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Greece threatens to set aside at Air France

Sunday, July 24th, 2011

Much bagaille should be avoided. While seven union stewards and hostesses of Air France had filed a strike notice for the next weekend (July 29 to August 1), the airline has come this Saturday morning to sign the minutes of end of conflict with union representatives. What not to many flight cancellations in the great cross-driven summer from July to August, and escape the nightmare scenario met in mid-July by the customers of Air Algeria. The Algerian company was also affected by a strike of its crews, resulting in the virtual paralysis of European flights to the country.

Whereas yesterday, the agreement has been finally found Saturday afternoon between the airline and the Inter (CGT, CFDT, CFTC, Unac, NPNC and UNSA), resulting in the lifting of the strike notice filed Monday.Only Southern Air has so far not given its approval. The seven organizations representing the commercial crews (PNC) called for the opening of negotiations on the organization of work, especially in the bases in the provinces, but also the medium-haul and long haul. This is now done, the group of Pierre-Henri Gourgeon has agreed to reopen discussions on the new rules of work (rest, compensation) provided to counter competition from low cost carriers.

Reopen negotiations next week

On this point, the flight attendants are opposed to such requirements in the new provincial bases (Marseille and Nice, Toulouse and Bordeaux) and denounce the proposed removal of a sailing aboard the Airbus A319.They are supported in their claims by two minority unions of pilots (SPAF and Alter) who in turn refused to lift their notice for the next weekend. "The company has agreed to supply four A319 in the PNC until September 15," said Philippe Sport at UNSA. If it is impossible to have this number, the flight attendants should receive compensation (rest or premium). For its part, Air France said that the continuation of strike notice SPAF and Alter would have no significant impact on traffic. The reopening of negotiations with the flight crew should take place in the course of next week.

Still, the difficulties are not entirely discarded the French company, far from it. Management must also deal with Algeria-leAir SNPL resumption of talks, the union super majority in pilots.While the SNPL signed to 54% the proposed new work organization. But this time, the battle moves to the front of pensions. The powerful union remains opposed to the proposed reform of the pension fund additional pilots. Where a notice of strike filed this time from August 5 to 8, another busy weekend on the front of air traffic and going on holiday.

Yahoo upgrades its search engine

Monday, July 18th, 2011

Google's competitors do not want to admit defeat. Facing the giant of online search, which controls 85% of the world, his followers rely on innovation and diversification of uses to snatch half points of market share.

In the summer of 2009, Yahoo and Microsoft and had forged an alliance in online search, the first confident marketing and PPC management to the second search engine. Six months after the agreement, Yahoo had enlisted the services of Shashi Seth, a deserter from Google and AOL, as vice president in charge of innovation search engine Yahoo.

"We launched more innovations and new products over the last 18 months than in the past five years, says Shashi Seth Le Figaro. We have succeeded in increasing the number of searches per session and attracted new users. "A success that Yahoo has replicated several major markets, including France, this fall.

Additional income

By giving Microsoft the technical management of its search engine, Yahoo has indeed been able to free up resources to improve its offer vis-à-vis the consumer. "Our strategy is based on three things: first, we build a search engine that provides answers, not just links, details Shashi Seth. Next, we broaden the horizon of research to not only find information for the user but also enable it to act on it, and finally, we focus on the mobile. "

In March, Yahoo has launched Instant Search in the U.S., which can provide results before they have finished typing the question (Direct Search).To be comprehensive, the motor adds to the Yahoo Web pages from the contents of its information categories (sports, finance, local information …). The group also launched an Internet search engine applications which sends its mobile application unearthed from his computer. Finally, Yahoo is working on customizing: eventually, the engine could explore Facebook and e-mail users, whose data are compiled in an index of private content to customize the search results. "Our role is to help users find information wherever it is. We seek to expand the sources of information in a neutral way, "says the boss of innovation Yahoo Search.

These innovations do not only attract users. They also result in additional income."We focus on user experience: if it is satisfied, he returns, will do more searches and clicks on ads more, analysis Shashi Seth. How to monetize that content also changes: before, they sold mostly text links, now it sells more advertising graphics (display) on the search engine. " A format that sells more expensive than sponsored links.

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Good results support Wall Street

Friday, July 15th, 2011

Wall Street opened up Friday, the good quarterly results published by Google and Citigroup offset concerns over the sovereign debt of both sides of the Atlantic. A few minutes after the opening, the Dow Jones gained 0.5% (62.28 points) to 12,499.40, the S & P 500 took 0.6% (7.87 points) to 1,316.74 and the Nasdaq Composite progressed from 0.97% (26.67 points) to 2789.34. Thursday, Wall Street has ended in the red.

