Word: parmalat
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...INDICATORS Crying Over Spilt Milk Italian dairy group Parmalat narrowly avoided defaulting on a €150 million bond, claiming it was unable to recover €500 million invested in an offshore fund. With debts of €6 billion, the firm's credit rating was earlier slashed twice in as many days...
Italy's milk giant Parmalat also has cola on its mind. The company makes a boxed, ultra-heated milk, popular in Italy, that has a shelf life of up to six months. In the U.S. market, Parmalat has introduced boxed and fresh varieties and is spending $25 million on advertising in an effort to make itself "the Coca-Cola of milk...