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...makes sense to shop early, before all the best bags of the season are snapped up by the cognoscenti. Our picks are designed to appeal to the professional woman, but they'd be just as much at home in the country club as in the boardroom. Bottega Veneta: The Italian house has adorned the arms of fashionable women since the 1970s. Go for a $1,500 hand-painted python tube designed by Tomas Maier. Snap-closure compartments give it a practical twist, with enough room for your mobile phone and PDA. Tod's: These tie-end bags, $1,200 apiece...

Author: /time Magazine | Title: Swinging Into Spring | 1/12/2004 | See Source »

Capital Punishment After all the the spilt milk, Italian business may be about to start crying even harder over the Parmalat scandal. Stung by the €7 billion alleged fraud at the dairy firm, Italian banks are looking to tighten restrictions and raise risk premiums on loans to companies. And the domestic corporate-bond market has all but dried...

Author: /time Magazine | Title: Biz Watch | 1/11/2004 | See Source »

...issuers, closing off another key source of corporate finance. Those with opaque balance sheets and offshore holdings will feel the pinch first. "We're no longer lending at all to companies where we can't understand what's going on," vows a top credit officer at one big Italian bank. But small and mid-sized firms will be hit too. "For family firms that need more capital to grow, this will be an important problem," worries Guido Corbetta, a professor at Bocconi University in Milan. Prosecutors probing the now-bankrupt Parmalat are increasingly focusing on the roles Italian...

Author: /time Magazine | Title: Biz Watch | 1/11/2004 | See Source »

From Milan boardrooms to Parma dairy farms, Calisto Tanzi has long been viewed as the model Italian entrepreneur: hardworking, successful, modest, pious and, above all, generous. Over the past four decades, as he built dairy company Parmalat into a worldwide giant with annual sales of €7.6 billion, he showered his hometown of Parma with his philanthropy. Tanzi helped pay for a major restoration of Parma's theater and 11th century basilica. He poured cash into the local soccer team, making it one of Europe's best, and financed programs for the poor, aids patients and drug addicts. Last February...

Author: /time Magazine | Title: Autumn Of The Patriarch | 1/4/2004 | See Source »

...Milk Turns Sour Italian dairy giant Parmalat teetered on the brink of insolvency as prosecutors opened an investigation into a €4 billion hole in its accounts. Authorities seeking evidence of fraud raided the office of a Parmalat subsidiary's auditors...

Author: /time Magazine | Title: Biz Watch | 12/21/2003 | See Source »

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