Archive for November, 2009

France Telecom: the number 2 ready to take orders in 2011

November 27, 2009 - 6:08 pm Comments Off

As the end of appointment of Pierre Gadonneix head of EDF had fed the speculative discussions for several months, the succession of Didier Lombard, head of France Telecom should not give rise to so many vicissitudes. St?phane Richard, the current number 2 of the French incumbent operator, has already announced its intention to become the new CEO as soon as the mandate of Didier Lombard will end in 2011."If the board is willing, if the shareholders agree and if the little pigs did not eat me by then I will become CEO at that date," he said in an interview with the daily Progress on Friday.

"Organizing the systematic mixing of people didn't make sense"

Asked about the atmosphere prevailing within the group after the wave of human tragedies that rocked France Telecom in recent months, St?phane Richard hopes that "the pressure was released (…) with the possibility for employees to express themselves . The Director General in charge of France operations has also qualified as "inept" the principle of mobility managers every three years."Organize brewing methodical individual has no meaning (…) this represents significant costs for interest difficult to collect," he said.

In early December should be made public the results of the survey on psychosocial risks launched by France Telecom with its 102,000 French employees. The firm Technologia, which was assigned to the case, expects a turnout particularly high 75% or about 76,000 responses.

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France: the 3 million unemployed will not affect

November 23, 2009 - 6:38 pm Comments Off

Despite an increase in job seekers during several months, the CEO job Pole Christian Charpy said on LCI television on Monday morning that the number of unemployed would remain "below the 3 million mark registered in Class A". He said that increasing numbers of people from Pole to register job is way slower than earlier this year.

In September, the number of jobseekers who have not worked (Class A) increased by 21,600 at 2,574 million, a surge of 25.1% in one year. By cons, if we add those who have a reduced activity (categories A, B and C), this number stood at 3.745 million (+20.8% yoy) and 3.972 million households in the overseas.Thus, the number of unemployed could exceed 4 million if one takes into account all categories.

From "many months" to return to the situation a year ago

"I hope that from the end of this year the trend will change but it will take many months to return to a situation that had been there even just a year – 1.9 million unemployed cons 2.5 million registered job center today. Indeed the number of unemployed still increasing each month at the rate of "20,000 to 25,000," he said. The figures on the number of job seekers for the period of October will be published Thursday.

This declaration takes place just before surgery, at 11.30 President Nicolas Sarkozy before 1700 agency managers and area job center, the new agency created by the merger of Assedic and ANPE, which is far from keep all its promises. The unions believe the poorly prepared.A counselor supports an average of 94 people (a record) in the direction. Employment center uses private companies to complement the Convention and proposed reclassification Custom (PRC) which has only retrenched, where "there, we guarantee a counselor for 50 to 60 people, according to Christian Charpy.

United States: bad month of October for indicators of real estate

November 18, 2009 - 5:58 pm Comments Off

Surprises in the U.S., with two worrying statistics published in the real estate sector and make future dive on Wall Street. This sector is a particular followed by analysts, real estate is at the root of the crisis and each data is scrutinized.

To begin, starts of new homes fell 10.6% in October compared to September. They settle well to 529,000 annual rate, while analysts had forecast 600,000. Housing starts for September were revised to 592,000 against 590,000 in the first estimate. The key indicator to its lowest level since April, when he hit a record low.

Second blow, the building permit for their share fell 4% last month, to 552,000 units annualized, where analysts expected an increase, to 580,000.Compared to the same period last year, building permits fell by 24.3% and housing starts of 30.7%.

Hackers infiltrate on Facebook

November 12, 2009 - 4:53 pm Comments Off

Nothing seems easier than to hack Facebook. Hackers have thus taken control of nearly 300 community groups on the popular social networking site Facebook, in order to demonstrate how personal data is vulnerable on the Internet.

"Hello, we announce that we have officially turned your Facebook group, said CYI (Control Your Info). This means that we control some of your information on Facebook. If we wanted we could show you a way that could severely damage your image.For example, we could rename your group inappropriately as 'I support pedophilia'.

