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Change at the top of ERDF, a subsidiary of EDF in charge of distribution. It Michèle Bellon, previously Director General of Dalkia – the joint venture with EDF and Veolia – who will succeed Michael Francony. An appointment will be approved at the supervisory board scheduled Tuesday, March 16. For Henri Proglio, the new chairman of EDF, distribution is a crucial topic. At the point of throwing a bomb in evoking the idea of separating employees common to EDF and GDF Suez in charge of this activity. "The teams ERDF complain of a lack of ambition and the sense of not really being part of the group. They also undergo feedback from customers regarding service quality deemed inadequate. Finally, teams must share sensitive business information with their main competitor, GDF Suez.On arrival, all this is very much ", said Henri Proglio earlier this year (read the Figaro, February 12). In other words, the roadmap looks Michèle Bellon particularly busy.

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U.S. markets should open in green on Friday, supported by the employment figures less bad than expected. The United States has in fact lost 36,000 jobs in February than in January and the unemployment rate the country has remained stable at 9.7% this month, according to the official report on employment released on Friday, while analysts expected a decline. The future of Dow Jones advance of 0.64% at 10,495 points, the S & P 500 rose 0.09% to 1131 points and the Nasdaq's 0.11% to 1871 points.

U.S. investors should be reassured by the Prime Minister's announcement that China has promised a 8% growth for China this year.Thursday, Wall Street closed higher on a comfortable, supported by bearings recommendations.

In addition to the employment figures U.S., those of consumer credit in January, will be published in 21 hours.

As for currencies, the euro fell sharply Friday against a dollar backed by the release of employment figures in the United States, and reassuring the operators on the strength of the recovery of the world's largest economy.

Values follow

Microsoft: The software giant said Friday it would stick to its strategy of developing the market for search engines in China, whatever the outcome of the dispute between Google to the Chinese government.

Blackstone: The investment fund is hoping to complete an initial transaction in Australia this year and also studied business in Japan and South Korea, each operation may be about 100 million dollars, said an official with the group.

Marvell Technology Group: the chip maker reported a 64% increase in its turnover, thanks to a recovery of expenditure within the sector, to 842.5 million dollars against 842 million expected on average .

General Growth: The title of the second American owner of shopping malls start to be traded on the New York Stock Exchange under its old symbol GGP3 while the group is still under bankruptcy.

The NYSE has hesitated. It finally ended in the red on Wednesday. After rebounding said yesterday (1.52%), the Dow Jones lost 0.20% at 10,038 points. The Nasdaq lost 0.14% to 2148 points and the S & P 500 fell 0.22% to 1068 points.

The wait dominates before confirmation of support from the European Union to Greece. Investors await the meeting of European heads of state tomorrow Thursday after which a European financial aid for Greece should be announced. But doubt persists. "In another hour it was announced that EU countries have agreed in principle to a plan of aid to Greece and then they deny this information," says Patrick O ' Hare, the financial website Briefing.com.

The dollar begun to rise again against the European currency: 1 Euro 1.3732 U.S. dollar is exchanged.Raw side, the barrel of "light crude Texan" is 0.63% to 72.99 dollars on the New York Mercantile Exchange (Nymex).

So probably mingles the concern over the remarks of Ben Bernanke. This has not announced any increase in rates but this is considered soltuion. The discount rate will he, as the statement implied the rumor in the markets in recent days.

Regarding statistics, the trade deficit the U.S. has continued to widen in December, rising by 10.4% compared to November, while analysts expected him to be reduced.

Walt Disney released Tuesday

After Hours, Tuesday, Walt Disney (-0.60% to 29.66 dollars) has released stable profits over one year to 844 million, or 44 cents per share.But excluding special items, earnings per share were 47 cents against 39 cents expected by analysts.

Airgas Inc. (-0.29% To 61.17 dollars) has rejected a hostile takeover of Air Products & Chemicals, describing it as "inadequate".

Arcelor Mittal, the world's number one steel, said it earned 118 million dollars over the year 2009. But the current financial year looks difficult. The U.S. market (-7.43% to 36.56 dollars) endorse the title in Paris.

In addition, Micron Technology (-6.72% to 8.48 dollars) announced it would buy Holodings Numonyx, a producer of memory cards, for $ 1.27 billion.

The bank is not affected by ads for Ben Bernanke.JP Morgan Chase (2.37%), Bank of America (2%) and Goldman Sachs (1.36%) support even though the odds.

Baidu (+9.27% to 475.35 euros) reported a fourth-quarter earnings up 48% to 62.7 million. The competitor Google (-0.08% to 535.95 dollars) in China publishes a profit of $ 1.8 per share.

Dell (+1.99% to 13.52 dollars) has been "upgraded" by Bank of America-Merrill Lynch to buy from neutral.

The Japanese automaker saw decidedly dark days. It's Honda's turn on Wednesday recalled more than 400,000 vehicles, after the Toyota case (1.39% to 75.64 dollars).

And Omnicum, a direct competitor of Havas, which was pleasantly surprised by France, issued a profit decline of 87 to 73 cents per share. The title is almost stable (1.42% to 35.75 dollars).

