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admin — Thu, 01 Dec 2011 20:28:20 +0000

It could save Giuseppe Orsi, CEO for six months in office, supported by the Northern League.

4 billion in debt

Whatever the future president, he will have the difficult task of restoring calm in a group rocked by scandal and poor performance. In the first nine months of 2011, sales were down 21%, the loss reached 324 million euros and the debt has ballooned to 4 billion euros totally free credit score. The share price collapsed to below 3 euros. The rating agencies are threatening to degrade the group to the rank of junk bonds.

Giuseppe Orsi has already launched a restructuring plan announced divestitures and able to generate a billion euros to deleverage the group. The only sale of rail division will not suffice.

admin — Sat, 26 Nov 2011 22:23:51 +0000

"Do you accept the initiative for the right to a minimum wage?" This is the question that will meet future inhabitants of the cantons of Geneva and Neuchâtel. These referendums initiated by the formation of Solidarity and the left supported by the unions and the Socialist Party, are the subject of vigorous debate for several months. If the yes vote, it would be the first time that the Swiss cantons would establish a minimum wage equivalent.

The initiative does not specify the amount. But his supporters agreed on 22 francs an hour, … 4 000 francs per month (3,263 euros) for a full-time or 42 hours per week."It sounds a lot, but the cost of living is very high in Switzerland," says Jean-Christophe Schwaab, secretary of the central Swiss Trade Union (ASU).

According to the Federal Office of Statistics, more than 4% of assets, or 150,000 people, are "working poor" and make less than 2,200 francs (1,800 euros) per month. No, Switzerland, floor wage applying to all. Some minima are defined in sectoral collective agreements but all trades do not have such agreements.

E-commerce is riding the wave of compulsive buying

admin — Sun, 16 Oct 2011 14:46:47 +0000

After the sale "Flash" will there be shown the concept of selling "super flash"? Papercut, a Swedish chain of distribution of cultural products, offers on its website a unique experience to its customers. SpeedSale called, this feature leaves only four seconds to users to enter a promotional offer.A list of 16 products at bargain prices is presented to them once and only once! If the client does not validate any purchase, it is impossible to return to the list and a message appears: "You had a chance and you ruined, come back the next century." The user is then redirected to the page Home Papercut site.

"Sales 'flash', 'private sales' and other 'deals are limited in time' have always been part of the promotional techniques invented by retailers to increase the desirability of their offerings," noted experts LaSer, equal subsidiary group Galeries Lafayette and BNP Paribas Personal Finance specializes in marketing and customer relations."With the online business, these opportunities have continued to increase until the proposal Papercut extreme, proof that people are always looking for new shopping experiences and, for them, use n ' is never very far in the game "

This view is shared Olivier Mathiot, co-founder and marketing director PriceMinister. "The sales script 'flash' or other private sales makes shopping even more fun." He was convinced that the Internet boosts "impulse buying". "This media immediacy causes a sense of urgency that forces the user to decide very quickly. It recreates an environment conducive to the frenzy and excitement, "said Olivier Mathiot. PriceMinister also take account of this trend.

Bought by the Japanese Rakuten in June 2010, the site led by Pierre Kosciusko-Morizet draws its sales processes favored by the Japanese. It has well before mid-2012 to implement his concept of "shopping marathon", an event that lasts 30 hours and is conducted twice a year in June and December. "Ten merchants in the same sector, such as fashion or food, offering users a selection of products at bargain prices, and product category changes every hour," explains Olivier Mathiot. This visit a huge success. "The turnover of Rakuten in Japan grew by 150% during these periods," says co-founder of PriceMinister overnight pay day loans.

"Everyone wins"

"Everybody is up with this kind of promotional offers," says one at eBay, the specialist in online auctions."The customer is doing well and the merchant increases its visibility while achieving dramatic sales volumes in a timely manner." In order not to miss the boat, eBay launched in early October its "Daily Deals", inspired by the "daily deals, "such sales 'flash' already well proven in Britain and Germany. For one day, merchants offer discounts on products theme, depending on the season and current events. Like Papercut and his concept of 'speed dirty' in Sweden, eBay distills the game in the act of purchasing: "Auctions are the adrenaline and that's what consumers are looking for. The evidence, from 20 to 25% of people who come to our site looking for auction, "says eBay.

