Advertisements



UBS sets aside 450 million euros for French tax case

Switzerland's biggest bank, UBS, on Friday reported a nearly $400 million boost to its litigation provisions after a French court slapped it with a 4.5 billion euro ($5.09 billion) penalty last month......»»

Category: topSource: reutersMar 15th, 2019

Renault to bring case against Ghosn over expenses

French carmaker Renault is to bring a case against former chief executive Carlos Ghosn after identifying 11 million euros of questionable expenses, the government said Wednesday, in a new blow for the fallen tycoon as he awaits trial in Japan......»»

Category: topSource: moneycentralJun 5th, 2019

Dow Jones Newswires: Remy Cointreau posts higher profit, but sees only slight organic growth ahead

The French drink maker made a profit of 90.5 million euros ($99.4 million) for the six months ended Sept. 30, up from EUR87.5 million the year before, on sales that fell 0.6% to EUR523.9 million......»»

Category: topSource: marketwatchNov 28th, 2019

Former AIG executive wins case over $9 million crisis-era bonus

A former American International Group senior trader won his bid for 8.3 million euros ($9.2 million) in bonuses awarded in a dispute at France’s highest court that dates back to the financial crisis... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkNov 8th, 2019

Dow Jones Newswires: Alstom sales rise, but order intake and profit fall

The French train maker’s net profit from continued operations for the period from April to September was 213 million euros ($236.5 million), compared with EUR318 million year-earlier......»»

Category: topSource: marketwatchNov 6th, 2019

Car parts maker Valeo says sales up but warns of GM strike impact

French car parts supplier Valeo cautioned on Thursday that the General Motors strike was currently costing it around 160 million euros ($178 million) in sales and around 50 million euros in operating margin terms......»»

Category: topSource: reutersOct 24th, 2019

Portugal sets aside 150 million euros to offer credit to firms hit by Thomas Cook collapse

The Portuguese government has earmarked 150 million euros ($164 million) worth of credit to help local companies affected by the collapse of British travel firm Thomas Cook, the cabinet said on Friday......»»

Category: topSource: reutersSep 27th, 2019

Luxury group Kering launches bonds that can be changed for Puma shares

French luxury goods group Kering said it was launching an offer of bonds that could be exchanged for shares in Puma , in which Kering already holds a 15.7% equity stake, to the tune of 500 million euros ($549.8 million)......»»

Category: topSource: reutersSep 25th, 2019

Google to pay 465 million euros in additional taxes in France, boosting settlement to 1 billion

Google said on Thursday it agreed to pay 465 million euros in additional taxes to French authorities, boosting the total settlement to end a fiscal fraud probe in the country to nearly 1 billion......»»

Category: topSource: reutersSep 12th, 2019

TechnipFMC resolves U.S. and Brazil probes, hopes to settle French case

Oil services company TechnipFMC said it would pay $301.3 million to resolve anti-corruption probes with Brazilian and U.S. authorities, and added it was committed to resolving another probe on its affairs with French authorities......»»

Category: topSource: reutersJun 26th, 2019

Shell fined for explosions, gas leak at Dutch chemical plant

A Dutch court has fined oil giant Shell 2.5 million euros ($2.8 million) for breaching Dutch labor and environmental laws in a case linked to two explosions and a gas leak at a chemical plant south of Rotterdam......»»

Category: topSource: foxnewsJun 17th, 2019

German prosecutors bring charges in tax loophole case

German prosecutors have charged two British citizens with participating in tax evasion allegedly involving 440 million euros ($495 million)......»»

Category: topSource: foxnewsJun 17th, 2019

Renault"s board triggers process to recover Ghosn"s suspect expenses

Renault's board triggered on Tuesday a process to recover 11 million euros ($12.4 million) in Carlos Ghosn's suspect expenses when he chaired the alliance between the French carmaker and its Japanese counterpart Nissan......»»

Category: topSource: reutersJun 4th, 2019

Ubisoft"s fourth quarter misses company"s expectations

French video game producer Ubisoft on Wednesday reported fourth-quarter net bookings of 676.7 million euros, below company's expectations of approximately 698.0 million euros......»»

Category: topSource: reutersMay 15th, 2019

IKEA to invest 400 million euros in French city center stores over three years

IKEA plans to invest 400 million euros ($448 million)in France over the next three years as it builds up its new city center stores in the country, IKEA France's chief executive Walter Kadnar said on Monday......»»

Category: topSource: reutersMay 6th, 2019

Gucci owner Kering close to settling Italian tax case for 1.3-1.4 billion euros: sources

French luxury group Kering is close to agreeing to pay between 1.3 billion and 1.4 billion euros ($1.5-1.6 billion) to settle a dispute with Italian authorities over unpaid taxes by its fashion brand Gucci, three sources told Reuters on Thursday......»»

Category: topSource: reutersApr 25th, 2019

Gucci owner Kering close to settling Italian tax case for 1.3 to 1.4 billion euros: sources

French luxury group Kering is close to agreeing to pay between 1.3 billion and 1.4 billion euros ($1.5-1.6 billion) to settle a dispute with Italian authorities over unpaid taxes by its fashion brand Gucci, three sources told Reuters on Thursday......»»

Category: topSource: reutersApr 25th, 2019

French retailer Casino sells assets to Apollo Global

French retailer Casino said on Monday it agreed to sell a portfolio of 12 Casino hypermarkets and 20 supermarkets to U.S. asset management firm Apollo Global Management in a deal worth up to 470 million euros ($529.03 million)......»»

Category: topSource: reutersApr 22nd, 2019

French billionaire Bernard Arnault and his group LVMH pledge 200 million euros for Notre Dame"s reconstruction

French billionaire Bernard Arnault and his group LVMH pledge 200 million euros for Notre Dame's reconstruction......»»

Category: topSource: foxnewsApr 16th, 2019

Airbus CEO"s exit package excessive: French minister

A retirement pot of almost 40 million euros ($44.78 million) for outgoing Airbus Chief Executive Officer Tom Enders is excessive and may harm the company's image, France's finance minister said in remarks published on Tuesday......»»

Category: topSource: reutersApr 2nd, 2019

Oil major Total CEO"s compensation drops 17 percent in 2018: company document

The board of French oil and gas major Total has proposed total 2018 compensation for Chief Executive Patrick Pouyanne of 3.1 million euros ($3.55 million), compared with 3.8 million in 2017, company documents showed on Wednesday......»»

Category: topSource: reutersMar 20th, 2019