The New York Stock Exchange, however, could be subject to significant headwinds on Friday, with one hand the threat of Standard and Poor's rating on the United States and comments from the Fed that has dampened hopes of new measures support the economy, and the other successful companies including Google, which announced Thursday after the close of figures well above expectations.

The issue of U.S. debt should again be a central concern of investors. The negotiations started on the subject by U.S. President Barack Obama with the Republican opposition are currently deadlocked, Republicans a majority in the House of Representatives refused to vote an increase in attacks and demanding that the deficit .

Finally, sovereign debt in the euro area will remain a central concern.No date has been officially given for the planned summit between European leaders to try to stop the contagion of the debt crisis, a blur that weighs more on investor sentiment.

On the foreign exchange market, the euro has stabilized against the dollar at 1.4140 dollars against 1.4141 dollars last night. The euro rose slightly, however, against the Japanese currency to 112.03 yen against 111.89 yen yesterday. On the commodities market in the current context of heightened uncertainty about the public debt in Europe and the United States, gold is looking for: the metal-King reached a new record yesterday to 1594.45 dollars. It flows back slightly this morning.On the New York Mercantile Exchange (Nymex), a barrel of "light sweet crude" for August delivery traded at 96.46 dollars, up 77 cents from the previous day.

On the front indicators, the index of consumer prices declined 0.2% compared to May, seasonally adjusted data, while analysts expected a 0.1% decline, according to their median forecast . The activity of the manufacturing industry shrank in the New York area in June for the second consecutive month, according to the Empire State index released Friday by the central bank (Fed) remained negative at -3.8. Analysts predicted that this index, which had fallen sharply in the previous month to -7.8, ironed above zero, the boundary between growth and contraction.Industrial production is, it, in line with expectations, up 0.2% in June

Google the center of attention

The side of values, Google announced after the close having recorded an increase in earnings of about 36% in the second quarter of 2011, despite investments still rising in the world's leading Internet search. The title wins more than 11% to 591.05 dollars.

Citigroup (2.49% to $ 40) Friday reported a 22% increase in net profit in the second quarter to $ 3.3 billion (2.33 billion euros) against 2.7 billion a year earlier. The third U.S. bank by assets shows a profit of $ 1.09 per share against $ 0.90 a year earlier, while economists were expecting $ 0.96.

The day before, JPMorgan said it had done for the second quarter net income of $ 5.4 billion against 4.8 billion last year. Net banking income rose by 7% over the quarter and 6% in the first quarter to 27.4 billion. The title gives 0.42% to 40.20 dollars

Always on the side of values, Hyatt Hotels (0.13% to 39.32 dollars) has announced the acquisition of a series of 24 hotels and assets attached for about $ 802 million from LodgeWorks and a group of capital investors. The transaction should generate an increase in operating income for the group of about $ 50 million from 2012.

The Board of Directors of Ralcorp Holdings (-1.96% to 84.92 dollars) has unanimously approved the principle of a split between Post and Ralcorp Foods.In addition, the company said to expect an adjusted earnings per share from 1.13 to $ 1.18 in the third quarter.

Also note, the Advisory Committee of U.S. health authorities (FDA) for oncology pharmacy issued a recommendation unanimously in favor of an accelerated approval process for Adcetris, a drug from the laboratory to Seattle Genetics treat Hodgkin's lymphoma. The title gives up 11.21% to 18.05 dollars.

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The euro zone no longer excludes a "partial failure" of Greece

Wednesday, July 13th, 2011

While markets plunged Monday on fears of contagion from the debt crisis in Europe, central bankers in the euro area have tried to reassure. "This is to resist the risk of contagion" in Italy, which seems to be the new target markets, or to Spain, and "maintain financial stability in the euro area," said the head of the Eurogroup Jean-Claude Junker. Europe and the tent she set up a second country assistance plan, and in this context, the working group to find a solution to save the country from bankruptcy does no longer a " partial default "of Greece.

