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Alcatel-Lucent continues its annual forecast, after presenting its results for the second quarter. The telecoms equipment maker has finished the past three months with a net loss of 184 million euros, equivalent to a net loss per diluted share of 0.08 euro. This net loss is worse than the result recorded in the same period a year ago, which then displayed in the green, to 14 million euros. But the quarterly net loss marks a clear improvement over results reported in the previous quarter, during which the group had lost 515 million euros.

Alcatel-Lucent is delighted especially to see its operating profit return to equilibrium. Adjusted data, it is 28 million euros, or 0.7% of revenues.In published data, it remains negative, at -45 million euros, against 130 million euros a year ago, and -263 000 000 euros at the end of first quarter 2010.

Low activity in China

The group's turnover was slightly lower on a year. In fall of 2.4% over the second quarter of 2009, it stood at 3.813 billion euros, or 17.4% more than during the previous three months. The effects of consolidation and exchange rates were favorable to the group on the quarter. Adjusted data, the turnover of the second quarter is apparent down 6.9% year on year, but it remains up from the previous quarter (+11.8%).

"The momentum has been strong in North America with a double-digit growth and the trend has improved in the world, lower income there is much less marked than in the first quarter.The revenue decline in Europe has remained the order of almost 10%. Finally, Asia Pacific has experienced a double digit decline, due to low activity in China, partly offset by significant growth in India, "the company said.

An improvement in adjusted gross margin

The group's adjusted gross margin rebounded to 36.1%, an improvement of three points over one year and by 3.5 points compared with the margin achieved during the first three months of 2010.

Alcatel-Lucent is confident for the second half. Ben Verwaayen, the CEO of Alcatel-Lucent, promises to "maintain a strict control of costs and expenses." He anticipates a "second half of 2010 supported, thanks to a growing backlog.Additional benefits are expected in the coming quarters. "

The group believes that "despite the shortage of components that still impact our supply chain, demand for telecommunications equipment and related services is recovering." He believes that the growing market for telecommunications equipment will be between 0% and 5% this year. In this context, Alcatel-Lucent intends to achieve an operating profit Adjusted between 1% and 5% of its revenues.

Between business and ecology, this is not a love story. More than half of French companies reported that they did not intend to invest in sustainable development, according to a survey * BVA-line today at the Ministry of Economy.

Results that "contrasts with a poll CGPME March 2010 in which 81% of SMEs said they had" built into their thinking "on sustainable development, says the summary of the study.

From there to pass the act … "There's still a gap between thought and investment," says Bercy. Is it lack of interest? To avoid additional costs? The study does not answer. But she notes that the average conceals wide disparities by size of business.

Only TPE is a majority (56%) not intend to invest.From 10 employees, companies have either already invested or plan to invest.

The SMEs are medium sized (50 to 249 employees) the most advanced. "Without doubt they react faster to trends." Nearly half have already invested in sustainable development.

Larger companies (more than 250 employees) are slightly less likely to have invested, but they are twice as likely as mid-sized SMEs intend to do.

Companies that invest the most say in the sustainable development belong primarily to the agricultural sector, construction and services.Sustainable development is probably made by these companies from an environmental perspective, "these sectors more than others is subject to obligations or strong incentives matter (fertilizer use, emissions of greenhouse gases including ) "concludes the study

* Survey conducted by the Institute at the request of the Ministry of Economy, Industry and Employment and the Department of Budget, Public Accounts and State Reform.

Conducted from May 26 to June 10, 2010 with 701 business leaders, HR and Executive Committee members.

After starting the session on an uptick, the indices fall into the red after 16 hours. The Dow Jones lost 0.11% to 10.431points, while the S & P coward 0.20% to 1111 points. Only the Nasdaq is on track with an increase of 0.13% to 2292 points. Investors welcomed the announcement of a bad back, unexpected, in May, resales of new housing: – 2.2% last month to 5.66 million units annualized, while economists had forecast an average of 6 12 million units or 5.5%. This further decline comes after two consecutive months of rising sales.

The night before, after long hesitation which direction to take, Wall Street finished little decline in trading volumes very low: The Dow Jones lost 0.08% at 10,442 points, the Nasdaq 0.90% to 2289 points and the S & P500 -0.39% to 1113 points. Previously, Wall Street had lined up eight consecutive sessions.Yesterday, investors have largely reacted to the announcement by China to implement an exchange rate policy more "flexible".

On the foreign exchange market, the euro resumed its decline late Monday afternoon, and continued to fall in the morning against the dollar, falling below 1.23 dollars, amid persistent fears over the economic health Europe Guaranteed payday loans.

