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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.

What the cash advance is designed for is to cover temporary financial difficulties without damaging your credit score.

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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A director known worldwide and 28 International Experts. The cast was humorous in the U.S. where critics of James Cameron announced that Leonardo DiCaprio would save BP. However, it is the director of Titanic, which last week gave the U.S. administration and President Obama a report analyzing the solutions implemented by the BP group to pump oil at the origin of massive oil spill affecting the Gulf of Mexico since the explosion of the platform Deepwater Horizon on April 20 last.

The pumping operation implemented by the British group since the beginning of June can not harvest all the oil leaking from the wells.The report, which Le Figaro has obtained a copy, said however that "BP has put in place adequate resources to address the problem," that "decisions taken by the hour after the incident are good for most" but that "more needs to be done." The panel, composed of military personnel, members of the U.S. administration, senior oil industry, meteorologists and coastguard, is especially worried about the pumping capacity of the facilities put in place and their ability to adapt to cyclones that will not fail to develop the area in the coming weeks.

Restart Operation "Kill Top»

The report therefore recommends "three solutions to medium term. It is proposed to add 8 columns pumping of oil field to the three that have been put in place by the oil group.It would exploit holes already drilled in the framework of Operation "Top Kill" capping the well in late May that resulted in failure. "It would be possible to recover far more oil than is being pumped," the report said. Experts indicate that 11 holes would substantially increase pumping capacity and limit the flow of oil into the ocean.

The vessel there since the beginning makes it possible to recover 15,000 barrels per day and a second vessel connected last week on the damaged wellhead should eventually pump 20,000 to 28,000 barrels per day. Insufficient, while 60,000 barrels daily flow into the ocean.

The second recommendation is to replace the current system of pumping with valves placed in depth by a system with valves on the surface.This equipment would stop pumping more rapidly in the event of a hurricane landfall. The experts also recommend that membership cap recovery connected to the wellhead is strengthened. They said it would send the "epoxy", "hooks" and "cement" in the hat, the high pressure and suction at this depth (1500 meters) will had to take this kind of dough.

The third recommendation is to relaunch the operation "Top Kill" bailout sinks for the butcher. Experts suggest that a second pipe is inserted into the wells, the side of those who pump oil, and that this second "pipe" sends a very heavy mud to plug.According to them, sending mud associated with pressure pumping may this time be successful.

The report finally announced that he will make proposals for "such environmental threats are dealt with more effectively in the future." According to our data the use of explosives could cause a collapse and to cap the well has been studied and could be proposed as a protocol for action in case of "new September 11th green."

The surprises have always been the marketing muscle of Apple. But the presentation of the iPhone could turn to four non-event. This Monday, June 7, at the Worldwide Developers Conference in San Francisco, Steve Jobs is expected to formally present the new version of its iPhone. A difficult task since the surprise had been nipped in the bud by Gizmodo, a blog specializing in the area. The latter was obtained for a fee, a version of the last device that was lost in a bar, then had completely husked, literally as figuratively. Result: Apple expected to miss elements of surprise in his presentation.

At this conference, Steve Jobs should focus on news and updates available for this new iPhone.But then again, few surprises in the program: the company had already submitted the software that will be applied to the iPhone 4 as she presented the platform iad, allowing Apple to develop the market for advertising applications.

According to analysts, a real surprise could come from the announcement of an extension of the exclusive sales of the iPhone to Verizon. So far, only AT & T can sell the unit on the U.S. market. But again, the mere announcement of talks with Verizon would not be a revelation: more rumors, sometimes belied by the operator to move the subject on the canvas for several weeks.

The product's most profitable brand

Although there is hardly any surprise about the iPhone 4, Apple knows that this presentation could take effect with the customer.The iPhone remains an undeniable success for the brand and the popularity continues unabated since its launch in 2007. In the first quarter, Apple said it had passed 8.7 million iPhones, representing a sales growth of 131% over a year.

The turnover of the phone is 5.4 billion dollars against 3.76 billion to $ 1.3 billion for Mac and iPod. The widening gap so quickly that observers now expects a gross margin of between 50% and 60% for iPhone cons 20-30% for Mac. In other words, the iPhone product line will be more profitable for Apple.