Late Monday night, the finance ministers of the euro area, following a meeting that lasted nine hours, have launched a series of runs measures: they were willing to increase the size of the Financial Assistance Fund , now has a lending capacity of 440 billion euros.They are also considering a "lengthening of maturities of loans" made to give more time to countries in difficulty to repay their debt and reduce interest rate loans to Greece. Other measures are also being considered to "improve the sustainability of government debt." But no specific plans to support the country, however, has been announced. What angered the Prime Minister George Papandreou who believes that "there is no room for indecision and errors", and regrets that European leaders are indulging in "cacophony". And even more disoriented European stock markets.

For its part, the executive director of the International Monetary Fund, Christine Lagarde, said she, that the effort of Greece to reduce its budget deficit is still "not enough". The patron of the institution has also sought to reassure over Italy cash advances pay day loan.While the surge in borrowing rates to 10 years in Italy has shown concern on the situation of the country, Christine Lagarde said that "some of the Italian figures are excellent." She added that "it is clear that Italy is currently facing problems which are essentially driven by the markets." Former Economy Minister further stated that the rating agencies' role "without elaborate. These are singled out: besides the Brussels wants to silence forbade them to assess a country subject to an assistance plan.

The international community "can not save Spain"

But nothing works. Markets are not satisfied and the stock markets tumbling again Tuesday morning. Bank stocks have been particularly affected. In Madrid, the Ibex index lost more than 2%.The Spanish Minister of Economic Affairs, Elena Salgado, said Tuesday he was "not logical" that Spain and Italy are "affected by market volatility," because their economies are "strong and diversified. " "If we are able to transmit the determination that we all, markets should reasonably calm down," she said.

But markets, they do not see things this way: "While the international community can save Greece, Ireland and Portugal, it will not save Spain, too important contributor to the euro area" , said Monday Laurent Geronimi, director of rate management at Swiss Life Private Banking.

Bourget: the ongoing battle between Boeing and Airbus

Tuesday, June 21st, 2011

Day Two at Paris Air Show. Orders continue to rain, sometimes for the European Airbus, Boeing now for … and then the other aircraft manufacturers such as Embraer and Canadian Bombardier. Yesterday, for its opening day, is Qatar Airways has started the ball rolling by signing orders for six Boeing 777-300 long-haul ER for a list price of $ 1.7 billion.

In all, more than 200 aircraft were sold for a total of about $ 26 billion. By late afternoon, Airbus was able to engrager firm orders for 142 aircraft, for a total of $ 15 billion (10.4 billion euros) on the paper.His great rival Boeing for its part showed orders for nearly 40 aircraft and nearly $ 11 billion.

On Tuesday, John Leahy, commercial director of the European aircraft manufacturer, is pleased to have received 544 commitments for the A320neo which should enter service in 2015: "We said earlier this year that we would get 500 orders (for A320neo) by the end of the Paris Air Show. We achieved this goal with three days in advance, "he said.

• Airbus (EADS)

– The low-cost airline IndiGo Indian could confirm an order Wednesday's historic $ 16 billion on Airbus 180 aircraft, according to Reuters.

– CIT Leasing has signed a memorandum of understanding to buy 50 Airbus family A320neo.This command, which has yet to be confirmed, reached $ 4.6 billion at list prices only.

– The U.S. airline JetBlue Airways is about to buy 40 Airbus family A320neo, told Reuters in an industrial source. "An announcement will be made during the day," she said.

– Garuda Indonesia has signed Tuesday a memorandum of agreement to purchase 25 Airbus A320 Family aircraft, including 10 A320neo.

– The Taiwanese company Transasia Airways has ordered six Airbus A320neo. This order represents $ 600 million based on list prices.

• Boeing

– Aeroflot has ordered eight 777-300ER personal loans for bad credit. Based on list price, this order represents $ 2.3 billion.

– The low-cost airline Norwegian, major competitor of the Scandinavian airline SAS, has ordered 15 medium-haul Boeing 737-800 aircraft for $ 1.2 billion at list prices. Norwegian has also finalized the purchase of three long-range 787 "Dreamliner" in response to an intent to purchase that was announced in May.

– Malaysian Airline System (MAS) announced Tuesday it had exercised its purchase option on 10 Boeing 737-800. Malaysian airline said that this command was more than $ 800 million based on list prices. So far Boeing has awarded this order to a customer not identified in its list of 2011 contracts.

– The Mongolian airline MIAT Mongolian Airlines has ordered two aircraft the Boeing 737-800 Next Generation aircraft and 767-300ER for a comprehensive list price of $ 245 million.

• Bombardier

– The Swiss company VistaJet, which specializes in business aircraft, has ordered 10 units of Global 8000 for a list price of $ 650 million.

