Posts Tagged ‘events’

Wall Street has benefited from the decline in oil

March 9, 2011 - 4:24 pm Comments Off

After opening with no direction, the U.S. stock markets have closed sharply higher Tuesday. The Dow Jones climbed 1.03% to 12,214 points, the Nasdaq is 0.73% to 2766 points and the S & P 500 rose 0.89% to 1322 points.

In an attempt to limit the mad surge in crude prices and avoid an oil shock countries that export oil rally. After Saudi Arabia, three other cartel members would increase production, the Financial Times. The OPEC members are currently holding consultations on the impact of mental disorders in Libya in the oil market, said Tuesday the Kuwaiti Minister of Oil.

On the foreign exchange market, the euro lost it again a little ground against the dollar on Tuesday as investors reaping some profits after a summit in four months yesterday.In the evening in Paris, the euro bought 1.3904 dollars against 1.3971 late Monday.

McDonald's: -0.98% to 75.54 dollars

The side of values, the American fast-food chain McDonald's has sold its leading position worldwide in terms of number of restaurants in the Subway chain, which specializes in sandwiches. Subway has 33,749 restaurants on January 1 in the world, while McDonald's had 32,737 on the same date. Starbucks and the number two burger Burger King were respectively about 17 000 and 12 000 restaurants. However, McDonald's still has a considerable lead in terms of turnover at 24.1 billion dollars in 2010 against 15.2 billion for Subway.

Coca-Cola: +0.64% to 65.64 dollars

Coca-Cola and China Resources Holdings may be interested in Zhuhai Zhongfu Enterprise by the National Business Daily.Monday's action Zhuhai Zhongfu Enterprise was suspended pending further information, indeed jumped the track Thursday and Friday at volumes well above the average (Bloomberg).

Google: +0.11% to 592.31 dollars

Also note, multifunction phones running Google's Android system are now the most sold in the United States, surpassing the Blackberry phones from Canadian manufacturer Research in Motion (RIM) said Monday in a study firm ComScore.

Boeing: 1.64% to 72.04 dollars

The U.S. aircraft manufacturer Boeing announced it had signed sales contracts with two Chinese airlines for a cumulative amount exceeding ten billion dollars (7.16 billion euros).Eager to expand its fleet, Air China has announced plans to buy five Boeing 747-8 for a list price of about $ 1.54 billion, a welcome support for a Superjumbo selling relatively few. The 747-8, with a capacity of 467 seats, has a unit list price of $ 317 million. Air China is the third company after Lufthansa and Korean Air have ordered the aircraft, which Boeing is the replica of the Airbus A380.In addition, the aircraft manufacturer announced Tuesday the signing of a memorandum of agreement with the company Hong Kong Airlines to order 38 large aircraft for a list price of $ 8.5 billion.

United Continental: 6.31% to 24.78 dollars

For his part, Continental United, the group merged U.S. Airlines and Continental Airlines announced a 1.1% decline in traffic over the month of February and up 1.8% of its capacity. The filling rate was down 2.3 points.

Fiat: 3.42% to 9.06 dollars

The recovery of U.S. automakers is confirmed. After the triumphant entrance of General Motors on Wall Street, Chrysler said Tuesday that its value has increased almost fivefold during the first 18 months under the control of Fiat.At December 31, 2010, Chrysler reached a value of 4.8 billion, reveals an analysis of documents filed by the group on February 25 with the SEC the authority of U.S. markets. In June 2009, when Chrysler came out of bankruptcy proceedings, the value of the builder was estimated at 996 million dollars. These figures give an overview of the potential value of Chrysler is preparing its return on the stock market, expected in the second half of this year. These figures give an overview of the potential value of Chrysler is preparing its return on the stock market, expected in the second half of this year. Chrysler has made those calculations to determine the remuneration of its senior leaders, including the managing director of Fiat Sergio Marchionne. The executives are paid in part by "phantom stock" which will be converted into normal action at a later date.In June 2009, the price of these shares was $ 1.66. End of 2010, it reached $ 7.95.