The aim of the operation is not to harm: "It's just one example that really shows the vulnerabilities of social networking sites," the group said in a message posted on its website controlyour.info, ensuring that his motives were honest and educational purpose.

Facebook groups are places of thematic discussions that followers of the social networking site can join to discuss with other people who share their interests. According CYI, these groups "have a major flaw," because "if the administrator of a group goes, anyone can register as a new director.CYI members say that after having obtained the status of administrator, it is easy to make any changes, including photos or group settings.

CYI has sent messages to groups infiltrated to warn them that they had been "hijacked" and promised to restore their original appearance after being heard on the subject. "Our main objective is to draw attention to issues of privacy on the Internet," indicate these cyber activists. "Some people have even lost their jobs because of content on Facebook. We wanted to do something about this subject, add-t they.

Companies face the rise of Islam

November 6, 2009 - 5:57 pm Comments Off

"The management of Eid is a real headache," says the manager of a transportation network. "Half of my bus drivers are Muslim. When they ask everyone to leave that day, how do you ensure 100% service? "

To anticipate these pressures, some companies now distribute a calendar of all religious festivals with their team leaders. While others repeatedly objected to "absences for religious reasons." "Each company designed a place for Allah. If employees are many Muslims, they dictate the standard. Otherwise, it's very random, "says anthropologist Dounia Bouzar, which today publishes the results of an extensive investigation into the working world. (Allah has a place in the company? Albin Michel).A textbook which we regret the anonymity of managers who tell on a daily basis, rising claims.

One third of French companies have expressed their concern, primarily in Ile-de-France, but also in the north-east and south-eastern France, in the areas of trade, services and construction, according to the results of Ifop poll of April 2008. "Can you dismiss an employee who gets to wear the headscarf?" Questioning often responsible when using Dounia Bouzar to conduct an audit. Or "the great festivals of Islam have to be considered holidays?". To guide companies, the High Authority against Discrimination and for Equality (Halde) had issued a notice last March. In essence: the religious claims can be denied only where they penalize the service.Rules of procedure shall be invalidated by the courts if the headscarf banned without real reason. Since the association IMS-Business for the city, who gathered around Claude Bebear very large companies, held, also, to illuminate the subject with a guide. For applications beyond the working class now. "In banking, where the number of frames is important, there is a rise of religious claims. And in the automotive and construction, the question wins the administrative headquarters, "says Benjamin Blavier, IMS. This new visibility fueling fears of an escalation. "Soon, everyone will arrive with skullcaps, crosses and display Christ around the office," predicts an HRD to Dounia Bouzar."If I tolerate any application, it will grow," worries he.

The scarf is very badly perceived

If the anxiety is widely shared, the rules applied in the field vary widely. Paradoxically, Ramadan, though very visible, "is rather well accepted in the business" where he is something of cultural tradition, and say Lylia Dounia Bouzar. In the construction sector, "the HRD are particularly concerned about the risk of accidents because employees who do not eat are weakest. They usually adjust schedules when their employees are many practitioners, "say the authors. In retail, "long breaks" are provided to break the fast and not at noon. "The restaurant business is open later and offers halal soup, milk and fruit, a kind of vital smic what 'reflects an official.However, some executives of North African origin regret communautarisation facies: "I am an atheist. Yet, I always offer to leave earlier, "protested Faycal. "It's like you said, today we commemorate the ascent of Jesus to heaven so we all end up to 15 hours."

If Ramadan is tolerated, prayer in the firm bristles, however most employees and managers. Symbolically, pray at work seems like an act of "proselytizing." "The prayer is at home," repeated most of the respondents. "There is no question he asks while others bossent, a senior judge. While elsewhere, ignites an employee: "Why do we let pray while I was refused a development schedule to pick up my child in the manger."

