9 Feb
After the sharp market downturn in Paris last weekend, with the Cac 40 lost nearly 7% in 48 hours, optimism is in order at the beginning of the week in the Paris Bourse. Around 10:30 am, the CAC 40 is up over 1.2% to 3607 points.
On the macroeconomic front, gross domestic product (GDP) of France is expected to grow by 0.5% in first quarter 2010, according to a first estimate of the Banque de France (BdF) on Monday.
The latest forecast from the National Institute of Statistics (INSEE) published December 17, the economic recovery in France will be confirmed in early 2010 but will be "laborious and delicate, with a growth of around 0.3 % to 0.4% per quarter until midyear.
The government recently revised upward its growth forecast for this year, rose 0.75% to 1.4% in the revised budget.
INSEE has published Friday its first figures on French growth in the last quarter of 2009.The government forecasts a GDP drop of 2.25% over the last year.
As for values, the revival of this earlier this week arises: half a dozen values were lower at the opening.
Dexia climbed after strong green light from Brussels
The year 2010 will be tougher than 2009 for the Franco-Belgian bank Dexia (6.56% to 4.29 euros) due to the acceleration of the implementation of its restructuring plan which has received the green light with Brussels, said Sunday the group's managing director.
EDF (+1.54% at 38.20 euros) and Areva (0.45% to 313.75 euros) announced late Friday it reached an agreement on the processing of uranium used in nuclear power plants of 'electrician question at the heart of a dispute between the two groups for several weeks payday advance online .The CEO of EADS (+0.04% at 14.11 euros), Louis Welsh said in Munich last Saturday he expected a "clarification" on the financing of additional costs for the Airbus A400M military "before the end of next week. "
GDF Suez (+1.05% at 26.50 euros) could revise its bid for International Power Plc, particularly the terms of its offer in cash, reports the Independent on Sunday, citing sources close to the French group.
The Autorité des marchés financiers (AMF) has asked for new commitments to Bélvédère (-5.28% to 34.07 euros) in the case of warrants, which in recent weeks between the group of spirits Association Defense of Minority Shareholders (ADAM).
Bongrain (-1.68% to 55.53 euros) has reported a turnover down 7.4% on a comparable basis in 2009, affected by unfavorable economic environment.
Eiffage (+0.68% at 36.42 euros) was able to stabilize its sales in 2009 thanks to a rebound in activity in the fourth quarter.
Several publications of companies are expected on Monday: Altran Technologies (-1.18% to 4.20 euros) pre-market Unibail Rodamco (-0.80% to 155 euros) after-hours trading, Le Noble Age (-1, 72% to 15.40 euros) and Devoteam (stable at 18.50 euros). Faurecia brings an extraordinary general meeting regarding the capital increase related to the repurchase of Emcon.
6 Feb
Manipulation. The word has been uttered by Andrew Cuomo, the Minister of Justice of the State of New York. The latter accused Bank of America (BofA), the largest bank in the United States, having committed a "huge fraud" during the merger with Merrill Lynch. He said the former BofA CEO Kenneth Lewis and his former chief financial officer Joe Price, while two continued, would have deliberately hidden the huge losses at Merrill Lynch for a massive federal assistance.
This "arrogant maneuver" after Andrew Cuomo, would have allowed BofA to validate the merger by the shareholders. Once the transaction is approved, the management of Bank of America has made public the statement of loss and "manipulated the federal government to save the deal with billions of taxpayer dollars, claiming falsely that it would cease the agreement without assistance.
The bank responded by saying "disappointed" and said its leaders had always been "good faith". The respective lawyers of Kenneth Lewis and Joe Price state that the accusations are baseless.
150 million dollars in penalties
In addition to these criticisms, the SEC, the gendarme of the Exchange in the United States, announced Thursday that the agreement to settle other lawsuits related to the acquisition of Merrill Lynch now amounted to 150 million cash advance payday loan . The first agreement concluded in August 2009 set out the penalties owed by Bank of America to 33 million.
The SEC alleges that BofA for hiding its shareholders having authorized its future subsidiary Merrill Lynch $ 3.6 billion in bonuses despite losses of the latter in 2008.
The new deal announced Thursday provides for further measures to strengthen the bank's procedures, including the stipulation that shareholders will now have their say on remuneration of the management team. It must still be approved by Judge Jed Rakoff, who had refused last summer how the first agreement.
The SEC also announced that the proceeds of the fine will be distributed to shareholders penalized by the actions of the bank.
