talian airline Alitalia is close to bankruptcy after Roberto Colaninno’s Compagnia Aerea Italiana investor group pulled out of negotiations. Colaninno said Alitalia’s union wouldn’t agree to its rescue plan. Alitalia, which declared insolvency in August, lost more than $3 million a day in the first half of the year; Italy’s been trying to sell it for two years. “This has become the latest act in the Alitalia soap opera,” said Patrizio Pazzaglia at Bank Insinger de Beaufort. “One has to hope that it’s just some arm wrestling between the two sides and that they will get back to negotiations.” (Bloomberg)
- Watch The Daily Show definitively prove that corporations are not people
- Mexico's unluckiest thieves stole enough radioactive waste to make a dirty bomb
- 7 grammar rules you really should pay attention to
- 5 books to read before your 30th birthday
- Which professions have the most psychopaths?
- Australia just scrapped its debt ceiling. America should, too.
- What to expect when you're expecting (100 years ago)
- 10 things you need to know today: December 5, 2013
- Why learning which of your Facebook friends hate you is a great idea
- No, Obama doesn't have to fire everybody in the White House
Subscribe to the Week