While the manufacturing sector remained in growth in the United States in August, while analysts expected a contraction. This index, calculated by the Institute of Supply Management (ISM), falls to 50.6 against 50.9 in July and 48.5 expected.But investors have extra caution while construction spending heavily relapsed in July in the U.S., continuing to suffer from the weak housing market, according to figures released Thursday by the Commerce Department.

In addition, the decline in nonfarm productivity in the United States was larger than initially announced in the second quarter, against a backdrop of weak economic growth, according to revised figures released today by the Department of Labor. And the number of jobless declined in the United States during the week to August 27, at 409,000 against 421,000 the previous week. Economists were anticipating 410,000 registrations.

The blow came from the White House. If it has revised down its forecast budget deficit of the U.S. federal government for 2011 and 2012, it has also revised down its growth forecasts.The Budget Office of the White House (OMB) said in its biannual journal that the deficit should reach 8.8% of GDP for 2011 and 6.1% for 2012. It revised down its economic growth forecast to 2.1% this year and 3.3% for 2012, pushing the unemployment rate to 8.2% in the fourth quarter, up 0.9 point less than in July 2011.

European debt worries yet

In Europe, the issue of debt remains a concern for investors. According to calculations by economists of the IMF if the European banks were asked to write on their balance sheet obligations of States in the euro area market value, their tangible equity would fall to about 200 billion euros in total, from 10 to 12%, reports the Financial Times. In fact, the debt crisis is far from over and the discrepancies between European leaders are continuing.Latest, the EU president, Herman Van Rompuy, downplayed the significance of the "golden rule" budget that Paris and Berlin want to impose the euro area, even as France in extolling the virtues.

Values ​​to follow

The side of values, French Fimalac announced the sale of its Canadian subsidiary Algorithmics, specializing in software for the financial industry, IBM (-0.92% to 170.32 dollars).

Automakers said Thursday strong growth in sales of cars in the year to August in the U.S., 31% for Chrysler, Nissan 19%, 18% for General Motors (-4.16% to 23.03 dollars) and 11% for Ford (-2.52% to 10.84 dollars), despite difficult economic conditions.

The title Ciena surged 20.18%. The manufacturer of equipment for telecommunications shows a profit for the first time in three years, while analysts expected a further loss.

Goldman Sachs has been unscrewed from 3.49%. The U.S. Federal Reserve demanded that the U.S. bank to make the services of an outside consultant to review the mortgages issued by one of its subsidiaries, to identify and compensate borrowers who have been victims of improper seizures .

In addition, a judge overturned the conviction of SAP (-1.04% to 53.85 dollars) to pay to $ 1.3 miliard Oracle (-0.80% to 27.85 dollars).

The distribution group online eBay (-1.43% to 30.43 dollars) is looking for acquisitions in Japan and China, the two largest economies in the Asia, where the group wants to develop, said an official of the eBay Wall Street Journal Thursday.

Also note, after closing the CEO of the U.S. investment bank Bank Of New York Mellon (-0.15% to 20.64 dollars), Robert Kelly, has resigned because of "differences in management approach Company "with the rest of management, said Wednesday the establishment.He was replaced by Gerald Hassell, a member of the board, the bank said in a statement.

For its part, the number two mobile phone in the U.S., AT & T (-0.74% to 28.27 dollars), suffered a blow Wednesday with the opposition of the competition agencies, the proposed takeover its rival T-Mobile for $ 39 billion.

Cameron International (-0.83% to 51.53 dollars) has announced the acquisition activities of LeTourneau drilling products held by Joy Global for about $ 375 million in cash. The same Joy Global said it had experienced for its third quarter ended July 29, orders rose by 49% to $ 1.4 billion and sales up 34% to $ 1.1 billion.Operating profit reached $ 236 million against 172 million last year.

Costco Wholesale (1.20% to 79.48 dollars) issued net sales up 17% year on year to 6.9 billion in August and 27.6 billion dollars in the fourth quarter. In addition, CEO Jim Sinegal announced his departure on 1 January 2012 and its replacement by the Director of Operations Craig Jelinek.

Stryker (-1.23% to 48.24 dollars) will acquire Concentric Medical, specializing in the manufacture of products for the treatment of ischemic stroke, for $ 135 million.

Vizada, which employs over 700 people and has a turnover of 458 million euros, was born from the merger of satellite communications Norwegian Telenor and France Telecom.It has 200,000 users worldwide, among them "ships of the merchant marine, emergency response agencies, government and military units, media companies, providers of telecommunications services and Internet, as well as 'business aviation, military and civilian, "said EADS.

