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The RSA extended to young people today

Thursday Sep 2, 2010

As announced last week by Marc-Philippe Daubresse, Minister of Youth and active solidarity, the Solidarity labor income (RSA) is now extended to young workers under 25 years. "This means concretely that the first beneficiaries will receive their allocations on October 5," said Minister of Youth and active solidarity. This provision of the plan "Action for Youth was announced September 29, 2009 by Nicolas Sarkozy during a visit to Avignon and is intended" to accelerate the return to employment for young workers. " It is aimed at young people aged 18-25 who worked at least 3,214 hours over three years. Either two years full time in the last three preceding the application.

"All periods of employment or self-employed are taken into account," said Marc-Philippe Daubresse.Namely contracts alternately, learning, CDD, CDI, or temporary assignments. The periods internships, volunteering, civil service, however, are not integrated. As for periods of unemployment compensation, but also redeployment agreement under Custom (PRC) and contract of employment transition (CTP), they are neutralized to a maximum of six months, increasing the period of 3.5 years, at most.

460 euros per month

The amount of "RSA young" is established on the same basis as the RSA and therefore calculated based on income and family status. Specifically, a person younger than 25 years without work and without any resource having worked for two years and exhausted entitlement to unemployment benefits will receive an allowance of 460 euros per month.As a young active with two years experience and who receives income of 500 euros per month with no other resource, he will receive a check from the state of 215 euros per month.

A communication campaign (posters, radio spots, web banners, flyers …) – with, as its slogan, "the RSA today is to young" – will be launched in early September to reach the target. However, considerable uncertainty remains about the number of beneficiaries and the overall cost of the device. The Elysee was banking on 160,000 eligible youth and a cost of 250 million full year.But the minister refused to confirm those figures.

"I reject the goals that we can not reach because I am a scientist," he said, calling the figure of 160,000, publicly reaffirmed on Feb. 24 by François Fillon, the "wet finger in the forecast." His services admit, however, that RSA is expected to cost 80 million young full year and thus ultimately benefit at much less than 100 000 young people.

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3PAR: the showdown between Dell and HP continues

Saturday Aug 28, 2010

Bids climb for 3PAR. The computer giants Dell and Hewlett-Packard are engaged in a struggle to redeem the American Society of data storage. A standoff that intensified this week.

Last rebound on Friday: HP announced in mid-afternoon that he raised his bid for 3PAR to $ 30 per share, valuing the company proposed data storage to 2 billion dollars! Rival Dell had announced earlier in the day he lined up on the previous HP offers made Thursday night: $ 27 per share, or $ 1.8 billion.

In this battle of "cloud computing (cloud computing via the Internet), and two days are alike. The day of Thursday has been marked by the same scenario.By putting on the table an offer to 1.8 billion, HP responded to Dell, which had outbid earlier in the day.

For Dell, the matter seemed closed Thursday morning. Thirty cents per share closely. Indeed, the offer was raised from Dell was barely higher than that of HP, to 24.30 cents per share against 24 cents. If the transaction would receive the green light from authorities, Dell assured however that it could be finalized before the end of the year. The computer maker also added that the operation "should have a positive impact on [his] profit excluding exceptional items from fiscal 2012.

The "cloud computing" is popular

It was without counting on the pugnacity of HP payday advance lender.The acquisition would allow 3PAR to expand its range of storage products for cloud computing and support services activities, like other industry heavyweights like IBM, they tend to generate higher profit margins than sales of computers.

The ball is now in the hands of Dell. And it did not intend to waive 3PAR Friday. "The group continues to believe that the acquisition of 3PAR, and its storage technology market leaders, is an important operation for our customers and will strengthen Dell's position on these services," he said in its statement.Dell has until Sept. 20 to launch a public offer to acquire all the shares of 3PAR, "unless the offer is extended," he says.

