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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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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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Car manufacturers are positioning themselves in China

Friday Jul 30, 2010

This is the number one concern of manufacturers in China: keeping the fast pace of market? Volkswagen, which wants to double its production capacity by 2013-2014, to 3 million vehicles, will build two new sites, bringing the total to eleven. Rival Nissan will expand its industrial base by 70% by 2012, to 900,000 cars. This level may nevertheless be insufficient, hence the interest group for the Korean Ssangyong sites in the land of Morning Calm, which would allow it to export to China.

After jumping 45% in 2009, thanks to state aid, sales on the world's largest market could grow 20% this year (they were up to fourth in six months). For the next five years, analysts at Nomura anticipate an annual increase of 10%.The market would then exceed – all vehicles – 25 million cars in 2015, against 13.6 million last year. "I expect a long period of growth in China. There is no reason why the rate of motor equipment does not reach that of France, "said Carlos Ghosn, CEO of Renault and Nissan. China had 34 cars per 1000 inhabitants in 2008, against 600 for 1000 in France. Proof of the youth of this market: 60% of new car purchases are the first acquisitions made by elderly drivers average 35 years against 50 years in Europe.

With growth in volumes, manufacturers have emerged in 2009 on the market an operating margin of between 6 and 8%, according to the firm Alix Partners.They benefit from economies of scale related to the full factory utilization, and managed to impose price calculated to generate good margins. The German specialists of high quality rub their hands as their cars more luxurious than elsewhere, are selling much more expensive than in Europe.

Increased competition marks

The most successful brands have managed to adapt their cars to local tastes. This is what the French PSA Peugeot Citroen with its new Peugeot 408 and its future 508. Still small, French wants to increase its market share in China from 3.3% to 5% in 2015. All very ambitious, the conquerors of China, however, will face increased competition from local brands, specialized for the moment in small cars at low cost.Their market share could reach 37% in 2015, against 32% in 2009, according to Alix Partners.

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GDF Suez success share plan

Thursday Jul 22, 2010

This is one of the largest employee share plans in recent years. GDF Suez, which offered about 200,000 employees worldwide to receive shares of the group, welcomed the success of the operation. Nearly one third of employees (over 67,000) have said "yes", for a total of 25 million shares and 535 million euros. Exceeding the ceiling set by the board (almost 500 million). "Few groups are engaged in transactions of this magnitude," said Sami Toutounji, partner at Shearman & Sterling, except for example, recently EDF, which has far exceeded this amount, or Axa who approach regularly.

The staff of GDF Suez will thus receive 1.1% stake in Arcelor. Turnout was highest in France, Belgium, Italy and Germany.Outside Europe, Brazil, Chile, Argentina and the United States recorded the most sales Payday Loan for Bad Credit.

The employees of GDF Suez could buy shares at a discount of 20% over the past 20 trading days. Is 19.78 euros per share. The firm abounded these subscriptions, offering titles such as 10 to 10 purchased, subscribed for 50 or 20. Employees could also prefer to invest with no discount, but with a guarantee on invested capital (and insurance to recover at least their implementation) and performance-indexed monthly changes in stock price. Both formulas have been as successful as the other one.

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Bercy measure the quality of public services

Monday Jul 5, 2010

Being supported to emergencies at the hospital, attend university, to renew his passport, family allowance … so many steps synonymous obstacle course, that the Government wants to simplify and facilitate.

While the government has launched a hundred administrative simplification over three years (on average, one per department per semester) Baroin, Budget Minister, this Monday morning the first survey on the quality of public services.Focused on the quality of reception, processing applications and claims, the barometer will be published regularly to report progress.

It reveals that only 52% of e users receive a response within fifteen working days, only 69% of them are facing the good service and supported, or that 78% of users benefit from a courteous welcome from the staff.

Even efforts to

The barometer, which is very concrete, also focuses on ten main concerns of the French. It appears that on the 13.4 million patients who visit emergency rooms each year, less than half (45%) are supported in less than two hours. Monitoring this indicator will be generalized to all emergency services by 2011.

