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Traders are convinced, Schneider Electric is about to start his tour in the waltz of mergers and acquisitions. Concordant sources, the industry group has approached Tyco International. Schneider Electric had made a bid of about $ 30 billion (about 20.76 billion euros) to encourage the Swiss group of safety and engineering to come to the negotiating table.

Information that contradicts this Wednesday, the group led by Jean-Pascal Tricoire. Management refutes indeed in a statement "to be currently in discussions with Tyco International over a possible strategic transaction." This does not mean that no discussions never took place.This is a formal response to rumors magnified the last three days about a possible interest of the French group to Tyco.

Now that he has denied being in negotiations with Tyco, Schneider Eclectric is forced by regulators to abandon any attempt for six months supply on the Swiss.

A Tyco spokesman confirmed to the press to have received an offer

The assumptions were yet in full swing this morning. And for good reason: this merger would make the new entity the world's leading security systems.

A Tyco spokesman confirmed to the Wall Street Journal that "the board is studying the proposal," he received with surprise. The Daily Telegraph said of his side as the board of Tyco has given the green light to a process of "due diligence" (consultative accounts).The two dailies ensure that JPMorgan and Bank of America Merrill Lynch attended Schneider Electric since September on this issue and that the most likely hypothesis was an offer in cash and securities.

Schneider Electric has even considered issuing the CEO Edward Breen of Tyco a seat on the board of the merged entity. But according to the Daily Telegraph, Tyco would not be willing to accept an offer below $ 65 per share.

At the NYSE, the title Tyco soared more than 7.4% to 52.33 dollars on the rumors and was thus valued at $ 24.8 billion (about 17.17 billion of euros). Conversely, in Paris, Schneider Electric has lost 3.5% to 112.90 euros per share, representing a capitalization of 30.70 billion euros.On two days, the title of the electrical equipment manufacturer has won more than 7.5%.

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Europe is thought to enjoy the Brussels summit to finally turn the page of the debt crisis. But the Portuguese came psychodrama shake the building patiently put up for weeks by asking for a bailout forced march.

The pressure is growing on Lisbon and the Europeans will now cast messages without ambiguity. "We have the ability to help Portugal if we demand," said Thursday the Swedish Prime Minister Fredrik Reinfeldt. EU summit should also help expose the full range of response from the anti-crisis unveiled earlier this month, since the funds to rescue deal for the euro through the strengthening of economic cooperation.

The resignation of Prime Minister of Portugal on Wednesday night, has changed the program.The country's economic situation is so precarious that it will probably aid amounted to 75 billion euros. "If Portugal had never seek European support this size seems appropriate," says the boss of the Eurogroup Jean-Claude Juncker. By contrast, Greece has received 110 billion euros, and Ireland 85 billion.

Threatened by a new recession, Lisbon facing the distrust of markets with borrowing rates to 10 years beyond 7% over a month. Thursday Fitch downgraded two notches its sovereign rating because of "increased risks" facing the country's financing capacity.The situation becomes untenable with the approach of the two bond issues planned for April and June, more than 9 billion euros in total.

Constitutional deadlock

"We are obviously ready to step in and help, but it must first request of Portugal," insists the Belgian Finance Minister Didier Reynders.

That's where the rub: Jose Socrates is a headwind against the idea of ​​an international aid plan. Thursday in Lisbon, the spokesman of the government resigned hammered it "will continue to fight with all his might against the possibility of recourse to outside help." The electoral ambitions that keeps the prime minister did little to encourage reverse itself before its European partners. Especially it must be renewed this weekend at the head of the Socialist Party.

In this political agenda plus a legal headache for last minute very embarrassing for Brussels.The Portuguese Constitution would prevent a government in current affairs to engage his country on the path to a bailout. "The situation is institutionally blocked," sighs a diplomatic source.

Meanwhile, markets are losing patience. Early elections will not be held before end of May. Wait two months might give free rein to investor panic, with a key to the soaring rates, a heavier bill for the rescue, and increasing doubts about the future of the euro area. This is the scenario that the Europeans wanted to avoid the danger of reviving the plans after Greek and Irish. For the 27, we must find a loophole out of this unexpected situation. And reassurance in the meantime, the Lisbon commitments.