The battle began last Aug. 16, when Dell announced plans to acquire 3PAR price of $ 18 per share. A week later, HP came out of the woods. Last Monday, the group also proposed 1.6 billion dollars against 1.15 billion for Dell. The suspense continues, therefore. And the recovery of 3PAR flies …

On Friday, shares of Hewlett-Packard bend 1.5% to 37.6 dollars in Wall Street, about 17 hours, while Dell shares advance 1.8% to $ 12. 3PAR him, flew 21.5%.

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Orange will launch its own tablet PC

Friday Aug 27, 2010

All hands to fight on the front of internet tablets. The Apple iPad, with more than 3 million copies sold in three months, is envious. For telecom groups, the return is that the cons-attack. And Orange is already in line. According to Les Echos, the telecoms operator feeds a very ambitious project at the beginning of school year: to "democratize" the market shelves.

How? With the launch by the end of the year signed a tablet Orange, whose price should be less exposed to 250 euros. This tablet 3G, equipped with the Android operating system from Google, would be manufactured by a "large Asian manufacturer," according to Les Echos.

The newspaper said that the tablet packages are bound to always study, but they would probably be closer to those keys that the 3G model chosen for the iPad.That is to say in the form of subscriptions with over-flow, rather than charging by the day, the volume of data. With a subscription package, the price of the tablet and Orange could fall under 100 euros, according to Les Echos. In comparison, the 3G model iPad the cheapest sells 599 euros.

"Several projects under consideration"

Reacting to this information, Orange said that "on the shelves, several projects are under consideration, particularly in France." The group also recalled that Stéphane Richard, its chief executive, had already said that Orange "would develop in the tablets by commercializing iPad". He had met the boss of Apple, Steve Jobs, last May.

For Orange, "sign is a way to regain control against the manufacturers," says the business daily. Because the foolishness of the shelf is only beginning.

Harvest new tablets

Even before the launch of the iPad last April, some blue chips have already announced their intention of cutting cruppers to Apple, including HP, Sony or Asus. By Christmas, a new crop of magic slates is expected. After HTC, Samsung, Motorola and Sony Ericsson, LG and Toshiba will launch their own shelves, also equipped with the system Android. Other players will join the fray in 2011, as Acer.

To win in this new balance of power, Orange must do better than the first time. Indeed, the operator has already attempted a breakthrough on the market shelves, there are more than a year, by launching a small portable screen and multifunction: the Tabbee. A product that has not really taken off.

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Unemployment is falling for the second straight month

Thursday Aug 26, 2010

Unheard of since the beginning of the crisis. This makes two months in July as the number of jobseekers registered in category A to decrease employment center. "One more and it will become a reliable trend," enthuses Laurent Wauquiez, the Secretary of State for Employment. The largest decline even since February 2008: 0.5%, or 14,400 fewer people unemployed in July after an initial outflow of 8600 in June "This proves we were right not to give up and focus on an active policy of employment," said Laurent Wauquiez. We must remain vigilant because the coming months will not all be as good. "

Another encouraging sign is the rising number of unemployed in class ABC (including applicants for employment who have worked more or less than 78 hours) slowed sharply in July. It was only 0.1% (5300 persons) in July, five to nine times lower than previous months.For Laurent Wauquiez, it is not just a transfer grade (from A to B and C) meaning that more and more unemployed people returning to work part time. "It is also linked to the resumption of temporary employment and job creation in the first half of IDUs," he justified. There are now between 2.69 and 4.21 million unemployed in France, according to the category selected.

The data for July also confirm the trend reversal on youth unemployment. The number of under 25 who are enrolled in July fell 2.8% in category A, on the ebb to 1.8% in one year. An exploit in crisis even if there is an increase of a level similar to category ABC showing that more and more young people carry a very part-time job until sustainable employment.Input side, the decline on a year because of enrollment for CSD (-14.5%), temporary mission (-14.5%) and redundancy (-31.1%) demonstrates that economy is indeed on the road to recovery. A feeling confirmed by the rebound of 3.6% of jobs collected in July.

