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The CAC 40 Opens stable

Wednesday Mar 31, 2010

The Paris Bourse is a pause.Alors that Wall Street has ended the day by standing still and that the Asian stock markets operate in a disorganized this morning, and without trend, the CAC 40 has opened close to balance on Wednesday, falling very little, from 0.13% to 3982.15 points.

Shortly before the opening bell, Insee has published a public debt to France, 77.6% of GDP, against 67.5% of GDP in 2008. The deficit was driven in by 1.8 points to 7.5% of GDP in 2009, a figure slightly less bad than expected (7.9% expected). The deficit increased a total of 80.1 billion, reflecting a decrease of 4.3% of revenue and an increase of 3.8% of spending, Insee said.

Furthermore, producer prices rose 0.1% in February in France after rising 0.6% in January.

Elsewhere in Europe, the main financial centers are also changing in peace: in London, the Footsie index Gently fold from 0.07% to 5668 points, in Belgium, the Bel 20 was down 0.18% at 2651 points.

But after the trading session should be much busier then a rain of important indicators will be published Wednesday in France, Europe and the United States.

An ample macroeconomic news

At 11 hours, the rate of unemployment in the euro area will be watched by investors, as well as inflation in March (first estimate).At mid-day also, the French Building Federation (FFB) will hold a press conference on the prospects of the market in 2010.

Overseas, his eyes riveted on the figures ADP employment in the private sector in March, which fall at 14.15 (they are the employment figures to be unveiled Friday are the most anticipated by investors) . In February, U.S. employment had come out better than expected. The unemployment rate was 9.7%.

Half an hour later, the economic activity of the Chicago area over the same month that will be scrutinized by investors. Then at 16 hours, February industrial orders register on the radar screens of traders.Finally, at 16:30, the weekly crude oil inventories in the United States will be made public overnight pay day loans.

Other events to note on Wednesday for the first time a foreign minister, in this case the French Minister of Economy Christine Lagarde, participates in the German Council of Ministers, devoted in particular to a stabilization fund for banks (9:30). It will then hold a press conference with his German counterpart Wolfgang Sch?uble at noon.

Societe Generale court

The French bank Societe Generale must respond to a complaint filed by New York Court of pension funds and individual investors who accuse him of having wasted money.The bank securities retreated in early trading from 0.49% to 46.48 euros.

Axa declines sharply (-0.82% to 16.34 euros, the biggest drop CAC 40) while S & P downgraded its rating on value. Just behind BNP Paribas plaice 0.77% to 57.84 euros.

Regarding EADS (1.28%, to 15.07 euros, 2nd best performance of the ACC) and Replenishment American, Barack Obama, during a press conference in Washington with Nicolas Sarkozy, has said it wants " avoid all-protectionism ". He promised a selection of "free and fair" for the contract to 35 billion euros.

Schneider Electric is displayed at the top of the list, with an increase of 1.97%, to 87.11 euros.Vinci rises from 0.97% to 44.22 euros, still boosted by his victory over the tender to 7 billion euros for the HSL South-west France.

Later publications, the leading classifieds website Adenclassifieds saw its net profit fall by almost 88% last year. But there have been signs appear since the end of 2009. At approximately 9:10 am, no title Adenclassifieds not traded.

On Wednesday, Orpea, a leading French farmers establishments comprehensive care for dependents, has published a rebound in net income of 26.1%, to 61 million euros. The shares climbed 3.3%, to 31.51 euros and are headlining on the SBF 120.

Neopost back him, 2.53%, to 59.7 euros. The group saw its net profit fall by 5.7% in 2009 to 147.9 million euros.


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Nissan unveils its car prices elective

Tuesday Mar 30, 2010

The automaker Nissan announced today the pricing of its forthcoming electric car, the Leaf. The price in Japan is 3.76 million yen (approximately 30,220 euros) and with government assistance provided, it will be 2.99 million yen or about 24,000 euros.It will pre-order from April in Japan and will be visible in the streets in December.

The release of constru ctor Japanese released Tuesday morning said that during use of six of the Leaf, which is completely electric, the cost of the energy supply of the vehicle would be 86,000 yen (about 690 euros) against 670 low fee payday loans.000 yen (about 5380 euros) for a car in the same category as gasoline.

Sales targets

Nissan expects to sell 6,000 units of the Leaf in 2010 in Japan and will offer its customers equipment necessary to recharge cars.

Apart from Japan, Nissan plans to launch its forthcoming electric car in the U.S. and Europe from 2010 as well.The manufacturer will indicate the prices for these different markets later this year.

