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After three sessions of gains, the U.S. markets have found equilibrium after having been driven for much of the meeting, with good statistics.

At the close, the Dow Jones ended down 0.09% at 10,397 points, the Nasdaq ended in perfect balance, to 2281 points while the S & P 500 ended with a tentative increase of 0.04% to 1119 points.

However, the U.S. private sector has destroyed 20,000 jobs in February, which represents the net number of redundancies, the lowest since the beginning of the fall in employment two years ago, according to the monthly survey released Wednesday by the cabinet ADP . This is consistent with the median consensus forecast of analysts.

And the destruction of jobs in the private sector in the United States have continued to slow in February, falling to their lowest level since the beginning of the fall in employment two years ago, according to ADP.And activity in services in the United States, which accelerated more than expected in February, to 53, its highest level in over a year.

But even if the austerity plan announced Wednesday by Greece reassured, "some fear that if Greece is doing, markets n'aillent look to other problem countries in Europe. This is something that must be taken into account throughout the year 2010, "Rick Meckler moderates of LibertyView Capital Management. At 18 hours, the Dow Jones gained 0.31% and 0.37% on Nasdaq.

Furthermore, the Beige Book Fed confirmed the scenario of slow growth in the United States in 2010.

Oil prices gained more than a dollar Wednesday, boosted by a bout of weakness in the dollar and signs of a rebound in consumption of fuels in the United States, even if otherwise crude stocks rose sharply last week.The barrel of Brent North Sea crude for April delivery gained 84 cents to 79.02 dollars compared to the closing price on the InterContinental Exchange (ICE) in London easy payday loans .

The euro goes off in higher Wednesday, supported by the austerity measures announced by Greece. The single currency back above the $ 1.37 dollar to 1.3727 (1.3%).

On the values front

At the close, the biggest capitailsations have lost some ground they had gained earlier in the meeting.

The maker of construction equipment Caterpillar took 0.76% to 58.59 dollars, the aluminum producer Alcoa 0.76% to 13.34 dollars and industrial conglomerate General Electric 0.88% to 16.04 dollars .

The title of the pharmaceutical company Pfizer has lost 1.65% to 17.31 dollars.e pharmaceutical group is preparing to launch a bid of nearly four billion dollars for the German manufacturer of generic drugs Ratiopharm GmbH, reported Wednesday several sources close to the situation. In its wake, are the values of health have weighed heavily on the trend.

The specialist mining equipment Joy Global has published forecasts welcomed by investors, as the climbing 5.85% to 54.51 dollars.

Group Title Barrick Gold Gold rose 1.75% to 40.16 dollars.

The title of the software company Novell has soared by 28%, to 6.08 dollars.The investment fund Elliott Associates offers to buy the entire group with an offer of 5.75 dollars per share in cash, for a total market capitalization of two billion dollars.

Costco Wholesale (-1.14% to 60.7 U.S. dollars) has reported a quarterly profit up supported by a resurgence of attendance. For its second quarter ended February 14, 2010, Costco posted a profit of $ 299 million, 67 cents per share, against 239 million, 55 cents per share, a year ago.

In the wake of Grants in Asia this morning, the CAC 40 on a downward trend during the early exchanges. It lost 0.53% to 3669 points before embarking on his decline of 1%.

Meanwhile the employment figures in the United States, which will be published in early afternoon, the French public deficit rose to a record 138 billion euros in 2009 against 56.3 billion euros last year. As the trade deficit, it was absorbed in 2009 to 43,03 billion euros against 55.14 billion euros. Other important economic indicators are expected in Europe: Industrial output for the month of December and for 2009, Germany, and producer prices in January, Great Britain.

Finally, the finance ministers and central bankers of the G7 meet in Iqaluit, Canada.

The detailed values to follow

After criticizing the organization of the nuclear industry, Henri Proglio blames the system of distribution of gas and electricity, according to the financial daily Les Echos, Henri Proglio would have felt during a trip to Mount de-Marsan January 25 last, that the current organization involving EDF and GDF Suez in the distribution of gas and electricity, through their respective subsidiaries and ERDF GrDF, figure was "nonsense".

As for unions, the direction in which this issue is not a surprise, but "the idea of separation is a major concern in the year 2010, the newspaper reported.

Already in early January Francony Michel, CEO of ERDF, had indicated that the joint service between ERDF and GrDF was "faced with the necessity of (the) provide organizations and own way of functioning, better able to respond to issues more and more different and sometimes contradictory.

Moving with the times

Force is indeed clear that the context has changed since the time when both companies have been reconciled. EDF and GDF were then public monopoly . GDF Suez is now closed and the market is competitive.

Yet about 45,000 employees, are 95% of the total workforce of ERDF and GrDF continue to work respectively for the maintenance of power lines and gas pipelines.

Henri Proglio recovery and the idea of messing up the organization.But he will face unions and local politicians who advocate mixed organizations and public service mission, and legal provisions, but "around".

The case should take its time …

Michel Francony on an ejection seat

Also according to Voices, the new boss of EDF had proposed to his colleague Michel Francony leaving office, whose mandate expires in 2012. But it should not let them. Implied, another slow and choppy affair prepare.

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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 François 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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The manufacturer's CEO, Carlos Ghosn, was summoned to the Elysee Palace on Saturday to explain about a possible transfer of production of the Clio in Turkey IV. Several questions remain suspended.

Renault To calm the game two months of regional elections, announced by the press this week of a possible relocation of the Clio IV in Turkey has taken a political turn that had not expected the group. Carlos Ghosn, CEO of the diamond manufacturer, had to return to Japan on Saturday to explain his strategy to President Nicolas Sarkozy.