Bond assisted contracts

Conversely, the social treatment of unemployment runs rampant over the past year: the release of employment center for internships have increased by 11.7%. Even finding the side of beneficiaries assisted contracts (Class E), the number has jumped from 45.5% in one year. "We remain below the number of contracts sold under Jean-Louis Borloo and Martine Aubry," qualifies the Secretary of State for Employment.

Three other flats are relative good figures for July.Senior citizens continue to register in mass (1.1% in one month and 17.1% in one year) and nearly 50,000 more to be pushed into the doors seven months of employment center. A downward spiral that Laurent Wauquiez hopes curb with the introduction in 2011 of a device "zero charge" for the hiring of a senior unemployment. On the other hand, the long-term unemployment is endless progress: + 0.8% in July, bringing to 36.2% the share of those unemployed for more than a year on average over 424 days ( 30 in ten months). Finally, the radiation increased by 7.3% in one month and 9% a year.

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Real estate is shaking Wall Street

Wednesday Aug 25, 2010

After closing down on Monday evening – the Dow has sold 0.38% to 10,174.4 points – Wall Street did not find this Tuesday, opportunities to redress the balance. Instead, the only indicator fell to 16 hours, is extremely disquieting: Sales of existing homes fell to its lowest level since 1995, to 3.83 million annual rate transactions, according to figures released Tuesday by the National Association of Realtors (NAR).

Upon publication of this indicator, Wall Street has plunged into the red, losing 1.48% to 4:10 p.m. at 10,024 points for the Dow Jones, which amounts to huge step towards the symbolic threshold of 10,000 points.

The broader S & P drops 1.61% at 1050 points and the Nasdaq, which includes technology stocks, yields 1.85% to 2120 points.

It was not until Wednesday to expect an improvement, both on the side of the promises of new home sales and durable goods orders.

Mergers and acquisitions are in full swing

If the bears seem to win now, but Wall Street is torn between the potential positive effects of mergers and acquisitions that animates it and the threats still facing strong economic recovery.

BHP Billiton (-1.94% to 65.83 dollars) is expected to announce on Wednesday a 50% jump in interim profits and strong cash flow with which it hopes to deter potential rivals to make an offer to buy out-cons the Canadian Potash Yet seeking a white knight eventually China.

The French pharmaceutical company Sanofi-Aventis and the U.S. biotech group Genzyme (-0.87% to 67.13 dollars) abut on the determination of a minimum price that would initiate the first comprehensive review of its accounts Target said Tuesday the Wall Street Journal in one hour payday loans.

If Genzyme and Sanofi seem to disagree on the French laboratory's initial offer to buy out U.S. biotech company, however the purchase of McAfee (-0.15% to 47.03 U.S. dollars) Intel (-1.02% to 18.51 U.S. $) continues to fascinate, like the stock market battle between HP and Dell in the acquisition of data storage specialist 3PAR.

The world of mobile phones, Nokia, and the giant American world of microprocessors Intel unveiled on Tuesday a joint research laboratory in central western Finland, they said.

American Apparel (-10.8% to $ 0.66), definitely ailing feared not being able to publish its quarterly results on time and to be delisted.

Disney (-1.70% to 32.37 dollars) could also react to statements yonni Sebbag, the boyfriend of a former employee of the giant media and entertainment Disney, who pleaded guilty to securities fraud Monday after stealing with his partner, financial records of the company and tried to sell to investors.

The dollar to its lowest against the yen

On the currency front, the dollar continued its fall Tuesday against the Japanese yen, down from 9:20 to its lowest level in 15 years, to come punctually at 84.14 yen, immediately after a briefing from the Minister of Finance , Yoshihiko Noda.


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Accor biggest sale of walls in Europe

Tuesday Aug 24, 2010

Accor is ahead of schedule of asset sales. On Monday, the hotel group announced the sale of the walls of 48 hotels for 367 million euros. The real estate transaction, Accor calls "major in Europe, which should be finalized by the end of 2010, includes 31 hotels in France, 10 in Belgium and 7 in Germany, for a total 6,300 rooms. It concerns 28 Etap hotels, 13 Ibis, Novotel and a SuiteNovotel 6.

