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A facelift for the area of ​​Defence

Thursday May 5, 2011

The event is scheduled for Thursday evening at the Defense around 21:45. All skyscrapers are in the dark, while the First Tower, she will illuminate. One way to celebrate the inauguration of the "little one" which with its 231 meters just to rob the place of Montparnasse Tower tallest building in France totally free credit score.

Click on image to enlarge.


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Patrick Pelata, the dolphin sacrificed

Tuesday Apr 12, 2011

When the alleged espionage case was transferred to the handling villainous, Patrick Pelata, the deputy CEO of Renault, was sacrificed once to take the blame and protect his boss, Carlos Ghosn. "When the investigation is complete, we will draw all the consequences to the highest level of business is to say to me," he said in a March 4 interview with Le Figaro . Duly noted. This incredible adventure will put a stop to a stellar career that began at the manufacturer there are twenty-seven years.

For several years, Patrick Pelata, 55, has emerged as heir apparent right arm and his classmate Polytechnique in 74, Carlos Ghosn. Appointed Chief Operating Officer in October 2008, he assumed operational management of the entire company in crisis, leaving the CEO's long-term strategy.Previously, it had already become the number two official, adding his wake in the footsteps of his mentor.

Brilliant and unconventional

Grand son of farmers, the son of teachers from the Ariege, Patrick Pelata doing a brilliant classical route: preparation at Louis-le-Grand, Polytechnic, School of bridges and causeways, which he was president since 2009. Brilliant but unorthodox, the young engineer developed a passion for sociology. Postgraduate at the Ecole des Hautes Etudes en Sciences Sociales, he wrote a thesis on the development of Taylorism and Fordism in French factories. Communist activist, a brief on the working conditions of miners in the Pas-de-Calais earned him a week off to X, for violating the duty of reserve soldiers saving account payday loan.

At 29, the young executive at Renault. An avid robot, is foreman of the welding robots Flins.It is then in charge of the platform Twingo. When, upon redemption of Nissan, Carlos Ghosn asks about him that is ready to follow him to Tokyo, Pelata packed his bags. His expertise in industrial organization and the range of vehicles, as well as his hobby of sociology help contribute to the recovery of the Japanese manufacturer in disarray. When Ghosn took charge of Renault, he brings with him his right arm. This is one of the few members of his bodyguards at tu boss and contradict appropriate.

Since 2008, Pelata the helm, during the crisis of the automobile. It has launched a voluntary separation plan of 9000 people, handled the failures of the Laguna and Twingo 3 2 and reoriented the manufacturer to the cars of the future. Lucid, he was aware of the questioning of the status of the self in contemporary society.He acknowledged the responsibility of the industry in global warming and went all-out on electric vehicle programs, as alleged spies were supposed to have tried to hack.

When, a year ago, the government pin Renault, which plans to produce the new Clio in Turkey, the boss left Pélata defends the logic of cost reduction business. This fan of hiking and judo, father of four children, now paying an unfailing faithfulness.

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Bertrand sets the rules for dismissal of the device

Friday Apr 1, 2011

Xavier Bertrand, Minister of Labour and Employment, wrote on Thursday afternoon with leaders of trade unions and employers to tell them what will be the "government commitment" after the merger of two existing devices accompanying retrenched *: Convention reclassification Custom (PRC), available throughout the country and funded largely by Unedic, and the contract of employment transition (CTP), experienced in 32 employment areas and supported by state.

Wanted a reconciliation and announced by the president in the fall to offer, as of June 1, dismissed the economic enterprises with fewer than 1,000 employees do not benefit from rehabilitation measures by their specific company, "a device effective security of their careers. "According to the Court of Auditors, 152,000 people have benefited from the two devices in 2009 during the height of the crisis (137,000 and 15,500 CRP CTP). The state plans to 6000 entries per month in the new device, or 72,000 beneficiaries a full year.

