Archive for the 'economics' Category
After a small setback on Thursday at the opening, the U.S. markets have closed up. The Dow Jones gained 0.10% and the Nasdaq was ahead 0.56%.
This turnaround was due inter alia to the banking shares, despite concerns related to the Greek deficit. Investors were no doubt reassured by the president's Barack Obama who has advocated the adoption in Congress to reform U.S. financial regulation to avoid a crisis similar to that of 2008. And, when Wall Street was shaken by the scandal Goldman Sachs. Goldman Sachs gained 0.09% to 159.08 dollars, Morgan Stanley is up 0.73% to 31.91 dollars. However, JP Morgan Chase 1.34% yield to 44.79 dollars.
The bill provides for the creation of an agency for the protection of consumer financial (CFPA) in the central bank (Fed).It offers a better supervision of the huge derivatives market. The sponsors also seek to end the bailouts of major financial institutions in difficulty at the expense of taxpayers.
From the side of the other values, the Starbucks group (7.33% to 27.25 U.S. dollars) has announced a profit after the close of 217.3 million, or 28 cents per share against 25 cents a share. Revenues climbed 9% to 2.5 billion dollars.
Also note eBay announced a profit of $ 398 million (+11%) and annual sales increased 9% to $ 2.2 billion fast cash loans. "After an outstanding fourth quarter, and a good first quarter, the group is very cautious on the prospects for sale" note the experts at Aurel BGC.The track lost 5.74% to 24.78 dollars.
Also in the technology sector, Apple on Wednesday unveiled the results well above expectations steals record after record. The title of the Apple brand has finished on a new historic high of nearly $ 260 per title. Some rumors suggest that Apple might be interested in undertaking MRA. Apple is the biggest customer of ARM and with the launch of the iPad, the Apple brand would have control over the production of chips. The transaction could reach $ 6 billion. The title gained 2.75% to 266.36 dollars.
The health sector is suffering. The market is increasing concern over the impact of U.S. health reform.Consequence: Merck loses 2.73% to 33.79 dollars, Pfizer was down 0.72% to 16.48 dollars or abandons Johnson & Johnson 0.92% to 64.79 dollars.
In the foreign exchange market remains concerned by the problem of debt Greek, the euro is falling against the dollar Thursday. Around 16 hours, the euro is worth 1.3301 dollars (-0.64%).
Can you still perform in France? At a time when a movement of deindustrialization affects the Hexagon, Saint-Gobain slice on the downturn. On Wednesday, the group inaugurated in Chemill? glass, next to Angers, a glass wool factory last generation called G3. A major investment (100 million euros) with the key, the immediate creation of 75 jobs including 25 items made by subcontractors on the site. And when the unit running at full capacity it will employ 150 people. A move welcomed by Prime Minister Francois Fillon, present at the inauguration: "In France, we built factories! You are proof that our country has an industrial future. "There is no inevitability to the relocation, he said the group's CEO, Pierre-Andre de Chalendar.The cost of labor, even if it is too high in France, is not always an obstacle to industrialization. "
That was 38 years, Saint-Gobain had not started a manufacturing plant in France this kind of product. But other businesses of the group have also recently made the choice of production in France. Mid-February, Saint-Gobain has finalized the extension of a site that makes double glazing Crissey, near Chalon-sur-Saone. With again a few tens of indirect jobs.
Sustainability
If Saint-Gobain is the bet of "Made in France", is by economic realism. "Once the glass wool travel more than 400 to 500 km, transport costs become excessive, recognizes Xavier de Maistre, General Manager France of Saint-Gobain Isover.We therefore produce locally for local markets. "In this case, the group chose to locate in Maine-et-Loire, for he had no factory producing glass wool to the markets of west of France.
