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A strike at General Motors Corp.'s Indianapolis metal stamping plant is expected to force two more GM truck assembly plants to shut down Thursday night, ratcheting up the United Auto Workers union's bargaining pressure on the automaker.
A GM source said the two truck plants will run out of parts from Indianapolis late ... | 7 |
Chrysler Corp., planning for a future without fear of financial crisis, said Tuesday it can boost its annual production capacity past 4 million vehicles and grab 20 percent of the U.S. car and truck market.
Chrysler's top executives, in a series of briefings Tuesday, said the automaker was poised to boost its financial... | 7 |
In a sign that agreement on a labour contract between General Motors Corp. and the United Auto Workers may still have significant hurdles, the union said Friday it cancelled a meeting of its National GM Council that was scheduled here for Saturday.
The council, made up of about 250 plant-level leaders at GM locals acro... | 7 |
Boosting the pressure on General Motors Corp. for a new labor agreement, the United Auto Workers union Friday set a Sunday night deadline for a strike against the world's largest automaker.
UAW President Stephen Yokich said in a statment that union negotiators were not optimistic that a new contract deal could be reach... | 7 |
Adding to the controversy over the safety of automobile air bags, the federal government's auto safety agency said Thursday it was stepping up an investigation into spontaneous air bag deployments in several General Motors Corp. cars.
The National Highway Traffic Safety Administration said it has received five reports ... | 7 |
General Motors Corp. workers remained on the job without a contract Monday as United Auto Workers President Stephen Yokich refrained -- for now -- from calling a strike against the auto giant.
Negotiations on a new national labor contract covering GM's 215,000 UAW hourly workers recessed early Monday after a midnight s... | 7 |
General Motors Corp. and the United Auto Workers union reached a tentative agreement early on Saturday for a new national labor contract, ending months of contentious bargaining.
"I think we said back in June that it would be a difficult negotiation, and I think we fulfilled that expectation," said a visibly tired GM C... | 7 |
Ford Motor Co. said Friday it will pay $40 million for the right to put its name on the future home for the National Football League's Detroit Lions, a new domed stadium to be built in downtown Detroit.
Ford, which has not yet chosen a formal name for the facility, will pay the fee over several years to Detroit's newly... | 7 |
Negotiators for General Motors Corp. and the United Auto Workers union were back at the bargaining table on Saturday in an effort to reach a new national labor agreement before a Sunday night strike deadline.
Bargainers, led by UAW President Stephen Yokich, reconvened about 8 a.m. (noon GMT) at GM's Detroit headquarter... | 7 |
Labor negotiations between General Motors Corp. and the United Auto Workers went around the clock into early Saturday morning as pressure from strike-related production losses mounted on the world's largest car maker.
Bargainers at GM's world headquarters were said to be haggling over a list of plants that GM wants to ... | 7 |
Strong demand for light trucks and relatively few production headaches boosted the combined profits of the Big Three U.S. automakers to nearly $2 billion in the third quarter, exceeding year-ago results by a healthy margin, analysts said.
The third quarter is traditionally the industry's weakest, with summer vacations ... | 7 |
Ford Motor Co., which reported a $472 million loss in Europe this week, faces a long and difficult job to cut costs and jump-start its product line to deal with a sluggish European market and tough competition, analysts said Friday.
Ford executives this week disclosed that they plan a broad effort to cut costs in Europ... | 7 |
Negotiators for General Motors Corp. and the United Auto Workers adjourned their talks on Saturday evening with less than 30 hours to go before a midnight Sunday strike deadline.
Bargainers, led by UAW President Stephen Yokich, took their second consecutive night off since the union announced on Friday that it will can... | 7 |
Rested negotiators for General Motors Corp. and the United Auto Workers met again Friday to make another push for agreement on a new national labour contract before a Saturday meeting of UAW leaders.
The bargainers went home without a deal Thursday night after meeting for nearly 32 hours, although some officials said t... | 7 |
General Motors Corp. can shrink its workforce under a United Auto Workers pact that differs significantly from contracts with Ford Motor Co. and Chrysler Corp., the union disclosed Wednesday.
