Posts Tagged ‘blogs’

Employment: youth have been quite resilient to the crisis

Posted in features, news, resources, technology, world by admin on May 17th, 2011 | Comments Off

The Center for Strategic Analysis (CAS) will publish tomorrow Tuesday an interesting note on employment and unemployment among youth. "After much reduced between 1995 and 2008, youth unemployment has not been more sensitive to the crisis in France than in the average OECD country," says the CAS.

The number of under 25 unemployed has increased by 4.3 points in France in 2008-2009 to 23.2%, against an increase of nearly 6 points in the OECD countries.Nevertheless, France still exceeds the three-point average of industrialized countries and is located "halfway between countries that have rates two to three times lower, as the Netherlands (7.8%) and Germany (8.3%) and those where they are approaching double the average, like Spain (43.1%) or the Baltics. "

If the best trained are best protected, the higher qualification of youth did not prevent their conditions of entry into active life to deteriorate. One third of 15-24 year olds have jobs of limited duration, against 11% of all employees. "There is no single answer to youth unemployment, otherwise we would have found it," insists Vincent Chriqui, head of the CAS.

No "youth minimum wage"

Former Plan Commissioner made four proposals in line with government policy no teletrek payday advance.He suggests "developing a wide range of alternative tools to schooling 'for 200,000 young" dropouts "listed by year: alternate pathway" second chance ", strengthened support … To further reduce the number of young people without qualifications, CAS argues that "the development of learning is more beneficial than in the past for training of secondary education." It should even be "a shared priority" prefects, regional councils, presidents or partners.

To reduce labor costs in the commercial sector – as France has not introduced, unlike other countries, a "youth minimum wage" – the CAS proposes to expand the number of assisted contracts in the private and make "a management tool and counter-cyclical support to young people most in need."The advisory body to the Prime Minister finally suggests to "enhance the experience of young people in the nonprofit sector by transforming a share of subsidized jobs in the public sector apprenticeships.

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Given the volatility in the stock market must be more responsive

Posted in economic, events, features, finance, world by admin on May 13th, 2011 | Comments Off

Lefigaro.fr – The stock market crash experienced by the materials last week he requires investors to be more responsive?

Fabrice Cousté – We have entered a period in which electronic exchanges and automated to make faster and faster. This is not about to stop! Uncertainties about the euro and oil prices have created an appetite among investors for increasing trading currencies and commodities with a time horizon ranging from several days to a few seconds! Since early May, some hedge funds that had long positions in commodities and the euro came out massively causing a sharp drop of nearly ten dollars on oil. Meanwhile, the euro flirted with the $ 1.50 fell below the $ 1.45 and is now heading towards $ 1.40.These movements in raw materials could weigh on the CAC 40, including through lower oil stocks: Total, Technip and Vallourec.

What do you attribute the return of the volumes traded on the CAC 40 (six billion euro traded on average over the first two sessions of the week)?

These sessions illustrate the volatility of financial markets. And when I talk about financial markets, I do not take into account only the Paris stock exchange but also the Forex (currency market), which weighs 1000 times more than the CAC 40 (4000 billion dollars are traded daily on forex).

Is it out of raw materials?

The sharp drop ('sell off') shows that we are witnessing a situation of bubble that formed on certain assets (gold, silver, oil) and deflates even faster than many of the positions initiated at purchases were intended to hedge against a weakening greenback pronounced. This one covers the force, these positions are unwound or reversed, thus amplifying the plunge.

I would say that the recent plunge in oil is only a pause in a structural increase. I remain convinced that indeed the global economy is experiencing recovery, albeit slow, raw materials remain structurally high levels. Indeed, the double-digit growth in emerging countries may decrease, but these countries are on track for rapid expansion that will require more and more natural resources.We need to get used to the prospect of a sustained oil price at $ 100 a barrel and more in years to come. This new environment should promote market recovery for companies in "green business" (new energy, recycling, energy conservation).