Specifically, Xavier Bertrand proposed the social partners to "take over half the cost of assistance to beneficiaries." The Minister also proposes to finance half the cost which would be generated, for compensation, by a change in conditions of unified access to the device. To qualify for CRP, a licensee is economic today have at least two years of seniority in the business. This right of access, the unions want to cut it to one year in the new device and the state is willing to take some responsibility.The minister does not however refer to the premium assistance to return to work of CTA is to grant to a beneficiary who takes a job before the end of its guidance, a bonus equivalent to half of its remaining duties (within three months). "It's voluntary," says one rue de Grenelle. Kind way to tell the unions and employers that will be theirs if they want to generalize this measure to finance it. Ultimately, the state is willing to put the pot of 70 million euros per year paydayloans. Is half that Unedic, whose rating would be around 150 million.

CTP legally existed since Thursday night

Xavier Bertrand also lingers in the mail on how to control the future unified system."In my opinion, the dynamism of the local partnership will be a key determinant of success," said the minister who talks of a "flight to be provided jointly by national and territorial social partners and the state." Exit therefore employment center that will become "an operator like any other, responding to calls for support service recipients. "This is the best way to power all those involved on the subject," a court close to the minister of Labour.

Last item of mail ministerial, not less. The former secretary general of the UMP to the social partners confirms its wish to "extend the PTC in the current until 31 May 2011", identically to the decision that unions and employers have already taken for CRP. Problem: we need a legislative vehicle, a law to extend the PTC, which expired on March 31 at midnight ….Legally, therefore, the PTC has not existed since Thursday night and its beneficiaries should be supported and compensated. "We will ensure that beneficiaries continue to have the PTC," says we rue de Grenelle, a little embarrassed to armholes. "It's a craft, a trade unionist complained. All is not legal. "The government, which has missed the boat, therefore," as if nothing had happened "and intends to resolve the problem later through retroactive legislation that will appeal greatly to the wise probably the Constitutional Council. By his death in two months, the PTC should accommodate 1,200 new beneficiaries.

* Devices that provide the beneficiaries with very intensive coaching for a year and guarantee the same period an allowance equivalent to 80% of their gross salaries.


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Tourism: cancellations spread to Middle East

Sunday Mar 6, 2011

Cancellations will travel faster than the revolutions themselves Arab. While the wind blows still timidly revolt in the Middle East, several of them noted a sharp drop in hotel bookings.

Jordan in particular, several sources said that cancellations had reached 50%. A tour operator confirms that in 3000 tourists who booked a trip in the coming months, 1200 had already annulled. Jean-Francois Rial, CEO of Voyageurs du Monde, a leading tour operator in France, also referred 50% of cancellations to the country. This situation is particularly worrying for a local economy where tourism represents 14% of GDP, with a turnover estimated at one billion dollars in 2010.

Syria is no exception.Ghassan Chahine, owner of Naya Tours agency in Damascus, said he registered 35-40% cancellations for peak tourist season which runs from March to May, mainly by Europeans. The Syrian Minister of Tourism Saadallah Agha al-Qala, has been forced to revise downward its objectives: "We do not expect an increase of over 11% to 12% of the number of tourists" against an average annual growth of 15% since the early 2000s.

"All in the same bag"

Tourism professionals in the Middle East denounced the confusion in the minds of Western tourists. "They are influenced by media coverage and put all countries in the Middle East in the same bag, do not differentiate one country from another," said Nabulsi Touhami, office of tourism in Jordan. Tourists have canceled their trips to all Arab countries. "

Jean-Francois Rial, "people are more worried about what might happen in other countries than those where the revolution is over. Is that King Abdullah will not jump, do as the king of Morocco does not have a problem, as Hu Jintao? ". Ghassan Chahine agrees: "People tend to think that the revolts are taking place across the region."

Hopes

Despite their concerns, industry professionals want to believe in an imminent improvement in the situation. "The perception of people change very quickly. It does not take much time before the booking for a country not resume, "says Sean Tipton of the Association of British tour operators.

Until the fears subside, tour operators could, like the Maghreb, betting promotions.Marmara, the leading destination Tunisia is already seeing the success of its offer a "pay for a given": "We found in March the level of bookings last year, with 8000 departures scheduled within a month," explained Le Figaro Florian Vighier, its director general.

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Papermakers cornered by soaring prices

Friday Feb 4, 2011

"The crisis is upon us. The finding of Stéphane Hamelin, president of the family group Hamelin (Canson, Oxford, Elba), the first European paper maker, is final. "After a great year 2010, we are facing a real collapse of our margins," says he. The doubling of the price of pulp (450 to 950 dollars per tonne since September 2009), which represents about one third the cost of paper, and the outbreak of chemical components such as polypropylene (+70%) have driven papermakers . Not to mention the doubling of the price of potato starch, used to bleach paper, or soaring oil prices.