Saint-Gobain has also launched the opening of an industrial site, because it believes in market prospects opened by the Grenelle Environment. A bet bolstered by the commitment reiterated Wednesday Francois Fillon not relegated to the status of sustainable development subtopic: "The green growth is not the end of the industry: it's renewal." Thus, Saint-Gobain will have to Chemill? a production capacity sufficient to isolate 100 000 houses per year. However, since 2012, some 300 000 to 400 000 houses built each year will be the standard BBC (building low consumption) to be very well insulated."In addition, there are 22 million buildings constructed before 1973 and 30 million non-insulated and poorly insulated," says one at Saint-Gobain Isover. In fact, the glass wool G3 is a good answer to these problems: compared to previous lines, it provides better thermal protection of 30%. What Saint-Gobain dampen somewhat the crisis currently affecting the construction industry.
ALSO READ:
"INTERVIEW – Saint-Gobain: Chalendar" proud "to replace Beffa
"Saint-Gobain: net profit fell by over 85%
"Those industries that resist the crisis
"Saint-Gobain joined the giant solar project Desertec
Sodexo pushed back to the wall by an elected California. Loretta S?nchez, Democratic member of the House of Representatives, announced on their website have filed an application with the agency responsible for auditing the public accounts in the United States, the Government Accountability Office (GAO). She claimed a GAO investigation into a contract signed between Sodexo, French catering group, and the Marine Corps. This contract of $ 881 million, for a period of eight years, is nearing completion and Sodexo expects to see it renewed for an even larger amount of 4.1 billion.
But Sanchez Loretta has put a spoke in the wheels of the French group. Indeed, the elected Sodexo suspected "of waste and potential health problems" in the power supply on military bases.Loretta Sanchez also refers to a reversal of the restaurant group in the middle of his contract, making the service "less effective than originally promised."
Alarming health reports
In 2001, when Marine Corps decided to reorganize the delivery of food to its bases nationwide to save $ 20 million per year, Sodexo was first in line. The group appealed and won the gold contract through its food production unit based in Tennessee. A center to centralize the production of fresh meals. These are then frozen and shipped to bases across the country. But in July 2007, Sodexo stops the production unit.
This shift comes a month after a recall by the USDA, the U.S. Department of Agriculture, 3,000 chickens potentially contaminated with listeria.In fact the meat had been sent to bases at Camp Pendleton in San Diego.
In addition, public reports of recurring health problems in the production center of Sodexo. Among these reports, 70 are published by USDA and refers to "non-conformities" over a period from December 2005 to September 2009.
Loretta Sanchez, also a member of the Armed Services Committee, therefore demanding a thorough investigation before renewing the contract for a higher amount. "I asked the GAO to investigate. This is part of broader efforts to target waste in government, "she says.
ALSO READ:
"Sodexo opened the market for American seniors
Next Monday, the faithful love of cinema to UGC will learn about PeopleForCinema, the start-up created six months ago by Simon and Serge Hayat Istolainen on MyMajorCompany model, the Internet music label.
The giant cinemas and website, which offers users to leverage the distribution of films before their release, have entered into a partnership that should give new impetus to PeopleForCinema.
From Monday, subscribers to the loyalty program and the 250,000 cardholders unlimited branded UGC will be able to invest in a few films chosen by the exhibitor in the catalog PeopleForCinema. "There are many similarities between us and them, says about his partner Jean-Marie Dura, CEO of UGC in network load.One the other as we seek to support the film and provide access to movies very different. "UGC, which publishes a free magazine distributed in its 371 rooms in France, has more than one million unique visitors month on its website.
Through this agreement, the UGC will provide start-up its roster of clients, and in return will enter the PeopleForCinema network of cinemas in the dance community and participatory payday loan lenders.
"The Whistler" Catalogue
Specifically, users who go from Monday on the website of UGC discover a film catalog PeopleForCinema on which they can invest money. In a few months, when the film will be shown, users who have invested will have their release – pulled in admissions hall – whether the film knows only limited success.However, if it contains a triumph, they will receive a share of profits. UGC, in turn, affect a small share of revenues, calculated by the number of Internet users from its own network. This partnership is timely for the participatory website, which has not yet found its success. The Whistler – first catalog – has recorded only 330 000 entries, 440 000 and Brothers, which does not affect profits. Its founders have now on the next film by Bertrand Blier, The Sound of ice, including Jean Dujardin, Albert Dupontel share the bill.
