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La Scala general manager Stephane Lissner's first goal when he arrived at the renowned opera house in 2005 was to balance the budget, which he did that year and every year since. This year could be different, he warned Tuesday.
Italy easily raised euro5 billion ($6.47 billion) in a pair of bond auctions on Thursday that saw a sharp drop in borrowing rates, a sign that investor confidence in the country is improving.
Fiat and Chrysler CEO Sergio Marchionne on Wednesday heralded a modernized car plant south of Naples as the best in the Fiat-Chrysler system and an example of how Italy can emerge from the financial crisis that is threatening to engulf it.
A letter bomb exploded Friday at an office of Italy's tax collection agency, wounding the organization's director. Police said an Italian anarchist group that sent a letter bomb to Deutsche Bank in Frankfurt earlier in the week claimed responsibility for the attack.
Italian financial market jitters worsened on Monday, as workers angry about government austerity reforms went on strike and held nationwide rallies while investors turned skeptical about an EU pact to save the euro.
Italian Premier Mario Monti's fledgling government was facing its first emergency on Wednesday, a spiraling corruption probe at state-controlled Finmeccanica, the country's aerospace and engineering giant.
Italian Premier Mario Monti is gearing up for a critical first full week in office with meetings planned with key European officials to map out strategy for dealing with Italy's debt crisis.
Unicredit, Italy's largest bank, on Monday reported a huge euro10.6 billion ($14.48 billion) net loss for the third quarter, including writedowns on Greek debt and losses on several subsidiaries, as it moved to raise new capital and slash thousands under a massive reorganization plan.
The man tapped to be Italy's next premier earned the moniker "Super Mario" in the halls of the European Commission, stopping such corporate giants as Jack Welch and Bill Gates in their competitive tracks.
The CEO of Italy's second-largest bank Intesa Sanpaolo SpA expressed confidence in Italy's ability to navigate the debt crisis as the bank reported a 3 percent increase in third-quarter net income.
The Dolce Vita lasted for a long time in Italy, but now it's back to reality.
Fiat and Chrysler are focusing on cash-generating businesses in the United States and Brazil to help weather growing uncertainty in the European auto market, CEO Sergio Marchionne said Wednesday.
The Eni oil company reopened the Greenstream natural gas pipeline connecting Libya and Italy on Thursday for the first time in eight months.
One of the jurors who overturned Amanda Knox's murder conviction said Friday he was never convinced by the "conjecture" of the prosecution's case and that he believed the U.S. student and her co-defendant simply didn't kill her British roommate.
Ferragamo's latest look packs easily for the tropics. Or the red carpet.
Missoni evoked warm weather destinations from Spain to the Caribbean in the womenswear collection for next spring and summer.
Standard & Poor's said Wednesday that it had downgraded seven Italian banks because of sovereign debt risk, a day after the agency downgraded Italy's credit rating.
Fiat and Chrysler CEO Sergio Marchionne on Tuesday said the combined companies still aim to produce 6 million cars a year by 2014 despite the increased uncertainty in global financial markets.
Italy's finance minister said Saturday his country may have to take further austerity measures on top of massive spending cuts currently making their way through parliament.
Academy Award-winning director Steven Soderbergh's latest film "Contagion" can be considered a 105-minute public service announcement with a simple message: Wash your hands. Often.
Actor Viggo Mortensen is appealing to the descendants of Carl Jung to release more letters by the founder of analytical psychology.
The most memorable scene in Roman Polanski's new film "Carnage" belongs to Oscar-winner Kate Winslet.
There may be few people better suited than Madonna to tell the story of the two-time American divorcee for whom Britain's King Edward VIII abdicated his throne.
Darren Aronofsky knows the joy of winning the Venice film festival's top prize — and this year it will be his job to help award it.
Almost exactly a year ago, Silvio Berlusconi was throwing a party for his "friend" Moammar Gadhafi replete with Bedouin riders and a lavish dinner. On Thursday, he stood shoulder-to-shoulder with the head of the Libyan rebel Cabinet, offering his best wishes and announcing the release of frozen assets.
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