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Activity in the first quarter was strong for the group phamarceutique Sanofi-Aventis. Like all its competitors, the French group has benefited from the epidemic of influenza A, which boosted its sales activity of vaccines.

Sanofi-Aventis issued a net profit from growing 9.7% to 2.427 billion euros at constant exchange rates. It's better than expected. The consensus reached by Reuters stood at 2.28 rather billion. Reduced to an action, the net earnings from spring up 9.4% to 1.86 euro. Good performance also operational. Operating income rose 6.5% to 3.3 billion euros while sales reached 7.38 billion euros, up 3.9%.

So the vaccines business that has been the source of this performance fast cash now.This branch has indeed registered a 56% to 944 million euros, 413 million euros on sales of vaccines against H1N1.

Sanofi-Aventis confirmed its 2010 targets

The world number four from the pharmacy always think to do for all of fiscal 2010 to grow its earnings per share from continuing operations of between 2% and 5% at constant exchange rates, "unless major unexpected adverse events .

The group said in a statement that this forecast reflects the input of generic medicines market in 2009 and sales of H1N1 vaccines in the fourth quarter of 2009. They also include the expected impact of health reform in the United States.

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The German company Cognis, a manufacturer of additives for cosmetics and detergents, is for sale. Its owners, the funds Goldman Sachs Capital Partners and Permira, are in talks with potential buyers for a sale price that some 3.5 billion euros.

The world of chemistry, BASF would be the most likely buyer according to sources close to negotiations. It could make a bid this week. The German giant hopes to raise its presence in Asian markets and U.S. Cognis achieving only 30% of its business in Germany online payday loans. The U.S. DuPont and Lubrizol could also be interested.BASF had already acquired last year the Swiss Ciba for 3.8 billion euros to strengthen in the mill.

Cognis owners have already tried to sell the company in 2006, but were eventually dropped for lack of attractive offers. They had bought Cognis Henkel in 2001 for 2.5 billion euros. After a major reorganization, the workforce has shrunk by almost 30% and today the company has 5600 employees.

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Neither seen nor known. For five years, just ahead of their quarterly publications, 18 major banks like Goldman Sachs, Morgan Stanley, JP Morgan Chase or Citigroup, have simply replaced the box for "debt", a figure from another, much smaller, according New York Fed. On average 42%, according to figures from the institution, reports the website of The Wall Street Journal (WSJ).

Why? Because they fear being punished by the stock market investors, who watch carefully the amounts of debts and, thus, the risk levels of a bank. And also because they fear that the ratings agencies are reviewing their notes down overnight pay day loans. What would frighten investors Exchange.

In fact, between two publications, the debts are upgraded in the accounts.In the end, nothing illegal, writes the WSJ Online, which emphasizes that while some complained of the banks confirmed this tinkering, representatives of Goldman Sachs, Morgan Stanley, JP Morgan Chase and Citigroup, have made no comment.

The spokesman for Bank of America has however stressed that "efforts made to manage our balance sheet size are suitable, and these strategies are compatible with the rules and accounting standards.

In the battle to win the open market for U.S. tanker, the Airbus European Aeronautic Defence & Space (EADS) has granted a period of 60 days to decide whether to submit a bid against Boeing.

The Pentagon spokesman, Geoff Morrell, reports and an extension of time less than 30 days that the EU had asked to be ready. EADS had clearly indicated that it took at least 90 days to prepare a bid for this contract represents $ 40 billion. Washington finally gave up and decided on July 8 to accept new files payday advance.The contract will be awarded in the fall.

The EU was primarily associated with the American Northrop Grumman, which finally withdrew its bid in early March, arguing that a device already left Boeing favorite, given the terms of the tender market.

On another aviation market, the Brazilian airline Tam expects an increase in traffic of 18% over its territory in 2010, against 14% last year.

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The Bollor? Group has published a net income of the group stood at 94 million euros, against 50 million in 2008 (88%), under the year 2009 on the basis of a consolidated turnover down 17% to 6.011 billion euros. A decline that the group attributes to "the decline in oil prices in the energy distribution and the decrease in volumes and freight rates in the transport and logistics business.

The company services transport and logistics explains the increase in its net profit in part by that of its operating profit by 21% to 174 million euros and also by increased participation in the net associates at 72 million euros in 2009 against 125 million euros in 2008 make quick cash .The group said in a statement that these 72 million euros, 65 million from investments in the media sector (Havas, Aegis, Euromedia Group).

Bollor? submit in June for approval to the next General Assembly of shareholders a dividend of 1.30 euro (18%).

Havas, which Bollore is the largest shareholder, issued last Tuesday, down more than 11% of its net profit to 92 million euros and 8.1% of its turnover of 1.44 billion 'euros.

It's a tradition. The low-cost companies stigmatize the benefits of the former national companies who claim themselves of differential payroll with low costs.

The Association of European low-cost airline called in Brussels on Wednesday to launch an investigation into state aid granted to Swedish companies SAS, Malev Hungarian, Czech and Spanish Spanair CSA. In France, it was easyJet, which folded this year on Wednesday, declaring that the new policy of economic regulation that prepares Aeroports de Paris (ADP) continues a tradition of support to Air France.

