Posts Tagged ‘small’

Samsung launches Operation Clean Hands

June 13, 2011 - 10:32 am Comments Off

Time for spring cleaning rang Samsung. Its chairman Lee Kun-hee has thrown the cat among the pigeons by saying that corruption was widespread within the largest conglomerate in the world. "Corruption and fraud were widespread throughout the group," said the founder's son, whose rare public statements fall as oracles on its 277,000 employees.

A formula that troublemaker shock over an empire of $ 173 billion in sales, the world of mobile telephony as shipbuilding. Bribes, kickbacks and favors granted to suppliers are common, said Lee, whose engineers have also built the tallest tower in the world to Dubai. "This is a growing concern for me and I'll do it," warned, threatening, tycoon 69 years.The anger of "chairman" follows the outbreak to light a case of embezzlement within the defense subsidiary of Samsung Techwin, which has prompted its president to resign. It could lead to a general audit of the 64 branches of the group alone is worth 20% of the GDP of South Korea.

Clever cons fire

The projection of Lee confirms it was taken over the group's management. Since the beginning of the year, "Emperor" surprise teams in landing unannounced several times a week at headquarters, in the Gangnam business district, then he used to drive the business in the shadow from his home Business Card Holders. "This statement is to show everyone that he is back at the helm," says Chan-Guk Huh, a professor at Chungnam University.

A clever cons fire as Lee himself was sentenced to three years in jail for embezzlement in 2008.Samsung "buy" policies and top judges through a secret fund, showed the former leader of the group's legal department, Kim Yong-chul, in a scathing book became a bestseller in South Korea. Current practices for the chaebol but become embarrassing at a time when Samsung, the leading electronic global in its turnover has grown into a global brand scrutinized by investors worldwide.

Back to business in 2010 through a presidential pardon course, the most powerful man in Korea hopes to buy a virginity with the deal personally.

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The Cac 40 in heavy decline seen

May 25, 2011 - 1:32 pm Comments Off

On Wednesday morning, the Cac 40 should fall: the index futures yield 0.96% to 8.20am. Yesterday, the index stabilized at above 3900 points, after starting the week on a Loude loss. Concerns over debt crisis persists European: German morale, according to Gfk survey, should continue its degradation in June for the third straight month due to the debt crisis in the euro zone and the outbreak oil. The index shows a decrease to 5.5 against 5.7 in May In addition, the Netherlands and Germany are threatening to commit the privatization of the Greek economy to foreign experts, reveals leFinancial Times.A new threat which seeks to lobby the Greek government to take drastic cost-saving measures.

All eyes are turning to the Minister of Economy Christine Lagarde, the favorite to succeed DSK to head the International Monetary Fund, which should give a press conference "important" to the Department late Wednesday morning. Moreover, in France, we look particularly figures on registered job seekers and job advertisements collected by Pole in April. Baroin, Minister of Labour, has already warned that the unemployment rate would decline again in April for the fourth consecutive month.With regard to the Icelandic volcano, France should be minimally affected, which should reassure the airline industry.

Next major economic figures to be followed today: in France, we will look particularly figures on registered unemployed and job advertisements collected by Pole in April. In Germany, the GfK barometer of consumer sentiment will be released at 8:30. United States, is expected at 14:30 durable goods orders in April, at 16.30, the weekly inventory of crude oil.

Airbus confident for Le Bourget

Side companies, consumer complaints of gas and electricity rose 25% in 2010, about problems with their energy supplier.The mediator of Energy notes that complaints from customers at 43% of GDF Suez, to 38% of EDF, 12% of Direct Energy and 4% of customers Poweo payday advance.

Airbus and its parent EADS were optimistic Tuesday on future orders at the Paris Air Show in June in a market "active."

The French group Alstom and its Chinese joint venture Casco signed two contracts worth a total of 85 million euros for the supply of signaling systems in metros of Shanghai (east) and Kunming (south).

