Archive for February, 2010

The Paris markets expected in uncertainty

Auto Date Wednesday, February 10th, 2010

After a meeting on Tuesday closed at equilibrium, that Wednesday should be quite uncertain. Last nation euro area that has not agreed to the backup plan for Greece, Germany could make his signature Thursday. The CAC 40 closed Tuesday up 0.15% to 3612 points.

On the macroeconomic front, INSEE releases industrial production for December and the Bank of France's balance of payments.

In Britain, the Bank of England will release its quarterly report on inflation, production indutriels the month of December is also planned.

Finally, the United States, the trade figures for December are expected on Wednesday afternoon, and the weekly inventory of crude oil and after-hours trade, the figures of budget execution in January.Governor Daniel Tarullo be heard before the Senate Banking Committee on systemic risks. After Hours, president of the Philadelphia Fed will discuss "Lessons from the global financial crisis."

Great day publications

Arcelor-Mittal recorded a net profit of 118 million dollars for 2009 and 1.07 billion for the fourth quarter.

PSA Peugeot Citroen announced Wednesday a net loss of 1.161 billion euros in 2009 against a net loss of 363 million a year ago, for a turnover down 10.9% to 48.417 billion euros.

Sanofi Aventis records an adjusted net profit of 7.8 billion euros in 2009 up 11%.

Medica announced that its IPO was a "success".The group says the offer has attracted 7500 orders with just under half of employees in Medica, the French and international institutional, meanwhile, have subscribed for about three times the size of the offer.

Kl?pierre published Tuesday a net asset value of 28.70 euros per share end of 2009, down 14.1% compared to end 2008 and a net current cash flow per share declined by 3.1% to 2 07 euro saving account pay day loan . The land is expected to grow "very modest" revenues in 2010 if the ongoing stabilization of sales traders galleries is confirmed, told Reuters the president of its Executive Board, Lawrence Moral.

Havas posted Tuesday a turnover decrease of 4.4% on an organic basis in Q4 2009 to 1.441 million euros.Unrealized net budgets amounted to 1,270 million euros in 2009.

Ubisoft said Tuesday night "expects to return to profitable growth and a cash from operating activities positive" for the year 2010-11 after publishing an annual turnover of the 3rd quarter in 2009-10 down 2% at constant exchange rates. The group confirmed its targets for the current year.

Vinci said Tuesday the acquistion of 89 contracts for parking company Interpark the United States through its U.S. subsidiary LAZ Parking.

Vilmorin has published a turnover up 2.7% in the first half of 2009-2010 and has announced a joint venture in wheat seed in Argentina.

Theolia published a turnover increased almost five in 2009 due to the resumption of sales of wind farms by the group.

According to Le Monde, Renault would think to build a plant near Algiers, which produce 50,000 vehicles annually for the local market.

The reinsurer Scor has registered an increase of 7% of written premiums on contracts renewed at 1 January 2010 non-life reinsurance. The total written premiums reached 1.787 billion euros, up 7% at constant exchange rates. In 2010, SCOR also anticipates an increase of 7% of total non-life business at about 3.5 billion euros.

Nexans, EDF Energies Nouvelles publish their annual results this Wednesday, and Air France KLM's quarterly results.

Toyota: Japan plunged into disarray

Auto Date Tuesday, February 9th, 2010

The Empire of the Rising Sun is the heart affected by the decline of Toyota. According to press Japan's giant Nagoya announce within days a recall of the Prius. The recall could affect 170 000 vehicles in the archipelago. "We will soon announce measures that we plan to take, simply said the spokesman for Toyota.

The flagship brand, the Prius, which has been the best-selling model in Japan last year, now offers the image of an endangered stock. The Government confirmed it had identified five traffic accidents involving hybrid car. Each time, drivers have complained about malfunctioning brakes.

This announcement is another blow to the image of the Japanese manufacturer, already tarnished by the recall of 8.1 million vehicles in the United States for an accelerator problem.

An affair of state

In Japan, Toyota's troubles take the turn to an affair of state, because the weight of the manufacturer in the country.

Toyota is the latest symbol of Japan's industrial greatness.While Japanese electronics groups were caught between the more sophisticated players like Apple and cheaper competitors such as Samsung, the automaker had left him without a scratch of the two "lost decades" that comes from living in Japan since the bursting of the bubble in 1989.

After weeks of silence, the Group Managing Director Akio Toyoda held Friday disaster a "conference of apology, if awkward and cold as it had the exact opposite effect to that intended.

