Airbus insider trading trial opens in France

PARIS, Oct 3:  A long-awaited French corporate trial involving allegations of insider trading in the shares of Airbus Group got under way on Friday, marking the climax of an eight-year investigation. Seven current and former managers at Europe's largest aerospace group, and two former industrial shareholders, are accused of trying to profit from inside knowledge of problems with two jet developments and a deteriorating financial outlook when they sold shares in what was then EADS in 2006. All deny the charges and argue that the trial should not be taking place because they have already been cleared by the French stock market regulator, highlighting a growing European debate about "double jeopardy" rules.     — Reuters