But the three-year GM agreement also contains tougher restrictions on using outside companies for parts, aimed at curbing job lo... | 7 |
General Motors Co. and the United Auto Workers recessed contract negotiations early Monday, several hours after their existing contract expired, but union officials said talks were likely to resume later in the day.
Union members continued working despite the impasse and UAW President Stephen Yokich said the union and ... | 7 |
General Motors Corp.'s board of directors will likely delay an increase in the company's quarterly common stock dividend if it fails to reach a contract deal with the United Auto Workers union before Monday, analysts said Friday.
GM's board is scheduled to meet on Monday and will consider the automaker's fourth quarter... | 7 |
Negotiators from General Motors Corp. and the United Auto Workers union appeared to be grinding toward a national contract deal Thursday as a local strike at a metal stamping plant threatened the automaker with As a marathon bargaining session that started at 10 a.m. EST Wednesday wore on, UAW officials said the two si... | 7 |
General Motors Corp. and the United Auto Workers resumed contract negotiations Wednesday under the threat of additional strikes as local walkouts continued in Wisconsin and Indiana.
Bargainers reconvened at GM's headquarters here Wednesday morning but GM spokesman Charles Licari declined to say if GM Chairman Jack Smit... | 7 |
With the strike against General Motors in Canada headed for a second week, the automaker's losses will start mounting as its U.S. plants are forced to shut down, delaying the launch of important new models, analysts said Wednesday.
The walkout by the Canadian Auto Workers union is set to spread to two key components pl... | 7 |
Ford Motor Co. is in talks with the Detroit Lions on a multi-million dollar deal to purchase naming rights to the football team's proposed new stadium in downtown Detroit, Ford Chairman Alex Trotman said Thursday.
The deal, expected to be signed in the next few days, comes as little surprise, since the Lions are owned ... | 7 |
General Motors Corp. may face mounting losses as the strike against its Canadian operations heads for a second week, but GM Chairman Jack Smith Wednesday vowed not give up his quest for competitiveness.
The last of 26,000 Canadian Auto Workers members are set to strike GM plants at midnight Wednesday, bringing the auto... | 7 |
The United Auto Workers union unleashed two local strikes against General Motors Corp.'s truck operations Tuesday night in bids to boost pressure on the automaker for new national and local labor agreements.
About 2,750 members of UAW Local 23 walked off the job at GM's Indianapolis metal stamping plant at about 6 p.m.... | 7 |
With a contentious, 20-day strike by the Canadian Auto Workers now behind it, General Motors Corp. could reach a U.S. labor agreement with the United Auto Workers in a matter of days, union officials said Wednesday.
The UAW talks, which affect some 215,000 hourly workers, were moving quickly when the strike in Canada s... | 7 |
The United Auto Workers union unleashed two local strikes against General Motors Corp.'s truck operations Tuesday night in a bid to increase pressure for new national and local labor agreements.
About 2,750 members of UAW Local 23 walked off the job at GM's Indianapolis metal stamping plant at about 6 p.m. EST, followe... | 7 |
General Motors Corp. has packed its new EV1 electric vehicle with exotic materials and sophisticated, unproven technology, but is taking a cautious approach to introducing it to the public.
GM officials said Tuesday they plan to offer the two-seat car only on three-year leases and will hold the customer's hand virtual... | 7 |
General Motors Corp. and the United Auto Workers union reached a tentative deal for a job-preserving labour contract early Saturday, but the accord failed to halt costly local strikes in Wisconsin and Indiana.
The three-year national agreement, which covers wages, benefits and job security for GM's 215,000 hourly UAW w... | 7 |
Boosting the pressure on General Motors Corp. for a new labour agreement, the United Auto Workers union Friday set a Sunday night deadline for a strike against the world's largest automaker.
UAW President Stephen Yokich said in a statment that union negotiators were not optimistic that a new contract deal could be reac... | 7 |
The president of the Canadian Auto Workers held out little hope on Friday for a quick end to a 10-day-old strike against General Motors Corp and said his counterparts at the United Auto Workers are having similar problems reaching a labor pact with the automaker.