During an attack, the average response time of police is thirteen minutes.The average period of repayment of a sheet of electronic care is 3.3 days. Taxes, 9 out of 10 requests for corrections are processed in less than a month. At the employment center, 9 out of 10 entries made within five days after the first contact. And for identity papers, 82.5% of applicants had their passports within two weeks. The goal is to reach 90% in 2011.

Side claims, the administration still has work to do. Only three service offers dedicated support and explicit claims, and when this device exists, it remains difficult to access once two.

With this in mind, the government will open an online e-claims accessible via mon.service-public.fr.This fall, the customs administration will be the first to open the service.

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Strong rebound on Asian stock

Monday Jun 21, 2010

In Asia, stock exchanges like the message of the Central Bank of China, who said she was "determined to continue the reform of the mechanism of the exchange rate of the renminbi (yuan's other name) to enhance flexibility . An advertisement for a symbolic opening week of the G20 summit in Toronto, so that international pressure was becoming increasingly urgent.Now, the road to separation of the link between the Chinese currency and the dollar began.

The People's Bank of China warned however that the adjustments would not do at once.

According to Wang Tao, an economist at UBS, "it is possible to arrive quickly enough to an appreciation (the yuan) 3 or 4% in the coming weeks." Mark Williams of Capital Economics expects more modest gains: of about 2% vis-à-vis the dollar by the end of the year.

A rising yuan would also give China greater purchasing power, which would be positive for world trade and especially for commodity exporters such as Australia, Brazil, Canada and New Zealand. China is the second largest oil consumer behind the United States.The country is also the largest consumer of iron ore, copper and aluminum.

The currency movement

By Monday morning, the Australian dollar has gained one cent to $ 0.88. He then returned to 0.8765 dollar when China has set its reference rate for the yuan.

The three-month copper on the London Metal Exchange gained 2.33% to 6,585 dollars per tonne.

A barrel of oil gained 1.35% to 78.22 dollars per barrel of light crude Texan.

Green Scholarships

In trading, the index rose on average by 3%, according to the S & P Asia 50 Index, which comprises the largest market capitalizations in the region no faxing payday loans.

In China, the Shanghai Stock Exchange recorded an increase of over 2% on Monday morning. In Hong Kong, the Hang Seng wins 2.6% to 20,806 points."The airlines, real estate or in metals are the most direct beneficiary of yuan appreciation," said Shen Jun, an analyst at Bank of China International.

In Japan, the Nikkei 225 wins 2.07% to 10,201 points by 6:45, while the Topix rose 1.87% to 901 points.

In Australia, the rise of the S & P/1SX 200 reached 1.22%, 4607 points.

China and Australia: EUR 7 billion contract

Australia and China on Monday signed several contracts worth 10 billion Australian dollars (7.1 billion €) after discussions between Prime Minister Kevin Rudd and Chinese Vice President Xi Jinping visits in the country.

The ten agreements, mainly in the field of mineral resources and energy, reflecting strong and growing cooperation between Canberra and its largest trading partner, largest consumer of mineral resources in Australia, Mr Rudd said in a statement.

Xi Jinping arrived here Saturday to Australia for a five-day visit during which the project should be tackled controversial Canberra tax on super profits of mining groups.

Beijing fears that the tax drives up the prices of raw materials which China is a big buyer.

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NicOx shares fall by nearly 45%

Friday May 14, 2010

Catastrophe! The verdict of the experts gathered yesterday on behalf of the Health Authority (FDA) on Naproxcinod NicOx is clear: sixteen votes to one against, they voted against the authorization for the U.S. market for treatment cons osteoarthritis.

If the FDA ultimately decides the approval of a drug in the United States, the Advisory Committee constitutes a notice of weight, especially when it is so decided. The agency should make its decision before July 24 next.

But already, the hopes were so meager that the actions d?grindolent Stock Exchange Thursday, while trading in securities listed in NicOx 9:00, after being suspended Wednesday from 2:00 p.m. at the request of the company. At the close of the Paris Bourse during the uncoupling of 44.53% to 2.9 euros.On Tuesday, the day the group announced this biotechnology application to stay the course, the shares had already fallen from 28.37%.

