Obama vows to "work with Congress so that the program is fully funded, it has been noted. To finance the measure, the Obama administration plans to remove tax breaks for industries of oil and gas, as the authoritative source.

The President should also unveil on Wednesday a tax credit extension research and development, sources said. The cost of the measure would be 100 billion dollars over ten years.At a time when European countries are increasing the austerity measures, the U.S. government is preparing to take the cons-foot, two months before parliamentary elections in mid-term no faxing payday loan.

Tax Exemptions Expected

The tenant of the White House is also considering a series of temporary tax exemptions for businesses. The cost of such a device could however be high and difficult to adopt. An extension of tax cuts to middle class only adopted under George Bush, and incentives for loans to local banks were also discussed.

Members of the Obama administration, however, insist on the fact that these measures do not constitute a second stimulus package, at a time when all eyes are fixed on the level of public deficits and where one wonders about the effectiveness of the first stimulus plan of 787 billion dollars spent in February 2009.

Vivendi raised its forecast

The set of interim results continued. Meanwhile Wendel and Altran particular, Vivendi raised its forecast for this year, after posting a 6.1% increase in sales to 13.9 billion euros and 6.6% of net income to a 26 billion euros.

Wendela investment company registered in the first half net profit of 124.5 million euros against a loss of 959 million for the same period of 2009.

Tuesday after-hours trade, Bouygues has issued a revenue down 1% in the first half and slightly raised its full-year sales (30.4 billion euros against 30.1 billion euros previously planned) .

Vinci reported interim results exceeded expectations. Its net profit was up 1.9% to 703 million euros and sales rose 2.3% to 15.5 billion euros, thanks to improved traffic conditions and benefits the acquisition of Cegelec.

Finally, Eiffage confirmed its forecast of sales for 2010 thanks to the growth of its backlog and achieved a 40% jump in net profit group share semi-annual 70 million euros payday advances .The operating profit has however declined by 2.6% to 412 million, within the scope of the downturn in work due to a climate of increased competition.

The investors also will keep an eye on Sanofi-Aventis. In the showdown, which contrasted with Genzyme, the CEO of biotech company judge, in an interview with Reuters, the high probability of finding an agreement on an offer from Sanofi on American group. However, he reiterated that Genzyme will not accept the proposed price of 69 dollars per share.According to sources close to the U.S. group will not negotiate at least $ 75.

PMI manufacturing program

On the macroeconomic front, the meeting will be especially marked by the publication of the manufacturing PMI in France (8.45am), Europe (11:00) and USA (16 hours), and the ADP survey which will give a first overview the situation on the labor market in the U.S. before the official data on Friday.

Other important indicators: the numbers of the car market in August in France (12:00). In July, new car registrations fell by 12.9% compared to last year, and 15.4% for the only French brands.

This approximation Express is surprising. It is the newest upscale women's magazines, Be was launched with great fanfare and publicity to great fanfare last March 19 by Lagardère Active. Positioned as a "new global media brand" (based on a website, TV and radio), Be was unable to stabilize its sales.After a promising start when the title flirts with 230,000 copies sold (OJD, dissemination France paid) Be seen its circulation fall to 171,397 copies in late June Disappointing sales, however, have nothing catastrophic, especially as Lagardère Active has entrusted to bet on a "target distribution of 160,000 copies.

The day before the first anniversary of Grazia

For its part, Envy wipes the same side. Its circulation is over 240,000 copies in February, when launched, but quickly runs out of steam until barely exceed 160,000 copies (OJD) in June … For the group Marie Claire, this result is particularly disappointing . The group had much hesitation and refine its launch for many months before jumping into the water.To minimize risks, the group had even appealed last year to Jean-Paul Lubot, the designer of Closer magazine, the origin of this new segment of the fashion magazine combining fashion and celebrity news.

Today, the merger has any marriage of convenience between two groups who know each other well. Lagardère owns 42% stake in Marie Claire, a group whose participation chaired Arnaud Lagardere wants precisely to separate. Competitors as vendors release, Lagardere Active and Marie Claire have, it seems, have even more incentive to join together to confront the supremacy, particularly in terms of advertising revenue, the third competitor in this sector, weekly Grazia published by Mondadori France sells 179,704 copies (OJD). Irony of the calendar, Lagardere Active and Marie Claire agreed to before the first anniversary of Grazia.