Basil "Buzz" Hargrove told reporters in a conference cal... | 7 |
Adding to the controversy over the safety of automobile air bags, the federal government's auto safety agency said Thursday it was stepping up an investigation into spontaneous air bag deployments in several General Motors Corp. cars.
The National Highway Traffic Safety Administration said it has received five reports ... | 7 |
Local strikes in Wisconsin and Indiana began taking their toll on the rest of General Motors Corp.'s truck production Wednesday, clouding the automaker's national contract talks with the United Auto Workers.
GM said the day-old walkout at its Indianapolis metal stamping plant would force it to halt production of full-s... | 7 |
Workers at a key General Motors Corp. metal stamping plant in Indianapolis began returning to work on Sunday after ratifying a deal to end a five-day strike that threatened to paralyze most of the automaker's light truck production.
But a similar settlement eluded negotiators at GM's Janesville, Wis., truck assembly pl... | 7 |
United Auto Workers bargainers reconvened at General Motors Corp.'s headquarters Tuesday following a day off Monday, but talks between the two sides maintained a low profile, UAW and company spokesmen said.
UAW workers continued to report to their jobs at GM's U.S. factories, despite the expiration of their national la... | 7 |
General Motors Corp. Tuesday reached a tentative deal to end a week-long strike at its truck plant in Janesville, Wis., the last of a recent wave of local walkouts against the automaker.
About 4,809 members of United Auto Workers Local 95 were scheduled to vote on the tentative local labor agreement at a 1 p.m. EST We... | 7 |
General Motors Co. and the United Auto Workers recessed contract negotiations early Monday, several hours after their existing contract expired, but union officials said talks were likely to resume later in the day.
Union members continued working despite the impasse and UAW President Stephen Yokich said the union and ... | 7 |
Workers at a key General Motors Corp. metal stamping plant in Indianapolis began returning to work on Sunday after ratifying a deal to end a five-day strike that threatened to paralyze most of the automaker's light truck production.
But a similar settlement eluded negotiators at GM's Janesville, Wis., truck assembly pl... | 7 |
Lear Corp., furthering its quest to supply complete car interiors, said Friday it agreed to buy the instrument panel and trim parts unit of Denmark-based Borealis Holding AB.
Lear said it signed a memorandum of understanding to acquire Borealis Industrier AB for undisclosed terms.
Based in Gothenburg, Sweden, Borealis ... | 7 |
General Motors Corp cut a deal to end a costly strike at an Indianapolis metal stamping plant on Saturday, about 14 hours after it announced a tentative national contract agreement with the United Auto Workers union.
The five-day Indianapolis strike had threatened to paralyze most of GM's North American light truck pro... | 7 |
Strike-fueled production losses mounted for General Motors Corp. Friday as the United Auto Workers signaled a snag in labor contract talks by canceling a Saturday meeting of plant-level leaders here.
The UAW said its 250-member National GM Council was now scheduled to meet Wednesday, Nov. 6, in Chicago if the union rea... | 7 |
Investors pushed General Motors Corp. shares higher Monday, a sign that Wall Street is pleased that the auto giant signed a new national labour agreement that allows it to shed some workers.
GM's shares traded up $1.50 at $55.50 in late trading on the New York Stock Exchange after the company signed the tentative agree... | 7 |
Chrysler Corp. said Monday it rode strong sales of its pickup trucks, minivans and sport/utility vehicles to a 92 percent jump in third-quarter profits, soundly beating Wall Street's optimistic forecasts.
Detroit's No. 3 automaker earned $680 million, or 93 cents a share, in the July-September period, setting records f... | 7 |
A midnight Sunday strike deadline for General Motors Corp expired without a walkout as talks between the car maker and the United Auto Workers continued into the early morning hours on Monday.
A GM spokesman declined to provide further details of the negotiations, saying the automaker would make a more detailed stateme... | 7 |
Lear Corp., furthering its quest to supply complete car interiors, said Friday it agreed to buy the instrument panel and trim parts unit of Denmark-based Borealis Holding AB.
Lear said it signed a memorandum of understanding to acquire Borealis Industrier AB for undisclosed terms.
