European mediators hope Azerbaijan and Armenia will agree to small steps to improve life for people of the disputed enclave of Nagorno-Karabakh at peace talks in St. Petersburg on Saturday, even if they make little progress on the main issue of the breakaway region's status.
Fiat and General Motors both refused to blink in a standoff over whether the Italian group can force GM to buy its ailing car unit, raising the threat of a long legal battle and battering Fiat's shares.
Insolvent Italian food group Parmalat stepped up legal action against its former bankers Friday, suing Swiss bank UBS for 290 million euros ($350 million) a week after it filed a fraud suit against Citigroup.
Fiat's shares slid Monday after the CEO charged with pulling it out of a deep crisis suddenly quit in protest at the head of Ferrari being named chairman to replace Umberto Agnelli, who died last week.
An option allowing Italian automaker Fiat to force General Motors to buy its loss-making car unit has been put back a year while the two groups settle a disagreement over whether it is still valid, they said Sunday.