These hotels will continue to be managed by the group under the same signs – there are 28 Etap Hotel, 13 Ibis, Novotel and SuiteNovotel 6 – under a variable lease for a period of 12 years renewable 6 times Accor's initiative, or 84 years total. The average rent will be equal to 19% of turnover.On the basis of turnover in 2009, the rent would amount to 22.4 million euros according to Accor.

Under the lease, the new owner will assume responsibility for structural maintenance investments in hotels, insurance costs and property taxes.

The deal includes a renewal program of 47.6 million euros, 33 million euros financed by the acquirer, thus enabling Accor to accelerate the deployment of new generations of rooms Etap and Ibis in a forty establishments.

Chief objective of reducing debt exceeded

This operation, carried out for 80% of the amount from the insurer Predica (a subsidiary of Crédit Agricole) and the balance at the corporation Walls Land (Land subsidiary of Regions), will have a positive aimpact 282 million euros 2010 net debt of the hotel group and three million euros per year on its profit before tax.

The group had announced in May a program to dispose of hotel assets amounting to 2 billion euros over the period 2010-2013. He then indicated that such transactions were to reduce its debt of around 450 million euros in 2010 alone and more than half of that amount had already been the subject of transfer agreements.

With 282 million euros announced today, Accor therefore exceeds its annual target of reducing debt.

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GDF Suez in the running for new purchases in Europe

Sunday Aug 22, 2010

Acquisition appetite GDF SUEZ does not dry up. The group chaired by Gerard Mestrallet formalized fortnight ago the takeover of Britain's International Power. This nearly 20 billion euros making it the second largest electricity producer in the world.

This does not prevent targeting a wide range of assets in the energy sector. In Poland in particular, where GDF SUEZ already developing the largest biomass plant in the world with a capacity of 200 megawatts. The group intends to seize tricolor maximum opportunities in this key country in Central Europe. This Friday, however, he was left out of the race for the privatization of the producer and distributor of electricity Polish Energa, estimated 8 billion zlotys (2 billion euros).The Polish Treasury, which has sold 83% of Energa, announced he had chosen for further negotiations between the Czech and Polish groups EMP has Energeticky Prumyslovy Holding.

However, GDF Suez is in the running for the redemption of the third group of the country's electricity, Enea. Currently owned 60% by the Polish Treasury and 19% by the Swedish Vattenfall, Enea is listed at 51% for a price that could reach around 1.2 billion euros, according to Polish daily Parkiet. It provides 20% of electricity in Poland and supplies 2.3 million homes.

Faced with financial

The Polish Treasury, which had suffered an initial setback in 2009 when the only bidder, German RWE, had withdrawn its proposal, would have received this time five bids.These persons, in addition to GDF Suez, would appear EDF, Iberdrola of Spain, Italian Enel and Polish Kulczyk.

In Germany, GDF Suez is very interested in gas storage sites, sold by ExxonMobil and Shell oil companies, reported Friday a close group. The energy giant would face in the battle for assets valued at one billion euros in financial sector competitors. The infrastructure management subsidiaries of Deutsche Bank, Axa and Prudential are also candidates. Germany, third largest market in terms of GDF Suez supplies gas, is the second largest source of storage for this resource. The energy company it already has 600 million cubic meters (m3) of storage, and it would, if he can buy the two sites Uelsen Harsefeld and northwest of the country, its total capacity to about 1.5 billion m3.But France, with 10 billion cubic meters, will remain by far, its first storage area for gas.

The proposed acquisitions are still the order of the day, recalled yesterday a spokesman for GDF Suez. The merger with International Power, mainly funded by transfer of assets, slightly affects the budget of 10 billion investment that the group has set for 2010. And in the first half, investments, acquisitions and development operations or industrial maintenance, were $ 5.5 billion.