Apr
2
After four years of investment and international expansion (United Kingdom, Germany and Spain), Quotatis enhances its growth. This company specializes in linking over the Internet between applicants estimate (individuals and corporations) and local providers on the housing sector in particular, has bought devistravo.com, also involved in the linkage but she, in building. And this, to strengthen its network of providers. "According to a BVA survey, 96% of respondents say they want to see at least three suppliers to make the right choice," says Didier Heen, CEO Quotatis.
This operation is part of the policy of targeted acquisitions of Quotatis."Our goal is to unite the whole of market, industry and institutional investors, either through partnerships or through acquisitions, new engine around monetization, the pay-per-lead *". We are positioned between the pay-per-click "on Google and Yellow Pages directory," says Didier Heen.
The group is "pander business more than a hundred brands such as The Figaro.fr, Orange, TF1.fr, L'Express, Capital, France, and Spain … Yellow Pages. "We are already detected by QDQ applications, the Spanish subsidiary of Yellow Pages. Rather than a competitor, I see the Yellow Pages as a partner, "said Didier Heen. A potential partner in France? "Why not! Yellow Pages is a challenger in Spain.The challengers are probably more innovative than the leaders, "says Didier Heen.
The buyback will enable Devistravo Quotatis to have 1,200 additional service providers who will have access to 600,000 projects Quotatis deals on average each year in France, and 1 million if one adds Germany, England and Spain.
Further internationalization
In 2010, Quotatis hopes to ride the wave "positive" in 2009. "We found no effect on our business crisis payday advance. Despite the uncertain economic environment, individuals have not stopped renovating their homes. And continue to do so in 2010, "said Didier Heen. This focus on housing and energy, Quotatis has seen its turnover increase from EUR 530,000 in 2004 to more than 12 million euros in 2009.This represents an average annual growth of 87%.
The group also wants to specialize in other sectors and expand into new countries. "I can not tell you more. This will impact the discussions we are now with other companies, explained the Director General of Quotatis.
Another perspective for 2010 to integrate its service to stop a major actor. "This strategy is motivated by the fact that today customers want to go to a single operator able to offer a bouquet of services (website, visibility, marketing, direct marketing, …). A company like the Post has fully understood their new product marketing box e-commerce.
Quotatis long term plans to enter the stock market. "The Caisse des Depots et Consignations and Banexi not destined to remain forever our shareholders.Now everything depends on our size, environment and economic project that we present. For now, we do not need Exchange to live, "says Didier Heen. He added: "But we could also consider being acquired by a financial actor or an industrialist."
* If the pay-per-click "advertising is a reward for the advertiser based on the number of clicks on advertising, pay-per-lead" is a model where the affiliate is paid based on the number forms completed by the visitors it refers to the affiliators. In both cases, the advertising and affiliators are charged only if the respective advertiser (Google, for example) and the affiliate does not "deliver".
The food entry level, including first prize or those sold in hardware discount, are not so good nutritional (fat, sugar) than those sold by the brands, according to a notice of National Council of Food published Tuesday.
"To say that cheaper products are necessarily of lower quality nutrition is unfounded," acknowledged for the first time, food manufacturers and retailers together in this independent advisory body.
Except
In an opinion adopted on Tuesday, the NAC is committed to inform consumers that "exceptions" and contrary to popular belief, food cheapest are not fatter or sweeter than the others.
The mission of the Working Group of the NAC, which was compiled and included eight studies conducted by consumer associations or research organizations, related only to the protein, carbohydrates and lipids but not on the quality of nutrients or substances first used online cash advance. For example, the NAC does not distinguish between fat from palm oil or rapeseed oil. But it recommends that such studies be conducted.The Board regrets that the media "explain obesity more common in disadvantaged by too high energy density foods first price compared to those of branded foods.
