The anticoagulant Plavix, Sanofi's flagship drug, loses its patent on Thursday the United States. Although long-expected, this is a difficult stage for the championship tricolor pharmacy. The arrival of generics is usually depressing sales of an original drug by 80% within months. However, in 2011, sales of Plavix in the United States accounted for 4.8 billion euros. In accounting terms, the decline in sales will have no impact on the accounts of the champion tricolor because the marketing of its flagship product is provided by the U.S. laboratory BMS.

The benefit of Sanofi will, however, heavily impacted. In 2012, the group's net profit will suffer an impact of 1.4 billion euros, due to the loss of U.S. patents on two products, Aprovel / Avapro in March and especially Plavix May 17, announced Chris Viehbacher, CEO of Sanofi in February.

Plavix had already lost its patent protection in Europe. But its total turnover in 2011 reached 7 billion euros. This made so ephemeral, without doubt, the top-selling drug in the world, after the cholesterol-lowering Lipitor, sold by Pfizer, has lost its patent protection last November.

Clopidogrel, the active ingredient used for generic for Plavix and marketed by the French lab is fully produced Sisteron (04). However, the laboratory will manufacture other chemical molecules, which means that 500 jobs are not threatened by the loss of U.S. patent for Plavix, Sanofi sure.  

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Virginie Calmels, newly appointed CEO of Endemol Worldwide while retaining his position as president alongside Endemol France, book exclusive vision of the audiovisual market bad credit payday advance.

Virginie Calmels. Photo credits: ROBERTO BATTISTINI 060 333 4000

This contrasts with forecasts of real estate agencies. While Century 21 provides a stable property prices this year, Standard & Poor's anticipates a price decline of 15% by 2013. The demonstration of the rating agency is rigorous: in France, when borrowing capacity decrease, property prices nosedive. Between September 2007 and March 2009, borrowing capacity have receded by 7%, with the key to lower prices by 10% between March 2008 and June 2009. "In the next eighteen months, we expect a drop in borrowing capacity of the same magnitude, we read in the S & P memorandum, published yesterday. And also in 2012 we anticipate a 20% reduction in the number of home loans. "

That's why the rating agency predicted a price decline of 15%. To support his argument, it gives some examples of the greatest requirement of banks' property loans. By July 2011, the average credit was increased to 211 months (17 years and a half) against 237 months (almost 20 years) in March. As the number of credits, he has already plunged 40% last February. Another indicator that calls for a decline in prices: the real purchasing power is likely to decline in France, according to Standard & Poor's, in the first half, inflation would reach 1.3%, while disposable income would increase only 1% and would not know of developments in the second half. As for interest rates, they could rise to 5% by the end of the year, against 4.7% on average in December. Plausible macroeconomic data that fail to address one element highlighted by estate agents, psychological aspects related to buying a home. The coming months will tell if reason prevailed over passion, if S & P has better sensors that real estate professionals

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The efforts made by Belgium are unprecedented in history. The Socialist government led by Elio di Rupo announced this Sunday the adoption of additional measures of rigor. To 11.3 billion euros in savings adopted at the end of 2011 have now been added 1.82 billion euros of provisions negotiated into the night from Saturday to Sunday, and 650 million reserve if growth is below expectations. It took six days at Belgian coalition, which brings together six parties, the center-left to center-right, to agree on this new package, which aims to limit the budget deficit to 2, 8% of GDP in 2012. In 2011, it reached 3.8% of GDP.

"With this budget, our country is one of the best students in Europe. We considered the possibility of an economic situation even worse, "justified the Prime Minister Elio Di Rupo. The government is based on a forecast of almost zero growth for 2012 at 0.1% against 0.8% previously, as recommended by the European Commission.

No VAT increase

After the austerity measures announced in November – limiting the use of early retirement, decrease the duration of unemployment benefits, taxation of stock and stock options … – Prime Minister also wanted to convince voters of the fairness of the new train measures. "It is an effort fair and balanced. The government is making an effort in structural terms, both in expenditures and receipts. [...] But the new measures do not touch many citizens. "

Most of the additional revenue will come from an announced increased repression of the black, and a tax increase on tobacco and stock transactions. However, the minimum wage, the amount of family allowance or the retirement pensions will not be modified downward. "We do not touch to VAT, it does not touch the savings accounts. [...] Despite a very challenging environment, the purchasing power of citizens is preserved and the competitiveness of companies saved, "said the Prime Minister.