The trend is especially notable is that despite an unfavorable demographic developments: the employment rate falls to 60 years, yet the 'sixties youth "are more numerous since 2005 as' s acts of war on people born after full-baby boom. By neutralizing this "structure effect", the employment rate of older workers has also increased by almost 5 percentage points since 2003.

However, unemployment was 50 years and older flies.Between March 2009 and March 2010, it jumped by 21.2%, after rising 16.7% the previous twelve months, said the panel of Dares. In fact, the number of seniors looking for employment and the number of seniors who work progressing both. In the first case, for cyclical reasons that should improve. The crisis, plus the gradual end to the exemption from seeking employment, given until 2008 to unemployed persons over 57 years and half is in effect passed by.

Effective retirement age for retirement of 61 years and a half

And in the second case, for deeper reasons. Women are more likely to work. The reforms of 1993 and 2003 from 37 ½ to 40 years the contribution period for a full pension in the private and the public.The effects of the device "long career" – awarded in 2003 to those who have started working very young, fade, because the generations born since 1953 have been affected by compulsory schooling to 16 years.

According to the National Insurance Old-Age, 30 218 nationals of the general system and have retired before age 60 in 2009, against 100,000 to 126,000 per year in previous years. Ultimately, the effective retirement age from 61 years to 61 ½ years for pensioners to live right (that is to say outside widowers). A second consecutive year of breaking up a downward trend in virtually stopped since the early 1970s when the average neared 64.

France remains still lags behind its neighbors: the employment rate of older workers of 27 countries of the European Union is 46%.The majority sees this as an argument for the legal age of retirement, arguing that it is possible to retire at age 60 which explains the low employment rate of 60-64 years. Opponents of the reform them, believe that we must first improve the employment of older before trying to make them work longer.

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The Fed Beige Book released Wednesday evening has reported a recovery in global economy. But two of the twelve regional branches of the Fed said the pace of activity has slowed recently, Chicago and Atlanta, and two others have found a stable economic situation in Cleveland and Kansas City.

On the foreign exchange market, the euro rebounded to 1.3095% from 0.79 dollars, its highest since two months.

Side indicators on Thursday, markets will expect enrollment figures weekly unemployment in the U.S. earlier this afternoon. The primary appointment of the week is expected Friday with the first estimate of gross domestic product (GDP) which will attract the attention of investors.

Symantec picks

On the side of values, Visa (-1.9% to U.S. $ 73.75) yesterday issued a profit after the close of U.S. $ 716 million, or 96 cents per share, against 93 cents expected by analysts. The group's turnover is up 23% to $ 2 billion against $ 1.97 billion expected by analysts.

The publisher of Symantec Antivirus (-9.6% at 13.26 dollars) has announced an increase in its profit to 161 million dollars against 74 million last year. But the disappointment comes from the software storage management data that represent 36% of sales.The activity is down 5%.For the current quarter, the group revised downward its revenue were planning.

U.S. oil giant ExxonMobil (1.44% to 61.79 dollars) on Thursday posted a net profit nearly doubled on a year in the second quarter to 7.560 billion dollars, thanks to improved refining margins and higher oil prices.

Net income group share stood at 7.560 billion dollars against 3.950 billion a year earlier (+91%).

For its part, the group sales online Amazon U.S. (1.31% to 119.67 dollars) has launched two new models of its Kindle reading shelf.

Always on the side of values, the car rental company Avis (3.52% to 11.47 dollars) amounted Wednesday its bid for rival Dollar Thrifty, with 13.4% more than Hertz, 1.33 billion in cash and stock, hoping to cut short the agreement between Hertz and Dollar in April.

Also note, Chris Viehbacher boss Sanofi Aventis (1.76% to 29.99 dollars) has confirmed that group continued to explore possible "small or medium-sized" acquisitions. He declined to comment on rumors about the interests of U.S. biotech group Genzyme. Earlier in the morning, sources cited by Reuters said that the laboratory intends to make a formal offer on Genzyme after the failure of his informal approach on U.S. biotech specializing in the treatment of orphan diseases.

