Archive for March, 2010

Wendel has slipped into the red in 2009

Tuesday, March 30th, 2010

2009 has been rough for Wendel. The investment company, which publishes the annual results Tuesday, posting a net loss after minority interests of 918.3 million euros last year against a net profit after minority interests of 158.1 million a year earlier. Turnover fell by 3.4% to 4.865 billion euros. ...

Generali turns the page Bernheim

Monday, March 29th, 2010

The era of Antoine Bernheim is nearing completion at Generali. On 24 April, former Lazard banker, who discovered and long with captains of industry such as Bernard Arnault and Vincent Bollor?, will give way to Cesare Geronzi, the current president of Mediobanca. The shareholders of the large insurer of ...

Two-year suspended sentence required against the former CEO of Vinci

Friday, March 26th, 2010

Two years probation and 375,000 euro fine. Such is the penalty required by the prosecutor in Nanterre cons Antoine Zacharias, CEO of Vinci from 1997 to 2006. Prosecuted for abuse of social good, Antoine Zacharias came to explain Thursday morning in court. His trial was held today and tomorrow ...

KKR sells a stake in Legrand

Thursday, March 25th, 2010

Kohlberg Kravis & Roberts (KKR) does not specify his reasons. But the American capital investment announced Wednesday its intention to sell 4.4% stake in the group of French electrical equipment Legrand. This sale will be conducted by an expedited procedure called "book building". It will cover 11.5 million shares ...

Flu Vaccine A: The state will pay 48 million euros

Tuesday, March 23rd, 2010

The letters are left on Monday evening. Reportedly, the Health Minister Roselyne Bachelot has finalized negotiations there nearly three months with pharmaceutical companies. To date, the Government had decided to terminate 50 of the 94 million doses of vaccine against influenza A previously ordered. Doses reserved - totaling ...

Merkel hopes shower of Greece

Monday, March 22nd, 2010

Greece does not expect the European Council held on Thursday and Friday. Financial markets either: there will be no money available to Greece this week. That is the message, very firm, sent Sunday by Angela Merkel, through the German radio. "Financial assistance to Greece is not on the agenda ...

Tax havens: new offensive OECD

Saturday, March 20th, 2010

The Organization for Cooperation and Economic Development does not relax its pressure on tax havens. Having established under the aegis of the G20 London, black and gray lists of uncooperative jurisdictions, to force them to give up bank secrecy, the OECD launched these days a new phase of its ...

PSA Peugeot Citro?n could change name

Thursday, March 18th, 2010

PSA Peugoet Citroen. Three words for a name that is now considered too long, and difficult to wear for the automaker. It therefore consider the shorten, becoming PSA, for short, has said the magazine Challenges. This decision should be discussed at the general meeting of the group, scheduled ...

Record contract for the work of Jackson

Tuesday, March 16th, 2010

Nine months after his death in June 2009, Michael Jackson continues to fall records. The Wall Street Journal, Sony Music Entertainment preparing to pay 200 million dollars (146 million euros) to the executors of the king of pop out for ten projects in seven years. The agreement could reach ...

Air France: the failure of CEC confirmed

Saturday, March 13th, 2010

This time, union officials of Air France have the heart net. A new audit of accounts of the central works council (CEC) of the company they were unveiled Thursday. An initial audit, issued last January, already pointed "chronic budget deficits" and "the commitment of expenditure and by credit ...