The French co-chairman of Airbus parent EADS, Arnaud Lagardere, was questioned for nine hours by stock market regulators as part of an inquiry into alleged insider trading, French media reported Wednesday.
The Cannes Film Festival is about halfway through, and it's not just about starlets and red carpets -- real business gets done. Cannes is where American filmmakers go to meet with buyers from "foreign properties" to sell their international distribution rights. Often, independent filmmakers will sell foreign rights before the film is made, to finance production -- selling on the strength of the stars and the concept.
Air France-KLM posted full-year operating profit up 32.5% as sales rose 7.6%, with the impact of higher passenger activity offset by an increased fuel bill.
France's new budget minister, Eric Woerth, said Tuesday he sees growth in 2007 at 2.25% to 2.5%.
France will play an active role in solving the crisis at aerospace group EADS but will eventually sell its holding, French President Nicolas Sarkozy told workers at the headquarters of planemaking unit Airbus on Friday.
Sacre Bleu! French workers are the world's biggest whiners. Dutch workers are the happiest, while the lowest worker morale is found in Japan. Those are some of the conclusions of a study released earlier this week by FDS International, a London based market research agency.
French President Nicolas Sarkozy named Francois Fillon as prime minister on Thursday, banking on the moderate conservative's negotiating skills to push through sweeping reforms in the face of union resistance.
Nicolas Sarkozy succeeded Jacques Chirac as French president on Wednesday, promising to usher in an era of change and restore national pride.
French employment rose a provisional 0.6% in the first quarter, after an 0.2% rise in the previous quarter, statistics office Insee said.
Suez, the French power company planning to merge with Gaz de France, said Tuesday that it more than doubled its stake in Spanish rival Gas Natural.
The French consumer price index for April showed higher-than-expected increases of 0.5% from March and 1.3% from a year earlier, the Insee statistics office said.
France's gross domestic product grew 2.0% in 2006 after rising 1.7% in 2005, the Insee statistics office said, revising the figure downward from the 2.1% it initially reported.
Komal Sri Kumar, chief global strategist for TCW, told CNBC’s “Closing Bell” that for U.S. investors, there’s no place like home.
Stocks will take their direction from economic data today after yesterday's drenching from negative April chain store sales took the Dow down 147 points and bit 1.7% off the Nasdaq and 1.4% off the S&P 500. European markets are lower, following overnight weakness in Asian markets.
French state-owned utility EdF on Friday denied a report it contacted management of German utility RWE, or German authorities, in regards to a takeover.
Airbus parent EADS said on Thursday first-quarter operating profit plunged after it took a 688 million-euro ($931.3 million) provision at the planemaker as part of its Power8 restructuring programme.
French bank Societe Generale on Thursday reported a 1.9% drop in first-quarter net profit, as higher operating expenses offset strong growth at its international retail division.
French bank BNP Paribas reported a better than forecast 24.5% rise in its first-quarter net profit on Wednesday, helped by earnings growth at its investment banking and asset management units and capital gains.
Many Americans cheered the victory of Nicolas Sarkozy in France's presidential election, saying they welcomed the conservative's friendlier stance towards the United States after years of strained relations.