Wells Fargo: +2.49% to 32.51 dollars

In banking, Wells Fargo has announced the hiring of more than 1,000 people by mid-May 2011 to expand its teams in the retail banks of the East Coast of the United States. The California bank had already added nearly 600 people to its teams in the same region since the completion of the merger Wachovia / Wells Fargo late December 2008. Wells Fargo reported earnings "record" in 2010 to 11,630,000,000 dollars, up 46% over the previous year.

The hard-discount stores are not the cheapest

January 11, 2011 - 1:12 pm Comments Off

Prices have tended to decline slightly during 2010. This is shown by the Observatory's published Tuesday by Rural Families. Since 2006, the Consumers' Association points out six times a year the prices of consumer goods in different shops that are more rural. This year, between the first survey in January and the last in November, prices rose 0.19% on average, all brands combined.

The average price range – a set of 35 products from 13 categories ranging from water to personal hygiene products through frozen foods and feed-stood at 133.19 euros. It is down 0.5% from the panel through the 2009 atteignanit 133.89 euros.The association compares the prices by store type (hypermarkets, supermarkets, convenience stores and hard discount), but also by product type (national brands, private labels, 1st prize). If the range of products sold on average 133.19 euros, the average price falls to 98.28 euros and if we take into account that the first price products. For brands (private label), it amounts to 127.32 euros, rising to 173.97 euros for national brands (+2% in one year).

In five years, prices rose 2.7% on average. The barometer also stresses that these are the first products prices experienced the largest increase since 2007.While retail brands fell 2.2%, the "entry level" took about 8.1%.

The price, at the expense of quality

The study of rural families also shows that it is better to shop in supermarkets, hypermarkets rather than in hard discount store or local shops. National brands are sold cheaper than 1.2% hypermarket, 17.5% also cheaper than in small shops. Supermarkets are also best placed in prices for private label products. 1st prize for the products, hypermarkets and supermarkets are at par, but are cheaper by about 5% of the hard discount retailers. Family Farm Association had already reported a year ago that the hard-discount retailers were not the best position, even for products first prize.According to Yves Puget, editor of the magazine LSA, which specializes in distribution, when asked on Europe 1 radio on Tuesday, major retailers have positioned themselves in the niche products said at the range – 50 to 60% less than marks national face competition from hard discount stores. For him, it was however at the expense of quality that is not there, which explains why sales of these products have stagnated. Rural families complain that the poor are disadvantaged by this practice.

(With AFP)

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Facebook: revenues exceeding one billion

January 7, 2011 - 7:52 am Comments Off

Facebook financial results are no longer a secret. According to documents released by Goldman Sachs to its clients, the social network has posted a net profit of 355 million over the first nine months of 2010. Turnover was 1.2 billion over the period from January to October.

This information was contained in a prospectus than a hundred pages on a private placement in Facebook, delivered Thursday afternoon to customers interested in an equity investment in the website.

One client of Goldman said it had received a separate six-page booklet containing financial information on the Internet.For now, these financial statements were not backed by the auditors and provide little detail on how Facebook makes its revenues, says the customer, who said he signed a nondisclosure agreement same day payday loans.

Customers have until Friday to decide

Goldman clients wishing to buy shares in Facebook invest their funds in a new company registered in Delaware called FBDC Investors LP, according to the customer. They have until Friday to send an offer to purchase securities and Facebook until Tuesday to transfer the money to the bank.

Goldman plans to raise at least $ 1.5 billion from its wealthy clients to invest in the social network. The bank recently valued Facebook at $ 50 billion the Occasion of a 450 million investment in the social network.The Securities & Exchange Commission (SEC), the U.S. stock Constable, also questioned the conformity of the operation.

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New boss to head Kenzo

December 31, 2010 - 1:48 pm Comments Off

Bernard Arnault chose not to sell Kenzo and revive the brand. This subsidiary of LVMH group since 1993 is often regarded as the unloved child of the French luxury empire. At that point recurrent rumors about a possible sale had surfaced before last summer. Credit Agricole, Bank of LVMH, has indeed studied the file and buyout offers were presented. But the boss of the group has denied. He decided instead to revive the brand, which recently celebrated its 40 years, but barely surviving the departure of its founder Kenzo Takada, ten years ago.

