Former Italian Prime Minister Silvio Berlusconi says he will run for Italian PM if the party asks him to, and that he has been sentenced to four years in prison due to tax fraud, reports CNBC's Michelle Caruso-Cabrera.
Franco Frattini, former Italian foreign minister spoke to CNBC about what role he wants Italian prime minister Mario Monti to play in the upcoming election.
Markets across Europe close mostly lower on "fiscal cliff" concerns, and CNBC's Michelle Caruso-Cabrera reports Mario Monti is expected to make an announcement this week on whether he intends to run for Prime Minister.
Italy awaits Monti's decision on his - and Italy's - political future.
Europe's leaders agreed to press on with further steps to shore up their finances and sustain momentum in tackling the debt crisis on Friday, a day after clinching a deal on banking supervision and approving long-delayed aid to Greece.
The German government has warned Silvio Berlusconi not to target Berlin in the run-up to elections early next year after the former Italian prime minister attacked the "German-centric" economic policies of his successor Mario Monti.
Beppe Grillo leader of the Five Star Movement which is number two in the polls in Italy tells CNBC that Mario Monti was a bankruptcy curator sent in by France and Germany to save their money.
Shares of JC Penney are popping today despite a cautious note from JPMorgan on the stock, with the FMHR traders.
A few weeks ago during Apple's last significant pullback, Doug Kass of Seabreeze Partners, said he was buying the stock. Kass joins the FMHR traders to discuss how he is playing the stock now after its worst week in 2 and half years.
On "Fast Money Halftime," Scott Wapner challenges Doug Kass of Seabreeze Partners Management for making what seemed to be very bullish comments on Apple several weeks ago. The stock has continued its fall since then.
Taking a closer look at Barnes & Noble, with the FMHR traders; and how to trade Apple's recent selloff, with Doug Kass, Seabreeze Partners founder and president; and Italy's Prime Minister Mario Monti says he will resign once the country's 2013 budget is passed, with CNBC's Carolin Roth.
Andy Brough, Fund Manager, Schroders tells CNBC more austerity will not be a big vote-winner in Italy
CNBC's Carolin Roth reports on the state of the European markets after Italy's Prime Minister Monti announces he will step down following the approval of the country's 2013 budget.
The "Squawk on the Street" team discuss the mornings top headlines, including McDonald's blowing out expectations for November sales, and Italy's Prime Minister announcing his plans to resign.
Italian industrial output fell more than expected in October after stabilizing in the third quarter, suggesting the prolonged recession in the euro zone's third-largest economy is set to deepen in the final months of 2012.
CNBC's Carolin Roth reports on how the Italian market is faring after its Prime Minister Mario Monti announces his plans to resign once his budget passes in parliament.
Even as markets have been focused on a potential bailout for Spain, analysts say Italy, which is heading for a protracted recession, may also need aid in 2013.
*Improved conditions do not change view Spain needs bailout. MADRID, Oct 31- The longer Prime Minister Mariano Rajoy puts off asking for aid from the euro zone, the greater the risk of further financial turmoil and an even worse recession in Spain, analysts say.
ROME, Oct 31- Five months before an election that will be crucial not just for this country but the whole euro zone, Italy is mired in some of its greatest political uncertainty si n ce World War Two.
LONDON, Oct 30- World shares rose modestly while the dollar fell on Tuesday as the initial impact of a massive storm in the United States looked to have been less severe than feared.