Archive for the ‘resources’ Category

Rumors surrounding the release of Apple TV

Wednesday, June 29th, 2011

The scenario leading to the release of Apple TV is taking shape. As the months that preceded the presentation of the iPad, in January 2010, the indices in Asia begin to multiply. Since the beginning of the year, analysts who were on the scene returned with the assurance that Apple had already started working with his subcontractors on the project. "Apple is in the preliminary stages of designing a TV," wrote this weekend Katy Huberty, the investment bank Morgan Stanley.

The entry of Apple in the TV segment, though still in the rumors, is already the subject of scholarly speculation in financial circles.According to the analyst Gene Munster of Piper Jaffray, which published a note last week, an Apple TV would make the company an annual turnover of $ 2 billion in 2012, a total market of hundred billion dollars. For its part, Morgan Stanley expects additional revenues long-term $ 19 billion, three-quarters of revenues generated by the iPhone in 2010.

The Apple TV built into a TV

If the analysts are so sure two is that while Apple pushes prior to embarking on television. The company initially afford, thanks to profits generated in recent years by the iPhone and iPad. Perched on a cash reserve of 77 billion dollars, Apple announced earlier this year signed a two-year contract for $ 3.9 billion from a mysterious supplier.According to Gene Munster, this investment will supply 3.5-inch screen (diagonal measurement of the iPhone) to 50-inch TVs.

More importantly, analysts point out that the TV fits perfectly into the strategy of Apple. The company markets since 2007 Steve Jobs Apple TV, a box that provides access to the contents of Mac and online services on the big screen the show. First described as a "hobby", the small device has received a major update last fall. He is now based on the same basis as the iPhone, which takes the processor and operating system, IOS. Apple has sold 2 million since then.

Leaving a TV, so Apple could integrate Apple TV into a flat screen and add some new features free business cards."Videoconferencing FaceTime, the App Store App Store and iTunes and the game would find their natural place," writes Brian White Ticonderoga Securities. This TV would display the photos, music and files stored on icloud, the new storage online Apple suggests Gene Munster. As for Apple TV today, the unit would go from an iPhone or an iPad, as a remote control.

The reluctance of TV

Analysts who have studied the subject, the players already installed, such as Samsung, LG and Sony have every reason to fear the arrival of Apple. The power of its brand and the uniqueness of its design would wreak havoc. "Television is the center of living rooms around the world, and an Apple TV would likely be a huge success," anticipates Ticonderoga Securities.As for the iPhone, Apple could attempt to enter the market by the high-end model with a 2000 dollars, Piper Jaffray suggested in the summer of 2010.

In addition to competing with electronics manufacturers, Apple would also respond to Google and Microsoft, that have made television a major development. After testing mixed in television connected, Microsoft has taken a strong position in the home through the Xbox 360, and its video-on-demand and video conferencing. Google, which launched last year the platform Google TV, is it more worthwhile. But a major update, dubbed "Fishtank" is in preparation.

Despite these optimistic forecasts, Apple will have to adapt outside the United States in very specific local markets.In France, telecom operators already provide access to video on demand and Internet through their "box", very well established. For now, televisions connected televisions are more "connected", judged last week Nonce Paolini. Preparing for the arrival of Apple and Google, the owner of TF1 has also requested a "sanctuary of the signal" so that these new actors in television do not add information connected interactive emission channels without permission.

IMF: Lagarde wants to continue the reforms initiated by DSK

Friday, June 24th, 2011

The oral examination lasted three hours. Christine Lagarde, the French candidate for the leadership of the International Monetary Fund (IMF) met during this period with members of the board of the organization. When he left the organization's headquarters in Washington, she said, in a brief statement to the press, its wish to be selected to continue the reforms initiated by Dominique Strauss-Kahn.

"I think we should make the Fund more responsive, more efficient and certainly more legitimate. And that really requires a lot of potential improvements, but also the continuation of reforms that were undertaken by my predecessor, "she said in English. "I believe that the Fund is a remarkable institution with an exceptional staff, and must always strive to be more responsive, more engaged, more legitimate with all of its 187 members.In any case, it would be my ambition, "she said, in French this time. "It's now up to member states to decide."