Specifications at subway ticket

"We will have to spend double-digit increases from distributors, especially as the (price of) raw materials continue to rise," said Stephane Hamelin.On some products, prices negotiated in September last no longer reflect the reality of progress. "Basically, we are missing 4 to 5 points to pass to remain constant margins," he adds.

The soaring price of pulp is mainly due to the increase in Asian demand. "Weather conditions are deplorable in the world also made it difficult to logging," said Jean-Olivier Roussat, deputy CEO of Exacompta Clairefontaine (Clairefontaine, Quo Vadis, Rhodia …), which divides the market in France notebooks and diaries with Hamelin cash advance loan no fax. The earthquake in Chile, the second largest producer, has also destroyed many factories pulp.Moreover, the concentration of production in the hands of some twenty large global suppliers increases the pressure on prices.

Notebooks to pocket files via the subway tickets – manufactured by Clairefontaine – the production of many items is concerned. The article is more basic, plus rising raw material arises.

Thus, a stapled booklet of 96 pages Oxford, whose raw material (paper, cardboard) is half the cost, cost (ex-factory) is spent in one year from 20 to 23 cents (+ 15% ). The sale price consumers would likely switch to 53 cents, an increase of 10%.

Same calculation for a batch of one hundred transparent perforated plastic bags (Elba), which represents 70% polypropylene raw material. Hamelin asked retailers a rate increase of 24%.Finally, 20% could be passed on to consumer prices.

Faced with rising costs, manufacturers have little room to maneuver. In Canson, the inventor of tracing paper, purchased in 2006 by Hamelin, improves continually cutting corners to prevent paper losses.

The company has also developed a device that allows eco include reducing the use of cardboard in his pockets drawing paper.

"After a great year 2010, we face a real crush our margins"


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Tunisian crisis and its contagion worry tour operators

Saturday Jan 29, 2011

They want to keep their composure. But after two difficult years, the French tour operators are very concerned: the period of political instability experienced by Tunisia, the demonstrations in Egypt and the risk of contagion in the region, real or perceived, could undermine their business.

"Until then, it is not catastrophic because it is still the low season in Tunisia," said Antoine Cachin, CEO of Fram. The big issues are for the Easter holidays and summer. Reservations are almost at a standstill, it is troubling. But there is still some time before us. "Mid-January, Fram has repatriated 1,600 tourists in Tunisia three days. To thousands of customers who were unable to leave the tour operator provides deferrals to other destinations: most opt for the Canary Islands, just for Morocco.Then it is time to book for this summer, customers prefer for now southern Europe (Spain, Greece, Italy) in North Africa, with the exception of Morocco, also finds Fram. Typically, Tunisia represents 18% of sales of the tour operator (its third largest market after Spain and Morocco), Egypt 5%. "In Egypt, where we currently have 500 customers, the situation is different because the peak season will start," said Antoine Cachin. Sales are almost zero but there are few cancellations. We're 230 clients from this weekend. "The shortfall will not be caught.

Unbeatable

Marmara is the front line: 38% of his clients opt for a holiday in Tunisia and Egypt. The tour operator claims a leading position in Tunisia with 33% of sales of package holidays. Same in Egypt, with 44% market share."Every year, more than one million French go to Tunisia, said Florian Vighier, Executive Director direct payday lenders. For French tour operators, destination is the most profitable in the long term, with an unbeatable value. We do not want to imagine a scenario where the destination would not leave this summer. "In 2010, Marmara made from 350 000 customers in Tunisia (his first destination), at an average price of 600 euros per person, all inclusive (flight + accommodation). Usually from October to March, Marmara chartered 20 flights per week to Tunisia (Djerba especially).Today it is calm because until 7 February, it all stays and tours were suspended, a provision taken on 26 January by the Association of Tour Operators (Ceto).

Departures to Egypt, where 80% of clients of Marmara are on the banks of the Red Sea, were suspended this weekend by all tour operators. The Ministry of Foreign Affairs recommends no travel to the country. Club Med has three villages in the country. All are open, while its five villages in Tunisia (Djerba three to one by one to Nabeul and Hammamet) are closed. Djerba La Douce that remained open until January 16, when it was closed as a precaution.Its reopening is scheduled for 12 February.