Energy and raw material expected

On the side of values, or related companies exporting energy and raw materials may still be affected by the rising yuan including Caterpillar (+0.17% to 66.18 dollars) a strong presence in China, Freeport -McMoRan Copper & Gold (-1.37% to 67.18 dollars) or aluminum specialist Alcoa (-0.17% 11.70 dollars).Conversely, the retail sector could suffer pressure on its margins.

Always on the side of values, Visa (-1.33% to 79.82 dollars) and Mastercard (-0.05% to 223.22 U.S. dollars) closed sharply higher Monday after an agreement between members of Congress on the regulation banking fees.

Also note, Goldman Sachs (-0.37% to 137.23 dollars), receives an extension from the court to answer a complaint filed by the SEC, which accused him of fraud. Goldman Sachs has until July 19 to provide evidence to defend himself against the complaint, which concerns the sale of CDOs.

Ballmer changes speeches. Asked Thursday night during an annual conference organized by the Wall Street Journal, the CEO of Microsoft has significantly delayed its affiliates in the mobile phone. "We had the lead in software for phone" with Windows Mobile, Ballmer said. "We're not in advance. We have disappeared from the surface and we found ourselves in fifth place. This does not correspond to where we wanted and should be, "he added.

After having "missed a complete cycle," Microsoft wants to return quickly in the game. While the development of new operating system Windows 7 Phone continues, Steve Ballmer has taken over in late May, the mobile division. He wishes to apply the same revenue in PCs, where Windows 7 has managed to forget the disappointments of Vista. "The market is very dynamic, it is our chance.We have good ideas and good products coming, "he said. This new generation of phones, profoundly rethought, is expected by the end of the year.

According to Steve Ballmer, it is indeed not too late to regain seats in the mobile. The smartphone still represent only 20% phones sold worldwide, said it does Microsoft. For now, the group is activated to convince manufacturers, operators and developers to focus on its future platform payday advance. It is Orange, France, his partner at the launch. Side applications, the objective is "to first of the most popular on the iPhone," said Thomas Serval, Director of Platform and Ecosystem Division in France.

The task will not be easy.Microsoft will indeed be faced with competitors – Apple, Google and RIM – which have firmly established their smartphones to professionals and the general public. In 2007, Steve Ballmer did not seem worried. "There is no chance that the iPhone conquered a large market share. No chance, "he said. Since then, more than 200,000 applications have been developed for the App Store and nearly 50,000 for Android Market. And Microsoft needs must hurry to catch up.

Sidebar: The iPad? "A PC in fashion also questioned the iPad, and migration of users to touch pads, Steve Ballmer has clearly distanced itself from Steve Jobs, Apple's CEO. The iPad, he suggested, is a form of PC among others, only more "new and fashionable. Also, the tablets do not completely replace personal computers."The PC will change form [...], but people will always use more," said Steve Ballmer.

Europe must move faster on the regulation of short sales. This is the opinion of Christine Lagarde, who yesterday called Brussels to "accelerate the work so we can have a coordinated position at European level". The Financial Services Commissioner, Michel Barnier, a device must submit by the fall, but Paris would like to see proposals from Brussels in July or later in September.

The idea being "that is not each other, here or there, tempted to keep up" with other countries that have already taken action on their part. "We will soon impose more stringent rules to harmonize the practices and tools for supervisors, install a coordinating framework for the supervisors, which is not the case today," says Michel Barnier to Le Figaro. The Commission is ready to offer this new framework "at the end of September," he insists.The French commissioner however said he will return to the supervisor of each country, given its assessment of the situation in its markets, to take measures of its choice.

This is precisely what comes to Germany. After banning short selling "naked" on the bonds in the euro area, on certain types of CDS – a contract of insurance against default risk – and the shares of ten financial institutions, Berlin went further yesterday by adopting a bill that extends the prohibition to all stocks.

Technical challenge

Short sales are sophisticated technical exchanges to sell shares they do not yet own, hoping to repurchase them at a lower price later, pocketing the difference. When they are "naked", the investor sells securities he does not even borrowed.The technique is challenged, because accused of encouraging speculation down. But the unilateral initiative of Berlin was cringe. Christine Lagarde has deplored the lack of coordinated European and ensured that Paris would not follow that path Berlin while recalling that France already bans on short selling certain financial stocks since 2008.

Berlin's position is criticized both in London and Paris. "There is certainly not a unanimous position" between the European regulators, "said Chairman of the Committee of European stock market regulators (CESR), Eddy Wymeersch. The framework will present Michel Barnier will solve only part of the problem. In terms of financial supervision, said it does in Brussels, "the Commission does not decide, she proposes.If the Council does not follow, it does not advance.

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Unemployment is leveling off in the euro area. 10% in March 2010, the unemployment rate adjusted for seasonal variations remain in effect identical to that for the month of February. A year earlier the rate was however lower at 9.1%. The EU as a whole is a bit lower at 9.6% in March 2010, also unchanged from the same month a year earlier, Eurostat said on Friday.

