France
European Stocks Rise as Dubai Concern Eases; RBS, Volkswagen Lead Rebound European stocks advanced, rebounding
from the biggest drop in seven months for the Dow Jones Stoxx
600 Index, as concern over Dubai’s attempt to delay its debt
payments abated.
Vivendi Should Seize Moment to Sell 20% NBC Stake, Its Biggest Union Says Vivendi SA should seize the moment
to sell its 20 percent stake in entertainment unit NBC
Universal and bolster its strategy of expanding in emerging
markets, the French company’s biggest union said.
CAC 40 Index Gains, Paced by BNP Paribas, Credit Agricole; LDLC Declines France’s CAC 40 Index gained 42.22,
or 1.2 percent, to 3,721.45 in Paris. The gauge fell 0.2 percent
this week. The SBF 120 Index also rose 1.2 percent today.
AvtoVAZ to Get $1.7 Billion From Russia in Technology Accord With Renault Russia pledged to inject 50 billion
rubles ($1.7 billion) into OAO AvtoVAZ in return for technology
from 25 percent shareholder Renault SA.
European Economic Confidence Climbs to Highest Level Since Lehman Collapse European confidence in the economic
outlook improved in November to the highest since the collapse
of Lehman Brothers Holdings Inc., suggesting the recovery in the
16-nation euro region is gathering strength.
France Telecom Setting Aside $1 Billion to Let Senior Staff Work Part-Time France Telecom SA, Europe’s third-
largest phone company, is setting aside 700 million euros ($1
billion) to put in place measures allowing “senior” employees
to work part time.
Almunia Named as EU's Competition Commissioner, Barnier to Oversee Finance European Economic and Monetary
Affairs Commissioner Joaquin Almunia, a Spanish Socialist known
for tackling countries’ deficits, will be antitrust chief in
the next European Commission, succeeding Neelie Kroes.
French Consumer Confidence Increased for Fourth Month, Beating Forecasts French consumer confidence rose for
a fourth month in November, beating economists’ forecasts, as
concerns about jobs waned and households showed more willingness
to make major purchases.
Abu Dhabi Commercial Bank Is Said to Be Owed $1.9 Billion by Dubai World Abu Dhabi Commercial Bank PJSC may be
owed $1.9 billion by Dubai World, making it the largest creditor
outside the emirate to the state company seeking to reschedule
debt, said two people familiar with the companies.
Sarkozy Wins Bid to Install Ally as Europe's Financial-Services Chief French President Nicolas Sarkozy won
his bid to install an ally as the European Commission’s next
financial-services regulator, fueling British concern that
traders and hedge funds will face stricter rules.
Paris Museum Strike May Spread as Unions Object to Planned Job Reduction Unions representing French museum
workers are threatening to extend and widen a strike that has
kept Paris’s Pompidou Center of modern art shut all week.
Putin Hails Economic `Breakthrough' With France After Energy, Auto Deals Prime Minister Vladimir Putin hailed
a “breakthrough” in relations with France as he secured a 300
million-euro ($447 million) investment from Renault SA to rescue
the ailing Russian auto industry and welcomed Electricite de
France SA into a pipeline project to Europe.
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