– The South Korean airline Korean Air has signed a letter of intent to acquire up to 30 Bombardier CS300, including the outright purchase of 10 aircraft.

• ATR

– ATR, a joint venture between EADS and Finmeccanica, announced Tuesday it had garnered 78 firm orders and 32 options from the beginning of the year, for a total of $ 2.4 billion.Turboprop aircraft manufacturer has unveiled its second control room, from the Brazilian airline Azul Linhas Aéreas ATR 72-600 for 10 to nearly $ 227 million.

• Comac

– The Irish company Ryanair low cost will help the Chinese manufacturer Comac to develop its medium-haul C919, to be marketed in 2016, when she was broken in late 2009 negotiations to purchase medium-haul Boeing.

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United States and Europe to equality before the financial crisis

Thursday, June 9th, 2011

The postman always strikes thrice. After Standard & Poors, which last April, had deteriorated from "stable" to "negative" view of U.S. Treasury debt and Moody's last week, it was the turn of the rating agency Fitch 's worry about the state of public finances. This new warning shot has been received with a certain coolness in the financial markets. Neither the dollar nor the yields of Treasury bonds have really responded. The greenback has recovered even vis-à-vis the euro, while flexing against the Japanese yen and Swiss franc, which are now designated as safe havens.

The reason is that the warning of the three rating agencies is aimed mainly at American politicians."There is an increased risk that the White House and Congress fail to agree to raise the debt ceiling," Standard & Poor's had estimated a month ago and a half. Fitch takes this same vein, fearing a "governance crisis" in America.

Somehow the Old Continent and the United States now find themselves tied. On the European side as they felt the injustice of sovereign debt crisis that has raged for over a year now.

For the euro area figures are "much better" than the U.S. federal government, continue to remind Christine Lagarde and Jean-Claude Trichet, whether deficits (respectively 4.4% and 10 , 8% of GDP in 2011) or the importance of debt (87.3% of GDP and 99.5% by the other side of the Atlantic).

The argument was certainly largely specious, since the European Monetary Union is not a political federation Low fee payday loans. It is therefore appropriate that the financial markets address the weak links in the club (Greece, Portugal or Ireland). And here is the political will of member countries of the euro area, their solidarity, which is on the spot.

A recovery "desperately slow"

In a different institutional context, the cohesion of the United States is, too, on the grill.Not the Federation itself, but the coexistence of a democratic government and a Republican majority in Congress, even less inclined to make reciprocal concessions that 2012 will be a presidential election year. "There is a risk that the electoral timetable in the United States, France and Japan and possibly elsewhere, may complicate the implementation of policies (fiscal consolidation), had also warned the IMF in its meeting in April.

The political equation of American public finance is even more delicate than the economic, monetary and financial seems more uncertain than ever. Ben Bernanke, the Fed chairman, the Central Bank, acknowledged Tuesday that the takeover was "desperately slow", arguing for a "monetary policy accommodative." This means keeping interest rates low.

But the extension of quantitative measures and Others sing beyond June 30 this seems to be excluded. In other words, the Fed will stop its purchases of Treasury bills, while last fall she has covered 70% to 80% of paper issued by the federal government to finance its deficit. This means if the injunction of credit ratings agencies must be taken seriously.

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60 billion new aid for Greece

Saturday, June 4th, 2011

Horizon Financial Greece cleared with the finalization of a new rescue plan, estimated at between 60 and 65 billion euros by 2014, involving the eurozone, the IMF, Greece and banks. Following a meeting with Greek Prime Minister, Luxembourg, the head of the Eurogroup Jean-Claude Juncker, announced Friday, "an additional funding of Greece, in exchange for strict conditions."

For their part, the emissaries of the "troika" (EU, IMF and ECB) gave the green light Friday to pay "probably early July," the fifth installment of the loan of 110 billion made last year or 12 billion euros. Troika calls in return an "acceleration of structural reforms and budget."

Details of the new support plan for Greece were not disclosed, but the broad outlines are known.Half of the envelope will come from new loans in the euro area (20 billion) and IMF (10 billion). A quarter of the effort will fall to Greece. The rest will be borne by the private sector "on a voluntary basis," said Jean-Claude Juncker Friday.

Clearly, banks will, as requested by Germany, commit to maintain their exposure to the country's debt, probably by buying securities with the maturity of their loans. The financial effort required for the private sector will not be minor. It should be about 15 to 20 billion euros, according to European sources.

