French stocks - Factors to watch on August 20
PARIS, Aug 20 (Reuters) - Below are leading stories from French newspaper and company-related news which could have an impact on the French market or individual stocks.
STMICRO (STM.PA)
STMicroelectronics and Ericsson announced an agreement to merge ericsson mobile platforms and ST-NRP wireless into a joint venture.
For details, see: [STM.PA-LEN-RTRS]
NATIXIS (CNAT.PA)
French investment bank Natixis said on Tuesday it would maintain its plans for a 3.7 billion euro ($5.45 billion) rights issue to fix credit crisis damage despite objections from an activist hedge fund investor.
For story click on [ID:nLJ381539]
MICHELIN (MICP.PA)
Goodyear Tire & Rubber Co (GT.N) said it would close 12 percent, or 92, of its company-owned U.S. stores and cut 600 full- and part-time jobs as the U.S. economic downturn put more pressure on the company.
BANKS
Goldman Sachs & Co slashed its earnings outlooks for five major rivals on Tuesday, citing mounting write-downs on mortgages, a slowdown in overall activity, and legal expenses. For details, see: [ID:nN19319516]
LAFARGE (LAFP.PA)
Venezuela seized foreign owned cement plants on Tuesday, a show of strength as President Hugo Chavez moves forward with a plan to make South America's top oil exporter a socialist society.
For story click on [ID:nN19341698]
DJ STOXX index.......................................STOXX Top 10 STOXX sectors............................PGL.STOXXS Top 10 STOXX sectors............................PGL.STOXXS Top 10 EUROSTOXX sectors.......................PGL.STOXXES Top 10 Eurofirst 300 sectors....................PL.FTEU3S Top 25 European pct gainers........................PG.PEUR Top 25 European pct losers.........................PL.PEUR Main stock markets: Dow Jones................DJI Wall Street report .....[.N] Nikkei 225..............N225 Tokyo report............[.T] FTSE 100................FTSE London report...........[.L] Xetra DAX..............GDAXI Frankfurt market stories[.F] CAC-40..................FCHI Paris market stories...[.PA] World Indices......................................<0#.INDEX> Reuters survey of world bourse outlook..........EQUITYPOLL1 Western European IPO diary...........................WEUIPO European Asset Allocation.........................[EUR/ASSET]
Reuters News at a Glance: Equities...............[TOP/EQE]
Main currency report:...............................[FRX/]
