La Poste will raise 2.7 billion euros ($3.7 billion) in new capital from the French state and the Caisse des Depots et Consignations, according to a joint statement.
French state-owned companies La Poste and Caisse des Depots et Consignations will discuss today the possible takeover of Dexia SA’s French municipal-lending business, two people familiar with the matter said.
JPMorgan Chase & Co. , Bernard Madoff’s “primary banker,” was sued for $6.4 billion by the trustee liquidating the imprisoned con man’s former firm.
Deutsche Post AG should lose its bid to block 297.5 million euros ($391 million) in state aid to Belgium’s La Poste SA, an adviser to the European Union’s top court said.
France will cap the salaries chief executives officers at state-owned companies, signaling a pay cut for Electricite de France SA’s Henri Proglio.
German chipmaker Infineon Technologies AG sued smaller U.S. rival Atmel Corp. , alleging infringement of 11 patents for microcircuitry used in automotive, industrial and control-system applications.