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  • 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.

  • ltomlinson1.jpg

    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.

  • European Stocks to Watch: Air France-KLM Thursday, 5 Apr 2007 | 6:58 AM ET

    Shares in Air France-KLM increased on Friday after Deutsche Bank upgraded the stock to “buy” from “hold”.

  • Eni, Enel Win YUKOS Auction after Gazprom Deal Wednesday, 4 Apr 2007 | 5:40 AM ET

    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).

  • Aeroflot Joins Unicredit in its Bid for Alitalia Monday, 2 Apr 2007 | 9:57 AM ET

    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.

  • CNMV Confirms 6-Month Ban on Enel/Acciona Endesa Bid Tuesday, 27 Mar 2007 | 6:03 AM ET

    Spanish market regulator CNMV said it had taken note of Enel and Acciona's joint takeover plan for Endesa and reiterated no bid could be made for six months.

  • Fastweb Board: Swisscom's Bid Is Fair Monday, 26 Mar 2007 | 1:44 PM ET

    Italy's second-largest telecom company Fastweb said Monday its board considers a 47 euros ($62.35) per share offer by Switzerland's largest telephone company Swisscom as fair and considers it a good development opportunity.

  • The top two shareholders in Spain's biggest utility Endesa trumped a 42.3 billion euro ($56.4 billion) bid by E.ON on Monday, offering one euro per share more than their German rival. Enel and Acciona, which together own 46% of Endesa, will offer 41 euros a share to buy out the Spanish utility after E.ON raised its offer for the third time to 40 euros a share in a last-ditch attempt to fend them off.

  • Here some of Friday's big movers on European stock markets

  • AXA to Buy Half of Monte dei Paschi Insurance Unit Friday, 23 Mar 2007 | 8:18 AM ET

    AXA, France's largest insurer, said Friday it agreed to buy half of Banca Monte dei Paschi di Siena's insurance and pensions unit for 1.15 billion euros ($1.54 billion) in cash.

  • Italy's Enel said Friday it is in "advanced" talks with partner Acciona about a possible offer for Spain's Endesa should an extant offer from E.on fail.

  • UniCredit Fourth-Quarter Profit Soars Thursday, 22 Mar 2007 | 9:21 AM ET

    UniCredit said Thursday that fourth-quarter net profit more than tripled, boosted by good volume growth in Italy and Central Eastern Europe and higher net interest income.