Posts Tagged ‘financing’

United States: exceptional growth in late 2009

January 30, 2010 - 9:45 pm Comments Off

Year End Spectacular for the U.S. economy. According growth reached 5.7% in the fourth quarter. Economists had forecast between 4.7% and 5.4%.

This unexpected development will limit the historical downfall of GDP over the year to -2.4%. The U.S. economy had not experienced such a decline since 1946.

In the fourth quarter, growth was supported by the recovery in business inventories, the resumption of investment and exports, says the Federal Bureau of Statistics payday loans for bad credit . In addition, imports, which are deducted from GDP, slowed. These factors have offset the slowdown in federal spending and household consumption.

The Cac 40 in the green returns

January 15, 2010 - 7:14 am Comments Off

Optimism is back in the Paris Bourse in mid-afternoon Thursday, while U.S. statistics, published at 14:30, emerged in below expectations. ACC back above the 4,000-point mark.

The number of registered unemployed in the United States was up more than expected during the week ending January 9, according to figures released Thursday by the Labor Department.In data adjusted for seasonal variations, these weekly applications for unemployment benefits rose for the second consecutive week to 444,000 against 433,000 (revised) the previous week.

Another disappointment, retail sales in the U.S. fell against all odds in December, according to official figures released Thursday in Washington, but this masks a bad performance review of their surge up the previous two months.

Around 15.15, the CAC 40 yields 0.08%, to 3997 points, passing under the 4,000 points.

Investors will also pay attention to the news conference the Director General of the International Monetary Fund (IMF), Dominique Strauss-Kahn, at 16 hours and the speech of the Governing Council of the ECB.

The latter announced that its key policy rate should remain at 1% level where it remains since May 2009.In the U.S., retail sales for December at 14.30, the import price for the same month at the same time, as well as requests weekly unemployment benefits will be scrutinized.

As for currencies, the euro decreased again. The European currency fell by 0.13% to 1.4503 dollars. For raw materials, oil appears in sharp decline. The barrel of light sweet crude for February delivery lost 2.84% to 79.29 dollars, while that of Brent North Sea at the same maturity, lost 2.40% to 77.76 dollars. Oil stocks have risen more than expected last week in the United States.

Ubisoft suffers

The Renault Group (Renault, Dacia, Samsung and Lada) in 2009 recorded a decrease of 3.1% of its global sales to 2.3 million vehicles in global market decline of 3.7% and a slight increase its market share (+0.1 percentage points to 3.7%), it intends to strengthen in 2010. Figures similar to those unveiled by Peugeot (+1.47%) a few days ago. After gleaning 0.1% at the opening, title coward 0.43% to 39.32 euros in mid-session.

The French game publisher Ubisoft video Wednesday revised downward its financial targets for its fiscal year 2009/2010 lagged, partly because of disappointing sales of some games and the postponement of several launches. Sanction Immediate Exchange: action coward 4.67%, to 9.6 euros. It is the largest decline of the SBF 120.

GDF Suez has announced the sale to Shell Egypt for a 20% concession in the Alam El Shawish, and keeps 25%.The sign under the worst performance of the ACC with a decline of 2.21% to 29.16 euros.

The group Vivendi (+0.2% at 21.02 euros), which challenged the participation of two of its shareholders and Adam collective proceedings conducted in the United States, was dismissed Wednesday by the Tribunal de Grande Instance Paris.

The French ready-to-wear Camaieu (+4.89% to 148.94 euros) plans to continue its development policy in 2010 and plans to open nearly a hundred shops.

bioMérieux (+3.12% at 83.02 euros) on Thursday announced the acquisition of Meikang Biotech, a Chinese manufacturer of rapid tests, and its production site in Shanghai. Vet'Affaires (7.38%) reported a turnover of 92.7 million euros in 2009. Riber (-2.80%) confirmed its net profit target for 2009.

This is the second day of strike in the Paris airports (ADP).A two flights was canceled Thursday morning following the request of the Directorate General of Civil Aviation (DGCA) to Orly airport, the second day of strike among air traffic controllers, has been a journalist from AFP . The action takes ADP 0.68% to 57.81 euros.

A monitor also: Pernod Ricard (-0.05%)) who will make a point about its business. Carrefour (-0.53%) will release its annual results after the stock market.

Morale still low industrial

December 19, 2009 - 1:23 pm Comments Off

For the third consecutive month, the French industrial morale remains very low in December. The synthetic indicator of business climate has stabilized at 89 points, down one point compared to November, INSEE said on Friday. The long period average is 100 points.

Chilling, INSEE noted that "the reversal indicator" sense "to detect the earliest possible time the industrial economy turns around," came "in the area indicating an economic downturn."

Business leaders note much of the sector increased their activity increased and stocks far below their level a long period, but observed a deterioration in their global order books and abroad. Their production forecasts are less good.

"The personal perspectives of production are less well oriented in November.The industrial and anticipate a slight slowdown in the coming months, "notes the INSEE.

The index had rebounded after the spring after a low of 69 points in March.

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Brussels bends Microsoft

December 16, 2009 - 5:35 pm Comments Off

The European Commission was investigating since January 2008 on possible abuse of dominant position by Microsoft in Internet browsers. If Brussels is to end its investigation, the U.S. giant had to make heavy concessions, agreeing to provide European users with a choice of internet browser to its Windows operating system, then ships only with browser: Internet Explorer.

The lawsuit, initiated by Opera Software, a competitor of the firm of Steve Ballmer, was motivated illegal competitive advantage that the systematic incorporation of Internet Explorer to Windows would have given Microsoft.