Of adrenaline to the frustration, there is a site that has taken Swedish Papercut cheerfully. "The frustration is part of the game and users know it.If the sale is concluded, the satisfaction is increased tenfold, "Marc Lolivier analysis, managing director of Fevad. However, the practice of selling 'flash' requires good organization. Beware of stock-outs that could raise the ire of consumers, while retailers would pay back customers who have already paid for their order. Here, no one would gain.

E-commerce: the bar crossed the 100,000 sites by 2012

Internet sales continue to take their game in a morose for household consumption in France. The turnover of e-commerce sites has reached 17.5 billion euros, up 20% from January to June, according to the Federation of e-commerce and distance selling (Fevad). Nearly 20,000 new commercial sites have been created, an increase of 28%, bringing to nearly 90,000 the number of active sites in France."The bar of 100,000 sites could be reached by 2012," said Fevad. In the first half, the areas of fashion clothing and Tourism signed the largest increases in turnover (+16%), far ahead of the high-tech products (8%) and sales professionals (+ 5%).

The crisis worsening health of the Greeks

admin — Mon, 10 Oct 2011 21:02:56 +0000

The Greeks are paying the price of the crisis with their health. So says a British study published Monday in the medical journal The Lancet. The explosion in the number of suicides, increased drug use or an increase in HIV infections are in fact the direct consequences of the recession but also of austerity in Greece.

Depression and suicides on the rise

While the island is experiencing its worst recession in 40 years, doubling the unemployment rate in two years more than 16% leads to more and more Greeks to depression and drugs. In fact, suicides increased by 17% between 2007 and 2009 and 40% in the first five months of 2011 compared to the same period last year. Figures all the more impressive as the Greek statistical authorities, the suicide rate in Greece was among the lowest in the EU between 1990 and 2009.Some cases were particularly marked population, like that of a former businessman who has defenestration, leaving a note in which he explained that the financial crisis had had the better of him. Or that of an owner of a small store, found hanged under a bridge, with a letter that read: "Do not look for other reasons. The economic crisis has led me to this. "

Drug use has also risen sharply. Heroin use in particular has increased by 20% in 2009. And even more so in the context of austerity measures imposed by the international rescue plan, control programs against drugs has been reduced by one third fast payday loan no faxing.

A trend that explains the 50% increase in the number of HIV infections at the end of 2010. Researchers predict that the contamination will increase by 52% this year compared to last year.In addition, drug users have less access to small jobs or for pocket money from their parents, some of them prostitutes, which in the case of unprotected sex, also contributes to the spread the virus.

Public hospitals overwhelmed and corrupt

Finally, rising unemployment means that many Greeks no longer receive health coverage provided by their employer. Thus, those who consulted in the private massage now in public hospitals. Now hospitals have seen their budgets melt 40% between 2007 and 2009. A diet which leads to problems of lack of staff and medicines and waiting times exorbitant lead some patients to pay bribes to get an appointment earlier.

Result, the number of people who give to see a doctor when they are sick has increased by 17% between 2007 and 2009.The number of those who describe it as being "bad" or "very bad" health increased by 14% in two years. "Overall, the picture of health in Greece is alarming, the authors conclude. It reminds us that, in an effort to debt financing, they are ordinary people who pay. "

The Paris Bourse to raise above the 3000 points

admin — Thu, 29 Sep 2011 16:51:33 +0000

The CAC 40 is gives a little bit of air. Having lost 0.92% Wednesday, the stock market has gleaned a few things yesterday, rising 1.07% to 3027.65 points. Investors have been somewhat reassured by the adoption unambiguously by the German parliament building of the European financial stability, designed to assist countries in the euro area in need. During the election, 523 deputies in the assembly which has 620 members voted "yes." And German Chancellor Angela Merkel was finally able to count on the support of his majority, 15 out of 350 MPs who defected.To discuss the plan to end the crisis, President Nicolas Sarkozy at the Elysee will tomorrow afternoon Greek Prime Minister George Papandreou.

Elsewhere in Europe, financial markets have ended in no particular order: the Dax in Frankfurt Stock Exchange gained 1.10% to 5639.58 points while the London FTSE lost 0.40% to 5196.84 points.