Expected new sacrifices in Greece

"On this basis, it is clear that there will be no exit from Greece to the euro area, there will be no default," assured the head of the Eurogroup.On Friday, the markets welcomed the news: Greek bond yields were down sharply, the Athens Stock Exchange hit a record high at over 4.42% in the afternoon, while the euro climbed to $ 1.46, the highest since the beginning of the year.

Financiers, however, remain cautious, particularly about the involvement of banks forced march. "It is unclear what kind of incentives will persuade investors to buy debt Greek long-term interest rate close to that of Greece itself does not," note analysts at Capital Economics . Friday, Jean-Claude Juncker has ensured that Greece was ready to create a privatization fund, which should give lenders insurance on collateral.

Greek side, the counterparty to the new rescue plan is far from painless. The state has undertaken to save 6.4 billion euros more by the end of 2011.These include new sacrifices, among others, greater downsizing in the public service cuts on wages, hardening the fight against tax evasion, the VAT increase from 13 to 23%.

If the government breathing, public opinion, she continues to cry out his despair. "New loan means more rigor" resumed Yannis Panagopoulos, the union president of the private (GSEE). "We sell the country's heritage and we bled the people is a crime. And this is only the beginning. The consequences will be terrible "carried away there. Several thousand people are expected in the streets of Athens on Saturday.

Smart put on the agreement with Renault

Wednesday, June 1st, 2011

After holding the position of sales manager of Mercedes in Europe, Annette Winkler, 50, agreed last September a big challenge, taking the direction of Smart. For if, in the automotive division of Germany's Daimler, sales of the brand with the star jumped 15.3% last year, they have instead of Smart fell by 16.6% falling below the 100,000 copies (97,500).

Main challenge, launched in 2007, the current ForTwo, which "is in the middle of its life cycle has not been renewed recently, the boss says Le Figaro Smart. Since the shutdown of the Roadster (end 2005) and the Forfour (2006), this small two-seater declined in coupe and convertible is the only model in the range.

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Saab divorce Hawt

Thursday, May 12th, 2011

It was an ideal solution to address the financial situation of Saab, whose factories are shut down since the beginning of April. Under the agreement signed in Beijing on May 3 last year, the Chinese carmaker Hawt should be made to the Swedish brand, owned by Dutch Spyker, the 150 million euros needed to boost its production and pay suppliers.

But the agreement was canceled Thursday Spyker said in a statement. "Since Hawt was unable to obtain necessary consents from its shareholders, both parties are obliged to cancel the agreement," said the document, noting that the two companies will lead discussions for possible cooperation "without being exclusive."

The spokesman for Saab Gunilla Gustavs, gave no details about the role of the report of the Embassy of Sweden, published on May 5 in the cancellation of the agreement between the Swedish brand and the Chinese producer. "Work continues to ensure funding in the short term and medium term," she said in comment on the decision of Spyker. "No deadline has been set for the discussions, but to reach an agreement remains our top priority easy payday loans."

Another Chinese group in the partnership

Hawt Motors automotive group was surprised by the decision of rupture. According to statements obtained by Xinhua, the marriage between Saab and Hawt was taken too Quickly.

But while Saab would not be lost. A partnership between the Swedish manufacturer, Hawt Beijing BAIC and the producer would be considered.According to a press Hawt, "it goes beyond a simple strategic partnership, promoting a common technology, which could further develop the production." For its part, Reuters says that the Chinese automaker Great Wall would still be interested in investing in Saab.

Following the cancellation of the agreement, analysts in the automotive sector, concerned about the future of the Saab brand. Tom Muller, an analyst Theodoor Glissen, announced that during the first three months of 2011, Spyker has spent nearly 70 million euros to keep the brand afloat. "The group lives on a daily basis, and not because he has no funds to meet future orders. It is already making money from its suppliers.

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The majors of the black gold reconnect with the super-

Friday, April 29th, 2011

It's a good week ending for large oil companies. Alternately, the ExxonMobil, Shell and BP have announced excellent quarterly results, driven by inflation of a barrel. Friday, Total and Chevron have completed this list of "super-" the French group has a net profit of 3.9 billion euros. Enough to power once more controversy when fuel prices are stealing record after record. Currently, a liter of super unleaded costs an average of 95 € 1.53 in France. And Christophe de Margerie, Total's chief executive, has incurred the wrath of the Elysee Palace after stating that the milestone of 2 euros was in the order of things.

Click on image to enlarge.

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