The president of the company for just two years, James Greenfield, is leaving. He should join another subsidiary of LVMH. According to our information, it will be replaced by Eric Marechalle early January. The latter shows a profile of business.After going through the clothing brand cheap C & A, he was in charge of the group Catimini kidswear Zannier. This recruitment should be only the first of a series intended to beef up the sales and marketing of Kenzo.

The boss of LVMH trying to recoup its smaller brands, which often live in the shadow of the "stars" of the group, like Vuitton, Dior, Moet & Chandon or Tag Heuer. Within the fashion industry, led by Pierre-Yves Roussel, claws Celine, Givenchy, Loewe, Pucci, Berluti Kenzo or contribute less than others in the group's profits when they are not home loss cashadvance. The revival of Celine since eighteen months, led by Phoebe Philo to the creation and Marco Gobetti management, is already a success.Bernard Arnault and Pierre-Yves Roussel would apply the same recipes at Kenzo.

The fate of the artistic director, the Italian Antonio Marras, in place since 2004, is unresolved. Extend his contract until at least 2012. His style often cultural or ethnic does not always convincing. Some models shown at the shows are not even marketed.

Restore profitability

The new boss will have to look at the structure of the collections to make the offer more consistent. Kenzo is a scratch less luxurious than its counterparts LMVH, more accessible, balanced between men and women. Its sales, estimated at 150 million euros, is at best stable and has little of the traditional sector relay accessories (bags, shoes).Moreover, if it developed in Eastern Europe, the Middle East and Asia in recent years the brand has not a globally and remains absent from the United States. Reduced to balance in 2007 after several years of losses, the company did not release significant profit. The new boss's first task will be to redevelop the sales to restore profitability in the medium term. However, its perfumes, whose bestseller FlowerbyKenzo, are a lucrative nugget.

The French economy grew at low rates

December 17, 2010 - 8:20 am Comments Off

Click on the thumbnail to enlarge the graphic.

INSEE does not believe that France can do beyond 1.6% growth this year. Yet the government had made to believe. "In 2010, growth of the French economy will be significantly higher than our expectations," said even the Prime Minister at a meeting of the National Council of the UMP, the last weekend.

Public forecasters are less confident. Growth last quarter would have certainly continued to progress, but did not sufficiently detached. As for next year, it does not begin on the wheel cover. GDP growth should not exceed 0.3% in first quarter 2011 and 0.4% in the second, according to figures released Thursday by the National Institute of Statistics and Economic Studies.Over this period, "the French economy would remain moderate and the trend it has known since the end of the recession," said INSEE.

Elements that are difficult to consolidate the Bercy scenario of growth to 2% next year – already considered somewhat optimistic by most economists. Why? Because at the end of June 2011, the growth of France will be gained 1.3% and 0.8% should be theoretically the third and fourth quarters to achieve the target of 2%. Not impossible, but ambitious! However, if the rate observed in the first half continued in the second, growth in 2011 would not exceed 1.6%, calculated by INSEE.

"We have a cautious forecast for the first part of next year, because we think there are reasons to be cautious," said the head of the business cycle, Sandrine Duchêne.Which cites the uncertain international environment, a Euro still fragile situation, with pressure on sovereign debt, or a fiscal tightening in major economies.

According to the scenario of INSEE, the growth of France would suffer thus slowing demand sent to it, which will weigh on exports. And this, just as the favorable effects of the depreciation of the euro should begin to fade. Business investment should accelerate slightly by mid-2011. "It would benefit the business outlook and improved financing conditions," said INSEE.

Unemployment to 9.5% in June 2011

Household consumption continue, too, his progress, "with a quarterly profile marked by the effects of scrapping, which must end in a fortnight.The first half of 2011, household spending should be "modest."

Employment, finally, would not interrupt its progression. Given the decline in activity, "the employment adjustment during the crisis was moderate (…) The growth seen since early 2010 is also greater than would be expected past behavior," says the INSEE. Job creation in the private sector should be from 50,000 in the first half of 2011, and about the same in the previous semester. Mid-2011, unemployment should have dropped to 9.1% in France (9.5%, including DOM). This nevertheless still "degraded" labor market should weigh on earnings. The purchasing power of French is expected to grow "moderately".

