Since Friday, the plant Fralib is occupied by its employees. A situation that is denounced by the president of Unilever France, Bruno Witvoët. "This is unacceptable in a constitutional state, says in an interview in Paris-Today-in-France. Such a coup with hooded individuals armed with baseball bats and batons, it is not of union action, it's a commando! ". The boss of Unilever France claiming the expulsion "immediate and prompt action with law enforcement" employees, has also filed a complaint for "physical threats" from the police. "From fabrications," Olivier replied Leberquier, CGT union. According to the police of Aubagne, intervened at the scene, there would have been no collision.

"Holland must keep its promises"

"Closing a plant is always a very difficult decision, Bruno recognizes Witvoët. But in some cases – including tea bags – we have overcapacity. This is justified in stopping this site ". He said Unilever has taken responsibility in the case of employees of Fralib, accepting "to add additional resources for the revitalization of the local employment" as required by justice. "Funds for creating new jobs has increased from 1 to 1.5 million euros" and "each dismissed employee is entitled to an internal transfer, pay the same conditions, in one of six other plants in France , "he said.

This new twist, the 592nd day of the conflict comes as 80 of the 103 employees still struggle, of 182 initially received their letter of dismissal. At the same time, a moving company came to do a quote on the site, and management proposed the CGT to move out of its local business, or in organizing the escorted access, for reasons of safety concerns, dismantling machinery. A scenario rejected by the union, which wants to keep the tool working on site to implement an alternative plan of recovery of activity.

Given this situation, unions are demanding the intervention of Francois Hollande. During the presidential campaign, President-elect said: "Nothing is done, nothing is guaranteed and if victory comes, I will also be at your side, President of the French Republic, to get your site live, had he launched at a meeting of employees Fralib in Paris in February. "The company is now under the control of the CGT and the Netherlands should keep its promises. His election is a ray of hope, "says Olivier Leberquier. The standoff between employees Fralib and its direction is far from over.

Friday, teams of Deutsche Bahn and SNCF, already associated with the Paris-Frankfurt, will celebrate the opening of a common line between Frankfurt and Marseille – bypassing Paris – via the new Rhine-Rhone. An opportunity to show the harmony that exists today between the two companies.

Because the prospect of greater competition in Europe has clearly brought the views of the two incumbents, long time rivals. Rüdiger Grube, CEO of the German group, pointed out Tuesday in Paris to a gathering of journalists. "There are still a year I would not have thought that we would Guillaume Pepy (SNCF's CEO, Ed) and I agree on all issues!" "We support all the necessary standardization of equipment, the market opening, the creation of a European regulator's rail …, "he says.  

An ally against Brussels

What has happened, then that could heal the scratches between the two competitors? One and one can actually help in their fight on the organization of competition in their respective markets. In France, Guillaume Pepy wants to emulate the French system of railways on that of the Rhine. And what better lawyer than Rüdiger Grube, CEO of Deutsche Bahn up as a model, could he find to plead this cause? SNCF had the starring role: it umbrella in a joint holding company, the infrastructure manager – in this case Réseau Ferré de France which is among other guarantor of opening the network to new entrants – and the commercial exploitation . The French government, following the Focus on the railway have explored ways to put right a French model of breath last November, expects copies of various stakeholders at the end of this month payday loan lenders.

And on the other side of the Rhine, Rüdiger Grube has also found an ally in France to defend his case in Brussels. For the German model does not satisfy the European Commission. It believes that a pooling group manager of infrastructure and operational activities does not guarantee a fair treatment in respect of competing rail companies of the DB. Last year, the Commission has even raided the headquarters of the DB to investigate possible abuse of dominant position in the supply of electricity to private operators.

Views on Thalys

The discussion between SNCF and DB go beyond the single issue of governance of the rail. For Rüdiger Grube, they could also be extended on the ground and running. Deutsche Bahn admitted and have designs on Thalys, TGV serving Belgium, Holland and Germany, which he holds 10% interest alongside the SNCF (62%) and Belgian railways (28%). "Staying at 10% does not suit us. We're in discussions internally about whether we should go out or go for a 50/50, "said Grube. And beyond in coming decades, the CEO of DB, well imagine a merger of the two groups. "Right now, it's too early but when liberalization has advanced. In twenty or thirty years … "

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Hard times for the 380. After the case of microcracks detected in the wing of the superjumbo, Airbus will he deplore a new problem, this time in the "nose" of the device? The European Aviation Safety Agency (EASA) is interested in any case the rivets of radom, that is to say the cover that protects the radar of the aircraft.

