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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 false espionage affair cost $ 11 million to Renault

Saturday, April 9th, 2011

The false espionage affair may be very expensive for Renault. According to a survey published tomorrow Marianne, the three executives dismissed wrongly claiming the automaker between 2.4 and 3.2 million euros for moral prejudice. Unprecedented amounts, with the exception of the 45 million euros paid to Bernard Tapie in connection with the Credit Lyonnais case, and in addition to statutory compensation and unfair dismissal. In total, the addition to the builder could climb to 11 million euros.

The three executives, who made between 12 and 32-year career at Renault, has already received compensation law: 480,000 euros for Michel Balthazar, 200,000 euros and 50,000 euros Bertrand Rochette Matthieu Tenenbaum, according to Marianne.He will also receive compensation for wrongful dismissal amounting respectively to 750,000 euros, 500,000 euros and 120,000 euros.

Abuse of social good or tribunal

Each also claims are moral damages, which are considerably higher than these amounts.Michel Balthazard require 3.2 million euros, Bertrand Rochette 3 guaranteed approval cash advance loans.5 million euros and Matthieu Tenenbaum 2.4 million euros.

As for Philippe Clogenson also dismissed under an earlier anonymous tip, the same type as that which launched the pseudo-espionage, he could rejoin the group with a salary higher than previous financial compensation to approximately 300,000 euros.

Renaut now faces a dilemma: if the group agrees to pay the sums demanded by executives wrongfully dismissed, "she takes the risk, in turn, be a complaint for abuse of social good," writes Marianne. "Conversely, if Renault refuses to bow to their financial demands, the company takes the risk of sounding prud'hommal trial and a new media campaign, terrible for the image of the brand and, most importantly, for its CEO. "

The decision could be taken at a meeting of the Board extraordianaire Renault scheduled April 11.

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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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The generics market holds promise

Wednesday, April 6th, 2011

Of the four segments that constitute the market healthcare industries today, only the traditional pharmaceutical companies are lagging behind. Growth by 2013 will not exceed 4% per year, experts say Pictet. In contrast, biotechnology (which create drugs based on life), medical devices and surf the generic growth outlook by 10% to 20% per year.

Biotech and medical devices are carried by innovation, so that generics are just carbon copies of traditional medicines. But this lack of creativity allows them just to reduce their costs and selling prices, which is considered a boon to almost anywhere in the world today.

In developed countries, generics allow states to reduce the cost of health.China, India and other emerging countries, they benefit from the gradual increase in incomes of the population. The growth of generics will also accelerate in the coming years due to falling patent protecting blockbusters.

Between cholesterol Lipitor from Pfizer, AstraZeneca's Nexium ulcer or Lantus from Sanofi against diabetes, the equivalent of "150 billion of branded drugs lose their patent in the next five years, provide the managers Generics Pictet fund. Added to the health reform in the United States, measures the Japanese government to double the share of generics in the country by 2012, this movement should be the global market for generic almost 135 billion dollars of 2015.

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ATR aircraft pound rose against breast cancer

Tuesday, March 8th, 2011

It will not go unnoticed on the tarmac! The ATR 72, which is now entering the fleet of the Brazilian carrier Azul Linhas Aéreas, wearing a pink livery. Similarly, in the cabin, the color pink is dominant near the gray. ATR, the world leader in regional aircraft propellers, book the unit this morning during a ceremony in Toulouse.

The date is not by chance. The two companies have chosen the framework of International Women's Day because the color pink symbolizes the plane mobilization for the fight against breast cancer. "It is a scourge which, in Brazil alone, strikes 60,000 women annually and kills 12,000," said a spokesman of the low cost airline in Brazil. In France, there are 52,000 new cases and 12,000 deaths."We decided to engage with ATR who accompanied us," he says.

Last July at the Farnborough Air Show, Azul announced the official signing of an order for 40 ATR-600 new generation. The ATR rose is one of the first aircraft delivered. It will enter service next week and will serve 15 destinations in Brazil from the base located at Azul International Airport Viracopos-Campinas, 90 km from Sao Paulo. "These two cities are very large medical centers," added the spokesman of Azul. The unit will focus on its flanks Femama the logo, a Brazilian association non-profit committed to the fight against breast cancer.

