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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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Bonduelle Green Giant would swallow

Wednesday, December 15th, 2010

Bonduelle would be watching on Green Giant. In any case, this suggests that the newspaper Les Echos on Wednesday morning in his columns. According to the newspaper, if the U.S. company General Mills, the parent company of Green Giant decides to strengthen in the dairy rachetantYoplait currently for sale, he will want to separate from vegetables.

And the first on the stroke would Bonduelle, who is interested in doing more in the United States, anticipates Les Echos. "But not at any price," warns Christophe Bonduelle, CEO of specialist vegetables.

Source: Bonduelle.

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SNCF TGV fares "for all"

Sunday, December 12th, 2010

"Our fares TGV must be accessible to all." In an interview with Journal du Dimanche, Guillaume Pepy, SNCF boss, so promise lines tickets remain affordable despite the signing on Monday of an agreement with the State that provides for a rate increase TGV.

This agreement will establish "a tax on the TGV, a levy on profits from the station and a tax on toll roads" to finance the "trains of balanced land", these lines interregional deficits, which are neither TGV or regional routes.

SNCF had received in exchange for this agreement, permission to set rates more freely of its TGV. "We work so that the impact on rates is limited. We are in talks.These should be completed around the second half of January, "said Guillaume Pepy.

Last week, Secretary of State for Transport, Thierry Mariani, had sparked controversy by expressing sympathy for an increase "quite reasonable" rates TGV, taking into account inflation.

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Blocked ports: truck against the risk of fuel shortages

Monday, October 4th, 2010

While the tanks of petrol stations have run dry Corsican, the government allowed Sunday circulation of trucks. This is to prevent the blockage of the oil terminal port of Marseilles leads to fuel shortages. "No shortage is feared for the moment" on the continent, it was attempted to reassure the Department of Ecology. "The order is simply a precautionary measure to prevent possible supply voltages.

According to the decree of the Ministries of Interior and Ecology and Transportation, allowing trucks to drive should help "alleviate, if appropriate preventive, inadequate supply of gas stations, warehouses or storage of hydrocarbons and industrial sites, which may result "of the strike affecting the Lavera oil terminals and Fos-sur-Mer.

Shortage of Corsican

In Corsica, the situation is much more critical.The main towns on the island of Beauty are now short of diesel, used by most drivers. To bypass the blocking port of Marseille, a boat was chartered by oil companies to supply via Corsica Sardinia, Italian Island nearby. He should be back Wednesday.

In the meantime, the traffic jam outside the gates closed the port of Marseilles. Under the direction of the port, "3 chemical tankers, gas 9, 11 and 13 crude oil tankers refined, 2 barges" are stranded. The Fos-Lavera oil pipeline supplying six of the twelve French refineries. In the past, "the logistical situation is a bit more tense than usual," admits one to the Department of Ecology and Transportation.

Period of one to two weeks

The hexagon has still not yet reached a critical threshold, according to authorities and oil companies."No difficulty in procurement of refined products is currently expected, because even the refiners that are no longer serviced have a stockpile of crude they can turn," the ministry said.

However, if the strike continues, refineries powered by Marseille arrive short of reserves and "likely to stop producing completely within one to two weeks," according to Jean-Louis Schilansky, president of the Union French oil industry. The CGT said that the movement was renewed for 48 hours next week.

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Pensions opening for women

Friday, September 17th, 2010

Pension reform is barely passed first reading in the House that the Senate already reflecting the improvements will be implemented. Driven by Nicolas Sarkozy, who assured Tuesday that it would have a "margin" to amend the text, elected Upper House would like to improve the draft law on two aspects: the postponement of retirement age 65 to 67 years and taking into account the strain at work. The goal? "To reform the fairest possible," insists its chairman Gerard Larcher.

The first relaxation which reflect the majority of senators, with the approval of Gerard Larcher, aims to enable women to continue to receive full pension at age 65, not 67 years as provided by law.The mechanism under consideration is the book that progress to parents-fathers and mothers, so that the provision be deemed discriminatory, three or more children who have interrupted their careers. So, in fact, for women only.

"We will discuss the issue of women with the senators," Does it confirms the Department of Labor, declined to comment further. "There may be adjustments for certain categories between 65 and 67 years," says one at the Elysee, but without mentioning the case of women with three or more children. Such a provision could affect tens of thousands of women and cost $ 500 million per year to run.It would have the big advantage to please the unions, including the CFDT, and opinion, largely opposes the decrease in terminal 65.

Second softening of UMP senators are considering allowing the creation of early retirement in areas that have negotiated agreements for hardship. The idea, already suggested by Mr Denis Jacquat and Pierre Mehaignerie, is simple: the branches and business-as-Rhodia has already done that have concluded agreements on the adaptation of workstations at the end of career employees who have been exposed to heavy work may allow them to retire at age 60 payday loans. And without that disability rates have been found.If passed, this openness demanded by the unions could eventually cost 400 million euros per year.

Respect envelope

For now, the Ministry of Labour denies working on this, already rejected in the Assembly. "We did not refuse to allow the members to Senators, contends the near Eric Woerth. The text voted by the Assembly, which has already evolved considerably in the direction of women and workers, is now at an equilibrium. It is more inconceivable to recreate early retirement financed in part with public funds. "No," we also at the Elysee, where it says that this option was never even discussed with senators. "You study it," says Baron, however, a majority.

There remains the question of financing these hypothetical measures."The head of state senators said that they will meet the overall reform," says Will we at the Elysee. So do not invent devices that would increase the need for short-term financing plans. "It could bring a little tax on bonuses and stock options, or shift one or two years for the return to equilibrium," suggests a majority leader. "We do know the solutions found until mid-October and the government will not disclose any of them before," says one at the Elysee. Except to send some trial balloons before, to test the reaction of public opinion and unions.

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