What impact on portfolio management?

The sector rotations will be more frequent. In the short term we will also know where you have a new focus on defensive stocks such as telecoms and technology sectors expanding. As for values ​​that have real pricing power (the ability of firms to impose higher prices, Ed), the ability to pass the rising cost of raw materials in their products are preferable. This is where the champions of luxury such as LVMH and PPR values ​​but also with strong brands such as Danone and Essilor.

Conversely, investors should stay away from utilities and automobiles. Regarding the oil companies, I am negative court term and long-term positive. Good surprises are also possible for banks, but these are values ​​highly speculative and totally dependent on how the policies will manage the debt crisis of the Greek.

A more reactive wrong does not accentuate the lack of interest for individual stocks, considered a distribution medium or long term?

Today, it is true that individuals invest more to take risks but to protect themselves. They therefore turn to the massive gold or stone. The market environment has changed. It is uncertain therefore more complex to understand.But those who still believe the shares are able to adapt their trading, also passing through alternative platforms that will become the next referent of finance or by taking advantage of new business tools ("stop loss" orders intelligent programming strategy) that are available to them. Although the regulator wants to break the speed of trades and trading high frequency counter, it can not prevent the development of these platforms.

The Cac 40 barely exceed the 4200 points for three months. How do you explain it?

The revival of the Cac 40 depends mainly comeback banking shares. In view of its excellent results, BNP Paribas can return to a range between 70 and 75 euros and Societe Generale between 60 and 65 euros by the end of the year.The CAC 40 should not drop below 3800 points for corporate earnings in the first quarter are still excellent. Conversely, as the uncertainties regarding the recovery of Greece will not be lifted, the CAC 40 may not exceed the 4200 points.

The France unveils its eight palaces

Posted in events, finance, money, online, resources by admin on May 5th, 2011 | Comments Off

They are the must of French hospitality. The distinction "palace" was awarded Thursday for the first time in France to eight luxury hotels supposed to embody "excellence in French," announced the jury for their selection. The eight institutions to join this new club are very close to Le Bristol Paris, the Meurice, the Park Hyatt Paris-Vendome and the Plaza-Athénée. In the provinces there is the Hotel du Palais in Biarritz, the Cranberries and Cheval Blanc in Courchevel, and the Grand Hotel Cap Ferrat in Saint-Jean-Cap-Ferrat.

The challenge is to distinguish among institutions except the 130 5-star hotels that already exist. Fourteen candidates have filed for candidacy. But not all have been retained. In the capital, Bristol, George V, Meurice, Plaza-Athenee, Ritz and Hyatt Park were in the running.In the provinces, the Negresco in Nice, and Cheval Blanc in Courchevel Cranberries, and the Hotel du Palais in Biarritz, have also postulated.

Conversely, some very prestigious hotels have chosen to duck the first round due to work, like the Eden Roc in Antibes. 5 stars like the Fouquet's in Paris did not submit a dossier explaining that appear as a palace might scare away business customers. The Crillon, which has just been sold by the U.S. investment fund Starwood Capital, has not applied, since it requires a heavy renovation.

As newcomers to Paris, starting with the Shangri-La and the Royal Monceau Mandarin Oriental pending this year and the Peninsula in 2012, they did not have access to the competition, requiring more eligibility conditons of … 30 months old.

Applicants under the palace had until December to apply.Have completed two phases of instruction, one led by France Trump to see if they met the "objective" criteria such as size of room, activity for 24 months minimum in case of complete refurbishment of the facility, 30 in case opening, multilingual staff, spa etc..

The second was conducted by a jury of ten members, headed by academician Dominique Fernandez, who was judging criteria "subjective" as the exceptional character of the institution in its history or architecture, speed and permanence of its service, its excellent food and comfort …

Wall Street is moving towards higher

Posted in economic, finance, money, online, people by admin on April 2nd, 2011 | Comments Off

The U.S. futures are well oriented on Friday at midday, heralded an opening up. The Nasdaq 100 future appears up 0.35% and the S & P500 future ahead of him by 0.39%. The future of Dow Jones gained 0.57% to 12,322 points.