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The charging of electric vehicles is standardized


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Toyota: first step to justice

Saturday Mar 27, 2010

This Thursday, September judges hear a variety of defense lawyers about a hundred "class action" (action for common name) filed against the Japanese carmaker Toyota, following the recall of 9 million vehicles.

If the judges decide to consolidate the class actions – based on grounds of complaints (brake pedal …) – into one, for examination by a court, Toyota and the plaintiffs will be invited to agree amicably.Otherwise, the dispute will be settled after a trial.

Certainly it would not be in the interest of Japanese rush into a long and very heavy in terms of image, because the press loves the American business class actions, especially when they involve a large listed group.

Between 3 and 5 billion dollars in financial compensation

Asked by the newspaper Les Echos on Wednesday, Jim Carter, lawyer and author of a complaint in partnership filed against Toyota, "the amount of damages can be assessed using a technique called" mass appraisal "based on factors known (such as vehicle age, mileage, etc.) to estimate the loss in value of their cars of all persons who filed a class action no fax cash advances !!!???!!!?? ?!!!.

He said Toyota may be required to pay financial compensation which "could reach between 3 to 5 billion dollars," he said, while acknowledging not knowing the maximum amount taxed at the manufacturer to date.

Forward, back to better

A month ago, was held hearings in Congress. On this occasion, the operations manager, Jim Lentz, apologized to his group, and acknowledged that it has "too much time to consider a rare but serious safety problems. Technical faults which he attributes in part to "a miscommunication within the company, with regulators and with consumers."

To this the CEO of manufacturer Akio Toyoda, admitted that "the pace at which we (the band, Ed) we developed was too fast.Our priorities are confused and our basic principle of listening to consumers to make better products it is found compromised.

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Agreement on harassment and violence at work

Friday Mar 26, 2010

After eight rounds of negotiations, the social partners reached Friday to a draft agreement – which must be initialed by the unions – the harassment and workplace violence.

Long opposed to acknowledge that "some forms of work organizations and personnel management cause themselves from violence and harassment, as required by labor, management has finally made a gesture which made available the situation. The employers have admitted that "certain elements of the work environment, including the" management methods "or" mode of operation of the business, could lead to harassment or violence. "The final text is balanced," acknowledged Bernard Salengro, the CFE-CGC, at the exit. "It has evolved in the right direction", agreed Christine Guinand, the CGT, without commenting on the decision of its Central."It is rather positive," said Jean-Louis Malys, the CFDT.

If it took the wave of suicides in France Telecom for the setting, this negotiation was inevitable anyway, since it aims at transposing a European framework agreement adopted in late 2006. It pursues two objectives. Primo, "improve awareness and understanding of employers and employees against harassment and violence at work to better prevent this behavior, reduce and if possible eliminate them." And deuzio their "provide a concrete framework for the identification, prevention and management problems fast cash advance .ยป

A charter Reference

The draft agreement stipulates that certain employees are more affected than others' because of their gender, sexual orientation, disability or frequency of their relationship with the public. "But all can be victims "of abuse, threats and humiliation, repeated and deliberate" from "lack of respect for the will to harm, destroy". To prevent these abuses, companies should "take a clear position, stating that harassment and violence are not allowed" and the decline "as a charter of Reference describing the procedure in cases of proven facts – the Authors will be punished or even dismissed. They must also "identify the phenomena of harassment or violence at work in order to measure the magnitude (…) and search for preventive measures.

Branches professional requirements are to "develop tools adapted to the situation in their area." Committees of hygiene, safety and working conditions (CHSCT) and occupational physicians are also involved. Managers will be trained.The practical implementation of these provisions in the lives of businesses and their employees may therefore take more time.

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Fnac renewed the offensive on the Web

Thursday Mar 25, 2010

LE FIGARO. – Sales of Fnac fell 1.9% last year, while operating profit was progressing. Have you preferred the return to growth?

Christophe Cuvillier. – We have managed to combine growth and profitability. Our performance is higher than the market in most countries where we operate. We gained market share in areas of the disc and video, thanks to Blu-ray, which FNAC is well placed. Most actions to strengthen our dynamic sales have begun to bear fruit, such as selling video games of chance.

In France, sales leveled off last year after two years of declines. 2010 will Does the year of recovery?

