Posts Tagged ‘usa’

Earlier this week doubtful for the CAC40

February 8, 2010 - 10:24 am Comments Off

After the sharp market downturn in Paris last weekend, with the Cac 40 lost nearly 7% in 48 hours, and the misdirection of Asian Awards on Monday, investors in Paris should be cautious again. The future of the CAC 40 index was down 1.27% at 3563 points.

On the macroeconomic front, there will be no major indicator of both sides of the Atlantic, if not the economic survey of the Bank of France on the growth of France in the first quarter 2010.

Values follow

The year 2010 will be tougher than 2009 for the Franco-Belgian bank Dexia is the acceleration of the implementation of its restructuring plan which has received the green light from Brussels, said Sunday the group managing director .

EDF and Areva announced late Friday it reached an agreement on the processing of uranium used in nuclear power plants of the electrician, an issue at the heart of a dispute between the two groups for several weeks. The CEO of EADS, Louis Welsh said in Munich last Saturday he expected a "clarification" on the financing of additional costs for the Airbus A400M military "before the end of next week" Payday advance .

GDF Suez could revise its bid for International Power Plc, particularly the terms of its offer in cash, reports the Independent on Sunday, citing sources close to the French group.

The Autorit? des march?s financiers (AMF) has asked for new commitments in Belvedere in the case of warrants, which in recent weeks between the group of spirits to the Association for the Defense of Minority Shareholders (ADAM).

Bongrain has reported revenues down 7.4% on a comparable basis in 2009, affected by unfavorable economic environment.

Eiffage managed to stabilize its sales in 2009 thanks to a rebound in activity in the fourth quarter.

Several publications of companies are expected on Monday: Altran Technologies, pre-market Unibail Rodamco, after-hours trading, Le Noble Age and Devoteam. Faurecia brings an extraordinary general meeting regarding the capital increase related to the repurchase of Emcon.

A new reform for local taxes

December 24, 2009 - 6:59 am Comments Off

Now that the reform of business tax is completed, the government will tackle, in January, a new project: the revision of rental values. These rental values are "administered" price of a home or business premises, prices of base used to calculate local taxes. Since they have not been revised since 1970, today they are disconnected from reality. Result: an inhabitant of a building of faded 1960s pay for the same area, more housing tax or property tax that a household living in an old building, dilapidated forty years ago but now renovated. An updating of rental values would end these inequities. But the losers – typically, the people of downtown – could see their local taxes rise by 50%!

Companies are not immune to these distortions."In our barometer for the property tax offices in Boulogne-Billancourt is a city that offers the tax rate the lowest among major cities (except Paris). But it appears 35th on the total cost of fees per square meter, due to higher rental values, "explains Pascal Martinet, director of tax audits of Alma Consulting Group, a consulting firm.

Revision of rental values, however, looks less sensitive to process for companies, because these do not vote. Precisely, the Budget Ministry, Eric Woerth, in charge of this matter, decided to tackle the reform starting with the company. "The dated nature of the bases is more strongly for local business," says his entourage.But the idea is mainly to see what happens revision bases for some 4 million of commercial premises, before launching a big bang about 32 million homes inhabited by the French.

Involve local and parliamentary

Gilles Carrez, the UMP rapporteur of the Committee on Finance of the Assembly, calls for a long time for this method in two stages. In contrast, Jean Arthuis, the centrist chairman of the Committee on Finance of the Senate, was opposed: "If the rental values no longer follow the same rules must be applied to property tax rates for different individuals and companies." At Bercy, we judge that this is not a problem.

Specifically, the Budget Ministry has put in place by January of working groups composed of members of associations of local elected officials, parliamentarians and government officials. "We did not set deadlines for completion.Everything depends on the speed of the consultation. We have no preconceived ideas on how to use ", said the entourage of Eric Woerth. In fact, the options are many. The leasehold basis can be stowed on the market value or remain an administrative prices set by the Treasury. The revision of bases may occur at the same date for all buildings in France or locally, by local, when a sale. Another option: the mayors may have liberty to set the timing of revision.

Finally, the impact of revisions will probably be spread over time to smooth the impact to taxpayers.

"Taxes geometry varies

"Rents: new coverage for owners

The support of The Post in freefall

December 17, 2009 - 2:39 am Comments Off

While MPs this week to discuss the transformation of the company public limited company (now scheduled for 1 March), The Post takes this Thursday its board of directors last year. The estimated results for 2009 and the 2010 budget will be presented. One and one witness to the difficulties experienced by the Post Office. Reportedly, the net income group share estimate was 387 million euros this year, against 529 million in 2008. Operating income is below the targets: he would go below 500 million euros after a profit of 886 million euros in 2008. As for turnover, it is down 2% in one year. In 2008 it was 20.8 billion euros.

All the lights are red while the core business – mail – is severely mistreated. This year, volumes were down 6%. From never-seen.The spread of Internet exchanges is for many. The crisis has exacerbated the problem, mail is closely linked to changes in the gross domestic product (GDP).

"Divided by Three"

Next year does not reserve any good for the mail whose erosion is structural. Jean-Paul Bailly, President of La Poste, acknowledges. In June the group announced it expected a drop in volumes of 30% between 2008 and 2015, an assumption made by most major posts.

In his speech opening the general discussion at the National Assembly, Tuesday, Christian Estrosi, Minister of Industry, was even more pessimistic: "The volume of mail from Post diminish every day," said Minister.There is already – 10%, we will be – or even 50% – 60% in just three years! Again, this is not easy for a postal operator whose business is the heart of e-paper, to cope with the sharp rise of the Internet! "The consequences can be read in the accounts:" The benefits could be divided by three in just two years! "

However, the decline of mail could be offset next year by the growth of other business group, the bank and the package. The 2010 budget, presented on Thursday, would in any case this hypothesis. It builds on strength of sales in a very small increase.

The Post: Besancenot play the spoilers at the Assembly

The change in status of the Post in March rejected

Bercy modifies the rules for fixing gas prices

December 12, 2009 - 11:20 pm Comments Off

After several weeks of reflection, the verdict has finally fallen on the new method of fixing gas prices. The Ministry of Economy, which was to maneuver, just send the document to refer to the Regulatory Commission of Energy (CRE), for entry under the next year, after the publication of a decree .

The government, which ruled until then every three months on possible changes in gas prices, trying to remove a little of the game, at least in appearance. It will no longer once per year, one component of overall framing of the price curve of the molecule. This scheme seeks to prevent the State to meet in full psychodrama whenever Bercy opts for a rise in gas prices.

So now the company, GDF Suez, which will seize the regulator for a rate increase.Which regulator, after watching whether the incumbent's request is consistent with the pricing formula, make a binding opinion. Until now, the opinion of the CRE in the record setting gas prices was only advisory. In the new scheme, the Commission will therefore pose a greater weight.

However, uncertainties remain. In particular, what happens if gas prices are indexed on oil prices should fall? In the reference document, it is not called GDF Suez to decide in what direction. Similarly, it does not ask the regulator to pressure the company to obtain a reduction in charges.

"Let's just common sense: since oil prices are public, they bend permanently, GDF Suez will be forced to seek lower fares.Or the group will draw the wrath of both consumers and government, "says an industry expert.

Psychodrama

So much for the new scheme, at least in theory, developed by the government with the approval of other partners, beginning with GDF Suez. It remains now to see how it will apply in practice. It is hard, in fact, the government remain inactive in the face several repeated hikes in gas prices. Especially during elections, where the energy bill is regularly found in the heart of debates.

In short, despite government efforts, it is feared that this new device does not put an end to psychodramas on gas prices.

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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