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

Coronavirus update: Global cases of COVID-19 edge closer to 14 million as U.S. sets record case tally, Brazil tops 2 million

The n.....»»

Category: topSource: marketwatchJul 17th, 2020

Coronavirus tally: Global cases of COVID-19 13.8 million, 590,401 deaths as U.S.sets global case record

The global tally for confirmed cases of the coronavirus that causes COVID-19 climbed to 13.8 million on Friday, according to data aggregated by Johns Hopkins University.....»»

Category: topSource: marketwatchJul 17th, 2020

France nears 1-billion-euro crisis fund for aero suppliers: sources

French government and industry officials are negotiating a 1-billion-euro, privately led investment fund for small aerospace suppliers in which major manufacturers could invest 200 million euros, people familiar with the proposals said on Wednesday......»»

Category: topSource: reutersJun 3rd, 2020

Deutsche Bank sets aside $280M to deal with the impact of coronavirus

The German lender set aside 260 million euros ($282 million) to deal with potential loan losses as a result of the coronavirus crisis, as the bank as it reported its first-quarter results in full......»»

Category: topSource: moneycentralApr 29th, 2020

Pernod Ricard sales hit by coronavirus, share buyback halted

French spirits maker Pernod Ricard said on Thursday it was suspending a share buyback of up to 500 million euros ($541 million) and keeping a tight grip on costs in response to the coronavirus epidemic that cut third-quarter sales by 14.5%......»»

Category: topSource: reutersApr 23rd, 2020

France"s ADP loses 3 million euros a day in sales due to coronavirus - CEO

French airports operator ADP is losing more than 3 million euros ($3.25 million) in sales a day due to the coronavirus crisis, Chief Executive Augustin de Romanet said on Tuesday......»»

Category: topSource: reutersApr 7th, 2020

French authorities fine Tech Data $83.5 million in Apple distribution case

Tampa Bay's largest public company has been fined over $80 million in a French antitrust case with ties to Apple. Clearwater-based Tech Data (NASDAQ: TECD) has been sanctioned $83.5 million, after allegedly agreeing to a non compete clause with .....»»

Category: topSource: bizjournalsMar 17th, 2020

New Renault CEO de Meo will be much better paid than predecessor

French carmaker Renault will grant its new chief executive, Luca de Meo, a pay package of around 5.8 million euros ($6.33 million), which is an increase of nearly 57 percent of what his predecessor was awarded last year......»»

Category: topSource: reutersFeb 10th, 2020

ING ordered to pay 30 million euros to settle Italy money-laundering probe: source

A Milan court ordered Dutch lender ING to pay 30 million euros ($33.17 million) to settle a money-laundering case in Italy, a judicial source said on Tuesday......»»

Category: topSource: reutersFeb 4th, 2020

Airbus to settle with investigators over fraud, bribery case

Airbus did not disclose details of how much it could pay to settle the cases, but it could reach billions of euros.Airbus nears settlements with US, UK, French investigators.....»»

Category: topSource: foxnewsJan 28th, 2020

Dow Jones Newswires: Remy Cointreau sales fall, suspends guidance ahead of new roadmap

The French spirits maker posted sales of 290.2 million euros ($321.3 million), down from EUR321.5 million a year before and significantly missing analysts’ expectations of EUR309 million, according to a consensus estimate by FactSet......»»

Category: topSource: marketwatchJan 24th, 2020

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