A victim of a late traveler wins lawsuit against the SNCF

Posted by admin on July 31st, 2011

"Today I am very happy that the rights of passengers are finally recognized," says Celine Cloquet-Claret. The acupuncturist Lyon, aged 33, welcomed the decision of the District Court of Paris, which proved him right in front of the station in a case of delayed train. And, although it has not affected the Euro 4044 she claimed: 3000 euros for moral damages and 1,044 euros in fees for these professional meetings. "The most important thing is that I have made my day pay off," said Celine Cloquet-Claret in figaro.fr.

The traveler asked for 4000 euros

In addition to the refund of his ticket, the SNCF will pay € 300 in damages for hurt feelings and € 500 in court costs. Is "approximately 900 euros payable immediately," according to his lawyer David Metaxas. This amount does not fully cover the fees it would receive due."This difference is explained by the fact that we could not account for the entire injury," said the lawyer figaro.fr. Five other passengers the route Paris-Lyon filed a writ of summons and also claim the same amount "equivalent to a day's work," according to counsel for the National Federation of Associations of transport users.

Background: Friday, January 8, 2010. As every week, the young woman took the train to Lyon to 8 hours to Paris where she planned 12 treatments of the Beauty of the Hotel Majestic. Fifteen minutes later, the TGV stops. "After two hours, we were told it was a problem on the overhead line, but we say when it would be resolved," she says. After seven hours, the train leaves for finally coming into Gare de Lyon to … 4:32 p.m., when he was supposed to arrive at 10:03.Meanwhile, the acupuncturist has lived a nightmare. "It was getting cold and I could not tell my customers I was late (because of the catenary problem, heat and phones do not work)," said she easy payday loans. Then comes lunch. The station serves meal trays. "But there were only 150 to 300 passengers and I could not eat," she says.

"These assignments will multiply"

Furious, the girl immediately returned to Lyon. "I lost my day, she says." And money: 1044 euro, the amount of his fees for the twelve sessions. The envelopes distributed by the station for a refund the ticket does not cover that amount. On the advice of his lawyer friend, she decides to press charges. His lawyer believes that the station has breached its contractual obligations, "the obligation of punctuality" and "the requirement of safety and information."According to him, a broken overhead on the network, causing disruption of traffic, is not a case of force majeure. "This kind of delay can not be seen as unpredictable, it happens all the time," says the lawyer. He added: "Beyond the delay is the way the station handled the things that is problematic: it does not inform the passengers, they are left without heating or hot drinks, we do not offer evacuate them. "

Anyway, this new case comes a little more tarnish the image of the station, faces many delays in recent months including that of the famous night train from Port Bou-Strasbourg / Nice arrived with more than 24 hours after his departure. For two other stories of late, two lawyers had also won their case against the company several months ago. "These assignments will multiply, says Mr. Metaxas. Users have had enough.Subscriptions are too expensive and their purchasing power decreases. Through these victories, users must realize that they can recover more than just a ticket refund. "

The Paris Bourse remains cautious in mid-session

Posted by admin on July 27th, 2011

Concerns still dominates trade in the Paris Stock Exchange on Wednesday. The CAC 40 was down 0.65% to 3763.42 points in mid-session. Elsewhere in Europe markets evolve piecemeal. In London, the FTSE-100 index advances 0.87% at 5915.80 points while in Frankfurt the Dax was down 0.24% to 7331.9 points.

Yesterday, the CAC 40 index closed below 3800 points, troubled by debt problems in the United States. One week before the deadline, Congress remains divided despite the new call for compromise of President Barack Obama urged the Republicans to act to prevent default after August 2, including the economic consequences could be severe.

Republicans and Democrats offer two different plans.On the one hand, the Republican chairman of the House of Representatives, John Boehner, insisted on Tuesday his plan, a "reasonable approach" he said to avoid default. On the other, the head of the Democratic majority in the Senate, Harry Reid, defended his rival project. "The Senate plan is the only real compromise that we have in Congress today, and it's best chance to avoid an economic crisis in a week," he said.

Christine Lagarde, the new director of the International Monetary Fund (IMF) has also called on Washington to "find a real solution." She also asked the Europeans to apply "quickly" the plan against the debt crisis.

