The U.S. stock market should take another step forward Tuesday. The index futures are predicting an opening up U.S. markets. Future Standard & Poor's 500 and Nasdaq 100 advancing in effect respectively by 0.43% to 1081.20 points from 0.55% to 1 830.25 points. The night before, after long hesitation which direction to take, the New York Stock Exchange finished the session up into smaller, undecided before the start of the season results with the aluminum producer Alcoa. The Dow Jones gleaned 0.18% to 10 216.27 points and the Nasdaq 0.09% at 2 198.36 points.The broader index Standard & Poor's 500 index of leading his side to finish by 0.07% to 1 078.75 points.

On the foreign exchange market, the euro dropped sharply against the dollar Tuesday, weighed down by the lowering of the sovereign rating of Portugal in the ratings agency Moody's, which relaunched the concerns about the fiscal health of the member countries of the euro area .

On the side of macroeconomic indicators, the U.S. Department of Commerce must publish the figures for trade balance in May while the Treasury will unveil the state of the U.S. budget.

Publications for

On the side of values, Alcoa started the ball rolling quarterly results yesterday after the close of the NYSE. The group returned in the green in the second quarter, with net income of $ 136 million, against a loss of $ 454 million a year earlier, and expressed "great prospects".For a year, Alcoa had recorded one quarter in the green, in summer 2009, but the whole of 2009 was marked by a heavy loss to the tune of $ 1.15 billion .

Always on the side of values, the burst of U.S. results will continue this week with the technology companies Google, Advanced Micro Devices or Intel and banks JPMorgan and Bank of America. Citigroup and General Electric will unveil their findings Friday.

Also note, a hedge fund, the fund Cambridge, filed a complaint against Morgan Stanley, Goldman Sachs and ten other banks in the hope of recovering lost $ 1.2 billion in securities backed by mortgages subprime .

The internet group Google on Monday launched a new tool, "App Inventor", which should allow all users to create their own applications

Saint Gobain turn a historic page in its history. Jean-Louis Beffa who presided for a number of world production, processing and distribution of building materials for over twenty years, has bowed out at the General Assembly (GA) annually. Although his departure is long, the emotion was the appointment of the AG.

His successor, Pierre-Andre de Chalendar confirmed its objective of a rebound results in 2010 and said to expect solid growth in operating income in the first half, compared to the same period last year as over the second half of 2009.

"Activity levels of the various businesses of the group in April and May clearly confirm the trend of improvement in March," said Pierre-Andre de Chalendar, which should add at the end of the AG function president than he is currently CEO.

But these signs of recovery are highly differentiated according to geographic location. "In Western Europe and North America, the recovery remains hesitant," he warned. "The effects of recovery plans are very uneven and the uncertainties on the financial strength of certain states, or issues relating to the consequences of public deficits, still gives an idea of the times". He added: "The contrast is striking with Asia and Latin America, where the crisis is already a distant memory."

A solid first half for

Pierre-Andre de Chalendar sees these geographic disparities confirmation that the group should continue its internationalization initiated by his predecessor and even accentuate, this time beyond European borders no faxing pay day loans. "I am convinced that Saint-Gobain will be in ten years (…) a larger group outside Europe, but a group rooted in its territories," he said.

The group made last year 16% of its turnover in Asia and other emerging countries – awarded to North America – 29% in France and 42% in the rest of Europe. He intended this year a large portion of these investments to high-growth areas, particularly in the solar sector.

Strong rebound margin

Pierre-Andre de Chalendar, who maintained the targets for the full year – strong growth in operating income at constant exchange rates, a sharp rebound in margins and free cash flow – for items delivered the semester ends in view of the improvement observed that since the end of the first quarter.

"Accordingly, and considering the impact of programs, achieving cost savings, operating profit of the group should continue to improve in the first half of 2010, with both strong growth over the first half of 2009, and sustained growth over the second half of 2009, "he said.

The interim results, that Saint-Gobain published July 29, will also benefit from favorable comparisons.The company posted an operating profit of 930 million euros in the first half of 2009 and 1.286 billion in the second.

Beware the "domino effect". This is the message that Louis Welsh, head of EADS, the European governments address in an interview with German newspaper Handelsblatt on Monday. "We tell our clients in government: we understand that you need to save money. But do not destroy the fundamentals of our industry. "For Louis Welsh, it is imperative to" protect the research and development "in Europe.