The partner of minority shareholders (Adam) who assigned Tuesday referred the saddle for Hermes "deprive" the essential rights of family voting at the next general meeting, has been confronted with an invalid procedure and case was adjourned to July 12.Or after the meeting to be held June 30

Casino on Tuesday denied having agreed to the opening of the opening of negotiations between the Brazilian distributor GPA, which holds 35%, and Carrefour Brazil.

PPR and Volcom announced Tuesday it had received notification of the end of the statutory review period on the bid of French on the American brand.

Rexel announced Tuesday it had won its bond issue of 500 million euros, whose order book has surpassed 1.8 billion euros.

Eurazeo Tuesday announced a capital increase, offering its shareholders one new share for 20 old shares held as of May 25, 2011.

The land Gecina in 2nd place behind France in Unibail-Rodamco will continue to sell its assets in Spain and in the logistics industry, said Tuesday its chief executive Christophe Clamageran.

BioMerieux announced Tuesday that the Health Authority (FDA) had recorded rapid testing and automated molecular diagnostic NucliSENS EasyQ MRSA screening for patients infected with Staphylococcus aureus resistant to methicillin.

Europacorp publish its annual turnover, while LCD (poultry) will announce its annual results after-hours trading.

Vinci: a supplement to Tours-Bordeaux

April 13, 2011 - 1:20 pm Comments Off

Certainly, the financing of high-speed rail line between Tours and Bordeaux is a story full of twists. Latest episode, Vinci, selected in March 2010 to build and operate this path, calling for several weeks an extension to the original contract of 7.2 billion. Reportedly, the largest group of French construction and concessions asks his client RFF (Réseau Ferré de France) to pay a supplement of more than 60 million. He argues in particular the rising cost of raw materials.

Vinci does not speak on the subject, but if it goes in this direction is that it can hope to have the right for him. Last year it was agreed with RFF its price of $ 7.2 billion would remain the same until February 28, 2011. The final concession contract between the two parties should be signed before that date.But today, the famous agreement is still not signed. Obviously, RFF is not willing to pay that amount. Negotiations between the two parties are therefore likely to be rough.

These discussions inevitably evoke why preliminary steps essential for the signing of the contract were not completed. First, Vinci had to find loans to the tune of three billion. However, it has not yet achieved this financial closure. "It's complicated given the large number of bankers around the table," said Xavier Huillard mid-February, the group's CEO. The record is, indeed, complicated given the very high amounts of this operation, unprecedented in France.

Communities left behind

The state, meanwhile, was to finalize the contribution of local authorities to round. It was anticipated that 57 communities contribute $ 1.5 billion.Again, this agreement was expected in late February. But the diversity of local contexts has hampered this movement. Especially in the context of district elections. In addition, some communities (General Council of the Landes region of Poitou-Charentes …) have long refused to put their hands in the pocket for this project. Recognizing this, the Minister of Ecology and Transportation, Nathalie Kosciusko-Morizet, left a deadline until April 15 to gather the latest signatures. This has raised the contribution of some as the General Council of Pyrénées-Atlantiques.

But a few days before the deadline, a final tally shows that 200 million missed the $ 1.5 billion. The main recalcitrant? Poitou-Charentes headed by Ségolène Royal, who has just committed to a loan repayable to the state 102 million. Suddenly, everyone wonders who will fill the hole.All eyes turn to the state. But experts say if the state could consider to supplement community failing to 100 million, nothing says it is ready to settle without flinching a note of 200 million.

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To live happy, live perched

March 30, 2011 - 3:20 pm Comments Off

Have a green thumb is not enough. Owning a terrace in town is for many urbanites, a dream has a price. According to a study by Ipsos for the National Union of Entrepreneurs of the landscape, three out of five would be willing to spend more to afford private green space. Remains to be seen how much. A well-enriched with a terrace implies a premium, hard to assess. Beautiful garden and terrace have to be considered as the second living area's largest home after the show, the price of an apartment is calculated based on its inner surface.

"The land can not be accounted for under the Carrez law, gets carried away Vitu Henry Benedict, the founder, twelve years ago, the first agency thematic, Terrace and Garden.Refer a weighting in the estimation of a property with a terrace is unfair … "Some agencies identify three areas: that of the apartment in" square ", that of the terrace, and a third," living ", taking into account some of the terrace. Difficult to navigate.