An optimism that should be confirmed at the opening, whereas recruitment remained high and accelerated in the U.S. in March, allowing the unemployment rate to decline for the fourth consecutive month. This fell to 8.8%, its lowest level since March 2009 (8.6%). The market was expecting an average 8.9% stability. The U.S. created 216,000 non-farm jobs last month when observers were waiting an average of 190,000 new posts after 194,000 (revised) in February.

Economists suggest that new posts are developing in many sectors of the U.S. economy, which suggests a general recovery.

Already on Wednesday, the firm ADP unveiled the net creation of 201,000 jobs in the U.S. last month. Moreover, the weekly claims for unemployment benefits came out lower at 400,000 during six of the last eight weeks.

As for currencies, the euro traded at 1.4096 dollars in early afternoon. Oil-type light sweet crude odds higher at 107.28 dollars a barrel. A barrel of Brent is 117.71 dollars.

War of the exchanges is relaunched

ICE and Nasdaq have officially announced Friday it had sent a joint offer for the acquisition of NYSE Euronext for $ 42.50 per share, paid in cash and stock, e gives a total of approximately 11.3 billion dollars (7.98 billion euros).This proposition therefore shows a premium of 19% over the offer from Deutsche Boerse.

Logitech should loosen the opening. The title forfeits nearly 20% in pre-market trade. Yesterday, the technology group warned on its revenue and operating profit 2011.

Berkshire Hathaway should again be observed after the resignation of David Sokol, the most likely successor to Warren Buffett.

Office Depot will revise downward its results for fiscal 2010, due to a reduced tax credit of 80 million.

BP could benefit from a recommendation by JPMorgan.The broker believes that the title is "seriously downgraded," and reiterated his recommendation to "overweight" value.

Boeing confirmed Friday an order for 15 737 aircraft made by compage Turkish Airlines for more than $ 1.2 billion based on list price. The aircraft manufacturer said that this order includes delivery of 10 737-800 and five 737-900ER.

CGT records a further decline to SNCF

Posted in events, money, news, online, people by admin on March 26th, 2011 | Comments Off

Slowly, the Reformers made their place in the station. Certainly, the CGT union is the first with 37.3% of votes cast at the last workplace elections, but the organization suffered another setback. She had obtained 40% of the vote in 2009, during the recent workplace elections.

30% for the reformist pole

Reform said the pole winner in this election. The National Union of Autonomous Trade Unions (UNSA-Cheminots) harvest of votes and 21.4% (against 18.05% in 2009) and the French Democratic Confederation of Labour (CFDT) 13.7% (against 11.59% in 2009). Together, the two unions represent 30% of voters, allowing them to sign agreements without the support of another organization.The score of SUD-Rail also remains stable at 17.3%.

Thierry Nier, federal secretary of the CGT, the organization is "confirmed in its position as the leading trade union organization at the station" and retains "a key position," he told AFP online payday loans. The "slight decrease" of the CGT, which is "far from being dramatic," partly due to the fact that participation has reached less than 75%. According to him, 40,000 railway workers were not expressed, and some chose to turn "towards more consensual organizations.

TF (8.58% of votes), CFTC (1.03%) and CFE-CGC (0.42%) have, for their part, not surpassed the 10%. they are therefore not considered representative.

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AT & T Mobile U.S. champion again

Posted in business, economy, finance, opinions, top news by admin on March 22nd, 2011 | Comments Off

Click on the thumbnail to enlarge the graphic.