The dollar is still worth

Since then, global markets are nervous. In Asia this morning, the issue of U.S. debt was back the Nikkei.Wall Street closed down yesterday for the second straight session. "While remaining confident, we also understand that there is some anxiety as we push things until the last minute," lamented the spokesman of the Presidency, Jay Carney.

On the currency side, the dollar is still abused. The euro, however, gives some ground in late morning at 1.4495 dollars against 1.4509 late Tuesday. Oil is not his direction, the barrel of "light sweet crude" for delivery in August the amount of 34 cents to 99.25 dollars and that of Brent North Sea crude for September delivery taking 17 cents to 118.45 dollars.

In this gloomy atmosphere, operators keep an eye on the indicators of the day. United States, orders for durable goods and the weekly crude inventories will attract the attention early in the afternoon.The Fed's Beige Book will also be an important appointment (20 hours in Paris). The unemployment figures for June in France fall after-hours trading (6:00 p.m.).

Values ​​to follow

PSA: -7.86% to 27.18 euros (largest decrease in the ACC)

Net income in the first half rose 18.5% to 806 million euros and sales of 9.7% to 31.1 billion euros.The negative impact of the earthquake in Japan and the rising cost of raw materials led him to a little more cautious for the full year.

Nexans: -7.62% to 60.76 euros

The group reported a loss in the first half of 151 million euros, and announced a provision of 200 million euros for the European survey.

Atos: + 5% to 39.15 euros

The French IT services company said Wednesday net profit in the first half of 2011 up 66% year on year to 100 million euros, and welcomed the 11% growth in its operating margin in a statement no fax payday advances.

AreclorMittal: + 2.64% to 22.70 euros (largest increase in the ACC)

The world of steel recorded a 10% drop in net profit in the second quarter, but has been as expected a further improvement in profitability, according to a statement released Wednesday.

LVMH: + 1.08% to 131.40 euros

The group saw sales increase by 13% in first half operating performance and increase by 22%, driven by demand for luxury goods that do not weaken despite the uncertainties surrounding the global growth.

Vinci: + 1.51% to 41.22 euros

The group announced Tuesday a record order book and robust business in the first half, making it possible to confirm its growth target of more than 5% of sales in 2011.

Euler Hermes: + 1.72% to 61.02 euros

The credit insurer said Tuesday it hoped to reach at least 320 million euros in net income in 2011, an increase of almost 10% compared to 2010 despite continued pressure on prices and the lack visibility of the markets.

M6: + 0.06% to 15.76 euros

The group is expected to improve its diversification activities in the second half after a difficult first half of the year, told Reuters on Tuesday Jérôme Lefebure, its chief financial officer.

Saffron: + 0.12% to 28.74 euros

The group finally completed the acquisition of specialist U.S. facial recognition software L-1 Identity Solutions after hiring a former head of a major U.S. intelligence to overcome any concern related to safety.

Sopra: -0.27% to 56.35 euros

The group confirmed on Tuesday its forecast for organic growth in sales in 2011 and anticipates an improvement in operating margin in the first half.

Spir communiction: -3.20% to 38.14 euros

The group engaged in a difficult transformation plan, announced Tuesday he was still a net operating profit in 2011 despite a drop in this indicator during the first half of the year.

Icade confirms its objectives

Next Radio TV: -0.66% to 13.50 euros

The group reported Tuesday a sharp increase in its financial results for the first half, boosted by the increase in hearings RMC and BFM TV background current density.

Icade: -0.97% to 82.51 euros

The group confirmed its targets for 2011 and Tuesday 2012 after reporting strong growth in its interim results, bolstered by improved margins from its Development division and reducing its cost structure.

Compagnie des Alpes: + 0.09% to 22.20 euros

The group reported Tuesday a decline in sales on a comparable basis as part of its third quarter, related to a decline in activities of skiing due to an unfavorable timing of the Easter holidays and a deterioration in the snow.

After market, Valeo, Thales, Ipsos and FDR will publish their first-half results. Air France-KLM, Vallourec, Areva, Altran, Mr Bricolage, Rexel, Gecina Nexity and reveal their results and revenues for the second quarter.