Instead of supporting the brand, the government has had harsh words: "It is for users to judge whether this issue is important or not, said the powerful Minister of Transport Seiji Maehara free credit report online .I think Toyota's response to the crisis is not the pride of the user. "

"It's a problem for the entire Japanese automotive industry and to trust Japanese products", added the Foreign Minister, Katsuya Okada.

The Japanese press, long on the subject, now waiting for the manufacturer at the turn. "Toyota is Japan, and disappointments can lead to devalue the brand image of Japan as a whole, according to the daily Nikkei, the bible of business. "The lack of appropriate response to the current fiasco could undermine international confidence in the industrial technology of Japan," said the Yomiuri, the country's first printing.

The automobile accounts for 17% of employment in Japan, where Toyota has half the market.More than assembler manufacturer, the group is the center of a vast industrial and commercial painting, which connects to its retailers, suppliers, steel, etc..

If sales of these do not suffer again, the weather covers the Tokyo Stock Exchange for all securities related directly or indirectly to Toyota. "Denso, the OEM Toyota's flagship, saw its course down when he bears no responsibility for its technical damage, is the stock analyst Jeremiah Capron, of CLSA. Even manufacturers of industrial painting as Kansai Paint, whose main market is the automobile, suffer. "

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The Paris markets expected again in the red

Auto Date Saturday, February 6th, 2010

The opening session on Friday promises to be as complicated as the closing of Thursday's was not. The future of the CAC 40 index is down sharply from 1.02%.

Investors anxiously await the employment figures in the United States, which will be published in early afternoon. Other important economic indicators are expected in Europe: Industrial output for the month of December and for 2009, Germany, and producer prices in January, Great Britain.

In France, a point will be made on monthly budgetary situation of France for the month of December.By midday, INSEE publish the prices of oil and materials imported for the month of January.

Finally, the finance ministers and central bankers of the G7 meet in Iqaluit, Canada.

Values follow

LVMH said that addressing the Year 2010 "with confidence", saw its sales fall by 4% on a comparable basis in 2009 to 17.053 million euros, with a return to organic growth (1%) on the single fourth quarter.

Nexity anticipates a decline in its turnover to around 2.5 billion euros in 2010, having recorded an unexpected increase of 6% to 2.838 billion in 2009.

EDF has announced the formation of a tighter management, including the arrival of Thomas Piquemal, who leaves his post as CFO of Veolia Environnement to occupy the same positions in the electrician.

Bureau Veritas would use its "strong cash flow generation" to make acquisitions in the first half of 2010 and it plans a gradual return to organic growth in the second half. The world number two of the certification issued a turnover in 2009 rose 1.9% to 2647.8 million euros.

Teleperformance has posted a turnover up 3.5% in 2009, but said that its sales had declined sharply in the fourth quarter, mainly due to a deterioration of its business in Europe.

Three companies announce their sales for 2009 on Friday, Hermes International, Eiffage and Bongrain.

FT: St?phane Richard sets his goals

Auto Date Friday, February 5th, 2010

In an interview with the Wall Street Journal dated Thursday, February 4, St?phane Richard, Chief future and will succeed Didier Lombard on March 1 flying operational France Telecom, will reveal its objectives. For him, his immediate priority will be to try to rebuild staff morale, while the company released a year of very complicated socially. It also indicates that he intends to keep the number of permanent jobs in France this year.

On future directions for development of the company, he says want to invest in mobile networks and high speed on the French market to improve the quality of both activities to paste the recent explosion of data traffic.He says "I'm not obsessed with doing things differently, I want continuity," adding "I see tremendous growth potential in the heart of our business" bad credit payday advance .

In the European market St?phane Richard says see more opportunities for the group to consolidate its presence, primarily through joint ventures, rather than to make large acquisitions on the world "we focus on the areas we know already.The company will continue to seek acquisition opportunities in Africa, the Middle East and Central Asia, where the company is already working.

About the pay television was supposed to bring new customers with chains such as Orange Sport, the future boss of France Telecom said it has not yet provided the abandonment of this strategy, but the revaluation.

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Wall Street closed in a disorganized

Auto Date Thursday, February 4th, 2010

After hesitating in early trading, Wall Street has finally chosen the red on Wednesday. The U.S. stock markets took a breather after two good sessions of rising early in the week.