Based in Gothenburg, Sweden, Borealis ... | 7 |
The United Auto Workers union is discussing the possibility of an extended five- or six-year contract with the nation's largest automakers, UAW and company officials said Monday.
The union is open to the idea of a contract longer than the typical three-year pact if it offers significant job security guarantees, officia... | 7 |
After meeting for nearly 32 hours, most bargainers for General Motors Corp. and the United Auto Workers union adjourned talks without a national contract deal Thursday night as several more truck plants headed for strike-related shutdowns.
"Talks in several specific areas will continue tonight," said GM spokesman Charl... | 7 |
Second-shift workers at General Motors Corp. 's Cadillac assembly plant here will not report to work on Monday because of the Canadian Auto Workers strike and thousands more U.S. assembly employees may be laid off this week, GM said on Sunday.
The Cadillac plant on the outskirts of Detroit will operate with only one sh... | 7 |
Strong demand for light trucks and relatively few production headaches will boost the Big Three U.S. automakers' combined profits to nearly $2 billion for the third quarter, exceeding year-ago results by a healthy margin, analysts said Tuesday.
The quarter is traditionally the weakest of the year with summer vacations ... | 7 |
Local strikes in Wisconsin and Indiana began taking a larger toll on General Motors Corp. truck operations Wednesday, increasing pressure on the automaker for a new national contract with the United Auo Workers union.
GM said the walkout that started Tuesday night at its Indianapolis metal stamping plant forced the com... | 7 |
Second-shift workers at General Motors Corp. 's Cadillac assembly plant here will not report to work on Monday because of the Canadian Auto Workers strike and thousands more U.S. assembly employees may be laid off this week, GM said on Sunday.
The Cadillac plant on the outskirts of Detroit will operate with only one sh... | 7 |
Negotiators for General Motors Corp. and the United Auto Workers adjourned their talks on Saturday evening with less than 30 hours to go before a midnight Sunday strike deadline.
Bargainers, led by UAW President Stephen Yokich, took their second consecutive night off since the union announced on Friday that it will can... | 7 |
Jacques Maillot, the chairman of travel group Nouvelles Frontieres who dropped out of bidding for Air Liberte, is now talking to acquire airline AOM, a spokeswoman for his travel group said.
Maillot on Wednesday announced that he and partner Royal Air Maroc had withdrawn their participation in talks to rescue Air Liber... | 29 |
Cie Generale des Eaux on Tuesday launched its bid to become the main rival to state-owned France Telecom with the start a fixed telephone network in a residential quarter in the southern city of Nice.
Philippe Glotin, managing director of Generale's telecoms unit Cegetel, said the group aims to have a market share in 2... | 29 |
France announced plans to create a major new force in the world defence industry on Wednesday, by selling state-owned defence and consumer electronics group Thomson SA to Lagardere Groupe for a symbolic franc.
The government said it had preferred the bid by Lagardere, which owns defence company Matra, to the rival offe... | 29 |
The planned sale of state-owned Thomson Multimedia to Daewoo Electronics has whipped up a storm of protest which on Monday drove down shares in the Korean company's French partner Lagardere Groupe.
Lagardere shares were down more than five percent at midday on investor worries about the backlash of the Thomson sale tha... | 29 |
French chemicals and drugs group Rhone-Poulenc SA on Friday announced a larger than expected 13 percent rise in third quarter profits.
The company, which reported net income of 756 million francs ($147 million) versus 669 million at the same stage last year, said the rise in earnings would have been 25.1 percent but fo... | 29 |
The former long-time head of Britain's General Electric Plc said in a newspaper interview on Wednesday the group was ready to deal with whoever won ownership of state-owned Thomson SA.
The comments to the Les Echos newspaper by Lord Weinstock, GEC's chairman emeritus since September, followed a statement by Alcatel Als... | 29 |
French carmakers Renault SA and Peugeot PSA said on Wednesday that they were in talks with the government on a long-term plan to rejuvenate their workforce.