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"The French tour operators have a significant economic dependence vis-à-vis the Maghreb, said Rene-Marc Chikli, president of Ceto. And the reverse is true. Tourism is the second economic activity in Tunisia. We are caught between the requirement of our customers and the need for us as for host countries to bring back tourists. By stopping the departures, we lose every day millions of euros. "


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Espionage: A Framework licensee will attack Renault

Sunday Jan 16, 2011

According to the letter dated Friday, brought to the attention of Figaro and sent by registered post to "senior position III C" holding the position of "Director of Front vehicle projects since 2006, the automaker said it had received" an anonymous tip involving namely, because (his) supervisor, Mr. Balthazard and indirectly Mr. Tenenbaum, Deputy Program Director electric vehicle "indicating that they have received" bribes ".

Explaining having initiated an investigation, "the responsibility of the compliance" of the company, submitted on January 6 in the "Compliance Committee" – editor's note: "Ethics" – Renault wrote that it "appears from these investigations than have "received money from foreign sources, leading to the conviction, given (its) responsibilities in a vital area for the future of the company (he has) given in exchange of strategic information for the company. "

Renault estimates, without providing details, that "these extremely serious acts indicate an intent to harm the company and constitute a serious and obvious to (its) obligations of confidentiality and loyalty to the company (..)»..

"My client knows nothing about the case against him"

Considering himself "unfairly hurt," Rochette Bertrand decided to strike back against the voices of his lawyers.

His advice Me Christian Charriere-Bournazel, intends on Monday sue for libel direct quote non-public proceedings before the police court. It refers to "the signer of the letter and the Renault is civilly liable," said the former president of the College. "I want to hold those responsible for the Renault to give us what they consider their evidence, since they did not have the reflex to give live to debate as they are now break the life of my client without having taken the precaution to say exactly why. "

In addition, Ms. Charriere-Bournazel has announced its intention to go as fast with Jean-Claude Marin, Public Prosecutor of Paris to learn the specifics of the complaint filed Thursday against X by Renault for "industrial espionage ."My client knows nothing about the case against him, he is put in food to the public and must be justified on the facts which we understand nothing, tenor Parisian rebels. We feel the heart of a trial of the largest Soviet era … "

On the social side of the record, My Marie-Sophie Rozenberg and Sabrina Gabyzon will enter into early next week the Industrial Tribunal to contest the dismissal of Bertrand Rochette saying that "the contents of the letter does not state specific allegations and Renault is based on mere belief can not justify a serious fault fast cash advance. "Both lawyers complain that the disciplinary procedure of the manufacturer is "based on an anonymous letter that does not ensure the reliability of the informant and that does not even mention Bertrand Rochette."

Accused of having opened an account in Switzerland

The executive in question, who maintains his innocence, had written to the director of executive management and senior officers of the Board a letter of two pages including Le Figaro has obtained a copy. Bertrand wrote Rochette being summoned by Patrick Pelata, CEO of Renault, Monday, Jan. 3, for a meeting on "management of the architecture of new vehicles.""So I was very surprised when Mr. Pelata me immediately announced that misconduct had been alleged (..) and that the company had evidence that I was involved in a case industrial espionage related to the electric vehicle with the key money and foreign powers. "

After being escorted from his home by Mark T., a former member of the Police Department for the Protection of the group, Rochette Bertrand says he was "accused of having opened an account in Switzerland on which corporation shall have been made in consideration confidential information that I trasmises to third. Marc T. reportedly said "they had evidence of what he said." "All this is strictly impossible, I suggested to Mr. T. to go to Switzerland to check up on conditions under which this alleged account was opened. "

Remembering be gone the next day early in the afternoon on the TGV to Geneva with Marc T. and one of his colleagues, Bertrand Rochette ensures arriving too late to see this bank account which he repeats all ignore. "It was decided to spend the evening and night in Geneva. Mr. T. we suggested a drink and dinner together, "says Bertrand Rochette. The next morning at breakfast, it was agreed that Messrs. T. and G. pass me up at my room in 10 hours. It was only 11:30 that these gentlemen have "reappeared" and informed me that the visit to the bank, which I still do not know the name, was canceled and we returned to Paris on the orders of Renault .. " This trip would have made abortion "qu'accuenter the nightmare" of the framework in question.

