ENTERTAINMENT

Parretti Appeal Rejected: An Amsterdam court rejected Italian financier Giancarlo Parretti’s bid to be reinstated as a member of Melia International’s management board. Melia removed Parretti on grounds that he had violated company rules. Parretti used Melia as a vehicle for the $1.3-billion purchase of MGM/UA Communications Co. last year. The movie company has since been taken over by its chief lender, France’s Credit Lyonnais. Parretti has asked Credit Lyonnais to make upcoming interest payments of $2.17 million to MGM bondholders.