(AGI) Milan - The Italian subsidiary of Bombardier was awarded the contract to supply 300 new carriages for the New York Subway System. The company said in a press release that the contract is worth 482 million euro.

PARIS — Sara Errani of Italy reached her first Grand Slam semifinal with her first career victory against a top-10 player, eliminating 10th-seeded Angelique Kerber of Germany 6-3, 7-6 (2) at the French Open on Tuesday.

(Reuters) - Italian prosecutors have probed Standard & Poor's headquarters in New York for alleged market manipulation in a investigation over the credit-rating agency's downgrades of Italy, a legal source said on Tuesday.

Call him a comedian, a clown or a showman but Beppe Grillo is the juiciest piece of Italian political news for a while. Prime Minister Mario Monti, handpicked by President Giorgio Napolitano, is supported – more or less – by the three main parties and has focused his efforts on preventing Italy’s public finances from going Greek. But Professor Monti has not submitted himself to the voters. Mr Grillo has.

Disaster has brought out the best in Ferrari. The Italian luxury sports carmaker announced it will organize a rare online auction to help raise funds for victims of the country’s two earthquakes that killed 23 people dead and left thousands homeless.

"Ferrari has decided to collect funds to help the families of victims of the quakes which hit the Emilia Romagna region with a big online auction open to bidders internationally," the famous automaker said in a statement.

 

Flags flew at half mast across Italy on Monday as a mark of respect for those who died in two earthquakes last month.

The Emilia Romagna region was struck by two tremors: one on May 20th and another on May 29th.