As part of his "dismissal for gross misconduct," Bertrand Rochette was served Friday the obligation to surrender on the field its "laptop, badge, car, mobile phone, credit card, and all business records (he) might have kept. "

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Veolia and EDF lose the light of Paris

Friday Jan 14, 2011

Blow to Veolia: The City of Paris is changing its supplier for lighting. The City Council has indeed confirmed the information in Les Echos on Friday morning that she told the lighting contract of 900 million euros over ten years to a consortium consisting of Bouygues and Vinci and no longer Citelum, a subsidiary of Veolia and EDF. At the Paris Bourse, but the title only loses 0.33% to 22.82 euros, tracking the decline of ACC 40.

Citelum has lost its historic contract with the city. "The tender committee of the Town Hall, held on Tuesday, has selected the offer of ETDE and Aximum, two subsidiaries of Bouygues and Vinci," reports Agence France Presse.

The nomination of the subsidiary of Veolia and EDF was discarded because of a flaw: certain parts required by the procurement code missing from the file Citelum.According to Les Echos, "were missing part of the act of commitment and a schedule."

But the incumbents do not intend to stop there. They filed an interlocutory appeal before the Administrative Court to seek annulment of the entire tender. The hearing is scheduled next week and the decision should be rendered within a few days later. "The signing of the contract is suspended at the judge's decision," they say at the Hotel de Ville, where there is doubt that the decision be overturned.

The exact amounts of offerings are not yet known

"The amount of bids made by the two candidates are not yet precisely known, but they would be less than 900 million expected by the City. It also is rumored that the consortium (Bouygues, Vinci) would have made a financial proposal exceeding that of Citelum, "writes Les Echos.

In late June, Veolia had won the huge contract for the supply of drinking water in the Ile-de-France. The group of utilities, however, had granted a reduction in the price of water of about 6% taxes.

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Wall Street closed at its highest since August 2008

Thursday Jan 13, 2011

U.S. equity markets continued their forward march. On Wednesday, the Dow Jones closing at 0.72% up to 11,755 points in early trade. For its part, the Nasdaq gained 0.76% to 2737 points while the S & P advance of 0.90% to 1286 points. Tuesday, Wall Street was also closed in the green. This is the highest level recorded by the New York Stock Exchange since August 2008.

On the foreign exchange market, the euro goes up the slope against the dollar. He crossed the $ 1.30 increase in the dollar to 1.3131 at the close of U.S. markets.

On the macroeconomic front, investors were waiting in New York specifically to the conclusions of the Fed's Beige Book. These were more optimistic than previous ones.The Fed remains cautious on employment and real estate, notes, however, signs of renewed growth since late 2010.

Moreover, the positive outcome of the bond of Portugal, which has already drawn up European markets, helped to maintain the indices in green throughout the session. "For once, Europe has led us in the right direction, which had not happened lately," noted Volokhine Gregori, of Meeschaert New York."Everybody gets carried away by seeing the news from Europe are good", also confirmed Mace Blicksilver of Marblehead Asset Management.

"The upward trend started earlier this year and stopped by concerns for issues of debt in Europe, took over, supported by the publication of the Beige Book," observed Volokhine Gregori.

Also on the macroeconomic front, import prices showed a net gain in a year in the United States in December, due to the continuation of soaring energy prices. According to figures released Wednesday by the Ministry of Labour, they rose 1.1% while economists had forecast a rise of 1.2%.

Finally, the budget deficit fell in December to $ 80 billion, or 12% lower than December 2009, monthly figures show the Treasury on public accounts.The decline is consistent with the median forecast of analysts.

Chevron profits up to

The side of values, after award, the American oil company Chevron (+0.69% to 92.46 dollars) has indicated that it expected higher profits in the fourth quarter of 2010 than in the third, thanks to higher crude oil prices and an assignment. Chevron reported net earnings of $ 3.8 billion for the third quarter 2010 quarter ended Sept. 30, down 1.6% year on year, reflecting a negative currency impact.

