Word: fiat
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...Belgium Inc. -- while no one was looking. His announcement last week that he had acquired an 18.6% share (market value: more than $300 million) largely through his Paris-based holding company, Cerus, prompted hurrahs in Italy's financial community. "It was a brilliant operation, a theatrical coup," said Fiat Chairman Giovanni Agnelli, and Italian newspapers bannered triumphant headlines like DE BENEDETTI, KING OF BELGIUM. But the cross-border bid stirred far noisier wails of protest across Belgium. "Financial piracy!" declared La Generale's chief, Rene Lamy. GENERALE UNDER THE ITALIAN BOOT, screamed a headline...
...Spree Decade. "You work to have what you like, when you like," explains Nino Merenda, 31, a hair stylist in Skokie, Ill. "At this stage, I'd rather have a nice car than money in the bank." In fact, Merenda owns two cars: an Alfa Romeo and a Fiat...
Rumors of a shutdown sweep the Palazzo Mezzanotte trading floor as the opening bell fails to ring. Finally the dealing begins, one hour late. As Fiat, Olivetti and other stocks lose 10% of their value, trading is stopped in each...
...onetime chairman of the Federal Home Loan Bank Board. Gerald Parsky, a Los Angeles lawyer who served as Assistant Treasury Secretary under Simon, is his old boss's general partner and contributes his initials to the company's anagrammatic name. A select group of international investors, including Italy's Fiat-making Agnelli family, has pledged $225 million in capital...
...Driver Hari Singh pulled his crowded vehicle out of the Punjab capital of Chandigarh shortly after nightfall for what was to have been a routine trip to Rishikesh, a Hindu pilgrim center in Uttar Pradesh. But half an hour into the journey, a white Fiat suddenly stopped in front of the bus, forming a blockade. Five armed men, four of them turbaned in the manner of Sikhs, burst out of the car, threw Singh off the bus and commandeered his vehicle. After driving the bus to a nearby field, the gunmen opened fire, instantly killing 38 men, women and children...