Keeping a stable euro

The boss of EADS look very closely monitoring the crisis of the euro. While the costs of aerospace group are charged in Euros and aircraft orders paid in dollars, the decline of the euro is good news in the medium term. However, Louis Welsh stressed the importance of stability of the euro.If he refuses to make any predictions on the future of the euro, the president of EADS warned European governments against excessive rigor.

The more so that the defense is particularly affected by fiscal efforts put in place either side of the Rhine. In Germany, the Defence Minister Karl-Theodor zu Guttenberg said that large spending cuts would be made. In France, the government should cut sharply in the 2011-2013 budget of the defense. According to Les Echos, fiscal discipline could cost between two and five billion euros to the defense the next three years.

"National priorities different"

Another concern expressed by Louis Welsh, the risk of every European country favor of "different national priorities," which would jeopardize the common defense different programs, such as the A400M military transport aircraft."That adds up to be a domino effect for the sector," warned the skipper of EADS. As negotiations dragged on, the group hopes to finalize the contract on the A400M customers with the seven countries (Germany, France, Spain, Great Britain, Belgium, Luxembourg and Turkey) "by the end of July," adds Does it pay day loan cash advances. The first copy of the A400M will be delivered to France in early 2013.

In this interview, Louis Welsh hopes to resume delivery of EADS Tiger combat helicopters to Germany this year. Berlin had suspended its order for 80 helicopters built by Eurocopter subsidiary of European giant last week due to technical problems. An order valued at 3 billion euros. "We deliver two new machines to the German pilot test in July.If the tests have a positive outcome, we can deliver five Tiger this year. "

Tensions around the tanker contract

Regarding the close battle opposing EADS Boeing to provide tanker aircraft to the U.S. Army, Louis Welsh rising tone. "We receive daily obscure and unfounded accusations of Boeing in the U.S.," says he. The American manufacturer EADS last Tuesday accused of attempting to develop trade relations with Iran and other countries hostile to the United States. Boeing advocates also believe that development aid granted to EADS and Airbus by European governments are illegal. "The growing nervousness Boeing shows that we have a chance to win," Louis Welsh analysis.

On the home front, EADS is not in lack of challenges.Decidedly optimistic, Louis Welsh ensures that the timetable for the A350, the future long-haul Airbus, will be honored with a commercial launch planned for 2013. Furthermore, the production of A380 superjumbo is now "under control". The program will return a profit within five years, says Louis Welsh. But everything will depend on developments in the euro-dollar.

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Boosted by the next course of World Cup football, the legalization of online gaming is now effective. Finally passed in Parliament on April 6 last, the law introducing the opening to competition of Paris and sports games online poker was passed on Thursday.

While meeting the demand of industry players to open their sites to French Internet users, the law is a practical framework previously existing well and illegal. One of the decrees implementing the Act stipulates the establishment of a regulator of online games (the Arjel), who will issue such authorization to operators to enable them to exercise. A process that should make effective the opening of the French market just for the inauguration of the FIFA World Cup, June 11 next. Big industry players such as Unibet, Bwin, Unibet or French Manga Gaming, will include the ranks.

For the law, which states that "gambling and chance are not an ordinary trade or a regular service," intends "to restrict and regulate the supply and consumption of games and monitoring their operations" . Objective: to protect both minors and compulsive gamblers, and prevent the development of fraudulent money laundering, terrorist financing …

100 million euros a year into the coffers of the State

So far, only the French Games and the PMU were allowed to propose to French Internet betting online on sports issues. Players of the Hexagon does not, however, deprived of illegally betting on foreign sites accessible in France. As proof, the market for online paris in France is estimated at 3.5 billion euros, of which only one third done with legal operators.In total, the state could reap as many as 100 million euros per year tax on these transactions by taking 7.5% horse or sports updates, and 2% of the stakes poker players.

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Once again, Apple imposes its views in Orange, SFR and Bouygues Telecom. For its release in France in late May, the touch pad, the iPad will not be sold in their shops. Duplicating its model designed in the U.S., Apple will book the sales in France to its own stores, both Apple Store opened late last year in Paris and Montpellier, its website and retail mix in electronics. Distributors Fnac, Darty and Boulanger, Surcouf, already used to sell iPhone and Mac, will be the four most affected, according to an industry source. This will involve "a large number of stores," said an already Darty spokesman told AFP.

The tablet, however, will not be found in the shops of the three operators.Then they hoped "to generate traffic with the curiosity that is likely to generate the iPad [...] Steve Jobs has imposed on them an absolute bar to" Les Echos noted Wednesday morning. Apple would indeed set the iPad closer to a computer than a smartphone. Orange, SFR and Bouygues Telecom will be content thus to propose specific plans for the 3G version of the iPad, as they already do for the iPhone paydayloans. According to the scenario under development, Apple will contact the operator chosen by the client to forward him a SIM card and Micro-activates its line. But all the steps and subscription management package will intervene directly on the iPad.