In large companies, prayer rooms have been created yet.Especially in the automotive industry. A French manufacturer has even built changing rooms. Conversely, a large Japanese brand "to the employee to sign an undertaking not to practice his religion on his place of work" in defiance of law, "said Dounia Bouzar.

As for the headscarf, it is still very poorly understood. Except for junior positions, companies would like the outlaw. But the case back "to the criteria of common law," says the anthropologist. "The mere contact with the customer does not prohibit the headscarf." We must demonstrate that it contradicts the rules of safety, it can hurt the convictions of the entourage that night or the performance or commercial interest.The general management rules, which apply to religious demands.

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Market Session difficult for L'Oreal

November 6, 2009 - 5:52 pm Comments Off

Around 11:30, the title L'Oreal fell by 2.29% to 69.7 euros on the CAC 40, in a market down slightly from 0.20%. The group's quarterly results released yesterday did not surprise investors, who anticipated the return to growth and bought securities they sell now. In addition, Societe Generale has revised down its rating on the stock following its figures from "buying" to "hold" value. Normal in these circumstances, the title of L'Oreal suffer clearances.

The world of cosmetic Thursday reported a turnover of 4.23 billion euros over the period, up 0.8% on a comparable basis."Despite a market that remains difficult, the renewed growth of the cosmetics business in the 3rd quarter was very encouraging and confirms the gradual improvement in sales that we announced," said Jean-Paul Agon, CEO of the group cosmetics. "Each division has improved its performance over the first half," the statement said.

In the nine months of the current year, group sales fall slightly increased by 0.7%, to 13 billion euros (-1.9% on a comparable basis). During a conference call, the chief financial communications Thierry Pr?vot said that L'Oreal has benefited from the dynamism of emerging products, where sales growth "increases quarter after quarter."Sales rose by 18.5% in Asia, but the group continues to record sales declined in Western Europe (-3.5%), in Eastern Europe (-15.3%) or Latin America (-3.8%).

The Paris Bourse wait until the numbers of U.S. jobs

November 6, 2009 - 5:52 pm Comments Off

Stable at the opening, the CAC 40 has changed very little throughout the morning. ACC clings to the bar 3700 points ironed Thursday. At 13 hours, it appears to 3706 points (-0.06%). All eyes of investors have turned on the numbers of U.S. jobs that will be communicated to 14:30.

Thursday, stock markets worldwide have been well oriented due to figures released by the U.S. Department of Labor Productivity in the country.

In addition to the monthly report on employment in the United States, markets are also watching puvblication wholesale inventories in September.

Values follow

Lafarge is attacked (-4.5%). The French group has released financial results Friday down sharply in the third quarter. Net income is recorded down 38% year on year to 404 million euros while sales fell 20% to 4.25 billion euros.These results were slightly below analyst expectations.

L'Oreal is sanctioned (-1.46%) after the publication of a revenue deemed disappointing. For its part CapGemini is still undergoing clearances (-2.49%). Several brokers have changed their views following the quarterly judged below investor expectations.

Conversely, Hermes International stands (2.30%). The luxury group has for its part issued Friday sales up 5% at constant rates in the third quarter, to 452.1 million euros. The group said its goal of stable sales in 2009 could be exceeded if the trend continues this year.

Values M6 (6.41%) at the highest for two years and TF1 (4.23%) were also searched.The audiovisual group M6 has exceeded expectations by recording a marked improvement in advertising revenue chain and strong growth of its business diversification. In particular, M6 was confirmed as the month of September showed the first signs of an improving advertising market with stronger demand from advertisers in some sectors the consumer in particular.

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Toshiba offers its muscle on Areva T & D

November 6, 2009 - 5:51 pm Comments Off

Candidates for acquisition of Areva T & D sharpen their arguments, while the final submission of bids will take place next Monday.

Toshiba, long neglected in this competition is taken more seriously. He muscled his offer by joining two funds: the Japanese INCJ (mostly state-owned nippon) and a fund of Abu Dhabi Taqa. The latter's arrival in the bidding takes on particular importance, while a French consortium (Areva, Total, GDF Suez and EDF) supported by state battle for months to try to sell EPR Abu Dhabi.