After a session of ups and downs, the leading index is rising again in Paris on Friday, gaining 0.26% in early trade at 4071.19 points. Yesterday, Wall Street has ended on a high note. For their part, the Asian financial centers are all clearly trending up. Despite rising pressure on the price of a barrel of oil, investors should follow the trend. The publication of results, generally of good quality, also maintains optimism.

Oil prices resumed their upward movement on Friday morning, the market doubts that Venezuela's proposal to find a solution to the crisis in Libya could succeed, analysts said. Libyan oil production has fallen by half because of the violence sweeping the country, announced Thursday the head of the government oil company NOC (Libyan National Oil Corporation) Shukri Ghanem.This morning, a barrel of light sweet crude gained 45 cents to 102.36 dollars. That of Brent North Sea was up 21 cents at $ 115.

On the macroeconomic front, all eyes should be turned to the U.S. this afternoon are expected when two important indicators that will give an overview of health status across the Atlantic, namely the employment figures and unemployment for the month of February (1430) and industrial orders for January (1600).

The euro at its highest in four months

As for currencies, the euro rebounded sharply against the dollar and the yen after ECB President Jean-Claude Trichet, hinted he might raise the rate by the European institution. At its monthly monetary policy meeting, the ECB has maintained, as expected, the rate at 1%.But the President has adopted to the press a very firm tone about inflation, stating that "strong vigilance" was needed.

Last night, the euro climbed to its highest level in nearly four months to nearly $ 1.40. Around 23 pm last night, the euro bought 1.3965 dollars against 1.3867 dollars on Wednesday at the same time, after climbing to 1.3974 dollars, a level unprecedented since Nov. 9. The European currency also climbed against the yen at 115.08 yen against 113.50 yen late Wednesday, after peaking at 115.15 yen, its highest since early November.

Areva more confident for 2011

Legrand – 4.95%, to 28.79 euros

Wendel (+ 2.91%, to 74.63 euros) jointly yield and KKR, as part of an accelerated placement, 40 million shares, or 15% stake in specialist electrical and digital infrastructure of the building.Yesterday the share closed up KKR of 1.61% at the New York Stock Exchange, to 1.61%.

Areva: 4.77% to 35.15%

The nuclear group has accused an operating loss in 2010, mainly because of a provision for the construction of the EPR reactor in Finland, but the specialist's public nuclear aims to grow its business in 2011. The Chairman of the Executive, Anne Lauvergeon, also said that the group did not need additional funds, especially after its capital increase to finance its development.

Hermes International boosts results

Hermes International: 1.09%, to 153 euros

The luxury group has announced an annual net profit up sharply from 46% to 421.7 million euros while its operating margin reached 27.8% of sales, "Best recorded performance by the group since its entry into scholarship in 1993, "says the label.Operating income also flies from 44.3% to 668.2 million euros. Sales, already known since early February reached 2.4 billion euros. The group psoposera a dividend of 1.50 euros, 1.05 euros under cons of fiscal 2009.

Eurotunnel: -2.03% to 7.17 euros

The operator of the Channel Tunnel was charged last year with a net loss of EUR 57 million which he attributes largely to the lack of insurance payments related to operating losses after the fire 2008. The dividend is still maintained at 4 cents, and management stated that if the recovery appears to be confirmed, it should remain as progressive segments. Eurotunnel expects its passenger traffic increase of about 3% in 2011.

Veolia Environnement: -1.61% at 22.63 euros

The company said net income fell slightly by 0.5% for annual sales up 2.5%.It aims to increase its recurring operating income 4 to 8% in 2011 by continuing its program of cost reduction (250 million euros of savings anticipated in 2011).In addition, 1.3 billion euros of asset sales are announced for the current year.

Ingenico: 1.94%, to 27.89 euros

The Grou announced its successful bond issue of 220 million euros, could be increased to 250 million, ocean-type.

IMS: 2.40%, to 15.36 euros

The group suffered an operating loss in 2010, a year marked by heavy charges, particularly related to the reorganization of the group and disposals of non-strategic stocks following the acquisition in July of Jacquet Metals.

