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IPO or sale of minority interest. Two solutions for a project that would be seriously considered, according to agency Bloomberg. GDF Suez would reflect in effect opening up the capital of its exploration-oil production. The group plans to finance and investments and acquisitions to double its gas reserves and oil and to cover its annual in-house by 5% to just over 10%.

A source quoted by Les Echos confirmed that GDF Suez is considering an IPO. "It's food for thought for developing and strengthening this profession," says this source.The energy group mandate in this case an investment bank to prepare a listing in Paris or London, according to Bloomberg.

GDF Suez leads working on three projects

For its part, La Tribune said that management would have ruled this runway, and would focus instead on the sale of a minority stake to investors insitutionnels payday loans for self employed. The group intends to retain control of the industry.

IPO or not, this operation is part of the program sales of 4 billion euros of assets this year decided by management after the acquisition in December of britanniquer International Power.It would especially accelerate the development of GDF Suez in an activity where it is present since 1994 and for which he has achieved a turnover of 1.5 billion euros.

The group is the operator of a gas field in Norway, but it is also a co-partner in a project in Algeria which will produce 4.5 billion cubic meters of natural gas per year and for which he has invested 2, 3 billion euros. Finally, with the Australian group Santos, GDF Suez wants to create a liquefaction terminal offshore in the Bonaparte Basin, a major gas regions of Australia.

For his last press conference before the end of the year in Brussels, Nicolas Sarkozy has delivered an impassioned plea for the euro, referring back to back two potential presidential candidates: Dominique Strauss-Kahn and Marine Le Pen . The former because it was observed that the response of European leaders to the crisis of the euro is probably inadequate to meet market pressures. The latter because it calls out of the eurozone.

While Europe is trying to present a united front to reassure investors, the warning of "DSK" had more qu'agacé the presidential entourage. "To say that markets are faster than the European, for sure," replied the French president in response to warnings from the IMF chief.By swallowing the commentary Dominique Strauss-Kahn at the mere "evidence," Nicolas Sarkozy has also suggested that "DSK" was undermining the EU's position is already precarious. "When there are computers that take orders in a few nanoseconds, and that people in the markets following the short term and indulge in speculation," he continued, it is obvious that markets are always ahead. "

Economic government

After this development to the attention of pet polls for the 2012 presidential election, Nicolas Sarkozy responded to a question on statements sovereignists Marine Le Pen, who wants a way out of the euro."When one handles such ideas, we are not responsible and not reasonable! The euro is at heart of European construction, there were fifty years of efforts of visionary political leaders to build peace, "said Nicolas Sarkozy with gravity. "Who can believe that France would be stronger? France has a debt, imagine what would happen! "He pressed, citing the risk of soaring interest rates in case of devaluation.

Nicolas Sarkozy's plea was nevertheless accompanied by the reassertion of a hobbyhorse of France: the need for a European economic governance. "We should go further to say in the euro zone convergence of economic policies," he said, referring to the joint statement with Angela Merkel in Freiburg last week."We should work towards establishing an economic government for the euro area," Sarkozy continued. This means, in short, it will "address the competitiveness gap" between countries. He immediately said it would not result only from efforts to reduce deficits. "There is a policy of innovation and research, harmonization of the status of universities" which are other possible runway, said Nicolas Sarkozy.

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Slightly better but still unsatisfactory. The results of the second internal investigation into the degree of involvement of employees of EADS, Airbus' parent company, 15% of them said they felt only "involved" in their travail.Dans a letter Wednesday to 119,000 employees of the giant aerospace, defense and space, Louis Welsh, president of EADS, note that the rate of participation in this vast internal survey led by Gallup improved 10% since 80% of them responded to the survey, 22,000 people more than in 2009 when the first survey. Another positive signal for the direction of the group, "the significant increase from 10% last year to 15% this year, the total number of employees" involved in their work, which "deserves to be underlined, writes the president of EADS.

But, he admits, "we recognize that much remains to be done.""The survey shows the need to intensify our efforts to enable everyone to understand clearly what is expected of him. We also need to pay more attention to the quality of dialogue between managers and individual members of their teams, "says Louis Welsh. Despite a plan of management training provided to 4400 members of the coaching group, the troops believe toujoursévèrement their superiors more concerned by the projects and financial performance by their teams quick pay day loan.