We strive to boost sales.We will continue the deployment of passion spaces in Paris, the provinces and abroad with fifteen new space devoted to comics, to the hi-fi, classical music … All three shops in Paris where we opened the first seven The growth in sales departments concerned is 5 to 10 points above average. We will also carry three to fifteen spaces our stationery.

What is your strategy to accelerate sales on the Internet?

Internet is at the heart of our strategy, we will strengthen the complementarity between the Web and our stores. Our goal is to achieve 10 to 11% of our activity fnac.com in 2010, against 9% last year. A new iPhone application will be launched in late May Customers can interact with the store via their mobile to view a product description or read reviews from users.We will also launch several community sites. Three will be in place by June on comics, manga and photography.

You've also created a "marketplace" …

The space of intermediation between sellers, individuals or professionals, and Internet was far open to sale of editorial products (books, CDs, DVDs …). It will be extended in 2010 to technical products, and offered to customers wishing to order in store. In 24 hours, the entire supply to be so accessible, wherever you be!

Apple multiplies the opening of Apple Stores in France. How do you react to this competition?

This we do not particularly pleased, but it is exciting. If Apple is so ambitious in France is that a lot of success with Fnac, where he conducts much of its sales.We will continue to be a partner with our 25 spaces dedicated to the brand.

Have you decided to sell your 40 stores Fnac Eveil & Games?

We are currently investigating several policy options.

Fran?ois-Henri Pinault, the CEO of PPR repeat last year he wants to sell the Fnac. How do you manage the company and its 14 600 employees in these conditions?

This changes nothing. My horizon is 2015-2020. We will continue our strategy is to build strong positions in stores and on the Internet in France and abroad. Regarding a future new shareholder, it will be important to respect the concept of Fnac.


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The United States worried about Greece

Tuesday Mar 23, 2010

Who would have thought that a small economy could disturb the Mediterranean world power? Yet, a leader of the Fed, the U.S. central bank expressed concern about the effects of the crisis on the Greek United States. "I see three ways in which the Greek crisis could directly affect the economy of the United States," said Dennis Lockhart, a patron of the Atlanta Fed on Monday night.

Greece, attracting the attention of investors on the debt of European countries, could accelerate the introduction of austerity policies in Europe.An ominous prospect for U.S. exports, according to Lockhart: "If the countries of the European Union would provide for adjustments to budget problems, this could hinder the growth of the eurozone and U.S. exports to this region .

Second concern for the head of the Fed, the dollar's rise against the euro. The single currency is weakened by the Greek crisis, investors have been particularly its decline in January and February bad credit payday advance . Mechanical consequence down the euro, the dollar rises, which could "undermine the competitiveness of U.S. exports," according to Dennis Lockhart.

"The third [of concern] is the possibility that the Greek budget crisis leads to a large impact on financial markets.This could occur in the banking system or as a retreat General [investors] the debt market states ", has alarmed the leadership of the Fed.

These three concerns, first expressed by the Fed intervene to three days of the European Council of Heads of State and Government. The President of the European Commission Jose Manuel Barroso, has called in an interview with the Financial Times European leaders to show "solidarity" against Greece. This latest threat to resort to the International Monetary Fund if there is no mechanism in place.

See also:

"SPECIAL – Greece, a challenge for Europe


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AFP: the dance of contenders

Saturday Mar 20, 2010

The resignation of the President of the Agence France-Presse, Pierre Louette, February 24 last, to join France Telecom as secretary general of the group, has launched the race to succeed him.

Currently, two candidates have officially released their candidacy for the presidency of the French news agency. In early March, Olivier Zegna Rata, Director of Institutional Relations of Canal +, was the first to enter the race. It has since been joined by an internal candidate to the agency, the journalist of British David Sharp, a member of the AFP Committee and member of the union SUD-AFP.

Besides these two official candidates, others have entirely been transmitted to the Board of Directors of AFP but not so far made public.Others may also occur in the coming days, the board of directors of the agency who left the candidates until March 25 to declare.

Pending

Pending the close of nominations, speculation is rife. So much so that Jean-Marie Colombani, former editor of Le Monde, had to deny. Currently responsible, along with four other media personalities, a mission on the future of the AFP, Jean-Marie Colombani would, on this occasion, said that no member of this mission should apply to the Presidency AFP payday loans online .Also a member of this mission, Fabrice Boe, whose name has circulated a time, Le Figaro said "not a candidate for this day" but "very concerned about the future of the agency."

Other names circulating Emmanuel Hoog, the current president of the INA; Hiault Denis, a former bureau chief of AFP in London or Philip Micouleau, former CEO of Agefi and member of the Board of Directors AFP … So many personalities who have never – at least for now – confirmed their interest in this position.