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Merrill Lynch boosts the results of Bank of America
5 Feb
With Twitter, the communication is passed in real time. With Shazam, the iPhone has become a machine to recognize the music. German Aka-Aki opened the madness of mobile location based social networks. These services are transforming our lives for several months have been identified, there are one or two years, the Forum Netexplorateur. Founded in 2008 by Martine and Thierry Bidegain Happe, it seeks to identify innovations that can have a significant impact on the uses digital economy or society. The third edition, including Le Figaro is a partner, meets Thursday and Friday to the Senate in Paris. It is an opportunity to set new standards in the "socio-digital revolution" underway.
The winners of the 2010 edition were selected from more than 440 projects emerging. They are part of a new digital world where the Internet becomes ubiquitous.The URL can not be visited more but found himself. Many objects become key input into an ecosystem where real and not real live. Databases and servers are scattered, software and outsourced services, terminal dematerialized. The interface for mobile augmented reality Sixth Sense allows to browse the Internet with a virtual screen projected by a minicam, dial a phone number in the palm of his hand or view a video on a newspaper article. Accessible from anywhere, this new Internet makes the user knowing. With mobile browser layar augmented reality, any building or environment is an opportunity to unwind "layers of virtual information.Augmented with TAT ID, the user can display a variety of virtual cards and virtual social networking profiles around her face, free to the caller to download this information.
Freeing the user of the computer
This ecosystem is emerging as new human-machine interfaces capable of freeing, ultimately, the user of the computer or a smartphone. The aircraft of the future will respond to a voice command, gesture or brain. The French HiLabs has already begun to deploy an intelligent window on the windows of merchants Grenoble: responding to displacement of people, she then called by a movie, the way to interact with one giant touch screen (Eyelights).
On the Internet also should be contacted individually to the consumer.Social networks like Facebook and Twitter is why a "hunting ground" ideal marker there conversations on Internet brand and integrate it with an ad campaign that takes account of these opinions (People Powered Ads).
In this new digital world order, and environmental organizations are impacted first. The technology can learn to change and therefore it is the creed of Source Map, which shows the carbon footprint of a product or a food or Mobile Lucas, who turns the mobile phone Minilab analysis medical use and particularly to distinguish true and false cases of malaria.
Similarly, the Better Place project relies heavily on intelligence network, able to indicate to drivers of electric cars recharging station nearest, then manage the transaction load and billing.At work, it calls for transparency on the powers of his future employer to decide to change. What improve individual productivity or collective, as the founder of the website Get a Great Boss. In parallel, microtâches can be relocated and create microjobs for solidarity: the draft Work Give an iPhone application developed by Samasource, which proposes to perform computing tasks mechanical ( "tag" a video detailing card, test application) by refugees from Dadaab camp in Kenya. Initiatives that, once industrialized are likely to reverse the tide.
4 Feb
Validated: This morning during a special Board of Directors, France Televisions has decided to enter into exclusive negotiations for the privatization of its governed France Televisions with Lov Financial Advertising and Publicis.
Only staff representatives voted against while Dominique Wolton abstained after proposing to delay the decision. Indeed, Patrick de Carolis, president of France Televisions has written his "tutelage" in this case Christine Lagarde and François Fillon asking them to affirm the necessity of selling the board even though a number of parliamentarians proposes maintaining advertising day.The president of France Televisions would, however, felt it unnecessary to await the reply of the State to initiate this discussion and even exclusive it would be absolutely necessary for "guarantees" about possible conflicts of interest with a buyer Stéphane Courbit, who is also a supplier of programs for antenna France Televisions payday loan .
Side employees and representatives are upset that the proposals of the candidates certify the absence of socially for three years for the Metropolitan France. They argue that the end of the pub on their RFO does not give sufficient guarantees in respect of employment.
"We have a bitter taste," said the representatives of the CGT – the majority union at France Televisions."We feel that the assets of the company is sold off and we find this shocking distinction between employees of the Hexagon and those DomTom. Finally we fear that in a few weeks all realize that this assignment was useless because of changing legal requirements.
2 Feb
After a session with no real trend on Monday (0.07% to 10,205.02 points), Asian stock markets resume upward trend Tuesday. The Nikkei 225 ended the session sharply higher by 1.63%, driven by gains on Wall Street yesterday, the relative stability of the yen and the revival of the Toyota shares after the announcement of a cure his technical problem. At the close, the Nikkei 225 index of blue chips gained 166.07 points (1.63%) to receive at 10,371.09 points.The broader Topix index of all securities in the first table has taken his side 14.21 points (1.58%) to 912.82 points in a market where activity has yet revealed quite low, with 1.88 billion shares traded on the market first.