It is around the price and terms of these packages lie the remaining uncertainties.In the U.S., Apple set to AT & T plans to develop 3G no time commitment, to 14.99 dollars per month for 250 MB of data exchanged or 29.99 dollars for the unlimited. In France, the operator suggested that "the price and features of these packages will vary from the key 3G standard, which hover around 30 euros, according to Les Echos. In fact, they fear that the tablet from Apple, with its larger screen than the iPhone, is developing new uses more bandwidth-intensive, particularly video. This could bring down the price of subscriptions up. In the U.S. market, AT & T said, however, expect that the iPad achieve more WiFi version, thus saving the mobile network.

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MEPs call last Tuesday and Wednesday on the reform of Chambers of Commerce and Industry. The text provides enhanced regional giving more weight to the 22 regional chambers, leaving a major initiative to 126 local chambers attached to them. Both supporters and opponents battled for months. The elected officials of small rooms were afraid of losing their freedom. The Board of Paris wanted a status recognizing the specificity of the Paris region. She satisfaction. The Chairmen of the Boards of nine major cities (Lille, Lyon, Marseille, Nantes, Strasbourg, Bordeaux, Nice, Toulouse, Paris), grouped in the Association of Metropolitan ICC, asking for adjustments taking into account the local government reform. "I auditioned more than 50 personalities.The text has found a good balance, "says Catherine Vautrin, UMP deputy from the Marne rapporteur of the bill reforming the consular network and vice-president of the National Assembly.

LE FIGARO .- Members consider the draft law reforming chambers of commerce and industry. That will change this reform?

Jean Francois-BERNARDIN. – The necessary reform has been the subject of much discussion and wide consultation within the ICC network. To better meet the needs of businesses, this innovative reform aims to combine the emergence of regional and maintaining the territorial proximity. Hence the establishment of chambers of region and territorial chambers.This balanced reform, thanks also to the work of Parliament, is sufficiently flexible to allow each region based on its individual merits, to decide what it wants to pool at the regional and local store.

The chambers can pool resources such as general computer, payroll, legal services at the regional level, policy coordination heavy training or support to the world, while remaining firmly rooted in the departments. The innovations of territorial chambers can more easily be generalized to the national and regional level.Finally, the reform will provide businesses with seamless service quality throughout the territory.

The new elected regional chambers they decide everything?

But the new elected chambers in the region are also those who will lead the ICC territorial! The reform granting them a great capacity for initiative. The chamber region collect tax revenues paid by businesses. His elect will redistribute this money to the needs of territorial chambers, but also in terms of collective projects of ITC in the region.

The contributions paid by businesses will they drop?

The reform is partly about! We have stated repeatedly that we were ready to lower our tax burden by 10% in five years personal loans for people with bad credit.Is a serious commitment. If everybody did the same …

The government wants more. Can you do this drop in three years?

We do not refuse to do better. We are discussing with the government. We must find the most cost-effective. If you reduce your revenue by 20% and efficiency 50%, no one wins anything. We hope there will be a real impact study before any decision to avoid budget that we are forced to cut services useful to businesses.

A drop too much she would staff reductions?

We do not want layoffs, no more than the government.That's why we're fighting on the pace of implementation of the reform and reduction of our revenue.

The reorganization does it have consequences for employees of the rooms?

The staff of territorial chambers should be legally attached to the chambers of region from 2013. The presidents and the Director General of the ICC will retain territorial obviously command responsibility. The reform will create new opportunities for employees of ICC and regional authorities in their region.

How long will the upgrade does?

There will be no big bang day after the vote on reform by the Parliament. This reform represents a new stage of our modernization. It will take three years, five years or more to produce its full effect. We are determined to go as quickly as possible.The modernization of the Ministry of Economy, which begins to bear fruit, began a decade ago.

The Paris Chamber of Commerce wants the reform to be adapted to the needs of a world class capital. Have you found a common ground?

The bill provides that the Paris area has eight rooms grouped in a single departmental public institution in the region. The eight rooms have the same missions near the territorial chambers.

The number of rooms will he fall?

This movement, which is already underway, will continue. We've gone from 167 to 148 rooms, and soon 126 at the end of the year. Nord – Pas-de-Calais had 12 rooms, it does have more than 4.