Investors seemed to want to permanently turn the page of a January that saw the stock market lost 3.5% in a month. But on Wednesday, the question is back. After attempting a comeback in the green to 16 hours (0.05%), the Dow finally closed down 0.26% at 10,270 points. In turn, the S & P 500 down 0.55% at 1097 points. Only the Nasdaq managed to painstakingly close in the green, up 0.04% at 2191 points.

The profit taking and caution that accompanies it have been before the release Friday of the long-awaited report by the U.S. administration on the job in January.For the first time in years, the market expects to see new posts.

Until Friday …

On Wednesday, an hour before the opening, a positive signal was sent in this direction of investigation ADP (Automatic Data Processing). The latter has released its report on employment overseas for the month of January: while economists were expecting the destruction of 30,000 jobs, the survey listing the elimination of 22,000 positions (against 84,000 for the month of December ).

After the ADP survey, investors were awaiting the ISM index on the services sector. It appears to 50.5 in January after he settled at 49.8 in December.This is slightly below the consensus was counting on 51 points but it's still the highest index level since May 2008.

Side currencies, the dollar regained ground against the euro after the European Commission approved the new austerity plan Greek. The single European currency lost at closing of Wall Street 0.54% to 1.3897 dollar.

Oil prices have retreated slightly on Wednesday in New York. The barrel of light sweet crude for March delivery ended at 76.98 dollars, down 25 cents from the close of Tuesday. The U.S. Agency for Energy Information (EIA) announced Wednesday that gasoline inventories last week fell by 1.3 million barrels and stocks of distillates also fell 1 million barrels . In contrast, crude oil inventories jumped 2.3 million barrels.statistics called "neutral" by analysts at Morgan Stanley.

Pfizer and Toyota have saddled the atmosphere

The way Toyota has plummeted Wednesday, bringing with him all U.S. indices instant payday loan . The share lost 5.12% to 74.19 dollars. The group still suffers many problems of its defective pedals. The stock has fallen heavily after the Minister of Transport America, Ray LaHood, said Wednesday he wanted to talk directly to Akio Toyoda, the chairman of the Japanese manufacturer Toyota, to express concerns of his government. The Minister also asked the Toyota owners to stop driving their vehicle in case of doubt."If you've noticed problems with your gas pedal, the more contact your dealer as soon as possible," he added.

Pfizer reported a 34% increase in sales to 16.54 billion dollars, half a billion dollars more than the consensus in the fourth quarter. However, net income disappoints. The latter has tripled to 767 million, or 10 cents per share, or 49 cents excluding items against a consensus of 50 cents. In exchange, the title derives indices down: -2.26% to 18.63 dollars.

Time Warner (-1.61% to 28.05 dollars) achieved results above expectations in the fourth quarter thanks to strong performance from its film division and cable channels. The media group has made a net profit of 627 million, or 53 cents per share, compared with a loss of 16 billion dollars, 13.41 dollars, a year earlier.

Comcast (-1.47% to 16.05 dollars) has released results above expectations in the fourth quarter thanks to the development of its Internet operations. Net income for the cable operator amounted to 955 million, or 33 cents per share, compared with $ 412 million, or 14 cents per share, a year earlier.

News Corp. unveiled Tuesday a net profit of 254 million, or 10 cents per share, compared with a net loss of $ 6.4 billion, or $ 2.45 per share, a year earlier. The news is very welcome Stock Exchange: title rises from 7.65% to 13.66 dollars.

Bank of America (+0.26% to 15.64 dollars) would have endorsed the granting of over $ 4 billion to pay its bankers and traders under the year 2009, according to sources in the Wall Street Journal. They receive on average between 300 and 500 000 dollars bonus.These fees represent 19% of 23 billion dollars of revenue that the U.S. bank has reached its activities in investment banking and trading, the newspaper said.

France Telecom: Richard at the helm on March 1

Auto Date Monday, February 1st, 2010

Change of power within France Telecom. St?phane Richard, the current number two of France Telecom takes control group from 1 March. On Monday, Didier Lombard, CEO of the group warned all employees of France Telecom that it will propose to the Board of Directors February 24 dissociation functions. He retained the presidency of the Group until June 2011, his term ends.

St?phane Richard became the Director General with complete authority over the operations of France Telecom business cards design . In an interview with Le Figaro to be published Tuesday, Didier Lombard said the change of governance by the need to entrust the reins of the group manager who will implement the new business plan of the group over the next four years.

To turn the page on the social crisis that has shaken the group in the fall, he needed a new leader for a fresh start.