Alstom in Reported Bribery Investigation


A host of news out of France on Tuesday, with Alstom down more than 2 percent on reports that officials are investigating it for bribery.


Swiss and French officials are investigating if French company Alstom paid "hundreds of millions of dollars" in bribes to win contracts in Asia and South America between 1995 and 2003, the Wall Street Journal said on Tuesday, citing people involved in the matter.

The engineering group said on Tuesday some of its employees had been questioned as witnesses in a Swiss legal investigation, but said a report it was being investigated for paying bribes was based on speculation.


Veolia Environnement reported a 7.1 percent in first-quarter recurring operating profit, helped by new water and waste management contracts, and cold weather that bolstered its energy business.


French President Nicolas Sarkozy on Monday called on Belgian authorities to treat power giant EDF in the same way as other potential buyers of Suez's 57 percent stake in Belgium's Distrigaz.

Credit Agricole

The French bank said it had abandoned a plan to bid for Italy's Banca delle Marche, leaving Banca Popolare dell'Emilia Romagna in the frame.


The company said U.S. phase-2 study for glaucoma drug codenamed PF-03187207 did not meet primary clinical endpoint, and said its partner Pfizer has taken the decision not to launch a global phase 3 development program for PF-03187207.


The U.S. Government Accountability Office (GAO) on Monday kicked off a hearing on Boeing's protest of a $35 billion U.S. Air Force refueling aircraft contract won by Northrop Grumman and its European subcontractor EADS.


Europe's largest video games maker Infogrames on Tuesday named Fabrice Hamaide as finance director, replacing Yves Hannebelle.

Euro Disney

Euro Disney said H1 operating profit was 1 million euros versus year-before 36 million euros loss, net loss was 43 million euros, and revenue was 605 million euros, up 18 percent.

SAFT reported a 2.7 percent rise in first-quarter revenue.