Archive for the 'people' Category
Red or green? Wall Street has chosen Wednesday. After an opening in the red and a brief stint in the green, the financial markets remain more consistently in negative territory. Wall Street resumes its breath after two good sessions of rising early in the week. Since Monday, the U.S. financial markets seemed to want to permanently turn the page of a January that saw the stock market lost 3.5% in a month. But on Wednesday, the question is back. After returning the balance to 16 hours (0.05%), the Dow Jones loses in mid-session 0.12% at 10,289 points. For its part, the Nasdaq lost 0.03% to 2190 points and the S & P 500 down 0.42% at 1099 points.
The profit taking and caution that accompanies dominate before the publication Friday of the long-awaited report by the U.S. administration on the job in January.For the first time in years, the market expects to see new posts.
Until Friday …
On Wednesday, an hour before the opening, a positive signal was sent in this direction of investigation ADP (Automatic Data Processing). The latter has released its report on employment overseas for the month of January: while economists were expecting the destruction of 30,000 jobs, the survey listing the elimination of 22,000 positions (against 84,000 for the month of December ).
After the ADP survey, investors were awaiting the ISM index on the services sector. It appears to 50.5 in January after he settled at 49.8 in December.This is slightly below the consensus was counting on 51 points but it's still the highest index level since May 2008.
Side currencies, the dollar resumed ground against the euro Wednesday after the European Commission approved the new austerity plan Greek. In mid-session, the single European currency lost 0.42% to 1.3915 dollar.
U.S. crude oil, is stabilizing at 77.51 (+0.31%). The U.S. Agency for Energy Information (EIA) announced Wednesday that gasoline inventories last week fell by 1.3 million barrels and stocks of distillates also fell 1 million barrels free credit score online .In contrast, crude oil inventories jumped 2.3 million barrels.
Pfizer leaden atmosphere
Pfizer reported a 34% increase in sales to 16.54 billion dollars, half a billion dollars more than the consensus in the fourth quarter. However, net income disappoints. The latter has tripled to 767 million, or 10 cents per share, or 49 cents excluding items against a consensus of 50 cents. In exchange, the title derives indices down: -2.26% to 18.63 dollars.
Time Warner (-1.61% to 28.05 dollars) achieved results above expectations in the fourth quarter thanks to strong performance from its film division and cable channels. The media group has made a net profit of 627 million, or 53 cents per share, compared with a loss of 16 billion dollars, 13.41 dollars, a year earlier.
Comcast (-1.47% to 16.05 dollars) has released results above expectations in the fourth quarter thanks to the development of its Internet operations. Net income for the cable operator amounted to 955 million, or 33 cents per share, compared with $ 412 million, or 14 cents per share, a year earlier.
News Corp. unveiled Tuesday a net profit of 254 million, or 10 cents per share, compared with a net loss of $ 6.4 billion, or $ 2.45 per share, a year earlier. The news is very welcome Stock Exchange: title rises from 7.65% to 13.66 dollars.
Bank of America (+0.26% to 15.64 dollars) would have endorsed the granting of over $ 4 billion to pay its bankers and traders under the year 2009, according to sources in the Wall Street Journal. They receive on average between 300 and 500 000 dollars bonus.These fees represent 19% of 23 billion dollars of revenue that the U.S. bank has reached its activities in investment banking and trading, the newspaper said.
Ex-Thomson, Technicolor now, trying to straighten up and definitely wants to turn the page.After the creditors and shareholders have approved the restructuring plan to reduce debt by 2.8 billion euros to 1.55 billion euros, Technicolor announced Tuesday in a statement he signed a partnership with 'American Warner Bros., to duplicate and distribute DVDs and Blu-Ray.
The French group said that this contract will generate significant revenues from the third quarter of 2010.
"Associating their expertise in creating entertainment and key technologies associated with the unique experience of Technicolor innovation technology offers many opportunities for both parties," said the president of Technicolor, Frederick Rose.
Weakened by serious financial difficulties, Technicolor has decided to relaunch by signing a strategic partnership with the world leader in terms of volumes of physical media (DVD and Blu-ray combined).
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The message is clear: "It's a test, as we realize many in our restaurants and we do not communicate on the tests. This is hardly the teams in the chain of fastfood confirm the information already given by the press. It must be said that full debate on national identity, Quick fears may be amalgams and passionate reactions. The chain of fast food tested so discreetly, since November 30, sale of hamburger meat halal certificates in support-eight of its 350 French restaurants. The market is booming in France, carried by a growth rate of over 10%. Five million French regularly consume these products, and turnover of the sector reached four billion euros in 2009, well ahead of the "organic" and its 2.6 billion results.
Eight restaurants tests
The experiment should last a few months, six by the daily Le Parisien, and on fast-food Argenteuil and Garges-les-Gonesse in the Val d'Oise, Yvelines Buchelay in Marseille, Toulouse, Villeurbanne in Roubaix and the Rhone.