Supplier of the U.S. government in the airline industry, Vizada has received this year a contract with the U.S. General Service Administration to "ensure access to services for mobile satellite communications to government customers and military payday loan." German and French armies are also among its customers.EADS achieves its fourth acquisition since the beginning of the year and its biggest operation since the acquisition, for 2.75 billion euros in September 2006, the 20% of Britain's BAE Systems in the capital of Airbus .

Reduce its dependence on sales of Airbus

In late June, Eurocopter has completed the acquisition of Vector Aerospace Canada for 450 million euros. Last week, Airbus has purchased the American Metron Aviation, a service provider for air traffic control, for an undisclosed sum. He launched a bid in the amount of 348 million euros in the Danish Satair, a specialist in the supply of aircraft spare parts. "These acquisitions reinforce Astrium, Eurocopter and Airbus in services and in the U.S. market," said Boris Zaïtra, corporate vice president and director of mergers and acquisitions at EADS.

"We're not Greece or Portugal. We do not need to do something drastic, "said Barack Obama.The situation of the United States is indeed very different from the peripheral countries of Europe are grappling with the crisis of sovereign debt. Nevertheless: the absence of a congressional vote before August 2, the U.S. Treasury can no longer borrow as it has already reached the limit of its debt. It would be forced to stop paying some of its creditors.

"Golden Rule" Republican

Shortly before the intervention of Barack Obama, John Boehner, chairman of the House of Representatives, promised the adoption by his fellow Republicans of a "robust plan" to raise the debt ceiling to 2.4 trillion dollars. This text does not include any tax increases, cap on federal spending and also provides for the adoption of a constitutional amendment such as "golden rule" to prevent budget deficits. In other words, it is unlikely to generate a consensus in the Senate.Barack Obama has confirmed that he opposed it.

In the Senate, bipartisan negotiations, subtle and inventive, continue. The leaders of both parties hope to combine a reduction of expenditures in the order of at least 1 000 billion over ten years, raising the ceiling to be de facto delegated by Congress to the President.

The aim is to enable elected not to vote explicitly for raising the ceiling or to the tax increase. Increasing the cap would take place in three stages and maximum total amount would be 2 500 billion, just enough to allow the Treasury to pay all his debts until after the 2012 elections.

According to the proposed scheme, only two-thirds majority in both houses can block increases ceiling decided by Barack Obama. It does not say that this effort to succeed.Or that the elected House of Representatives accept the principle or detail. The installation is complicated as it may be associated with a new method of reduction in social health (Medicare) and retirement (Social Security). A bipartisan commission would draw up by the end of a list of savings to be realized.

These declines are explained by the release this Friday afternoon, disappointing numbers in employment in June that contradict the good results of the ADP survey released Thursday.The hires are in fact remained at a standstill for the second consecutive month, with only 18,000 jobs created, while the unemployment rate continued its rise, to 9.2%, according to figures released by the Department of Travail.Le report Official "is seen as a crucial gauge for assessing the short-term capacity of the world's largest economy to withstand" the signs of slowdown in the country's economic recovery, analysts explained the broker FXCM.

On the macroeconomic front, investors will also monitor the numbers of consumer credit in May (21 hours).

For his part, President Barack Obama acknowledged yesterday that the disagreement persisted with the Republicans on the budget and debt.He has given a new appointment on Sunday to elect to provide an update on the progress of talks will take place by then.

First results expected Monday half

Attention should also be strengthened by the forthcoming opening of the ball half-year results. As usual the aluminum giant Alcoa (-1.33% to 16.27 dollars) will open the show these ads on July 11 or next Monday. Generally considered a barometer of the health of the U.S. economy, the aluminum companies would announce analysts said a sharp rise in earnings in the second quarter.The rise of aluminum prices and increased demand, especially from aircraft manufacturers, accounted for much of this improvement.

On the foreign exchange market, the euro lost ground against the dollar on Friday, traders moved cautiously before the release of the official report on employment and unemployment in the United States, major indicator to assess the strength of resumption of the world's largest economy.In early afternoon in Paris the European single currency was worth 1.4323 dollars against 1.4356 dollars Thursday

The side of values, given the green light Thursday by the shareholders of the transatlantic exchange operator NYSE Euronext (-0.40% to 35.26 dollars) a merger with Deutsche Börse marks a victory for its chief executive Duncan Niederauer, who strongly defended the project since mid-February.

