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Anxiously awaited the U.S. employment figures for August were better than expected, according to the Department of Labor. If the U.S. economy as a whole has destroyed 54,000 jobs, the private sector alone has created 67,000 jobs. Economists had expected only about 41,000 new posts.

The private employment nevertheless displayed a marked decrease from the previous month, the companies have created 107,000 jobs in July, according to figures revised up sharply.

The Paris Bourse jumped in the wake of the publication of U.S. statistics, the CAC 40 gaining 1.43%, to 3683.54 points."If these figures are burying a little more second recession scenarios, they confirm the thesis of a slow recovery," nuance in a note economists Societe Generale CIB.

Only the number of private sector jobs is important, because the public continues to destroy temporary jobs created earlier this year for the population census and does not reflect the U.S. economy.

Job losses in the industry

"These figures are fairly good news," said Thomas Julian, an economist at Natixis. "The job creation in the services sector (67 000) has indeed succeeded in erasing the destruction of jobs in industry (27,000) and construction rebounded (19 000)."

The unemployment rate, calculated differently, increased only 0.1 percentage points to 9.6%."The current pace of job creation, lower than 100,000, not enough to lower the unemployment rate, economists emphasize Societe Generale CIB. On the other hand, the long-term unemployment has reached 42% in late August. A sign that worries the Fed, the U.S. central bank.

"The slowdown in job creation (especially in industry) seems to reflect the current slowdown in growth caused by the gradual disappearance of the stimulus," said Thomas Julian.

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"Alert on the American note

The U.S. growth revised sharply downwards

Please remember that a payday loan is a rather expensive line of credit. Much like taking something to the pawn shop.

beginning of August euphoric on European exchanges. In Paris the CAC 40 rose 2.99% to 3752.03 points, or beyond the threshold of 3750 points. In London (2.65%), Frankfurt (2.34%) and Madrid (3.2%), the indices show the same optimism. The euro, it is the highest since three months.

Throughout the meeting in Paris, the CAC 40 was worn by banking stocks, while BNP Paribas reported Monday morning a good interim results.Worldwide, banks have been well supported by investors more confidence in the sector, particularly in Europe, and after already good grades stress tests.

The oil sector also outperformed on Monday, while oil was up 2.84% to 17.30 to 81.2 dollars per barrel.

But the boost has been given 16 hours, when the ISM manufacturing activity in the United States has continued to slow in July, the ISM index measuring it has fallen to 55.5, but less expected, according to figures released Monday by the association.A pleasant surprise on the side of the building has boosted the morale of the operators as well.

In Europe, growth in manufacturing output and new orders accelerated, reaching their highest level in three months, according to the latest PMI survey released Monday and conducted by Markit Economics Institute. The PMI index for manufacturing final Eurozone appears already to 56.7 in July against 55.6 in June

Last month, the CAC 40 had already recovered, compared to a decline in June and a memorable month of May in terms of poor performance. Between 1 July and this July 30, the index rose 9.1%. Since the beginning of the year, it remains a decline of 7.45%.Compared to a year ago, it was up 6.3%.

On the values front, we retain:

BNP Paribas (5.27% to 21.5 euros) unveiled on Monday its quarterly results before the market in good order. They are far beyond expectations, thanks to lower provisions. The title gained 4.19% to 54.92 euros. The title brings in its wake Societe Generale (4.67%). For its part, Credit Agricole gained 3.71% to 10.9 euros.

As for the high rise, there are also values related to oil and commodities in general, more expensive that.Technip has been 5.15%, Maurel et Prom, 5.01%, and Arcelor Mittal, the largest increase in the CAC 40 rose 5.81% to 24.75 euros.

Air Liquide (3.43% to 89.433 euros) on Monday confirmed its objective of increasing its net profit in 2010 after an acceleration of growth in sales between the first and second quarter, thanks notably to markets emerging.

France Telecom (2.24% to 16.43 euros) has initiated discussions with shareholders Meditel second operator in Morocco, to acquire 40% stake in it, according to the Moroccan weekly News, suggesting a possible investment of 650 million euros. Title varies slightly to 16.05 euros.

On the other hand, in the red, Areva (-4.04% to 350.05 euros) is at the bottom of the ACC 40.The group released Friday, as expected, half results penalized by an additional provision under the Finnish EPR OL3, but it confirmed its targets for 2010.

Vinci and Eiffage shaped

Eurazeo announced Saturday that entered into exclusive negotiations with the U.S. fund Carlyle for the sale of the hotel chain B & B.Eurazeo gained 4.14% to 50.91 euros.

The construction group Vinci (3.73% to 38.53 euros) was selected Friday by the Government for the concession and the construction of the airport at Notre-Dame-des-Landes, who should take over from 2017 the air service from Nantes-Atlantique.

