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Car Equipment Manufacturers: job cuts

Tuesday Feb 9, 2010

Automotive suppliers will even remove tens of thousands of jobs in 2010. This is reflected in the report prepared as part of the Committee in Support of subcontractors motor development by Christian Estrosi last September, whose findings were released last November. In the newspaper Les Echos this Monday, we learn that it is 40,000 to 50,000 jobs are threatened in France.

Currently, industry professionals, such as Michelin, Valeo and Faurecia still revolve overstaffed by about 25,000 jobs to outsourcing and 14,000 for the equipment of one rank, that is to say those who deal directly with major manufacturers."By adjusting the calculation from the future evolution of automobile production lights and possible productivity efforts, the Task Force falls even on an estimate of 40,000 to 50,000 jobs too," reads in columns the business daily.

The job cuts have already begun. Already, in late December, all suppliers were documenting 265,000 employees, or 35,000 fewer than in 2008, and 55,000 fewer than in 2005. Plans starts or closings of sites, almost all companies have downsized.

Positions on an ejection seat

Thus, 2010 will be another year of unrest in the area. Last year, pressure from Molex or Continental was rising power.

According to the Committee Estrosi, all branches, with the exception of the forge would be affected.The report mentions the possible disappearance of 7 out of 10 jobs in the molds and tooling in just two years, reports Les Echos. In rubber, overstaffing are estimated to 5,300 jobs from a total of 46,500.

The radar screens already viewing site closures. As the unit of Plastic Omnium Sandouville or that of Noyelles les Seclin Michelin.Furthermore, Visteon should further reduce its workforce, for example on the website and that of Gondecourt Renault Flins.

Moreover, the stress that a reorganization Echos – Meeting of the eleven branches in three areas – at Valeo lead to further job cuts, especially "in the administrative and executive officers," according to a coordinator CFE-CGC.

Ways to do better

This commission set up by Christian Estrosi, comprising manufacturers, suppliers, subcontractors, trade associations, research organizations, trade unions and elected officials, was intended to provide short-term measures to support sub-contractors in trouble, d 'solutions to better anticipate and better support the structuring of the industry .

Following the presentation of findings, Christian Estrosi and had announced last November some measures. Since the creation of a fund within the Fund for the Modernization of Automotive (FMEA) for sub-contractors of rank 2 and up. It especially allows easier access for SMEs (Small and Medium Enterprises) of the automotive industry to 2 billion euros managed by OSEO and the ISP for the strengthening of equity or quasi equity, established under the plan SME financing.

On the accompanying measures of economic and strategic changes, the state funding of strategic diagnosis for SMEs in the sector is provided for those who request it. Also, a platform or "stop" will be formed under the auspices of the Prefect, to inform SMEs.In addition, a working group on employment trends in the automotive industry has been launched. As a "scientific board" to provide a technical and manage the excess capacity of different sectors.

Regarding measures related to innovation, the government called for better coordination between clusters Motor (MOVEO, ID4Car, Car of the Future).

Christian Estrosi had said in late November that he was "very attentive to the establishment of partnership relations with all suppliers, large or small. A similar quality and price, was the preferred logic ecosystem around local produce suppliers.

The Exchange requested evidence

At the Paris Stock Exchange on Monday, Michelin lost 0.9% to 53 euros, Valeo drops 1.9% to 22.2 euros, Faurecia coward 1.33%, to 14.4 euros and sells Plasctic Omnium 1 13% to 25.4 euros.These companies sign strongest stock declines in the automotive sector.

For Paris-based analyst, "this plan is good news for the French automotive industry because it sends a strong signal of government support." He said he especially aims to create a shock in the short term."In market terms, it is likely that this plan has already been partially played, and he must demonstrate its ability to limit the drop in auto sales scheduled in the months to come," he said.

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Hybrids Ford also victims of brake problems

Friday Feb 5, 2010

After the Japanese manufacturer Toyota is Ford's turn to report problems with brakes on hybrid cars. Without explicitly mention a reminder of cars, the manufacturer said that the owners of certain 2010 models of the Fusion Hybrid and Milan Hybrid mail to receive a letter advising them to go to their dealer for a free upgrade of the computer system manager braking.

