French insurer Axa says 1st half net profit fell 39 percent as financial crisis hits earningsPARIS — Axa SA said its net profit fell 39 percent in the first half as the global financial crisis hammered earnings at both its life and savings and asset management businesses. French bank Societe Generale 2nd quarter net profit falls by half on higher writedownsPARIS — Societe Generale SA said Wednesday its net profit fell 52 percent in the second quarter as the French bank wrote down its derivatives holdings and suffered increased losses on bad loans. French bank BNP Paribas 2nd quarter net profit up 6.6 percent to euro1.6BPARIS — French bank BNP Paribas said Tuesday its net profit rose 6.6 percent in the second quarter as its retail and investment banking divisons succeeded in attracting new business amid the continued global economic downturn. Newspaper by rural Indian women wins UN literacy awardUNITED NATIONS - A newspaper produced entirely by women in rural India is among the four winners of this year’s Literacy Prizes awarded by the United Nations Educational, Scientific and Cultural Organization (Unesco). France calls for dialogue with TalibanPARIS - French Foreign Minister Bernard Kouchner has called for dialogue with the Taliban in Afghanistan in an interview published Monday. Algerian army kills 18 suspected terroristsALGERIA/PARIS - At least 18 suspected terrorists were killed during Algerian Army operations in the eastern part of the country, media reports said Sunday. Pre-dawn art festival wakes up Paris during sleepy summer monthsPARIS — As dawn breaks over a sumptuous Paris garden that was once the playground of kings, a lone horseman puts his mount through his paces. The magnificent steed prances in fancy circles, stretches his forelegs and canters almost in place — in short, he dances. Airbus urges airlines to replace air speed devices on its planesPARIS - Two months after the crash of an Air France Airbus A330 into the Atlantic, the France-based aircraft manufacturer is urging companies flying its planes to replace their air speed measurement devices, an Airbus spokesman said Friday. Retail, luxury group PPR H1 profit down 76 percent on lower demand at Conforama, FNAC chainsPARIS — Retail and luxury group PPR SA on Friday reported a 76 percent drop in earnings for the first half after sales fell at its Conforama furniture stores, FNAC books-to-electronics chain and its Redcats catalog unit. Michelin posts euro122 million loss as crisis in automobile market shrinks demand for tiresPARIS — French tire maker Michelin on Friday posted a net loss of euro122 million ($172 million) in the first half as car- and truckmakers slashed production and as the company incurred costs for restructuring. Total’s net profit drops 54 percent in second quarter on lower oil pricesPARIS — Total SA added to the oil industry’s worst midyear showing in years Friday as slumping global energy demand and falling prices caused its net profit to drop 54 percent in the second quarter. Retail, luxury group PPR 1st half profit down 76 pct on lower demand at Conforama, FNAC chainsPARIS — Retail and luxury group PPR SA on Friday reported a 76 percent drop in earnings for the first half after sales fell at its Conforama furniture stores, FNAC books-to-electronics chain and its Redcats catalog unit. Agreement between Michael Jackson’s mother, ex-wife, ends prospect of upheaval for childrenLOS ANGELES — Michael Jackson’s children will live with their grandmother under an agreement reached with the King of Pop’s ex-wife that ensures the youngsters won’t have to endure a public fight over who raises them. Global automakers post mixed financial results, cut costs while waiting for turnaroundPARIS — The world’s automakers are driving defensively. Air France posts first quarter loss of euro426 million as crisis continues hurting air travelPARIS — Air France-KLM on Thursday reported a bigger-than-expected net loss of euro426 million ($598 million) in the three months through June as premium class travel and its cargo business continued to take a battering. L’Oreal first half sales up 1.4 percent as company sees gradual improvement in 2nd halfPARIS — French cosmetics company L’Oreal said Thursday its sales rose slightly in the first half thanks to its consumer products division and forecast a gradual improvement over the rest of the year. Air France Airbus hits a building in Brazzaville after landing; no one is hurtBRAZZAVILLE, Republic of Congo — An Air France Airbus 330 carrying 168 passengers hit a building after landing in Congo’s capital, but no one was hurt, an aviation official said Thursday. Air France Airbus 330 hits a building in Brazzaville after landing; no one is hurtBRAZZAVILLE, Republic of Congo — A transport official says an Air France Airbus 330 hit a building after landing in the capital of Congo but no one was hurt. French ship scans Atlantic seafloor in hunt for Air France Flight 447’s black boxesPARIS — A French oceanographic survey ship has begun scanning the Atlantic Ocean floor, a new phase in the hunt for Air France Flight 447’s black boxes now that they are no longer emitting signals, investigators said Thursday. French police warn French, foreign drivers against speeding after deadly month of JunePARIS — Drivers beware! As millions of French people get ready to hit the roads on the busiest weekend for summer vacation departures, police are warning them to go easy on the gas after a very deadly month of June. 14 soldiers killed in Algeria terrorist attack: ReportPARIS/ALGIERS - At least 14 Algerian soldiers were killed when a group of Islamic extremists attacked a military convoy in northern Algeria, the daily El Watan reported Thursday. NYSE Euronext makes loss in second quarter as merger expenses weigh on earningsPARIS — NYSE Euronext, the trans-Atlantic stock exchange operator, said Thursday it made a loss in the second quarter as it took a contract termination charge connected to the launch of its London-based derivatives clearing platform. Renault posts H1 loss of euro2.71 billion ($3.82 billion); sees decline in auto sales easingPARIS — Renault said Thursday that it made a net loss of euro2.71 billion ($3.82 billion) in the first half after the French carmaker aggressively cut production to boost cash flow, missing out on some of the demand created by government incentives. Electricite de France SA reports small increase in net profit to $4.37 billionPARIS — Electricite de France SA reported Thursday a tiny increase in net profit in the first half, due mainly to an improvement in its international operations, but warned that full-year earnings would not grow as it focuses on investments and reducing debt. France Telecom first half profit falls 4.3 percent and company sees lower business in H1PARIS — Telecommunications company France Telecom said Thursday that first half net profit fell 4.3 percent as the economic crisis caused customers cut back on phone calls and data transfers — and warned that conditions will get tougher in the second half. Sanofi-Aventis to buy out partner Merck from Merial joint venture for $4 billion in cashPARIS — Pharmaceuticals company Sanofi-Aventis SA said Thursday it has agreed to pay $4 billion in cash to U.S. drugmaker Merck & Co. Inc. for its share in the two companies’ animal health joint venture Merial. Renault posts first half loss of euro2.71 billion: decline in auto sales less steep in Q2 than Q1PARIS — Renault said Thursday that it made a net loss of euro2.71 billion ($3.82 billion) in the first half, but noted that the “free fall” in auto sales worldwide decelerated in the second quarter. Alcatel-Lucent makes first quarterly profit since merger thanks to gains on asset salesPARIS — Alcatel-Lucent surprised its investors Thursday by posting its first profit since the company’s creation in a trans-Atlantic merger in 2006, as gains on asset sales helped the telecommunications equipment maker’s bottom line. Peugeot Citroen reports 1H net loss of euro962 million, but shares rise on strong cash flowPARIS — Automaker PSA Peugeot Citroen on Wednesday posted a €962 million ($1.37 billion) net loss in the first half as the global economic crisis ravaged car sales, but shares jumped as investors were surprised by the company’s strong cash flow. European stocks trim gains as US opens down after soft industrial dataLONDON — European stock markets gave up early gains Wednesday, as Wall Street opened lower on weak industrial data. |
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