Senior Staff Photographer/Editor, Toronto, Ontario
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Feb 11, 2014

Lagardere raises profit forecast for 2013

PARIS (Reuters) – French media group Lagardere (LAGA.PA: Quote, Profile, Research, Stock Buzz) reported weaker than expected sales on Tuesday but said profits were higher than previously predicted, citing improving trends in the book publishing and travel retailing business at the end of the year.

Chief Executive Arnaud Lagardere also reaffirmed the group’s intention to return to shareholders some of the 1 billion euros ($1.4 billion) it got from the sale to Vivendi (VIV.PA: Quote, Profile, Research, Stock Buzz) of Lagardere’s 20 percent stake in pay-TV business Canal+ France.

Feb 7, 2014

BPCE supervisory board backs CEO Perol over probe

PARIS, Feb 7 (Reuters) – The supervisory board of French
bank BPCE has backed CEO Francois Perol as he prepares to face
an investigation into whether his 2009 appointment represented a
conflict of interest because of his previous work as a
government adviser.

The board of France’s second-biggest retail lender on Friday
pledged its unanimous support to the former aide to ex-French
President Nicolas Sarkozy, who faced questions from an
investigating magistrate on Thursday and was subsequently placed
under judicial investigation.

Feb 6, 2014

Loss-making Alcatel shows glimmers of hope

PARIS (Reuters) – Telecoms equipment maker Alcatel-Lucent saw the initial fruits of cost-cutting, a tweaked product offering, and asset sales under new chief executive Michel Combes in 2013, but still posted a large net loss for the year.

The firm, which competes with Sweden’s Ericsson, China’s Huawei, and Nokia’s NSN unit, posted flat fourth-quarter revenue at 3.93 billion euros ($5.32 billion), missing analysts’ expectations. But its gross margin of 34 percent and operating profit of 307 million euros were both better than expected.

Feb 3, 2014

SFR and Bouygues see network sharing savings by 2017-18

PARIS, Feb 3 (Reuters) – French telecom operators Vivendi
and Bouygues Telecom expect to reap 300
million euros ($405 million) a year in cost savings by 2017-2018
from a project to share a mobile network outside urban areas,
they said on Monday.

Europe’s telecom operators have turned to network sharing as
a way to cope with intense price competition driving down profit
margins in major markets. In Britain, Telefonica and
Vodafone have agreed to share 18,500 mobile towers,
while Orange and Deutsche Telekom have
similar accords in Poland and elsewhere in Eastern Europe.

Jan 28, 2014

European chipmaker STMicro expects return to profit in 2014

PARIS, Jan 28 (Reuters) – European chipmaker
STMicroelectronics forecast a return to profit in 2014
after suffering two years of losses, hit by a decline in orders
from phone maker Nokia.

The Franco-Italian company, whose chips are used in cars,
computers and mobile phones, posted a ninth straight quarterly
loss but said it expects this year to outperform market growth
forecasts, currently around 4.2 percent.

Jan 20, 2014

Ribery and Benzema trial begins

PARIS (Reuters) – The trial of French soccer internationals Franck Ribery and Karim Benzema on charges of soliciting an underage prostitute started on Monday.

Real Madrid striker Benzema and Bayern Munich forward Ribery, who are not attending the four-day trial, are being tried on charges of paying Zahia Dehar, a prostitute-turned-fashion model, for sex in 2008 and 2009, when she was aged 16 and 17.

Jan 20, 2014

Soccer-Ribery and Benzema trial begins

PARIS, Jan 20 (Reuters) – The trial of French soccer internationals Franck Ribery and Karim Benzema on charges of soliciting an underage prostitute started on Monday.

Real Madrid striker Benzema and Bayern Munich forward Ribery, who are not attending the four-day trial, are being tried on charges of paying Zahia Dehar, a prostitute-turned-fashion model, for sex in 2008 and 2009, when she was aged 16 and 17.

Jan 8, 2014

French ad agency Havas names Yannick Bollore as new CEO

PARIS, Jan 8 (Reuters) – France’s Havas said
Yannick Bollore, the 33-year-old son of top shareholder Vincent
Bollore, would take over as chief executive of the world’s
sixth-biggest advertising agency.

In a surprise announcement, the company also said current
CEO David Jones would leave the company to become co-founder and
CEO of a new technology startup company.

Dec 23, 2013

French court annuls Bollore-Canal+ deal on TV channel

PARIS, Dec 23 (Reuters) – France’s highest administrative
court overturned the regulatory approval of the sale of
Bollore’s Direct 8 TV channel to Vivendi-owned Canal+
, citing a procedural flaw and antitrust grounds.

French regulators will now have until July 1 to reexamine
the transaction and come up with fresh conditions to safeguard
competition, the Council of State said in a statement on Monday.

Dec 13, 2013

France should allow headscarves, Arabic in schools: report to PM

PARIS (Reuters) – France should reverse decades of strict secularism to integrate its immigrant population better, allowing Muslims to wear headscarves in schools and promoting Arabic teaching, according to an iconoclastic report commissioned by the prime minister.

The document, part of a government review of integration policy, sparked an outcry among conservative opposition politicians and unease among the governing Socialists.

    • About Hyungwon

      "As a photojournalist for more than a quarter of century, Hyungwon Kang has been a witness to history. Kang has worked for Reuters, The Associated Press, Los Angeles Times and TIME Magazine. During his tenure in journalism, Kang has served as a Photographer, Photo Editor, Front Page Photo Editor, Photo Assignment Editor, and as a Manager of Photo Department. Currently, Kang works as Senior Picture Editor at Reuters Pictures North America Desk. Duties include assigning and editing of news, sports and feature coverage of the U.S. and Canada as well as participating in news coverage as needed."
      Joined Reuters:
      2001
      Languages:
      English, Korean, Spanish, Mandarin Chinese
      Awards:
      Pulitzer, 1993
      Pulitzer, 1999
    • More from Hyungwon

      Publications:
      "From the Streets to the Olympics, (Korea, Democracy and the 24th Olympiad, 1987-88)
      Art Space publications, 1989"
    • Contact Hyungwon

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