Eiffage (3.47% to 40.06 euros) published a quarterly revenue up 2.2% and said its order book stood at EUR 10.8 billion at July 1 ( +4.4% at constant since 1 April 2010), more than 11 months of activity.

APRR. The socialist leader Arnaud Montebourg said Friday it has seized the financial markets authority (AMF) to try and block the delisting of Autoroutes Paris Rhin Rhone (APRR) requested by Eiffarie, a joint venture of the Australian Eiffage Macquarie Group

The stock performance does not lie. Since the beginning of the year, the Euronext Building & Construction fell 18%. Values that balance the index are battered stock market. Wednesday again, the index meant the worst performing sector in Europe. The Irish manufacturer CRH, which warned on its sales in 2010, lost nearly 9% while the French Lafarge realized the worst performance of the ACC. It also loses 28.95% since January 1. Over the same period, Saint Gobain coward 17.15%, while 11.24% abandons Vinci.

The Irish group has yet taken a cold snap in stating that its sales in 2010 would be affected more severely than expected by the consequences of fiscal consolidation in the euro area and slowing the pace of recovery in USA.

The news did not surprise analysts."The fiscal crisis has not improved the situation of the sector because governments are pushing the major works to reduce the growing deficit," said Harry Sebag, an analyst at Saxo Bank. The financial crisis has also hit the industry particularly since the latter is highly dependent on the banks with which it finances a large majority of buildings.

The figures for real estate in the U.S. are also very revealing. In June, there were only 300,000 new home sales on a new year while the consensus was expecting about 424,000 sales.

Outlook not reassuring

For the future, the industry should be very cautious. "We are in a context of sluggish growth and unemployment prevails with a high public and private debt.Certainly the infrastructure programs of national recovery plans may lead us to believe a recovery in the sector, however, this growth drivers must be qualified with the recently introduced austerity policies, "said Harry Sebag. For example, France had planned to inject four billion euros in the construction sector in 2009. But only 2.5 billion have been invested and a slowdown in public works is possible for the remaining 1.5 billion.

"Businesses have already significantly impacted margins and cut prices to gain market share over the weaker euro and higher commodity prices, driven by demand from emerging economies, clouding the outlook for the sector , "says the analyst.

There is no question of a collapse."The activity is still declining, but remained stable for the rest of the year is possible if the growth recovery by 2011," warns Harry Sebag.

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Air France wants to travel light. The company expects 4390 departures without layoffs by March 2013, a reduction of 16% of its workforce compared to March 2008, after which relies on a document from the Central Committee of the company business.

No social plan, but hiring jellies, retirement and not replaced quits 1765 people. In total, the company should have 2,436 employees under the 2010-2011 fiscal year (which ends in late March 2011), 834 the following year, and 1121 in 2012-2013.

Between the beginning of the crisis in 2008 and 2013, it will be 9312 jobs will be eliminated, according to La Tribune. Hardest hit will be the ground staff including 3,200 voluntary redundancies. While drivers should be redundant by 2013, ground staff and cabin should be reflected in slight under-staffed in three years.

Mobile Internet, the driving of the media industry and recreation? In any case think that PricewaterhouseCoopers, which estimated that more than one French person in four will be equipped for the mobile Internet in 2014, 18 million people. In its annual "Global Entertainment and Media Outlook 2010-2014", the audit firm notes that the phenomenon of "mobile consumer" includes high speed.

In fact, the French were somewhat neglected voice calls in 2009, the benefit of SMS and especially multimedia applications, according to a recent study by the firm IDATE to the French Association of Mobile Operators (SWOT). The mobile internet service becomes widely used for the 7.3 million owners of smartphones. Result: the average expenditure for voice slid nearly 6.3% in 2009, while spending on data services and mobile Internet have increased by 8%.

Access PC slowing

So much so that the U.S. bank Morgan Stanley in her study "Internet trends," predicts that the use of mobile Internet will be greater than that of fixed Internet within five years. The world had 1.8 billion Internet users in 2009, up 13% year on year, says Morgan Stanley.

The growing role of digital technology in society has contributed to the recovery, although "fragile", the media industry and recreation, says PricewaterhouseCoopers. In his study, the firm believes that the activity of this sector worldwide is expected to grow 5% per year between 2010 and 2014, after declining 3% in 2009 to reach 1.69 trillion dollars. In parallel, the Internet will show an average annual growth of 9% over this period.

A real opportunity for the media industry and recreation.The trend is toward "consumer web", says PricewaterhouseCoopers. Internet users consume more media and online entertainment, sharing and enriching the content instantly on social networks like Twitter and Facebook, or hosting sites (YouTube, Dailymotion).