Exclusive possession

Only a comprehensive evaluation enables real estate professionals to refine their estimates based on a bunch of criteria. A terrace is primarily an outdoor area at above the apartment below. Then, all things considered: environment, vis-à-vis, exposure, accessibility (terrace is worth more than single storey pitched after a spiral staircase). The ratio of area outdoor / indoor is also important.Other criteria, its legal description: mostly as a party town but exclusive enjoyment.

"Everything depends on the use of the terrace," says Peter Bazaille me, notary. Must be able to set up a table and chairs … "How to give a price for this outdoor space? "On a terrace of 10 m2, 2 m2 can be added to calculate the price of an apartment of 70 m2. On a terrace of 20 m2 usable, to be weighed 8 m2 the price of an apartment that would make 100, "he says payday advance. At a recent expertise of an apartment of 80 m2 top floor, with views across Lyon and hanging garden of 50 m2, Pierre Bazaille suggested, however, add to half the size of this urban paradise prices sale."The greening of the place is also part of the estimate of a property, says Henry Benedict Vitu, but it is undeveloped, it is better to give carte blanche to the purchaser." The garden staging, home staging declined would therefore be handled with care.

"Home Green Home"

The owner of a heavenly "home green home" will indeed be delighted to arrange their favorite plants, recommended more often by a landscaper. And guided by the condominium rules that can sometimes prevent some species, such as invasive bamboos. Enhance this green bought at the price of gold is more or less, depending on materials. "The cost per square meter to 250 € in authentic Parisian cobblestones, but at 50 € pebble, note, for example, Pierre Alexandre Risser, renowned landscape.A tray can range from 15 €, plastic, 400 € clay. "In addition to traditional services, he suggested, 200 €, available for" makeovers "decking line. Tips to enlarge the existing smaller spaces. Christophe Courtois and overhung the terrace of a giant mirror, which reflected plants and clouds. From a lead roof bristling with chimneys, Hugh Peuvergne made him a Provencal garden with green oak, cypress, olive Bohemian and wisteria. At the heart of the tenth district, he raises at the end of a terrace of 8 m2, a forest cabin facade. And imagined, on top of a building of the sixteenth Haussmann, a roof terrace of 120 m², with cabin, swing, sandbox and generous dining area. Making sure to leave between the trees, a "track" for Children transferred to a tricycle.

MPs want to marry the AEF in France Televisions

March 10, 2011 - 11:44 pm Comments Off

The idea is gaining ground among the MPs who are working on the reform of broadcasting outside France (AEF). Christian Kert Didier Mathus and the two members co-rapporteurs of the mission on the AEF chaired by Michèle Tabarot (UMP) examine opportunities to "secure the international structure to France Televisions. "The public group could act as a reception center," commented Christian Kert cautious reminder that this idea had already been in development a few years ago before the report of Bernard Brochand not advocating the creation of a structure autonomous as it currently exists.

For the UMP deputy of the Bouches du Rhone, "this would be a more natural affiliation to Agence France Presse that the kinship with less obvious". In addition it would minimize a number of issues raised by Bercy interviewed by the Mission information.They have indeed outlined, in very diplomatic language, virtually impossible for shareholders is the state of having a clear idea of ​​the financial situation of the AEF. That because of the difficulties of current governance. "This explains that the contract objectives and resources with the State which is under construction since 2008 is still not finalized in 2011."

Spun, the AEF would clear up his accounts, but also its costs down, especially in terms of labor costs. MPs recall in effect, that "the two leaders of the AEF – Christine Ockrent and Alain de Pouzilhac – are as well paid as the president of France Televisions, while sizes of companies are not really equivalent. Moreover, it would mean that the Foreign Ministry would no longer directly on the frontline. This, according to people close to the dossier, would not displease him.If at this stage, Pflimlin Remy, president of France Televisions had not commented on this event, he would not, however, vetoed such a possibility. France Televisions is already a 25% shareholder of EuroNews, the European news channel.

