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Deals Rumor Mill: Etihad, Oprah, Pfizer

By Chelsea Naso ( April 30, 2014, 5:50 PM EDT) -- Etihad Airways is ready and willing to continue talks about a potential investment in Italy's struggling Alitalia but won't budge on tough conditions on debt restructuring and job cuts, sources told Reuters on Wednesday. Etihad is said to have reiterated in a letter that it wants banks to convert half of Alitalia's debt of more than €800 million ($1. 1 billion) into shares and the other half to be written off and it wants to slash up to 3,000 jobs. The troubled airline was kept afloat by a government-engineered €500 million rescue package last year but needs cash to keep its planes in the sky, the report said. . . .

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