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Sanofi Issues Warning Against Casual Use of Antidepressant Drug Norpramin

The US Food and Drug Administration and French drug-maker Sanofi-Aventis have jointly issued a warning against the careless and casual use of the firm's popular antidepressant Norpramin, stating that the medicine should be given under extreme caution to patients who have a family history of certain cardiovascular problems. The warning was issued on Wednesday.

6.7% Rise in Nine Months Sales Reported by EDF

Electricite de France

Electricite de France, one of the world's most prominent operators of nuclear reactors, has reported a 6.7% rise in sales for the first nine months of the current year. Despite, a surge in sales, the company has trimmed its complete year earnings target because of lower nuclear output.

Drug Partnership Extended by Regeneron and Sanofi

Sanofi-Aventi

The partnership which was originally to end in 2012, has been extended by Regeneron Pharmaceuticals Inc. and French drug-maker Sanofi-Aventi, a news confirmed by both the companies, to 2017. The partnership has been extended to help Regeneron develop various experimental drugs which could prove to be much beneficial.

Extra Capital sought by EDF

Electricite de France

As per the media reports, EDF, a major French utility is mulling to increase its capital for venture projects in the UK nuclear sector.

The company might accept to offload a further 20 percent stake in British Energy. Already, a 20 percent stake was sold by the French utility in British Energy, a nuclear power company, to Centrica. As per speculations, EDF requires raising more money because of the additional capital wanted to fund another nuclear programme, as well as pay off some of the company's existing debt.

Dubai World sues French man who made luxury subs

Sheik Mohammed bin Rashid al Maktoum

Today at the Keeneland yearling sale, Sheik Mohammed bin Rashid al Maktoum, the ruler of Dubai spent $2.05 million for the first foal out of champion mare Fleet Indian.

The colt, which helped bolster a sluggish market for thoroughbred race horses at Keeneland, is from the last full crop of leading sire Storm Cat. The Kentucky-based Keeneland Association Inc.'s Web site, said: "Opening day yesterday at the world's largest horse sale grossed less than $25 million, a decline of 55 percent from the session last year."

Vinci to buy Cegelec from Qatari Diar

Qatari Diar

French market leader and a world major in construction Vinci, has entered into an agreement to acquire French electrical engineering group Cegelec from Qatari Diar in an all-share deal.

The addition of Cegelec to Vinci portfolio would add about 27000 employees in 30 countries to the construction group.

In addition, it would also add about € 3 billion in annual revenues to its energy group, taking division's annual revenues past the € 7 billion mark.

Sarkozy on two day visit to Abu Dhabi

Nicolas Sarkozy

Monday night saw French president Nicolas Sarkozy arriving in Abu Dhabi, at the commencement of a two-day visit, which would witness France opening its maiden military base in the Gulf region.

While speaking at a maritime security conference in the capital of the United Arab Emirates ahead of Sarkozy's arrival, French Foreign Minister Bernard Kouchner expressed that he expects the base dubbed 'sea peace camp, to help protect trade in the region and help combat piracy off the Somali coast.

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