Japanese carmaker Toyota said Monday that the pieces to solve the problem of having pedal forced to recall millions of cars in the world begin to arrive in Europe "next week".
The U.S. and European stock markets have led the way Monday, the Dow Jones, the CAC 40, FTSE 100 and Dax gaining 30 respectively 1.18%, 0.60%, 1.14%, 0.81%.
Rising commodity prices including gold and oil strongly favors trading companies and oil companies. While the weaker yen against the dollar makes exporting values to increase.The dollar goes back into effect at 90.84 yen.
The oil companies and trading companies benefit
The export values are not to be outdone, Canon Inc. gained 2.7% to 3610 yen, Sony Corp. takes 3.3% to 3160 yen and Kyocera progressed by 2.1% to 8320 yen payday loans .
Regards, Toyota Motor Corp., which has been battered recently on Tuesday, the share jumped from 5.5% to 3640 yen after the announcement of the detailed plan of repair of vehicles recalled by the manufacturer.
The oil companies are the big winners include the results better than expected Exxon published yesterday on Wall Street. The refiner, Nippon Oil gained 5.3% to 441 yen and Nippon Mining Holdings, whose principal activities include oil refining rose 5.2% to 407 yen. Cosmo Oil takes 2.6% to 200 yen. The tanker Inpex was up 2.3%.Sumitomo Metal Mining Co. gained 1.5%.
Trading companies also take their game well, Mitsui & Co climbed 3.8% to 1342 yen, Mitsubishi Corp jumped 4.5% to 2237 yen and Itochu Corpb rose 2.9% to 709 yen.
Among the values sharply down, the action of Tecmo Koei Holdings Manufacturer of video games fell 9.5% to 630 yen after the announcement of a delay in the launch of some key games such as "Quantum Theory" and of lowering its forecast for annual operating profit by 97%.
From the financial side, Nomura Holdings (+1.6%) announced Tuesday for the third quarter, a third positive quarterly result in a row. Between October and December, net profit reached 10.2 billion yen (77 million euros).
Softbank gained 3.8%.The telecommunications group introduced on Tuesday a net profit for the first three quarters of fiscal 2009/2010 to 94.86 billion yen (711 million euros), up 63% over one year. A result supported by the mobile business.
31 Jan
The president of Toyota, Akio Toyoda, today apologized for the recall of its models in an interview on public television NHK.
"We are extremely sorry for having caused discomfort to customers," said president of the Japanese group, interviewed on the sidelines of the Davos Forum in Switzerland. Toyota is looking for reasons for the problem and explain to customers to allay their fears, "he added.
Up to 1.8 million: the number of cars sold in Europe that the Japanese car manufacturer Toyota will recall at its plants, a lack of accelerator pedal already detected in the United States, Canada and China .Toyota had announced the recall Europe before yesterday, but without the encryption.
Eight models concerned
A statement from Toyota, "the precise number is still under consideration, but could reach 1.8 million vehicles" recalled in Europe. Eight models are concerned: AYGO, iQ, Yaris, Auris, Corolla Verso, Avensis and RAV4. But "no Lexus or any other Toyota model is affected," says the group.
The cause of the recall is a defective design of the accelerator: in some cases, the pedal may stay locked in position down free credit report .The same problem has already caused the recall of 270,000 cars in Canada, 75,000 in China and 2.3 million primarily in the United States, where the group has even had to suspend production and sale of eight models, an unprecedented step.
"There is no need or intention to stop production in Europe," says Toyota Friday, who said he uses the more contentious parts for cars sold on this continent. The Japanese group says he tries to normalize the situation as quickly as possible, saying he has "found a solution to the problem" and that it will provide instructions to all its customers when its effectiveness will be verified .
Tadashi Arashima, head of Toyota Motors Europe, has also tried to reassure by saying that the accelerator problem "happens only in very rare circumstances.The action announced is a preventive measure, intended to ensure the highest standards of quality for all consumers. " "We recognize that the current situation creates concern, and we deeply regret," he further stressed.
29 Jan
Finally! After six sessions of declines, the Bourse de Paris displays a better form. In the green at the opening, the CAC 40 – which posted a gain of 0.46% to 3705 points in early trading – has continued to display good orientation to the closing up 1.37% in 3739, 46 points, boosted from 15 hours through the publication of the first estimate of GDP in the United States for the fourth quarter of 2009. She stood at 5.7% (5.4% on average expected).