If poor children are more prone to obesity, not because they eat chips first prize instead of crisps brand but because they use chips to snack rather than a plain yogurt, writing including the NAC. The Board also considers possible to comply with dietary recommendations from 3.50 euros per day per person "in selecting foods (fresh or industrial Ed) in the lower part of the price range.
The decision could set a precedent, especially as members MSW since Wednesday on a new text box to better the consumer credit. The Tribunal de Grande Instance de Nancy has sentenced nine credit agencies to pay 35,000 euros in damages to one of their clients for failing in their duty to warn. According to AFP, organizations convicted include Cofinoga, Cetelem, Cofidis, Finaref and Sofinco.
17 credits for EUR 113,000
The victim, now aged 75 and retired, had in fact contracted some 17 credits from these companies since 1986, for a total of EUR 113,000, while his monthly income does not exceed 1,000 euros."The judge ruled that the duty to warn was not respected and that the consent of my client was not free and informed consent: there is therefore a loss for loss of chance of not getting," explains Philippe Gossin.
"The credit agencies are bound by an obligation to counsel and a duty to warn: that is to say, they should alert their clients of their financial situations and their ability to repay what they have not done here, "said Fabrice Gossin, counsel for the complainant, confirming a report in the daily L'Est Republican.
Continuation of credit offers
The court sentenced the credit agencies to pay 10 to 90% of remaining amounts owed in damages, according to the seniority of debt, for a total of 35,000 euros."What remains now practically nothing more to pay, welcomed the lawyers, however, that denounces the practices of organizations. "Then she stopped paying them and that we had set, she continued to receive offers of credit!," Says the lawyer, who believes that the ruling could "open a path and create a jurisprudence" .
From our correspondent in Berlin
Europeans will have to get used to the new face of Germany submitted to Brussels by Angela Merkel. Beyond the contingencies of domestic politics that fueled the intransigence of the Chancellor, asserted in a country at peace with both his past and uninhibited. Thursday, commentators congratulated themselves that Germanic Merkel has imposed its harsh conditions to rescue Greece. Bonn was the capital of Germany modest listening to its neighbors and allies. Berlin has become the standard of a country, focusing on their interests. It took twenty years to complete its moult.
"Never the cash drawer of Europe, welcomed on Thursday, the tabloid Bild, rejoicing that the EU will" break your teeth "on his" Iron Chancellor ".Germany post Third Reich was found in the European project in which positive invest.
Domestically, the social market economy was to protect against the resurrection of his old demons. Internationally, she played the card of modesty and reliability: Bonn merely a seat and do not skimp on the checkbook.
To Konrad Adenauer, Helmut Schmidt and Helmut Kohl, great "European chancellors, the Franco-German friendship was both a guarantee of peace for Europe and a way to reintegrate the country into the community of nations. "Meanwhile the role of government within the EU has changed," says Vice-President of German Parliament, Silvana Koch-Mehrin (FDP) low fee payday advance !!!???!!!?? ?!!!. The EU was enlarged and the checkbook German shrunk.We can not get rid of conflict by using German money as before. "
Germany, which erodes wages to boost its exports worries its neighbors. In Brussels, the Chancellor who wants to impose its financial orthodoxy by being applauded by the media in Germany. "Who are the best Europeans?" Questioned Thursday's Frankfurter Allgemeine Zeitung. "Certainly not those who go against EU rules, are willing to provide aid to Greece in the short term. Because the long term they also undermine the stability of the euro, encouraging other countries to conduct an unhealthy financial policy without fear of consequences. "
Angela Merkel is a continuation of his Social Democrat predecessor, Gerhard Schr?der, who had first felt the need to "normalization" of the Germans and had dared "decomplex" his country.It also folds to a reality imposed by the Constitutional Court in Karlsruhe. On June 30 last, the eight judges of the German institution had buried the European integration conditionally ratifying the Treaty of Lisbon.
