Word: financialization
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"Every time we send a man out, we consider it an expedition, a real trip into the desert. We always go fully equipped, taking our own water and supplies, as it were." So says Marc Alexandre, 37, managing director of the Union Internationale d' Analyse Economique et Financiè...
IN FRANCE, Thomson-Houston took over Hotchkiss-Brandt to form the country's largest appliance producer, and the steelmaking Pont-à-Mousson merged with the Compagnie Financière de Suez (TIME, Jan. 28). Image et Son, a French radio-TV firm owning peripheral stations that broadcast into France...
Last week two big French organizations took just the sort of merger step that De Gaulle has been advocating. Pont-à-Mousson, France's second biggest private industrial company, with estimated 1965 sales of $1 billion, and the Compagnie Financière de Suez, one of the Continent'...
Tourists driving through Eastern Canada this summer will spot new blue-and-white service stations at many a crossroad and street corner. They are the gas and oil outlets of Canadian Petrofina, an aggressive subsidiary of La Compagnie Financière Beige des Pétroles, which broke into the...
The biggest individual fortune yet made in Alberta oil grew bigger last week. Eric Lafferty Harvie, 63, a Calgary lawyer whose oil earnings to date are estimated at more than $120 million, sold control of his Western Leaseholds Ltd. for an undisclosed price. The buyer was Compagnie Financière...