Review of the week, still not good on Wall Street. The flagship index of the U.S. coast, the Dow Jones has sold more than 1.3% over the last five sessions. On the month, it lost 3.5%, its largest monthly decline since February 2009. And from the peak of the year (January 19) at 10,725 points, it dropped 6.1% …

Note that the volatility index rose more than 4.3% on the session. This shows the nervousness of investors.

But Friday had sounded like a new breath of oxygen. The U.S. indices had opened up, certainly not stupendous, but reassuring. Investors initially reacted to the GDP growth of 5.7% in the fourth quarter of 2009. Note however that the whole of 2009, GDP fell by 2.4%.In addition, a new series of good quarterly results have agreed.

According to Christian Parisot, head of economic research at Aurel, "this figure is reassuring for markets and for the future." But that rebound is partly 'technical', relativize does. He explained to the tune of 3.4 points from a "stock effect". Croissancedu the fourth quarter will be weaker in the first quarter of 2010, he said.

Still missing, the index fell

Then the breath was cut. The indices have regained some equilibrium after 20 hours (Paris time), then slid into the technological rouge.Les weigh heavily on the trend. So that finally the Nasdaq plunged 1.45% at 2147.3 points. The Dow Jones dropped 0.52% to 10,067.33 points, under 10,100 points. And the S & P 500 dropped 0.98% to 1073.9 points.

Yet, at 15.45, the figures of industrial activity in the Chicago area for January were pleasantly surprising: ISM index rose to 61.5. Then, ten minutes tardn it was the turn of consumer confidence as measured by the University of Michigan to give pleasure: it has been revised upward to 74.4, reaching its highest level in two years.

The Dow Jones had already ended on a Thursday this very negative (-1.13% to 10,120 points), leaded by the disappointing statistics. Applications weekly unemployment benefits fell during the week ended January 23 (to 470,000) but less than expected. Similarly, orders for durable goods in December increased more slowly than expected (+0.3%).

Yesterday evening, Ben Bernanke has been extended for four years at the helm of the Fed. The markets saw his appointment as a continuity of monetary policy characterized by very low rates.On the same level, China has also sent positive signals to the market today. The Chinese central bank reiterated that it would maintain a "moderately flexible monetary control.

Microsoft guest star

Even the good performance of Wal-Mart (1.52% to 53.4 million) and The Home Depot (+2.5% to $ 28), failed to halt the downtrend.

It is largely explained by the decline in technology stocks. The index closed at losing more than 1%. Apple heavyweight, with a decline of 3.6% to 192.12 dollars, under pressure since he revealed his "Ipad.

The computer giant Microsoft has published the results of its second quarter lagged 2009/2010 after Exchange Thursday, with a turnaround in net income of 60%, to 6.66 billion dollars.The stock has lost 3.36% to 28.18 dollars.

Amazon also announced after market close a net profit in 2009 up 40% to 902 million. The fourth-quarter earnings soared 71% to 384 million. Turnover was 24.51 billion dollars, or 28% more than in 2008. In exchange, the share increased to $ 132 before subsiding, then fall from 0.49% to 125.41 dollars.

Mattel (-1.2% to 19.8 dollars) released before market on Friday, a dramatic increase in its earnings in the fourth quarter: 86% to $ 328.4 million. Over the year the Group achieved a profit of $ 528.7 million, up 39% as well, which reduced per share amounted to $ 1.45 against expectations of 1.24 dollars.

The maker of automation and appliances Honeywell issued before market also net income group share declined slightly (-1.3%) to 698 million in the fourth quarter, in line with analysts' expectations. The title has sold 3.04%, to 38.61 dollars.

The oil company Chevron (-1.68%, to $ 72) on Friday issued a 2009 annual profit fall of 56.2% to 10.483 billion dollars, due to falling prices and pressure on margins .

Furthermore, the group of French telecommunications and media company Vivendi sued by shareholders ruined by its near-collapse in 2002, was convicted of misleading communication. Its CEO at the time, Jean-Marie Messier, has instead been milled.

After rising prices of cafes and restaurants in November and revealed Tuesday by INSEE, they were not going to Bercy auspiciously. Yet, while recognizing that these figures are not up to the commitments, Herve Novelli has not enjoined Tuesday to go further in the final statement he prepared to lower the VAT in catering. Aware of the difficulties of independent schools, the secretary of state for trade and was merely asking restaurants to moderate their rate increases at inflation for the year 2010.

The prices charged by restaurants and cafes have indeed increased by 0.1% in November, according to Insee, an increase equivalent to that recorded by all consumer prices.A study of services Bercy, 55% of restaurants only have indeed lowered their prices in line with commitments made in consideration of the reduction in VAT. In total, since 1 July 2009, a rate cut by the restaurants alone amounts to 1.41%, while that seen in cafes amounted to 0.95%, INSEE showed. These figures are actually far from the 3% who had committed coffee shops since July.

If the price cuts and hiring remain "midway" of stated goals, Herve Novelli Welcomes however, the wage agreement reached Monday by the social partners in the sector.Described as "historic" for the many benefits it provides to employees – annual premium of 500 euros, two days of additional leave, starting salary grid systematically 1% above the minimum wage … – it remains fragile, the main employers' organization has so far refused to sign.

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