Always on the side of values, the U.S. pharmaceutical company Pfizer (0.10% to 20.25 dollars) is considering "strategic alternatives" including the potential sale of its animal health business and infant feeding.The animal health division of Pfizer in 2010 achieved a turnover of 3.6 billion and nutrition Pfizer $ 1.9 billion.

Moreover, after the close of Wall Street, CEO of Exco Resources (7.46% to $ 0.72) Douglas Miller has revised its bid on the company to 18.5 million in cash and a part in actions against 20.5 million in cash earlier.

For its part the News Corp. (-2.84% to 17.42 dollars) will close the British tabloid Sunday News of the World, in the heart of a wiretapping scandal.

Also note, the Taiwanese SemiLEDS (-8.06% to 5.70 dollars), listed on Wall Street has announced a loss of 5.1 million dollars, or 16 cents per share against 6 cents expected. Turnover was down to 5.6 million against 9.9 million last year and 6.3 million expected.

"Against unemployment. Organize yourself and fight. Let us march together against unemployment and capital, "proclaimed one of the great signs. "We are not commodities in the hands of politicians and bankers," said another banner in red letters.Under the slogans, demonstrators of all ages, families with strollers, young, unemployed and retired, came to testify of the same tired response to the crisis that is strangling the Spanish company.

Unemployment and corruption

Protesters targeted the Stability Pact in the euro area and its imperatives of fiscal discipline, politicians accused of corruption and not the voice of citizens, unemployment hitting 21.29% of the workforce in Spain, almost half the age of 25.

"We must prepare for a general strike 100% free credit score. We will paralyze this country, "said a speaker at the microphone."Banks and governments that have caused this situation should be aware that we do not agree with the measures and budget cuts, we intend to be heard, and that we will," assured the flat platform calling for demonstrations across Spain.

Broad popular support

Tuesday, June 13, the "outrage" had dismantled their camp from the Puerta del Sol in Madrid, a symbol of this wave of protest. Enjoying broad popular support, they now want to consolidate their movement through the neighborhood assemblies and other occasional events.

Other demonstrations were planned in the late afternoon on Sunday, including Barcelona and Valencia, and in several foreign cities, including Paris, where nearly 450 "outraged" gathered.

ALSO READ:

"INFO ON DEMAND – The reasons for the youth revolt in Spain

"Spain:" Young people want to imitate the Arab revolution "

"Greece is planning a referendum on the rigor

"Greece: the scenarios of the crisis

"SPECIAL – Europe, States facing bankruptcy

LE FIGARO. After Laurent Joffrin-Claude Perdriel, boss Le Nouvel Observateur, has poached the co-chair of Liberation, Nathalie Collin. Do you feel betrayed?

Edouard de Rothschild.The torque-Laurent Joffrin-Nathalie Collin has improved the content and quality of Liberation, but as a fellow shareholder and chairman of the supervisory board of the newspaper, I am a reproach to have left to buy social peace without reforming the business . This is an opportunity for liberation can modernize and reform the house, whether its organization, operation, management.

A few months ago, you were considering a merger with Le Nouvel Obs …

As a shareholder, I'm not political and I observe from a distance, but I find that a squabble between Le Nouvel Observateur and Liberation is sterile, unproductive, when primaries will play within the Socialist Party and where major substantive discussions will be held on the left.

Your strategy for liberation Will it change?

Le Nouvel Observateur is an aging institution.Today, a generation of readers is renewed. It is within this context that Nicolas Demorand joined Liberation as "publisher". A new "publisher" should be appointed shortly. We have some interesting candidates to succeed Nathan Collin. We will choose three to Bruno Ledoux, group Colbert Land, the daughter of Italian shareholder Carlo Caracciolo, and myself.

"Nothing in a week, we estimate our losses to 3 million euros," said Friday afternoon at Figaro Angelique Delahaye, president of Vegetables in France. She just finished consolidating losses estimated at national level by some 3,000 growers of cucumbers and tomatoes. "We're going to report these figures in the service of the Ministry of Agriculture in the context of the experts meeting in Brussels next Tuesday," she says.

Half of the losses on the production of cucumbers and half the tomatoes."We lost earlier this week a program to supply 500 600 tons of tomatoes to 1.10 euro per kilo from the German central purchasing or 550,000 to 660,000 euros less," says Pierre Diot, president of the AOP (Association producer organization) cucumbers and tomatoes, producer Mordelles, west of Rennes.

Brittany produces half of the tomatoes of the Hexagon, 30% from the Deep South and the rest of the Nantes region. "After a week of total absence of trade in vegetables, we are angry because we have no alternative but to destroy our production," said Louis Vinet representing growers Nantes, tripling affected free business cards.

