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Sunday, November 22, 
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Entries tagged "France"

U.S. unlikely to adopt France's schizo pay rules

Germany and France are set to push other G-20 nations to adopt stricter rules on financial sector bonuses, but experts say it is unlikely that the U.S. et al. will jump on board.


Workers threaten to blow up French Nortel plant

Employees have threatened to blow up the facility if they don't receive favorable severance packages.


Internet deals go hostile in Europe

Online media company GoAdv offers $65M for LeGuide.com


IAC breaks up with Match.com Europe

Barry Diller's IAC/InterActiveCorp announced that it would sell the European operation of its online dating unit Match.com to French rival Meetic.


France to tackle hedge funds

Economy Minister Christine Lagarde will lobby the G7 to beef up risk control on hedge funds when she meets with her fellow finance ministers in Rome for dinner on Friday.


Will EC block French state aid to banks?

How weak do a nation's banks need to be to qualify for state aid? It is a question that the European Commission appears to be wrestling with as it ponders a French proposal to provide €10.5 billion ($13.6 billion) of loans to its top six lenders by the end of the month. A report in the Financial Times on Saturday claimed that the Commission, the European Union's financial watchdog, was considering blocking the aid because it would be used to increase the bank's lending books rather than dig them out of a financial hole. The report was denied by...


Sarkozy pledges new fund will protect French companies

France's new sovereign wealth fund made its debut on Thursday as its creator and champion, President Nicolas Sarkozy, vowed to use €20 billion ($25 billion) in assets to protect French companies from foreign bidders and invest in strategic industry....


France buys bank debt

Vivé la difference. While the U.K. and other European nations have opted to buy equity stakes in their crisis-battered banks, France has chosen to take bank debt. On Tuesday, French banking stocks rose as investors cheered government plans to buy €10.5 billion ($14.1 billion) of debt from France's six biggest lenders, including BNP Paribas SA and Société Générale SA. The state will pump in cash but acquire no voting rights....


Belgium, France and Luxembourg come to the rescue of Dexia

Belgium, France and Luxembourg on Thursday extended their support of Dexia SA by agreeing to provide state guarantees for the world's largest lender to local governments....


EU bailout talk divides Germany and France

As the Senate passed the $700 billion Wall Street bailout package and House approval looked increasingly likely, a debate was raging in Europe about whether to craft a similar remedy for the 27-nation EU....


You ought to be in pictures

With holdings in television, radio and the Internet, CBS Corp. said it is looking into a new medium — the movie business. "We are exploring it ... We're not looking to do Superman," Chief executive Les Moonves said at a Pricewaterhouse Coopers media event in New York. Moonves did not hint as to how CBS would pursue this venture. But he did say he wanted to start off small by doing maybe six to eight movies a year on small budgets of up to $30 million per film. That certainly makes sense. For media companies, making a film these days...


Thanks for sharing, Eeyore

Carmakers use the auto show in Detroit as a showcase for their latest production vehicles and sexiest new concepts. The whole affair is a celebration of unbridled optimism for the model year ahead. But apparently no one explained this dynamic to Wilbur Ross. The buyout maven, who dipped his toe into the auto industry last year by acquiring the European operations of bankrupt carmaker Collins & Aikman Corp., told Reuters before his scheduled auto show speech today that bad times are rolling along. Said Ross: “I think this could very well be a worse shakeout year for auto suppliers than...



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Editor's Note

Editor's letter: Nov. 16, 2009

Beneath the veneer of Wall Streeters beats the same heart, stirred by the same determinants of behavior.



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