For his part, ATR is mobilizing its suppliers alongside Toulouse, the "pink city".The manufacturer and its partners will collect funds to finance one day screening for breast cancer in Toulouse as part of the international campaign "Pink October". Least occasionally, the manufacturer undertakes to support the city's research. Toulouse is the seat of the new cancéropôle and center of excellence in research against cancer.

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China revises growth forecast downward

Sunday, February 27th, 2011

Analysts had forecast a conservative for the year 2011 China. The least we can say is that it is a mild understatement. Enjoying a meeting with users at the Forum on China Internet, Chinese Premier Wen Jiabao Saturday set a growth target of 7% per year for five years as part of its Five Year Plan (2011-2015 ).

Even if this economic downturn was more or less expected, experts do not expect certainly that this goal is less ambitious than the 8% that Beijing has used to determine. In these difficult times where soaring oil prices could threaten global growth, it is obviously not good news for the economy in general and for French and European companies which derive a large part of their sales in China.

Call for protests

But now the priority for Beijing and all the other capitals is no longer emerging growth but the fight against inflation. Including rising food prices, housing and basic necessities. "The rapid rise in prices in China has affected social stability," Wen Jiabao said at the forum, which is reassuring. So much so that the Chinese were expected to gather every Sunday in thirteen cities in China to 14 hours local time (7:00 am Paris time) to ask for more open government and freedom of expression.

"The only risk is concern that China is social unrest," said the figaro.fr, Astrid Fredericksen OFI AM. At the time when the country was about to realize a growth of 10.3%. "You can undoubtedly contain inflation," Wen Jiabao tried to reassure easy payday loans."The Chinese leadership is very proactive and know better manage bubbles than their American counterparts." Says Xavier Linsenmaier, manager at Acropole AM.

"A rising yuan would bankrupt many companies'

On the yuan, China has made the revitalization of domestic demand as a priority, the country is necessarily interested in that trade are increasingly denominated in yuan. And therefore the currency appreciates. But conversely if too strong, it would penalize exports. Premier Wen Jiabao has once again swept the critics of western countries who believe the Chinese currency is undervalued and gives China an unfair advantage by boosting its exports."A substantial increase in the Chinese currency would lead to bankruptcy or closure of many businesses, the loss of orders from other countries for foreign trade companies, and unemployment for many workers in addition to our migrant workers," Has he said. According to the U.S. Treasury, the Chinese currency has appreciated 3.7% against the dollar between mid-June to late January. It is not enough, answered his critics, who deem the yuan undervalued by 20% to 40%.

This economic slowdown in China more than expected and the rise of social protest could well benefit the United States or Europe. "Investors are starting to shift away from emerging markets. The risk profile of these markets resurfaced, "said one analyst.

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Sanofi-Aventis is the remedy to afford Genzyme

Wednesday, February 16th, 2011

It's official: Sanofi-Aventis buys U.S. biotech Genzyme. The laboratory has improved its last offer, which was to expire at midnight yesterday after being launched on October 4 and extended twice. The two parties reached an agreement and the offer will end on March 16 upgraded.

Sanofi-Aventis and will spend $ 20.1 billion in cash (or 14.9 billion euros) to acquire the worldwide leader of rare diseases. An amount equivalent to $ 74 per share, or 5 dollars more than originally proposed. Genzyme shareholders will also receive certificates of conditional value (CCV). The latter could result in additional payments if the biotech meets certain sales targets.Security holders may receive up to $ 14 and additional action if sales Lemtrada, a drug used against leukemia that Genzyme is trying to certify against multiple sclerosis, achieve the goals most optimistic.

In financial terms, Sanofi-Aventis believes that the transaction would increase earnings per share of 0.75 to 1 euro by 2013. The Group Chief Executive, Chris Viehbacher, adds that the merger "should be accretive in the first year, in other words that the approximation should have a positive impact on the Group's profitability in the first year while the transaction should be completed in the second quarter of 2011.

Genzyme will be a new growth driver

Sanofi-Aventis also focuses on the strategic dimension of this approximation.According to Chris Viehbacher, the operation "will create a significant new growth platform for Sanofi-Aventis by expanding our presence in biotechnology." The lab also intends "to Genzyme's global center of excellence for rare diseases."