It was expected that the two "small" U.S. operators Sprint Nextel and T-Mobile (subsidiary of Deutsche Telekom) have joined forces to resist the pressure of the two "big", Verizon Wireless and AT & T.Bombshell: the giant AT & T, the number two market heavyweight 95.5 million customers, who captured the number four, T-Mobile for $ 39 billion.

AT & T should thus take the place of leading U.S. mobile phone he had lost to Verizon in early 2009, posting 129 million subscribers and a turnover of $ 80 billion in Mobile after the merger .

If AT & T, formerly incumbent U.S. broke out in 1984 by the court to give birth to "Baby Bells", and finally restored, starts the mega acquisition is that it is itself threatened by the emergence of New players: Net giants Apple and Google.

Faced with the explosion of mobile Internet created the success of smartphones, iPhone in mind, the telcos are obliged to invest massively scale their networks, but does not affect revenues. AT & T was the exclusive distributor of iPhone in the United States from 2007 to February 2011 made the bitter experience: back to the boom in mobile internet traffic, its congested networks had broken down in cities like San Francisco and New York, then being told the boss of AT & T that the iPhone was his "worst nightmare".Traffic on the network of AT & T has increased 8000% in four years and by 2015 it should be 8-10 times higher than in 2010.

"The race to size"

"The problem of operators today is to be paid for the huge investments they are forced to make their networks to support the explosion of data traffic," said Virginia Lazès, associate director of the bank Bryan Garnier. The answer is the race for size. It can rebalance their magnifying powers face the giants of the Net. On the one hand, with 130 million customers, AT & T will carry more weight in discussions with Apple, which often resemble a standoff.On the other hand, being larger, its business model becomes more relevant because it can generate synergies in investment and marketing. "

To address this bottleneck networks, AT & T has begun the deployment of 4th generation network (known as LTE). The acquisition of T-Mobile will save him time. "With additional capacity and frequency network, we can better meet the current requirements of our customers, build for the future and help achieve the objective of the President (Barack Obama) America connected a wireless and high- flow, "commented the CEO of AT & T, Randall Stephenson.

"The regulator should not oppose the FCC not to this level because there is a political will to accelerate the transition to 4G mobile broadband.The United States would indeed catch up in 2G/3G mobile compared to Asia and Europe, "said Stéphane Dubreuil, associate director of the firm Sia Council. A reverse pattern of France, where the regulator has pushed early 2012 arrival of a fourth operator, with Free? Do not forget that the U.S. has a plethora of regional operators (Alltel, TracFone, U.S. Cellular, MetroPCS, Cricket, Jump Mobile, Dobson Cellular, etc.). "In fact, the U.S. market was ultraconcurrentiel returns to normal and the French market was oligopolistic becomes competitive," says Virginia Lazès.

Wall Street rebounds

Posted in economy, finance, international, resources, special by admin on March 17th, 2011 | Comments Off

The NYSE will start Thursday's meeting in sharp rebound, while Japanese engineers are trying everything possible to cool the reactors at Fukushima and avoid a major nuclear disaster. The Dow Jones climbed 1.09% to 11,738 points, the Standard & Poor's 500 and Nasdaq 100 advancing 1.33% respectively to 1274 points and 1.40% points to 2653 points.

Thursday's meeting, however, promises once again to be febrile given the uncertainties surrounding the nuclear disaster in the archipelago. Wednesday on Wall Street, the Dow Jones dropped 2.04% to 11,613.3 points and ended at its lowest since Dec. 31.

The VIX volatility index, also called "fear index," jumped over 20% Wednesday and flew more than 45% since the beginning of the week.And according to analysts at PFG Best "it is not impossible that the Vix found record levels at the height of the financial crisis, the index could well triple.

In Tokyo on Thursday, the Nikkei closed down 1.44% moderate, affected by the surge in the yen and suspended the efforts of Japanese technicians near the nuclear power plant in Fukushima. For the first time since the nuclear crisis, the Japanese army helicopters dumped in the morning about 30 000 liters of water reactors 3 and 4 of the plant. The results of this operation are not yet known.Moreover, to support the Japanese economy, the Bank of Japan injected 6,000 billion yen (about 54 billion euros) Thursday on the money market, bringing to 34,000 billion yen, its total contribution since Monday.

