athletes a sheet of stickers to sign and in the end, the athletes just get lazy.
Telecom Italia said that its first-quarter net profit rose 4.2% to 775 million euros ($1.05 billion) from 744 million euros a year earlier thanks to a slight rise in sales and a fall in taxes.
Italian car maker Fiat posted an almost four-fold rise in first-quarter trading profit at its auto unit, beating forecasts, as it squeezed more money from a rise in sales of its smaller city cars, like the Panda.
I have had 80’s pop hits buzzing around in my head all morning. Remember that classic of the genre from Bananarama –- Talking Italian?
Italy's Intesa Sanpaolo is discussing a deal with AT&T and America Movil that would see each buy a third of Olimpia, which controls Telecom Italia, sources close to the situation said on Thursday.
Investors in Telefonica are wary of any move by the Spanish telecoms group to counter a 4.5 billion euro ($6 billion) joint bid for effective control of its long-courted neighbor, Telecom Italia.
Shares in Air France-KLM increased on Friday after Deutsche Bank upgraded the stock to “buy” from “hold”.
Italian energy groups Eni and Enel won a Russian state auction for the gas assets of bankrupt oil firm YUKOS on Wednesday, paying 151.536 billion roubles ($5.83 billion).
Unicredit has recruited Russian airline Aeroflot as a partner in the bank's bid to take over struggling Italian airline Alitalia, a bank executive said Monday as the number of bidders narrowed to three.
Shares of Italy’s Pirelli soared to 9.67% Monday morning after it revealed late Sunday that it was in talks with U.S. telecom giant AT&T and its Mexican affiliate America Movil to sell two-thirds of its 80% stake in holding company Olimpia for 2.82 euros a share less debt.