The manufacturer said that the problem occurs when switching between the two braking the vehicle, and that drivers always have an effective braking despite posting misleading.

At Ford, the software problem equip 18,000 cars, but only a small fraction of that total "will suffer a problem, according to a consumer association.


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DeamNex: "Hunting Opportunities"

Wednesday Feb 3, 2010

Lefigaro.fr / Jdf.com: In just under ten years, DreamNex has become the European champion of the Internet charming. What were the secrets of your success?

Patrice Macar: First, DreamNex was the first company to spell Internet with a quality, positioned on the high end, which addresses the general adult audience, namely men, women, and couples. In addition, there is no doubt that the sector is in vogue. Sexuality is no longer taboo. It is even likely. Sexy lingerie and sex toys have democratized, as evidenced by the series Sex and the City or the corner Toys Chics at Galeries Lafayette. Even M6 Boutique spent a night broadcast on its new range of sex toys.

Besides selling products, we developed our site Sexyavenue.com entertainment activity, with a video service (VOD), which has seriously accelerated with the spread of broadband. Again, DreamNex has cornered the French market. And the branch meetings has also had some success with its service Eden Flirt "for naughty games and free in a supervised environment.

In acquiring the Belgian Enjoy DreamNex early 2008 that declared its leadership at European level through its service XCAM, a kind of phone sex on webcams, where thousands of independent filmmakers around the world offer discussions erotic home.Buying Enjoy, for just over 40 million euros has been possible thanks to the IPO of DreamNex on Euronext (Compartment C) in March 2007, which then helped raise 15 million euros.

In recent years you've been very aggressive in the market by finalizing purchase of several companies. And you do not stop here …

We have no reason to stop there! Not only is DreamNex leader, but he is always alone on the European market very fragmented. In addition, we have the necessary cash to make acquisitions of our choice. In fact, since the IPO, DreamNex still has as much cash as all previous acquisitions have allowed a return on investment as we have been able to pay shareholders, while bailing out our cases.

In 2009, however, we took a break after four acquisitions in 18 months to restructure the group and maximize the new resources. It has centralized teams, we recruited new managers … But in 2010, one starts to hunt for great opportunities. It focuses on three areas that we know well. For now, DreamNex is strong in France, Belgium, Spain and Italy. We look for companies already well established, why not in Germany. We have two issues being discussed, but nothing is certain yet.

In 2009, your sales totaled 67.3 million euros, down 4.2% on a pro forma basis. What are your goals for 2010?

DreamNex activity, partly due to the vagaries of the consumer has finally stood up well in 2009. Surely it is because people are a little more at home and at restaurant or cinema.It does, they need to entertain. But it is true that we have found that the average basket of purchases on our site is a little less than before Payday Advance . Customers buy on average four products now rather than five.

Anyway, last year was pivotal. It was time to reorganize. The effects are already felt. Even if I never give targets usually I can tell you that the operating profitability of the group will win at least 5 points between the first and second half of 2009, reaching over 25% on the second part of the year .

You've decided to start a business of gaming. Is it not make too much diversification?

We realized that poker players, casinos, paris sports, etc..online customers and the Internet are actually charming in a hearing fairly close. DreamNex has the ability to generate audience. We can then exploit it and add another string to our bow. We will not incur massive investment in this activity. We will call for a turnkey solution for platform games through companies specializing in the field. The challenge now is to comply with legal constraints and heavy comply with specific regulations in force in different European countries.

By launching your own brand, have you played the card of profitability or is it rather a fun little marketing?

Both. It was first launched lingerie SexyAvenue. Now half of our products are sold to our brand. Since June 2009, we sell sextoys SexyAvenue.Note that sextoys now represent half of our total sales. For our sextoys, we chose 15 products that sold best on our site, we went to China, and we asked the same to our sign. Ultimately, the price is a little cheaper and our products SexyAvenue reap a gross profit of at least 70%. Value today, the brand recorded 27% of sales. We aim 30 to 35% in the short term.

What, ten years ago, you had the idea and the courage to get started in this business?