Wall Street started the week on a negative note

Posted by admin on July 25th, 2011

Concerned about the lack of progress in negotiations on the ceiling of U.S. debt, equity markets began the session in the red. After completing the session Friday without any real conviction, the Dow Jones lost 0.51% to 12,616.64 points, the Standard & Poor's 500 index 0.84% ​​to 1333.72 points and the Nasdaq 0.94% in 2832 , 06 points on Monday at the opening.

If the euro reached an agreement, the United States they still fail to agree on the ceiling of the debt. Crucial negotiations remain stalled between the Democratic allies of President Barack Obama, the Senate majority and their Republican opponents, who control the House of Representatives.If politicians on both sides do not agree by August 2, the maximum allowed rise of U.S. debts, the government of the world's largest economy may be in default.

In Europe, since the announcement of a new device to try to save Greece and avoid contagion of debt to other countries considered fragile in the euro area, the rating agencies make known their position on the plan, the highly anticipated reactions, since some aspects of the agreement threatens to put Greece under default. According to Fitch, as of Friday, decided that Greece was in partial default, Moody's downgraded three notches this morning note the country of Caa1 to Ca, one notch from the default.

New pressures on gold

Sign of renewed concern about the market, gold, traditional safe haven climbs to new highs.The ounce has risen to over 1620 dollars, while the stalled discussions on the United States raising the ceiling of U.S. debt exacerbated the nervousness of the markets. The price of an ounce of gold rose to 1624.07 dollars on the spot market in early Asian trade, a new record.

On the foreign exchange market, the dollar is penalized. The euro is rising against the greenback to 1.4375 dollars in late morning. Oil is also down. In morning trading, a barrel of "light sweet crude" for August delivery lost 1.08 dollars to 98.79 dollars. That of Brent North Sea crude for September delivery lost 60 cents to 118.07 dollars.

First estimate of GDP for the second quarter Friday

On the macroeconomic front there is no any major indicator on the agenda of U.S. investors on Monday.Things should accelerate in the coming days with the highlight of Friday, the publication of a first estimate of growth in the United States for the second quarter, the analysts of the firm IHS Global Insight provides "very disappointing" .

Other statistics will punctuate the week.Tomorrow investors monitor the index of consumer confidence and new home sales and durable goods orders Wednesday and the economic report of the Central Bank (Beige Book) and Thursday the promise of home sales and last Friday of industrial activity in the Chicago area.

Another wave of corporate results to follow

The side of values, the U.S. conglomerate United Technologies is planning a partial sale or other "strategic options" for a subsidiary specializing in rocket engines, Rocketdyne, according to the pattern of this activity, Jim Maser, interviewed by the Wall Street Journal .

Citigrop announced the sale of Egg Banking subsidiary, specializes in mortgages and savings, UK Yorkshire Building Society, announced last Monday.

Dow Chemical has announced its formation of a joint venture named "Sadar Chemical Company" with Saudi Aramco.

For its part, Netflix is ​​in talks with DreamWorks Animation to obtain exclusive rights to its catalog of streaming movies, according to Bloomberg.

Research In Motion plunges him 1.7% after a detailed cost optimization program, which includes 2,000 job cuts.

In addition, financial publications are still very many this week. Kimberly-Clark fell back 0.4% in early trade.The manufacturer of tissue paper, has already announced that its earnings per share for the year could end up in the bottom of the expected range.

Baker Hughes said it more than tripled its earnings in the second quarter due to increased drilling activity in the United States, which has also benefited its two major competitors in the oil services sector, Schlumberger and Halliburton.

Among the values ​​of Dow Jones, the retailer Wal-Mart, the aerospace group Boeing, the consumer group 3M, DuPont chemist, or the oil ExxonMobil and Chevron.

So far, the vast majority of large U.S. companies posted higher profits than expected in the second quarter, particularly in the technology sector.

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Poweo disengages green energy

Posted by admin on July 18th, 2011

Coincidence of timing, when the French government announced the rules for large PV installations, the producer of renewable energy Neoen and private equity investment Axa Private Equity participate in the consolidation of a growing industry but still very scattered. Neoen and Axa PE announced Monday the purchase of renewable Poweo activities. Founded by media Charles Beigbeder, Poweo is controlled by the group since 2009 Austrian Verbund. Its branch renewable 100% controlled by Verbund, is distinct from Poweo SA, the small challenger EDF is for sale. Taking advantage of the confusion, the action Poweo SA rose 18% on the stock market yesterday.