In this "uncertain economic environment," the French would continue to save as a precaution at a high rate, around 16%.A sign that confidence in the French economy is not back yet.

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Obama's economic record undermined by unemployment

November 1, 2010 - 11:00 am Comments Off

Growth is back in the U.S. since the summer of 2009 but Barack Obama still takes little credit. The Democratic Party is poised to lose many seats in Congress, a victim of expressing concern and also the disappointment of the Americans.

The concern was primarily due to insufficient job creation to fall back on unemployment. The Conference Board, a research institute employers, reveals that in October only 14.1% of Americans anticipated an increase in job offers. More than 8 million jobs have disappeared in the United States since the recession began in late 2007. That is fourteen months that the unemployment rate remains above 9.5%: this has not happened since 1948, the date of the compilation of employment statistics.

The disappointment of the Americans is proportional to the initial objectives of Barack Obama."The White House had predicted in January 2009 that the passage of his stimulus plan would prevent unemployment exceeding 8%. This prediction was silly, "says Barney Frank, Democrat of Massachusetts who chairs the Committee on Financial Services of the House of Representatives. In fact, 73% of Americans disapprove of the way Barack Obama runs the U.S. economy. Impatient people, Americans have wanted the great recession of 2008-2009 is already forgotten.

Outstanding infrastructure

The Republicans make much of the meager results of the apparent massive plan to revive the $ 787 billion passed without their support in February 2009. A third plan (288 billion), said "stimulus" was devoted to tax cuts.But the effect of stimulating consumption would have been larger if a good portion of those tax cuts had not been hoarded.

A third plan (224 billion) has also covered the transfer of credit to U.S. states under their health programs and education for example faxless pay day loans. Without them, the precarious finances of most states would have been downright tragic.

The remaining third (275 billion) was supposed to cover infrastructure costs. We realize today that the projects of roads, bridges and rail transport and subsidies were not as mature as the Democrats claimed. 45% of funds allocated to such projects have not yet been spent.More reason, say the Republicans, alarmed by soaring public debt, to "immediately freeze all spending."

The explosion of debt is another major concern of Americans. The risk that Barack Obama made them for years they seem disproportionate to the results obtained to date.

In 2009, Uncle Sam spends less than $ 200 billion in interest on its debt. This amount will be twice as high as 2014. The fact remains that without this stimulus, most economists believe that America has shifted into a depression. "The president is very little credit for having averted a depression," laments David Cote, Honeywell International boss. According to the Congressional Budget Office, the revival of Obama created between 1.4 and 3.3 million jobs.Reduced its total cost, it still represents an enormous sum of more than 238,000 dollars per job. Tea Party conservatives are screaming foul.

Reforms thwarted Barack Obama:

CONTROVERSIAL "The health legislation expensive and complicated STARTS" Wall Street reform perplexing IN TROUBLE "Climate, tax credit: the forgotten promises

CCE Air France insolvent

October 29, 2010 - 8:44 am Comments Off

"From next month, half the restaurants business of Air France, managed by the central works council (CEC) could no longer be fed. Imagine the reaction of the mechanics! "This very short-term outlook is one of the practical consequences, reported by a member of the EAC, the cash flow shortages alarming facing the central works of the airline.

On an annual budget of more than 100 million euros, the instance name is fed by a grant of 42 million euros of the company, and approximately 10 million paid by the EC seafarers.But it would face a hole 15 to 20 million euros.

Faced with this situation, the auditors decided, according to our information, at a meeting Wednesday night to write to the President of the Court of Pontoise to ask him to decide actions: appointing a representative ad hoc or put into receivership. The CEC has authorized its secretary general parallel, Jean-Claude Filippi (FP), to declare insolvency.

260 permanent employees

The failure of the corporate body of Air France could have cascading consequences, including the eight works councils that compose it, to whom he owes money. The agency employs 260 permanent employees, a workforce that can climb to a thousand with seasonal bad credit pay day loans.