In fact, my ambition was to be undertaken on the Internet. I felt the revolution. I told myself that I must be part of this incredible movement. I wondered what kind of business I was targeting. I quickly noticed the United States, the adult business was going well. Meanwhile, in Europe, there was almost nothing, apart from sites in Pigalle …So I chose this niche, but with a real professional approach.

You must have had a hard time build your credibility at the beginning …

It is true that banks and other partners looked at me wrong at first. It was ten years ago and attitudes were different. There are still some people who are uncomfortable with the activity of DreamNex, but overall it's much more relaxed than before. Especially now that DreamNex is listed on the stock market and managed to get a good picture, relations are much easier.

Interview by Marine Rabreau.

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The Paris Bourse expected up

Monday Jan 18, 2010

A rebound in perspective. The Paris Bourse is scheduled to begin this week in the green, having closed sharply lower Friday. After pointing downward, the future will resume within minutes of opening. The CAC 40 gained 0.53% to 3975 points.

This morning the Asian seat ended in a steep downward trend. The Nikkei lost 1.16%. The disappointing results from JP Morgan affect the morale of investors who doubt the health of the banking sector. Friday, Wall Street had already set the tone by closing on a negative note. On Monday, the U.S. places are closed due to holiday.

No macroeconomic statistics that could reverse the trend is expected.

Renault under the microscope

As for values to follow, Renault is expected to turn.Group CEO, Carlos Ghosn, announced Saturday that the new Clio 4 will be made to Flins (Yvelines) and Turkey, without giving further details on the distribution of production at both sites. The reaction of Peugeot will also be expected.

According to the British press, GDF SUEZ is considering a reconciliation with Britain's International Power. The transaction details are not mentioned.

Louis Welsh, CEO of EADS Sunday welcomed signs sent by the client countries of the military transport aircraft Airbus A400M.The France had announced it planned to discuss the cost overruns of the project therefore would not be abandoned.

Air France KLM would react Exchange after publication in the Japanese press of a rapprochement between Japan Airlines (JAL) and Delta Air Lines, which should lead JAL to join the SkyTeam alliance, which includes Air France-KLM.

According to the Tribune, Axa interested in a stake in the giant Russian Aluminum Rusal, which is listed on the Stock Exchange of Hong Kong and Paris (Euronext) next week. Rusal hopes to raise 2.6 billion dollars (1.8 billion) through its entry into the market.

Accor CEO Gilles Pelisson said in an interview with Journal du Dimanche that the group should not be separated from its brands Sofitel and Motel 6.He said the resumption of the hotel market will slow in the first quarter of 2010.

The luxury goods group Compagnie Financiere Richemont announced Monday before market turnover exceeds expectations in the third quarter of 2009/2010. The latter rose 2% to 1.585 billion euros, while analysts expected a decline. For the current year, Richemont gave no forecast

Aeroports de Paris (ADP) after market must publish its traffic for the month of December.

At 18h, Casino and Mercialys publish their figures for the fourth quarter while Soitec unveil his own in the third quarter.


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Afer: investors against attack

Monday Jan 11, 2010

On the eve of the great Mass Association Annual Retirement Savings Afer, the past resurfaces and new twists are expected. Accused in 1999 of embezzling 128.9 million euros, the former leaders of the savings association Gérard Athias and André Le Saux, were convicted on appeal by the Correctional Court of Paris, two years in jail suspended for breach of trust, and restitution of misappropriated funds between 1986 and 1997. This conviction was finally confirmed on 2 December by the Court of Cassation. This now opens the way for compensation to investors who suffered financial loss.

The SOS Afer Principles, which includes 400 members of the association, has therefore written to the Board of Afer asking him to recover misappropriated funds at the expense of savers."At least 400,000 members are concerned, are entitled to recover all amounts diverted, or about 250 million euros," said SOS Principles Afer.

We'll see tomorrow at the meeting of the association, during which will be unveiled the yield of the contract for 2009, how the current leaders of Afer respond to this request.