Active in offshore wind

The operation mounted by Neoen and AXA PE is around 50 million euros, according to Xavier Barbaro, CEO Neoen. The two buyers will share the assets of Green Poweo.Neoen take possession of 14 megawatts (MW) of photovoltaic systems in operation in France and a portfolio of projects. Totaling 50 MW in solar and wind power and 70 MW biomass project in the state approved.

Neoen also retrieves the trash from Poweo installed in the consortium recently with EDF to meet the tender of the State on the first offshore wind

This young company, founded in 2008 in the lap of Direct Energy, is now a "sister company", sharing the same shareholder, namely Jacques Veyrat.As part of his departure on June 30 of the Louis Dreyfus, one that Robert Louis-Dreyfus regarded as his spiritual son got in exchange of its shares in the group of trading, more active and which Neoen 39 2% of Direct Energy.

Supported by its new shareholder, the small Neoen sees far. With the acquisition announced Monday, "we will double our sales power," said Xavier Barbaro. And "it is only a first step," said the leader of this company recently opened an office in Portugal for investment in solar.

Xavier Barbaro time opportunists in photovoltaics in France is over. To evolve and grow in the highly capital-intensive renewable energy, whether solar or wind, "you have to reach critical mass."

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Summer festivals: artists' fees up

Posted by admin on July 16th, 2011

"There are two ways to bring artists in a festival. It depends if you have money or if we have not. " Here's how CEO François Floret and coprogrammateur Festival Route du Rock in Saint-Malo (from 12 to 14 August 2011), summarizes the difficulties faced by the organizers of summer music festivals at the time to place their programming. Because the area is changing for ten years.

Faced with the collapse of record sales, artists tend to want to catch up on their live performances. In recent years, the stamp of a headline average doubled from 100,000 to about 200,000 euros concert . Two years ago, the claims of artists such as rock bands Radiohead and the Arcade Fire could reach 500,000 euros a night delivery. A luxury that the Route du Rock, after more than 20 years of existence can not afford.Especially since the philosophy of the festival "has always been focused on the discovery of new talent," says its director.

A total of 340,000 euros per year are devoted to the artistic, or just over 19% of the annual budget of the event. Festival Rock en Seine in Paris (from 26 to 28 August 2011), this percentage reached 33% on a budget of 6 million, for a festival attendance of 105,000 in 2010.

Few artists have their own agents

To perform their scenes, organizers go through the special agents of the artists. But in most cases, they must go to production companies (the "turners") who sell the show, usually including travel, by winning 15% of the sale. Remains the responsibility of organizing the cost of hotel and catering.The financial balance of a music festival, big or small, is always delicate balance between inflation of stamps and need for headliners known to attract an audience often more sensitive, especially in times of crisis, to "safe bets".

Especially as competition from large foreign festivals like that of Open'er in Gdynia (Poland), heavily sponsored and line art more variable, contributes to the inflation of the claims of artists and the business side of an event. This year's Route du Rock will receive about 17,000 spectators to reach its equilibrium point. To get to lower costs artistic, the organizers can sometimes rely on the recognition of certain groups. This was the case last year, where the rock band The National has made a financial investment for their third participation in the Route du Rock, who has made known in France in 2005.But these returns elevators are rare, "artists tend to quickly forget their ideals of youth" deplores François Floret.

Artistic expenses under pressure

More confidence in the festival of the summer Vaour (Midi-Pyrenees), the artistic budget does not exceed 28%, 5% for the music (about 10,000 euros). Again, the trend in the price of contracts bought production companies are on the rise. No need to be an international star in setting its prices. "We can see, especially for groups that have no problems selling dates, says Sylvie De Sousa, in charge of music programming of the festival that drew in 2010, 18,000 people in nine days. Those who have more difficulty selling their shows make an effort. " The average cost to the organizers groups received between 800 and 1300 euros per service.And the festival should be more attention to his artistic expenses, some concerts are free.

Finally, the last festival that highlights specific financial issues, the uniqueness of the service provided. Artists to bring only one date is in fact a greater financial effort, where the organization of a tour allows you to spread fixed costs over several dates. A show to 1500 euros per day on tour will be up an average of 4000 euros for a single date.

