Word: milan
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...spring of 2003 to calm investors, who had been rattled when the outgoing CFO, Fausto Tonna, announced an unexpected new bond issue, sending Parmalat stock into a nose dive. The issue was quickly canceled. Within a few days of taking over, Ferraris made a presentation to financial analysts in Milan, stressing the company's rosy outlook: sales and earnings were up, debt was under control, and the company was awash in cash. "It was my job to patch up relations with the market," Ferraris told TIME in his lawyer's Milan office...
...Teatro alla Scala's sparkling inauguration in Milan on Dec. 7 was a triumphant return to form. Italy 's bel mondo turned out to see maestro Riccardo Muti conduct Italian composer Antonio Salieri's Europa Riconosciuta (Europa Revealed) - which hadn't been performed since its original production for La Scala's inauguration in 1778. If you didn't manage to snag a 32,000 super-prima ticket, there are repeat performances until mid-January. But it was the renovated theater, restored to its 18th century magnificence and technologically catapulted into the 21st century after $81.3 million and 30 months, that...
Silvio's Highs And Lows Italian Prime Minister Silvio Berlusconi basked - albeit briefly - in a Milan court's ruling that cleared him of corruption charges in a case he'd long maintained was politically motivated. "Better late than never," he said Friday, after a three-judge panel lifted a judicial cloud that had followed Berlusconi since he entered politics in 1994. The court absolved the billionaire media mogul of bribing judges during a mid-1980s takeover battle. Still, the judges stopped short of a full acquittal, invoking the statute of limitations on a related bribery charge, implying some degree...
...party and offers critics another chance to cast grave doubts on his legacy. Since becoming PM for the second time in 2001, he has pushed through several laws aimed at easing his legal troubles, including a 2003 immunity measure for top government officials that temporarily suspended the Milan case. That law was overturned, and the trial resumed in April. The latest verdicts may not change many minds in Italy, but perhaps they can start to change the subject. - By Jeff Israely Saddam's Supplier? THE NETHERLANDS Police arrested businessman Frans van Anraat on charges of war crimes and involvement...
...REOPENED. LA SCALA, celebrated Italian opera house; after a three-year, $81 million renovation; in Milan. The event drew 2,000 VIPs, including Prime Minister Silvio Berlusconi and actress Sophia Loren, and featured a performance of Antonio Salieri's Europa Revealed, La Scala's inaugural opera...