Subtracting the transfers of assets in parallel, GDF Suez had yet to end June with a bonanza of 7 billion euros to invest.

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Pension reform in the National Assembly

Tuesday Jul 20, 2010

The parliamentary battle begins. The proposed pension reform concocted by the government will be examined, starting today, for three days by the Social Affairs Committee of the National Assembly. An important step, because it is the text version of the outcomes of these discussions will then be discussed in plenary session from September. However, given the still ongoing negotiations between the government and social partners, members of the majority will ensure the least possible to amend the bill.Objective: To give the government leeway in August and especially September, after the union mobilization of 7 to make concessions on the subject of harsh, assets who started working before age 18, or even polypensionnés as had already suggested Nicolas Sarkozy.

If 400 amendments have already been filed, most are from the opposition, and have very little chance of being passed. Even on the 80 from the UMP, only thirty probablelement be adopted, for instance on strengthening retirement savings. This strategy, as well as the refusal of the chairman of the committee, Pierre Mehaignerie, opening the debates to the public, provoke the ire of the opposition and unions, who believe that the three-day review that will not result 'in a mock debate.

Renunciation of certain amendments

Even some members of the majority, the coming days will gnaw their brakes. According to the rapporteur of the bill UMP, Denis Jacquat, the majority party will waive provide an automatic carry the legal age of retirement from 2018, so as not to inflame the debate, "It's a good question but it is probably not yet time to respond, "Denis Jacquet justified in Les Echos.

In an interview with the Tribune, Pierre Mehaignerie believes however that such amendment would in any case had no chance of being adopted. "I think the majority within the UMP and the New Center is not conducive to the filing of such amendment. It is very difficult to predict long-term parameters such as growth, productivity, determining the resources of pension schemes, "he says.According to Les Echos, Pierre Mehaignerie would otherwise also agreed not to make provision on the establishment of a fund financing the arduous, yet he advocates.

Despite the debate to proceed in camera, Pierre Mehaignerie chose to hold press conferences after each session in order to silence the controversy about the stifling of debate. At least one opportunity for the PS to hear his voice.

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Sony, Adidas and Coca-Cola World Winners

Sunday Jul 18, 2010

The winners of the FIFA World Cup are Spain, Sony, Adidas and Coca-Cola. Just as some teams were able to shine on the ground (Spain, world champion Germany, third, and some emerging countries) and others have left without glory (England, Italy, France, Brazil, Argentina), three brands have also won their World Cup. Sony takes the lead of companies with the most invested in advertising during the World Cup, Adidas has created the greatest impact in terms of sponsorship, and Coca-Cola was the brand most remembered by the French, according to a study published by KantarSport (ex-TNS Sport).

Net loss of 32 million euros for TF1

But if there is a figure to be learned from this study, the total advertising investment for French television: 101.08 million euros, barely two million more than in 2006 .What to surprising when one remembers that the team had reached France to the final four years ago. "Comparatively, this represents very nearly the equivalent of television advertising budget for Renault in 2009," Bruno said Lalande, director of studies pole KantarSport information.

The estimated advertising revenue earned by TF1 to about 55 million euros for a total investment of 87 million euros. Consider a net loss of approximately 32 million euros. "This loss is largely offset by record audiences drawn by the chain during the first two games of Team France," relativize Bruno Lalande. These two games against Uruguay and Mexico, which ended in a draw and a defeat for the Blues, had met respectively 14.9 million and 15.2 million viewers.And it is precisely the day the place these two games as the highest advertising investments have been made: 8.5 million euros on June 11 and 8 million euros on June 17 Although the final between Spain and Germany has generated "only" 7.5 million euros of investment in advertising for French television.

Sony takes advantage of the strategy of French Games

If one goes into more detail, Sony happens then top advertisers with the most invested in advertising during the World Cup with a total of 8.6 million euros, including 1.9 million after the group stage quick pay day loan. The Japanese brand ahead PMU (6.2 million) and McDonald's (5.4 million euros). The French Games that had happened in the lead after the first round does not even appear in the top 10."The French Games invests in advertising for the knock-out stages. The group had to achieve its objectives through the opening of the market for online games, "said Bruno Lalande.

