Senior Staff Photographer/Editor, Toronto, Ontario
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Dec 2, 2013

EADS founders to face trial in insider case

PARIS (Reuters) – Two founding industrial shareholders of Airbus parent EADS will join a group of current and former managers on trial in a long-running insider trading case, prosecutors said on Monday, but EADS called for charges to be dismissed.

In the latest twist to a saga that has haunted EADS ever since its A380 superjumbo hit unexpected development delays in 2006, an official at the French public prosecutor’s office said French media group Lagardere and German carmaker Daimler would stand trial.

Nov 28, 2013

France’s Iliad asks to join rivals’ network sharing plan-Les Echos

PARIS, Nov 28 (Reuters) – France’s upstart mobile player
Iliad is seeking talks with larger rivals Vivendi’s SFR
and Bouygues Telecom over joining the duo’s
network sharing plan, according to a letter published online by
Les Echos newspaper.

The letter attributed to Iliad Chief Executive Maxime
Lombardini underscores how the planned network sharing between
France’s second- and third-largest operators, which aims to cut
costs in response to Iliad’s low-cost service, could reshape
competition in Europe’s fourth-biggest mobile market by clients.

Nov 18, 2013

Gunman on loose in Paris after newspaper, bank shootings

PARIS (Reuters) – Police were hunting a lone gunman on the loose in central Paris on Monday after he opened fire at the offices of a left-wing newspaper and a major bank before hijacking a car to take him to the Champs-Elysees avenue.

The shaven-haired assailant, who police said was filmed by video-surveillance cameras, fired shots at the office of Liberation daily, seriously injuring a photographer’s assistant before fleeing, police and staff at the newspaper said.

Nov 15, 2013

Iliad shares drop 4 pct as mobile phone growth slows

PARIS (Reuters) – Shares in France’s Iliad fell more than 4 percent after the low-cost telecoms operator founded by billionaire Xavier Niel reported slower growth at its mobile phone business Free.

Iliad said the number of new mobile customers fell to 640,000 in the third quarter from 720,000 in the second, suggesting that a price war with more established mobile operators is making it harder for Iliad’s Free Mobile service to lure away their customers.

Nov 14, 2013

Vivendi says SFR split plan on track for mid-2014

PARIS, Nov 14 (Reuters) – Vivendi said it was
progressing with its plan to hive off its largest business,
France’s No. 2 telecom operator SFR, and had not seen red flags
that could derail the project slated for middle of next year.

The music, pay-TV, and telecoms conglomerate also on
Thursday confirmed its annual targets for its four business
units after it posted operating profit down 23 percent to 730
million euros ($978.53 million), hurt by continued pressure on
SFR brought on by an ongoing mobile price war in France.

Oct 31, 2013

Non-French investors seek damages from Vivendi in Paris

PARIS, Oct 31 (Reuters) – Pension funds and financial
institutions from outside France have sued Vivendi in
the Paris commercial court, seeking billions of euros in damages
over its handling of a liquidity crisis under former boss
Jean-Marie Messier from 2000 to 2002.

The one-time Vivendi shareholders, who lost money when
almost 90 percent of the media-to-telecom group’s market value
was erased, are taking action in France because they have been
excluded from a United States court class action by a U.S.
Supreme Court decision, lawyers for the plaintiffs involved

Oct 24, 2013

Jet engine services boost Safran, eyes Avio Space

PARIS, Oct 24 (Reuters) – Stronger than expected sales of
engine services pushed Safran revenues up 9.7 percent
in the third quarter as the French aerospace group reaffirmed
targets for the year, while sounding a more cautious note on
currencies and cash.

The maker of the world’s most-sold civil jet engine, the
CFM56 which it co-produces with General Electric, said
suppliers were managing to keep up with production increases by
planemakers as airlines in emerging markets snap up new planes.

Oct 23, 2013

Orange’s 2014 profit hopes in limbo

PARIS, Oct 23 (Reuters) – France’s largest telecom operator,
Orange, still hopes to stabilise operating profit next
year although looming changes to European regulations on mobile
roaming fees and continued pressure in its home market could
knock it off course.

As the group posted in-line third-quarter results and
confirmed its 2013 targets, Chief Financial Officer Gervais
Pellissier said it was hard to say whether Orange would achieve
the 2014 goal given in February in an interview with Reuters.

Oct 17, 2013

Alcatel close to deal with French telco: source

PARIS (Reuters) – Alcatel-Lucent, which is cutting 10,000 jobs in an attempt to turn the company around, is close to winning a contract from a major domestic telecom operator, a source familiar with the matter said on Thursday.

The deal, involving “small cells” that improve mobile coverage, will likely be welcome news after the restructuring plans, which include 900 job cuts in France, were criticized by a government battling record levels of unemployment.

Oct 16, 2013

Publicis third-quarter sales slow, optimistic for 2014

PARIS (Reuters) – French ad group Publicis (PUBP.PA: Quote, Profile, Research, Stock Buzz), which is merging with U.S. peer Omnicom Group (OMC.N: Quote, Profile, Research, Stock Buzz), stuck to its target for higher full-year organic sales growth on Wednesday despite a slowdown in the third quarter on weaker emerging markets.

Publicis also forecast a further improvement in growth next year following the expected completion of the merger in the first quarter of 2014, underpinned by demand in the United States and expansion in digital advertising.

    • 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:
      English, Korean, Spanish, Mandarin Chinese
      Pulitzer, 1993
      Pulitzer, 1999
    • More from Hyungwon

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