U.S. GDP revised upward

At this good news were added two macroeconomic indicators on encouraging U.S. economic health in America payday loans guaranteed no fax. The weekly jobless claims fell in the week to September 24, at 391,000 against 428,000 the previous week. In addition, the gross domestic product (GDP) was U.S. revised upward for the second quarter, up 1.3% of gross domestic product.

In this context, the industry finally has clearly supported the Paris stock exchange.The three main French banks and post three of the four largest increases in the CAC 40. Societe Generale rose 5.82% to 21.08 euros, BNP Paribas has acquired 5.01% to 31.14 euros and Credit Agricole rose 4.37% to 5.40 euros. The insurer Axa also benefits from this renewed optimism, the title winner 2.85% to 10.28 euros.

EADS, which has won more than 4% over the last two sessions, continued to grow after that Airbus has won its bid on the Danish Satair, gaining 96.7% of the company. The stock rose 1.50% to 21.59 euros. For its part, EDF announced an order for 44 steam generators for nuclear power plants of 1300 megawatts and French gains 1.40% to 22.13 euros.

Tax: Only high regular income will be affected

admin — Thu, 22 Sep 2011 01:00:02 +0000

Reportedly, the government wants only the French, whose resources are regularly paying the higher contribution of high incomes by 3%. It should not be a merchant that exceeds the threshold one year (500,000 euros for one person, 1 million for a couple) because he sold his business to be taxed. For this, the income taken into account for the outbreak of the tax will be calculated as an average over three years. Example with a single: it will be taxed if an average three-year income exceeds 500,000 euros need a personal loan with bad credit.

Moreover, the triggers of the tax should evolve in the parliamentary debate in the fall. MPs and senators want to hit the contribution of lower incomes.Bercy seems willing to compromise around an entry threshold to 250,000 euros per person (and 500,000 euros for a couple).

Greece should further undermine the morale of the CAC

admin — Mon, 19 Sep 2011 23:48:06 +0000

The European aid to Greece drags on and the markets may punish him on Monday. Having completed an eventful week in the red, but after still won by 2% in five days, the CAC 40 is expected down 1.7% at the opening on Monday, according to Reuters.

Concerns about the hypothesis of a failure of Greece are likely to weigh even the morale of investors, like those of Asian stock markets on Monday. Friday and Saturday together in Wroclaw, Poland, EU finance ministers have decided to postpone their decision in October on a loan of 8 billion euros in Athens, pending the outcome of a "troika" of the state progress of promised reforms.In addition, they have made little progress on the second aid plan for Greece, nearly 160 billion euros including the private sector, pledged in principle last July 21. Greece should show its good will, while his government is accused of delay in implementing measures to reduce the deficit. This Sunday, Athens has announced in the wake of new economies to reassure its European partners.

It must be said that in Europe, solidarity with Greece began to annoy the majority of people. Evidenced by this poll Ifop for Sunday Ouest France, which states that 68% of the French disapprove of the increase in French contribution to the rescue of Athens.And while "divisions" have emerged among governments and the European Central Bank, as noted by Timothy Geithner, U.S. Treasury Secretary, on the sidelines of the meeting of European finance ministers that he was invited .

To fill a deficit in the U.S. To this must be added the concerns about the U.S. economy, which pose a risk to global growth. Markets await including many of the plan for the use of 447 billion dollars of Barack Obama. The U.S. president, anxious to see his program pushed by Congress, has called this weekend to support the Republicans, to avoid "dead end". Moreover, he warned the Americans Saturday that they would provide "pull their weight" to reduce the country's budget deficit, while the United States must find 1.2 trillion dollars in savings by the end of the year.Thus, Barack Obama will propose to Congress Monday a tax on the income of taxpayers earning over a million dollars a year.

Analysts and investors are also awaiting a meeting of the Federal Reserve on Tuesday and Wednesday on interest rates in the United States. The feeling now is that the U.S. central bank will launch a new version of "Operation Twist" program to exert downward pressure on interest rates over time. Such a prospect would be a tasteful for scholarships, especially as the Fed pledged to keep rates low until mid-2013 at least.

Macroeconomic side, Great Britain, the Financial Times this fall could be a gap of 13.8 billion euros in public finances, or 25% more than expected.Such an amount would extend the austerity policies adopted in Britain.

United States, the NAHB housing index will be released in 16 hours.