Internet Explorer will suddenly face competition

The latter agreed to five years to propose to all European users in Windows versions XP, Vista and 7 to choose their browser.Firefox, Opera and Chrome, the three major browsers Internet Explorer competitors are rubbing their hands when you know that Windows team 90% of PCs worldwide.

Manufacturers of computers equipped with Windows in factory can also completely disable Internet Explorer and install a competing browser.

Microsoft chose to make concessions, risking a fine that could reach 10% of its annual turnover worldwide, is a mere 6 billion euros in fines.

"Millions of European consumers will benefit from this decision with the choice of browser they use," welcomed the Competition Commissioner Neelie Kroes.

Norbert Dentressangle invests in solar

November 12, 2009 - 4:50 pm Comments Off

On November 16th is the day J. To this date will begin a public inquiry into the grand scheme of Norbert Dentressangle in Sabran, in the Gard. The motor carrier has build a strong photovoltaic power of 11.5 MWp (megawatt peak), enough to power a city of 3 000. If the case succeeds, Sabran, with 1 600 inhabitants, is one of the few French villages to produce more green energy than it consumes electricity. This is a winery on 70 acres that the photovoltaic plant Financial Norbert Dentressangle, through its subsidiary Norbert Dentressangle Sustainable Development (N3D) will install its solar farm. "It would occupy about 26 hectares," explains Jean-Louis Savoye, chief investment officer for Financial Norbert Dentressangle.

Investment is expected to be approximately 45 million euros.However, the carrier gave no timetable. Prudence understandable because farmers in the south of France, are opposed to the erection of wind turbines or solar panels on cropland. "We do not seek this type of land, warns Jean-Louis Savoye. These are homeowners who have contacted us because they wanted to sell and stop their activity. "We can not always support an activity that is not viable, says the mayor of Arles, Jean-Marc Jorda.Furthermore, we negotiated with Dentressangle it undertakes to restore the land under cultivation on the day he would quit his electrical activity.

Business tax preserved

Another precaution taken by the City Council: "We negotiated in case of removing the business tax without compensation to the State, Norbert Dentressangle pay the equivalent of the amount to the town, 150 000," says Jean – Marc Jordan. This represents approximately 10% of the municipal budget.

After the construction of a roof made of solar panels on one of its warehouses in Lyon, and filing a case under public inquiry into the common Bessan in Hérault (10 acres of solar panels approximately 15 million euro investment), this solar farm project in the Gard is the largest so far devised by N3D."We will work on this activity as an investor in the long term, and also have a social and ecological footprint responsibly as possible", says one in Norbert Dentressangle. In Sabran Photovoltaic Park is located on an elevated plateau natural and should therefore have a limited visual impact, or "nonexistent," according to Jean-Marc Jorda.

TF1: Axel Duroux sacked

October 27, 2009 - 1:46 pm Comments Off

While wrapping up the M6 leg dams the World Cup between France and Eire, war leaders among leaders TF1 resulted in the victory of Nonce Paolini. Axel Duroux, former Chief Executive of RTL radio, designated as a number one in June, left the group. "TF1 and Axel Duroux decided to separate by mutual agreement for differing views on the strategic conduct of the business," said a statement from the group.

Martin Bouygues, the main shareholder, has settled the dispute between the two men. He would not disavow Nonce Paolini, one of his followers, former HRD TF1 before heading Bouygues Telecom.

Axel Duroux had a contract specifying that he should be appointed deputy CEO in November, as that would give her signature on all subjects.But since the arrival of Axel Duroux in at TF1, September 15, was war. For nearly three weeks, he tried to take control of all subjects, as the title of number one a would permit. But each time, Nonce Paolini reminded him that he was the ultimate decisionmaker.

The conflict has crystallized around the information. When Axel Duroux wanted to take the reins, Nonce Paolini has countered that the information was a reserved area. Axel Duroux has demanded that the dispute be resolved before Martin Bouygues, the main shareholder. The latter received the two men and was momentarily appeased the conflict in distributing roles to Axel Duroux, content management, and Nonce Paolini, one of the group.

Disagreement on strategy group

For fifteen days, sharing worked, Nonce Paolini not participating in various committees on the antenna.Until the famous seminary of Chantilly, a week ago. Faced with hundreds of executives, both men have erupted their divisions, as reported in The Correspondence of the press. In Nonce Paolini, who believed that the hearing of the chain had reached low water mark to 27% audience share, Axel Duroux countered that it should not be content and he had to go to the reconquest of 30%. The unease deepened when the executives in attendance expressed by voting their disapproval of the group's strategy. Jean-Pierre Owens, presenter of "13 hours", a union representative and member of the Board of TF1, has bitterly complained that there is more talk of strategy and content. In the state of permanent waving guerrilla group, a new incident took place early in the week. Nonce Paolini has come Laurence Ferrari, presenter of 20 hours, without warning Axel Duroux.The latter replied that he had, according to arbitration by Martin Bouygues, control over information.

The bottom line is that Axel Duroux has been called to the rescue in June 2009, when the chain was at its worst. But the anger of Nicolas de Tavernost and German leaders to RTL Group was forced to his notice. It's happened three months later at TF1. Meanwhile, the group had spent a great summer, and his return audiovisual confirmed that recovery of hearing. Furthermore, the advertising market, very depressed in the first half, rebounded in September. Axel Duroux had lost its role of savior. The epilogue was played Friday morning.

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