Inflation at the highest

On the currency markets, the euro continued its rebound against the dollar on Thursday, while the yen was changing to levels not seen since the Second World War against the greenback, buoyed by speculation of remittances in Japan following the devastating earthquake on Friday. 111H00 to Paris, the euro bought 1.4053 dollars against 1.3906 late Wednesday, its highest in four months.

On the macroeconomic front, the meeting was punctuated by the publication of numerous U.S. indicators.The weekly jobless claims were initially declined more than expected in the United States during the week to March 12, at 385 000 401 000 cons (revised) the previous week, said Thursday the Labor Department.

Higher oil prices is being felt in the United States on consumer prices, which have experienced in February their largest increase since June 2009, according to figures released Thursday by the Washington Department of Labor faxless pay day loans.

The industrial production fell unexpectedly in February cons, largely due to mild temperatures that have weighed on the sector of services to communities, according to official statistics released Thursday.According to the U.S. Federal Reserve, production fell 0.1% after an increase of 0.3% (revised from -0.1%) in January.

Guess and FedEX published

The values ​​listed after the close Fifth Third Bancorp has repurchased $ 280 million contract warrant issued to U.S. Treasury for the bailout of banks.

The mail group FedEx (4.91% to 89.47 U.S. dollars) Thursday raised its forecast for revenue and margin for the current quarter and next, an announcement that pushed its way in the exchange pre-market trading. "We expect a continued positive trend increases turnover and margins in the fourth quarter and fiscal year 2012," said Alan Graf, chief financial officer.

Guess (-9.07% to 39.89 dollars) posted net earnings rose to $ 105.4 million, or $ 1.11 per share in the fourth quarter ended Jan. 29, against $ 87.9 million , or 93 cents per share last year.

By contrast, Qualcomm (4.36% to 52.70 dollars) said its deliveries should not be affected by events in Japan, noting that the supply and production within the company was sufficiently diversified in this such situations.

Renaissance Re Holdings (-1.77% to 62.77 dollars) said the floods in Australia will have a negative impact 30 to $ 190 million on first quarter results 2011.The earthquake in Japan should also have a significant effect on the accounts.

For his part, Rollins (1.01% at 19.01 dollars) has announced that its subsidiary, Orkin had opened a new office in Shanghai.

Also note, Apple (2.55% to 338.42 dollars) lost 4.5% Wednesday after an analyst from JMP Securities has degraded the value of the first degradation by an analyst since October. 90% of analysts remains to buy Apple. But, clearly, the group's growth could be affected by events in Japan and greater competition, especially in the segment of mobile phones, experts say Aurel BGC.

ON Semiconductor announced that its turnover in the first quarter 2011 could be affected by the situation in Japan at 2% to 4% of its turnover, due to disruptions in logistics.

Stephen Elop: "Nokia will receive billions of dollars of Microsoft"

Posted in business, economics, finance, resources, world by admin on February 15th, 2011 | Comments Off

In Barcelona at Mobile World Congress, Nokia-Microsoft agreement is central to the questions. Stephen Elop responds.

LE FIGARO. – Google has criticized the alliance with Microsoft, saying that the marriage of "two turkeys never created an eagle?

Stephen Elop. – Our two groups have complementary products and a balanced portfolio of assets. Together, we have great facilities, well-finished products and strong brands in operating systems for mobile phones. It's the same in services with a side maps, location services and guidance on the other search engines, the range of services for the Xbox game console and productivity tools.Overall, we need the full range.

Why not have chosen Google's Android?