In the war between suppliers, Adidas beat his perennial rival, Nike. "Adidas, with its visibility and paneled field teams, has provided benefits in terms of sponsorship, the equivalent of a global TV campaign with more than 250,000 30-second spots in over 210 countries. The victory of Spain for Adidas unleashed a veritable fireworks display media, "says Bruno Lalande. The icing on the cake sponsor this on television around the field when the final goal of Iniesta is another Adidas. Evidence that the supplier to the three bands can live without the France team. "The loss of the contract of the Blues is far from being a tragedy for Adidas.Quite the opposite, "says academic director of the pole information KantarSport.

Communications Coca-Cola bears fruit

Finally, the French brand that combines the most to the World Cup is Coca-Cola (57.96% of votes), ahead of Adidas (46.39%) and McDonald's (41.43%). Unsurprisingly? "Not that much, answered Bruno Lalande. For ten years we carry out these surveys, Coca-Cola was still behind Adidas. The powerful device of communication including the U.S. group via Youtube bearing fruit, as its survival as a sponsor of sport and World Cup soccer, "says Bruno Lalande.

Last but not least: media monitoring of the World Cup by the French. Contrary to what one might have thought, only 4% of French have followed the event via the Internet (Facebook, YouTube …) against over 64% watching television."The early elimination of the Blues had an impact on the consumption of the French media, which has significantly slowed the use of other media including Internet," says Bruno Lalande. Once the team he supports is removed, the fan tends to be less reactive to turn to the media like the Internet.

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BP could contain the oil spill by Monday

Sunday Jul 11, 2010

This is the most reassuring news announced by the U.S. authorities for more than two months. According to Coast Guard Admiral Thad Allen American to oversee cleanup operations in the Gulf of Mexico, BP should be able to contain 100% the gap in the well from which oil flows to by Monday. A new funnel, bigger than previous ones, is currently installed by the British oil.

This funnel, called "Top Hat Number 10", should recover up to 80,000 barrels of oil per day (12.7 million liters), against 25,000 now. The authorities are optimistic that based on their assessments, the well lost more than 60,000 barrels per day. The previous dome will be first removed. A large quantity of oil escape so well for 48 hours.But once the new funnel posed, the results will be immediate, promises Thad Allen.

Since April 20, the day of the explosion of the Deepwater Horizon platform off the coast of Louisiana, BP has increased its attempts to clogging, all unsuccessful.

No stop before August

BP was more cautious in its forecasts. Bob Dudley, responsible for managing the disaster, spoke of another scenario where difficulties in installing the new funnel could delay the time from Monday to Thursday.

But authorities are confident: "We have the climate we need," said Thad Allen. The admiral, however, required to calm the enthusiasm that followed the announcement. "I used the word 'contain' and not 'stop'," he commented.According to him, the well would not be closed as well as two-pass will not be completed free instant credit score. These wells, dug deep to inject cement and mud, should not be installed until mid-August. Once the leak stopped, the extensive cleaning and restoration of the ratings will continue.

Anadarko does not pay

On this last point, BP was again struck Friday denied Anadarko Petroleum. The company, which owns 25% of wells responsible for the spill, said she would not pay the $ 272 million that BP is asking her to cover their share of cleanup costs, according to U.S. law known pollution.

On June 18, the tension was raised a notch between the two partners lorsqu'Anadarko stated that the explosion of April 20 on the platform Deepwater Horizon, "was preventable and was a direct result of decisions and actions BP unthinking.

In another e-mail sent Friday, a spokesman for Anadarko, John Christiansen, however, felt that his group remained "committed to working in good faith with BP to reach a satisfactory resolution."

BP is now awaiting the response of Mitsui, which owns 10% of the wells. The British oil giant is claiming $ 112 million for cleanup costs.The company has not yet made its position.

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