Last November, the rating is downgraded sovereign debt by the Belgian credit rating agency Standard & Poor's had precipitated the adoption of an austerity plan of great magnitude. The rating agency, which matched its rating a negative outlook, particularly doubted the ability of Belgium to break the political deadlock and to present a credible budget.

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Gerard Larcher could have done without the public release, two weeks ago, Francois Fillon, who suggested to redirect some 31 billion spent annually on training unemployed only.

"I lie to you if I told you that I have not complicated the task," says the former chairman of the Senate to which the Prime Minister has given two months in late January to lay the groundwork for a "radical reform "vocational training system. Job seekers do not enjoy today that $ 3.8 billion on training 31 billion spent each year. A drop of water

.

The four "priority objectives" set out in its letter of engagement are clear. This is to "orient vocational training to those who need it most, including job seekers," and "encourage companies to better train their employees by allocating adequate funds." The former Minister of Labour intends to not vary from its roadmap. It continues its hearings until mid-March and will report – "an aid to reflection for the future majority" – early April. "We must adapt our discourse and practices in modern times, he says the Figaro, mid-term. Vocational training was forty years ago a tool of social advancement and has become over time a non-aid decommissioning and an insertion tool. "

For now, Gerard Larcher wishes to move three points. First, to increase from 10 to 40% the share of unemployed trained and adapt their training to real business needs. "We must territorialize reflection and ensure that the curriculum really coincide with skills needed in employment areas," he insists payday loan lenders. Second, transform-Opca that collect money from training to companies in-prescribers. Third, rationalize expenditures. "We have a problem of cost effectiveness of certain formations, Judge Gerard Larcher. It is possible to redeploy, constant envelope, misused funds to training resulted in strong. "

Reform of the representative employers

Although this is not part of its roadmap, Gerard Larcher also intends to make proposals on the financing of trade unions and professional. Publication on the sly "real fake" Perruchot report on money management and trade unions-which confirmed "without suggesting any solution" that some organizations were shooting some of their resources-training convinced him to go in this sense. "There's too much unsaid and too known on these subjects, he despairs. I can not propose lines of education reform without addressing the issue of funding of social dialogue and propose ways of evolution. "The former second officer of the State should also suggest a reform of the employer's representative, in the vein of that which was implemented in 2008 for the unions, based on the election.

As for the referendum issue, raised by the President to remove "blockages" that are sure to respond to the outcome of discussions on vocational training, Gerard Larcher's not. "I believe in intermediate bodies, they are useful," says he, laconically.

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In a mobile market completely disrupted by the arrival of Free Mobile, Bouygues Telecom said it had lost 159,000 customers, of which 134,000 went to Free Mobile. This represents 1.4% of its fleet of 11.3 million mobile customers. Last week, Orange announced that it had lost, for its part, 201,000 mobile customers in total, or 0.7% of its fleet.

Result, Bouygues Telecom expects a decline of 10% of its turnover in 2012 to 5.14 billion euros. The arrival of Free Mobile is not the only cause. Martin Bouygues, CEO of the group, also cited pell-mell "regulation, the end of the differential termination, terminal costs, Chatel law which is one of the most protective for the consumer."

]]> http://lamarshbaptistchurch.com/134000-bouygues-telecom-customers-left-at-free/feed/ 0 http://lamarshbaptistchurch.com/air-france-controversy-about-the-benefits-of-leaders/ http://lamarshbaptistchurch.com/air-france-controversy-about-the-benefits-of-leaders/#comments Wed, 15 Feb 2012 00:32:05 +0000 admin http://lamarshbaptistchurch.com/air-france-controversy-about-the-benefits-of-leaders/  

The scandal could not have been worse. While Air France is embarking on an extensive and highly unpopular savings plan, the unions of the company revealed Monday that their former boss Pierre-Henri Gourgeon was preparing to travel to destination in Mauritius with its Women in business class for 24 euros.

This trip was to take place almost free along with two relatives also enjoy preferential rates. These tickets are embargoed during the school holidays, Pierre-Henri Gourgeon had to obtain special approval of the new CEO of Air France, Alexander Juniac, to lift the embargo and travel to this destination.

"It's scary to work in this context, a sorry part of the company. Our company is mired in research and maintenance of personal advantages. How do you get the support of employees and pass a savings plan? ". Given the excitement that the information generated internally, the former boss has finally given up the tickets at unbeatable price and opted for traditional GP tickets entitlements in the company's employees and retirees.