We would have encouraged the emergence of a duopoly in smartphones, with a side of Apple and Google each other. For in recent years, Apple has been between 15% and 20% of the market and Android between 60% and 70%. That would have recalled the development for the PC industry, where margins of manufacturers have become weak. An alliance with Google would have been detrimental, ultimately, to our ecosystem.

What is the financial part of the agreement with Microsoft?

On the one hand, we will buy Microsoft's Windows operating system Phone for our future smartphones. This allows us to reduce our investment in research and development. We will reduce our operational expenses. On the other, Microsoft will give us a lot of cash. This amount is counted in billions of dollars.We can increase our marketing efforts and our search for the next generation of products.

Your competitors are paying 10 to 15 dollars a Windows Phone 7. How much will you pay?

We are the leading manufacturer of mobile phones in the world. So we got an attractive price.

Will you continue to use Symbian OS for Nokia smartphones for entry-level?

We intend to use Windows phone in as many products as possible. In India, where a mobile phone costs $ 3 to purchase, we will also have a proposal for a Windows phone. In addition, we have our own solutions which will benefit from our investments

Why did Nokia shares fell on the announcement of the alliance with Microsoft?

We created a lot of ambiguities and uncertainties for investors personal loan for poor credit.How long the transition period going to last? What will happen pending the release of our first products on Windows 7 Phone this year? In addition, we have announced substantial job cuts, without specifying the number, because we must provide these answers to the staff before the unveiling. All these issues have caused uncertainty.

What do you want to change the culture of Nokia?

Change the way we work. First, division heads will be responsible for the results of their activities and bureaucracy will be abolished. Now, Jo Harlow, for example, is responsible for the results of the division of smartphones. This was not the case before. The heads of subsidiaries have more power without needing to refer all the time in Finland. We want to improve the elements of the corporate culture.The company was too slow in its decision making. We must think with more humility. We deliver more and more mobile phones, but the market situation is changing very fast. We must be more humble in our decision making and how to talk to our customers

What is your involvement in the Internet Tablet?

We MeeGo operating system, designed with Intel, which was adopted by a German partner for an Internet tablet. Mobile World Congress, other companies should announce. For Nokia, we have multiple options. We can take advantage of our agreement with Microsoft or operate our own operating systems.With MeeGo, we could see the emergence of other products such as GPS navigation devices.

How many do you have Microsoft stock?

I had a substantial stake in Microsoft, because of my former office. During the thirty days following my departure, I did not have the right to sell those shares, for regulatory reasons. Then, once I was right, I initiated a sales program. I achieved 60% of the shares I own. But as soon as we started discussions with Microsoft, I stopped the sale because I own proprietary information, unknown to investors.

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Protesters furious after Mubarak's speech

Posted in economics, life, news, publications, resources by admin on February 12th, 2011 | Comments Off

Tahrir Square, Cairo, online:

Visit msnbc.com for breaking news, world news, and news about the Economy

11:04 p.m.: "The time for change is now," said the head of European diplomacy Ashton.

11:01 p.m.: At the end of the program "French Song", Nicolas Sarkozy commented briefly on the events in Egypt, saying it was "inevitable that Egypt is changing and the way of democracy," and assured that " France the help there. " The head of state, however, wants real democracy and not "a religious dictatorship like Iran."

10:55 p.m.: People are beginning to organize to camp on Tahrir Square.A great new day of action is planned for tomorrow.

10:51 p.m.: The vice president called the demonstrators not to listen to "satellite television, but" their heart. "

10:40 p.m.: The vice president spoke in turn to state television and defending the president in ensuring that it has placed the country's interests above his own. He called on demonstrators to go home and all the Egyptians to work together.

10:36 p.m.: Obama met with his national security team after Mubarak's speech. The CIA had indeed thought that the Egyptian president would announce his resignation, a scenario that was favored by the United States.

10:27 p.m.: The Egyptian state television just announced that Vice-President Suleiman will in turn address the nation.

