Leading candidate for Alitalia privatisation pulls out
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Italian airline Air One, considered the only credible bidder for state-controlled rival Alitalia, said Tuesday it had pulled out of the Italian government&#39;s privatisation process.
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Italy's civil aviation authority said Friday it has suspended a move to force rivals of struggling state carrier Alitalia to raise prices on long-haul flights.
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Italian President Giorgio Napolitano dissolved parliament on Wednesday, paving the way for snap elections and a probable return to power by conservative media tycoon Silvio Berlusconi.
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The Italian government has announced it will sell off half its holding in loss-making national airline Alitalia.
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Russian airline Aeroflot withdraws from the bidding for a substantial stake in Italian carrier Alitalia.
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Five companies were picked by the government as finalists in the bidding for its stake in Alitalia, the ailing state-controlled carrier. The bidders include the Texas Pacific Group, the private equity firm; UniCredit, the bank; as well as financier Carlo De Benedettiâs Management and Capitali, MatlinPatterson Global Advisers; and Carlo Toto, owner of Italyâs No. 2 carrier, Air One, the finance ministry said. They have until mid-April to submit preliminary offers. Italy decided in December to sell its stake in the countryâs largest airline after the government abandoned turnaround efforts. Alitalia last reported a profit in 2002 and has forecast a loss in 2006.
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Sport: Football: Club pulls the plug on potential takeover deal with Hong Kong businessman
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A key ally of Premier Romano Prodi pulled his party from the Cabinet on Monday amid a corruption scandal, sending the center-left governing coalition scrambling to keep the administration from falling.
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The incoming European Commission President Jose Manuel Barroso today withdrew his proposed 24-member executive after it became evident the European Parliament would veto the team.
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Romania's main opposition candidate for the Nov. 28 presidential election, Theodor Stolojan, announced Saturday he was withdrawing from the race due to health problems.
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BUCHAREST, Romania  - Romania's main opposition  presidential challenger Theodor Stolojan withdrew from the race  citing health reasons Saturday, dealing a severe blow to his  alliance ahead of next month's elections.
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Italian Prime Minister Romano Prodi  resigned on Thursday after his centre-left government lost a  confidence vote in the Senate, prompting opposition leader  Silvio Berlusconi to demand immediate elections.
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Italian PM forced to resign, clearing the way for Silvio Berlusconi to bid once more to govern Italy
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Italian Prime Minister Romano Prodi has handed in his resignation after his fragile centre left coalition lost a crucial parliament vote.Comment
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The European Commission has lost a second designate commissioner, as Latvia&#39;s nominee was pulled out yesterday. The development follows the resignation of Italian Rocco Buttiglione over the weekend.
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Alitalia says it will shed 5,000 jobs and spin off non-core operations under a sweeping restructuring plan unveiled to union leaders yesterday.
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Italy's centre-right Christian Democrats announced Saturday the end of their 14-year alliance with former prime minister Silvio Berlusconi, saying they would go it alone in April elections.