The question of extending the dissemination of these new products to other restaurants in the Hexagon will decide only after the test "if the commercial interest of the offer and its technical feasibility is confirmed" says Quick. The use of halal meat and non-halal in the same kitchens that require good logistics. Quick would be the first major chain to enter the niche. McDonald's, the number 1 burger, confirmed that he had not yet put in place similar project.
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Dec
10
This Thursday that the Paris City Hall launched the tender for Autolib ', inspired by the Vélib'. This is to provide potential subscribers 3 000 vehicles in over 1 000 stations in the capital and suburbs where twenty municipalities are involved. One candidate has already emerged: the quartet comprising Notices, RATP, SNCF and Vinci Park. The tender to be deposited on Thursday will be discussed in spring 2010 and the choice of provider is expected within a year. Autolib 'is a campaign promise from the mayor of Paris, Bertrand Delanoë. The Greens are reserved for the chosen system. New Center advocates for small electric taxis. The UMP calls for a postponement of one year for a thorough debate takes place on a project at 35 million euros.
"Autolib ': a project difficult to achieve
Last year at the same time, the French automobile factories were preparing to enter into a long hibernation. Most sites of PSA Peugeot Citroen and Renault have lowered the curtain for a month between December and early January. This year, thanks to scrap premiums introduced in Europe, the activity is markedly increased compared to the end of 2008 disaster.
The contrast is particularly clear in PSA, although the production levels of 2007 are still far away. Overall, the French manufacturer's sites will close down between Christmas and New Year's Day for the traditional week of vacation. The group enjoys the success of new models like the Peugeot 3008 or 206 + products in France. Only the plant in Rennes, specializes in upscale, undergo three days of partial unemployment in December.In total, the production of PSA increase of 33.6% in the fourth quarter 2009 over fourth quarter 2008, but remain in decline of 10.2% over the same period in 2007.
Renault also later, production was resumed. The group includes the diamond increased by 50% worldwide in the last quarter compared to 2008. But as the activity of plants was reduced by 45% this time last year, the manufacturer has not regained its pace of two years ago.
Partial unemployment in 2010
If the situation returned to normal on most sites the French Diamond, Douai and Sandouville turn even slow this season. The plant Sandouville near Le Havre, close to the total one week in early December, then to three weeks between December 19 and January 8.After discontinuation of the Vel Satis, it assembles more than the Laguna and Espace, penalized by the penalty green.
He has sold only 30 000 Laguna in France in the first ten months of the year (- 32%) and Area 7 100 (- 27%). Employees are worried, because on this site, where 1 300 jobs were eliminated recently, the assembly of a new model, a utility vehicle, which will begin "in the first half of 2013," said Patrick Pelata Friday, the CEO of Renault, and not, as previously announced, in 2012. Other affected site, Douai, in the North, which makes the Megane Scenic MPV. It will stop more than three weeks from December 17 to January 11.
For 2010, Renault do not expect a return to normal.The manufacturer provides on average 45 days of partial unemployment in its French factories, against 50 to 60 days in 2009, said Friday the CGT, relying on information management. The only consolation, according to an internal agreement, employees of Renault partial unemployment has reached 100% of their salary this year.
This caution is linked to cessation of car scrapping or reducing them next year. The sales may still decline by 6 to 8% in Western Europe in 2010 after an expected decline of 5% in 2009, according to rating agency Fitch Ratings.
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The Chinese government had promised. The national growth would remain at 8% in 2009 despite the crisis. It is poised to succeed his bet. The figures, published yesterday by the National Bureau of Statistics (NBS) for the month of October, confirms the strong recovery of the economy.
Industrial production rose by 16.1% over the same period last year, against 13.9% in September. This is its biggest gain in a year and a half. Retail sales have, in turn, increased by 16.2% in the first ten months of the year, compared with an increase of 15.5% for the period January to September.
The trade balance has in turn recorded a balance of $ 24 billion or 11 billion more than the month before. This is an unexpected decline in imports by 6.4%, which largely explains this result.Exports, meanwhile, have slowed their little dip, down only 13.8% in October against a decline of 15.2% in September. These figures suggest now a recovery in foreign orders.
Know when to stop the infusion
Given all these positive signs, economists expect this to increase in China's GDP exceeds 8% for the full year 2009. But everyone is asking at the same time the question of a proper balancing of growth. "If you look at the figures for October, it seems that there is a trend in consumption that would further contribute to growth.And this should be confirmed in the fourth quarter, "says confidently, Sheng Laiyun, spokesman of the NBS.
China has most of his return to his recovery plan to 450 billion euro, launched a year ago to invest heavily in infrastructure.
And if the fixed investment has also continued to increase, from 33.1% in the first ten months of the year, it mainly benefits large public works (+ 76.3%), while investment in private projects fell by 12.9%.
The question now is to know when to stop the infusion. Some leaders expressed their fear that a sudden withdrawal of credit facilities, which boosted the plant workshop of the world. Chinese banks have lent 1 100 billion since the beginning of the year.Even if they have paid half in October than in September, the economy can not do without this liquidity.
The OECD sees "strong signal" of recovery
"The Chinese economy is running at full speed