The "socialization" of media

"Then they ate up individually, the opportunity to comment and share content regardless of where one is transforming the media consumption in a collective experience," said Mathieu Aubusson, associate specialist in media industry and leisure for PricewaterhouseCoopers.

The rise of digital media, however, is not without its challenges. "The digital migration and changes in consumer behavior put great pressure on existing models," warns Matthew Aubusson.The media industry and recreation needs to find profitable new business models, while supporting the rapid pace of innovation hits new offerings.

"The movement of consolidation, partnerships should emerge to share the risk in a rapidly changing market," says the partner at PricewaterhouseCoopers. These risks include the threat of overheating networks puts telcos at bay, while data traffic is exploding.

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Thursday at the conference NPA-Le Figaro, Stéphane Richard, CEO of France Telecom, has not minced his words. "We're not a patron. On The World, we take a look industrial. "What interests telecom operator, is essentially The World Interactive, the joint venture group Le Monde and Lagardere. Orange would bring his digital expertise. The objective is to achieve the same "marriage" of advertising agencies news sites. Stéphane Richard praised the merits of a merger between Orangeactu and Lemonde.fr, respectively second and third information sites in France. However, the advertising of the World Interactive, called iRégie.com is a subsidiary of World Economy Advertising, itself owned 51% by Le Monde, against 49% of Publicis.

"To play a marginal role"

Problem.If Orange wants to play a role in Le Monde Interactive and its governance, it will have to redeem the minority shares of two words: Lagardère and Publicis. But Lagardere has made it clear he was not a seller 's best payday advance. So, to achieve his ends, Orange must accept an interest in the whole group Le Monde newspaper and the Web. Orange is ready "if necessary, to play a marginal role in the round table" investing "nearly 40 million" on the side of takeover candidates, whoever they are.

The last candidate to have filed a date préoffre is the group Le Nouvel Observateur. His boss, Claude Perdriel, would invest 80 million euros alongside a partner. In front, he will find the offer of the trio Pigasse-Niel-Bergé.All this agitation on the part of candidates has been at the center of the ordinary and extraordinary general meeting of the Society of Editors of the World (MRS) held in the afternoon on Thursday. The next meeting should be convened on June 25, time to get a clearer picture on the submission of applications.

Time is running out, because the world must find the money before July 15. Otherwise, it may be insolvent.

Brussels puts its nose in one of the most sensational divorces industrial center stage in Europe: Barroso Commission on Wednesday announced the launch of an accelerated procedure against the French Areva and German Siemens for infringement of competition law. This decision confirms the information published as early as Tuesday evening by Le Figaro.

In this case, it is the folder Areva NP, the ex-Framatome, owned 35% by Siemens and 65% by Areva. The German group announced in early 2008 its decision to exit the venture, after several years of fruitful cooperation.

Areva has taken note of this decision but said that Siemens was unable to compete with it for several years because of an agreement signed between both parties. And it is this clause that Siemens is trying to quash the Commission.A clause also crucial for the French group that tries to turn the cash in order to lower the purchase price of 35%.

Addressing what looks like a cartel, while the separation between the two European giants of nuclear consumed is therefore paradoxical only in appearance. Siemens, unable to compete with its former French partner by one of the clauses of the marriage contract of 2001, seeks in effect to part of a last thread to the leg. Moreover, the German group discreetly that he looks forward to the debut of the Commission.

The shareholders agreement signed in honeymoon Franco-German, January 30, 2001, has never been made public.The clause that is now the competition commissioner, Joaquin Almunia, evoked precisely the scenario of a separation for at least eight years after the divorce, it prohibits Siemens rival Areva to come on the market for nuclear reactors, according to one of the parties in conflict.

Partnership with Rosatom

The decision by Joaquin Almunia opens investigation against "violations" of sections 101 and 102 of the Treaty of Lisbon by Areva SA, Siemens AG and their subsidiary Areva NP. The procedure "does not mean that there are strict proof" of infringement of competition law, but simply that the case will be handled on a priority basis, according to the draft obtained by Le Figaro.

The non-competition, held by Areva and Siemens today denounced, no objection was raised in 2001 during the passage of the shareholders before the European authorities.Has it been so deliberately ignored? Or added a posteriori? In any case, it returns to haunt the two partners.

And because it prohibits the German group to realize its nuclear partnership with the Russian company Rosatom. Siemens announced March 3 – with the blessing of Vladimir Putin – the signing of a Memorandum of Understanding for a joint venture with the public group. It is developing the technology Russian pressurized water reactors. This alliance has created a noisy side reaction of Areva, which has denounced "a unilateral breach of contractual obligations" by the German group.