The French Minister of Economy is opposed to a Mexican candidate, the governor of the central bank Agustin Carstens, to succeed the French Dominique Strauss-Kahn, who resigned May 18 It provides, inter alia, support non-official Washington. The U.S. treasury secretary, Timothy Geithner, "believes that the experience and solid leadership skills of the Minister Lagarde make her an exceptionally gifted candidate for the general direction of the IMF."

The next step is a formal meeting of the board Tuesday to consider the two applications. The Board of Directors of the IMF must choose between her and Agustin Carstens by June 30.

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Fillon encourages SME growth

Thursday, June 16th, 2011

Create new champions and allow SMEs to grow is one of the main thrusts of government policy. A few weeks ago, Nicolas Sarkozy explained before 2,000 SME leaders that his goal was "to strengthen their competitiveness and ability to exporation. The Head of State announced that the public bank Oséo enjoyed an additional one billion to allow companies to open their capital without losing their freedom of action. On Thursday, Prime Minister François Fillon unveiled a new series of measures to "grow" at the conference organized by the World SME employers' organization CGPME chaired by Jean-Francois Roubaud.

"We are now in the recovery phase, and this turning commands us to go on the offensive to solidify the growth.We know the tryptic winner: we must help our SMEs to find financing, focus on innovation and of course help to export, "said Francois Fillon.

5 billion of public money

The Prime Minister announced that the State, which played a key role during the crisis, would continue its efforts. The France Investissement is extended to 8 years from 2012, "with a public commitment of 5 billion euros over the period. This will allow an increase of 50% of the annual public investment. " This device, created in 2006 for a period of six years, combines public (Deposit and Consignment Office, the Strategic Investment Fund) and private actors (banks, insurance). He entered the capital of SMEs to strengthen their capital base need a personal loan with bad credit. Since its inception in 2006, 2 billion euros and injected public money has leveraged over $ 7 billion of private financing."France Investissement has been a success at a time when the crisis struck the capital investment, where insurers fell significantly their funding," noted Francois Fillon.

Caisse des Depots and many insurance companies will also launch a fund of 200 million euros by the end of the year that will invest in small and medium-sized companies employing between 250 and 5000 employees.

François Fillon has reassured businesses who fear that the credit becomes expensive and scarce funding because insurers and bankers will have to apply the new prudential rules, called Solvency II and Basel III. "I want to tell you that the State will be very careful that there is no withdrawal of private investors in financing the real economy, particularly in the financing of unlisted SMEs," assured the Prime Minister.For its part, the Banque de France set up a tracking stock of credits to companies with fewer than 10 employees.

Commenting on the controversial issue of the premium for employees of companies distributing dividends up, adopted by the Assembly on Wednesday night despite strong criticism CGPME, the MEDEF and unions, Francois Fillon said the state had taken "responsibilities" for lack of agreement between unions and employers.

Rising prices stabilized in May in France

Wednesday, June 15th, 2011

Lull on the inflation front. The price increase was limited to 0.1% in May (+2% yoy), according to figures released Wednesday by the INSEE. "Increases and decreases balance almost note INSEE. The seasonal increase in prices of fresh produce is particularly strong this year and other food products is important for the contrary, prices of energy and transport services and communications are down. "

The food products saw prices rise by 1% in a month. Growth driven by fresh products (+3.4%).Fresh fruits such as they are down 1% year over year, recorded a jump of 8.1% in May! Other foods suffer the consequences of soaring agricultural commodities: coffee, tea and cocoa rose 2.1% (+6.2% yoy), oils and fats by +1.4% (+4, 7% a year), bread and cereals by 0.6% (+1.7% yoy) and meat by +0.6% (+2.2% yoy).

"This explains why the French have a real sense of erosion of their ability to consume: the rates of many symbolic products purchased daily and can vary abruptly, which frankly is not likely to reassure them," says Alexander Law , chief economist at Xerfi.

Decline in telecoms

For the first time in eight months, energy prices have however declined by 1.3% in May after an increase of similar magnitude in April (+11.3% yoy), following the fall in prices barrel of oil. In detail, fuels recorded a more moderate decline of this set, to -1.4% over the month. It is "both for seasonal reasons and because of different tax rates, advance INSEE.

