AHN News Staff Parma, Italy (AHN) – An Italian court has sentenced Italian food giant Parmalat’s former chief executive and founder Calisto Tanzi to 18 years in prison for fraudulent bankruptcy and criminal association. In its ruling, the court also ordered ex-Parmalat executives to pay a sum of $265 million to the firm and to [...]

Ayinde O. Chase – AHN News Editor Jerusalem, Israel (AHN) – Nearly half of Israel’s population was left without cellphone service today when one of the country’s three carrier services collapsed. An estimated three million or 44 percent of the country’s population are unable to use their mobile phones. A statement on Cellcom’s website, signed [...]

If you’re deep in debt and having difficulty paying your bills, one of the best sources of debt consolidation advice and help is a credit counseling company. Credit counseling companies can offer you debt consolidation advice including how to use credit lines wisely, helping you to establish a workable budget, and how to keep track [...]

Linda Young – AHN News Writer Knoxville, TN, United States (AHN) – FedEx officials are searching for a package containing radioactive material that went missing on Thursday. Although company officials put all FedEx facilities on alert, they are focusing the main search in the Tennessee area. FedEx reassured the public that as long as the [...]

US President Barack Obama is touting the revival of a bailed-out auto company as a vindication of his administration’s controversial decision to bail out the financially strapped auto industry last year. View full post on All Stories

AHN News Staff Caracas, Venezuela (AHN) – In what could be the largest joint investment between Italy and Venezuela, energy giants of both countries have signed an agreement to develop crude oil fields and to construct a refinery. The $17 billion deal was signed between Italian energy company ENI and Venezuelan state-owned oil company Petroleos [...]

Baseball agent Scott Boras says loans by his company totaling about $70,000 to a Dominican prospect complied with players’ association rules. View full post on All Stories

Kris Alingod – AHN News Contributor Camden, NJ, United States (AHN) – Campbell Soup’s earnings for the first quarter of 2011 slid 8 percent but the company maintained its full fiscal year outlook. Net income for the period ended Oct. 31 was $279 million, or 82 cents per share, down from $304 million, or 87 [...]

By Paul Grimaldi First Marblehead Corp. of Boston said Monday it has agreed to acquire Warwick-based Tuition Management Systems from a bank in the Midwest. Tuition Management Systems handles tuition billing, planning, counseling and other services for about 1,200 colleges, universities and elementary and secondary schools in 47 states. The business processed about $3.7 billion [...]

Good things come in small packages, and no statement is more true of small businesses than this fact. Small businesses are vital in any and every economy – from the shop on the corner to the company with single-digit number of employees that services the immediate community. View full post on All Stories

Be it an individual or a small business, the debt consolidation programs work with the same basic principles. The base of any debt consolidation for a small business activity starts with the indention of the business unit in order to pay the debt and its desire to become debt free. The objective of these programs [...]