French Stocks: ArcelorMittal, Carbone Lorraine, GL, Itesoft

By Adria Cimino

Sept. 9 (Bloomberg) -- France's CAC 40 Index slipped 5.16, or 0.1 percent, to 4,335.02 at 9:12 a.m. in Paris after rallying 3.4 percent yesterday. The SBF 120 Index lost 0.2 percent.

The following stocks rose or fell in Paris. Stock symbols are in parentheses.

ArcelorMittal (MTP FP), the world's biggest steelmaker, slid 61 cents, or 1.4 percent, to 44.01 euros, falling for the first time this week. Cia. Vale do Rio Doce, the world's biggest iron-ore producer, asked Nippon Steel Corp. and its Japanese rivals to pay 12 percent more for the material on top of a 65 percent increase agreed to in February, two people familiar with the negotiations said.

Carbone Lorraine SA (CRL FP) advanced 59 cents, or 1.7 percent, to 36.36, gaining for a second day. The maker of electric motor parts won two contracts worth a total $85 million from the solar energy industry.

GL Events SA (GLO FP) lost 19 cents, or 1.1 percent, to 17.01 euros, dropping for a fifth day. The exhibition and events organizer said first-half net income fell 16 percent to 14.4 million euros ($20 million).

Itesoft SA (ITE FP) surged 43 cents, or 20 percent, to 2.53 euros gaining the most since 2004. The software developer won a 1.8 million-euro contract from French social security agency CNAM.

Michelin & Cie. (ML FP), the world's second-largest tiremaker, climbed 44 cents, or 0.9 percent, to 48.66 euros, gaining for a second day. Crude oil fell in New York as the dollar rose against the euro and Saudi Arabia's oil minister said supplies are sufficient to meet demand. The contract for October delivery dropped as much as 1.5 percent to $104.77 on the New York Mercantile Exchange.

To contact the reporter on this story: Adria Cimino in Paris at acimino1@bloomberg.net.