All prices for services other stores edged up 0.1% in May while the telecommunication tariffs fell by 1.1% (-2.4% yoy). Manufacturing (automotive, furniture, clothing, …) are also down (-0.1%).

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Bertrand Puech: "We are subject to constant attacks"

Monday, May 30th, 2011

Hermes is Monday night in Paris the first general meeting of shareholders since its entry in October 2010, the capital of LVMH (with 20% today). The heirs, who hold 72% stake, hoping to get the green light in September the Court of Appeal of Paris to their proposed freezing holding a majority of shares, to defend against a raid by Bernard Arnault. Bertrand Puech, president of Émile Hermès family (sole general partner of the listed company Hermes International), a member of the fifth generation of heirs, is against the proliferation of litigation against the project, including those of the Association for the Defence of Minority Shareholders chaired by Colette Neuville.

LE FIGARO. – What will you announce to the general meeting of Hermes on Monday night?

Bertrand Puech.- We will announce, as we know already that 2010 was one of the finest, if not the best year, Hermes has lived for 174 years. The results were extraordinary in an economic context that was not favorable. This allows us to pay a dividend of 1.50 euro increased significantly compared to normal.

LVMH will he represented and he can enjoy his voting rights? Are you afraid of possible obstructions of the meeting?

The shareholders are all invited no teletrek payday advance. LVMH said it would. He always said, if his friendship, in any case his pacifism. I am not chairman of the meeting but things should happen normally, as usual.

What do you think of recent legal actions taken by minority shareholders against the proposed family holding Hermes?

I do not understand.It's very sad and painful for members of a family committed to an ethic of openness and honesty for generations to be scratched before the courts, then we're just defending the values ​​of quality. You should know that Ms. Neuville is a minority shareholder, who owns a single share, which represents only herself. She can not speak for the association which is not approved by the AMF. And it is wrong to fight. If she wanted to play a role in defense of minority, why does she not be interested in the fact that one shareholder said suddenly have 17% of our capital, purchased since 2008 without making it to the markets? I think she has given way to a big bad wolf.

The CAC 40 is expected to stabilize

Tuesday, May 24th, 2011

On this day 50 years in the OECD, the Paris Bourse should behave a little better. The Cac 40, which has suffered heavy losses on Monday, weighed down by bad signs including the Italian debt, and could resume his spirits a bit, like the Asian stock markets on Tuesday morning, which had fallen the night before. Last night on Wall Street, U.S. indexes also ended in deep red.

It will also monitor the evolution of the Milan Stock Exchange, which lost more than 3% the day before because of the prospect of lowering the debt rating of Italy by Standard and Poor's. But the rating agency has reassured last night assuring that the country would not need help. The government has prepared an austerity plan of 40 billion euros.

On Tuesday, the Brussels Stock Exchange is likely to be heckled while Fitch has placed the country's debt on negative watch.

To this day wait at the front of economic data likely to move the trend in France, the monthly business survey in industry, in construction, in retail trade and repair services for automobiles and May fall to 8.45. Even now, the business climate and economic downturn, still on May, are known. In Germany, Destatis publish the detailed GDP in the first quarter (8:00) and Ifo important barometer of the morale of the financial community will be unveiled at 11 am. In the EU, we will connsaissance new orders in industry in March (11:00).While the United States, 16 hours, we will note the new home sales in April (16 hours) payday loans direct lenders.

Bickering between Carrefour and Casino

Side values, expected interim results from Compagnie des Alpes.

Casino boss, Jean-Charles Naouri, did not appreciate the discussions for a merger between Carrefour and the leader of the Brazilian supermarkets, CBD.

Moreover, S & P is considering lowering the rating of Dexia because of its exposure to Greece.

Vallourec has announced the acquisition of Zamil Pipes, the leading processing and finishing of seamless tubes for oil and gas industry in Saudi Arabia for 96 million euros.

EDF and Enel are among the groups under discussion with Russia's Rosatom to participate in its proposed nuclear plant in Kaliningrad, Russia.

CVC Capital Partners has reached an agreement to repurchase shares in the family holding Delachaux offered for sale at a price of 83 euros per share.

Areva has announced the acquisition of 30% stake in its Brazilian subsidiary Areva Koblitz it did not already own.