"Unable to change things in a year"

Officially, the EADS management is not surprised with the result – still disappointing – this second investigation. "It is impossible in a group as big of a difference in one year. Especially as you work on the emotional feelings and therefore humans, "said-there at the group's headquarters in Paris.EADS will continue in 2011 the action plans to management level "where things started to happen" but also at lower levels where "we have not felt the wind of change". In the future, human management is reflected in the variable portion of compensation of managers who are rated by their teams.

Remains that employees show their loyalty, their desire to remain working within the group and pride vis-à-vis the products and services developed by EADS. But they suffer from a lack of recognition. "We must continue our efforts at all levels to develop a work environment more satisfying and challenging for all.(..) I invite you all to think and work together across organizational boundaries and geographical, "writes Louis Welsh inviting employees to ask their questions at its next CEO EADS chat (conversation with CEO) on 20 December.

After a month spent in hospital, the German finance minister, Wolfgang Schäuble, was in Paris on Tuesday to celebrate the twentieth anniversary of the reunification of Germany, before an audience of students, scholars and politicians gathered for the Used at the Sorbonne. Negotiator of the treaty of reunification in December 1990, a pillar of the Christian Democrats, German Finance Minister Angela Merkel has used his visit to Paris to discuss the highly topical, especially the debt crisis in the euro area.

Ardent advocate of financial orthodoxy, and strong supporter of strong medicine to cure the ills of Euroland, Wolfgang Schäuble has detailed his vision of the mechanism for resolving crises, decided last week by the European Council.The bloc have agreed on principles, but have left two months to reveal its details, which does not fail to worry the markets.

Unsurprisingly, Wolfgang Schäuble defended a vision of strict European rescue mechanism. In addition to financial penalties, it is favorable to the deprivation of voting rights in the European Council for countries that do not meet the fiscal discipline imposed by their peers. The term "orderly bankruptcy" when he was in favor recently, is more pronounced.But the minister openly calls for "a tool for sovereign debt restructuring involving the private sector."

If he recalls that "disorderly debt rescheduling should be avoided", he believes that "States that are experiencing financial difficulties can not be expected that the Community aid without conditions."

After 2013, the European rescue will no longer be synonymous with full insurance, as is currently the case with the Fiscal Stabilization Fund paperless payday loans. "The private sector must be a central element of the mechanism," he assures.Holders of bonds receive a risk premium, but in case of crisis, they actually have to bear this risk, the household at the same time the taxpayer. "Stop the speculators

Leaves to increase the volatility of markets, which fear capital losses for holders of government bonds on the occasion of future bailouts, Wolfgang Schäuble emphasized: "Monetary union was never designed as a model enrichment for financial speculators. This is not a system of distribution from rich to poorer countries as part of a union transfers. "The German version of the next amendment to the treaty is put. It will be negotiated by the next European Council on 17 December.Attached to the clause "no bail out" (principle of non-bailout) that will go down in the Treaty, Berlin wants to add a mechanism for restructuring, which will not allow free private bond holders, including banks and insurance.

Wolfgang Schäuble has also benefited from his presence in Paris to defend the excellence of German economic model, based on exports and competitiveness, but criticized in France because it neglects the wages and consumption. "Germany has imposed structural reforms that have contributed to the competitiveness of the European Union," he said. A polite way of saying that Germany, with its renewed growth will not abandon his model, the displeasure of his neighbors.

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After an initial call to order the Labour Minister Eric Woerth last week, it was the turn of Christian Estrosi, Minister of Industry to bang your fist on the table. It has signaled its intention to partner the State to a complaint filed against American automotive supplier Molex by former employees of one of its plants.

Molex recently announced it would stop funding the social closure of the plant as the complaints about the tribunal were not withdrawn. 188 of 283 employees of the factory automotive connectors Villemur-sur-Tarn (Haute-Garonne), closed in October 2009, have decided to challenge their redundancy. Nineteen representatives of staff, dismissed six months later than the rest of the 283 employees of the factory, and still leave reclassification until January 2011, are the main victims of the decision of Molex.Former employees of the plant have already announced plans to take legal action.