10:21 p.m.: A man lying on the floor of Tahrir Square.The protesters formed a cordon around him to prevent it happen trampled.

10:13 p.m.: Mubarak said in his speech that he wanted to be "buried in Egypt" and he would not leave his country under any pretext.

10:10 p.m.: The Egyptian demonstrators brandish their shoes, a powerful symbol of defiance and anger in the Arab world.

Mubarak wants to ensure the transition until presidential elections. Photo credits: TV via APTN EGYPT / AP

Wall Street tries to forge ahead

Posted in economics, international, life, money, special by admin on February 9th, 2011 | Comments Off

U.S. equity markets remain subdued on Tuesday. After gaining 0.57% on Monday, the Dow Jones evolves close to equilibrium, losing 0.04% to 12,157 points. The Nasdaq was down 0.25% to 2777 points and the S & P 500 0.16% cowardly to 1317 points. Monday, reassured Egypt U.S. markets ended in green.

Announcements of mergers and acquisitions have also supported the U.S. markets. The internet portal AOL (-3.11% to 20.53 dollars), has announced the resumption of the most famous American newspapers online news, the Huffington Post, with $ 315 million in cash.

For its part, the diversified industrial group Danaher (2.37% to 50.19 dollars) has announced a friendly takeover bid of 6.8 billion dollars on the company specializing in medical diagnostics Beckman Coulter (+0.05% to U.S. $ 82.69), while Ensco drilling specialist proposes to acquire Pride International for 7.3 billion dollars.

On the foreign exchange market, the euro remained slightly higher against the greenback on Tuesday, remaining just above the threshold of $ 1.36 after its decline yesterday, the traders regaining confidence in the hope German industrial production rebound. To 16 hours in Paris, the euro bought 1.3623 dollars against 1.3581 dollars late Monday.

On the macroeconomic front, there is no any major indicator on the agenda of U.S. investors on Monday.Investors await a new salvo of results on Wall Street with figures including Walt Disney for the first quarter.

Earnings down for NYSE Euronext

The side of values, on Tuesday, the transatlantic exchange group NYSE Euronext (-1.21% to 33.35 dollars) posted net earnings down 21% in the fourth quarter, to $ 135 million, affected by a particular adverse currency effects. Operating income, excluding merger expenses and exit costs, amounted to 188 million, down 10% year on year short term personal loan.For its part, the turnover has fallen from 4.21% to 613 million, due to unfavorable exchange rate, which weighed up to $ 19 million, the group said in a statement.

Always on the side of values, a former scientist has been convicted by a federal jury of stealing U.S. secrets to the Dow Chemical (0.74% to 37.90 dollars) for sale to Chinese firms said here Monday with prosecutors. Chyu Liu Wen, also known as David Liu, a former Dow employee aged 74, was found guilty of having gone to China to sell confidential information relating to synthetic materials manufactured by the giant chemistry and biotechnology used in the automotive and construction.A federal jury in Baton Rouge, was found guilty of conspiracy to steal trade secrets and perjury. Arrived in the United States from China as a student, he then worked for Dow Chemical from 1965 to 1992.

Microsoft (+0.29% to 28.28 dollars) would prepare a big bang. According to Bloomberg, CEO Steve Ballmer group will announce a major reorganization of its management team in February.Steve Ballmer wants to promote profiles with high technological expertise.

Sanofi-Aventis (0.87% to 34.90 dollars) on Wednesday expected to show profits in 2010 similar to those of 2009, despite competition from generics, but the presentation of group results Wednesday is likely to be overshadowed by the finalization expected imminently, the purchase of Genzyme (-0.12% to 73.93 dollars).

Also note, the U.S. authorities on Monday presented their proposal to regulate bankers' bonuses and suggested they would do if some institutions attempt to circumvent the reforms. According to the proposal of the Federal Deposit Insurance Corp. (FDIC), half the premiums of leaders of major U.S. banks would be subject to a deferred for at least three years.