ADP, which froze the royalties in 2010, proposes an average increase of 1.38% per annum from 2011 to 2015. But the freezing of airport charges in 2010 because of the crisis, conceal lower landing fees and parking a share, offset by an increase in passenger fees other."This pricing policy penalizes low-costs that have high rates of filling and favors Air France going for her clients in aircraft to three quarters empty for the lead on its hub," explains Fran?ois Bacchetta, CEO of easyJet in France. He said the British company pays royalties for a larger Paris-Toulouse full 85% Air France aircraft with a full 70%.

Competition with Air France

Questioned on the subject, ADP recalls having spent half of its 3 billion euro investment from 2006 to 2010 in the development of its terminals. "It is normal that the passenger charge to follow this evolution," said a spokesman of the group.

The British company also points a possible loss of the French network.The maintenance of this system of royalties could, she said, forcing her to abandon branch lines, more economically risky and focus on the most profitable routes in direct competition with Air France.

This strategy of direct competition with Air France is special easyJet, unlike Ryanair, which focuses on regional airports and routes not served by Air France. easyJet has opened a dozen roads in France since the beginning of the year and announced it will always profit at the end of the year.

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It is a non-final, which sounds like a challenge to international pressure: the Icelanders did not want to spend their lives to pay the bill left the bank Icesave. Saturday, they have rejected more than 93%, the repayment plan to Great Britain and the Netherlands for around 3.8 billion euros, lost in the collapse of Icesave, in October 2008. A firm that could pay off: yesterday, said London was ready to "be flexible" in the coming negotiations.

"There is every reason to congratulate the people of Iceland. The result was clear, "welcomed the President Olafur Ragnar Grimsson. In January, he had refused to sign the bill says Icesave, narrowly passed by Parliament. Under public pressure, he preferred to call a referendum."The public understands that we must be treated as a sovereign nation and not be intimidated by the British or Dutch," exclaimed Magnus Arni Skulason, founder of the movement indefence opposed to the agreement Icesave. For indefence it was deeply unfair to place too heavy a bill – 100 euros per capita per month for eight years – on the shoulders of a ruined country.

London said he was "flexible"

After a strange country where no one had called to vote yes, this result is "not a shock to the government," relativized the first Social Democrat Minister Johanna Sigurdardottir. Like several of his ministers, she herself had chosen to abstain … But such a tidal wave put the coalition into a corner cash advance america ."These results represent a serious warning to the government, says Olafur Isleifsson, professor of economics at Reykjavik University. By abstaining in the vote crucial to the nation, they showed that they were very distant from the people. "

Rejecting any possibility of resignation, Johanna Sigurdardottir said there was "(our) duty to resume negotiations" with London and The Hague. "It is important that we do so as quickly as possible," added the Minister of Finance, Steingrimur Sigfusson.It would be difficult (to reach an agreement) if we approached the elections too. "The elections are due in May in Britain and in June in the Netherlands.

To the President of Iceland, the ball is now in the court of London: "The main question now is: what will Gordon Brown?" The British finance minister, Alistair Darling, responded on Sunday: "We are prepared to be flexible "he admitted, noting that the reimbursement would require" many, many years. " As the government of The Hague, he assured to remain "involved in finding a solution."

Another failure of talks might push a little further in the Iceland crisis, delaying a bailout plan of 3.3 billion euros pledged by the IMF and Nordic countries.Some analysts say it could hamper his candidacy for the European Union, giving London and The Hague a reason to oppose it.

The meeting begins on a positive note on Friday, the Paris Bourse. At the opening, the CAC 40 climbed 0.46% to 3845.99 points. Investors follow the general optimism of their Asian counterparts. For the final session of the week, they have opted for green, morale boosted by the announcements by Chinese Prime Minister Wen Jiabao. This provides 8% growth in China in 2010 and confirms that the measures of government support to the economy. There is also a possible easing of monetary policy in Japan.

Yesterday, markets were not welcome U.S. statistics which indicated a relapse of the promises of home sales in January. But unemployment figures better than expected (the number of newly unemployed fell during the week ended February 27, with the deposit of 469,000 new claims for benefits) were eventually lighten the mood.Wall Street had also increased its earnings from these ads, pushing the French investors to reconsider their position.

This Friday, the Paris Bourse waiting 12 hours to figure orders from companies in Germany for the month of January. Then the United States will be published by the Department of Labor, the highly anticipated monthly report on employment in February. After Market (in 21 hours), the U.S. figures reveal consumer credit.

Areva and Veolia in the spotlight

Veolia Environnement (-0.10% to 24.98 euros) said before market in 2009 have recorded a turnover of 34.55 billion euros, down 3.4% on year, down slightly higher than expected (-2%).Net profit after minority interests amounted to 584.1 million euros, which therefore shows an increase of 44% over one year and beyond expectations (35%).

Areva issued after market close Thursday, a 2009 operating profit up 20% to 501 million euros. The turnover showed an increase of 6.4%, to 14 billion euros and net income group share for 552 million euros (-6.3%). The group has mainly confirmed its profit goals for 2012. In addition, the Department of Energy reported that U.S. demand for Areva to obtain two billion dollars of guarantees on credit advanced. The title climbed 1.32% to 350 euros.

