Italian President Giorgio Napolitano was elected to a second term after accepting a last- minute appeal from party leaders to run again, a step that may resolve the nation’s political crisis two months after inconclusive elections.
Telecom Italia SpA’s largest shareholders gathered in Milan today ahead of a crucial board meeting whose focus will be on a potential link-up with Hutchison Whampoa Ltd., two people with knowledge of the matter said.
Telefonica SA is willing to exit its six-year investment in Telecom Italia SpA as Italy’s largest phone company considers a combination with Hutchison Whampoa Ltd.’s wireless business in the country, according to two people with knowledge of the matter.
Pope Francis ventured outside the Vatican’s walls to pray at a Roman basilica and pay his hotel bill the day after becoming the first Roman Catholic leader to hail from outside Europe in more than 1,200 years.
Italian Prime Minister Mario Monti will likely have to call a confidence vote to win parliamentary approval for his emergency economic measures, Il Messaggero reported, citing Gianfranco Fini, head of the Chamber of Deputies.
Granarolo SpA’s main investor, Gran Latte, may contribute 500 million euros ($723 million) in a bid for 60 percent of Parmalat SpA , daily Il Messaggero reported, without saying where it got the information.