Theater festivals are much more subsidized

In terms of theater festivals, the financial efforts of the programming is even greater. "Music festivals generate more ticket revenue for those plays, because they mobilize a public far more numerous. Which is also the case for ancillary revenues (bar, derivatives).In the end, the part flow from music festivals, especially the general public is much stronger, "said Jonathan Fox, the head of the theater program of the festival Vaour. In addition, the confidential nature of the discipline is also in this sense, although of lesser importance.

On the other hand, the troops come for several performances, which smooths the cost over several days. Ultimately benefits of a theater festival like the summer of Vaour range from 500 to 3000 euros, "the notoriety aspect of the company also playing its role," says Jonathan Fox. By comparison, a one-man show in Paris like the comedian François Rollin costs between 5,000 and 10,000 euros. These characteristics explain why the sector is generally far more subsidized. For example, 22% of the budget of the festival of the summer of Vaour comes from public subsidies.

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Offshore wind: EDF partners with DONG Energy

Posted by admin on July 4th, 2011

The battle to win the big contract from the French offshore wind organized. After Areva, which has partnered with the Spanish Iberdrola last week, it was the turn of EDF Energies Nouvelles to partner with a foreign group specializes in offshore wind, according to Les Echos. A subsidiary of EDF should indeed unveil Monday morning a partnership with Danish DONG Energy to meet the tender to be published July 11, the newspaper said. The tandem will try to get hold of the entire order worth a total of 10 billion euros.

The project, detailed by Nicolas Sarkozy last January after being repeatedly postponed, for the first phase is to establish 600 wind turbines with an installed capacity of 3,000 megawatts (MW) in France. By 2020, the government is a target of 6000 MW of offshore wind, or 1200 units to be built.

In detail, EDF EN and DONG Energy would create a joint venture majority owned by EDF Energies Nouvelles. This new entity will offer a special place in the Danish group in the race to the contract and will allow EDF EN to join a specialist offshore wind. In fact, DONG Energy already operates eleven offshore wind farms in Europe. The Danish group have been very courted, especially by GDF Suez.

In contrast, the subsidiary of EDF is still not present in the field of wind energy at sea, but EDF EN goes into working order. Having established a partnership with Alstom to supply him the offshore wind, he offered the services of three groups who worked on the project.

DONG Energy and EDF EN, associated with Alstom, is positioned on the five areas covered by the tender in competition with Areva / Iberdrola on two areas and three areas with GDF-Suez, Areva Vinci.Other contenders could also decline by 11 July.

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Publicis boss has five more years to prepare for his succession

Posted by admin on June 8th, 2011

Maurice Lévy, chief executive of Publicis Groupe, has a comfortable time to find his successor as head of world number three communication. Thus decided on Tuesday its shareholders in general meeting, with the blessing of the President of the Supervisory Board, Elisabeth Badinter, the first shareholder with 10.5% of the capital and 17.2% of voting rights. The age limit for board members was increased to 75 years against 70 years ago.The mandate of Maurice Levy, 69, was stopped late 2011.

In a statement, Publicis Groupe justify this choice, beyond the managerial issues, indicating that Maurice Levy "can continue to guide the group in the revolution that shook the world of communication, including the rise of digital and Emerging Markets. "

He joined Publicis in 29 years, CEO since 1975 and CEO since 1987, Maurice Levy is undisputed artisan of the internationalization of the advertising group and registration, before its competitors in the digital age. The successive acquisitions of the two largest interactive agencies in the world, Razorfish and Digitas in 2006 in 2009, have accelerated the molting of Publicis, which now claims leadership in digital communications (28.2% of Group revenue in the first quarter 2011)."We're way ahead of our competitors," Maurice Levy repeats. His group has also recently illustrated by holding the end of May in Paris, the first eG8, visit the worldwide web of tenors.

Jean-Yves Naouri prospective

The offensive Publicis very proactive in digital has enabled the group to outperform its peers in 2010, with organic growth of 8 No teletrack payday loans.3% – when the world's leading WPP posted 5.3% and number two, Omnicom, 6, 4% – a record profit of 526 million euros (+30.5%) and a turnover of 5.4 billion (+19.8%). The group's financial position (106 million euros in cash and a positive end-2010 debt reasonable) allows him, moreover, continued serenely its strategy of targeted acquisitions in the digital sector and emerging countries, including Brazil and China .Last month, the group acquired the Rosetta for a U.S. $ 575 million.