Our goal, broadly speaking, a room for departments to keep close with companies.But the condition of maintaining this proximity is to accept to play collective regional level.

When the elections took place?

The prime minister and our minister, Herve Novelli, want elections to take place before the end of the year. This will probably start in December because it is time for our network to focus on the essential: the support of our businesses and our territories.

At the opening, the Dow Jones rose 0.10% and the Nasdaq by 0.18%.

Despite an increase in enrollment weekly unemployment and a shrinking numbers of consumer credit, U.S. investors appear to have courage and choose again, these days, for optimism. They show little worried, finally re-emerging doubts about the ability of Greece to honor its debts. Perhaps partly because, unlike the French or German banks, U.S. banks are not exposed directly to the crisis in Greece.Banks also suspected for 18 of them have, over the last 5 quarters, artificially reduced their debt just before the end of the quarter.

No significant new flag is expected before Monday, except on Friday, figures from U.S. wholesalers' inventories for February, which will be published this afternoon at around 16H00.

Yesterday, while European stock markets in the green-mountain this morning showed an average decrease of 1% of their stars indices, the Dow Jones closed 0.3% awarded in the S & P 500 also, and the Nasdaq Composite 0.2%. One way to greet the rise, much higher than expected, sales of major U.S. retailers: Index by Thomson Reuters, they rose in March by 9.1% against 6.3% expected, the highest since 2000.Taking advantage of some better weather, 28 distributors have seen their turnover increase by over 9% a year, a further sign of improving consumer confidence. Gap saw its turnover grow by 11% against 3.7% expected and Kohl's, 22.5% against 12.4% expected cash loans Guaranteed approval ". In the luxury, Nordstrom posted sales up +16.8%.

These values should continue to lead the coast on Friday, and Apple, which yesterday announced a new version of its operating system for the iPhone and iPad, and sales 450 000 iPad since Saturday.

Also to follow, the aviation sector, led from the rumors of merger between U.S. Airways companies (+10.7% at closing) and United Airlines (6.8% at closing), Thursday, at the New York Stock Exchange.UAL (6.75% to 20.23 dollars), parent of United Airlines, is in talks with U.S. Airways (10.70% to 7.55 dollars) for a combination that would create the One of the largest airlines in the world, according to The New York Times and the Wall Street Journal. This operation would be carried out no exchange of shares.

China's ambitions to Tiffany, who wants to spend ten to thirty five the number of stores across the Rising Sun could give impetus to the value.

The California oil company Chevron (0.37% to 77.66 dollars a barrel) announced yesterday the results on the first quarter of 2010 as the fourth best in 2009. The group takes advantage of the rising oil prices and a possible improvement in its refining margins.The major U.S. must publish its accounts on April 30.

In the pharmacy, the distributor McKesson Corp. said it will sell its Asia Pacific unit, which provides health services through telephone and Internet, Medibank Private Limited. Giant Australian health services and insurance.

As he finished 2009 with growth of 6% while it had begun with a fall of 14.5% in the first quarter, Turkey began a spectacular end to the crisis that has been entered in the recession a year ago. For 2010, the IMF puts growth in Turkish head of those emerging countries.

It has these good results and promising of these forecasts, the Turkish prime minister's visit to France, boast of the advantages of its economy. Over two hundred French entrepreneurs must meet Recep Tayyip Erdogan Medef Wednesday afternoon.

France is the second largest foreign investor in Turkey, with 593 million euros invested in 2009, while Renault has traditionally absorbs about a quarter. All the major French companies now rely on the potential of the 17th world economy.Leroy Merlin opened last week its first store in Bursa, a city in the West, Alcatel has opened a research and development center in Istanbul in March, Accor already has eight hotels and Axa is the first insurance company .

The weak link of the French presence remains that of SMEs. Only 40% of the 325 French companies are SMEs, disability compared to the Germans or Italians. However, "intensive trade between the chambers of commerce and regional partnerships are being put in place," says Raphael Esposito, director of the French Chamber of Commerce in Turkey Guaranteed payday loans.The environment sector looks particularly promising: the investment required for compliance with European standards is estimated at 70 billion euros in the next decade.

GDF ranks in Istanbul

Last year, bilateral trade totaled nearly 10 billion euros – the goal is to reach 15 billion euros in 2012 – and France became the 6th supplier of Turkey and its second largest client. "The sales volume has risen despite the crisis, welcomed a Turkish businessman T?siad member of the influential business association. Tensions are benefits and political tensions between the two countries save us. " In 2006, a bill to criminalize denial of Armenian genocide triggered a boycott of hexagonal Turkey.Paris's opposition to its entry into the European Union is still felt in the public tenders. Gaz de France is in line for the privatization of gas distribution network of Istanbul. But it is the Koreans who have signed a preliminary agreement in March to build the first nuclear power plant in Turkey.