The auditors have requested information on the financial position of CEC in the month of June.Postponed several meetings during the summer and September have shifted deadlines. They triggered an alarm at a previous meeting on September 29 and Wednesday, were not satisfied with the answers of the leaders of the EAC which failed to meet a deficit of several million euros at the end of the year Despite a line of credit of $ 5 million and another 1.5 million euros paid recently to 6 million.

This is not the first time that the organization faces financial difficulties. Its offices were raided in January after suspicion of embezzlement. An audit report on the management of previous years had revealed a chronic budget deficit, or nearly 15 million since 2005. The situation had been regularly covered by advances of Air France.For 2009, the CEC had announced last September a historic loss of 11.6 million euros, but said the point of "get out of the rut this year."

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Traffic at the station improves slightly Thursday

October 20, 2010 - 9:48 pm Comments Off

While the looming holiday of All Saints this weekend, the SNCF plans for the day Thursday and a further slight improvement in traffic. The rate of participation in inter-renewable strike over pensions on Wednesday was established for all staff, to 15.68%, says management. According to a statement from the station, the traffic will be disrupted:

• Nationally

-TGV Paris-province: two trains on three

TGV-province to province: a second train

– For B: a second train. Connections with TGV are not guaranteed.

– To Corail trains: four out of ten trains

– For Intercity trains: almost a second train

– Téoz: more than four out of ten trains

– Traffic and Paris Nice Paris Nice: the normal night of October 20 to 21.

• Transiliens

– 6 out of 10 trains at peak.Additional trains are likely to be put into circulation. Traffic on the RER A is normal.

• Internationally

– Eurostar: Normal

-Thalys: near-normal service

– ICE TGV (France-Germany): Normal

-TGV Lyria (France-Switzerland): normal traffic

– To Italy: A roundtrip Paris-Milan will be provided for the daytime traffic.

Traffic-other international trains uninsured.

– Traffic Lunea night: no traffic on the night of October 19 to 20.

SNCF said that while ticket lines will be valid during the period, board any train traveling on that day about the relationship in question.Customers preferring to cancel a trip with a reservation for a train of the period may do so without charge at the counter, whatever the price.

• Information

http://www.sncf.com

http://.infolignes.com

http://www.abcdtrains.com

http://www.ter.sncf.com

The site-by-station mouvement.com also serves to check the billboards (departures and arrivals) from the station of his choice.

• Hotlines:

0.805.90.36.35 to Outline (TGV), TER Téoz and Intercity

0.805.70.08.05 for Transilien

sncf.mobi for réerl time access to information on mobile.

Station radio: One point traffic every 15 minutes from the SNCF Direct application on smart-phone and all websites SNCF (www.sncflaradio.com)

France Bleu Ile-de-France: 107.1

• Paris Transportation:

RATP scheduled for Thursday normal traffic on all networks.

France Telecom will defy Vivendi Morocco

September 22, 2010 - 12:56 am Comments Off

France Telecom holds his hand in Morocco. The group announced Tuesday the acquisition of 40% of Meditel, number two in the mobile market, amounting to 640 million euros. Acquisition will return to France Telecom in key markets of North Africa that has eluded him.

Near Telecom Morocco because of historical ties, similar structures and a shared culture, France Telecom in 2001 was the candidate "natural" to enter the capital of the great Moroccan incumbent on the occasion of its partial privatization. But then almost bankrupt because of its record debt, France Telecom had to give.A good bargain for Vivendi, which had immediately seized the Moroccan nugget: the group now owns 53% of Morocco Telecom, which is one of its most successful subsidiaries (839 million euros in net profit in 2009 for a turnover of 2.7 billion euros).

With Meditel, France Telecom thus found a place in the United Shereefian. Type SFR Moroccan Meditel, born in 1999 to compete with Morocco Telecom, became the first few years private telecom operator in Morocco. With 1,000 employees, having recently broke the 10 million customers, representing 37% of the local market, a turnover of 465 million euros and an operating margin of 40% (against 35% for France Telecom Group). Better, "Meditel can still grow strongly backed the Orange brand," said Stéphane Richard, last week, in an interview with Le Figaro bad credit personal loan lenders.France Telecom intends to expand offerings include high-end mobile data, in a market dominated by prepaid offers.