Total, in three sessions, NicOx has lost more than half its value.

The continuation of the project Naproxcinod compromised

The President's Advisory Committee meeting Wednesday, Dr. Kathleen O'Neil, summarizing the conclusions of the Advisory Committee meeting, said extant 'enthusiasm about the potential of naproxcinod but that additional data from additional studies on job security would be needed, "reports the group in a statement.

This single sentence has made it clear to investors that the case is wrong party.According to analysts at Natixis, the American drug agency should provide to NicOx a "Complete Response Letter" means not permitted, requiring further study to clarify the gray areas of the record, particularly in terms of job security product.

Now "option to initiate studies on the long term is virtually impossible for NicOx," according to them. This would require large patient populations over periods of several years of testing, an expensive option that NicOx should not continue, they said. Natixis is passed directly on Thursday morning of the recommendation to "buy" to "ease".

A big blow for NicOx, which had very high expectations of this product across the Atlantic.Analysts said the potential of the drug could reach 1.3 billion euros of sales at the peak of sales, in 2017.

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Nissan unveils its car prices elective

Tuesday Mar 30, 2010

The automaker Nissan announced today the pricing of its forthcoming electric car, the Leaf. The price in Japan is 3.76 million yen (approximately 30,220 euros) and with government assistance provided, it will be 2.99 million yen or about 24,000 euros.It will pre-order from April in Japan and will be visible in the streets in December.

The release of constru ctor Japanese released Tuesday morning said that during use of six of the Leaf, which is completely electric, the cost of the energy supply of the vehicle would be 86,000 yen (about 690 euros) against 670 low fee payday loans.000 yen (about 5380 euros) for a car in the same category as gasoline.

Sales targets

Nissan expects to sell 6,000 units of the Leaf in 2010 in Japan and will offer its customers equipment necessary to recharge cars.

Apart from Japan, Nissan plans to launch its forthcoming electric car in the U.S. and Europe from 2010 as well.The manufacturer will indicate the prices for these different markets later this year.

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Agreement on harassment and violence at work

Friday Mar 26, 2010

After eight rounds of negotiations, the social partners reached Friday to a draft agreement – which must be initialed by the unions – the harassment and workplace violence.

Long opposed to acknowledge that "some forms of work organizations and personnel management cause themselves from violence and harassment, as required by labor, management has finally made a gesture which made available the situation. The employers have admitted that "certain elements of the work environment, including the" management methods "or" mode of operation of the business, could lead to harassment or violence. "The final text is balanced," acknowledged Bernard Salengro, the CFE-CGC, at the exit. "It has evolved in the right direction", agreed Christine Guinand, the CGT, without commenting on the decision of its Central."It is rather positive," said Jean-Louis Malys, the CFDT.

If it took the wave of suicides in France Telecom for the setting, this negotiation was inevitable anyway, since it aims at transposing a European framework agreement adopted in late 2006. It pursues two objectives. Primo, "improve awareness and understanding of employers and employees against harassment and violence at work to better prevent this behavior, reduce and if possible eliminate them." And deuzio their "provide a concrete framework for the identification, prevention and management problems fast cash advance

A charter Reference

The draft agreement stipulates that certain employees are more affected than others' because of their gender, sexual orientation, disability or frequency of their relationship with the public. "But all can be victims "of abuse, threats and humiliation, repeated and deliberate" from "lack of respect for the will to harm, destroy". To prevent these abuses, companies should "take a clear position, stating that harassment and violence are not allowed" and the decline "as a charter of Reference describing the procedure in cases of proven facts – the Authors will be punished or even dismissed. They must also "identify the phenomena of harassment or violence at work in order to measure the magnitude (…) and search for preventive measures.

Branches professional requirements are to "develop tools adapted to the situation in their area." Committees of hygiene, safety and working conditions (CHSCT) and occupational physicians are also involved. Managers will be trained.The practical implementation of these provisions in the lives of businesses and their employees may therefore take more time.

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