Posts Tagged ‘finance’

Pensions: the first passes of weapons Assembly

Posted in Uncategorized, economic, life, special, top news by admin on July 14th, 2010 | Comments Off

Photographers, cameramen, and around 70 MPs, including several tenors Socialists (Francois Hollande, Jean-Marc Ayrault) belonging to other committees, however … The Social Affairs Committee of the Assembly, Eric Woerth who auditioned Tuesday, just after presenting his plan to reform pensions in Cabinet, had on Tuesday an unusually busy. She was visibly much at the media-political context and the importance of the bill to the agenda. The audience was also gradually scattered throughout the session … And if the Left has repeatedly expressed its disapproval loudly – a ruckus usually reserved for the Chamber – is inside the text she attacked.

The fate of the Pension Reserve Fund has attracted the most virulent attacks.Introduced by Lionel Jospin and supposed to help pass the peak of demographic imbalance between contributors and pensioners, beginning in 2020, the FRR will finally be used to offset deficits in coming years, pending the promised balance by the government in 2018. "Your reform is shortsighted, accused DSK.The holdup on the Pension Reserve Fund is to penalize future generations. "

PS She also found that the device "hardship" (starting at age 60 with full rate, subject to a disability of 20%) returned to "say people who are disabled or sick are entitled to be found invalid or sick " instant payday loan no TeleCheck.

"A good balance"

Labour Minister regretted the "distortions" and recalled that this device, combined with the long careers (early departure for those who started working before age 18) should cover 100,000 people per year in 2015, a new retiree on about six.Earlier, Eric Woerth was held, in an interview Capital.fr that the threshold of 20% was a "good balance", seemingly closing the door to a significant change – and potentially costly – on this point.

Not a word left, however, to challenge the alignment of the contribution pensions of officials on that of private sector employees.

The majority, she has power, supporting a reform considered "essential," "urgent," "fair" and "effective". Jean-Luc Préel however, raised a question: "I have some doubts about the economic forecasts that seem optimistic," said the member of the New Center.

Meanwhile, unions have reaffirmed their opposition to the reform, gathered before the Ministry of Labour hundreds of activists, including Bernard Thibault (CGT), François Chérèque (CFDT), Alain Olive (UNSA) and Bernadette Groison (FSU).

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PSA: a second partner in China

Posted in Uncategorized, business, online, publications, technology by admin on July 10th, 2010 | Comments Off

Philippe Varin hammered since his arrival at the head of PSA: China is a priority internationally. Determined to change size in this country's biggest car market in the world, the group has finalized Friday a joint venture equally with a second local ally, the Chinese Changan. The two companies will share an initial investment of 935 million euros for marketing light commercial vehicles and passenger cars in the Middle Kingdom from the second half of 2012.

Based in Shenzhen (Guangdong province), the joint plant will initially produce 200,000 cars and engines per year. It will manufacture the first models in the future DS, Citroen premium label, and vehicles, including utilities, a new brand created for this market.Next came the Peugeot and Changan.

Yet pioneer in China in 1985, PSA has seen sales take off only recently, thanks to the Citroen C5 and Peugeot 408, produced with Dongfeng, China's first ally. They have risen by half in 2009, with 272,000 cars passed, and the first half of 2010 (176 000), faster than the market (+27%). With a market share of 3.3%, the group remains a small player. Hence the need to find another partner to reach 8% in 2015-2016. An ambitious target, given the amounts invested by the leaders General Motors and Volkswagen.

New segments

The agreement with Changan to permit "to better cover the market" due to launch on "segments where we were not present," said Philippe Varin. Including vans, with sales booming in China.SAP is also focusing on high-end, also very promising. The group plans to produce locally large models of its range DS (DS4 and / or DS5), and its future Peugeot 508 (with Dongfeng).