The screening committee of the AFP reported not refrain "from direct contact with any person whom it believes it can validly claim to occupy the position of CEO of the agency."So, many figures are quoted with Arnaud de Puyfontaine, president of the British subsidiary of Hearst, and Bruno Patino, director of France Culture.

The next board of directors of AFP, which select candidates, is already scheduled the week of April 5.

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Poweo does not revert to green in 2012

Friday Mar 19, 2010

2009, a restructuring exercise. 2010 a transition year, according Poweo.

The leading independent supplier of electricity and gas French recalls in its press release of its annual results, the 2009 accounts have been sealed by "business conditions particularly unfavorable" and "the delay by government in implementation of a reform of the electricity market.

In the twelve months of the financial year, the group led by Loic CAPERAN has indeed widened its net losses over four and a half times, to 93.5 million. Turnover, already known since February 18 last, had emerged above the expectations of analysts, to 565 million euros (-2.2%). The negative operating result increased sharply to -85.3 million euros.In February, the CEO said it expected an operating loss of more than 75 million euros.

"In 2009, the difference between our average procurement cost of 42 euros per megawatt hour, and our average selling price of 47 euros, do not allow us to cover our marketing costs and costs of our customer management, had he said. Result: Poweo not develop its full portfolio of projects ranging between 3 and 4 billion euros in the medium term, including 1 billion for renewable energy.

For 2010, the company expects an operating loss divided by three. The future is preparing already: Poweo considering a plan 2011-2015 with a target operating profit in 2011 and net income in 2012, focusing its attention on "combined cycle natural gas, wind and solar. "

In exchange, investors punish.Titles Poweo dropped in the first exchanges of 1.2%, to 12.35 euros in a market decline of 0.27% at 3947 points.

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Fed reassures global bourses

Thursday Mar 18, 2010

Investors held their breath. They now seem reassured. In Paris the CAC 40 rose 0.48% to end the session at 3957.89 points. Now the Paris Bourse was again in the green since the beginning of the year (0.55%) and the symbolic threshold of 4000 points is nearby. Optimism was also placed on other major European markets. In London, the Footsie was awarded 0.43% while in Frankfurt the Dax rose 0.89%.

The U.S. central bank has delivered Tuesday its traditional balancing act. While the game is indeed to justify keeping interest rates near zero to support the nascent recovery without paints an overly bleak economy.Not surprisingly the Fed has confirmed that economic conditions required to maintain its key policy rates at a "very low" for a "prolonged period".

Stabilizing labor market

The Fed, however, held that "the pace of economic recovery was slightly accelerated" cash advance america . But the greatest novelty of the final communiqu? comes from the analysis of the labor market. The monetary policy committee has in effect said levy signs of "stabilization of the labor market" in the United States. Stabilization, then recovery of the labor market in the United States is very good news for markets. It would allow a rebound in U.S. consumption, the main engine of global growth.Wall Street, which had welcomed the verdict of the Fed on the economy and the status quo on rates by up Tuesday continued its advance Wednesday.

Signs of renewed investor confidence, the sectors most sensitive to economic conditions, particularly pulled well out of the game values related to raw materials and construction led the increase on most major exchanges. In Paris, Lafarge (+3.06%) finished top of the ACC 40, followed closely by the steel giant Arcelor Mittal (+2.43%) and Saint Gobain (+2.35%)


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Inflation off again in February

Tuesday Mar 16, 2010

End balances and high tourist season in Winter forcing prices are increasing again in February. The index of consumer prices rose by 0.6% over the last month, and 1.3% year over year, according to figures released Tuesday by the INSEE. The government forecasts a moderate price increases of 1.2% on year.

This resurgence of inflation "from higher prices of manufactured goods, particularly related to the end of winter sales and the prices for other services during a holiday in February, Insee said. The prices of clothing rose by 5.8% compared to January, with the end of winter discounts.On the other hand, prices of holiday homes jumped by 32.4% from the previous month instant payday loan .

Prices of vegetables increased sharply for the second consecutive month by 1.3%, "due to difficult climatic conditions for production and delivery of products," INSEE said.

In contrast, reductions of tariffs in the aviation and automotive brake rising prices. The price of energy, including petroleum products have remained stable.

"The French economy (like all developed economies) is experiencing overcapacity," said Nicolas Bouzou, economist at Aster. "There is no pressure on producer prices could be passed on the overall retail price".


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