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  • At G8 Summit, Business Issues Take a Back Seat Wednesday, 6 Jun 2007 | 1:59 PM ET

    Big business is on the back burner at the Group of Eight summit. Instead of focusing on concerns about hedge funds, fluctuating currencies and better transparency in financial dealings, the world's eight wealthiest nations are putting their full focus on climate change and watching to see if a new spat between the U.S. and Russia could develop into another cold war.

  • Enel Buys Stake in Russia Power Company Wednesday, 6 Jun 2007 | 8:29 AM ET

    Italy's Enel, which is poised to take over Spain's biggest utility, will expand its presence in Russia after it beat rivals to buy a one-quarter stake in the Russian wholesale generation company OAO OGK-5 for about $1.52 billion.

  • English Soccer Star Pay Set to Top 1 Billion Pounds Thursday, 31 May 2007 | 6:42 AM ET

    England's Premiership soccer players will earn more than 1 billion pounds ($1.97 billion) for the first time next season thanks to television, sponsorship and merchandising deals, a top accountancy firm said on Thursday.

  • TPG Withdraws Alitalia Bid, Two Buyers Left Wednesday, 30 May 2007 | 10:11 AM ET

    A consortium led by U.S. private equity company TPG has withdrawn from a bid for Alitalia, leaving just two possible buyers for the Italian state's controlling stake in the loss-making airline.

  • Strikes Pound Alitalia, Italy Looks for Exit Tuesday, 22 May 2007 | 1:41 PM ET

    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.

  • UniCredit Agrees to Buy Capitalia for $29 Billion Monday, 21 May 2007 | 2:11 AM ET

    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.

  • Permira Closes in on Fashion House Valentino Friday, 18 May 2007 | 10:19 AM ET

    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.

  • Carlyle to Challenge Permira over Valentino: Source Thursday, 17 May 2007 | 9:43 AM ET

    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.

  • UniCredit, Capitalia Merger Deal Seen at Weekend Thursday, 17 May 2007 | 5:23 AM ET

    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 Buys 29.6% Stake in Fashion Group Valentino Wednesday, 16 May 2007 | 7:02 AM ET

    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 Profit Up 29% in First-Quarter Thursday, 10 May 2007 | 7:00 AM ET

    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.

  • Talking Italian Thursday, 19 Apr 2007 | 4:45 AM ET

    I have had 80’s pop hits buzzing around in my head all morning. Remember that classic of the genre from Bananarama –- Talking Italian?

  • Telecom Italia Suitors Eye Third Each in Olimpia: Sources Thursday, 12 Apr 2007 | 10:40 AM ET

    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 Wary as Telefonica Seen Heading for Rome Wednesday, 11 Apr 2007 | 10:17 AM ET

    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.