Also in the oil sector, the National Commission to investigate the causes of the explosion of the oil rig Deepwater Horizon in the Gulf of Mexico in April 2010 urged the creation of an independent agency responsible for security offshore operations.The Commission report provides a roadmap for Congress to initiate multi-sector reforms. It will be presented to committee in the House and Senate from 26 January.

For its part, the banking sector has responded positively to the latest report from the American Bankers Association (ABA), which suggests that the default rates on consumer loans rose slightly in the third quarter. Sector values are in the green image of JP Morgan earns 2.57%, Morgan Stanley is 2.68% and Goldman Sachs ahead of 1.30%.

The automotive sector also remains in the spotlight, while the show continues manufacturers in Detroit.The new boss of General Motors (-0.39% to 38.60 dollars) Dan Akerson announced that his group plans to produce this year about 25,000 Chevrolet Volt, its new hybrid vehicle electric motor.

AIG is selling its subsidiary in Taiwan

In the insurance industry, AIG (-1.12% to 58.38 dollars) said it had received an offer from Ruentex group for the redemption of its insurance business in Taiwan (Nan Shan Life Insurance) for $ 2 , $ 15 billion.

The CEO of Sanofi-Aventis said he did not know how far he would go in its discussions on the purchase of Genzyme. For its part, the U.S. Biotechnology company Genzyme (stable at 72.34 dollars) ruled that discussions with Sanofi-Aventis had made progress, but that they remained technical in nature. Genzyme has revised downward its outlook for 2011.

In the coming days, the dance of results continues on Wall Street. Among the heavyweights of the coast, Intel will announce its results tomorrow, and JP Morgan Chase Friday.


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Sarkozy will work with Obama on currencies

Tuesday Jan 11, 2011

Seated on either side of the fireplace in the Oval Office, Barack Obama and Nicolas Sarkozy made a brief statement Monday, after a working meeting of about an hour on the issues of the G20, which takes place in Cannes in November . Besides the sacred union against terrorism, Obama has assured France's support for the G20.

Very warm, multiplying words of friendship and consideration for the French leadership on these issues, Barack Obama was careful not to give any pledge on the specific issues that are defended by the Elysee. The U.S. president has said that "too many imbalances" in the world, without specifying their nature. "France and the United States will make proposals on currencies and commodity prices," assured his side Nicolas Sarkozy.

The issue of foreign exchange spot, however, Washington on the defensive.Nicolas Sarkozy has repeatedly criticized the role of the dollar, global currency and reserve currency, driven without consulting with trading partners of the United States. Washington believes that emergency money is more on the side of the euro area still mired in the debt crisis. The United States has repeatedly expressed concern about this, pushing the Europeans to agree in an emergency. On Monday, Nicolas Sarkozy has sought to reassure Barack Obama and U.S. Treasury boss Tim Geithner, the "efforts of European partners to bring more European Governance by the end of the year," slips a collaborator of the French President .

Openness and frankness

Long considered by Paris as an opportunity to define a "new Bretton Woods," the G20 in 2011 is now presented by the head of state with extreme caution."We are only at the beginning of the G20, which has really only started in January. We must go forward step by step, by setting very specific goals, "warned the president's entourage. The first step is to "pass the seminar with China in March," it warns. The latter welcomed the "frank" and "openness" of Barack Obama, and the presence of any U.S. president's team around him during this interview. "This has prevented misunderstandings," said a relative of the head of state, and that when making appointments to the White House open to business circles close to Republicans, known for their open hostility to the French proposals in regulation.

"We have also come to reassure. No, we do not want to make revolution and we lost in stratospheric proposals. No, we do not want to destroy the dollar.No, we do not want a fixed exchange rate on raw materials, "summed up one senior source in the entourage of Nicolas Sarkozy. Even if the United States remains very skeptical about the need to regulate commodities, the discussion on Monday was "good," said the Elysee, "They want an attachment to the market price, but they understand the need a transparency about the state of stocks of raw material to avoid speculation, and they are open on the regulation of products derived from raw material. ".

Accompanied by his wife, Carla Bruni-Sarkozy, and Foreign Ministers Michele Alliot-Marie, and Economy Christine Lagarde, Nicolas Sarkozy then continued the conversation with his U.S. counterpart at a luncheon focused on diplomatic posts.

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