BigBen Interactive has filed a proposed acquisition of Modelabs that values ​​the maker of mobile phones tailored and specialist distributor of telecom products between 90 and 100 million euros, announced Monday the Financial Markets Authority (AMF). The group will publish its annual résutlats Tuesday.

Note Iliad, Arkema, EDF, Société générale Gecina and hold their general meeting today.

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Greece Tripping the CAC 40

Monday, May 9th, 2011

The sessions will follow, but does not resemble the Paris Bourse. The CAC 40 is up in the red on Monday, after climbing from 1.33% Monday, following good U.S. job figures released Friday. The index in Paris dropped by 1.25% to end 4007.26 points at closing and narrowly saves the threshold of 4000 points which had been lost during the day.

The other European financial centers retreating in unison. The Dax in Frankfurt Stock Exchange lost 1.09% to 7410.52 points and the London FTSE loose 0.57% to 5942.69 points.

S & P demoralizes markets

Poor market sentiment was caused by the decision of the rating agency Standard & Poor's on Monday lowered by two notches the rating of Greece, due to the increased likelihood of debt restructuring .It also warned it could further lower.

The rating of the country's long term debt is reduced to "B" cons "BB-", which meant that Greece became deeply into the category of unreliable borrowers. His short-term debt is rated for its part "C" cons "B" before, according to a news agency. These ratings remain on negative watch, meaning that the agency could decide quickly lower them again. S & P said its decision on the fact that governments in the euro area, which have agreed to postpone the due date for repayment of their loans to Greece, could be tempted to demand a similar effort on the part of private creditors the country.

After this announcement, the euro goes off in decline against the dollar, trading at 1.4287 dollars at the close of European markets.

Investor sentiment decline

On the macroeconomic front, Bank of France (BoF) provides a first estimate of growth of 0.5% in the second quarter of this year. BdF anticipates a 0.7% gross domestic product for the first quarter.

The business survey from the Bank of France reported a moderate increase in activity in industry in April.The business climate indicator in industry decreased by three points to 107 while in services it has dropped one point to 102.

Investor sentiment in the euro zone fell again in May, with an index standing at 10.9 after 14.2 in April and 17.1 in March, the monthly survey showed Monday from research firm Sentix .

Financial stocks unscrew

Financial stocks post steepest declines in the CAC 40, while the financial situation of Greece worried, so much so that a new EU aid is getting ready by 2012. AXA (-3.52% to 14.65 euros) is an outlier of the index. It is followed by BNP Paribas (-2.74% to 52.94 euros), Societe Generale (-2.62% to 42.18 euros), Credit Agricole (-2.58% to 10.75 euros) and Natixis (-2.30% to 3.81 euros).

Rumors of transfer and acquisition for Lafarge at GDF Suez

CNP Assurances: -3.60% to 14.73 euros

CNP Assurances reported Monday a net profit in the first quarter down 3.6% to 270 million euros, affected by a strong contraction in sales (-14.1%).

Lafarge: -1.31% to 45.07 euros

Lafarge and Anglo American want to sell 600 million pounds (680 million euros) in assets to their new joint British company, whose creation was announced last February, the Financial Times.

GDF Suez: -2.32% to 26.09 euros

GDF Suez wants to establish a renewable energy division and will consolidate its ten subsidiaries producing green energy in France, according to Les Echos.Also according to the economic daily, the group would be interested in the Italian Sorgenia, 52% owned by the holding of the CIR De Benedetti family and 45% by the Austrian Verbund.

Euler Hermes: -7.67% to 66.13 euros

The credit insurance group Euler Hermes has done in the first quarter 2011 net income rose 58.2% to 75.3 million euros thanks to the continued recovery of the global economy observed in 2010. Turnover increased 7.6% to 544.1 million euros.

Iliad (Free): -0.31% to 87.55 euros

Numericable could announce the launch of a mobile telephone within 40 euro on Wednesday as well and hunt on the land of the Free (Iliad). The mobile virtual network operator (MVNO) that rents the network Bouygues Telecom is the origin of the site larevolutiondumobile.com.The group has denied wanting to launch an unlimited mobile plan.

On the podium of the largest increases Cac 40 include Alcatel Lucent (3.80% to 4.36 euros), STMicroelectronics (1.31% to 8.12 euros) and Accor (0.90 to 29% , 12 euros).

