June 24, 1997 |
In the last decade, societies throughout the world have forsworn the rigidity of statism for the freedom and opportunity of open markets. And then there's France. The French reconfirmed their love of central authority by electing a Socialist-Communist coalition last month that vowed to raise the minimum wage--already close to $10 an hour, including mandatory benefits--cut the workweek to 35 hours, and to relax the fiscal discipline required for European economic and monetary union.
March 20, 1997 |
Sprint Corp. said a takeover of the company by Britain's Cable & Wireless "could not be possible" because of agreements with France Telecom and Deutsche Telekom, which own pieces of Sprint. The Wall Street Journal reported Wednesday that Cable & Wireless was considering a takeover bid worth at least $15 billion for Sprint, the No. 3 U.S. long-distance company.
February 26, 2005 |
French Finance Minister Herve Gaymard resigned after an outcry over the $18,500-a-month luxury apartment the ministry rented for his family while the government tries to control public spending. President Jacques Chirac named France Telecom boss Thierry Breton to succeed Gaymard, who had spent less than three months at the finance ministry.
December 17, 2002 |
Credit Agricole agreed to buy the rest of Credit Lyonnais for about $16.4 billion, extending its lead in French consumer banking and thwarting rival BNP Paribas. Credit Agricole has been competing for control of France's No. 6 bank against BNP Paribas, the country's top lender by assets. Buying Credit Lyonnais would add 6 million customers, corporate clients such as France Telecom and Vivendi Universal and more than 1,800 branches.
March 19, 2013 |
SAN FRANCISCO -- Yahoo Inc. is in talks with France Telecom to buy a majority stake in Dailymotion, an online video site popular in Europe that has been scouting for a U.S. partner to take on Google Inc.'s YouTube. If completed, it would be Chief Executive Marissa Mayer's first major acquisition since taking over Yahoo last summer. Under the ownership structure being discussed, Yahoo could buy as much as 75% of Dailymotion with the possibility of buying the rest of the site at a later date, the Wall Street Journal reported . The deal would value Dailymotion at around $300 million.
June 17, 2000 |
Global Crossing Ltd., which is building a worldwide undersea telephone and data network, has ended talks to buy Equant, owner of the world's largest data network, sources familiar with the companies said. The talks fell apart within the past few days because Global Crossing was unwilling to offer enough to satisfy Equant, one source said. Earlier this week, Equant was reportedly in talks to be acquired for $10 billion by either Global Crossing or France Telecom.
August 18, 2001 |
Sweden's Ericsson, a leader in wireless technology, announced sweeping changes in its management structure as it changes its approach to customer service to face an international market downturn. The company, which has been especially hard hit in its cell phone division, named Per-Arne Sandstroem to the new role of chief operating officer in charge of a revised product and service structure based on five units for large global customers.