But the companies did not confirm a newspaper report they were seeking approval for a five-year plan to cut 40,000 jobs in an early retirement scheme in exchange f... | 29 |
Jet Multimedia aims to take on both Netscape Communications and Microsoft and have its France Explorer browser become the French standard instead of Netscape Navigator or Microsoft Explorer.
A spokeswoman for the small Lyon-based company said on Friday that France Explorer would be distributed for free at the start of ... | 29 |
French Telecommunications Minister Francois Fillon has granted a telecoms operating licence to state-owned railroads group Societe Nationale des Chemins de Fer (SNCF) as a further step towards the sector's liberalisation.
In a decree published in the Official Journal on Monday, Fillon said he was granting a 15-year lic... | 29 |
French Finance Minister Jean Arthuis said on Monday the procedure followed in the planned sale of Thomson SA was beyond criticism.
France's independent privatisation commission, however, always had the right to block the deal, he added.
"It is my conviction that the procedure followed by the government is unassailable.... | 29 |
Market talk persists about a possible demerger of Rhone-Poulenc into a chemicals company and a pharmaceuticals group, with a leading French broker saying it would boost share value by a third.
"Intrinsically, Rhone-Poulenc is worth no more than 40 to 45 billion francs ($7.89 billion to $8.88 billion) due to the weight ... | 29 |
South Korea's Daewoo Electronics staged a charm campaign on Wednesday with newspaper advertisements after fierce criticism about its plans to buy state-owned loss-making Thomson Multimedia.
Under a banner "Do you know the dwarf Daewoo?, the 34th biggest world company" the group tried to counter a growing resentment in ... | 29 |
French state-owned Air France said on Thursday it was ready to take on the tougher competition posed by the planned foray into the French domestic market of British flag-carrier British Airways Plc (BA).
BA's TAT French unit on Wednesday announced a joint 780 million franc bid ($151.2 million) with French private bank ... | 29 |
French diversified conglomerate Bouygues on Thursday said Italy's STET was joining its efforts to become a leading player in France's telecommunications market after full liberalisation of the sector in 1998.
Bouygues, active in construction, television and communication, said STET would take a 49 percent stake in a ne... | 29 |
Cie Generale des Eaux on Tuesday launched its bid to become the main rival to state-owned France Telecom with the start a fixed-line telephone network in a residential area in this southern city.
"Local telecommunications are for CEGETEL a major strategic axis," Philippe Glotin, managing director of Generale's telecoms... | 29 |
Cie Generale des Eaux on Tuesday launched its bid to become the main rival to state-owned France Telecom with the start a fixed telephone network in a residential quarter in the southern city of Nice.
Philippe Glotin, managing director of Generale's telecoms unit Cegetel, said the group aims to have a market share in 2... | 29 |
France's state-owned electricity utility Electricite de France (EDF) said on Wednesday it had made a 850 million franc asset gain selling its 10 percent stake in Sweden's Sydkraft AB to Norway's Statkraft SF.
"It allows us to realise a big asset gain and the deal is also the start of an alliance with Statkraft," EDF ch... | 29 |
Storage Technology Corp on Tuesday said it had signed a deal with the Swedish patent office for the sale of a disc-based storage system and was in talks with the Chinese patent office about a similar deal.
The two events follow an earlier system sale to the European Patent Office, based in The Hague.
"It's too early to... | 29 |
French carmakers Renault SA and Peugeot PSA said on Wednesday that they were in talks with the government on a long-term plan to rejuvenate their workforce.
But the companies did not confirm a newspaper report they were seeking approval for a five-year plan to cut 40,000 jobs in an early retirement scheme in exchange f... | 29 |
Shares in French sports equipment maker Groupe Salomon SA fell sharply for the second day in a row on Thursday after a long and steady rise which saw the share more than double in value this year.
Dealers said that the company, headed by Jean-Francois Gautier and based in the mountain region of Annecy in the east of Fr... | 29 |
French state-owned airline Air France said on Thursday it was ready to take on the toughening competition in its domestic market posed by British Airways Plc (BA).
BA's TAT French unit on Wednesday announced a joint 780 million franc bid ($151.2 million) with bank Rivaud for domestic carrier Air Liberte that will doubl... | 29 |
European governments and industry on Thursday launched a high-technology programme aimed at staying among the leaders of the world technology race.