The authority may decide to issue in the coming weeks an airworthiness directive (AD) requiring the change of six rivets aluminum rivets titanium stronger. The 19 airlines that operate the world's fleet of 69 A380, eight months have to do this for an average of 3:30. Clearly, they would have time to schedule it as part of their regular maintenance schedule.

After the decision to order the Efsa a general inspection of the planes of A 380 in service and production, totaling one hundred aircraft, the image of the A380 takes another blow. However, this type of airworthiness directive is very common in aviation. All aircraft receive throughout their careers.

Two types of directives

"The FAA, U.S. aviation safety authority, has issued more than 830 airworthiness directives for Boeing B 747 in forty years," says one at Airbus headquarters in Toulouse. "For an airplane, receiving such a directive is as ordinary as to think about changing the wiper blades on your car or an oil change," says one.

The Aesa issues two types of directives: the current, AD, and urgent, called "emergency AD." In the case of microcracks, the two directives were common. The agency goes up a notch when it considers that the subject can affect flight safety. In this case, companies have little time to react, sometimes not even 24 hours.

In the case of rivets, flight safety is affected in any part, Airbus insists. The manufacturer points out that these are not structural elements. Six rivets 40 to 50 by radom "are not likely to blow up" the unit cover.

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A380

"Airbus A 380 will control the 21 affected by cracks

Football clubs are they like other entities? The question worth asking, when European football comes back to show a record deficit for its fiscal year 2010: more than 1.6 billion cumulative loss by 665 European clubs in first division. As for the debt, it reached nearly 15 billion euros, according to the latest data from the European body of football (UEFA). An aberration by some as a time when European countries are asked to clean up their finances. Besides, if football clubs were rated, they would pass the test? Not sure … There is a little over a year, research firm AT Kearney also noted that "if they were functioning as normal businesses, the championships of Spain, England and Italy would be put in bankruptcy within two years. "

Spanish and English clubs have reached an astronomical debt.

Occupation: the red lantern of Europe

This is the black point of the Spanish economy guaranteed online payday loans.Toxic assets that are concentrated in the "cajas" (savings banks).

Increased risk for public finances

Spain has embarked on the path of fiscal consolidation since 2009. The great austerity plan dating back to May 2010 combining lower wages of civil servants, cuts in social spending, increase tax and pension reform. After a budget deficit rising to 11.2% of GDP in 2009, the stated objective is to reduce it to 6% this year. It is not clear as far as Madrid to keep, given the downward revision of growth. On the front of the public debt, Madrid pre-crisis low, 40% of GDP. It has since risen sharply, it should peak around 72% in 2013 before declining.

Innovation and Networks, protection of privacy, digital divide, security against cyber attacks are on the agenda of the conference New World 2.0. However, "there will be no statement after the conference, because there is already the declaration of Deauville, Le Figaro said Eric Besson. I wanted to spend New World 2.0 principles into action. It is time to materialize. "

Participants include, among others, Elliot Schrage, head of public policy for Facebook, David Drummond, Senior Vice President in charge of development of Google and Stéphane Richard, CEO of France Telecom, and Neelie Kroes, Vice President of the European Commission , in charge of the digital agenda. "This is progress as concretely as possible. These are issues that must be discussed together. New World 2.0 will bring together participants from 18 countries from five continents and all walks of life: ministers, large companies, startups, bloggers, venture capitalists, civil society, "explains Eric Besson cashadvance.

Value of content

The question remains networks at the heart of the debate. "There would not have the current development of the Internet without investing heavily in networks. In addition, we are only at the beginning of the increased use of networks.This raises the question of standards, quality of networks and investments, "says the minister. Before continuing, "On networks, we also work with the Americans. We do not want to trap them. What is the value of networks that are circulating over the contents. Our goal is to involve all major players. Thus we are able to be in the same round table number 2 on Google and the boss of France Telecom. "

If no resolution is produced at the end of this seminar, we must also rely on the goodwill of the United States, who will take over the presidency of the G8, to wedge the next go digital . "The event was to bring Internet to the agenda of the G8. And the highlight today is to bring together so many Internet stakeholders to implement together the principles of Deauville, "said Eric Besson.