But several issues remain pending. MPs do not rule out completely unravel the AEF and thus halt the merger France 24 and RFI. In such a case, France would be only 24 in the bosom of France Televisions while international radio remain independent unless it is linked to Radio France. It now remains whether the public broadcasting group, itself full internal reform, will be able to absorb a new entity.

Finally parliamentarians who know that time is running will not be content to appraise the mechanic of the AEF.They also intend to look at the editorial aspect of the chain and its developments abroad. All responses will be made in early July.

Denis Olivennes raises its first steps in Europe 1

January 13, 2011 - 4:32 am Comments Off

The ball is open. Triggered by the departure of Alexandre Bompard and his replacement by Denis Olivennes as head of Europe 1, waltz directors and animators began rue François I, in Paris, where the seat air station group Lagardere.

Philippe Balland, formerly Head of Programs Europe 1, has requested to leave the house immediately. To replace him, Denis Olivennes announced Tuesday the appointment of Bruno Gaston, formerly director of programs and the antenna 4 and France whom he had worked at Canal +. The date of his arrival has not yet been clarified, but already Denis Olivennes plans to make its mark on the grid station.The three highlights of the radio are in his sights: the morning, a real prime time radio, the clearinghouse between noon and 14 pm and finally the early evening.

Marc-Olivier Fogiel left a respite from his new boss by agreeing to remain at the helm of the morning until June, although a clause in a personal capacity to the binder Alexandre Bompard, would have allowed to leave his post during the season. After initially activated, the facilitator chose to re-enlist under the same conditions as soon as the arrival of Denis Olivennes to Europe 1 was formalized saving account pay day loan. However, his fate for the 2011-2012 season is far from sealed.

The news slot between noon and 13:30 could return to a more journalistic profile. It is currently controlled by the animator Jean-Marc Morandini.The latter is also in control of "Greater Media Direct" and 11:00 to 12:00.

Many sites

Finally, the end of the day has yet to prove itself. In September, Alexandre Bompard had indeed achieved a coup by poaching Nicolas Demorand France Inter to support "Europe 1 Evening" from 6:00 p.m. to 8:00 p.m.. But it was disappointed at the publication of the first hearings of the season during the months of September and October. The output results for the months of November and December January 18 will be the next opportunity to see if he managed to regain control.

Bruno Gaston will open these sites upon arrival. The beginning of September in fact prepares and negotiates the spring before the summer.

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Prices remain stable in November in France

December 15, 2010 - 8:48 am Comments Off

In November, the labels remained wise. Inflation rose 0.1% on the month and remains at 1.6% year over year, according to figures released Tuesday by the INSEE. The seasonally adjusted, prices increase by 0.2% the month (+1.6% on a year). "This slight increase in prices in November from both increased oil prices and rising, partly seasonal food prices," said INSEE.

Energy prices rose 0.9% over the month, those of fresh 2%, as is the season. Note, other food products rose slightly as a result of an increase in meat (+0.5%). The price of cigarettes has been increased by 4.3% over the period.

Promotions on toys and audiovisual equipment

However, rates have declined in tourism and manufactured goods prices fell, "a reflection of promotions, according to Insee. Automakers hold promotions to offset the negative effect of the end of the scrapping, the price of new cars falling by 0 unsecured personal loans.7% over the month.

Like every year, the toys are also subject to promotions (-3.1%), as audiovisual equipment (-1.6%). Finally, "the prices of telecommunications services continued to decline (-1.0% over the month and -1.0% yoy) with the introduction of new types of packages," INSEE said.

Deflationary risk

"The inflation risk is now almost zero in France, said in a note to Alexander Law, chief economist at Xerfi."Our main concern today is more of a deflationary," said he. If lower prices becomes reality in 2011, it could certainly be good for purchasing power. But the economic consequences could be negative, this syndrome increasing the debt burden, reducing corporate margins and causing a decrease in activity.

The economist stresses that the underlying inflation rose by only 0.7% compared to 2009. And it has even decreased by 0.1% in November.