In terms of Genzyme, the title earned 3.53% to 74.30 dollars at the close of Wall Street yesterday in preparation for this announcement and before publication of its annual results on Wednesday. In 2009, the biotech had achieved a turnover of 4.5 billion. Its activities are an important growth driver for Sanofi-Aventis, faces competition from generic drugs.

Furthermore, the reorganization of groups is running. Sanofi-Aventis has already indicated that the CEO of Genzyme step down but retain an advisory role on the transaction.Remains to be seen what any other restructuring induced by this marriage.

In early trading, Sanofi-Aventis under the lead of more than 2.4% and signs and the largest increase in the CAC 40. The benchmark index of the Paris Bourse rose by 0.4% to him.

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Facebook raises $ 1.5 billion

Sunday, January 23rd, 2011

Rumors say so true. Facebook, the community site that boasts more than 500 million active members, confirmed in a statement increased its capital by 1.5 billion dollars (1.1 billion euros), which was made on the basis a recovery group of about 50 billion dollars (36.7 billion euros). The investment bank Goldman Sachs has coordinated the operation.

As stated in Facebook, the transaction was done in two stages: first, last December, the shareholder of Facebook Digital Sky Technologies (DST), together with Goldman Sachs and a fund managed by Goldman Sachs, invested $ 500 million in common shares. Then an offer was oversubscribed to customers outside the United States of Goldman Sachs, in a fund that has invested $ 1 billion in common shares.

Facebook wants to reinforce its dominant position

The direction of Facebook is evasive about the use being made of that sum. "Our business continues to perform well and we are pleased to strengthen our cash with this new financing, says CFO David Ebersman. We now have greater financial flexibility that will allow us to explore any opportunities that we will be offered. In a statement, Facebook said also to have no "immediate plans" to use this sum but will continue to "expand its operations."

According to observers, the group will seek to strengthen its position in obtaining advertising revenue against direct competitors such as Google and Yahoo.

More financial information in 2012

In addition, the site of Mark Zuckerberg should start to publish financial accounts at the latest by April 30, 2012, which can be interpreted as a first step toward an IPO. At this level of valuation, Moreover, this is one of the most important marketed in the technology sector of the U.S. stock market history.

Facebook is anyway back to the wall. U.S. authorities require a company to disclose certain financial items as soon as its number of shareholders exceeds the threshold of 499. Now in its news release, the community site announcement that it should exceed the 500 shareholders "in the course of the year."

According to a document distributed by Goldman Sachs to potential investors, Facebook has posted a net profit of 355 million dollars (260 million euros) over the first nine months of the year on a turnover $ 1.2 billion.

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United States: the Fed sees signs of improvement

Thursday, January 13th, 2011

The U.S. central bank (Fed) is more optimistic than usual. In its Beige Book, released Wednesday, she believes that U.S. economic growth has been stronger in recent weeks of 2010. "Economic activity continued to show moderate growth from November to December," she says. At the end of the year the economy grew in all regions of the country, the statement added.

The manufacturing sector, in particular, has taken over the whole territory, according to the report, made on the basis of information supplied by the twelve regional branches of the Federal Reserve. Retail sales in the holiday season in 2010 appeared higher than in 2009 and "in some cases higher than expected."

The situation of the banking sector is more mixed across regions, having recorded some increase in loan applications stronger than others.

Real estate remains worrying

The Fed does not, however, falls in the euphoria. Most of the leaders' positive views on the future "but remain" prudent " payday loans with no fax. The main concern remains the housing market, which remains "low" throughout the country. Moreover, GDP in the third quarter of 2010, which grew by 2.6%, ahead at a rate too low to consistently lower the unemployment rate, currently at 9.4%. Ben Bernanke was also explained to members of Congress last Friday, it would take "four to five years" to see the unemployment rate back to its normal level, around 6%.

However, leaders of the Central Bank do not despair.They note that "the labor market appears to have strengthened somewhat in most areas." On Wall Street, investors appreciate this latest news without euphoria, however: the Dow Jones climbed 0.76% to 11,763 points just after the announcements.

