U.S. stock market futures sank late Sunday as the spread of coronavirus raised worries that global economic growth could take a hit. Dow Jones Industrial Average futures YM00, -1.37% fell about 400 points late Sunday, suggesting a steep drop when U.S. trading starts Monday morning. S&P 500 futures ES00,Read More →
It was a goddess that inspired Sunny Bertollini to move to Italy. The 50-year-old herbalist, and her husband, Mark Hinshaw, a 72-year-old retired architect, had been coming to Italy on vacation for years. On one trip, they visited an ancient temple to Salus, a Roman goddess of health and well-beingRead More →
MILAN (Reuters) – Mediaset (MI:) will submit revised plans to merge its Italian and Spanish broadcasting units (MC:) under a Dutch entity to authorities in the Netherlands, securing a six-month extension to complete the project, two sources familiar with the matter said. The extension could help the group deal withRead More →
Retirees have a healthy concern for their health-care options. Health, in fact, is the No. 1 concern for retirees, according to a survey by T. Rowe Price. Indeed, 70% of retirees felt concerned about both their health and the cost of health care heading into retirement, the financial-services firm found.Read More →
ROME (Reuters) – Italy will not pump more public money into Alitalia, Industry Minister Stefano Patuanelli said on Saturday, warning that the troubled airline could shut down by mid-2020 without a buyer. Alitalia, which is losing 2 million euros ($2.2 million) a day, was put under a new temporary administratorRead More →
Fiat Chrysler Automobiles NV and Peugeot SA have signed a binding agreement to move forward with their $50 billion tie up, the two companies said Wednesday. The Wall Street Journal reported Tuesday that Peugeot’s UG, +2.31% board backed a binding merger agreement with Fiat Chrysler FCA, +0.79% FCAU, +1.52%. TheRead More →
By Emilio Parodi MILAN (Reuters) – Dutch bank ING Groep NV’s (AS:) Italian business has reached a provisional deal with Milan prosecutors to settle a money-laundering investigation by paying 30 million euros ($33 million), two sources familiar with the matter said. The proposed settlement, known as an “agreed penalty”, hasRead More →
ROME (Reuters) – Italy’s government will hold a vote in parliament next week to decide on reform of the euro zone’s bailout fund, as divisions within Rome’s ruling coalition deepen. The anti-establishment 5-Star Movement opposes signing off on the reform until plans for a wider European banking union become clearer,Read More →
Technogym is set to make its foray into streaming-online-fitness classes via digital platforms on its machines — putting the company on a collision course with the popular Peloton Interactive. The Milan-listed athletic-equipment outfit, characterized by some as the Netflix NFLX, +0.87% of fitness, is reinventing itself, in an effort toRead More →
ROME (Reuters) – Italian Industry Minister Stefano Patuanelli said on Tuesday he believed a binding offer for struggling airline Alitalia could be presented by an Oct. 15 deadline, saying the date would not be shifted again. Italian state-owned railway group Ferrovie dello Stato, U.S. airline Delta (N:) and infrastructure groupRead More →
© Reuters. Italy reserves right to use special powers to protect Milan bourse: document ROME (Reuters) – The Italian government considers the Milan stock exchange a strategic asset and reserves the right to intervene with special powers if appropriate to protect its interests, according to a draft emergency decree seenRead More →
At a time that U.S. stock markets are partying like there is no tomorrow, global bond markets, together with actions by the world’s major central banks, are telling a very different story. They seem to be warning that Europe could soon be experiencing major crises in the United Kingdom andRead More →
© Reuters. Banca D’Italia sign is seen in downtown Rome ROME (Reuters) – The Bank of Italy plans to adopt investment criteria which reward companies that take action on climate change, joining other central banks, commercial banks and fund managers in ratcheting up pressure on boardrooms to go green. TheRead More →
David Marcus, chief executive officer of Evermore Global Advisors, is attempting to identify companies that are transforming their businesses and create value for shareholders through mergers, spinoffs, asset sales or improved efficiency. Evermore, based in Summit, N.J., has $1.1 billion in assets under management, including $558 million in the EvermoreRead More →
© Reuters. Italy stocks higher at close of trade; Investing.com Italy 40 up 0.33% Investing.com – Italy stocks were higher after the close on Wednesday, as gains in the , and sectors led shares higher. At the close in Milan, the rose 0.33%. The best performers of the session onRead More →
© Reuters. FILE PHOTO: Telecom Italia’s new logo of its TIM brand seen on a screen during the launch in Rome By Giselda Vagnoni ROME (Reuters) – Telecom Italia (TIM) (MI:) has suffered a setback in its plan to assuage pressures for a separation of its prized network assets byRead More →
© Reuters. Italy stocks lower at close of trade; Investing.com Italy 40 down 0.66% Investing.com – Italy stocks were lower after the close on Thursday, as losses in the , and sectors led shares lower. At the close in Milan, the lost 0.66%. The best performers of the session onRead More →