Prudence expected on Wall Street

October 23, 2010 - 10:20 am Comments Off

The U.S. stock market should catch their breath Friday. Futures on Standard & Poor's 500 symbolically retreating from 0.01% to 1175.60 points and the Nasdaq 100 on those advancing by 0.06% to 2081.25 points. On Thursday, Wall Street closed in early rising. The Dow Jones rose 0.35% to 11,146 points, the Nasdaq is up 0.09% to 2459 points and the S & P500 by 0.18% to 1180 points.

The market was driven by another round of quarterly results exceeded expectations. eBay, AT & T, Caterpillar, McDonald's or UPS all have in effect announced earnings above analysts' forecasts.

On the foreign exchange market, the euro lost ground against the greenback in the morning, passing below the $ 1.39.By late morning in Paris the European currency was worth 1.3895 dollars, against 1.3918 dollars on the previous evening.

On the macroeconomic front, investors will have their eyes on the meeting of finance ministers and central bankers from the G20 countries, which opened in South Korea on Friday for two days cash till payday loans. At the opening of debate on Friday, the United States has again called on countries to reform their trade surplus to policy changes to strengthen global growth.For its part, the South Korean President Lee Myung-Bak said the G20 must strengthen its credibility in reaching an agreement on reforming the International Monetary Fund (IMF) summit in Seoul in November.

Schlumberger, Amazon.com and American Express monitored

The side of values, the American oil services group Schlumberger aa announced Friday it made a third quarter net profit of 1.734 billion, more than doubled in one year (+120%), and has recorded an increase of 26% its turnover over the same period.

The internet retailer Amazon.com, issued Thursday after the close of the New York Stock Exchange with net income up 16% in the third quarter to $ 231 million, again exceeded expectations. Turnover jumped 39% to 7.56 billion dollars, and should still win 26 to 40% in the fourth quarter.In contrast, "the group's forecasts on the operating margin disappointed" believe the specialist Aurel BGC. According to the group, the margin should be between 3% and 4.2%, while analysts expected 5%. The group announced a sharp increase in its marketing and operational expenses.

Also after the close of Wall Street, American Express announced a 71% increase over one year net income group share in the third quarter of over $ 1 billion. The group's turnover has exceeded $ 7 billion between July and September, up 17% from a year ago and better than expected by analysts. A note card payments are household are up 14%."The volume of loans, however, remain below their levels before the recession, while cardholders continue to carefully manage their finances and pay off their existing debts," said Kenneth Chenault Group CEO Until cash payday loans .

For its part, the IT group SanDisk announced a profit of 322.1 million quarterly. The turnover is 1.23 billion dollars in line with forecasts analysis. It rose 32% year on year. The operating margin above 50% to 52% exactly. The main good news is the group's production of flash memory which is up 40% year on year.The title climbed more than 5% in electronic trading after the market closes.

Also note, AIA, the life insurance subsidiary Asian American International Group, has raised $ 17.9 billion at the IPO in Hong Kong. AIA has placed 5.86 billion shares to 19.68 dollars, a price equal to the top of the indicative range.

Constellation: EDF is in a weak position

October 17, 2010 - 2:40 pm Comments Off

EDF does not give the deal with Constellation. While both companies are in the midst of conflict around their nuclear power plant project in the United States, EDF has proposed to his American partner to meet next Tuesday in Washington to put all issues on the table and find a solution to the dispute .

EDF tends to Contel hand, not really a spirit of conciliation, but because the French utility is in a position of weakness and not of any interest to upset the U.S..

EDF and Constellation formed a joint venture together, UniStar in order to build a nuclear EPR in the United States, the Calvert Cliffs site in Maryland (northeast U.S.), which could big dividends.A step which has also been fraught with difficulties and that took several months to finalize.

Except that earlier this month, the U.S. has unilaterally abandoned this project and announced that he wished to exercise an option to sell assets that could cost up to $ 2 billion to EDF. This clause is part of a contract that both groups had signed in 2008. But since power plants in question have "lost a lot of value," insists EDF, who said he was initially "surprised" and "dismayed" and finally "shock" of such a threat.