Microelectronic Developments for European Applications (MEDEA), a two billion ecu programme for the 1997-2000 period, takes over from the Joint European sub-micron semicond... | 29 |
French chemicals and drugs group Rhone-Poulenc SA on Friday announced a larger than expected 13 percent rise in third quarter profits but said the increase would have been 25.1 percent but for a product recall.
Investors cheered the figures, encouraged by a good rise at its pharmaceuticals unit and the limited impact o... | 29 |
French Prime Minister Alain Juppe said on Tuesday he wanted a public debate on the planned privatisation of electronics group Thomson SA after an outcry over an earlier government decision.
"Once the (privatisation commission) has delivered its ruling, and whatever its content, I will ask for a public debate on all the... | 29 |
British Airways Plc (BA) on Wednesday boosted its position in France when French bank Groupe Rivaud joined its bid for ailing French regional airline Air Liberte.
Rivaud, a founding shareholder in Air Liberte and a former partner in a rival consortium, agreed to join BA after marathon talks that began on Tuesday aftern... | 29 |
Daewoo Electronics on Tuesday tried to placate French critics of its planned purchase of Thomson Multimedia with job and investment promises while calling a counter-bid "not realistic"
But Bae Soon-hoon, chairman of the South Korean company, declined to discuss financial details of the proposed takeover until the Frenc... | 29 |
The French government said on Tuesday it was to complete the privatisation of computer-maker Cie des Machines Bull by selling another stake of at least five percent.
The sale, after a capital increase of "several hundreds of millions of francs" will reduce the government's share in the company, both directly and throug... | 29 |
The 1,400 staff of ailing French regional airline Air Liberte, which is under bankruptcy protection, published a full-page newspaper advert on Sunday demanding that they be shown takeover bids made to the administrators.
"How is it possible that a company which has been fighting with success for eight years to improve ... | 29 |
The French Industry Minister on Wednesday angrily reminded the chairman of Britain's General Electric Co Plc of his conditions for an Anglo-French nuclear merger on the day the plan was set to go ahead.
Franck Borotra issued a statement saying French interests needed to keep a majority in a merged combination of the GE... | 29 |
South Korea's Daewoo Electronics staged a charm campaign on Wednesday with newspaper advertisements after fierce criticism about its plans to buy France's state-owned loss-making Thomson Multimedia.
Under a banner "Do you know the dwarf Daewoo?", the 34th biggest world company" the group tried to counter growing resent... | 29 |
France Telecom chairman Michel Bon said on Tuesday the French operator wanted to grow internationally in order to offset the impact of competition in France.
"We will not enjoy all the market growth in France," Bon told a news briefing.
From 1998, France Telecom will lose its monopoly position entirely and both General... | 29 |
French state-owned Air France said on Thursday it was ready to take on the toughening competition in its domestic market posed by British Airways Plc (BA).
BA's TAT French unit on Wednesday announced a joint 780 million franc bid ($151.2 million) with bank Rivaud for domestic carrier Air Liberte that will double its sh... | 29 |
British Airways Plc on Wednesday joined with French bank Groupe Rivaud to bid for ailing French regional airline Air Liberte, the airlines' administrator told Reuters on Wednesday.
"It's a bid to continue the company. British Airways will have 70 percent, Rivaud 30 percent. It's a bid which satisfies my conditions, ass... | 29 |
A decision on the fate of ailing airline Air Liberte is not due until the start of next week and no bidder has yet formally submitted an offer to acquire the company, the president of the Creteil commercial court said.
"At the moment, no bid has been submitted," Dominique Leveque told Reuters by telephone. He denied ne... | 29 |
The planned sale of state-owned Thomson Multimedia to Daewoo Electronics has whipped up a storm of protest, which on Monday drove down shares in the Korean company's French partner Lagardere Groupe.
Lagardere shares closed nearly seven-percent lower on Monday on investor worries about the backlash of the Thomson sale t... | 29 |
French state-owned airline Air France said on Thursday it was ready to take on the toughening competition in its domestic market posed by British Airways Plc (BA).