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Soaring interest rates Greeks did not leave the choice to Athens. Greece today called the release a device with the European Union and the International Monetary Fund (IMF) said the Greek Prime Minister George Papandreou. A solution to which it had previously refused, but reimbursement by the May 18 deadline for a $ 8.5 billion was forced to act.

It is now "a national need," said George Papandreou on live television."Our partners will take steps to offer a safe haven for help to put our ship afloat (…) and send the message to the markets if the Union does not play and it protects the euro."

The joint assistance of Europeans and the IMF consists of a loan of around 45 billion euros at a rate of about 5%, including 30 billion for member countries of the European Union and about 15 billion of IMF.

The area countries are taking their laws to release the funds. France has indicated Wednesday it was ready to grant 3.9 billion euros. In Germany, the situation is much more complicated. The government of Angela Merkel faces a strong challenge to the public.

Three events have accelerated the decision of the Greek government in recent days.Since the beginning of the week, interest rates on debt Greek continue to break records, preventing use of the Athens market in the near future. On Thursday, the European Institute of Statistics, Eurostat, has revised upward the Greek budget deficit for 2009 and reiterated his doubts about the national statistics. Finally, in the process, the rating agency Moody's downgraded the rating of Greece.

The markets reacted positively, the Athens Stock Exchange (Athex) was up by midday Friday, gaining 3.77%. By late morning, London gained 0.93%, Paris and Frankfurt 0.82% 1.25%.

More to come …

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U.S. markets resumed momentum. After opening the session on a slight increase (0.16%), the Dow Jones continues to grow more strongly in the morning, settling on a less hesitant in green. Around 17 hours (Paris time), the leading U.S. index is 0.71% at 10,257 points, the Nasdaq gained 0.23% to 2176 points and the S & P 500 rose 0.71% to 1097 points.

This stronger growth is explained by the strong housing figures, published an hour after opening. Thus, the promise of home sales in December rebounded in December from 1%, as expected by analysts, after falling 16.4% in November, according to figures from the National Association of Realtors American (NAR) .

Nevertheless, caution is required."The market is just in a holding pattern, waiting to see if the advance of yesterday continues, and watching the economic indicators and hearings on Capitol Hill," observed Patrick O'Hare, Site Analysis Briefing . com.

The shadow of the monthly report on employment which will be released on Friday, weighed on the market. Investors will also be attentive to the hearing of an economic adviser to the White House Paul Volcker before the Senate Banking Committee and the beginning of the hearing Treasury Secretary Tim Geithner on the draft budget 2011.

As for currencies, the euro rose further against the dollar (0.16%) to 1.3946 dollar. For raw materials, oil regain momentum he gained 2.17% to 75.21 dollars.

The bank under the microscope

The banking and financials should be monitored.Indeed, Paul Volcker, a leading economic advisers of Barack Obama should call on Tuesday, Congress to limit the scope for risk-taking by large banks. Fannie Mae (-1.46%), Freddie Mac (-2.44%) but Morgan Stanley (-0.02%), JP Morgan Chase (1.54%), Citigroup (-0.30%) and Godlman Sachs (1.19%) react fa?pn mixed. The latter also strongly denied rumors conveyed by the Times that the bank boss, Lloyd Blankfein, could reach $ 100 million bonus.

The title Whirlpool skyrocketing: 6.74% to 81.19 dollars. The appliance group reported a quarterly profit that more than doubled to 95 million dollars, including through measures to reduce costs fast cash without a hassle . Its turnover rose 13% to 4.9 billion in the fourth quarter.

Dow Chemical took the opposite path: -3.95% to 27.50 dollars. The chemical company has posted net earnings of $ 172 million in the fourth quarter (+11.9%). Dow believes that growth will lag behind the United States and Europe, but demand from emerging countries should maintain growth.

Manpower (3.33% to 54.93 dollars) has announced a net profit declined by 62% to $ 29.1 million, 37 cents per share, against $ 76 million, 97 cents per share, a year ago . It also provides an increase in its turnover in the first quarter.

