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PARIS, Oct 3- Societe Generale said on Wednesday it had started exclusive talks to sell its loss-making Greek unit Geniki Bank to Greek lender Piraeus Bank as it seeks to cut its exposure to the debt-stricken country. Societe Generale is the latest French lender to pull out of Greece after expanding into the debt-laden country in the early 2000 s.
"Our new leisure group will benefit from combining the low cost carrier with the strong brand reputation of Air Canada Vacations and leveraging the established marketing and distribution channels of both Air Canada Vacations and Air Canada," Air Canada CEO Calin Rovinescu said in a statement.
Oct 2- Air Canada, Canada's biggest airline, said it would form an integrated leisure group by combining its tour operator business with its planned low-cost airline. The airline named Michael Friisdahl chief executive officer of the leisure group, which will include tour operator business Air Canada Vacations.
*To form leisure group with combination of new low-cost airline and Air Canada. vacations; Michael Friisdahl appointed as president and CEO of new unit. *Says new low-cost leisure airline to launch in 2013 with two Boeing 767-300 er.
Oct 2- Canada's main stock index looked set for a higher open on Tuesday, as euro zone worries eased after a report ignited expectations of an imminent bailout request from Spain.
Oct 2- Credit Agricole SA:. *Exane BNP Paribas raises Credit Agricole SA price target to 6.6. Reuters Station users, click. 1580.
*Natixis raises Banco Popolare target price to 1.12 euros. *Natixis raises BNP Paribas target price to 45.5 euros from 40 euros; rating buy. *Natixis raises Credit Agricole SA target price to 6.7 euros from.
Oct 2- The following are the top stories on the New York Times business pages on Tuesday. *New York's attorney general, under the aegis of a federal mortgage task force, filed a civil suit against Bear Stearns, now part of JPMorgan Chase& Co, asserting that it defrauded investors who purchased mortgage securities.
Oct 2- Credit Agricole SA:. *SocGen cuts Credit Agricole SA to hold from buy. Reuters Station users, click. 1580.
CAC-40 futures are 0.7 percent lower at 0620 GMT FRANCE TELECOM. The oil services company said on Tuesday it has signed a lump-sum contract with Murphy Exploration& Production Company for the development of an offshore field in the Gulf of Mexico.
TORONTO, Oct 1- Air Canada, the country's largest airline, said on Monday it would transfer its fleet of 15 73- seat Embraer 175 aircraft to privately-held Sky Regional Airlines Inc next year, part of its cost-cutting push.
PARIS, Oct 1- French brokerage Cheuvreux is likely to cut hundreds of jobs as part of Credit Agricole's. Credit Agricole said in July it was in exclusive talks to sell Cheuvreux, which employs about 700 people worldwide, to independent financial services group Kepler Capital Markets.
*Dubai lender ENBD and Morocco's Attijari among bidders. DUBAI/ CAIRO, Oct 1- Dubai's Emirates NBD. and Morocco's AttijariWafabank have bid to buy BNP Paribas' Egyptian retail arm, four banking sources said, as regional banks pick up assets being shed by European lenders.
Oct 1- Credit Agricole SA:. *RBC raises Credit Agricole SA to sector perform from underperform. *RBC raises Credit Agricole SA price target to 6.60 euros from 4.
*Announces fleet plan for international growth.
*Possible 1 bln euro earnings hit- Mediobanca analysts* Deal to be completed by year-end. PARIS/ ATHENS, Oct 1- Credit Agricole announced plans on Monday to pay Alpha Bank 550 million euros to take Greek lender Emporiki off its hands, on top of billions it already injected into the subsidiary during the country's slide into economic depression.
Shares in French lender Credit Agricole rise 2.7 percent, the top gainers on France's CAC 40 index, as the bank confirms it is in exclusive talks to sell its Greek bank Emporiki to Alpha Bank.
By Christian Plumb and Lefteris Papadimas. PARIS/ ATHENS, Oct 1- Credit Agricole said on Monday it planned to inject another 550 million euros into its Greek bank Emporiki under a deal to sell it to Alpha Bank for a symbolic one euro, as it prepares to quit Europe's most depressed economy.
PARIS, Oct 1- Credit Agricole confirmed on Monday that it was in exclusive talks to sell the whole of its Greek Emporiki unit to Alpha Bank as the French bank seeks to pull out of the debt-stricken country.
Separately, the bank's brokerage unit Cheuvreux could cut 290 jobs in France as part of a possible deal with financial services group Kepler Capital Markets to buy Cheuvreux, French daily Les Echos wrote, citing sources close to the matter.