Asked yesterday about future developments, Maurice Levy has ruled out a bid to redeem his group Synovate, the market research subsidiary of Britain's Aegis and Publicis said was however very soon announce the result of "some projects" under discussion in China that will provide "fairly significant changes." Publicis wants to make its second largest market after the United States. On his estate, which he did not directly question yesterday, Maurice Levy has already given indications. In late March, he appointed Jean-Yves Naouri, his closest associate and CEO of Publicis Group, the Executive Chairman of Publicis Worldwide, the leading advertising agency network of the group next to Leo Burnett and Saatchi & Saatchi.Maurice Levy few years to confirm it or not, his status as heir apparent.

Apple revolution icloud

Posted by admin on June 6th, 2011

Monday night, Steve Jobs must have Apple's service icloud. Using a deal with record companies, the Cupertino company will upgrade its online music service iTunes. Customers can purchase their music from Apple's online store and listen to their wishes, where they are. The service called "cloud computing, or cloud computing, grow fast. This is a new revolution in computing. It is to connect to the Internet to access data and applications. Individuals no longer need to store on their PC or hard drive at home, and businesses no longer need to invest in high-performance computers.

The computer then used to open the application as a water faucet or turn on a light.Apple already offers a first service "cloud" to synchronize the network, contacts, emails and diary, from an iPhone or an iPad. The MobileMe service is very expensive (99 dollars or 79 euros per year from France).

Click on the thumbnail to enlarge the graphic.

Amazon has shown the way

Google will launch this summer the free operating system for PCs, Chrome OS, designed and filmed for the cloud. "The biggest users of cloud services are already without knowing it, individuals using tools such as Gmail or Google pay services data storage from Amazon," said Lew Tucker, Director Technical cloud at Cisco.With his offensive, Apple created a new front against Google, Amazon and Microsoft.

One of the largest global provider of cloud services Amazon is the world leader in cultural services in line with an estimated turnover in this area at one billion dollars in 2010. The original idea of ​​the champion of e-commerce, which has expanded its services to music storage for individuals, was to lease excess capacity of its own "farms" of computers. "It comes down to your apartment when it is empty during the workday and when you go on vacation," says one expert. All the giants of the Web follow the lead of Amazon. In economic terms, the marginal cost is low for providers of computing power and storage capacity pay day advance. The additional revenue generated almost as much profit.For ten years, computer manufacturers, software publishers and computer services companies dream of a paradigm shift.

56 billion market

With the development of the Internet and especially because of the economic crisis, companies have converted to cloud computing. "After years of germination, cloud computing takes off. Partly for macroeconomic reasons. The crisis led all organizations to scrutinize their spending. In this context, a solution which can offer more for less is difficult to ignore, "says Ben Pring, vice president of research firm Gartner. For now, most of the market is done by software. The turnover of the software on demand is estimated around $ 11.7 billion in 2010 by Forrester Research. Today, 60% of worldwide turnover is made in the United States.But the phenomenon should spread to other countries. By 2020, the worldwide market will reach $ 56 billion, says Forrester Research.

With about 3 million business customers worldwide including one million in Europe, Google makes between 500 million and $ 1 billion in sales in the cloud. Finally, Microsoft will invest 90% of its budget on R & D in the cloud this year, said Jean-Philippe Courtois, senior vice president of Microsoft. But its sales in the area is estimated at "several hundred million dollars a year," admits a group leader. Each offers its solution. IBM, HP, Dell, Microsoft and Oracle want to use huge "farms" of servers to store and rent computing power to their customers. To this end, HP and Dell have acquired companies in the storage and data virtualization, in order to compete with VMware, a subsidiary of EMC.The market also attracts telecom giants like Cisco, Ericsson and Huawei, and specific actors, such as Akamai, Rackspace Hosting or Salesforce.