Finally, the Franco-Turkish partnership in third countries represent a new avenue of cooperation. The French can benefit from the settlement of Turks in the Middle East and Central Asia and the Turks take advantage of the French presence in North Africa.

PSG back, this time on the judicial scene. Since last Monday, said the trial of "questionable transfers" opened at the Paris Correctional Court.

At the helm, Lawrence Perp?re and Francis Graille, the presidents of the football club Paris at the time, the club itself, Nike France, two of its leaders and new players' agents, referred to "forgery and using false and unauthorized practice of the profession of players, like Richard Bettoni or Rako Stojic.No player is concerned, even if they could tax adjustments.

Between 1998 and 2003, the PSG players like Ali Bernabia or Ronaldinho would have received salary supplements that enabled PSG to pay less payroll and players less taxes, as magistrates pole of the Palais de Justice , Paris Renaud van Ruymbeke and Fran?oise Desset, who are investigating this issue since 2005.

Fictitiously inflating their role and responsibility, all 25 players involved have been inflating their commissions, and creating images contracts with Nike, they hit pay additional cash advance . These are the components of the charge.

The image rights dispute

The President, Quentin Chantal, the court stated that "some abuse of social good has been a non-place '.In other words, there was no personal enrichment.

On the image rights of players, Nike France says she bought them with consideration. But the president noted the "messages" which, for the prosecution proves the carat?re fraudulent transactions between Nike and the PSG. "If it happened that the sponsorship contract is terminated, the PSG is committed to guarantee the payment of such sums," Francis Graille mentioned in a note.

This issue of image rights will be discussed on Tuesday and Wednesday. The trial is expected to end April 14. The three remaining weeks will be spent on transfers.

The defendants face up to three years imprisonment and 225,000 euros fine for corporations. PSG may also pay 5.8 million euros that could be claimed by Urssaf.

Alstom! President Nicolas Sarkozy will never tire of telling Sarkozy the Minister of Finance in 2004. Whoever saved Alstom decommissioning by the German Siemens. He never ceased to recall this episode, during countless visits to factories. It is true that the rescue of Alstom was the founding act of Sarkozy statist. Finally, more along the lines of Napoleon III and Saint-Simonian as laissez-faire and ultraliberalism which accused his opponents.

During the 2007 campaign, the candidate Sarkozy has never released this theme. He was seen walking the plant “more than all the candidates from left, like he repeats, in criticizing the years Jospin, when the Socialists attempted to explain that” the State can not do everything ” . This direct contact, rough, with workers in their production sites became “the” visual signature of the candidate in 2007, and the new president.

So much for the rhetoric and symbols. Regarding acts, the Elysee said that the States General of the industry are a step in a long list of initiatives that have already been implemented. Since four billion research tax credit (CIR) voted in 2007, affecting 80% industry, until the reform of business tax – offset by the Parliament – through the great debt, and creation of a Strategic Investment Fund (ISF), excluding the merger of GDF with Suez. Sarkozy believes that it has twice as hard on the industry since his election. And if the results are awaited crisis requires, the Elysee said that “for the first time, the market share of French exporters in the euro area began to recover after more than ten years of decline” payday advance lenders .

This intervention, he claims, is intended to continue and even increase. Because, says the head of state is what the public expects of him. The closure of the plant Gandrange folder in which he pledged personally, was not well received, even if the workers have been reclassified. Result, he does not hesitate to push his Minister of Industry, Christian Estrosi, nothing to loose on sensitive issues such as Molex, Heuliez or Philips. A few days ago, he also lobbied for Christophe de Margerie as Total – a group 100% private – do not touch its French refineries, but overcapacity.

The new milestone was reached Thursday: the reorganization of the state shareholder. More questions to leave as much freedom as before to companies in which the state has an interest.In announcing that henceforth, a representative of the Ministry of Industry or ministry will be named “systematically” the board – next to the administrator of the Agency for State Participation (EPA) — the message is clear: the state will no longer have eyes only on its financial business, he also wants a say on strategy. The Elysee said that this concerns mainly La Poste, France Telecom and Renault …. What could prevent future, Carlos Ghosn is urgently summoned to the Elysee when the guidelines that the CEO wants to take his automotive group is not to the liking of its largest shareholder …

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