Results for France
- French Courier Company In Receivership
France‘s second-biggest courier company was placed under receivership Tuesday, four days after it filed for bankruptcy, with the threatened loss of 5,200 jobs, Europe Online magazine reported. The bankruptcy of Mory Ducros is one of the biggest in Fr ...
Daily Headline - global.abi.org - 11/26/2013 - 21:21 - 0 comments
- Air France-KLM Walks Away From Alitalia Call For Rescue Cash
Top shareholder Air France-KLM refused a plea for cash on Thursday to rescue Alitalia, saying a new business plan was not enough to save the stricken Italian carrier unless its creditors also write off some of its huge debts, Reuters reported. Alitalia, ...
Daily Headline - global.abi.org - 11/14/2013 - 20:10 - 0 comments
- Air France-KLM Writes Off Alitalia Stake
Air France-KLM, the French-Dutch airline, said Thursday that it had written off the entire value of its 25 percent holding in its partner Alitalia, raising doubts that it will take part in a plan to inject 300 million euros into the struggling Italian fl ...
Daily Headline - global.abi.org - 10/31/2013 - 17:36 - 0 comments
- French Push Back on New Taxes
The French government bowed to taxpayer anger Tuesday for the second time in three days by suspending a new levy on trucks, raising new questions about President François Hollande's strategy to fix public finances primarily through higher taxes, T ...
Daily Headline - global.abi.org - 10/29/2013 - 21:06 - 0 comments
- French Luxury Chain Hediard Files For Bankruptcy
France's Hediard chain of luxury food stores has filed for bankruptcy, a source close to the case told AFP on Monday, France 24 reported. Hediard, which has shops in 30 countries from Madagascar to Vietnam, declared itself insolvent at a commercial ...
Daily Headline - global.abi.org - 10/22/2013 - 16:49 - 0 comments
- French Tax on Intraday Trading Loses Support
Despite previous calls by France’s Socialist government to rein in financial markets, the government’s firm stand against a proposal to tax intraday trading is yet another sign of its waning political will to curb speculative trading, and force the finan ...
Daily Headline - global.abi.org - 10/21/2013 - 21:03 - 0 comments
- Air France-KLM Could Aid a Struggling Alitalia
The chief executive of Air France-KLM, the largest foreign shareholder in Alitalia, said on Wednesday that he had not ruled out the possibility of participating in a fresh bailout of the struggling Italian flagship carrier as it scrambles to produce a pl ...
Daily Headline - global.abi.org - 10/02/2013 - 21:43 - 0 comments
- A Value Play: Chapter 11 Mergers and Acquisitions
Chapter 11 is known as a forum for reorganising or selling a financially distressed business. Chapter 11 allows companies to reject burden some contractual obligations, to shed non-core assets, and to “cleanup” the balance sheet by writing off unsecure ...
Resource Article - twallace@abiwor... - 09/24/2013 - 15:31 - 0 comments - 1 attachment
- French Recovery Remains Unconvincing Despite Upbeat Indicators
OECD club of rich countries recently forecast that the economy as a whole would grow by 0.3 per cent this year – against its previous projection of a 0.3 per cent contraction. The socialist government of François Hollande, French president, has targeted 0.9 per cent growth next year but is optimistic it will ...
Daily Headline - global.abi.org - 09/24/2013 - 21:36 - 0 comments
- Italy Minister Says Expects Air France To Up Role In Alitalia
Air France-KLM will strengthen its role in Italian airline Alitalia SpA, Italian transport minister Maurizio Lupi said on Monday, Reuters reported. "I expect that Air France will strongly reaffirm that Alitalia is a strategic asset for Air France, a ...
Daily Headline - global.abi.org - 09/23/2013 - 17:59 - 0 comments