Financial News, Economic Education, Analysis

Saffron Monday denied preparing a bid for the capital of the aerospace supplier Zodiac although it remains convinced of the value of a rapprochement.
The communication specialist aerospace engine manufacturer Snecma's parent, spoke in response to an article in financial daily La Tribune has reported in its Monday edition that a takeover bid was [...]

The Federal Reserve Chairman United States, Ben Bernanke said Friday that the economic recovery had slowed more than expected and the Fed was prepared, if necessary, to adopt additional measures to support the activity.
"The committee (monetary policy) is ready to implement further monetary easing through unconventional measures, if necessary, especially if the outlook [...]

The distributor of ready to wear women Etam Thursday reported a jump in operating profit in the first half, thanks to China, but also an increase in its debt.
The group identified the first six months of the year operating profit of 18.1 million euros, an increase of 175.7% over one year.In Europe, profit [...]

The CEO of Hewlett-Packard Co., Mark Hurd, under investigation for sexual harassment, resigned Friday, said the U.S. computer group.
Hurd, who was head of HP since 2005, will be replaced by Chief Financial Officer Cathie Lesjak, who will serve as interim executive director.
According to HP, an investigation into allegations of sexual harassment [...]

Dow Chemical reported earnings below expectations in the second quarter, an interruption of production at three plants dwarfing sales jump, all industries and all regions.
Accordingly, the action has opened down 6.8%.
The measures undertaken in these three plants to increase their operational speeds began earnings per share (EPS) of 7 cents and [...]

European values rose again Tuesday, ending a five-week high, despite the announcement of a sluggish U.S. consumer morale, but below their highest of the day, as investors continued to anticipate an improvement conditions with some macroeconomic indicators and results of large groups considered encouraging.
In Paris the CAC 40 gained 0.83% to 3666.40 points, [...]

Global growth will slow in the coming months, in the wake of China and the United States, because of austerity plans implemented in various countries, according to a Reuters poll.
However, several Asian countries, like India and South Korea, should yield better performance this year that envisioned a few months ago.
Ultimately, the [...]

Carrefour said on Wednesday he did not buy certain products in paper group in Indonesia Asia Pulp and Paper (APP), for environmental issues.
On the eve of the decision, Greenpeace accused APP, a subsidiary of Sinar Mas, of wanting to destroy the Indonesian rainforest and called distributors, including Carrefour, to stop buying its products. [...]

General Motors is expected to file his IPO in mid-August, we learned from sources close to the matter.
General Motors is also in talks with banks for a revolving credit line of five billion dollars.
Bank of America, Citigroup, JPMorgan Chase and Morgan Stanley have each agreed to provide $ 500 million loan. [...]

The British finance minister George Osborne presented an austere budget, reducing spending and raising taxes, while announcing the establishment of a tax on banks to reduce the deficit.
The Chancellor of the Exchequer said that state spending would be reduced by approximately 25% over the next five years, while the VAT will be raised [...]