Posts Tagged ‘corporation’

Safran pushes his pawns in China

February 4, 2010 - 5:32 am Comments Off

Good news for Safran. Its subsidiary, Turbomeca has been chosen by Beijing to power the Chinese version of the new civilian EC175 helicopter jointly developed with Eurocopter, said its CEO Lutz Bertling. So far, the new helicopter is equipped with American engines Pratt & Whintney, and double engine choices are few things on the helicopters.

According to Voices, the American engine could not get the green light by U.S. authorities for exportrer in China some of its technologies.

This agreement confirms the thrust of Saffron to China. Last month, the group associated with GE in CFM International, has been chosen to equip the C 919 Chinese, the future Chinese medium-haul aircraft, a rival of Airbus A320 and Boieng B737.

Minutes: Vivendi convicted

January 30, 2010 - 12:05 am Comments Off

He took his time. But the New York jury delivered its verdict on Friday evening the group of telecommunications and media company Vivendi sued by shareholders ruined by its near-collapse in 2002, was convicted of misleading communication. Its CEO at the time, Jean-Marie Messier, has instead been milled.

As expected, Vivendi's lawyer Paul Saunders immediately announced he would appeal, and that he intended to "win". "We are satisfied that the damage is half of what the plaintiffs claimed this side there is a partial victory," said the lawyer. The plaintiff had estimated that damages could rise to 11.5 billion dollars.

Messier absent when the verdict

Jean-Marie Messier and Guillaume Hannezo, its chief financial officer, were absent when the verdict.They have yet to appear in magistrate in Paris in the spring, with five other executives of Vivendi, including responding to charges of disseminating false or misleading information, price manipulation and abuse of social goods, which they could worth up to 5 years in prison and heavy fines, business cards .

After three months of trial, the nine board members of the Federal Court had to decide on 57 points very technical. After answering a series of questions establishing the guilt of the accused or not, they have, for each trading day occurring between October 2000 and August 2002, "determine the amount of inflation being caused by the fraud alleged" .

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The departures continue at the head of easyJet

December 10, 2009 - 7:20 am Comments Off

The carnage continues at the head of easyJet. After the departure of its chairman Colin Chandler and his CFO Jeff Carr, the British low-cost announcement Wednesday in a statement the departure of its CEO Andy Harrison June 30, 2010. It is seeking "new challenges". He especially wants to leave a vessel marked by the power struggle within the board. Andy Harrison had promised to stay at least until late May to offset the departures of other leaders.

In the aftermath, the leadership announced the departure of its interim President David Michels on 1 January. At that time, it will be replaced by Michael Rake, BT's current president and former chairman of KPMG.David Michels, who is temporarily acting in the position since the departure last April by Colin Chandler, will resume his post as first independent director.

The upheaval at the head of EasyJet explained by conflicts between the team leader and founder Stelios Haji-Iannou, holder of 38% of the carrier. While the former wish to pursue a growth strategy of the fleet, Stelios Haji-Iannou said it would be unwise to embark on this adventure in a recession.

These two new departures lead to renewal of any team in the space of one year. Five of the eight leaders are gone. In his statement to the London Stock Exchange, easyJet hopes that "these appointments will ensure continued strong leadership." In markets, the news is unwelcome. By late morning, the title loses 1.96% to 4.08 euros.