French government cuts stake in Airbus

PARIS — The French state has cut its stake in Airbus parent company EADS to 12 percent after the latest sale of shares, the second this month.

France’s finance ministry said Friday that it raised $925 million through the sale of 17.6 million EADS N.V. shares on Thursday. Together with the 12 million shares it sold April 16, the government has raised 1.19 billion euros selling EADS shares this month.

The share sales were announced in December as part of a deal to bring the French and German governments’ stakes to 12 percent each, while Spain would hold about 4 percent. Meanwhile, private sector investors Daimler AG of Germany and France’s Lagardere SCA have sold their own stakes.

More in Herald Business Journal

Snohomish inventor makes changing beds magical

He hopes to make his big push in the hotel industry, where injuries to housekeepers are increasing.

Boeing planes designed for Alaska to make final flights

The special Boeing 737-400s carry cargo in the middle of the plane and 72 passengers in the rear.

Boeing creates a Renton office to oversee its new airplane

Experts expect the company to make a formal 797 launch decision no later than next year.

Equifax dumps its CEO after the damaging data breach

Many applauded Equifax’s handling of the problem, but management was under fire for lax security.

Job fair planned for Tulalip community members

Tulalip Tribes Employment is holding an employment clinic from 9 to 11:30… Continue reading

New memory care community opens in Mukilteo

Health care insurance is the next topic on KSER’s monthly personal finance… Continue reading

Marysville Tulalip chamber plans to host candidates forum

The next Greater Marysville Tulalip Chamber of Commerce Business Before Hours event… Continue reading

New memory care community opens in Mukilteo

Mukilteo Memory Care celebrated its grand opening earlier this month. The state-of-the-art… Continue reading

Monroe’s Canyon Creek Cabinet names new exec VP

Mark Kovich has joined Monroe-headquartered Canyon Creek Cabinet Company as the executive… Continue reading

Most Read