For EDF, this option is "obsolete": it had been signed while Constellation was suffering from a severe liquidity crisis due to financial crisis cash advance payday loan.This is no longer the case.

Constellation ready to sell its shares in UniStar

Since the announcement of withdrawal from Constellation, EDF has sent a letter this week to Constellation, by offering two ways out of this crisis situation: either EDF takes over until the start of the project, all risks and expenses related to the site of Calvert Cliffs, it is bought by Constellation in Unistar, with the possibility of involving another U.S. partner in the project.

Constellation has been suggested to sell its shares in EDF UniStar. The American company has applied for a dollar more than $ 117 million in reimbursement of past costs.

But on this option, Constellation has maintained a strong speech: EDF must "respect its commitment to fully honor its contractual obligations."

At the meeting scheduled for Tuesday, EDF would be represented by Thomas Piquemal, group finance director, financial advisors accompaniment of investment bank Lazard and lawyers for the French company.

ALSO READ: "The EDF nuclear program undermined U.S." EDF contacted Constellation "EDF offers two tracks to his partner Constellation EDF / USA is advised by Lazard" EDF completes its presence in the U.S. nuclear (November 2009)

French companies are scrambling to Brazil

October 3, 2010 - 2:08 am Comments Off

"The French are now discovering that the first letter of Bric is B!" The remark has amused Fajole Eric, the director of Ubifrance in Sao Paulo, referring to the term coined by the bank 'Goldman Sachs to describe the four major emerging countries, "Bric" as Brazil, Russia, India and China. Entrusted by Paris to support companies exploring for the Brazilian market, the agency is overwhelmed by requests to the point of hiring new executives. The growing attractiveness is a sign of many of the economic success of President Luiz Inacio Lula da Silva, whose successor will be elected tomorrow – or October 31 if a runoff is necessary.

With 450 companies, the French presence in the Latin American giant is nothing new. Brazil concentrates 37% of the commercial activities of the Hexagon in Latin America.But the fascination with Asian markets, coupled with repeated crises in the region, has long limited the enthusiasm of newcomers.

The situation has changed. Growth above 7% this year, the unprecedented reduction in inequality during the two mandates Lula battalions enabled the emergence of new consumers. In eight years, 31 million people have left poverty to become members of the middle class. "It's the equivalent of a half-France, and it is expected that 36 million poor people to do the same by 2014," Analysis Marcelo Neri, an economist at the Getulio Vargas Foundation.

Major sporting events

The mutation has allowed large groups to give a boost. Lafarge is the case, fell from seventh to third in the cement, or Leroy Merlin DIY market leader. "Brazil is one of the most promising markets for L'Oreal.The cosmetics industry continues to expand, thanks to the rapid development of the middle class, "said Francois-Xavier Fenart, director general of the Brazilian subsidiary. Despite the global economic crisis, L'Oreal ended 2009 in a country where beauty and looks are like nowhere else, with an increase in turnover of 15%.

The novelty is that SMEs, long afraid of Brazil, decided to put up. "Until 2007 we had a hard time getting companies to meet the industry shows now being denied the world," says Eric Fajole. All sectors are at the party, with particular emphasis on pharmaceutical, agribusiness and infrastructure.Everyone has in mind the World Cup football in 2014, and the Olympic Games in Rio de Janeiro in 2016.

Head of consulting for the installation of the companies within the HSBC Bank, Thierry François-Marsal confirms this new craze of companies whose turnover is between 10 and 100 million euros: "The strategy has changed. Before, they were seeking to export to Brazil, which is not easy because of customs barriers. Now, they prefer direct investment, notably through acquisitions. "The challenge is to flee rather weak growth in Europe and open up across Brazil, now the eighth world economy, all the South America. The reverse is also true, and intrigue. "Before, we saw some great groups in Brazil land abroad for two years is also the case of SMEs.As a result, French companies seeking to know what's behind this momentum, "said the expert.

• Year of establishment: 1975