EADS: 0.43%, to 19.86 euros

The parent company of Airbus, is close to deciding not to challenge the award of contract to Boeing $ 30 billion for the supply of tankers to the U.S. Air Force, said Thursday Sources familiar with the matter.The European aerospace group could announce the decision on Friday, putting an end to a battle of ten years on this contract.

Crossroads: – 2.4% to

The supermarket group has seen its vice president resign on March 1, due to disagreement with the strategy, according to the Tribune. For its part, the boss of the distributor, Lars Olofsson announced it would deploy its Carrefour hypermarket concept Planet throughout Europe from April.

Societe Generale

Lebanese Canadian Bank (LCB), a private Lebanese accused the U.S. of laundering money, will merge with Societe Generale said Thursday the governor of the Lebanese Central Bank, Riad Salameh.

Note that the calculation of the new composition of the CAC 40 was left unchanged the 40 companies included in the calculation of the benchmark index in Paris.Moreover, the general meeting of shareholders of Euro Disney could be an opportunity to learn more about the reasons for the surge in prices in recent weeks, including rumors of a capital input of a new shareholder.

All the ingredients to accelerate the timetable for increasing rates of the European Central Bank (ECB) meets in Frankfurt on Thursday its board of governors. Inflation reached 2.4% in February in the eurozone, a figure higher than the target of 2% of the European Central Bank, growth was also up, despite the debt crisis, to 1.6% in 2011, according to Brussels.

The ECB needs to update its forecasts Thursday for growth and inflation for the eurozone, is also banking on an increase in GDP to about 1.8% this year, against a backdrop of price acceleration."A hardening of tone is expected this Thursday, but not so much an imminent rate hike," predicts Gilles Moec, economist at Deutsche Bank in London, which considers more likely than ever a higher interest rate – set at 1% since May 2009 – in June, while most experts still expect September or October.

"Nevertheless, the ECB will act before the Fed," said Paul Robson, currency strategist at Royal Bank of Scotland. These predictions explain the sharp rise of the euro against the dollar over the past two weeks, amid soaring oil prices. On Wednesday the European currency climbed again and traded at 1.3873 dollars, against 1.3774 late Tuesday.

"Extreme vigilance"

If the ECB should adopt a more muscular speech on inflation, no rate increase is expected on Thursday. Jean-Claude Trichet has never taken the markets by surprise when it came to raise rates."At worst, it removes the benefit of unlimited liquidity to banks for three months," said Gilles Moec absolutely free credit score.

The words of the President of the ECB to discuss the trend of monetary policy will be scrutinized with particular attention. Jean-Claude Trichet has always weighed his words carefully to prepare the ground for rate hikes. One month prior to the act, he uses, in general, the term "extreme vigilance". On Thursday, he goes one step semantics in terms of "risks of rising inflation."

Two political events could upset the programmed cure: a political crisis in the Arab world such as a barrel of crude would fly sustainably $ 40. Which would not fail to derail growth in Europe.Another factor is a scramble to EU summit next week dedicated to dealing with the debt crisis, which plunged the euro area in the heart of the financial turmoil.

Portugal is trying to reassure Berlin

Portugal has managed to rise on Wednesday, one billion euros to six and twelve months – 2.9% and 4% – and to redeem 110 million of bonds maturing in April and June, at rates ranging between 1.5% and 1.9%. Both issues have attracted strong demand. The rates charged are slightly higher than those charged in February.

Despite rumors of a quick remedy to a bailout, Portugal always manages to refinance the short-term markets. Reassuring news for the Portuguese Prime Minister Jose Socrates, who was received Wednesday in Berlin by Angela Merkel.He reiterated that Portugal was "not need outside help" to cope with its difficulties. The Chancellor has however called for new measures against deficits.

More than a month after the fall of President Zine el-Abidine Ben Ali, two French ministers have visited for the first time in Tunisia on Tuesday. For this visit aimed at restoring confidence between Paris and Tunis, following a succession of blunders diplomacy, Economy Minister Christine Lagarde is accompanied by Laurent Wauquiez, the minister for European affairs. Officially, the European Affairs Minister Michele Alliot-Marie could not go to Tunis to issues agenda. She is currently conducting a two-day trip to Brazil.

