French President Francois Hollande said the government will spend 300 million euros ($407 million) to subsidize innovative projects and boost growth in seven priority areas, including energy storage and big data.
A Paris court rejected a request by Areva SA’s former chief executive for an investigation into what prompted the world’s largest nuclear reactor builder to commission a report on the acquisition of UraMin Inc.
Anne Lauvergeon defended her record as chief executive officer of Areva SA and said the nuclear-fuel manufacturer spied on her and didn’t pay what they owed her after not renewing her contract seven months ago.
The French government is positioning Anne Lauvergeon, the former chief executive officer of nuclear- plant builder Areva SA, for a key role at European Aeronautic, Defence & Space Co.’s revamped supervisory board.
Areva SA Chief Executive Officer Anne Lauvergeon was denied a third term after the French government replaced her weeks before her contract expires, denting the career of one France’s most high-profile executives.
American Express Co., the biggest U.S. credit-card issuer by customer spending, named former International Business Machines Corp. Chief Executive Officer Samuel J. Palmisano and former Areva SA chief Anne Lauvergeon to its board.
Areva SA Chief Executive Officer Anne Lauvergeon ’s compensation jumped 16 percent last year as a bonus tied to the sale of the nuclear-services company’s power- grid unit offset a drop in variable pay tied to performance.