The ex-boss will have to pay 745 euros to get to Mauritius in business class or about 1500 euros for a round trip ticket worth from 3000 to 6000 euro at full price. "When traveling in GP, ​​the former executives often take tickets in economy class, or 400 euros round trip to Mauritius, calculates an employee of the company paperless payday loans. Once on the plane, they do outperform if space is available at the front of the camera. "

"A trip to the Air France lounge"

Like many companies, employees of Air France benefit from preferential rates on their business activity. Like the employees of the car who pay their car cheaper, the Air France employees benefit from GP notes (Free partial), a valid right to life from 15 years of seniority. "I travel regularly to New York, welcomes a former executive of the company. It cost me about 200 euros in economy class, but in general I do upgrade and I manage to go on a trip to the Air France lounge. "

As a former senior executive, Pierre-Henri Gourgeon does not need to go through the system of GP tickets. Like other executives recently departed from the leadership, the former boss has negotiated a confidential volume of ticket prices almost free.

These benefits may soon be challenged. Juniac Alexander, the new leader of the company, has announced an overhaul of the benefits enjoyed by current and former executives of Air France. "Such benefits are not unique to Air France, says aviation expert. All major companies are considering a historic reform of the preferential fare tickets costing them too much. " And have less and less supported by employees who request efforts increasingly harsh.

Sources close to the discussions say, however, that the real estate transaction is scheduled for over a year.Richemont has even approached the great names in luxury and watch as LVMH, Swatch and Rolex to tell them about the operation. If the participation of the latter to the final draft to be confirmed, Richemont has already convinced major retailers such as Audemars Piguet Breitling or to be part of.

The Swiss group is currently in discussions with Bucherer, another big name in the jewelry and luxury watches, in order to leave the management of this huge store. Few in France, it has been favored by Richemont because of its extensive experience in managing multi-brand stores. In addition to his label, Bucherer has a network of 15 stores which are marketed brands Rolex, Piaget, TAG Heuer, or Longines. It also has other stores in Austria and Germany.

The issues are still there and no solution in sight, the Chancellor conceded. Britain still refuses the idea of ​​a tax on financial transactions, supported by Paris and Berlin, because it severely handicap the City of London. On the issue of greater involvement of the European Central Bank to resolve the crisis of the euro, which promotes London, the German chancellor has proved inflexible.

Spanish growth at half mast

Moody's in turn should decide by the end of October on a possible downgrade Spanish now "Aa2" (the third best possible)."With significant funding needs" of the Spanish State, to cover its budget expenditures and net external debt is "one of the highest in the world" (91% of GDP), said Fitch, "the more volatile strong a negative effect on financing conditions in the market of Spain. "

But there are also internal factors in the country "risks to fiscal consolidation as a result of performance parts." The same agency Fitch has lowered Wednesday including the long-term rating of the Basque Country, one of the richest region in which it criticizes the "weak fiscal performance." Growth forecasts have been revised downwards. Wednesday, the Bank of Spain announced that the country's growth expected to slow in the third quarter, to reach an economic activity 'lackluster'.The Spanish government has also recognized that the economic growth targets it had set for 2011 and subsequent years would be "hard to reach" because of the risk of recession in the world.

Italian governance into question

Fitch also lowered the rating one notch to Italy, "A +" against "AA-" and does not see her again in the fall if the country would miss its targets for reducing the budget deficit. Fitch was the last of three major international rating agencies have not downgraded from Italy since the beginning of the debt crisis in the eurozone. She explained that the high level of public debt and budgetary financing needs, combined with the low level of potential growth (the country), made in Italy especially vulnerable.The Agency is challenging the country's governance and stressed that the differences in the Parliament and the escapades of the prime minister Silvio Berlusconi, help to weaken the ruling coalition.

Belgium heckled by Dexia

Belgium is also in sight. The agenceMoody's said it was considering lowering its rating, currently at "Aa1", the second best possible. The agency cited three reasons: the crisis in the euro area, concerns for economic growth and the possibility of additional support to the banking system, particularly in establishing Franco-Belgian Dexia.

Another European country in turmoil, Portugal, has been confirmed its rating of "BBB-" (the last before falling into the category of "speculative") by Fitch, which continued on negative watch at least until the end of the year.Standard & Poor's, confirmed Tuesday the rating "BBB-" from Portugal, while maintaining it as a negative outlook. Portugal, the third country in the eurozone after Greece and Ireland to receive international financial assistance, is facing new economic challenges that undermine his efforts to clean up its public accounts. Progress in implementing the program of the European Union and the International Monetary Fund (IMF), and its budget for 2012 will be crucial.

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