This coupling with the fourth Chinese manufacturer could facilitate the growth of PSA on the east coast of China and Hong Kong, where the market is more dynamic. Dongfeng is based in Beijing and especially in the center of the country. The French, who has an annual capacity of 450,000 cars in China with Dongfeng, alongside plans to build a third plant with its first partner

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Wall Street ended the week up

Posted in economy, international, opinions, publications, top news by admin on June 19th, 2010 | Comments Off

Quiet weekend on Wall Street. On Friday, the U.S. stock market finished on a small increase of 0.16% at 10,451 points. The Nasdaq gained 0.11% to 2310 points while the S & P takes 0.13% to 1118 points.

Thursday already, Wall Street has ended in the green of accuracy at the very end of the day for the seventh straight session. This Friday, the meeting was a meeting of "four witches, one return is the quarterly expiration of four futures contracts: stock options, index options, futures and equity contracts index futures. The day has been less volatile than expected.

For the week, the Dow Jones gained 2.33%, the Nasdaq is 3.56% while the S & P wins 2.37%.

DSK reassuring spain

Today, no major macroeconomic appointment was expected.Investors have kept a close eye on the outcome of discussions between the IMF Managing Director Dominique Strauss-Kahn, and Spanish Prime Minister Jose Luis Rodriguez Zapatero. The IMF was very reassuring to turn on the country's ability to emerge from its difficulties financières.La day, following the Summit of Heads of State in Brussels, President Nicolas Sarkozy, also ensured that there was "no concern" about the financial health of Spain and no rescue plan was the agenda.

The markets have greeted the news without euphoria.The tension seems to be but fell from a cran.Sur the foreign exchange market, the euro lost some ground late in the day after playing just above the threshold of $ 1.24 in the morning.

Wells Fargo and Freddie Mac under pressure

On the side of values, Wells Fargo (0.29% to 28.01 dollars) and Freddie Mac (who signs a beautiful cascade of -15.90% to 0.43 U.S. dollars) has announced that it indirectly affected by the spill. The default rate of loans in the affected area is progressing, particularly in the case of enterprises in the tourism sector.Wells Fargo offers 90 days additional time for payment to households and suspend foreclosures in this area.

Always on the side of values, action BP (+0.16% to 31.76 U.S. dollars) which has soared from 8% the day following the company's decision to reduce investments and increase asset sale non-strategic to 10 billion dollars, should remain in the spotlight much longer. The 20 billion of deposits to compensate victims of oil pollution in the Gulf of Mexico also had a positive effect on the group's image.

Motorola (0.97% to 7.26 dollars) will buy most of its debt and inject liquidity into the mobile handset subsidiary that intends to create by means of a split, it was learned sources familiar with the matter.

Microsoft admits its mistakes in the mobile

Posted in economy, events, international, money, special by admin on June 4th, 2010 | Comments Off

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.

New measures to promote employment of older

Posted in international, publications, special, technology, world by admin on June 2nd, 2010 | Comments Off

The low participation rate of older workers back into the crosshairs of the government. While the employment rate of 60-64 years is 17% – against 30% on average in Europe – the postponement of the next age of retirement increases the urgency to improve their employability. Lest the number of older unemployed increased significantly. In an interview in Paris, the Secretary of State for Employment Laurent Wauquiez details the tracks being considered by the government to address them.

First measure: a transposition to senior citizens, at the request of the President of the Republic, the device "zero charge" established during the crisis to boost recruitment in small businesses. A measure that was then allowed to generate, according to the government, one million additional jobs.Since, according to the observation made by Laurent Wauquiez, "companies do not hire older workers because they are too expensive," Secretary of State for Employment suggests "to enable companies who hire older unemployed to be exempt from charges. " A measure that could prove costly.

Second measure mentioned: encouraging the development of tutoring. A practice already contained in most "action plans" developed by companies with over 50 employees in early 2010, the government's request. "This creates the link between generations," says Laurent Wauquiez, a senior form a young, and so we created employment for both. Today, the device for 200,000 people.But the government wants to go further, developing the management of a portion of the salary of the guardian in order to lower the cost of funds for vocational training.

