Word: milan
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...Mantua who had backed him in the hopes of a quick return on their money. No new investors were on the horizon, and a plan to raise $8 billion in cash through a conversion of savings shares to ordinary stock failed to materialize since Telecom's price on the Milan bourse lagged 20% below the target. To further Colaninno's woes, he was put under investigation by prosecutors in Turin for possible conflict of interest regarding Telecom Italia's merger of its Tin.it subsidiary with SEAT Pagine Gialle, a yellow-pages business...
...Olivetti, their share rose to 27%, with which they can control the telecom giant. Tronchetti Provera, who is credited with turning around Pirelli, had been sitting on $3.2 billion in cash after selling two optical technology firms to Cisco and Corning. For months the guessing game in Milan was what will Pirelli buy? "Telecom has a strong market position and we wanted to invest in telecoms, so the fit made sense," Tronchetti Provera said. It also made sense given Italian corporate law, which allowed him to gain control of a company with a market capitalization of roughly $65 billion with...
...place to start is in the books section of Yahoo clubs (at clubs.yahoo.com and groups (at groups.yahoo.com) While chat rooms are available, most of the action takes place in postings to message boards like the Book Group List, where members engage in deep, no-nonsense talks--most recently on Milan Kundera's Immortality--that remind me of my English classes at Dartmouth. My favorite Yahoo club was Bookworms, where we talked about A Heartbreaking Work of Staggering Genius by Dave Eggers. I liked the group; it fostered down-to-earth conversations in which people felt free to disagree and explain...
...manipulation of the Swedish stock exchange while working at Credit Suisse First Boston; in London. His disgraced father, author Jeffrey Archer, was jailed last week for perjury in a libel case. DIED. INDRO MONTANELLI, 92, veteran right-wing Italian journalist and former Fascist renowned for his controversial views; in Milan. In 1943 he was jailed by the Fascists and narrowly escaped execution for criticizing the regime in his coverage of the Spanish Civil War. DIED. MILTON GABLER, 90, music producer who founded Commodore Records, the first U.S. independent jazz label; in New York City. He worked with jazz greats Billie...
...Battle for Montedison MONTEDISON: A Milan-based conglomerate (2000 revenue: $12 billion) with holdings in energy, agriculture, engineering, and chemicals. Among Montedison's key holdings is a majority stake in power producer Edison. MEDIOBANCA: Besides its position as Italy's largest merchant bank, Mediobanca also holds stakes in the giant insurer Generali and the media and fashion group HdP. Until Italenergia came along, its 15% ownership of Montedison made it the controlling shareholder. FIAT: Although best known as a carmaker, Fiat has subsidiaries in aviation, insurance, and publishing. It owns over 10% of HdP. It has teamed up with state...