Italy

Italian investors make binding bid for Alitalia

Italian investors make binding bid for Alitalia Rome - A consortium of private Italian investors on Friday made a binding offer to purchase the state's controlling stake in struggling airline Alitalia, according to a consortium statement cited in news reports.

The offer was presented to Alitalia's bankruptcy administrator, Augusto Fantozzi a few hours before a deadline at midnight local time (2300 GMT).

The bid came after talks between the Compagnia Aerea Italiana (Italian Air Company), or CAI, consortium, and unions representing Alitalia employees.

Afghan and Italian films triumph at Rome film fest

Afghan and Italian films triumph at Rome film fest Rome - Afghanistan director Siddiq Barmak's Opium War and Italy's Giacomo Battiato's Resolution 819, about war crimes in Bosnia, won top prizes Friday at the International Rome Film Festival.

The Golden Marc'Aurelio Critics Award for Best Film was bestowed to Opium War, in which a pair of US military helicopter pilots confront the harsh realities of life in Afghanistan after their aircraft is shot down.

Italy's Eni posts third-quarter profit rise

Rome - Italy's largest natural gas and oil company, Eni, said Friday its third-quarter net profit rose 37 per cent thanks to soaring crude oil prices and boosted production.

Net profit increased to 2.94 billion euros (dollars 3.83 billion) from the 2.15 billion euros registered in the same period in 2007, Eni said in a statement.

"Eni has delivered another quarter of excellent results driven by strong production growth and good operational performance in all our divisions," Eni CEO Paolo Scaroni said in the statement.

AC Milan open negotiations for transfer of Beckham

David BeckhamMilan - AC Milan and lawyers for David Beckham were set to begin negotiations Thursday for the loan of the English star to the Serie A powerhouse.

The ANSA news agency quoted Milan vice president Adriano Galliani as saying that representatives of the 33-year-old midfielder advanced the date of a meeting originally scheduled for next week.

"We are kicking off the negotiation," Galliani said. "I don't know if it will have a positive ending or not, but I hope it will."

Hoeness confident on new Schweinsteiger deal

Munich  - Several leading Italian clubs are interested in signing Bayern Munich's Bastian Schweinsteiger, but club manager Uli Hoeness said Thursday he was confident of keeping the midfielder at the German champions.

The 24-year-old Germany international's current contract expires at the end of the season and Hoeness said Inter Milan, AC Milan and Juventus had shown an interest in the player.

However Hoeness said Bayern "would come up with something" to keep Schweinsteiger at the club he has played for since joining as a youth team player.

Hoeness said Bayern would also be offering midfielder Ze Roberto a new contract although the 34-year-old Brazilian has said he wants to leave at the end of the season.

Italy helped "save" Gaddafi by warning of US air raid

Moamer Gaddafi'Rome - Italy "probably helped save" Libyan leader Moamer Gaddafi's life when it warned Libya of a 1986 US air strike, Libyan Foreign Minister Mohammed Abdel-Rahman Shalgam said Thursday.

Shalgam's claim, made at a conference in Rome, referred to an April 15, 1986 operation in which the then US president, Ronald Reagan, ordered several attacks against Libya, the ANSA news agency reported.

Shalgam, who was Libya's ambassador to Rome at the time, said he was personally warned of the US intentions a day before the raids took place by "mutual friend" sent by Italy's then prime minister, Bettino Craxi.

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