Beyond the bitterness born of a failed marriage, is a cut-throat competition looming on one of the most lucrative markets for decades to come: that of civilian nuclear reactors, each of the two firms in tens of units.Unless he can get Brussels to outright cancellation of the disputed clause, Siemens would like to see at least his initial handicap reduced by several years.

That complex is more of a rebound near. While Siemens sentence actually formalized its alliance with Rosatom – the German press has recently indicated that there would be no breakthrough until 2011 – and rumors have circulated about a possible return behind the German group. So a partnership with Areva reactivated.But recent developments in Brussels show that this scheme will be hard to reappear.

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More than 2 billion euros

How is the participation of Siemens in Areva NP? Estimates are circulating that the French group will put on the table between two billion and 2.5 billion euros. To agree on the amount of the transaction, both groups have appointed an independent expert. No timetable has been set officially, but the findings should be made before the end of 2010. Meanwhile, Areva has singularly need to restore its financial leeway.

For the period 2008-2012, Miss nuclear group has estimated its investment needs about 6.5 billion euros.While a capital increase is planned – up to 15%, through three foreign partners – but the government delayed giving the green light.

The name of his new baby is revealed. ExonHit, which raised 15.6 million euros fons last December, had then told him that this money would be used to buy a company in the field of Diagnotic. On Tuesday, the French biotechnology company announces that this is American and her name Redpath Integrated Pathology Inc..

Headquartered in Pittsburgh, Pennsylvania, Redpath has a technology platform based on the DNA that provides information for an individual diagnosis and clinical treatment decision tailored to each patient.

A purchase of $ 32 million

For this first acquisition since its inception in 1997, ExonHit will spend more than $ 32 million, or 24 million euros.The payment will be distributed to 12.5 million dollars in cash (EUR 9.4 million), 10 million shares (7.5 million euros) at the close of the transaction, and from 2012, Redpath's current shareholders will receive up to $ 9.5 million (7.1 million euros) in the form of milestone payments related to the achievement of sales targets.

The acquisition, subject to approval by shareholders of ExonHit, should be completed by mid-July 2010. The company has e equally on the drug market of neurodegenerative diseases and the diagnosis of cancer.

Best Diagnotic Cancer

The analytical tool of Redpath improves diagnostic accuracy in difficult cases where cancer or precancerous conditions can be characterized by conventional pathological examination, explains ExonHit.

The company, which will be part of ExonHit operations in the U.S., markets a molecular diagnostic test for cancer of the pancreas. A second test able to distinguish primary tumors from metastases is being launched.

The company's portfolio also includes two tests in the final stages of development and several programs in early development in the field of oncology.

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"We are in the final phase of adjustments, it is normal that the negotiations become more difficult, Le Figaro said the Minister of Agriculture, Bruno Le Maire. Things must lead as soon as possible. This is an important project both industrially and in the defense of the interests of producers. On this last point, we are building with all stakeholders on an ambitious plan to develop the dairy sector, as it has ever been done for twenty years at the time of Michel Rocard. This plan should be presented in September. "

Good news for consumers: quality of service of mobile operators and ISPs improve. The complaints have decreased by 28% in 2009 compared to the previous year, according to the latest report of the French association of telecommunications users AFUTT (www.afutt.org). "There is no doubt that operators and service consumers are making significant efforts", says AFUTT.

Of the 5 761 complaints received by the AFUTT in 2009, the Internet is the main black spot with 53% of complaints received, even if the improvement is constant for three years. The mobile focus, these, 33.8% of complaints.

In the hit parade of complaints, billing problems came first (16.2% of complaints), before the break of service (14.1%) and termination (14%).

However, "often the bill is not wrong", recognizes the AFUTT."This raises questions is the understanding of supply and lack of clarity in tariff." In mobile, the invoice is the primary source of litigation, almost four a complaint. On the Internet, this includes "Advance billings": the box has not yet been delivered but the subscription is already taken, or not requested options are added to the total payday loan lenders.

Despite progress, the AFUTT thus draws the whistle on three topics. First, the notion of unlimited misleading."The limit is over emphasized, even though it does not exist because there is still limited in volume, or area covered … Consumers are discovering to their cost," explains Jacques Pomonti, president of the AFUTT.

We remember the astronomical sums – up to 159 000 – claimed last fall to some customers for mobile Internet offers so-called unlimited.

"The fear of overheating"

Second concern of the association: the saturation of mobile and fixed networks. "With the explosion of mobile Internet usage and video on the fixed Internet, you are exposed to saturation of the networks. There are fears of overheating, warns Jacques Pomonti. Especially since the operators are not willing to pay only to offer more bandwidth, while some American content providers pocket all the profits. "