Salads down 20%

However, it is too early to assess damage on sales of salad, vegetable of which the French are especially fond of this heat – they consume nearly 7 pounds per year -."The production is spread among a multitude of gardening and it is more difficult to gather the numbers," says Angelique Delahaye.

The only certainty in Rungis, Ile de France, the second producing region of the Hexagon salads, "salads sold volumes dropped 20% in a dynamic market, however, except of course the cucumbers fall of 80%," says Michel Lemelin, president of the union of wholesale fruit and vegetable market of Rungis.

In this difficult context, French producers can always relativize their misfortune by saying that the situation is worse elsewhere. Particularly in the Iberian Peninsula. The Spanish Federation of Producers exporting fruits and vegetables (FEPEX) estimated losses on Tuesday "to about 200 million euros per week" for the entire sector, citing a "domino effect" affecting other Spanish products."All fruits and vegetables were impacted by Spain. Fortunately in France strawberries, zucchini, eggplant and continue to sell, "relativize Angelique Delahaye.

To break this cycle, the European Ministers of Agriculture are scheduled to meet around 17 June in Luxembourg for a special meeting on the subject.

On the foreign exchange market, the euro rebounded against the dollar on Thursday, helped by speculation about a coming increase in Chinese investment in the European sovereign debt.By late evening in Paris, the European single currency was worth 1.4135 dollars against 1.4083 dollars late Wednesday.

On the macroeconomic front, the U.S. GDP grew 1.8% in the first quarter, according to the second official estimate of the growth of winter, which confirms the original figure while analysts thought it would be revised upwards (consensus expected 2% growth).

New jobless claims in the United States are divided on the rise during the third week of May, 424,000 according to figures released Thursday by the Department of Labor (cons 414,000 the previous week), while analysts expected a decline, to 400,000.

Microsoft: 1.98% to 24.67 dollars

The investment fund Greenlight Capital, a shareholder of Microsoft, wants to remove the CEO of computer giant, saying that Steve Ballmer is a man of the past.

Computer Science: -13.02% to 38.35 dollars

For his part Computer Sciences announced yesterday evening after the close of Wall Street have registered for the fourth quarter of fiscal year 2010/2011 earnings per share of $ 1.09 against $ 1.16 and $ 1.66 expected year past. Turnover was 4.2 billion, stable over one year.Over the full year, EPS fell 10.4% while turnover remained stable at 16 billion dollars.

Liberty Global: 1.51% to 44.92 dollars

Also after the close of U.S. markets, Liberty Global has received an indicative offer from Foxtel to buy back its subsidiary Austar United Communications owned 54.2% at a price of 1.52 Australian dollars per share, valuing the share of Liberty Global to nearly one billion Australian dollars.

NetApp: 6.92% to 55.31 dollars

NetApp reported for the fourth quarter earnings per share of $ 0.59 against $ 0.53 expected and $ 0.5 last year, while turnover reached 1.4 billion dollars against 1.2 billion last year.For the quarter, NetApp expects earnings per share of 0.52 to $ 0.57 and revenues of about $ 1.5 billion.

Google: -0.30% to 518.13 dollars

Also of note, Google has unveiled a contactless payment solution developed by MasterCard and Citigroup. The owners of Android phones will eventually make their phones instead of their credit card at the checkout.

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.

ALSO READ:

"Unemployment: Towards a reinforced monitoring of young

With this increased activity improves the group's biannual report even if it remains in the red.Euro Disney shows an overall net loss of 99 million euros, with a net loss after minority interests of 82.9 million euros in the first half, reduced by 13% over one year. In addition, net cash available now stands at 323.7 million euros, 40.2 million euros more than the previous year.

Few concerns despite the occurrence of Easter Monday

After the accident last April 25 in one of the top attractions "Mine Train", a decrease from the coast of confidence in the Euro Disney park could have been fear. However, according to a statement of management to AFP on Tuesday, closing the "Train of mine has had no impact" on traffic on the park.

The title had also not undergone any impact after the announcement, indicating that investors did not foresee a drop in visitors following the incident.Always about the accident, Philippe Gas, the CEO of the group, told AFP that the company would "never compromise on safety."

This enthused the "sharp increase" in attendance by customers French, Belgian and British, who are its key markets.

As for prospects for the second half, high season for the group, Euro Disney is confident. At Treasury, returned after borrowing up to 46 million euros this semester, the group expects a return of 77.5 million euros during the second half.

Around 14 pm on Euro Disney's stock price was 9.35 euros, down from 1.27% in a market up 1.56%.