"Trust between Tunisia and France has not been broken," assured in front of some journalists Christine Lagarde at the beginning of his visit to Tunisia a few hours low fee payday loans. "The relationship between France and Tunisia has for centuries made a lot of light, a little dark sometimes.We are clearly in a period of light for this country, "she added.

"We do not come to lecture but to listen to their needs," said his part the Minister of European Affairs, Laurent Wauquiez. He raised the possibility of increasing European funding and needed to establish a "Marshall Plan now for Tunisia, European and also global":

The player has to use the default items for export of figaro.fr FB

The trade union system is "not entirely democratic in ports." This is not the Secretary of State for Transport said that, but Francois Chereque, leader of the CFDT. Guests this Sunday of "Grand Rendez-Vous a Europe-Today in France", he stated that "since the liberation, we are in a single trade union, where it is the unions that are hiring, including the CGT . "When you have to evolve, you have corporatism which causes problems for economic areas," said Francois Chereque yet recognized. French ports were disrupted for months by strikes on the consideration of the hardship in the early departure to the retirement of certain categories of dockworkers.

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While the military is responsible for overseeing the anti-Mubarak revolt that has killed at least 125 dead and thousands injured for almost a week, several French companies in Egypt have decided to repatriate some or all their expatriates and their families.

In a statement, Lafarge has announced "the return of a dozen expatriates based in Cairo and their families, totaling one hundred people." The cement has to in the Egyptian capital of a regional hub covering Africa and the Middle East, which employs 70 expatriates and their families, about 200 people.The repatriation "for less than half of expatriates in Cairo Lafarge and a very small proportion of Lafarge management in Egypt," emphasizes the group that says that this decision has no impact on its activities in the country .

This decision is "temporary" said Lafarge. She is "taken out of caution, by attention to families and to reflect the international nature of some activities based in Cairo." Lafarge makes a little over 25% of its net sales in the Middle East and Africa.In exchange, investors have punished the group's exposure to the Tunisian and Egyptian revolts: the title fell to 48.29 euros on January 26 to 44 euros, a loss of nearly 9% in two sessions.

France Telecom and Credit Agricole

For France Telecom, which has 26 million customers in Egypt through its subsidiary Mobinil, the repatriation of expatriate employees began Sunday morning on a voluntary basis. The group's spokesman said France Telecom had many employees in Egypt, but only twenty expatriates, counting their families.

For its part, Credit Agricole announced the evacuation of expatriate families in Egypt. The bank said that a plane has been "specially chartered to repatriate families temporarily. In contrast, the ten expatriates that make up the group in Egypt "wanted to stay behind to run the bank.""We take no risks and monitor the situation closely," added the spokesperson for the group.

States rush planes

States also are beginning to evacuate their nationals best payday advance. After only advised against travel to Egypt, several governments have decided to charter aircraft for repatriation of their citizens. The United States, Australia and Japan are preparing for Monday, mimicking Saudi Arabia, Libya, Lebanon, India, Greece, Turkey, Canada, Iraq and Azerbaijan.

Japanese carmaker Nissan has also announced it was suspending its production in Egypt for at least a week. The group has a small production unit in the country at Giza (south of Cairo), where he assembled last year around 10,000 vehicles and 4X4 trucks.Toyota announced his compatriot cancel all business trips of its employees in Egypt, until further notice, but do not stop producing approximately 3000 vehicles on site 4X4 each year from 2012.

Russian groups also perform the repatriation of their nationals. The oil company Lukoil has evacuated fifteen expatriates and their families Sunday and gas producer Novatek plans to organize the evacuation of its employees on Monday.

Tour operators orchestrate the ballet returns

As for tour operators, they organize the early return of their customers. Gathered for emergency talks on Sunday afternoon, the Association of Tour Operators (Ceto) decided to suspend all departures to Egypt until Thursday, Feb. 3 included.

Particularly vulnerable to disturbances in Egypt, Club Med falling stock market: the title lost 4.29% to 16.75 euros on a market down by 0.22%.

Approximately 10,000 French residents in Egypt and, according to the Quai d'Orsay, "several tens of thousands of French tourists" could now be on site.

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LE FIGARO. – In what context did you start the audit on flight safety in your company?