Thursday Estrosi said he wanted to "put pressure Molex (bad credit pay day loans. ..) so it pays the amounts due, noting that US-Molex's behavior was" not in conformity with French law " . He "decided to ask the liquidator to carry (…) to an action for damages for lack of assets against Molex, (…) and pledged that the State supports this approach to the liquidator J. ", told AFP a spokesman of the ministry, confirming a report in Le Parisien.

Christain Estrosi also pledged that the State will make all payments to former employees of the plant Villemur, according to the plan office.The former secretary of the CGT works Molex, Denis Parise, has lamented his side a civil and not criminal, stressing that the process would take more than two years.

(With AFP)

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After the fifth day of action since late March against the pension reform, a clear line separates the central unions.

There is one side the "diehards" who hope no progress senators. FOR, FSU and Solidarity (SUD) are calling the "withdrawal" of the bill, "non-negotiable, non-amendable" to them. These three centers offer to move to the next level and call for renewed strike. CGT rocking slowly in the camp, while not requiring the withdrawal of the text, and relies on the mobilization to roll back government.

While rejecting this reform "unfair and unequal", the other unions are expecting a number of advances to the Senate. "They understood that the government would not back on the fundamentals of the law and they try to improve at the margin", decrypts an expert in social relations.This is particularly the case of the CFDT, a duet with the UNSA.

"Elected officials are saying that we are right"

The plant led by Francois Chereque wishes to grant to all employees, automatically, a year "free" premium for ten years of exposure to psychosocial strain at work (night work, noise, vibration, contact with carcinogenic … ). It also calls for maintaining 65 years of retirement without discount, at least for women and casual workers for careers fragmented. This measure would cost about 3 billion euros per year, with the Central Reform also proposes to save by limiting the increase of 10% of the pensions paid to fathers and mothers of three or more children. "We can redeploy unfair to finance family benefits some progress," explains Jean-Louis Malys, M. Retreats CFDT."There's a real openness on these issues," he hopes. Senate President Gerard Larcher, has been an open time for reflection, but the Elysee slows the four irons.

The CFE-CGC plays his own music.She seeks to create new resources, as in the public, a "shield retirement guaranteeing private sector employees a specific replacement rate (pension amount from the previous salary).

The union executive has two other claims: taking into account the contribution period, years of study or, alternatively, qualifying periods (the Assembly has agreed in principle but referred its terms of entry in force to a report published in 2011 by the government) and the abolition of the income ceiling for receiving a widow's pension in the private sector (which prevents widows and survivors earn income from work).

Two themes "on which many politicians from the majority tell us that we are right," says Daniele Karniewicz, the representative of the CFE-CGC, but not among the flexibilities envisaged at the Elysee."For the Senate to show that they have a genuine autonomy, as they claim," says Daniele Karniewicz … without excessive optimism.

Finally, the CFTC hopes to persuade senators to raise the CSG and allocate the resources generated in the pension industry.

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In three hours, the CAC 40 has lost more than sixty points. And this is probably not finished.

By early afternoon, a newspaper Ireland, the Irish Independent quoted a note from Barclays Capital, which said that Dublin could be called 'outside assistance' if the financial sector were to blame for new or unexpected losses macroeconomic conditions continue to be more than expected deterioration in the months to come. "Financial markets are worried about rates higher and higher with which Ireland places his paper," says Renaud Murail, managing board of Barclays stock. When investors cease to subscribe to Irish emissions, a scenario in greek "is possible. It was not until a statement of the IMF ".

Subsequently, the morale of U.S. households has, against all expectations, deteriorated in September, the index falling to its lowest level in more than a year partly because of fears about jobs, according to preliminary results monthly survey of Thomson Reuters-University of Michigan released Friday. The index of consumer sentiment stood at 66.6, its lowest level since August 2009, against 70.0 expected by economists surveyed by Reuters. It was 68.9 in the last month.

Around 16h30, the ACC lost 0.54% to 3716.04 points. From the start, clinching the index 1.12% to 3778.24 points, while he was ironed Thursday night under the 3750 points.

This Friday is the day of the "four witches, known to amplify the movement, up or down.

This morning, Asian stock markets resumed beautiful colors.And yesterday, Wall Street has ended with small gains while the index future point already rising sharply. If the CAC 40 should follow the positive trend in the markets, both large maturities of the day will take place this afternoon, with the publication of inflation in August and consumer confidence index (Michigan) respectively to 14.30 and 3:55 p.m.. Yesterday, the Atlantic, the mail group FedEx, considered a barometer of activity in the United States, issued disappointing forecasts, which could fill the atmosphere on Friday.