Growth Policy

This acquisition is fully in the group's growth strategy in emerging markets to offset sluggish demand and fierce competition in Europe. "Meditel is the first manifestation of our new policy for growth outside Europe and contributes to our stated goal of doubling our turnover within five years in the Africa and Middle East," said Stéphane Richard Tuesday Rabat, where he was received by the Moroccan Prime Minister and Minister of Industry.

"The idea is participation in a first step but important minority, with a schedule that allows us to run, and after an IPO, to consolidate this operation," also said Stéphane Richard.France Telecom will rise to 45% of the capital by 2011, when the IPO Meditel, then to 49% by 2015.

As always at its facilities abroad, France Telecom is to rely on local partners. Meditel no exception to the rule, with its two shareholders located in the local industry: CDG group, the Deposits Moroccan and diverse group FinanceCom. CDG and FinanceCom had bought Meditel Telefonica and Portugal Telecom in 2009.

One million drivers "wanted" in the world

September 16, 2010 - 8:52 pm Comments Off

Good career prospects in aviation! The hiring will explode in the years to come. This emerges from a study conducted by Boeing on the future needs of airlines between 2010 and 2029. The figures cited by Roei Ganzarski, head of training U.S. aircraft manufacturer, are staggering: you will need to recruit 466,650 pilots and 596,500 technicians and engineers between 2010 and 2029, more than a million people to train in the world .

This expected boom due to two phenomena: the growth of the world fleet will double in size to 36,300 units by that time and the replacement of personnel who will be retiring. Currently, airlines employ 233,000 pilots in the world."When you consider all these numbers, you quickly realize the challenges facing our industry," reacts Roei Ganzarski. "Our task is to train the next generation of people who will fly and maintain the aircraft we deliver by 2029," he adds.

The needs of China will explode

All regions are affected. According to calculations by Boeing, the needs are estimated at 97,350 pilots and 137,000 technicians in North America at 94,800 and 122,000 technicians in Europe. But the prize goes to Asia and especially China, whose needs will explode with the hiring of 180,600 new pilots and 220,000 technicians. In Asia, the battle began training in the wake of the trade war between the great names in aviation.In 2010, local companies should get out of the red and achieve a result of some 2.2 billion (against a loss of $ 2.7 billion in 2009).

Buoyed by the strength of the recovery in traffic, according to Boeing is expected to grow by 6.8% per year in Asia, they equip themselves with new aircraft and deploy their fleets. Cathay Pacific, the largest airline in Hong Kong has confirmed an order for 30 Airbus A 350 with an estimated value of 7.82 billion (at list price) bad credit unsecured personal loans. And Airbus is negotiating to bring a giant contract for 150 aircraft including 120 medium-haul A320 family, worth 16 billion dollars.If this contract is a reality that some believe could be formalized in November during the visit of Chinese President in Paris would be the largest contract signed by Chinese companies from those signed in 2005 and 2007 for 150 A320s and 160 A320s and A330 respectively.

Partnership with Chinese industry

China will become the first in twenty years the world aviation market to the U.S., the fight is tough. Airbus claims to 43% market share with 623 aircraft in service. The Airbus is 50% of the total. To achieve its objectives, it has developed over the years a partnership with Chinese industry. Chinese suppliers are integrated into the global network of suppliers of Airbus. They made 5% of the value of future long-haul 350.

It is in China where Airbus will more than double its purchases by 2015 to 500 million euros that the manufacturer has set up its first assembly plant outside its natural boundaries. This year the site has already assembled Tianji 29 aircraft for the local market. It will deliver 100 planes to Chinese airlines this year. Airbus will hold "the largest backlog with 290 units on a total backlog of 3400 aircraft," said Rainer Ohler, director of communications for the aircraft manufacturer. The weight of China in the Airbus business is expected to grow strongly. "China represents 20% of our deliveries, but 10% of our backlog," said Airbus expects to sell more super-jumbo A380 in China. For now, only China Southern has ordered the giant aircraft, five copies.