Pierre-Henri Gourgeon. – We announced in the summer of 2009 that we were going to ask an external mission to help us advance our security. Our ambition is to make the best of what is happening in each of our competitors and to apply it. The day we will do what is best, what one does today, we can say that we reach our goal: to bring our performance in flight safety at the highest possible level of industry. Let me also clarify that this is not an audit of all: we are in all fields, in terms of safety standards and international standards.Our aim was precisely to put our flat organization and see where we could improve beyond the basic rules applied to everyone.

This mission is it related to the crash of Flight 447?

It is certain that the tragedy of the AF 447 has created a desire for change in management, but also the entire staff. The report's recommendations do not deal yet absolutely no accident that we do now know what causes. This is the first time that experts from outside a company come listen and have access to all of its services. We welcomed eight specialists undisputed international dimension. They have issued 35 recommendations on three key themes: our organization, our culture and individual responsibilities.We will apply the most.

What are the key reforms that will be launched?

Example, we will create a new track on ground support flights with a trade to which we give a new dimension: the art of dispatcher. It is a technical expert to intervene in ongoing operational support of our crews in all phases of flight. This craft will be deployed on all our long and medium haul flights. We will provide these professionals the best tools available on the market. This represents a considerable investment of effort by Air France. This new scheme will be phased into service with us at the end of summer, and all flights of the company will be involved in two to three years.It will enhance the safety of our flights, but also the robustness of our operations and responsiveness in case of contingency.

The international team with a strong Anglo-Saxon has probably noticed the cultural differences in the organization of your company.

The subject of unions, and their number of strikes has been raised by the external mission. In the United Kingdom and Germany, you have a single union of pilots who can discuss security issues with management of the company without election issue guaranteed online payday loans. In France, it is culturally more complicated.To take this into account, we created a joint committee comprising all proposals where the pilots' unions are discussed and where all the security measures in a spirit of professional cooperation.

What will you do to improve the skills of your drivers?

We will introduce a measure that, socially, would never last a few years ago, but has been accepted by our drivers, who are well demonstrated great courage and genuine humility. The Line Operations Safety Audit (LOSA) will conduct a thirty pilots of the company to move into our cockpits until March 2011 and to observe everything that's going to improve our overall safety and operation.Air France is the first major European airline to implement the compliance program, which, beyond the pilot, affects all trades company.

The company management and wider governance are they subject to development?

Yes, we created a committee of safety of flights on the board of directors. This was one of the preliminary recommendations of the external mission. The existence of this new committee to track the highest level of the company all safety indicators. We have also appointed a security officer at the Air France Group. This person will be responsible for monitoring the implementation of our standards of safety within our subsidiaries Britair, Regional and Citijet.In general, we must create more bridges between departments and ensure that safety culture is stronger, even among the ground staff.

Investigations into the AF 447 takes you perhaps take further measures. Are you optimistic that will then start a new campaign's research unit?

We hope that the fuselage will be found, because we absolutely want to know what happened. People working on this campaign are very optimistic, but they were already in the previous season. We must remain cautious. Will we find the black boxes from the plane? Will there be the use? Do we understand what really happened? It is difficult to answer in the affirmative prior to these three questions, but it is our wish. This accident was a real grief for our group.In response, all of us pilots, flight attendants, mechanics, ground staff at all levels, we all want to be the best student and add new pages to the book of aviation safety.

Seated on either side of the fireplace in the Oval Office, Barack Obama and Nicolas Sarkozy made a brief statement Monday, after a working meeting of about an hour on the issues of the G20, which takes place in Cannes in November . Besides the sacred union against terrorism, Obama has assured France's support for the G20.

Very warm, multiplying words of friendship and consideration for the French leadership on these issues, Barack Obama was careful not to give any pledge on the specific issues that are defended by the Elysee. The U.S. president has said that "too many imbalances" in the world, without specifying their nature. "France and the United States will make proposals on currencies and commodity prices," assured his side Nicolas Sarkozy.

The issue of foreign exchange spot, however, Washington on the defensive.Nicolas Sarkozy has repeatedly criticized the role of the dollar, global currency and reserve currency, driven without consulting with trading partners of the United States. Washington believes that emergency money is more on the side of the euro area still mired in the debt crisis. The United States has repeatedly expressed concern about this, pushing the Europeans to agree in an emergency. On Monday, Nicolas Sarkozy has sought to reassure Barack Obama and U.S. Treasury boss Tim Geithner, the "efforts of European partners to bring more European Governance by the end of the year," slips a collaborator of the French President .