According to Bloomberg, the board of Sanofi has authorized management to offer up to $ 70 per share, an offer that values Genzyme $ 18.7 billion.

On Wednesday, the NYSE has dropped cooled by the president's speech to the U.S. central bank, Ben Bernanke. The latter, who was speaking before a parliamentary committee, believes that the economic recovery continues at a pace "slow".

On the foreign exchange market, the euro regained some ground against the dollar after the publication of an index showing that the growth of private activity in the euro area has increased in July.In the morning, the European currency climbed back above $ 1.28, against 1.2757 dollars the previous day.

New series of results

From the values listed, investors will react to a new salvo of published results Wednesday after the close of Wall Street, and Thursday before the market opening.

The manufacturer of components for Qualcomm phones and released after the close of U.S. markets, a profit of $ 767 million for the third quarter of fiscal offset, up 4% over a year and much better than expected. Thanks to "strong demand for 3G technologies," the group also raised its forecast for the year. The title earns 7.41% to 38.85 dollars.

For his part, Starbucks has unveiled a profit of 207.9 million, in line with analysts' expectations.Turnover was up 8.7% to 2.61 billion dollars against 2.56 billion dollars as abandoned attendu.Le 1.35% to 24.92 dollars.

Always on the side of values, the internet auction group eBay has posted a net profit up 26% to 412 million, just above expectations, and revised down slightly its forecast for the whole of year, under the impact of the strengthening dollar. The title gained 4.31% to 21.04 dollars.

The world's largest construction equipment Caterpillar (0.44% 67.18 EUR) posted quarterly profit of $ 1.09 per share, against 85 cents expected by the market. It was in the aftermath raised its forecast for 2010.

The telecoms operator AT & T on Thursday posted a profit than expected and this best expressed more optimism about the prospects of annual growth. The title hesitates between red and green.

The industrial conglomerate 3M on Thursday reported a 43.2% jump in net profit in the second quarter, above expectations because of strong demand from emerging markets. The title gained 3.11% to 84.84 dollars.

UPS (6.55% to 63.94 dollars) still raised its forecast after the publication of a good second quarter. And thanks to the international.

Operating profit jumped to 175 million dollars against 76 million a year earlier. Without taking into account a restructuring charge of $ 10 million, the increase is 32% low fee pay day loans."We are pleased to have continued to generate strong operating earnings and a sharp increase in margins," said the CEO, Carol Bartz, in a statement.

Side perspective, the band announced for the third quarter revenue target of between 1.57 and 1.65 billion dollars. Yahoo also relies on an operating profit of between 160 and 200 million dollars.

The news did not seem to have pleased the markets: in trade after the close on Wall Street, shares drop 4.67% to 14.49 dollars.

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The boss of the RATP is excited about the upturn looming gently. In the first five months of the year, the group has recorded 30 million more trips compared to 2009."We feel a tremor on commuting," said Pierre Mongin, which emphasizes a return to positive growth for the RER, barometers of activity (+0.7% -4% against a year ago).

Take a major international

Another ambitious project: the development of Greater Paris. Connect the belt of small suburbs of Paris will require a massive investment of between 20 and 25 billion euros, mainly from local authorities. According to Peter Mangin, the project must be completed in order to "avoid economic decline" in Europe and "be able to create an endogenous growth".

Beyond France and Europe, these investments have the ambition to "bring the RATP in the top 5 worldwide transport companies," said the chief executive of the company.To do this, other acquisitions, following those of certain assets Transdev and Veolia, are possible.

RATP is a turnover of 6.2 billion euros in 2015 against 4.2 billion in 2009. Nearly 25% of these revenues should be generated by subsidiaries outside the Ile-de-France. "The strategic differentiation from our competitors lies in our engineering capabilities. This knowledge gives us advantages comparable to those of EDF Energy, "warns Pierre Mongin.

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The controversy swells daily. After the Europeans, it is now the boss of General Electric to accuse China of putting a spoke in the wheels of foreign companies. "I'm really worried, I am not sure that ultimately they want that we will succeed," he complained to an audience of businessmen from Italy, reported the Financial Times on Friday.