BA's TAT French unit on Wednesday announced a joint 780 million franc bid ($151.2 million) with bank Rivaud for domestic carrier Air Liberte that will doubl... | 29 |
The chairman of Daewoo Electronics on Tuesday tried to placate French critics of a planned acquisition of Thomson Multimedia with repeated job and investment promises and said a counter-bid was "not realistic"
But Bae Soon-hoon declined to discuss financial details of the proposed takeover until the government's decisi... | 29 |
The 1,400 staff of ailing French regional airline Air Liberte, under bankruptcy protection, on Sunday published a full-page newspaper advert demanding to get a look at the takeover bids made to the administrators.
"How is it possible that a company which has been fighting with succes for eight years to improve the qual... | 29 |
The French government has started a wide consultation on one of the thorniest issues in the future liberalised telecommunications sector -- the costs of interconnection charged to operators by France Telecom.
With Germany's Deutsche Telekom starting share trading on Monday, France is taking a further step in preparing ... | 29 |
Analysts were mixed on the Rhone-Poulenc SA third quarter results and some said they might raise full-year forecasts while others left forecasts unchanged.
"The figures are better than we had forecast," said analyst Guy Phillips at BZW in London.
"Especially the operating profit at life sciences, pharmaceuticals please... | 29 |
France announced plans to create a major new force in the world defence industry on Wednesday, by selling state-owned defence and consumer electronics group Thomson SA to Lagardere Groupe, which owns missile maker Matra.
The government said in a statement it preferred Lagardere's bid to the rival offer of largely civil... | 29 |
British Airways Plc (BA) on Wednesday boosted its position in France when French bank Rivaud joined its bid for ailing French regional airline Air Liberte.
Rivaud, a founding shareholder in Air Liberte and a former partner in a rival consortium, agreed with BA after marathon talks started on Tuesday afternoon and endin... | 29 |
There is a discreet battle raging in France over whether future competitors of a privatised France Telecom will be able to make a living or whether the playing field will be tilted against them.
With billions of francs at stake, analysts are scutinising the abstruse technical details of interconnection charges and the ... | 29 |
Jacques Maillot, the chairman of travel group Nouvelles Frontieres who dropped out of bidding for French regional airline Air Liberte, is planning to buy airline AOM and expects formal talks to start in weeks.
"I have had several talks with CDR executives and we have started to exchange information," Maillot said. "We ... | 29 |
Several thousand employees of French consumer electronics company Thomson Multimedia held protest marches in Paris and other towns on Wednesday against the planned sale of the group to South Korea's Daewoo.
Workers of the state-owned company came in busloads to Paris to demonstrate in front of the group's headquarters ... | 29 |
French computer maker Cie des Machines Bull now has the freedom to deal with any other computer group in Europe following the sale of some five percent of its shares held by the government.
Thierry Breton, managing director of Bull, told Reuters in a telephone interview that the company still planned to be part of a re... | 29 |
Jean-Luc Lagardere, chairman of Lagardere Groupe, said on Saturday that his group was not going to sell Thomson's prized digital television know-how to South Korea's Daewoo Electronics.
Lagardere, adressing students at the Sorbonne university during a weekend seminar on industry, said in his first public comments after... | 29 |
The future of French electronics group Thomson SA could be decided later on Monday when the government will say whether Alcatel-Alsthom or the Lagardere Groupe can buy the group.
Sources close to the government said that the decision, prepared in close consultation with President Jacques Chirac, could be announced late... | 29 |
South Korea's Daewoo Electronics on Thursday defended a proposed controversial deal to buy France's Thomson Multimedia by pledging to make investments in the company.
The head of Daewoo Electronics and the founder of its parent company tried to allay French fears through interviews in two leading French newspapers, pro... | 29 |
Market talk persists about a possible demerger of Rhone-Poulenc into a chemicals company and a pharmaceuticals group, with a leading French broker saying it would boost share value by a third.
"Intrinsically, Rhone-Poulenc is worth no more than 40 to 45 billion francs ($7.89 billion to $8.88 billion) due to the weight ... | 29 |
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