So these are 15 million unemployed in the euro area accounts in March, 23 million for the EU-27. In one year, Germany is the only one EU country to have recorded a decline in unemployment, falling 7.4% to 7.3%. All other countries saw their unemployment rates increase because of the economic crisis.But are Latvia (the rate jumped to 14, 3% to 22.3%), Estonia (from 7.6% to 15.5% between the fourth quarters of 2008 and 2009) and Lithuania (from 8.1% to 15.8% between the fourth quarters of 2008 and 2009), which record the highest increases in the EU low fee pay day loans.

If it were up to now difficult to find a tandance about the evolution of unemployment figures, said Societe Generale's analysts now tend to think that the situation should improve in the second quarter.

It should be noted that the rate of female unemployment is still slightly higher than men (10.1% against 10%), but posted a much lower increase. The youth are always the most affected by unemployment, with a proportion of 19.9% in the euro area and 20.6% in the EU.Spain and Latvia beat on this sad record, with respective rates of 41.2% and 44.9%.

Porthmouth bankrupt, condemned Manchester United to assume debt of 826 million euros of its owner Malcolm Glazer … The elite of English football suffered the brunt of financial crisis. And it is not finished. According to the British press, Tom Hicks and George Gillett, owner of Liverpool Football Club, has mandated Barclays Capital, the investment banking subsidiary of Barclays to sell the club. "This is not a surprise when we know their philosophy on Liverpool, says Vincent warmShe, head of sport Ineum Consulting.They clearly did not want to invest any book in the club they use as a "cash cow".

Under the pressure put by the creditors of the club – Royal Bank of Scotland claiming payment of 100 million pounds (113 million euros) – and the rise of a club like Manchester City who could play spoilsport at within the 'Big Four' (Chelsea, Manchester United, Arsenal, Liverpool), Liverpool has no other choice but to respond. "If Liverpool wants to keep pace with competitors sporting their English, Spanish and German, they must have a stadium of over 50,000 seats," said Vincent warmShe.If the project was suspended due to financial crisis, Liverpool have received permission to build a new 60,000-capacity stadium in Stanley Park to Anfield to replace that with a capacity of 42,000 seats.

The owners want to EUR 565 million

Since their arrival in Liverpool, the two investors are highly contested by both the Reds fans as the club's creditors. In addition to sports scores means, they mostly blew the debt of the club, which currently reaches 237 million pounds (268 million euros) No fax pay day loans. "Like Manchester United, Liverpool is a club that generate healthy lot of money. But that money only serves to cover the debts of their owners. What constitutes a serious handicap for their sports investments."Says Vincent warmShe.

Sixth in the Premier League – the equivalent of League 1 in England – and therefore not qualified for the next Champions League, Liverpool disappoint again this season. "Liverpool is facing a triple handicap: an owner who does not invest a stage too small and sports results disappointing. If the club continues in this path, he will find himself in big trouble. The end of the season is in this sense a real turning point. They must finish in the top four, "says Vincent warmShe.

The two owners of the club then realized it was time to make a substantial capital gain. They hope to gain from the sale of Liverpool, they bought 217 million pounds (245 million euros) in 2007, 500 million pounds (566 million euros). However, in three years, the value of the pound has fallen sharply: in 2007, a pound was worth just under EUR 1.50.Today, ell worth just over 1, 13 euro.

The case is far from being tied up: Tom Hicks and George Gillett have received an offer for now 118 million pounds (133 million euros) to buy 40% stake, valuing the club at least 300 million pounds (339 million euros).

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Neither seen nor known. For five years, just ahead of their quarterly publications, 18 major banks like Goldman Sachs, Morgan Stanley, JP Morgan Chase or Citigroup, have simply replaced the box for "debt", a figure from another, much smaller, according New York Fed. On average 42%, according to figures from the institution, reports the website of The Wall Street Journal (WSJ).

Why? Because they fear being punished by the stock market investors, who watch carefully the amounts of debts and, thus, the risk levels of a bank. And also because they fear that the ratings agencies are reviewing their notes down No teletrack payday loans. What would frighten investors Exchange.

In fact, between two publications, the debts are upgraded in the accounts.In the end, nothing illegal, writes the WSJ Online, which emphasizes that while some complained of the banks confirmed this tinkering, representatives of Goldman Sachs, Morgan Stanley, JP Morgan Chase and Citigroup, have made no comment.

The spokesman for Bank of America has however stressed that "efforts made to manage our balance sheet size are suitable, and these strategies are compatible with the rules and accounting standards.