An interview that lasted over an hour and which was also attended by Industry Minister Christian Estrosi and Patrick Pelata, deputy CEO of Renault. "Carlos Ghosn said the Head of State that Renault will continue work and site activity" Flins (Yvelines), the Elysee said in a statement released after the meeting.The site will always French production of current models of the Clio, and that "part of the production of the Clio IV", which should begin in 2013, added the president.

Promises to blurred

After the announcement effect, many questions remain unanswered. Carlos Ghosn confirmed in a statement last night that the well would produce Renault Clio Flins IV, "with a second location in Bursa, Turkey. However, no details on shared tasks. "Speaking today in volume is not very realistic," he defends the boss of manufacturer in an interview with Journal du Dimanche. "The important point is that Flins is a permanent site for Renault and that employment will continue to run." A "term" which is not clearly defined.

For the Socialist Party, who responded from last night's meeting between Nicolas Sarkozy and Carlos Ghosn has "given birth announcements waves. Nothing was said about "the strategy of Renault in Turkey. Nothing about the intentions of the state regarding its stake in Renault (15%) or its representation on the board of directors. The subject was not discussed, according to Carlos Ghosn.

Flins bet on electric cars

Today, Renault wants to focus on its electric vehicle project. The production model Zoe in 2012 and will be entrusted to Flins. "We manufacture in France models with high added value," says Carlos Ghosn at Parisian. And among these, Zoe, "which should represent 60% of our sales of electric vehicles. Forecasts certainly reassuring, but the prospects for electric cars are still unclear to this day.

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A pull of the wrong color, ever read a book or CD in duplicate … Father Christmas does not always meet every household. A solution now exists to deal with this situation: selling gifts on the Internet. While more than 18 million unwanted properties are expected under the pines, 41% of Internet users plan to sell online gifts disappointing, or 20% more than in 2008, according to TNS for site auctions eBay. A system that has more and more popular, especially in times of crisis, when many French are eager to supplement their pay to finance spending Christmas and New Year or even recycle an object.

"This has really started there two or three years, but since 2008 there has been an acceptance of the principle," says the Figaro.fr Gérard Mermet, a sociologist and director of research firm Francoscopie.Sites of purchase and sale between individuals such as eBay, Amazon, Rue du Commerce, Amazon or 2Xmoinscher now prepare to welcome regulars appointments but also newcomers, starting Thursday evening and throughout the month of January .

Put gifts in stores on December 25 or 24

"Christmas is the time of year when we recruit new sellers," says Pierre Kosciusko-Morizet, President of Amazon founder, reached Figaro.fr. The consumer is now in a sense consuming evil. If an object is not useful, much resale.

But how to proceed if disappointing Christmas gift? "It is important not to unwrap it to prove they are new, the best is to put a picture showing it still packed. The potential buyer and said he will make a good business, "says Esther Ohayon, spokeswoman for eBay.For CDs, DVDs or books, it is also best to choose a fixed price and specify the gain that the consumer can do in relation to price.

For the rating of these products' bestseller, appearing each year head resales after Christmas, declining rapidly. "I therefore advise users to upload their property on the 24th night or December 25th and set a price just below the lowest rate of this object," explains Pierre and Kosciusko-Morizet. Another tip is that of Gérard Mermet, a philosopher, "to avoid conflicts, also make sure that people who have offered you a gift does not attend the site where you sell.

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France will issue the market for 188 billion euros of debt in 2010, against 175 billion originally estimated, said the Agency France Trésor (AFT) after a decision of the Minister of Economy Christine Lagarde.

AFT said that amount takes into account the 22 billion euros to be used to finance the huge debt which must be subtracted 9 billion euro share buyback due 2010.

"The net emissions will be distributed as follows: around 10% in bonds indexed to inflation, the remainder being divided between BTAN (medium term) and OAT (long term), adds the public body which aims to put debt of France on the market.

In 2009, the agency bought for 13.6 billion purchase of securities prior to maturity, including 11 billion maturing in 2010 and 2.6 billion euros in 2011.

Securities issued debt has steadily increased in recent years. In 2009, they amounted to 165 billion euros, against 128 billion in 2008 and 97.5 billion in 2007.

Having virtually disappeared in 2008, housing loans granted to U.S. households with a financial risk profile remake flourished. According to a study by John Krainer, an economist at the Federal Reserve Bank of San Francisco, these loans subprime currently represent 20% of total new loans granted overseas. This share is equivalent to that observed in 2006, before the financial crisis broke out, and when those loans were heavily allocated.

The economist said however that the number of assignments mortgages has narrowed considerably. "The writing of new mortgages has slowed considerably over the past two years.The net indebtedness of households backed mortgages has declined every quarter since early 2006 and is now negative for the first time since the 1970s.

A new type of loan subprime

John Krainer, however, stressed that "subprime" are different from current products subprime granted before the crisis. Now, "the three organizations provide mortgage refinancing semi unprecedented support to the housing market, owning or guaranteeing nearly 95% of new residential mortgages," says the Fed economist.

Banks are no longer transform risky loans into securities traded on the market as they do not have a government guarantee.Thus, the quality of securitized products is more controlled: the GSEs mortgage refinancing that are Fannie Mae, Freddie Mac and Ginnie Mae to ensure. "The securitization carried out parastatals were much more likely to include floating rate loans and accompanied by incomplete information on income and assets of the borrower," said John Krainer.

This increased control reduces the risks of securitization, a practice that is hardly used outside of such mortgages. The Economist points out, however, a drawback to the supervision of banking practices: this intermediation could hinder the return to normal housing market.

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