Vilmorin: + 1.40% to 86.95 euros

Vilmorin is up over 8% of its consolidated revenues for the year which ends in late June, when he was counting on this to 7%. The group also announced an operating margin target of 13% throughout the year, against 10.3% in 2009-2010.

Technip: 1.26% to 71.79 euros

Technip won a contract worth approximately EUR 55 million from Statoil for the development of the Vigdis field NE, located in the Norwegian Sea.The contract includes the supply of pipes to be installed by mid-2012 in water depths of 220 to 310 meters.

Air France-KLM: -1.91% to 12.04 euros

The passenger traffic of Air France-KLM jumped 23.1% in April, an increase that is "not significant" compared to April 2010 during which the European sky was blocked by the eruption of an Icelandic volcano, said Monday the airline group. In the past month, Air France-KLM carried 6.36 million passengers (+28%).

Income: that French employees win

Wednesday, May 4th, 2011

Click image for larger graphic.

In 2008, a French employee earned 18,800 euros net on average per year. He saw his salary increase by 1% on average annually since 2004. Women earn less than 27% of men and less than 25 years earn 60% less than employees over 40 years. In the private sector, executives show average annual wage income of 38,800 euros, which means they are about three times better than a paid worker or employee.

In public, a government official earns 8,000 euros a staff of more territorial and 2500 more than a hospital worker.These are some lessons from the 2011 Survey of Employment and Earnings "of INSEE.

Underperforming academic specialties

More specifically this year, government statisticians are wondering if specialized training had a significant impact on employment and wages. Their response is positive. "For the same level of education, holders of professional specialties are generally less unemployed than graduates of academic specialty," say the authors of the study.

There are two types of specialized training in language INSEE, "a specialty of targeted professional training" (mechanics, accounting, healthcare, secretarial, trade payday loans in 1 hour…) or a specialty academic (humanities and social sciences, humanities, languages ​​…) . 61% of assets from 15 to 55 are in the first case, 12% in the second.A quarter do not fit into any category, either because they have no diploma (18%) or because they have a general education secondary school certificate type (8%).

The educational level is particularly important determinant of wages. 5 bins earn about 70% more than the CAP-BEP, with a premium for jobs related to accounting, finance, human resources, operation of the business or law.

Some specialties are finally learning is highly specific. Graduates in hospitality-tourism obtain value well their training if they have a job in this field and despite a high unemployment rate. Conversely, those in finance and accounting experience a low rate of underemployment and have pay above average, they work or not in their field of training.

The Paris Bourse passes the 4100

Thursday, April 28th, 2011

The CAC 40 continues its forward march on Thursday. At closing, the Cac 40 was even offered the luxury of spending the technical threshold of 4100 points to 4104.16 points for a gain of 0.90%. Paris appears on the rise for the sixth straight session. As in Asia, Paris markets in turn react positively to the long-awaited announcement of the Fed on U.S. rates. The latter decided to continue its accommodative monetary policy for an extended period.

On other European markets, the upward trend is also valid. The London Stock Exchange 0.02% gleans 6069,09,10 points. For its part, the DAX index of the Frankfurt Stock Exchange gained significantly more (0.96%) to 7475.86 points.

Investors ignored the statistics expected across the Atlantic on Thursday, beginning with the first estimate of first quarter GDP and weekly jobless claims.As expected, U.S. growth slowed in the first quarter with a 1.8% annual rate. The ball quarterly publications will also be given to: Procter & Gamble, Microsoft, Expedia and Colgate Palmolive are scheduled.

In France, last month, spending on French household consumption of manufactured goods fell by 0.7% over one month after rising 0.9% in February, Insee said Thursday. Throughout the first quarter, spending still increased by 1.2%, after +1.8% in the last quarter of 2010.

Side currency, the euro climbed sharply against the dollar since the Fed announcement. About 11:00 am in Paris, the euro bought 1.4834 dollars against 1.4785 dollars late Wednesday.On oil markets, a barrel of light sweet crude for June delivery gained 61 cents to 113.37 dollars while that of Brent North Sea also June delivery increased 62 cents to 125.75 dollars. The sharp weakening of the U.S. currency has elsewhere led to a surge in price of an ounce of gold above the threshold of 1,530 dollars for the first time.