Both funds, which provide additional financial strength to Toshiba, hold 40% of the future entity. The Japanese plans, if carried in case of IPO Areva T & D in five to seven years.The prospect of a listing of Areva T & D new version in Paris would be very well received by NYSE Euronext, which suffers from a lack of major operations and would target an ally of Toshiba on this issue. Such a listing would also be the "guarantor" of a French base of activity, in keeping with the country's global headquarters.

The Japanese, who was inspired by the offer from General Electric, has not forgotten to highlight the character "industrial" in its offer. It builds on the geographic – Areva T & D is absent from Asia and Toshiba contributes nearly one billion euros in sales in China – and synergies in research and development and procurement of raw materials.Main downside: Toshiba, owner of Westinghouse, is a very serious competitor Areva in the construction of nuclear reactors.

French base

For his part, General Electric has also revised its copy. Minority shareholder alongside the investment fund CVC in its initial offer, the U.S. conglomerate will position itself in the majority partner in the new offering will be delivered Monday. A decision making more industrial project and facilitate the granting of bank guarantees to Areva T & D when signing contracts.

The project also provides for GE in France to maintain the headquarters of a subsidiary of Areva and introduce the next five years the stock market. Industrial side, GE is the map of complementarity, it would include T & D to access the North American market, albeit less buoyant than Asia for transmitting and distributing electricity.A flat, however, GE sold it eighteen months a part of its T & D, raising questions about the strategic importance of such an event for the American conglomerate.

The presidents of Alstom and Schneider are also mounted to the wall for defending their joint bid. On Thursday, before the National Assembly, they reaffirmed that there would be no site closures or socially, in case of redemption. Schneider may be a cluster "distribution" of 5 billion euros. It would then match its two main competitors in the field, ABB and Siemens. Not enough, a priori, drawing the ire of Brussels. With the "transmission", Alstom is the world leader in this sector. Problem with this offer: it implies a separation of Areva T & D, an idea which irritates its management.

"Alstom defends its bid for Areva T & D

The Dow Jones found the 10,000 points

November 6, 2009 - 5:51 pm Comments Off

A decline in new listings in unemployment in the United States and the optimistic forecasts of telecoms equipment manufacturer Cisco has propelled the Dow Jones-immediately above the 10,000 points, a day before the report on employment in October the government. The flagship index of the NYSE is 2.08% at 10,006 points and the Nasdaq Composite jumped 2.40% to 2105 points.

New entries in weekly unemployment in the United States declined to 512,000 new applications for benefits, while analysts predicted 522,000. Moreover, the productivity of U.S. companies (excluding agriculture) increased in the third quarter, 9.5% annual rate. It is the largest increase in six years. The market expected a 6.3% increase. These publications, better than expected, reassured investors.

On Wednesday, the Dow Jones gained 0.31% Wednesday, while the Nasdaq Composite lost 0.09%.

Summary of values

Net earnings from Cisco down 15% in first quarter (ended in late October), $ 2.1 billion. The group said however that he thought back to growth of its business to the next quarter.

Qualcomm posted a profit of $ 803 million in the fourth quarter, down 9%.

Microsoft will cut 800 additional positions, plus the 5,000 announced in January. These cuts will take place in the world.

The media group News Corporation has announced a profit in the first quarter of fiscal 2010 of $ 571 million. Earnings per share amounted to 22 cents against 18 cents expected by analysts.

JPMorgan has an agreement with the regulator of financial markets, the SEC, to terminate proceedings in a case of influence peddling to local elected officials in the United States.JPMorgan will pay $ 25 million and 50 million dollars to the local authority, county of Jefferson.

The Iraqi Oil Ministry has awarded Thursday to a consortium led by Exxon Mobil exploitation of oil field west Qourna-1.

Research in Motion announced a buyback program of action for an amount up to $ 1.2 billion. It will start on November 9th and will be valid for a period of twelve months.