Last Tuesday was a report of the European Chamber of Commerce in Beijing, which accused China to increase the discriminatory measures. He denounced a "discretionary application of laws and regulations, the registration process unnecessarily complicated and" inconsistencies in the application of national criteria.

In Beijing, many business leaders say the word to cover: it is increasingly difficult to work in China."They understand that they can leave if they are not happy," says a corporate lawyer. Since April, the party newspaper, the China Daily, had sniffed the wind of revolt and was almost threatening."When foreign companies encounter difficulties in their projects (…) if they do nothing but complain that the foreign media and amplify the case without analyzing the merits and slandering the Chinese economy, they will end up delaying the process of improving the investment environment, "he wrote.

Funny way to appease the spirits when President Hu Jintao says it wants to "take concrete steps to reject any form of protectionism and unequivocal support free trade."

The World Trade Organization said in its latest report "Interest in China and its foreign suppliers of more rapid liberalization of China's service industries.But Beijing, which, in a gesture of goodwill, will leave July 15 rebates for export taxes on certain sensitive products, prefer to believe that foreigners "grunt" on account of wages.

Rising labor costs

Demonstration of support to employees of Foxconn, Hong Kong in June Photo credits: AFP

The markets were disappointed by the number of entries in the weekly unemployment rose in the United States during the week to June 12, at 472 000 460 000 cons last week, according to the Labor Department. Economists on average had 450 000 registered unemployed. The entries of the week to June 5 were also revised up from an initial estimate of 456,000.

In addition, consumer prices have suffered their worst fall in May last year and a half under the blow of sharp decline in energy costs. The index of consumer prices adjusted for seasonal variations show a decline of 0.2%, the biggest drop since December 2008.Economists and analysts were predicting a similar decline after a decline of 0.1% in April.

Still on macroeconomic statistics, the current account deficit widened in the first quarter to 109 billion dollars, or 3% of GDP, compared to fourth quarter 2009. This is his third consecutive quarterly increase since the low of $ 84.4 billion in the second quarter of 2009, when the international commercial exchange had significantly contracted due to recession.

In addition, two indicators sow confusion in the minds. The condition index of industrial activity in the Philadelphia Federal Reserve came out much lower than expected in June and called for a fragile economic recovery in the United States. The index came in at 8 in June as against 20.9 expected and 21.4 in MayThe employment component falling in the negative, at -1.5 against 3.2 in May, the lowest since November 2009.

For its part, the U.S. index of leading indicators registered a record high in May, according to the Conference Board, suggesting that the recovery of the U.S. economy will continue. The index rose 0.4% to 109.9, after having stagnated in April instant payday loan. Economists projected an increase of 0.5%.The index should continue to increase but more modestly in the coming months due to an unemployment rate still important.

Pending Brussels

The market is also attentive to the summit of European leaders in Brussels today in which they intend to tighten fiscal discipline and laying the groundwork for an economic government to reassure the markets remain concerned about the euro area and in particular the situation Spain.After Greece, Ireland and Portugal, the markets are worried because of the financial health of the country and its capacity for economic recovery after an austerity plan, despite the undertaking of structural reforms on the market work in the banking sector.

On the foreign exchange market, the euro gave ground in the morning against the greenback, passing under $ 1.23, reflecting a renewed concern.

AOL supervised

On the side of values, according to several American media, the internet group AOL (-0.22% to 22.23 dollars) is about to give the social network Bebo to an investment fund, Criterion Capital Partners, a small fraction of the price he had paid to take it two years ago.

Always on the side of values, FedEx (+0.20% to 78.23 dollars) Wednesday reported a quarterly profit slightly above expectations.

Also note Apple (1.31% to 270.75 U.S. dollars) which said it had registered more than 600,000 bookings for the new version of the iPhone during the first day of marketing.

JM Smucker (6.29% to 61.38 dollars), a group specializing in food, has reported a turnover of 1.07 billion dollars for its fourth fiscal quarter and a Earnings per share (EPS) of $ 1.07 before exceptional items.

Pier 1 Imports (5.24% to 8.44 dollars) a manufacturer of furniture, for its part, reported an unexpected profit adjusted under its first fiscal quarter in favor of improving its sales business on a comparable basis and its margins.