Commitment required. The President of the Republic, Nicolas Sarkozy, had promised before the second round of regional farmers in the Ile de France came to meet him at the Elysee. It would be within fifteen days in a holding Ile. This he did on Tuesday by going to Buno-Bonnevaux in a grain farm in Essonne, that of Samuel HERBLOT located an hour south of Paris by car and much less by helicopter.

After a tour of fields (barley, beets and wheat, triticale) in twenty minutes in business suits and shoes, Nicolas Sarkozy met with a dozen farmers in an improvised for the occasion. A table set in the middle of the round-ballers of straw and a table of keys to dial on the wall as decoration.The Head of State wished to reassure the farmers during the working meeting which lasted half past one in the presence of representatives of unions and institutions in the Ile-de-France, including Damien Greffin, president of the Young Farmers and Christophe Hillairet , chairman of the House inter Ile.

Involved in the debate on the Greater Paris

Several topics were reviewed including some specific to the region. "On the great Paris, we will now be involved in the debate, welcomed Damien Greffin. The Head of State is committed to the sanctuary of 2,500 acres of the 3,000 hectares of the Saclay plateau, the reforestation of the area polluted Pierrelaye instead of the cone Brie …. "Two other developments have been welcomed by the union leader. The implementation of the taxation of 10% of agricultural land became available for building."This funding will help build economic bridges between farmers and society, especially in district heating, Nicolas Sarkozy.Enfin committed under the Agricultural Modernization Act which parliamentary discussions to begin on May 18, a tax scheme will be introduced to smooth income when there is a cash advance. Not to mention the reactivation of a moderate margin agreement between producers and distributors. It is a device already exists but no agreement has been signed."When prices go down tremendously, the dealer signs an agreement with the producer margin of moderation, which helps rebalance the side of producers without penalizing the consumer," said Nicolas Sarkozy.

Reaching

However farmers are still far from satisfied. "We're no further ahead two weeks ago on concrete announcements, Damien Greffin regrets. There was an effort of understanding on the part of Nicolas Sarkozy, but it must go further. We understand that we can not decently go back, with a loss of EUR 100 per hectare less but we have to find coping mechanisms. A point emphasized by Orama association which brings together the cereal FNSEA and "great hope in the work of the Monitoring Committee of the crop. They should start April 14."They are essential for can be taken timely measures necessary compensation.

Note, however, three missing in the debate: the president of the FNSEA, Jean-Michel Lemetayer, the chambers of agriculture, Yves Vasseur, and the Young Farmers, William Villeneuve. However Philippe Pinta, president and Brigitte Orama Delahaye, head of Vegetables in France defied the pressures of the FNSEA. "It was natural for me to respond to the invitation of President of the Republic in the interest of producers that I represent. Although affiliate of the FNSEA we are an independent, "says Brigitte Delahaye. Initiating a dialogue that asks only to be regularly continued to regain lost to a regional electorate.

In Rio de Janeiro

After busy summer Argentinian soap opera central bank is nearing its conclusion. Justice recently restored two decrees of President Cristina Kirchner, allowing it to dispose of some funds from the central bank to pay the cost of debt. In December, the head of state was taken by surprise Congress, where opposition has a majority, by ordering the establishment of two funds, called the "Bicentennial", one of 4.38 billion dollars the other 2.18 billion, respectively, to pay interest on the debt in 2010 and multilateral creditors.

At the time, the move had been blocked by Martin Redrado, the president of the central bank, on behalf of the organization's autonomy, and justice upheld the ban.Following a showdown with Congress, Redrado was eventually forced to resign and be replaced by Mercedes Marco del Pont, an economist who has always advocated that the central bank depends on the government.

"Mattresses security"

The volte-face of justice is therefore an important political victory for Cristina Kirchner. The opposition has promised to veto at a meeting on April 7 this year, but it remains poorly organized. If it fails to convince, mainly because of proposing an alternative option to pay interest on the debt, considerable this year.

In theory, it would suffice to Buenos Aires to borrow at lower rates and thus postpone the deadlines, but this possibility is prohibited. In 2005, the renegotiation of its debt of more than 100 billion dollars had indeed attracted only 76% of creditors.The remaining quarter has launched legal proceedings in the world blocking any intervention in the financial markets. To justify the use of central bank Deputy Carlos Heller recalls that its reserves reached a record 45 billion dollars. "We do not need a safety cushion as important. Especially with the trade surplus expected this year, the puncture to pay the debt will be painless, "he says.

Ecstatic, the government announced it would open from April 14 a new renegotiation of its debt to creditors who had rejected in 2005. Holders of securities totaling $ 29 billion, including interest, these small shareholders and hedge funds, mainly from Italy, Japan, the United States and Germany, will be offered a new opportunity, probably more generous. The goal is to attract at least 60% of them.

Argentina hopes to turn the page of the default of 2001, the largest in history.

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