Italy
Telecom Italia First-Quarter Net Income Falls 35% on Brazil, Price Cuts Telecom Italia SpA, Italy's biggest
phone company, said first-quarter profit dropped 35 percent as
the domestic business was hurt by price cuts enforced by
regulators and demand slowed in Brazil.
Atlantia First-Quarter Profit Rises 22% on Toll-Highway Traffic Growth Atlantia SpA, Italy's biggest toll-road
operator, said first-quarter profit jumped 22 percent as more
vehicles used its highways.
Pirelli & C's First-Quarter Profit Jumps 40% on Lower Financial Costs Pirelli & C. SpA, Europe's third-
largest tiremaker, said profit rose 40 percent as the company
reduced financial costs by cutting debt.
Telecom Italia Has Three Binding Bids for Alice France Unit, Bernabe Says Telecom Italia SpA, Italy's biggest
phone company, has received three offers for its Alice France
Internet-access unit, whose sale is in the ``final stages.''
Saras Raises Refining Margin Outlook as Demand for Diesel Fuel Increases Saras SpA, owner of the Mediterranean
region's biggest refinery, will have higher margins from turning
crude oil into diesel than previously forecast as demand for that
fuel rises, Chief Financial Officer Corrado Costanzo said.
Italian Stocks Final: Saras, Telecom Italia, Tiscali, UniCredit Shares Italy's S&P/MIB Index fell for a
second day, declining 360, or 1.1 percent, to 33,722 in Milan.
Futures expiring in June fell 351, or 1.1 percent, to 32,845.
Isagro Shares Fall Most in 7 Weeks After Debt Weighs on Quarterly Profit Isagro SpA, Italy's biggest maker of
agricultural chemicals, fell the most in seven weeks in Milan
trading after first-quarter sales growth slowed.
Libya May Expropriate Eni Assets, Drop Joint Oil Contract, Staffetta Says Eni SpA might have its assets in Libya
expropriated by the government there because of Italian Prime
Minister Silvio Berlusconi's decision to appoint a minister who
has been critical of Islam, the online edition of energy
newspaper Staffetta Quotidiana reported, citing unidentified
Libyan diplomats.
Myanmar Urged to Allow Aid Access for Cyclone Relief; More Rain Forecast Myanmar's government seized United
Nations food shipments today and said it would distribute them to
the 1 million people left homeless by last weekend's cyclone.
Obama Vows Support for Israel, Blasts McCain's `Offensive' Hamas Comments Barack Obama said as president he
would work to ensure Israel's security and protect its
relationship with the U.S.
Al-Qaeda in Iraq Leader Al-Masri Wasn't Held in Raid, U.S. Military Says The U.S. military said a man detained
in northern Iraq wasn't al-Qaeda's purported leader in the
country, Abu Ayyub al-Masri.