Vote at high risk in Slovakia

Investors in the U.S. and Europe will continue to follow step by step développementsde the debt crisis in the eurozone. The latter is suspended by a vote very uncertain of the Slovak Parliament on Tuesday that could block the strengthening of the Financial Assistance Fund of the monetary union, the main instrument to hope to stop the contagion of the debt crisis, banks in particular.Investors also await the release later in the day of the minutes of the Fed and the announcement of Alcoa, the first tenor of the coast to announce its figures for the third quarter. The euro area, which has so far failed to stem the debt crisis, has the "political will" to overcome, reiterated on Tuesday German Chancellor Angela Merkel during a visit to Vietnam. Jean Claude Trichet, the outgoing president of the ECB, for his part said that "clear decisions" were necessary in view of the seriousness of the situation. He said the crisis has reached a "systemic dimension."

Berlin and Paris reassure markets

The willingness of the Franco-German recapitalize the banks and out of the spiral of debt crisis, like in Europe, supported investor sentiment for several days.Monday, U.S. President Barack Obama gave his full support "to the strategy of Nicolas Sarkozy and Angela Merkel." The latter, meeting in Berlin on Sunday pledged to respond "lasting and comprehensive peace" to the crisis in the euro area for the G20 summit in Cannes, 3 and 4 November. About the difficulties of the European banking sector, the two leaders said they were "determined to do whatever it takes to ensure the recapitalization of our banks." Again, the "details" will be specified later, they promised, while the EU summit scheduled for October 17 and 18 was postponed to October 23 to allow more time for officers to prepare a response "global" . Investors will pay particular attention to responses to the Greek question, the epicenter of the crisis.The leading European finance ministers, Jean-Claude Juncker, said yesterday that a discount of over 60% for creditors of Greece was possible.

First dance of Quarterly Results

In the U.S., the season of quarterly results of large companies to begin on Tuesday after the close of Wall Street. As usual, the aluminum giant Alcoa will kick-off for these publications. Follow in particular, PepsiCo Wednesday, Thursday, JPMorgan Chase and internet group Google and finally, Friday, Mattel. Analysts bet on an average increase of 13% earnings per share for the third quarter.

On the macroeconomic front U.S. investors await including the minutes of the last Fed meeting on Tuesday in 20 hours.

On the foreign exchange market, the euro is trying to go against the greenback.By late morning, the euro bought 1.3602 dollars against 1.3645 dollars late Monday. Oil is, him stable. The barrel of "light sweet crude" for November delivery gained 18 cents to 85.59 dollars. A barrel of Brent North Sea crude for November delivery gave a small 14 cents to 108.81 dollars.

Great success for the iPhone 4S

The side of values, Goldman Sachs should probably record a loss in the third quarter, which would be only the second quarterly loss in history of the giant Wall Street analysts expect Citigroup.

Apple announced its iPhone 4S has received one million pre-orders in the space of a day.By comparison, 600,000 pre-orders were recorded for the iPhone 4 in the first 24 hours.

Research in Motion announced Tuesday that its BlackBerry email and instant messaging were restored in Europe, the Middle East and Africa, nearly 20 hours after the crash reported in India and the region.

American Airlines announced a reduction in flights in coming months compared to the previous year, citing among other adverse economic conditions. American Airlines said its capacity during "the late fall and winter" would be reduced by 3% over the previous year.

The title of the group that Alcoa is required to publish its quarterly results after the market will be particularly surrounded.

'Global response'

In Berlin, Nicolas Sarkozy and Angela Merkel had foreshadowed the shift by promising "sustainable solutions, comprehensive and fast before the end of the month."They also kept to define the contours, which allows to believe that the agreement is to be locked at seventeen if not two, on the key points: the recapitalization of banks and the role of the European stabilization financial, finding economically viable treatment for Greece and modification of European treaties in order to strengthen collective discipline pay day loan lenders.

Europeans to revise their copy, just three months after concocted, July 21, a plan intended to resolve the crisis in Greece and curb its spread to Italy or Spain. It has not yet been adopted by all Seventeen. The vote of Slovakia, with a coalition divided on the subject may become paralyzing veto and the euro area.

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Background: In 2008, The Christmas Graët, then vice-president of the FFF, signs the "Contract of the Century" with Nike: 320 million for the period 2011-2018. This negotiation will be the argument of his election as president. At that price, the Graët sells equipment for national teams.And bang, that the France team that female become pampered football in France, makes his way to the London Games guaranteed high risk personal loans.