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The Cac 40 1.9% retrograde and passes under the 3900 points

Posted by admin on June 2nd, 2011

The CAC 40 has widened its losses throughout the session. After starting the day on a drop of 0.86% to 3930.59 points, the benchmark index in Paris ended on a loss of 1.89% to 3889.87 points, now under the 3900 points, having already escaped to the 4000 points on Wednesday.

The movement was similar to other European markets. The Dax index featuring the Frankfurt Stock Exchange, which opened down 0.85% at 7155.86 points, finally loses 1.99% to 7074.12 points. The FTSE-100 index of London Stock Exchange, which started on a decline of 1.06% to 5965.02 points, its share for widening its losses to -1.36% at 5847.92 points.

The mood has changed beyond recognition from the beginning of the week. Greece seemed to approach Wednesday in an agreement with Europe and the IMF for further financial assistance, which could avoid insolvency.But the announcement a few hours later by a new Moody's downgrade of the Greek debt was added to the already heavy concerns facing Athens. Judging probable restructuring of the country's sovereign debt, Moody's downgraded three notches the rating of the country, pushing further into the speculative grade. For its part, Spain has managed to raise 3.953 billion euros of bonds 3 and 4 years on the market but, despite strong demand, the rates reflected on the rise.

In this context, risk-taking are not numerous. The activity is minimal anyway since France, Ascension Thursday is a holiday. It has traded about 2.5 billion euros on the CAC on Thursday.

Then the trend has deteriorated further as new economic indicators fell ill this afternoon in the United States.

– Across the Atlantic, the weekly jobless claims fell less than expected in the United States during the week to May 28, at 422 000 428 000 cons (revised) the previous week. And U.S. inventories of crude oil rose against all odds last week.

– However, the U.S. nonfarm productivity rose more than expected in the first quarter, while unit labor costs rose slightly more than expected, according to the second estimate published Thursday by the Labor Department.

Note that the currency market, the euro remains strong against the greenback at 1.4475 dollar.

No values ​​in the green on the Cac 40

As for values, no news.Note, however:

The banking sector

High risk debt Greek, French banks react poorly to the degradation of the country note by Moody's: Societe Generale (-0.80% to 40.20 euros), Credit Agricole (-0,1,66 to 10% , 35 euros), BNP Paribas (-2.58% to 52.41 euros) and Natixis fall (0.96% to 3.605 euros).

AXA (-2.59% to 14.66 euros) also declined.The day before the title had been the star of the Cac 40 gained 1.45%, boosted yesterday by the announcement of its new strategic plan and the sale of its Canadian subsidiary.

Alcatel Lucent: -3.92% to 3.84 euros, STMicroelectronics: -2.53% to 7.50 euros (two of the largest decreases of ACC)

Both values ​​are directly or indirectly penalized by the difficulties of Nokia and the risk of cancer linked to mobile phones raised by the World Health Organization.

EADS (-3.34% to 21.39 euros) suffers from a rise of the euro.

Total: -2.37% to 38.64 euros

The group is penalized by lower oil prices is the main contributor to the decline in the index.

EADS: -2.06% to 21.67 euros

The group is leaded by the strong rebound of the euro.

Lafarge: -2.77% to 45.80 euros, Saint-Gobain: -2.03% to 44.70 euros

Morgan Stanley cut its price target from 53 to 51 euros and reiterated its view weighting online and prefers HeideldbergCement and Saint-Gobain that Deutsche Bank, which remains on the purchase, the price target is 48 to 53 euros.

TF1: -0.88% to 12.43 euros

The group said Wednesday it had received offers "constructive" of several Internet service providers to distribute its pay-TV from 2012.

Trading in Gecimed remain suspended until the opening of the buyout offer followed by a withdrawal bond, its parent company Gecina (-1.10% to 98.90 euros). This opening will be later than June 8, after payment of dividend.

Wall Street closed higher by U.S. employment

Posted by admin on May 7th, 2011

In the light of an early meeting smashing, with the Dow Jones up more than 1%, the NYSE closed modestly in the green Friday. The Dow Jone gained 0.43% to 12,638.81 points. The Nasdaq index of technology stocks has taken its share 0.46%, to 2827.56 points.

The mood on Wall Street's opening, driven by the release of employment figures better than expected, has been tarnished by rumors from the euro area. Greece had indeed threatened to leave the eurozone, according to the German magazine Der Spiegel, citing sources close to the German government. A ifnormation quickly rejected by the major European capitals and in Greece itself.