According to Christian Parisot, head of economic research at Aurel, "this figure is reassuring for markets and for the future." But that rebound is partly 'technical', relativize does. He explained to the tune of 3.4 points from a "stock effect". Croissancedu the fourth quarter will be weaker in the first quarter of 2010, he said.
Markets have also been able to welcome the extension to the head of the Fed Ben Bernanke.In choosing the U.S. Senate is also banking on a continuation of the current monetary policy, marked by very low rates. The news is welcome.
Across the Atlantic, the figures of industrial activity in the Chicago area for January were also pleasantly surprised: ISM index rose to 61.5. Then, ten minutes tardn it was the turn of consumer confidence as measured by the University of Michigan to give pleasure: it has been revised upward to 74.4, reaching its highest level in two years.
The LSE has also finished up Friday, the FTSE-100 index of leading values winning 42.78 points, or 0.83% over the closing Thursday at 5188.52 points. On Wall Street, the trend is still upwards, two hours after opening.
However, we must put this meeting (plus up to 3764.6 points), including a portion of the increase is purely technical: the week, the CAC 40 surrendered 2.2%, and the peak of the last five session was reached Monday at 3831.8 points …And last week it had dropped as much as 4.9% …
European unemployment 10%
This morning, the European Central Bank announced that the M3 had contracted by 0.2% in December from a year in the euro area, less than expected by markets, while private sector credit remained stable.
Unemployment in the eurozone has reached the threshold of 10% in December, its highest level ever reached since the creation of the single currency of eleven years ago, according to data released Friday by the European statistics office Eurostat.
Inflation, which was as expected, has accelerated in January, 1% a year from 0.9% in December, according to a first estimate published by Eurostat this venrdedi.
28 Jan
"The talk also follow on Twitter: @ letalk
"800 000 hires zero expenses in 2009
François Fillon is in favor of a law on the burqa
Two ministers and a lame call to solidarity
26 Jan
Optimism has assembled at the meeting on Monday is no longer valid. It is now time for hesitation. At half past one in the opening, the Dow Jones future is at equilibrium: 0.02% at 10,137 points, the Nasdaq future is 0.20% at 1802 points and the S & P fell by 0.10% to 1092 points. The wait looming for this meeting due to a series of bad news from Asia. Firstly, several Chinese banks have decided to suspend their loan in January, reviving fears of a credit crunch in the country. Then, Standard & Poor's Tuesday placed under "negative outlook" rating of the long-term debt of Japan, thereby indicating that it plans to lower it.This decision concerns the recovery of markets for public finance states that have spent heavily to fight the global economic crisis.
In Europe and Asia this morning, the mood is rather low point. Attention and caution are in order before a series of published statistics.
Before opening, 15 hours, U.S. investors will know the price index S & P real estate. At 16 hours, the Federal Housing Finance Agency will publish its house price index. At the same time, markets will see the index of consumer confidence and investors.
Apple supervised
The value to follow today is Apple. The group of Steve Jobs announced Monday night for its first quarter of fiscal year 2009-2010 a quarterly revenue 15.68 billion, up 32% over one year and a quarterly profit of 3 38 billion dollars.After Market Monday, the title had yet eroded as 0.82%, investors preferring to wait until Wednesday and the presentation of the latest creation of the group (probably a touch pad) before deciding. They are also disappointed by the performance of the iPhone which has sold 8.7 million copies against the 9 million expected. On Tuesday, Morgan Stanley raised its price target on Apple to $ 250, same for JPMorgan ($ 240) and Barclays (265 dollars).
Yahoo! will also be monitored. The Internet giant releases its annual results after market payday loans . Google the title should also react.
DuPont has announced a profit of $ 441 million in the fourth quarter against a loss of 629 million a year later.Brought back in action, this equates to earnings of $ 0.48, well above the $ 0.41 expected by the market.
Verizon Communications has announced a net loss of $ 653 million in the fourth quarter against a profit of 1.24 billion a year earlier. The group affected by the cost to attract new customers, however, having seduced announces 2.2 million mobile wireless customers in the quarter, a figure that exceeds the expectations of Wall Street.
Travelers reported, before market, with net earnings up sharply from 60% to 1.285 billion in the fourth quarter. Brought back in action, this is equivalent to 2.12 dollars, above the $ 1.49 expected by analysts.The turnover reached 5.188 billion dollars over the period, down 4% yoy.