The government's proposals in the context of pension reform should not be known until mid-June But the number of unemployed over 55 years did not wait until that date to increase: in May, it still rose 0.8%.

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Eramet stirs all covetousness

Posted in economics, finance, publications, resources, top news by admin on April 29th, 2010 | Comments Off

Nothing goes between two of the major shareholders of Eramet. Romain Zaleski, who holds 12.87% stake in the French mining group, calls for the dismissal of four directors, who are none other than representatives of the Duval family, which owns 37% of the company.

There is virtually no chance that when the General Assembly on 20 May, these resolutions are passed. The Duval will vote against. Their ally in a shareholders' agreement-in-Areva will probably follow suit. The intervention of Romain Zaleski, via his holding company Carlo Tassara in which are housed the Eramet shares, should be a sword in the water.

It is nevertheless part of the logical continuation of the lawsuit began in late 2009 by the businessman. Romain Zaleski wants to cancel the merger of Aubert & Duval and Eramet.Fusion, which dates from 1999 and is the origin of family involvement in the mining capital of the group. At the time, Romain Zaleski was not a shareholder. The reason for this action never stops raising questions about the real motivations of the financier. Crowding out of Duval himself would become a key player in negotiations on new developments in the capital of Eramet. But with what ulterior motives? "We will demonstrate in the coming weeks that the lawsuit Romain Zaleski has backfired," said one familiar with the matter.

Meanwhile, the plan to sell Areva stake in Eramet patina. The value of this participation is made more complicated by the attacks of Romain Zaleski.Even if they have little chance of success, it must be considered.

Securing access to rare metals

Communication Jean-Louis Borloo, Minister for Ecology, Energy, Sustainable Development and the Sea, in the Council of Ministers on Tuesday, does not simplify the situation. As noted in Le Monde, the Minister is considering the creation of a center that would combine the mining of uranium mines of Areva and those of manganese and nickel Eramet and should provide access to rare earths and some metals, essential for the industry. This event brings back another sea serpent: the dismantling of Eramet. Another issue, even result, in the end, the Duval family and Alloys division could leave the perimeter of Eramet."Such a subject is not even mentioned by Duval," says one close to the matter.

This hypothesis would at least end the procrastination of the management of Areva for its stake in Eramet, which "is either too much or not enough." At a time when access to mineral resources becomes a major issue, creating a "national champion" is not absurd.

But faced with competition from industry majors, weighing 200 billion dollars in each stock, the new French group, headed by the same Office of Geological and Mining Research (BRGM has also very little money), would in the featherweight class. However, the creation of a committee for strategic metals (Comes) is expected before the end of the first half and allow to "coordinate the various actions, including those of Ifremer and the BRGM and make them more effective" , says at the ministry.Such coordination "assuming no change". The private groups already agree with each other. Eramet and Bollore have joined in lithium (used for batteries) and overall prospect in South America.

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Sodimatex agreed with its employees

Posted in international, life, online, opinions, technology by admin on April 15th, 2010 | Comments Off

End of a difficult episode. The Ministry of Industry announced Tuesday evening that a premium extra-legal EUR 22,000 was given by the direction of Sodimatex for each employee.

Minister, Christian Estrosi, "finds that the return of social dialogue (…) has achieved a significant improvement with the support of employees, including funding of up to 51,000 euros for each employee Depending on seniority, with 22,000 euros in addition to compensation provided by law, "the ministry said in a statement.

Moreover, "? 700 000 for the training of employees have been made available under the National Employment Fund and Forthac, the collector organization credits the training in the textile industry, is committed to support training efforts developed by the state and the company, "the statement added.

A well kept secret

The 92 employees of the plant – which produces automotive carpet – demanded a premium extra-statutory redundancy 21com "> fast cash.000 euros.

The decision was taken on Tuesday afternoon. But no details were made public until Tuesday night. The secret had been kept to "shield the News", according to unions, which wanted the agreement does not fall into the water.

Employees Sodimatex Crepy-en-Valois, who had threatened earlier this month to blow up their factory to demand better severance pay, signed an agreement with management approach the weekend of April 3.