NicOx announced Thursday a net loss of 60.4 million euros in 2009, cons -73.9 million euros in 2008. Revenues NicOx stands at 1.1 million euros at December 31, 2009 against 3.4 million million a year ago.The Exchange welcomes the news: the title won 4.05% to 6.016 euros.

The rest of the news companies, excluding results announcements

Side of EADS (+1.44% at 15.87 euros), Madrid has proposed the transfer of filled related to the A400M UK to Spain if London does not take 100% sharing additional costs of military transport aircraft, according to sources familiar with the matter.

The banking sector is also under surveillance. The bankers were again summoned to the Elysee Palace on Friday for a working meeting with Nicolas Sarkozy on the theme of financing for SMEs and SOHO. The reaction of BNP Paribas (0.69%), Credit Agricole (+0.84%) and Societe Generale (0.79%) is expected.

Casino (+0.10% at 60.49 euros) should start in May its pods, modeled on that of Nespresso.In France, the market for coffee pods is estimated at 1 billion euros, half for Nespresso.

Natixis (0.71% 3.68%) is under the radar of the AMF. A book published Thursday reveals that the former officers have disclosed false information to markets, in October 2008.

Orange and Alcatel-Lucent has introduced Tuesday Britain Atlantic Arc, a program dedicated to technology companies of Brittany and Pays de la Loire. "There is support SMEs and start-up technology sector and communication to develop their products by providing our equipment but also our know-how and expertise," says Pierre Barnabe, President and CEO Alcatel-Lucent France. The major advantage of this initiative is that it covers both the upstream phases of financial and economic model, intermediaries, with the development of the application or those of marketing.

Thus, Alcatel-Lucent launches in incubation by offering to host start-ups or being created in Lannion (C?tes-d'Armor)."We are also here to help entrepreneurs build their business model, their business plan so they can convince investors. On this subject, it is a real coaching that can last up to three months, "says Thierry Bonhomme, Executive Director of R & D at Orange.

The component openlab provides access to some platforms of the two test groups. "We also offer businesses some bricks technological hardware and software of the two groups," says Thierry Bonhomme free credit score online . Finally, the two leaders will assist companies in finding business opportunities."In some cases, it is certainly possible to integrate new to some of our products," said Gerard Le Bihan, who coordinates the program for Alcatel.

For now, both groups have booked 1 million for the first year and expect to be asked. "We recently launched a UK competition for the attention of innovators, and the results are remarkable," welcomes Thierry Bonhomme.

"Investing on brainpower"

If the price of services are not defined, we already know that nothing is free. In contrast, Alcatel-Lucent and Orange provide a balance between costs and prices charged.

In the West, business leaders welcome these new opportunities: "We preferred to invest in the gray matter. Result: we can not buy a compressor or image encoder.This program should allow us to access these tools. But, in my opinion, the most important aspect is that inflows of trade, appreciates Gabriel Laval, who created last May a company that specializes in image processing.

Finance ministers and central bankers of the G7 (U.S., Canada, Japan, Germany, France, Italy, United Kingdom) are found on Friday and Saturday in northern Canada (see below). As Barack Obama lashed out Wednesday at the undervaluation of the yuan, "matters relating to the Chinese currency (are) in all minds," said Treasury Secretary Tim Geithner, suggesting that the subject would be treated by the G7.

Officially there is indeed no agenda, and contrary to tradition will be no statement issued after the meeting. "We want to rediscover the" spirit of Rambouillet "historic first G7 in 1975, and have a" chat by the fireside "freer," says one does in Paris.

There is also evidence that the G7 keeps all its usefulness, although the creation of the G20 seems to have finally stole the palm as an instance of global economic governance. The G7 countries are convinced that they have specific interests in common, as explained by a European central banker. "Our currencies are the only ones to be truly flexible, and also we can not forget that our economies have pushed capitalism to the brink!" Quipped the great European treasury.

Debt relief in Haiti

The G7 countries recognize the need to reorganize their respective banking systems, which – and alone! – Were behind the financial crisis of 2008.Mario Draghi, participate in debates with his two hats as governor of the Bank of Italy and Director of the Financial Stability Board, the international body created by the G20 to coordinate international regulation of all financial institutions, and not Only banks.

As for currencies, it is true that the G7 currencies are virtually alone, with few exceptions including the Swiss franc, which float freely, for better or for worse. The remarks made Wednesday by Barack Obama against the yuan, strangely overlapping language of Nicolas Sarkozy vis-?-vis the dollar. "The price of currencies and their accuracy is one of the challenges we face on the international level to ensure that the prices of our products are not artificially inflated and those of their equally artificially lowered," said U.S. President.

Even if the G7 should lead to no decision, according to a spokesman for the German Finance Ministry, announcements could be made regarding Haiti. The U.S. Treasury first raised the issue of debt relief for Haiti. Dominique Strauss-Kahn, the IMF managing director and Robert Zoellick, President of the World Bank participate in the Canadian meeting.

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