On the foreign exchange market, the euro appears sharply lower at 1.366 dollar (-0.94%) on Monday morning. Oil prices are also in the red in Asia, with uncertainty about the U.S. economy and the delay in the euro area in the management of the Greek crisis. In early electronic trading, a barrel of "light sweet crude" for October delivery gave up $ 1.12 to 86.84 dollars per barrel of Brent North Sea crude for October delivery gave 81 cents to 111.41 dollars .

Values to follow

• Banks

Societe Generale, Credit Agricole and BNP Paribas will be particularly scrutinized by investors on Monday.Doubts about their strength threatens the economy by depressing household and pushing companies to delay their hiring and investment, analysts and professionals. French banks have agreed to exchange more than 90% of Greek bonds they currently hold in the second aid package to Greece decided in late July, said Friday the Minister of Economy, Baroin.

• EADS

Qatar is interested in buying Daimler a 7.5% stake in EADS, according to the enactment of Der Spiegel Sunday.

• Technip

The group said it had been awarded by a contract Petobras provision of basic engineering and detailed design for a new fertilizer complex to be located in Uberaba, in Minas Gerais, Brazil.

• Sanofi

The pharmaceutical giant said Monday it has obtained from the American justice the right to maintain exclusivity until August 2012 U.S. sales of Eloxatin, a drug against colorectal cancers.

• Natixis and Saffron

The bank released the CAC 40, replaced by the industrial and technology group, previously listed on the SBF 120.

• Airbus

The European aircraft manufacturer will present its global market forecast to 2030 in London.

U.S. manufacturing activity reassures the Cac 40

admin — Thu, 01 Sep 2011 20:12:16 +0000

After playing in the red much of the session, pending the publication of important indicators in the United States, The Paris Bourse now seems to head a fourth straight increase session on Thursday. The CAC 40, which had addressed the session up slightly, then fell 1.14% in mid-session, finally returns significantly positive territory before closing 1:30, thanks to the publication of a good indicator of the manufacturing overseas. At 16:15, the benchmark index in Paris advance 0.6% to 3277.56 points.

The reversal was also performed in London, the FTSE-100 clinching 0.80% to 5437.66 points while in Frankfurt the Dax is recovering well, while remaining slightly in the red (- , 016%, to 5775.70 points.

After waiting game shown on Thursday, investors therefore welcomed the announcement by mid-afternoon of a manufacturing sector still growing in August to the other side of the Altantic, while experts expected a decline over the period. The announcement of a high relapse U.S. construction spending in July, reflecting the weak housing market has not dampened the optimism of the markets recovered this afternoon, somewhat reassured about the state the U.S. economy.Especially on the eve of the highly anticipated monthly employment report, the number of inscriptions hebdomadairres unemployed fell during the week to August 27, at 409,000 against 421,000 the previous week, said the Department of Labor (410 000 entries expected).

These new on the health of the U.S. economy and restore color to the dollar against the dollar. To 15 hours, the European currency was worth 1.4295 dollars against 1.4374 dollars late Wednesday.

Indicators most disappointing in Europe

In the euro area, the final manufacturing PMI contracted in August for the first time since September 2009 due to a fall in output and new orders. The index calculated by Markit PMI final spring to 49.0 in August, against an initial estimate of 49.7 and after 50.4 in July.The German manufacturing sector slowed in August, including at its lowest in almost two years, to 50.9 after 52.0 in July. In France, the PMI industry has returned to 49.1 against 50.5 in July, an even sharper decline than that reflected by the flash estimate of 49.3 issued two weeks ago.

Also in France, the unemployment rate as defined in International Labour Office (ILO) decreased slightly by 0.1 points in the second quarter to 9.1% on average in metropolitan (9.6% including the departments of overseas), according to data seasonally adjusted (SA) Interim released Thursday by INSEE.

As for the oil markets, disappointing manufacturing indicator in Europe weigh on oil prices.At midday, a barrel of Brent North Sea crude for October delivery was trading at 114.04 dollars in London, down 81 cents from the close of Wednesday.

Values to follow

Banking

Greek debt is out of control and the measures taken by the government can not restore the finances, the report of an independent parliamentary commission on Wednesday. After suffering the first part of the meeting, the bank will resume, however, also: Société Générale advance of 1.13% to 23.64 euros, BNP Paribas is down 1.06% to 35.51 euros, Crédit Agricole will pard more than 2.98% to 6.63 euros. Axa and advance 0.76% to 2.37% to 11.26 euros.