UPS (+0.27% 58.53 dollars): the U.S. mail group saw its net income dropped 28% to 2.152 billion dollars in 2009 although it has rebounded strongly in the fourth quarter. In the fourth quarter, it rose to 757 million, nearly three times more than a year earlier to the same period.

Kraft Foods (+1.39% to 28.45 dollars): Cadbury's shareholders have until today to decide on the bid of 11.7 billion pounds (13.4 billion euros ) American group.

Bank of New York Mellon (-1.44% to 29.15 dollars) said it would buy a division of investment services to PNC Financial Services Group (-1.09% to 55.25 dollars) for 2 31 billion, including $ 1.57 billion in Action. This deal could help PNC to repay 7.6 billion dollars of public funds received by the bank. The news was not well received by investors.

DR Horton displays the finest up market: 9.40% to 13.03 dollars. The U.S. developer reported net income of $ 192 million in the fourth quarter against a net loss of $ 62.6 million a year ago.The tax credit amounts to $ 149.2 million.

Finally, the automobile industry expects sales figures of new cars in January. Ford should have recorded double digit growth over the period from January 2009. In exchange, the title is already 2.25% to 11.37 dollars.

Reportedly, police officers went to the 1st and 2nd floors of the building located at Roissy where there are particular services management and staff. CCE Air France is at the heart of a financial scandal two weeks ago. An internal audit revealed in January 12 showed in handling the accounts and invoices which nature seems far from the object of a CEC. The audit begins by the "adjustments and prior period adjustments.These operations are likely to question the principle of matching income and expenses at the right time. "

Many people must be heard this week: the auditor of the company INA, which revealed significant shortcomings in the accounts, the auditor and Jean-Yves Quinquenel, head of the CEC transition responsible for facilitating the conduct of 'audit report and free credit score .

For its part, the CFDT-Air France and Fran?ois Cabrera, whose management of the EAC is in question, talking in a tract of 25 January of a "cabal of destabilization" and indicated that "none of the parties involved, management of Air France, elected CCE, expert of the INA, auditors are not aware "of the launch last Thursday when the preliminary investigation by the financial police.

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Morale is not high on the Paris Stock Exchange in recent days and it should be so again Tuesday. After closing sharply lower Monday, markets are expected in the red today.: An hour of opening, the future Cac 40 lost 1.02% to 3782 points. The slump in Asian markets this morning gave a glimpse of what lies ahead for financial markets in Paris. In Asia, investors were not convinced by the rebound on Wall Street yesterday.

Among these, caution prevails until several important macroeconomic statistics across the Atlantic. Information should be filtered on the meeting of the Monetary Policy Committee of the Fed's on this Tuesday. There will be 15 hours the index of house prices (the day the markets had suffered a blow after the publication of resales in the United States that emerged in sharp decline from 16.7% in December).At 16 hours, will be revealed indices of consumer confidence and U.S. investors.

As for American publications, markets await the annual results from Yahoo! after market. It will also Texas Instruments, Johnson & Johnson and Dupont.

The Paris markets will also keep an eye on European statistics. We know the cost of household consumption in December (8.45), the construction of housing (8.45), the German IFO index (10 hours), the current accounts of the ECB (10 hours) and GDP in the fourth quarter in the United Kingdom (10.30).

The detailed values to follow shortly …

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With 3.2 billion net profit in the third quarter of 2009, the U.S. investment bank Goldman Sachs has recovered quickly from the crisis. And for good reason. According to a survey published by The New York Times December 23, analysts at Goldman Sachs had anticipated the collapse of the housing bubble in 2006. The officers of the bank had lowered their recommendation on the mortgage market from positive to negative in December 2006, discreetly. In the process, Goldman Sachs has begun to shed its portfolio of CDOs. The whole, continuing to sell such financial products to its customers.

Losses abysmal for some …

Created in 2005 by two traders at Goldman Sachs, Jonathan Egoli (graduate of Princeton) and the French Centrale Fabrice Tourre, CDOs (Collaterized debt obligations) known as Abacus products were stars.At that time the housing market was booming. More than $ 108 billion of CDOs were sold to institutional investors, pension funds and insurance companies in the United States and Europe between 2005 and mid 2007, according to statistics from the company Dealogic.

