EADS' shares rose by as much as 7% on its first half profits announcement Tuesday after the firm hiked cash forecasts. Its two biggest shareholders, Daimler and Lagardere, also announced they had been provisionally cleared of insider trading.
Alleged rogue trader Jérôme Kerviel faced probably his last hearing Thursday in a year-long investigation into the trading scandal that left French bank Société Générale with 4.9 billion euros in losses. Kerviel said he had "a lot more to say".
Société Générale, the French bank hit by a massive rogue trading scandal, said CEO Daniel Bouton would step down, to be replaced by Frederic Oudea. Bouton, however, will retain his position as the bank's chairman.