Peugeot: -3.02% to 20.69 euros, Renault: -3.03% to 27.48 euros, Michelin: -2.65% to 49.64 euros

The new car registrations were up 3.2% in August.But sales of SAP were down 3% and 1.4% of Renault.

Fimalac: + 6.30% to 26 euros

Fimalac accounted for more than 6% Thursday on the Paris Stock Exchange after the announcement of the sale of its Canadian subsidiary Algorithmics, specializing in software for the financial industry, the U.S. IBM.

Eramet: -2 payday loans.32% to 145.55 euros

The CEO of Eramet, Patrick Buffet, asked Thursday to New Caledonia guarantees the stability of capital and access to resources of nickel subsidiary of the archipelago, Société Le Nickel (SLN) . Mr. Buffett made the requests in the renewal of the shareholders, linking Eramet-SLN since 2000 and the three provinces of New Caledonia.The latter hold through the STCPI 34% stake in SLN and 4% of Eramet.

Sanofi: -0.18% to EUR 50.57

The group reached an agreement with Pfizer to produce generic versions of Lipitor cholesterol before the star of the American group from falling into the public domain, writes Les Echos newspaper on Wednesday.

Total: -0.24% to 34.92 euros

The National Transitional Council (CNT) Libya has promised to give to France 35% of crude oil from Libya in exchange for recognition of its legitimacy Paris, Liberation reported Thursday.

Iliad: + 2.55% to 85.58 euros (largest increase in the SBF 120)

The internet service provider reported in the first half of 231.000 new subscribers under its brand Free (excluding Alice), a market share of 36% and saw its EBITDA margin improved 1.4 points to 40%, or 416.4 million euros, on sales of 1.04 billion (+2.6%).

France Telecom: + 0.41% to 13.36 euros

The U.S. administration has initiated court proceedings Wednesday to block the sale of Deutsche Telekom's U.S. subsidiary T-Mobile to the giant AT & T for reasons of respect for competition.

Pernod Ricard: -2.05% to 61.22 euros

The French producer of wines and spirits, announced Thursday a 10% increase in net profit for the year 2010-2011, exceeding for the first time the billion euros.

Eurazeo: -3.93% to 38.09 euros

The investment company said Thursday in a loss of 106.3 million euros in the first half due to losses on derivatives and goodwill

GDF Suez: -2.30% to 21.45 euros

The group said it had completed the acquisition of gas storage sites in Germany.

Eiffage: -12.24% to 29.75 euros

The new CEO of the group does not preclude the sale or closure of loss-making subsidiaries to consolidate the early resumption of the performance of the construction group observed in the first half.

Saint-Gobain: -1.64% to 34.46 euros

The group announced it would invest $ 100 million (69.41 million euros) in the United States to create a factory specializing in the manufacture of ceramic balls ("proppants") used in wells oil and gas.

Latécoère confirms its objectives

Lagardère: -10.04% to 21.41 euros

The group was forced to significantly revise down its forecast for operating profit for 2011 because of the difficulties encountered by the sports center in the first half.

Maurel et Prom: + 0.38% to 14.54 euros

The group took the first half of the increase in its oil production and high prices in oil prices to clear the results up sharply.

Guyenne et Gascogne: -3.20% to 85.91%

The group reported a loss in the first half, the franchisee of Carrefour have been penalized by its subsidiary Sogara whose accounts were affected by several non-recurring items.

Latécoère: + 0.09% to 10.78 euros

The group, whose net income rebounded sharply during the first half, confirmed its targets for operating profit in 2011 and 2012.

Theolia: + 11.43% to 1.17 euros

The group reported Wednesday a recovery in its interim results, the French wind power has reduced its interest expense over the period, particularly through the conversion action of nearly two million of bonds.

After market, Neopost will publish its revenue for the second quarter and Stallergenes results for the first half.

Wall Street weighed down by the growth in the euro area

admin — Tue, 16 Aug 2011 14:20:06 +0000

Wall Street was unable to string together a fourth consecutive session. The New York Stock Exchange opened down on Tuesday, the Dow Jones lost 0.65% to 11,408.05 points and the Nasdaq 1.18% to 2525.17 points.