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The CAC 40 is supported by EADS and the bank

Wednesday, January 12th, 2011

In the wake of Wall Street and Asian stock markets, the Bourse de Paris wants cautious on Wednesday. At the opening, the CAC 40 rose 0.23% to 3870.79 points.

On Tuesday, the CAC 40 moved closer to the 3900 clearly points to 3861.92 points (1.58%), supported by bank stocks.

This caution is linked to the wealth of economic news in France, Europe or the United States.

Portugal is launching its first issuance of long-term debt this year, considered a test of the ability of countries to finance markets. The Management Institute of Public Credit (IGCP) has planned a double issue of Treasury bonds maturing in October 2014 and June 2020 for a total between 750 million and 1.25 billion euros.

Public deficit down slightly

In France, two indicators were on the agenda: the current account deficit rose to 4.2 billion euros in November.In addition, the budget deficit declined slightly to 140.7 billion euros at end-November (cons 141 400 000 000 a year earlier). The government expects to end 2010 on a budget deficit of 149.7 billion euros, a record.

Industrial production in November of the euro zone will be published at 11:00.

Finally, the U.S., investors will follow the import prices in December (1430), the weekly inventory of crude oil (16.30), the figures of budget execution in December (20 hours) and the Committee meeting monetary policy the Fed (20 hours).

Bank stocks well surrounded

On the currency markets, the euro back above the $ 1.30 just before the opening of the Bourse de Paris: The single currency traded at 1.3012 dollars (+0.29%).It is stabilized against the yen at 108.03 yen.

On the corporate side, the reaction of bank stocks to launch bond issue of Portugal was expected. Natixis gaining 1.14% to 3.64 euros, Societe Generale climbed from 1.32% to 40.94 euros, BNP Paribas rose 1.38% to 48.59 euros and Credit Agricole takes 1.73% to 9 78 euros.

RBS Sempra Commodities will sell assets at Societe Generale, which will pay in cash, RBS said on Tuesday. The British bank did not disclose the amount of the transaction, but said that the assets sold were not quantifiable value.

Historic order for Airbus

EADS: 4.48% to 20.97 euros (largest increase in the CAC 40).

The main low-cost Indian carrier IndiGo has committed to buy 180 Airbus A320s, of which 150 copies of its new version remotorisée Neo, for a total estimated at $ 15 payday loan lenders.6 billion based on list prices. According to Airbus, a subsidiary of EADS, it is "the firm contract for the largest number of aircraft in the history of civil aviation."

Also at 11:30, EADS will take stock of 2010 and present its outlook 2011.

Sodexo: -0.88% to 52.75 euros

Sodexo confirmed Wednesday its annual targets and announced for the first quarter of fiscal year 2010-2011 offbeat, organic growth in sales of 4.7%.

Hermes: -0.06% to 159.90 euros

In the case between LVMH Hermes, the manager of the saddle, Patrick Thomas, said Tuesday night told AFP he was "serene" face to appeal to be lodged by the Association for the Defence of Minority Shareholders, chaired by Colette Neuville.

Iliad: -1.97% to 78.05 euros

The founder of Iliad, Xavier Niel, sold at 77 euros per share, or 1.3% of the capital provider of Internet access, which remains the largest shareholder with 62.7%. The investment has focused on 700,000 shares, totaling 53.9 million euros.

Renault must file a complaint on Wednesday

Renault: 0.73% to 49.7 euros

Renault will file a complaint Wednesday in the case of alleged industrial espionage aimed at three of its officers, after a series of interviews prior to a dismissal which took place Tuesday between management and employees in question.

Sanofi-Aventis: +0.41% to 49.64 euros

The CEO of Sanofi-Aventis said he did not know how far he would go in its discussions on the purchase of Genzyme. For his part the General Manager of Genzyme declined to comment on his discussions with the French pharmaceutical group after the presentation of its quarterly revenue.

Technip: +0.18% to 74 euros

Technip said in a statement that a consortium comprising two subsidiaries in Angola has won contracts to supply umbilicals to develop an oil field in deep waters.

Michelin: -0.41% to 53.8 euros

Analysts of the British bank, HSBC, would lower their recommendation on the title of the automotive supplier Michelin to "underweight" cons "neutral" before, according to market sources.

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