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France: the debt exceeds 75% of GDP

Wednesday Dec 30, 2009

The gross public debt (government, social security and local authorities) continues to rise. At the end of the third quarter, gross debt under the Maastricht amounted to 1457.4 billion, up from 29.4 billion the previous quarter, according to figures published by INSEE on Tuesday. "Expressed as a percentage of GDP, it is approximately 75.8%, up 1.9 points," says the National Institute of Statistics. In the second quarter, the debt had reached 73.9% of GDP.

The increase over the period, less than that observed in the second quarter (61.1 billion euros), was driven in particular by the increase in debt of the state. To finance the budget deficit, the state has cut its debt of 23.4 billion euros.The debt has also funded a stake in the Company making state participation in a French bank, Crédit Agricole 3 billion, INSEE said.

The social security funds have also contributed to the increase in gross public debt to the tune of 5.9 billion euros, "particularly as a result of increased indebtedness of the ACOSS (3, 9 billion euros), "details the INSEE.

The government has included in his bill to finance the debt was still progress to 77.9% of GDP at the end of the year. In 2010, it expects debt to 84% of GDP, without taking into account the large loan.

Moreover, net public debt, which includes cash and short-term is highest increase over the period, the gross debt.It was heavy with 57.1 billion euros over the second quarter, rising late September to 1331.5 billion. In case a "sharp decrease in cash of the State (-28.3 billion), returning to a level close to that of a year ago," said INSEE.

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Free elected fourth mobile operator

Saturday Dec 19, 2009

Orange, SFR and Bouygues Telecom will now share the telephony market with a fourth mobile operator. Free, a subsidiary of Iliad, has won the fourth license enforced through Arcep cons 240 million euros. Free file has been evaluated using several criteria, the most important being the "coherence and credibility of the project" and the "coverage territory", according to the release of the Regulatory Authority.In exchange, the news was very well received as evidenced by the share price Iliad, the parent of Freer, earning 3.38% to 83.49 euros.

"The arrival of this new actor should have a positive effect on the dynamic market of mobile telephony and, more generally, should be a positive factor for the development of electronic communications services," said the Authority has long criticized the lack of competition in mobile telephony.

Free operator had made known in 2003 by "breaking" the prices of holidays, being the first in France to offer a triple play (phone / internet / TV) for less than 30 euros, forcing competition to align its rates. A floor rate which was recently taken down by Numericable, then taken to account by the con own subsidiary of Iliad, Alice.

Free "undertake (…) to open its mobile network commercially within two years after the issuance of the permit and to cover the next eight years, at least 90% of the population by its 3G network." In other words, the subsidiary of Iliad should offer its new phone packages as early as January 2010, the official date of award of the license, and no later than early 2012.


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Airbus over Boeing in terms of net orders

Saturday Dec 5, 2009

In the duel that pits the Air Europe to the United States, the advantage after the first eleven months of 2009, returns to the Old Continent, represented by Airbus. The aircraft manufacturer, the main division of European aerospace group EADS said Thursday it had recorded 225 orders since the beginning of the year and suffered 31 cancellations, a total of 194 net orders. On the side of Boeing, announced on November 24 last a net balance of 91 commands. The American group, behind more than two years on its proposed 787 (or Dreamliner) had received 204 orders in the first 11 months of the year but suffered 111 cancellations, all fleets.

The initial objective of Airbus, which was to achieve a balance in late 2009 from 300 gross orders, however, should not be reached. The exhibition in Dubai, held in November, has enabled the aircraft manufacturer to fill its order book.From January to November, Airbus announced that he had delivered 437 aircraft and is still on a table delivery of 490 aircraft, is about the same as last year. Until now, seven models of the A380 superjumbo has been delivered while the group still hopes to deliver 13 jumbo versions of their own this year. But he admitted that one or two deliveries could occur in early 2010.


