Alitalia losses cloud share sale
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Italian airline Alitalia opens its books to suitors but the process has been clouded by worries about its earnings.
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Five bidders make the final round of the auction to buy Alitalia, which is being sold by the Italian government.
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Alitalia's shares soared Tuesday as hopes increased that the struggling carrier and labor unions might clinch a deal on a relaunch plan aimed at saving the company before a deadline Wednesday.
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The Italian government has said it has decided to sell a controlling stake in flag carrier Alitalia through &quot;a competitive procedure and direct negotiations.&quot;
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Shares in ailing Italian national  carrier Alitalia surge on speculation that Air France is preparing to bid for the airline.
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Italian airline Alitalia said Thursday that it would postpone until next Tuesday its decision on which buyer it prefers to take over the loss-making company.
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Struggling Italian flagship carrier Alitalia held late-night talks Tuesday with the government and labor unions on how to help employees whose jobs will be slashed under a plan to save the airline, news reports said.
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Fiat SpA&#39;s overall net loss widened in the third quarter, and the company&#39;s key auto unit slightly narrowed its losses, the Italian automaker said Thursday.
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Shares in the near-bankrupt Italian flagship carrier Alitalia rallied nearly 5.0 percent on Thursday as traders predicted a speedy rescue plan.
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State carrier Alitalia could be faced with collapse within 20 days without the approval of a restructuring plan that would allow the airline to tap into a loan of 400 million euros (&#36;488 million), the company's chairman was quoted as saying in Italian news reports Tuesday.
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HOLDERS of Telstra T2 stock have worn a hefty capital loss by selling their shares into the telco&#39;s latest buyback. Telstra said yesterday it had paid $750 million - $695 million below the issue price of
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ROME/MILAN  - Air France-KLM  has bid 35 euro cents per share for ailing Italian airline Alitalia  while an offer from domestic carrier Air One is one euro cent per share, a source close to the talks said on Friday.
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Shares in Alitalia soared in early trading in Milan today after a deal between management and flight attendants over the weekend as part of rescue cutbacks.
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Air France-KLM said Monday it had offered to take over Alitalia via a share swap, planning a major upgrade of the loss-making Italian flag carrier.
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Air France-KLM's  bid for loss-making Alitalia  includes a share swap and a capital hike of 750 million euros ($1.09 billion), with up to 1,700 job cuts, Air France's Chairman Jean-Cyril Spinetta was quoted as saying.
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Alitalia will cancel nearly 400 flights Tuesday because of a planned eight-hour strike by Alitalia flight attendants and air traffic controllers, the struggling airline said. via MSN Money
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Shares in Alitalia rose on Monday after staff agreed job and pay cuts last week to keep the beleaguered airline flying. The firm&#39;s chief executive was holding a final meeting with unions in Rome on Monday