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Shares of French yogurt company, Danone, jumped on takeover rumors. This is the same company that caused national panic in France when there rumors that Pepsi was thinking of buying it. Pepsi denied the rumors but it didn’t stop Thierry Breton, the finance minister, from warning Pepsi that “this is not the Wild West.” (Pepsi is based in New York.) For good measure, Le Figaro described Pepsi as “the American Ogre.” Now, it seems that Switzerland’s Nestle might be interested in Danone. The French don’t seem so worried now.

Also, it looks like Hewlett-Packard’s French workers are ready to strike for one day. I’m not sure what that’s supposed to prove. HP is a company with lots of problems. The company is slashing thousands of jobs, and I wouldn’t be surprised to see even more job cuts.

Posted by edelfenbein at September 16, 2005 1:47 PM