The unions committed themselves to "defuse" the gas tank they threatened to burn down and destroy them in exchange for "guarantees" on the smooth progress of negotiations with management, including premium extra-legal starting they demand.

Sarkozy to reclaiming its rural electorate

Posted in business, economy, life, publications, world by admin on April 7th, 2010 | Comments Off

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.

The former CEO of Vinci in the defendants' bench

Posted in economy, international, news, opinions, special by admin on March 25th, 2010 | Comments Off

If you want to meet Antoine Zacharias usually must go on the shores of Lake Leman to 71 years, the former CEO of Vinci now lives in Geneva. But Thursday and Friday, the boss forced to resign in June 2006 will be in Paris. Or more precisely at Nanterre, where his trial took place before the 15th chamber of the court.

All started from a complaint by a shareholder of Vinci, Michelangelo Tiphineau, filed June 12, 2006 a few days after the resignation of Zacharias. The approach of the small carrier and the departure of the historical pattern of the group have the same origin: the huge sums affected by Zacharias between 2003 and 2005 when he was the CEO of the world's leading construction companies. Up to 250 million euros, based on the share price higher.Including severance pay of 12.5 million, an annual retreat of 2.5 million and stock options by tens of millions.

The prosecutor in Nanterre has conducted a preliminary investigation for two years after which Philippe Courroye, public prosecutor has decided that the dismissal of former boss 40 of ACC before the court. A rare event, especially since, in this case, Zacharias did not leave behind a group of shareholders difficulties or ruined. Under his leadership, the net result of Vinci has been multiplied by 21, and the market capitalization by 20.

"This is the trial of a system that loses his head with a CEO who receives are astronomical compared to the employee base of Vinci," says Frederik-Karel Canoy, the lawyer Tiphineau online payday advance! ???!!!???!!!."All decisions regarding those fees are legal because they were passed without any reservation by the Board of Directors," whispered one in the circle by Zacharias. The functioning of the board is just the heart of this case. It is in this place that had played the beginning, dramatic, CEO. His heir apparent, then denigrated, Xavier Huillard, had alerted administrators against the greed of his boss.

Five years in prison

He had a wound, he has returned to court the former leader to his beard neatly trimmed, on suspicion of abuse of social goods. He took particular offense to have changed in May 2004 the composition of the Remuneration Committee, which had capped his salary. Exit therefore Alain Minc, Patrick Faure, the former boss of Renault Sport, and Serge Michel, a former General of the water.In their place is especially Alain Dinin, Nexity's boss, Dominique Ferrero, banker, and Quentin Davies, a British MP. The salary Zacharias then flew, including up to 4.2 million euros in 2005.

If the abuse of social goods is confirmed, Zacharias risk up to five years imprisonment and 375 000 euros fine. And if his former employer, Vinci, was a civil party, he will not claim damages.

Cisco Internet revolutionizes

Posted in news, people, publications, special, technology by admin on March 10th, 2010 | Comments Off

The Internet of tomorrow is on track. Cisco Systems on Tuesday launched a new twelve times more powerful than its competitors. Its name: the CRS-3.

The U.S. telecom equipment shows its capacity of 332 billion bits per second, indicating that it is possible to download the entire Library of Congress in a second. Or for a billion people watch a video simultaneously. This service delivers "the foundations of the new generation Internet," says John Chambers, Cisco's boss.

The operator AT & T has tested "successfully" the device in the context of testing a "backbone" – the core telecommunications network to interconnect networks smaller – a 100 gigabits between New Orleans and Miami guaranteed high risk personal loans . A world premiere.

This announcement comes almost a month after the internet giant Google has announced its intention to become a pioneer of Internet access at very high speed installation in the coming months networks hundred times faster than ISPs exist in the United States.

Around 18:30, the Cisco Systems shares lose more than 0.15%, to 26.1 dollars, after having degraded to about 1% just before the announcement. "Investors had anticipated this announcement at least one day before," said one analyst.

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