The Local France

France raises €451m by selling stake in Airbus

Thu, 16 Jan 2014 10:13:00 +0100

France sold €451 million Airbus Group stock, but is still holding about an 11 percent stake in the aircraft and defence corporation. But what prompted the sell off?

Airbus-maker EADS set to cut 1,000 French jobs

Mon, 09 Dec 2013 18:44:00 +0100

Some 1,000 jobs are set to be lost in France, after European aerospace giant and the maker of Airbus aircraft, EADS announced on Monday that it would be cutting some 5,800 European posts from its defence and space division.

Defence fusion flop 'won't harm German ties'

Fri, 12 Oct 2012 14:25:00 +0200

The collapse of the $45-billion defence merger between EADS and BAE Systems, widely blamed on German resistance, will not harm ties between Paris and Berlin, Germany's economy minister said Thursday.

EADS boss surprised by German reaction to talks

Thu, 11 Oct 2012 12:29:00 +0200

Tom Enders, the chief executive of aerospace group EADS, said Wednesday he was taken by surprise at the level of German opposition to the proposed blockbuster merger with BAE Systems.

Germany scuppers EADS-BAE merger

Wed, 10 Oct 2012 16:18:00 +0200

Germany feared being left on the sidelines of any tie-up between European aerospace giant EADS and British arms maker BAE Systems, analysts say, after Berlin was blamed for blocking the deal.

Talks tank over BAE and EADS merger

Fri, 05 Oct 2012 17:50:00 +0200

Talks to merge aerospace group EADS and defence contractor BAE Systems are deadlocked, sources close to the talks said on Friday, with the governments of France, Germany and Britain at odds over the outcome.

US plans could sink huge arms merger

Thu, 04 Oct 2012 19:07:00 +0200

The European aerospace groups EADS and BAE Systems are exploring a tie-up that would create a global giant, but rivals in the United States might try to scupper the deal.

Big shareholder grounds EADS and BAE merger

Mon, 01 Oct 2012 18:55:00 +0200

A key player in European defence group EADS objected on Monday to its tie up with BAE Systems, saying that the terms of the effort to create the world's biggest aerospace group should be re-drawn.

UK MPs to probe aerospace merger

Mon, 24 Sep 2012 18:54:00 +0200

A group of British deputies tasked with scrutinising defence policy announced on Monday an inquiry into the possible merger of BAE Systems with EADS.

Moscovici: Arms firm merger will need scrutiny

Mon, 17 Sep 2012 19:49:00 +0200

French finance minister Pierre Moscovici said Monday that the merger of British arms maker BAE Systems and European aerospace giant EADS must be "examined thoroughly" in a process that "will take time".

EADS and BAE aim to create aerospace giant

Thu, 13 Sep 2012 11:53:36 +0200

British arms manufacturer BAE Systems and European planemaker EADS revealed Wednesday they are in merger talks to create a global aerospace and defence leader that would better rival US giant Boeing.

Lagardere: sexy video was 'ridiculous'

Wed, 07 Sep 2011 12:29:00 +0200

One of France's most important businessmen has admitted his regret about a video in which he cozied up to his 20-year-old girlfriend.

Wine growers call in help from satellites

Mon, 29 Aug 2011 11:41:00 +0200

As grape-picking season gets started in some areas for this year's wine harvest, more French wine-growers are using satellite technology to improve the quality and profitability of their wine.

EADS profits nosedive for first half of 2011

Fri, 29 Jul 2011 11:56:00 +0200

European defence group EADS saw its profits tumble 41 percent in the first half of 2011 to 109 million euros ($156 million) but maintained its positive outlook on surging orders, it said Friday.

New plane promises New York in 90 minutes

Mon, 20 Jun 2011 11:54:00 +0200

Plans for a new hypersonic jet that flies at four times the speed of sound will be unveiled in Paris on Monday.