France
Alstom May Partner With SNCF for Florida High-Speed Railroad Contract Bid Alstom SA, supplier of France’s TGV,
may partner with Societe Nationale des Chemins de Fer Francais
to bid on a railroad in Florida as U.S. President Barack Obama
backs investment in high-speed trains.
PSA Peugeot Citroen Considering Simplifying Company's Official Name to PSA PSA Peugeot Citroen, Europe’s
second-largest carmaker, may shorten its name to PSA as the
manufacturer tightens coordination between its two brands.
French Stocks Fall, Led by Alcatel-Lucent, Credit Agricole; LVMH Advances France’s CAC 40 Index dropped
19.71, or 0.5 percent, to 3,938.18 in Paris, a second retreat
this week. The SBF 120 Index lost 0.4 percent.
Papandreou Races Against Time to Cut Borrowing Costs as EU Splits on Aid Greek Prime Minister George
Papandreou is racing to secure an explicit pledge of European
aid and cut his country’s borrowing costs as 20 billion euros
($27 billion) of debt comes due in the next two months.
`Regulatory Bomb' for Bankers Prompts Societe Generale to Calm Investors Societe Generale SA, France’s
second-largest bank by market value, is telling investors that
regulators are likely to soften new rules for lenders as
governments seek to avoid stifling the economic recovery.
4Energy, Belvedere, Fortis, Iberdrola, Iberpapel: European Equity Preview The following companies’ shares may
be active in European trading. Stock symbols are in parentheses
and share prices are from the last close.
Power Law to Force EDF to Sell to Rivals Will Go Before Parliament May 26 A long-planned French power law
that would force Electricite de France SA to sell output to
rivals is scheduled to reach parliament earlier than expected, a
deputy said today.
Euro Optimism Coming to `Abrupt Halt' as Greece Strife Worsens, BNP Says The euro’s rebound versus the
dollar is over as Germany becomes more reluctant to fund a
bailout of Greece, according to analysts at BNP Paribas SA.
Zapatero's Campaign to Avoid Greek Deficit Fate Hobbled by Spanish Regions Prime Minister Jose Luis Rodriguez
Zapatero’s drive to show Spain can avoid Greece’s fate is being
held hostage by the country’s regional governments.
Deutsche's Ackermann Says Greece Must Be Rescued to Avoid Spreading `Fire' Deutsche Bank AG Chief Executive
Officer Josef Ackermann said Greece must be rescued to keep the
“fire” from spreading to other countries and inflicting losses
on German banks.
Suicide of France Telecom Employee Investigated as Possible Manslaughter France Telecom SA is being
investigated for “reckless manslaughter” after preliminary
inquiries found there may be links between an employee’s
suicide and his work environment, prosecutors said.
Sarkozy Vows to Take Action Against ETA in Homage to Shot Policeman President Nicolas Sarkozy said he
won’t allow Basque separatists to operate from France as he paid
homage to a policeman shot dead two days ago.
Latvia Coalition Walk-Out May Prompt `Ineffective' Government, Danske Says Latvia faces a period of
“ineffective” government that may send investors away, Danske
Bank A/S said, after a coalition split pitched Prime Minister
Valdis Dombrovskis’s administration in a minority.
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