Facing lawsuits, Parmalat auditor stresses its disunity

Article Abstract:

The Parmalat S.p.A. securities fraud investigation has spread to the dairy companies accounting services, Deloitte & Touche S.p.A. and Deloitte & Touche L.L.P. United States investors picked up approximately $18.1 billion of Parmalat S.p.A. debt on the accounting information from Deloitte and Touche S.p.A. Two United States lawsuits are following an e-mail trail by Adolfo Mamoli of Deloitte and Touche S.p.A. illustrating how Mr. Mamoli tried to influence the United States unit to significantly lower fees.

United States, Legal issues & crime, Accounting, auditing, & bookkeeping, Accounting & Auditing Services, Accounting, Tax Preparation, Bookkeeping, and Payroll Services, Dairy Products, Company legal issue, Investigations, Dairy industry, Dairy products industry, Accounting firms, Accounting services, Parmalat S.p.A., Deloitte & Touche L.L.P.

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Fiat's turnaround hits bump: CEO insists option to sell car business to GM remains 'valid'

Article Abstract:

The poor performance of Fiat S.p.A.'s car unit has forced a revision of the company's plan. It had hoped to see a flat operating profit by 2005 but target has now been reset to 2006.

Motor vehicles and car bodies, Strategy & planning, Acquisitions & mergers, Sales, profits & dividends, Management dynamics, Management, Planning, Mergers, acquisitions and divestments, Company acquisition/merger, Beliefs, opinions and attitudes, Automobile industry, Company sales and earnings, Company earnings/profit, Company business management, Fiat S.p.A., Company business planning, Marchionne, Sergio

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