Word: lagarde
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...promise has been at least 15 years in the making. Carpentier, having invented bio-engineered heart valves three decades ago, sought next to create the ultimate artificial heart. His efforts got a major boost in 1993 when the late French media and aerospace magnate Jean-Luc Lagardère and his Matra aviation group - which was later folded into EADS - offered materials and financial and technical support. Carpentier announced the final step of that collaboration last month, along with the prosthetic heart: the launch of Carmat, a new $9.2 million firm that will build and eventually market the heart. Carmat...
...Among the most surprising executives Le Figaro cites as targeted by the AMF inquiry is Arnaud Lagardère, a former EADS co-chairman whose defense and press group still owns 7.5% of EADS. Lagardère - who has not only denied any wrongdoing, but has threatened litigation to address damage done to his reputation by the reports - is also a personal friend of French President Nicolas Sarkozy, who once famously called the businessman "my brother." In addition to Lagardère, three other former co-chairmen and co-chief executives have been named in media reports as inquiry suspects...
...mass layoffs of blue-collar workers, but for administrative streamlining. His reassurances didn't stop calls in Germany for the government to take a big stake in EADS to counterbalance the 15% owned by the French state. (The two other big owners are Germany's DaimlerChrysler and France's Lagardère group, both of which reduced their shareholdings this year; Britain's BAE is currently selling its 20% stake in Airbus to EADS.) Giovanni Federico, a professor at the European University Institute in Florence, Italy, says, "Because of the politics, Airbus certainly won't be able to carry...
...ration, the feisty left-leaning tabloid daily, was getting the eye from Edouard de Rothschild, scion of the banking family. The real acid test will come, however, with Le Monde, which is seeking €50 million in new investment and is in talks with defense and media conglomerate Lagardère, as well as Madrid's daily El País. If it gets the new funds, Le Monde will have to pay for layoff packages for about 90 employees, work down its debt, and most importantly figure out a new direction. Colombani's aides say he wants to return...
...INDICATORS Lining Up The Soldiers Aircraftmaker Groupe Dassault will boost its stake in Socpresse, owner of periodicals such as Le Figaro, from 30% to 80%. The move strengthens ties between the French media and defense industry; Lagardère, owner of magazine powerhouse Hachette, has a 15% stake in defense concern EADS...
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