Problem: all the French Olympic teams – football, basketball, athletics – must participate in the Olympic Games under the banner of Adidas, the equipment of the National Olympic Committee of French sport (CNOSF). This did not escape the law of Nike, which, according to RMC, call … € 10 million for breach of contract! The CNOSF, attacked on his prerogatives and paid by Adidas, will not compromise. Nike either. One of two things: either the new president of the FFF "sold" which does not belong to him or he had bet on the failure of the Blue qualifications.Charles Gautier

As many failures as successes

Finally, with 224 new listed companies, plans IPO in 2011 materialized just above groups who backed down … Reveals a situation very unfavorable market conditions for the candidates to the adventure market."A successful introduction requires both companies which want to move in the markets and investors willing to commit, explains Philippe Kubis, capital markets partner at PwC. If the materials are there, the latter remain far behind, in a context of uncertainty in the business plan of candidates for introduction. In addition, operations are often arrested in very early stage, which means more delays than cancellations of projects. "

On June 20, the materials group Saint-Gobain Building and renounced to introduce an immediate business of bottles and jars, Verallia. Two months later, the CEO of Wendel (Wendel largest shareholder) welcomed the decision, finding that ca "was not a good start to the stock market history."Alongside 59 other companies had suspended their plans after the official launch of the operation, Verallia escaped the summer meltdown of financial markets, which saw the CAC 40 lost 18% between late June and early September. "The very low current valuations are not conducive to achieving the project, adds Philippe Kubis. The adequacy of the valuation of a company with market conditions at a given time is a key to the success of an operation. However, companies do not want an introduction to the discount. "

Market volatility, however, is not solely responsible. In September 2010, the hotel group Accor has sought to withdraw from the group of Casinos Lucien Barriere, via an initial public offering, and market conditions much more calm.No more successful for this group suffered from poor stock market performance of its competitor Partouche, and especially of a development strategy too unconvincing to raise funds expected.

Tell a story

A successful introduction presupposes an attractive project for sale to investors (a "story to tell," according to experts). From this point of view, some candidates still have a stock speech ambiguity, or an economic model that have not been sufficiently proven.

Best example: the site group purchasing U.S. Groupon. The group was founded by Andrew Mason enthusiastic market for two years by the brilliance of its growth. What to think about a possible introduction free credit score. But the news could cool investors.The site, which is a valuation of $ 20 billion, would be delayed by several months its plans stock, following the refusal by the federal authorities of certain elements of his record. The group took many liberties with the accounting to embellish his figures, making it the most beautiful bride. The kind of hocus-pocus that would certainly not digested the market if the group had been rated! Especially since Groupon continues to widen its losses under the weight of investment in advertising and marketing commitment to support its growth.

In terms of social networks, some uncertainty still exists about how to value companies. "The valuations given for these sites seem important in light of an economic model that looks a little, says Philippe Kubis.It seems to move towards a model including user fees, which ultimately enhance the strength of their profile, and investor interest. "

Constraints rating

A case which also the developer of video games on social networks Zynga. Again, the Securities & Exchange Commission (SEC) had requested more information on the group's activities. What backward one month (November) the first steps in Zynga Stock Exchange. Even Facebook, social networking superstar, endless hesitation. Its founder Marck Zuckerberg, fear of such an operation a shift in focus of its product development teams to financial performance. From this point of view, the market performance of its professional counterpart, LinkedIn tends to reinforce his caution.Despite a triumphant introduction to the New York Stock Exchange last May, the group rating today in its opening price.

For SMEs, the fund raising smaller first appear easier. Following the example of specialist endomicroscopy Mauna Kea, which easily lifted in early July about 50 million euros on the Paris. Innovative technology, and markets more stable: the stage was set to attract investors. But since then, the small company founded in 2000 has not escaped the stock market panic. After being flown by 43% during the first two trading days (a common occurrence during IPOs), the title of the listed company has 13% below its price of admission.

Mauna Kea in its IPO price

For SMEs, the fund raising smaller first appear easier.Following the example of specialist endomicroscopy Mauna Kea, which easily lifted in early July about 50 million euros on the Paris. Innovative technology, and markets more stable: the stage was set to attract investors. But since then, the small company founded in 2000 has not escaped the stock market panic. After being flown by 43% during the first two trading days (a common occurrence during IPOs), the title of the listed company has 13% below its price of admission.

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