Italy
Nestle Said to Consider Options for Cadbury, May Challenge Kraft, Hershey Nestle SA is weighing options
including a possible bid for Cadbury Plc that would challenge
Kraft Foods Inc.’s offer and a potential move by Hershey Co.,
according to two people with knowledge of the matter.
Fiat Chief Executive Marchionne Would Have Left Had Agnellis Lost Control Fiat SpA Chief Executive Officer
Sergio Marchionne said at a trial that he would have left his
post in 2005 had the Agnelli family lost its controlling
stake in the carmaker.
Euro-Area Economy Returns to Growth With 0.4% Expansion in Third Quarter The euro-area economy emerged from
its worst recession since World War II in the third quarter as
exports from Germany and France helped compensate for
consumers’ reluctance to increase spending.
European Stocks Post First Weekly Decline Since October, Paced by Danone European stocks posted their first
weekly decline since October on concern the eight-month rally in
equities has outpaced the outlook for earnings growth and
central banks will withdraw stimulus measures.
Arpe Aims to Double Revenue of Banca Profilo With Private Bank Expansion Matteo Arpe, chairman of Banca
Profilo SpA, wants to boost revenue at the company by making 90
hires to expand in private banking.
Ferrari Recalls Sports Cars in U.S. to Fix Fuel Leak That Poses Fire Risk Ferrari, Fiat SpA’s luxury sports-
car division, recalled 2,356 F355 and 355 F1 models in the U.S.
to fix a potential fuel leak that could set the engines on fire.
Lottomatica Says Italian Administrative Court Annuls Scratch & Win Auction Italy’s administrative court of the
Lazio region annulled the auction of the concession of a scratch
and win lottery won by Lottomatica SpA, a company official said
by phone today.
Seat Pagine Gialle Confirms Guidance; Says Has `Headroom' on Covenant Seat Pagine Gialle SpA said it
confirmed its 2009 financial targets announced in August with
its nine-month results, according to a statement distributed
through the Italian exchange.
Bank of Italy Says Fair Playing Field Requires Strict, Uniform Regulation Bank of Italy Deputy General
Director Anna Maria Tarantola said some financial centers may
end up with an unfair advantages unless regulators uniformly
impose stricter rules over the global banking industry.
San Marino Will Exchange Banking Data With Other Countries, Mularoni Says San Marino will share banking
information with other countries concerned about tax evasion and
can withstand the outflow of funds that investors bring back to
Italy as part of a tax amnesty, government officials said.
Pope, Archbishop of Canterbury Agree in Rome to Strengthen Relationship Pope Benedict XVI and Rowan
Williams, the archbishop of Canterbury, reiterated their wish to
strengthen the relationship between the Roman Catholics and the
Church of England at a meeting in Rome today.
Italian Police Arrest Two Pakistanis in Brescia Linked to Mumbai Attacks Italian police today arrested two
Pakistani nationals who were charged with aiding terrorists in
connection with the Mumbai attacks in November 2008.
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