ALSO READ:
"Greece: Germany imposes its plan
The mobilization will she go in this Tuesday, two days in a large loss of the right in regional elections? Six unions (CFDT, CGT, FOR, FSU, UNSA, Solidaires) called on employees of public and private to a national day of action aimed at influencing government policy on political and social. At midday, the department estimated 21% share of the striking teachers, estimated at 40% for the SNES-FSU, while 11.45% of the postal employees would have mobilized in the direction. At the station, the strike rate was estimated at 28% by management, and 32% by the CGT. At RATP, it s'l?verait to 14% depending on the direction, the CGT-RATP not yet have figures to communicate. 180 rallies are also planned throughout France.
If it comes shortly after the regional elections, the appointment union had however taken immediately after the Social Summit in February, meeting at the initiative of the Head of State to discuss, among other things, the upcoming construction of the reform pensions. Two main points today crystallize opposition from unions, following a government reshuffle.
• Pensions: major point of contention between the unions and the government, the pension reform was launched at the Social Summit in February. While the dialogue should begin early April, several union leaders have spoken about this on Tuesday, sending a warning to the government. The CFDT leader Francois Ch?r?que has called for a reform that reduces inequality."Of course we must change our pension system, but it does not evolve towards greater social justice, this is again a loss of confidence in politics." Therefore, it could "be the sport at a social level," he warns. Jean-Claude Mailly, secretary general of FP, for his part reiterated on Tuesday his commitment to the LCI retirement at age 60, holding "absurd" the solution of longer working hours to alleviate the funding problems induced by the lengthening of life expectancy no teletrack payday loan . "If we follow this logic, women live longer should work longer," he argued.As for Bernard Thibault, leader of the CGT, he believes "we can not impose reform on accounting criteria exclusively, also challenging the objectivity of the Advisory Committee of pensions. "This appointment will be very difficult to carry," he predicted. Probably heard a speech by the new Labor Minister, Eric Woerth, who insisted on Tuesday on the need to "protect" the current system "an equitable reform.
• Employment: while the unemployment rate back above the 10% in the fourth quarter of 2009, the CFDT called for taking further steps to assist employees affected by the crisis. Pleading for an appeal to partial unemployment, training rather than dismissal, the leader of the CFDT has also called for financial support purchasing power and resources center for sustainable employment.The employees "have the feeling that we no longer speak of their real situation since September. An impression they would have in his Sunday expressed through the ballot box. The government must now "give strong signals, and change of method," he said. A view shared by the leader of the CGT, Bernard Thibault, who on Tuesday urged the convening of a new social summit at the Elysee. The meeting, a time desired by the head of state says he would aim to "take stock of the situation regarding employment, economic and social policy and purchasing power for practical decisions for implementing fast.
ALSO READ:
"SNCF: traffic estimates for strike
AIG makes another important assignment. Delayed several weeks due to fiscal problems, the giant American Insurance American International Group and MetLife onday announces an agreement under which AIG will sell its branch at MetLife Life Insurance Alico for the equivalent of 15.5 billion, the Wall Street Journal.
The acquisition will be for $ 6.8 billion in cash and approximately 8.7 billion shares in MetLife.
Alico, and the Asian subsidiary of Life Insurance American International Assurance (AIA), had enjoyed a special status, allowing AIG to make these two assets as compensation and thus reduce the debt of the insurer to the Reserve U.S. Federal (Fed), although both companies are still controlled by AIG. This also allowed AIG to prepare these two subsidiaries for sale or an IPO.
At the edge of the termination payment in mid-September 2008, AIG was bailed out by the U.S. government who had to inject over 180 billion dollars in its coffers to keep the group afloat, the government now owns 80%.
AIG will make 32 billion dollars by the Fed
MetLife believes that the acquisition would boost earnings by 45 cents to 55 cents per share by 2011.Analysts expect 2011 operating earnings per share of 4.89 dollars.
With the sale of Alico, and after the agreement last week to sell its Asian branch of life insurance, American International Assurance, for 35.5 billion dollars to the group Prudential, AIG could make the Fed's New York 32 billion in cash in the coming months, if both operations are looped as expected by the end of 2010, says the WSJ.
AIG should also repay 19 billion dollars more in coming years, when he sold his shares in MetLife and Prudential.