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  • A positive effect from a strong U.S. dollar will also compensate for a poor performance of Jamaica's sugar business, Chief Financial officer Paolo Marchesini said in a conference call with analysts after the results announcement. The Milan- based group said first-half earnings before interest and tax, excluding one-off items, rose to 139 million euros from...

  • ATHENS, Greece— Greece's left-wing government conceded Tuesday that dissent within the ruling party was likely to force an early election, while markets fell again under the weight of plummeting bank shares. Greece's economy is reeling from the impact of limits on money withdrawals and transfers that the government imposed on June 29 to avoid a collapse of...

  • An Italian police officer takes in custody Michele Gucciardi, left, one of the 11 men suspected of helping No. 1 Cosa Nostra fugitive Matteo Messina Denaro, in Palermo, Italy, Monday, Aug. 3, 2015.

    Italian investigators say they've discovered how the No. 1 Cosa Nostra fugitive communicates with henchmen.

  • MILAN, Aug 3- Investment group Exor, which controls carmaker Fiat Chrysler, said on Monday it had signed a deal to buy PartnerRe for $6.9 billion, ending a prolonged battle for the reinsurer against a rival bid from Axis Capital. The agreement marks a U-turn for PartnerRe, which in January had agreed a merger with Axis and repeatedly spurned approaches from Exor,...

  • Pelosi said the pope's manifesto, which called for a bold cultural revolution, carried a moral authority with the power to directly shape public sentiment on the issue, and perhaps in turn influence members of Congress. The California Democrat and House minority leader made the comments as President Barack Obama prepared to unveil later in the day new...

  • Business events scheduled for the coming month Friday, 31 Jul 2015 | 1:40 PM ET

    WASHINGTON— Commerce Department releases personal income and spending for June, 8:30 a.m.; Institute for Supply Management releases its manufacturing index for July, 10 a.m.; Commerce Department releases construction spending for June, 10 a.m.. WASHINGTON— Commerce Department releases factory orders for June, 10 a.m.. WASHINGTON— Commerce Department...

  • MILAN— Second-quarter earnings at Italian bank Intesa SanPaolo more than quadrupled thanks to lower provisions amid signs of economic recovery and an improved credit market. Italy's second-largest bank by assets reported Friday net income of 940 million euros for the quarter, up from 217 million euros in the same period last year. Intesa SanPaolo said it...

  • BRASILIA/ SAO PAULO, July 30- Brazil announced another cut to education spending on Thursday, the latest step back from President Dilma Rousseff's pledge to turn the Latin American giant into an "education nation" in her second term. Brazil will reduce the amount it spends on education by 1 billion reais this year as part of a round of budget cuts announced last week,...

  • Business events scheduled for the coming week Thursday, 30 Jul 2015 | 1:40 PM ET

    WASHINGTON— Commerce Department releases personal income and spending data for June, 8:30 a.m.; Institute for Supply Management releases its manufacturing index for July, 10 a.m.; Commerce Department releases construction spending for June, 10 a.m.. WASHINGTON— Commerce Department releases international trade data for June, 8:30 a.m.; Institute for Supply...

  • MILAN— Fiat Chrysler Automobiles on Thursday raised its revenue forecast after strong sales in North American and a recovery in the European market boosted second-quarter profits by 70 percent. The company said in a presentation to analysts Thursday that it didn't expect the Ram buyback offer to cost more than $20 million. Fiat Chrysler reported its net...

  • MILAN— Italian oil and gas company Eni on Thursday reported second-quarter losses of 113 million euros amid a sharp decline in oil prices, but raised its forecasts on production this year as new fields come on line. Eni increased its full-year guidance to 7 percent growth in production, up from 5 percent, with new fields starting or ramping up in Venezuela, Angola,...

  • TORONTO, July 29- A Canadian law firm said it filed a lawsuit against Fiat Chrysler Automobiles on Wednesday seeking $4 billion in damages, in connection with the massive recall announced by the automaker earlier in July. Merchant Law Group said the lawsuit, which seeks class action status, was filed in the Superior Court in Montreal. It said it plans to file claims...

  • TORONTO, July 29- A Canadian law firm said it filed a lawsuit against Fiat Chrysler Automobiles on Wednesday seeking about $4 billion in damages, in connection with the massive recall announced by the automaker earlier in July. Merchant Law Group said the lawsuit, which seeks class action status, was filed in the Superior Court in Montreal. It said it plans to file...

  • July 29- PartnerRe Ltd, the reinsurance company that has a $6.6 billion merger agreement with Axis Capital Holdings, is now willing to negotiate a new deal with rival suitor Exor SpA, according to people familiar with the matter. This would be the first time that Bermuda- based PartnerRe negotiates a potential merger with Exor since the Italian investment...

  • European stock markets advance on bumper earnings Wednesday, 29 Jul 2015 | 12:32 PM ET

    *Italcementi jumps after bid from HeidelbergCement. LONDON, July 29- European shares rose on Wednesday, lifted by strong corporate results and bid activity, including HeidelbergCement's move to take control of Italcementi. In Europe, Italcementi surged 49 percent while HeidelbergCement fell more than 6 percent.

  • ROME— Pope Francis has declared a Jubilee Year for Rome, and the first of as many as 30 million people may start pouring into Rome. Just when Rome needs to be at its best, the city is being shamed by corruption scandals and a breakdown in public services— especially in the mass transit that many of the pilgrim masses will use. The actions are part of a protest against Rome...

  • Greek stock market unlikely to open: Report Wednesday, 29 Jul 2015 | 11:30 AM ET
    Greek stock market unlikely to open: Report

    CNBC's Simon Hobbs reports on all the market moving events in Europe today, including the Greek ruling party meeting tomorrow.

  • CNH Industrial profits down 55 percent in second quarter Wednesday, 29 Jul 2015 | 8:06 AM ET

    MILAN— CNH Industrial, the Italian maker of construction and agriculture machinery, says second-quarter earnings dropped by more than half on lower sales of combines and larger tractors in North and South America. CNH Industrial, which was formed from the full merger of Fiat Industrial with its CNH subsidiary, reported Wednesday that profits dropped to 178...

  • European stock markets advance, Italcementi surges Wednesday, 29 Jul 2015 | 6:19 AM ET

    *Italcementi jumps after bid from HeidelbergCement. LONDON, July 29- European shares rose on Wednesday, lifted by strong corporate results and bid activity including HeidelbergCement's move to take control of Italcementi. In Europe, Italcementi surged 50 percent while HeidelbergCement fell more than 5 percent.

  • France deploys riot police to bolster Calais security Wednesday, 29 Jul 2015 | 5:02 AM ET

    CALAIS, France— The young Afghan has tried every single day for three months to get into the railway tunnel in Calais leading to England and what he hopes will be a better life. Men and women, some hiding their faces beneath bandannas, walked single file to sneak over a bent fence along the train tracks leading to the tunnel and ultimately to England.