In France, no major announcement is expected and the euro area balance of payments should be known in 10 hours.

After passing the $ 1.31 just before noon, the euro resumed its decline, averaging $ 1.30.

No decrease in the CAC 40

Crossroads outperforms the market, up from 5.74% to 40.44 euros.The group presented a plan to revive its hypermarkets which should cost about 1.5 billion euros. By early 2012, the number two global retailer plans to convert or renovate its 500 hypermarkets in five countries as France, Italy Spain, Belgium and Greece. The group is also considering the future of its deep discount.

Always on the CAC 40, the bank is well oriented including Credit Agricole rises of 2.23%, Societe Generale, 1.22% and BNP Paribas, 1.16%.

Renault (1.22% to 36.115 euros) proved more upbeat Thursday about the evolution of European market in 2010 than it was in July.He believes that the market decline will be closer to 7% to 9% in 2010.

GDF Suez (+0.42% to 25.995 euros) and the Italian ACEA said Thursday it had reached a preliminary agreement to settle their dispute over their association in Italy.

Out CAC 40 climbed 2.27% Auplata to 3.15 euros, while gold has registered a new record Friday morning at over 1280 dollars.

Traffic ADP (1.22% to 59,85 euros) increased by 1.4% in August compared to the same period in 2009. On the first eight months of the year, passenger traffic declined 0.8% compared to the same period last year.

Icade (1.64% to 80.70 euros) has announced the distribution of an interim dividend of EUR 4 per share dividend credited to 2010. The detachment of the interim dividend will be September 23, 2010.The land was announced in late July that it would distribute a deposit "of at least four euros."

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With the start of the season back taxes. It was then that households receive in their mailbox the tax notice for the property tax. Those in council tax will not be long. Taxpayers have until midnight Oct. 15 to set the first and the second until November 15.

Overall, the grade will be less painful than last year, while remaining salt. And for several reasons. Local taxes are calculated by multiplying the rental value of housing as determined by the administration by a tax rate voted by the regions, departments or municipalities. Each year, the rental value is increased at national level to keep pace with inflation. In 2010, the increase was fixed at 1.2% against 2.5% in 2009.

Moreover, local officials have been generally a bit lighter this year.According to the Forum for the management of cities, communes and intercommunal more than 100,000 people have on average increased their tax rate on property tax and residence tax of 2.8% in 2010 almost two times less than in 2009 (5.2%).

Period of "midterm"

The same goes for the departments, with an average increase in tax rates of 2.5% this year against 6.3% last year. The regions are, themselves, remain wise as last year (up 0.1% after 0.7%). Still, this level has little in local taxes.

In total, therefore, households should have their council tax increase of 3.7% and 3.9% this year to mark the foundation added a 1.2% rate hike, while confused level, a just over 2.5%. It is far from moderate. But this is not the disaster of last year, the bill had increased by 6%."We are already half-term in cities. No longer the period of strong increases in revenue, "says Olivier Regis, Chief Executive of the Forum.

The average may conceal wide disparities. Thus, the Parisians are increased by 8% tax rates on housing and property tax. And after an increase of 9% last year! Local taxation, traditionally very low in Paris, still remains low. A household with two children in middle-income pay, according to calculations Forum, 435 euro tax shelter in the capital, against 1180 euros in Nimes.

Better also do not live in Montreuil (increase 10.3%), Argenteuil (+9%), Perpignan (+8%) or in Rouen (+8%). In terms of departments, people in the Yvelines are penalized with an increase of 14.8%.

Conversely, some elected officials have been reasonable.In half of the departments and half of the cities over 100,000 inhabitants, the rates have not budged in 2010. Among these include Bordeaux, Montpellier, Lille, Grenoble and Tours. Rodez has even dropped his residence tax of 1%!

In 2011, with the reform of business tax, the municipal level will be the one to collect the tax shelter, while the regions will lose property tax. The system will be simpler. But will they be elected more virtuous? "Taxpayers can expect some moderation. For the inheritance, the other important community resource, go back with the recovery of real estate, "predicts Olivier Regis.

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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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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