Rafale PUBLICATION IN

As for French companies, investors must digest another round of results:

NYSE Euronext: + 0.02% to 26.78 euros

The transatlantic exchange group NYSE Euronext, which is the subject of two competing takeover bids, posted a net profit of 155 million dollars in the first quarter, up 19% year on year.NYSE Euronext is now convince its shareholders of the merits of his choice to continue on the path of rapprochement with Deutsche Börse, as he rejected the offer-cons, yet higher than 20% of the two U.S. exchanges, Nasdaq OMX and Intercontinental Exchange (ICE).

Saffron: + 6.17% to 25.56 euros (largest increase in the SBF 120)

The group announced on Thursday a rise in its quarterly revenue exceeding its target for the year, driven by activities of aerial and optronics, and reaffirmed its forecast for 2011 and its confidence for the following years.

Eramet: -1.43% to 265.45 euros

The mining group has achieved a turnover of 973 million euros in the first quarter, up 23%, thanks to increases of 35% nickel and 30% in alloys.Its operating income should be at least semi-equal to the corresponding period of 2010 excluding special items, after a surge in sales in the first quarter.

Gemalto: -0.29% to 34.96 euros

World number one smart card noted in the first quarter up 17% of its sales to 444 million euros a year, driven by its main activities. It confirms its outlook for fiscal 2011.

Technip: -2.46% to 74.96 euros

The specialist oil and gas equipment announced better than expected margins in the first quarter and confirmed its overall outlook for 2011.He always aims for this year a turnover of approximately 6,500 to 6.7 billion euros against 6.082 billion in 2010.

Sanofi-Aventis: +0.08% to 53.30 euros

The group released on Thursday quarterly earnings affected by competition from generics, but slightly better than expected and announced that its annual results would be reviewed during the semester payday loans guaranteed no fax. In late March, the turnover came out down 1.5% to 7.78 billion euros, generics that cost him 569 million euros in turnover over the first quarter of 2010.

Suez Environment: + 4.02% to 15.52 euros (largest increase in the ACC)

The group has published performance increase in the first quarter thanks to strong growth internationally, and has confirmed all its targets for the period 2011-2013.The turnover reached 3.514 billion euros in the first quarter, registering an increase of 14.3% (+13.5% at constant exchange rates), while EBITDA was $ 592 million, an increase of 28.6% (+25.6% at constant exchange rates).

Imerys: -0.44% to 52.44 euros

The group announced on Thursday a net improvement in its quarterly results, benefiting in particular the improvement of the construction market in France, said he expected an improvement in its performance throughout the year.Imerys has improved its operating margin by 1.9 points to 13.2% and increased its turnover by 13.7% at constant exchange rates to 882.7 million euros in the first quarter.

PPR: + 1.98% to 120.80 euros

The group saw sales jump 26% in luxury in the first quarter, boosted by a dynamic Asian still as powerful and a brilliant performance in the United States.

Gameloft: + 5.68% to 4.84 euros

The group announced a 20% growth of its turnover in the first quarter of 2011 to 39,500,000 euros.The company anticipates a year again growing at its turnover and profitability.

NextRadioTV: -0.51% to 15.57 euros

The media group has announced a turnover up 14% to 35 million euros, 15.7 million (+15%) for its flagship radio and 10.2 million for its TV division (+25%) . He announces "positive outlook for the first half of 2011."

Technicolor: -1.51% to 5.15 euros

The group announced on Thursday a rise of 15.4% of its turnover to 812 million euros in first quarter (+16.2% at constant exchange rates) and confirmed its targets 2011.

Ipsos confirms its objectives

Ingenico: + 0.91% to 33.10 euros

The group raised its growth target for 2011.It is now targeting sales at constant scope and exchange rates, greater than or equal to 985 million euros, while it had announced a target located between 965 and 985 million euros.

Ipsos: -0.21% to 35.29 euros

The group confirmed its targets for 2011 after recording an increase of 6.2% of its turnover in the first quarter despite the continuing fall in the market for public education in Britain.

Klépierre: + 1.77% to 27.62 euros

The group announced a slight increase in rents in the first quarter, thanks to its shopping centers, despite a slowdown in consumption in Europe.