… Substantial benefits for other

But the end of the housing bubble has left buyers of CDOs on the straw. Goldman Sachs was not the only one to make the right bet. According to Wall Street sources quoted by The New York Times, other banks, including Deutsche Bank and Morgan Stanley, and smaller investment companies as Tricadia also bet on falling subprime.And were able to recover sums from insurers.

Given the extent of suspicion, an investigation was initiated by members of Congress, the SEC (the equivalent of the MFA in France) and the Authority of financial sector regulation (FINRA). To determine if these banks and hedge funds have violated the regulations on the sale of securities they have created and injured their own customers. Suspicions immediately contradicted by Goldman Sachs.

Goldman Sachs denies

In a statement posted on its website, the investment bank responds to the New York Times."Goldman Sachs, like many other financial institutions, has suffered substantial losses in its mortgage portfolio, due to the deteriorating housing market." Losses related to such activity amounted to 1.7 billion dollars 2008.

The bank also noted that buyers were "important and sophisticated investors, who had all the resources internally to analyze and adjust their portfolios. Finally, she denied having withheld information to the public regarding its recommendations on CDOs. While the debate swells on the federal government support to banks, which are expected to announce record profits in 2009, explanations of Goldman Sachs will likely be expected to turn.

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Article by New York Times (English)

The French Union of Petroleum Industries (UFIP) denounced Thursday the weight of the new fuel taxes. Its president, Jean-Louis Schilansky explained that "the stacking of the fees will be as a result adds a little salt on prices at the pump." "This increase will be very, very important. Long ago we had no such increase since the government of Jean-Pierre Raffarin, said the president of UFIP.

The introduction of "carbon tax" could result in an increase of 4.92 euro cents per liter of gasoline, an increase of 3.8% of current price, and of 5.41 cents per liter diesel (+5.1%). The association of consumer UFC-Que Choisir has also considered Thursday that the impact of carbon tax on prices at the pump would be "anything but marginal.With the VAT charged to tax carbon per tonne of CO2 would cost over 17 euros, as announced by the government, but 20.3 euros, VAT included. As for gasoline, this would result in an increase of 5 cents instead of 4 cents as advertised. "We expect the government to increase from 19.6% the compensation offered to households," said Francois Carlier of the UFC. The government responded Thursday afternoon indicating that the carbon tax will be fully compensated for households, including VAT, and it was never intended to keep VAT revenue generated by the measure."The amount of compensation paid to households will be exactly equal to the amount collected or 2.65 billion euros, as indicated by the preliminary evaluation of the reform, released at the same time as the bill Finance "said the Ministry of Finance.

Up to 10 cents more per liter

The UFIP also pointed to the possibility for regions to increase the TIPP (domestic tax on petroleum products) to 0.73 euro cents per liter for gasoline and 1.35 euro cents per liter diesel. This event provided by the Finance Act 2010 for areas that have additional resources for the financing of sustainable transportation (rail or water) could add further notes the consumer.

"By combining all measures that apply to fuel in 2010, prices could rise to 8.8 cents per liter for gasoline and 10 cents for diesel," says the UFIP. The upper range, which represents 7 to 10%, includes in addition to the impact of carbon tax, the maximum increase of TIPP, but also indirect effects such as the impact of extending the licensing system of economy 'Energy and the requirement for incorporation of biofuels for fossil fuels. Vendors of energy that do not respect these ecological principles being penalized.

Biofuels: a five-station is equipped with only 20% of French service stations are currently equipped to distribute the new E10 biofuel, far from 60% to 70% predicted, said Thursday Jean-Louis Schilansky, president of the French Union of Petroleum Industries (UFIP).The President of the UFIP recalled that almost all cars registered after 2000 could use the E10, but it could have a corrosive effect on engines of cars unsuited. The French ethanol producers sold 7.4 million hectoliters in 2008 and plans to distribute 20% more in 2009 with the launch of the E10.