Openness and frankness

Long considered by Paris as an opportunity to define a "new Bretton Woods," the G20 in 2011 is now presented by the head of state with extreme caution."We are only at the beginning of the G20, which has really only started in January. We must go forward step by step, by setting very specific goals, "warned the president's entourage. The first step is to "pass the seminar with China in March," it warns. The latter welcomed the "frank" and "openness" of Barack Obama, and the presence of any U.S. president's team around him during this interview. "This has prevented misunderstandings," said a relative of the head of state, and that when making appointments to the White House open to business circles close to Republicans, known for their open hostility to the French proposals in regulation.

"We have also come to reassure. No, we do not want to make revolution and we lost in stratospheric proposals. No, we do not want to destroy the dollar.No, we do not want a fixed exchange rate on raw materials, "summed up one senior source in the entourage of Nicolas Sarkozy. Even if the United States remains very skeptical about the need to regulate commodities, the discussion on Monday was "good," said the Elysee, "They want an attachment to the market price, but they understand the need a transparency about the state of stocks of raw material to avoid speculation, and they are open on the regulation of products derived from raw material. ".

Accompanied by his wife, Carla Bruni-Sarkozy, and Foreign Ministers Michele Alliot-Marie, and Economy Christine Lagarde, Nicolas Sarkozy then continued the conversation with his U.S. counterpart at a luncheon focused on diplomatic posts.

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New outbreak of labels in civets. The packets of cigarettes are sold on average 30 cents more from this Monday, up about 6%. The ministerial order determining the increase, which comes almost one year to the day after the previous increase, was published Saturday in the Journal Officiel.

Baroin confirmed by the Minister of Budget, mid-September, this translates into higher prices for the state by 660 million euros in additional tax revenue per year. Thus, according to Bercy, the revenue of the State under the law of tobacco (excluding VAT) are expected for the first time in 2010 exceeded 10 billion euros.These funds are mainly allocated to the social security budget and will be distributed among various funds.

An increase in "moderate and reasonable"

For Baroin, responsible for registering price changes desired by manufacturers, this increase is "moderate and reasonable" and therefore consistent with the Cancer Plan 2 of President Nicolas Sarkozy. An argument is unconvincing associations fight against smoking, that an increase of less than 10% has no effect on consumption, and therefore on public health, then that smoking causes 60,000 deaths a year France.

On its website, right of nonsmokers (DNF) even asks the government and the president of preferring "an increase of 60 cents every two years" rather than "small increases of 30 cents per pack of cigarettes each year. "French Office for the Prevention of Smoking (OFT), "this increase requested by the tobacco industry is calculated to the penny so as not to reduce consumption."

Tobacconists fear yet the impact of this increase in tobacco prices instant payday loan. According to them, it's not just a "dance labels. With this increase, "it is a network that could pitch," said the Confederation of tobacconists. For the profession, rising rates could "restart the procurement of cigarettes outside the formal network. That is to say across borders (Spain, Belgium, Germany) where cigarettes are 20 to 30% cheaper in a hurry or on the Internet.

Fears tobacconists

According to Pascal Montredon, the patron saint of tobacconists, "18-20%" of cigarettes smoked in France were not purchased in any of 28,000 tobacconists.He requested a formal study on this phenomenon. For their part, manufacturers evaluate different surveys between 12 and 22% off purchases of the official network.

On 9 November 2009, tobacco prices had already étérelevés about 6% increase already criticized by anti-tobacco as too weak to be effective in terms of public health. This increase was also not significantly changed tobacconists qui sales fell by only 0.2% over the first eight months of 2010 compared to 2009. Data dubaromètre health 2010 show that tobacco consumption has increased by almost 2% between 2005 and 2010.

MPs recently rejected an amendment by Yves Bur proposing to overtax the profits of manufacturers. Next step, photos shock will be mandatory at the back of every packet in April. And the government continues to consider a generic package, without any logos or color.

(With AFP)

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