Nervousness investors won again a few hours of a meeting in Paris between German Chancellor Angela Merkel and French President Nicolas Sarkozy. The two leaders are to discuss ways to implement to improve governance in the euro area and contain the problems of sovereign debt. No decision is fundamental to expect from this meeting, warned a spokesman for Angela Merkel yesterday, let alone on the front of the Eurobonds claimed by many investors. The latter will not even up for discussion. And it is this fact which disappointed observers who expected progress on the subject.In Europe, markets are plunged into the red.

European growth disappoints

The bad mood is also expected to result from the publication of European indicators disappointing that send negative signals about the health of the euro area. Germany, European locomotive, reported a surprise slowdown and sharp growth in the second quarter. The entire euro area saw growth of 0.2% after increasing 0.8% in the first quarter.

On the positive side: the United States, industrial production came out on Tuesday rose higher than expected for the month of July. This indicator should be closely watched by the markets, as they are concerned more and more sluggish growth of the world's largest economy. The release of housing starts, however, confirmed the slump.Departures from construction sites are in fact started to fall in July, after surging in June. As for import prices, they recorded an unexpected rebound.

Values to follow

On the corporate side, Home Depot (1.51% shortly after opening at $ 33) released better than expected earnings in the second quarter, while Wal-Mart (1.74% to 51.71 dollars ) recorded a further decline in sales over the same period. The retail giant has nevertheless issued a profit and a turnover up more than 5%.

Agilent Technologies (-0.04% to 37.46 dollars) reported Monday after-hours trading from a profit of $ 330 million, or 92 cents a share, in the third quarter, up 62% The number of Business was up to 1.69 billion.

Berkshire Hathaway (-1.4% to 107.17 dollars) would have taken a stake in the retailer Dollar General.

Dell (+0.14% to 15.65 dollars) and Saks (-0.12% to 8.95 dollars) must also publish their quarterly results on Tuesday.

The PS is choosy and waiting for result

admin — Sat, 23 Jul 2011 18:40:06 +0000

Greece is saved, all the better, but remains to be done. This is in essence the common position of six candidates for the primary socialist. Otherwise, the appreciation of the Europe Agreement varies from the conviction of a rescue plan came too late to denounce a "blockage" no future. The range of reactions makes it possible to rank candidates on the scale of the radical.

In the camp of indignation, Ségolène Royal and Arnaud Montebourg topped. To say, the former candidate of 2007 was even offered the platform of the press room of the Rue de Solferino, usually reserved for the party's spokesman Martine Aubry or when she was first secretary function. The PS has made available to candidates for the primary means of its head, and still continuing the campaign, Ségolène Royal has given her a highly formal intervention. "This agreement lifejacket.We close the gaps, "she was outraged by asking managers to make decisions this summer on four issues: the establishment of a European sovereign fund, the appointment of a" commander in chief against crisis financial, "the prohibition of speculation and reform of credit rating agencies.

Arnaud Montebourg same tone in which denounced the "four unacceptable defects" of the rescue plan, including the fact that in his view, the risk of contagion to fragile states is not halted. Arnaud Montebourg also regretted that the banking sector is spared and that the plan "wrongly perpetuates the obsession with austerity."

"Strengthening the political union"

Candidate also the primary PS, the head of the Radical Left, Jean-Michel Baylet, lamented that "the vicious circle of speculation" is not halted.Just under back, François Hollande found the agreement "late" and "inadequate", while acknowledging that it was "necessary." "Like nothing lasting has been hired, we remain vulnerable and therefore much remains to be done," assured the former first secretary of the PS.

Finally, the most moderate responses came from Martine Aubry and Manuel Valls. While denouncing the weight of the rating agencies and regretting that it took to reach an agreement, "offer guarantees costly for Europe and Greece," the mayor of Lille called for "building the Government the euro. " Previously, the first secretary of the PS, on leave from his position, had welcomed the agreement between the leaders of the euro area."We had the Greek people, we were in Europe," she explained in a statement.

Also playing on the line of responsible political leader, Manuel Valls, for his part welcomed the agreement. "Put up against the wall, the heads of states of the euro area (…) are finally out of the inaction of the past few weeks," he said. But the deputy mayor of Evry has also called for further, to "establish a political action settled, peaceful and sustainable in order to strengthen the political union and the challenges of economic globalization."