Societe Generale in talks on unit sale

Article Abstract:

Societe Generale SA of France is negotiating with a potential buyer of its asset-management division in the US. Jean-Marie Eveillard, head of the New York-based Societe Generale Asset Management Corp., stated that a decision could be reached within the next few days. Societe Generale's asset-management unit, which comprises four funds that target retail investors, manages a combined assets of $5.5 billion. The largest of the unit's four funds is the SocGen International Fund, which manages $4 billion in assets and had a yearly average return of 10.2% over the past five years.

Comment:

Is negotiating with a potential buyer of its asset-management division in the US

Commercial Banking, Asset sales & divestitures, Commercial banks, Societe Generale S.A., Article, Societe Generale Asset Management Corp.

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Mideast jewelers look westward

Article Abstract:

Middle Eastern jewelry designers have found that successful sales of their products in Europe and the US create a cache that boosts sales in their home markets. Western brands in the luxury goods sector are perceived as being superior.

Marketing procedures, Foreign trade, Middle East, Jewelry, Silverware, and Plated Ware, Jewelry & Silverware, Jewelry and Silverware Manufacturing, Marketing, International trade, International aspects, Company marketing practices, Jewelry industry, Brand image

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U.S. investors look to Europe as dollar drops

Article Abstract:

US investors continue to purchase European stocks despite the potential for a European recession and future stock price volatility.

Portfolio Management, Methods, Evaluation, Europe, Stocks, Investments

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