U.S. stocks have opened sharply into the green on Friday, strongly supported by the publication at 14.30 good employment figures for the month of April.The Dow Jones advanced 1.10%, to 12,723.12 points and the Nasdaq by 1.09% to 2845.48 points.

Thursday for the third straight session, Wall Street had ended in retreat, investors are unpleasantly surprised by the rise in weekly jobless claims. The fall in commodity prices had also weighed on Wall Street and on most stock exchanges. Asian markets were down this morning.

Oil, for his part ended in the red, a barrel of light sweet crude for June delivery touching down to 97.18 dollars. In one week, falling 15%. This is the largest decline in weekly percentage terms since the week 19 December 2008 when prices fell by 26.8%.

The commodity index had plunged by 5% Friday, its heaviest correction since the 2008 financial crisis and one of the largest in its history.This violent decline in oil and metals weighs heavily on many sectors like oil and steel or producers.

On the foreign exchange market, the acceleration surprise hiring in the U.S. and the turmoil associated mainly in the euro zone have precipitated the rise of the dollar. After passing during the session under $ 1.45, a first for 10 days, the euro traded at 1.4341 shortly before 22.30, down 1.37%.

Kraft Foods profit down

Values ​​to follow

Kraft Foods 2.91% to 34.36 dollars

No. 2 worldwide agribusiness has announced a profit of 799 million dollars in the first quarter, down from $ 1.8 billion last year. The benefit was then boosted by asset sales. Turnover was up 11% to $ 12.6 billion. Organic growth was 4.5%.For 2011, the Group expects organic growth of 4%, against 5% previously announced, and a total growth between 11 and 13%.

Sara Lee: +0.99% to 19.47 dollars

In the same sector, Sara Lee announced a quarterly profit of $ 153 million, against a loss of 336 million last year due to exceptional items. Turnover was up 6.8% to $ 2.22 billion below the $ 2.23 billion expected. Gross margin was down to 33.2% against 37.6%. The group has raised its selling price by 3% on average and anticipates further increases over the next 6 months.

Visa: 0.58%, to 79.16 dollars

Visa has announced his side a 23% increase in profits in the first quarter to 881 million.Net banking income of 2.2 billion, up 15%, driven by higher payments to international and a positive currency effect of 2%. The main uncertainty for the group focuses on the reform sought by the Fed on the fees charged on payments. The new law could reduce the turnover of the group between 11% and 15% and earnings per share of 20%. In addition, the group announced a new share repurchase program of $ 1 billion.

AIG: 1.36%, to 31.21 dollars

The insurance group has achieved for its first quarter 2011 net income of 269 million dollars against 1.8 billion a year earlier.However, the insurer posted a loss of $ 0.35 per share against earnings per share of $ 2.66 last year following the redemption of shares held by the U.S. Treasury for $ 385 million and the additional cost of 427 million related to the redemption of preference shares.

CF Industries: 5.28% to 136.07 dollars

CF Industries announced for first quarter 2011 net income of $ 282 million after a deficit of 4.4 million last year.

Fluor Corporation: 7.27%, to 70.49 dollars

Fluor Corporation completed the first quarter 2011 net income of $ 140 million against 137 million last year.

Microchip Technology: 1.04%, to 40.96 dollars

Microchip Technology has reported for the fourth quarter of 2010/2011 with a consolidated turnover of 380 million up 37% year on year and net income from continuing operations of $ 131 million, up 72% over the year.

Priceline.com: -1.02% to 528.59 dollars

Priceline.com posted a net profit in the first quarter of $ 137 million, up 57% over one year, earnings per share $ 2.66 $ 2.44 against the dollar and 1.7 expected last year .The turnover amounted to 809 million, an increase of 38.5% over one year.

Public Storage: 0.61%, to 24.80 dollars

Public Storage has announced a net profit in the first quarter of $ 148 million against $ 35 million a year earlier.

Sunoco: 3.44%, to 41.44 dollars

Sunoco recorded a deficit of 101 million dollars in the first quarter against a deficit of 63 million last year. The board of directors also declared a quarterly dividend of $ 0.15 per share.


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