Delta Airlines, world's largest airline, announced on Tuesday a net loss of $ 25 million in the fourth quarter, down sharply compared to the 1.438 billion recorded a year earlier. Revenues rose 1% to 6.805 billion dollars, but less than the 6.86 billion expected by analysts.
Texas Instruments has released Exchange Monday after a profit of $ 655 million in the fourth quarter, better than expected by analysts. Side prediction, said the group receiving a high demand on all markets.STMicroelectronics, which publishes its results after the stock market should react in the fuolée.
Johnson & Johnson has announced a net profit in the fourth quarter above expectations at 2.2 billion dollars.
Amgen reported late Monday as forecasts in line with expectations for 2010 earnings per share excluding exceptional items, of $ 1.05 per track while analysts had forecast $ 1.12 on average.
VMware has announced that its 2010 revenues could increase by 21% to 26% after an increase of 8% in 2009 and reported quarterly earnings well above expectations.
24 Jan
Le Figaro. Why start a new international conference?
Richard Attias. – It lacked an event exclusively dedicated to economic issues. It is a central issue both for policymakers and for the general public who suffers face opacity and inconsistency of financial news. In 18 months, nearly 60% of business leaders have changed. A new generation arrives at the controls ready to transform existing business models. He needs a place for dialogue which aims to be pragmatic, that is the vocation of the New York Forum.
How does the New York Forum, from Davos?
I worked 13 years in the organization of Davos remains a very nice event overall, covering dozens of topics with thousands of participants.The New York Forum, it will be "100% business" and located in the heart of New York, which embodies the essence of the vitality and entrepreneurship.
How did you design the event?
It is above all, a platform dedicated to collaborations and partnerships. I work for several states with SWFs are very demanding lighting and development relationship with the business. As for regulators, they are increasingly present. These are all players that we will meet, by invitation, without exceeding the 500 participants, half of which will end U.S. market. My experience leads me to prefer this size to remain productive and systematically guide the discussions towards future action. The forum will take place on 22, 23, June 24Why not lead to a series of proposals which would be submitted 48 hours later, the G20 Toronto? We thus completing the bridge creating with policymakers.
What role will the "New York Times?
Arthur Sulzberger (Chairman of the New York Times editor's note) was immediately captivated by the project and made a look as exciting as constructive. His newspaper is the official media sponsor of the forum, including the closing ceremony will be held at the magnificent New York Times. But beyond this prestigious partnership, I stress the educational dimension of the event. The expectation of the general public for decryption is immense in the field of economics. We must respond in order to reconstruct the conditions of the trust.
Who owns the New York Forum "?
At The Experience, the company I founded in May 2008, after leaving the Publicis group in which I had spent ten years of personal business card . So I sold the 40% of the shares that I held in Publicis Live, Geneva, and I wanted to create a structure dedicated to the design and production of proprietary events. This is the case of the New York Forum "The Experience which takes only funding. My desire is to get involved so the full content of the events j'orchestre. This was already partly the case with the Conference of Nobel Laureates in Petra.
Meanwhile, you've made a detour via Dubai. Have you lost money?
No, because I had not personal assets.I was asked to take the reins of the Dubai Events Management, a Crown corporation in which no private person can not hold shares. I've recruited about thirty employees. Our mission was to exploit the strategic location of Dubai and its fabulous infrastructure, to make it one of the largest producers of world events. We have thus established the "Dubai Fashion Week, started the rehabilitation of the old neighborhood" Al Bastakya, partnered with ESPN, the sports channel from Disney, and the Metropolitan Opera in New York. On my suggestion that this company was, in 2009, sleep, given the international economic situation. I took the opportunity to relaunch The Experience that state of Dubai has helped me to locate there.Our headquarters is in New York we also have branches in Paris and Saudi Arabia.
What other accomplishments of The Experience?
In June 2009, we orchestrated the tenth anniversary of the accession to the throne of King of Jordan, which was attended by 15 000 people. We then set up in Bahrain, an international forum devoted to education. Its success led us to organize the second edition in October. Finally, we put our know-how to the foundation of my wife, Cecilia, who is dedicated to the cause of women around the world. Precisely parallel the New York Forum, there will be a conference called "Dialog for Action". It aims to bring together, on the one hand, NGOs involved in defending the rights of women and on the other, business leaders, politicians, and various experts.Again, the goal is to achieve a plan of action. A commitment.