Vivendi Universal&#39;s Fourtou to relinquishes operational duties
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PARIS  - The chairman of French media and entertainment giant Vivendi Universal, Jean-Rene Fourtou, is expected to relinquish operational duties at the group next April to head a newly created supervisory board, the company said.
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Consumer goods giant Unilever announces the closure of three sales and marketing offices.
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The discount retailer's forced to reorganize its flagging apparel business.
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PARIS Vivendi Universal, the entertainment and communications group, clinched a deal with the French government on Thursday that would reduce the company&#39;s tax bill by billions of euros over the next several years in exchange for a pledge to create
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VIVENDI, whose Universal Music arm is the worldâs biggest music group, has been given the go-ahead by the French government to file returns under a new tax regime that will save it roughly Â£2.
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TUI, Europe's leading travel and tourism group, has unveiled plans to axe thousands of jobs as part of a 250-million-euro (330-million-dollar) cost-cutting drive aimed at steering the group back to higher profits.
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Luc Vandevelde resigned as chairman of Carrefour SA in a shakeup that followed the disclosure that two new shareholders had acquired a nearly 10 percent stake in the world's second largest supermarket retailer.
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The company has decided to leave the public markets.
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The announcement promises to be a significant break in the entertainment industryâs troubled labor situations.
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For the first time in Must-Have Gadgets history, a product on our list has been replaced by itself.
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Travelocity takes off as its parent gets bought out.
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The Universal Music Group of Vivendi, the worldâs biggest music corporation, last week notified Apple that it will not renew its annual contract to sell music through iTunes.
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A major restructuring process has pulled this respected audio company into penny land.
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Company will exit the flat panel TV market.
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Department store giant Kardstadtquelle is to restructure at a one-off cost of 1.4bn euros and pull out of non-core businesses.
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LONDON, November 25  - Dutch electronics and semiconductor giant, Philips (PHI1.ETR), has sold its entire stake in the French media company, Vivendi Universal.
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The electronics maker will stop retailing its Linux handhelds in the United States, joining a retreat from the once-popular market.