Unibail-Rodamco: + 0.84% ​​to 156.30 euros

The group has appointed Christophe Cuvillier, former CEO of FNAC and Conforama, the Executive Group property as "General Manager Operations."He replaces Michel Dessolain, board member since 2007, appointed Director General of the strategy.

New field for Total

Total: + 0.96% to 43 euros

The oil discovered in south-eastern Bolivia a major gas field that could initially produce up to 6.5 million m3 per day.

Bioalliance Pharma: 2.48% to 6.20 euros

The group has announced an expansion in Germany and Spain for its Phase II clinical trial of clonidine Lauriad in patients with cancer of the head and neck.

Always on the side of publications, after market, Saint-Gobain, Sechilienne-Sidec, Crit and Vinci will unveil their turnover in the first quarter. Compagnie des Alpes will unveil its second quarter revenues.The results of the first quarter of Sequana, Saft, and Bongrain are also expected.

Eurotunnel, Danone and Plastic Omnium hold their general meetings starting respectively from 10.15, 14.30 and 17 hours.

The CAC 40 in balance before ECB decision

Thursday, April 7th, 2011

While the indexes rose slightly, the Paris Bourse started the meeting at equilibrium (0.01%) to 4048.70 points. Investors refrain from taking a position on the market, before the decision of the European Central Bank, although the likely rate hike is widely anticipated and call for help from Portugal last night reassured that U.S. investors .

Thus, what appeared to be evidence was admitted yesterday by the Portuguese government. In a televised address, Prime Minister Jose Socrates has "decided today to send a request for financial assistance to the European Commission." The country needs 4 billion now and $ 5 billion by June. The situation is complicated by the legal vacuum following the resignation of Prime Minister. The negotiations revolve around and emergency assistance.The EU, however, conditioned its support for an overhaul of public finances in Portugal. Discussions will continue on Friday and Saturday. European finance ministers gather for a meeting should focus on saving the country.

Other key information on European markets: higher rates in Europe, a first for nearly three years, to be announced this afternoon. Eager to curb inflation, the European Central Bank should raise rates a quarter point. Its president, Jean-Claude Trichet, says that this measure will not be the first in a series of rate hikes, but investors do not believe a single intervention without consequences. The Bank of England also held its monetary policy meeting, but the status quo is expected.

Commodities hit record highs

In statistical terms, we will know at 8:45 figures of Foreign Trade (Customs) in France, the spring report on the German economy to 12 and claim weekly unemployment benefits in the United States. Moreover, the Fnaim unveil its quarterly figures on the housing market. Breathlessness is due.

As for raw materials, oil remains at record highs. The price of a barrel of oil surpassed $ 109 for the first time since September 2008 on Wednesday in New York, still supported by the fighting in Libya, plus a weakening of the dollar easy payday loans. As for gold, it touched a new historic high at 1459.07 dollars an ounce.The euro reached a peak of over $ 1.43 from the November 2010 1.4283 dollar and falling at its highest since late January 2010.

Oil stocks followed very

In terms of companies, oil securities (Total, Technip, Vallourec in particular) will be well attended, while gold prices breaking record after record black. The bank will be under the spotlight because of the financial news hosted.

The title EDF also mobilize the attention of investors. A parliamentary report provisional indeed indicates that the electrical lights does not give its subsidiary ERDF resources needed to improve the quality of electrical networks.The mean time to failure of electricity in France has almost doubled in eight years, from 43 minutes in 2002 to 84 minutes in 2010.

Eurocopter, another subsidiary of EADS, should it receive government assistance of 550 million euros, said La Tribune. Moreover, as the branch president of Airbus China, a subsidiary of EADS, Chinese airlines will wait a bit before being seduced by the A380, because they are traditionally reluctant to buy a model early in its development program.

Rhodia Alliance, the association of employee shareholders of the French chemicals group, announced Wednesday that it recommended a friendly takeover offer of 3.4 billion made by the Belgian group Solvay

Five employees of the German subsidiary of Areva are under investigation for corruption, led by the prosecution at Nuremberg.They reportedly paid bribes wines from several tens of millions of euros between 2002 and 2005 to win contracts. Areva NP, a subsidiary of Areva and Siemens, would not be questioned.

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