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Towards a restriction of tax loopholes

Tuesday Dec 1, 2009

The overall ceiling of tax loopholes Will it be lowered? The UMP general rapporteur of the Committee on Senate Finance, Philippe Marini, filed an amendment to that effect to the draft budget for 2010. He wants the overall cap, currently 25 000 plus 10% of income goes to 20 000 plus 8% of income. "The expected savings for the state are not huge. But this measure reflects our desire to limit the tax loopholes, "says Philippe Marini. And the senator also wants reform of the Scellier back to the original text submitted by the cabinet in September. The government had planned to turn green when the device supporting the rental investment, making it less attractive for homes not meeting the standard "low consumption". But the National Assembly had then reduced the impact of greening.However, Philippe Marini supports the amendment adopted by the Assembly of taxation benefits and work accidents. And he does not wish to return, for now, on the measures which the Assembly amended the tax shield (100% inclusion of dividends in the income deficit due one year on average). The question now is what will decide the Finance Committee on Tuesday and above all sitting senators. For his part, the president of the centrist finance committee, Jean Arthuis, will introduce his amendment removing the TFR, all being funded by the end of the tax shield, creating a sixth installment of income tax and higher taxes on capital income. Without any illusions about his fate.


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The cloud computing revolutionizes IT

Monday Nov 23, 2009

The cloud computing mask does a tsunami? For months, the heavy hammer of new technologies that the future lies in the cloud computing literally computing in the cloud.

Amazon and Google, born on the Internet – symbolized by a cloud – are the pioneers of this movement that is revolutionizing the computer world. Their idea? Rent their gigantic business infrastructure and services via the Web, thanks to their huge data centers, these "farms" that can accommodate up to 100 servers 000.

It is true that these two global companies have invested billions of dollars into these gigantic and expensive tools of computing and storage.One for its sales online, the other for its search engine whose algorithms are greedy in power calculations and, therefore servers.

In spring 2006, Amazon launched the leasing business called Amazon Web Services.

Low-Cost Computers

With Internet access, any company can use the computing capacity and storage data from Amazon. And above all it is billed for use. A clever way for the giant e-commerce to recoup its costs. "You think we sell our waste? asked Werner Vogel, CTO of AWS turning to CIOs increasingly concerned by the potential savings represented by the cloud. We offer a unique technology, agile, safe, cheap, secure and with high volumes.It has become a big business for Amazon, as big as e-commerce, "says the leader of AWS without giving further details.

In fact, many start-ups and small businesses who can not afford to invest in an own computer network chose this solution immediately. Others assign only part of their computer when their business demands a bigger consumption computer. Finally some companies have decided to convert entirely to the cloud to make savings in staff and infrastructure, and especially better calculate these costs as if the computer had become a "convenience" as electricity. "Currently, information is still very traditional," says Philippe Bournhonesque, director of strategy for IBM Software in France. The cost of the equipment is expensive, but it must be added that the facility and human resources deployed.The cloud has the advantage of being charged according to usage. You pay only for what you use. "

According to Gartner, sales of computer dematerialized, cloud computing, is expected to exceed 14 billion dollars annually by the end of 2013. IDC, another firm, is more upbeat and consider that services on the cloud will reach $ 44.2 billion end 2013. A drop of water compared to current sales by hardware manufacturers, service companies and traditional software. But the trend toward the industrialization of IT tasks and reducing costs changed the face of techno.

The Internet, elected by the general public is conquering the business world. Now, all groups of high-tech began to cloud. They are not targeting any infrastructure like Amazon.Google has chosen services. Since February 2007, the ogre of Mountain View sells business software accessible over the Internet, such as messaging, calendar, document sharing … sold by annual subscription ($ 50 per user). The Google Apps competitor of Office, one of Microsoft's flagship software, totaled $ 553 million in sales in the first nine months of the year, or 3.25% of turnover from leader Internet research.

IBM and Microsoft have also shown that they were not out of the cloud. Big Blue has developed a comprehensive project called Blue Cloud, with partners. Microsoft has launched in its test platform called Azure cloud computing."We will be the only market to provide the infrastructure, development and software" as a service "that is to say the demand," explains Bernard Ourghanlian, technical director of Microsoft France.

But if the cloud computing will free business investment, it also leaves unanswered questions. These groups, all Americans do not have data centers in France. Companies will they accept that their data is hosted in Ireland, the Netherlands, Belgium. This cheap computer will she need battalions of technicians and engineers active in the business? A cloud passes …

"The companies will pay only what they use"


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