Word: mousson
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...will lead Thomson-Brandt, an electronics and home appliance firm. A founder of the Socialist Party's vocal left wing, Gomez is probably the most ideological of the appointees. But his training and twelve years' experience as an executive at the newly nationalized Saint-Gobain-Pont-a-Mousson, a diversified glassmaker, give him impeccable business credentials...
...Electrical parts manufacturer Compagnie Generale d'Electricite; chemical firms Rhone-Poulenc and Pechiney Ugine Kuhlmann; conglomerate Saint-Gobain-Pont-a-Mousson; and electronics giant Thomson-CSF. To be covered in a separate bill...
...fact, the takeovers will probably push France into deeper trouble. The country's economy is already suffering from anemic growth, 7.7% unemployment and sagging investment. Nationalizing the banks-and 32 large industrial enterprises, including the Dassault airplane manufacturing company and the Saint-Gobain-Pont-à-Mousson fiber-glass maker-will almost certainly deepen the existing slump by making businessmen more wary of investing their money. Says J. Paul Horne, European economic analyst for the Smith Barney, Harris Upham & Co. investment firm: "The French private banking sector is all but gone. New private investment in France has been virtually frozen...
...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, announced it was buying 30% of the Compagnie Française de Télevision, a research organization...
Steelmaking Pont-à-Mousson has 75 factories and mines in France and 13 other countries, stands to benefit from the financial savvy and worldwide banking contacts of its new corporate relative. Suez, which operated the canal until Nasser seized it in 1956, has since become a broadly diversified investment company. Its widely invested capital (banks, insurance, industry) include the more than $80 million in indemnities paid by the Egyptians for the canal. Recently, Suez has gone in for more direct participation in manufacturing, and the tie-up with Pont-à-Mousson is the latest result. Should the two companies...