Sundial of world news

After three failed meetings, the representatives of EADS and the seven countries customers transport plane A400M military find themselves again next February 4th, in principle in Berlin.

They will try to find a compromise on sharing the additional costs – 5.2 billion – of the program whose final score jumped more than 50% to around 30 billion euros. EADS has rejected the proposal of the States to take over 2 billion instant payday loans .

This meeting will be held the same day as the Franco-German summit held in Paris. Optimists are betting on an agreement in principle to that Chancellor Angela Merkel and Nicolas Sarkozy announce all the rescue program.Otherwise, they should show their political support and call for a quick solution.

ALSO READ

"EADS said the state of emergency for the A400M

"A400M: the France could pay some additional costs

Around 14 hours, the Paris Bourse more clearly reflected the upward path after hesitating throughout the morning. The CAC 40 wins 0.75% to 3788 points in a trade volume of over 1.5 billion euros. At the opening, the CAC 40 index showed a greater increase of 1.07% to 3800.36 points. The finding is similar to London and Frankfurt: the FTSE-100 is progressing more than 0.21% at 5228 points (cons an opening 5261 points) and Dax from 0.19% to 5654 points (5687 points cons).

But investors in Paris were relieved by the publication of results of U.S. companies. In the vast majority of companies have reported results in line or better.Indeed, many companies publish their accounts in the fourth quarter: Ford, AT & T, Procter, Colgate, Motorola ….

Although business leaders and consumers in the euro area have found morale in January, for the tenth consecutive month, the sharp rise in unemployment in Germany (+8.6% in January) lead the growth indices European financial.

This morning in Japan, the Nikkei ended a spate of four sessions down to it lost 5%, to close a significant increase (1.58%).On Wall Street yesterday, the Dow Jones also finished in the green at 0.41%.

The U.S. Senate will vote Thursday on the reappointment of Ben Bernanke to head the institution.

Across the Atlantic, investors Parisian keep an eye on applications weekly unemployment benefits and orders for durable goods in December, at 14:30.

The bank ran out of steam

Consequence of slowing the renewed financial indices, values faltering: BNP Paribas (0.87% to 52.20 euros against 2.42% at the opening), Societe Generale (+0.69% at 43 14 euros against 2.46%), Credit Agricole (+1.86% at 11.77 euros against 2.81%) and Dexia (1.55% to 4.53 euros against 2.39% ) Payday Advance .

Plastic Omnium (3.14% to 23 euros) has announced a turnover of 2.458 billion euros in 2009, down 8.8%.In the fourth quarter alone, however, sales jumped 16.8% to 716 million euros. The group expects an operating margin up sharply for the full year 2009.

Many publications expected

Areva has returned to mid-session, the title losing 0.15% to 338 euros, having opened up slightly from 0.13%.The group will unveil its revenues for the fourth quarter of 2009, after having asserted yesterday held extensive discussions with GDF Suez for partnership in the French nuclear.

Are also expected publications: JCDecaux (1% to 18.6 euros, after opening up 2%), Sperian Protection (-0.38% against a rise of 0.30% at the opening) Etam (-2.89% to 17.45 euros), Eramet (+2.09% to 222.30 euros), Fleury Michon (+ 0.56% to 36.20 euros), Carbone Lorraine (+2.97 % to 25.45 euros) Vicat (-1.45% to 54.45 euros) and Norbert Dentressangle (+1.17% at 42.49 euros).

Beneteau (+2.36% to 12.6 euros) will hold an annual financial information to 17:30.

ALSO READ:

"The Grants found Asian colors

»TECHNICAL ANALYSIS – Cac 40: reduce the downward pressure

This time it's official: the Dutch Spyker has concluded an agreement with U.S. giant General Motors (GM) to her resume its Swedish subsidiary Saab.

Until this agreement, the case n Saab has stopped bouncing. While the U.S. giant General Motors said in December that it simply shut its Swedish subsidiary Saab lack of buyer, the Dutch Spyker Cars was returned to office with an offer the last chance. Rumors surrounding the conclusion of this agreement have been numerous throughout the day. Spyker very careful not wanting to comment on reports that circulated in financial markets.

Spyker Trading suspended

Despite this caution, speculation quickly swelled Tuesday.So much so that the Netherlands Authority for Financial Markets (AFM) has decided to suspend trading in the Spyker action on the exchanges of Amsterdam at 12:45 GMT and that "until further notice" creditreport . The title of the Dutch manufacturer had gained 2.8%, to 3.90 euros before the intervention of the regulator. The AFM said it was awaiting the publication of a statement by Spyker, to clarify the situation.

Spyker is the only candidate for the acquisition of Saab. The group would put 400 million dollars on the table in cash (74 million) and shares (326 million) of the new company that emerged from the sale, according to sources familiar with the matter. Take it or leave it. Leaders from General Motors and Spyker met last Friday in Stockholm to address the remaining points of detail, reports U.S. magazine BusinessWeek.In particular, future production plans for this "new Saab.

ALSO READ

"Saab Spyker submit a final offer to GM

"Saab continues to attract the covetousness

"General Motors decides to close Saab

The French have always been more crickets and ants that the crisis has reinforced their distrust of credit. Statistics released yesterday by the FSA, the association of financial companies show a net decline of credit extended by institutions.

Credits distributed to households fell from 13.3% in 2009, which represents the largest drop recorded in 45 years time tracking statistics. In 2008, the decline was 2.8%. Last year, special schools and have provided 38 billion euros of new funds, against 43.8 billion a year earlier.

The downturn that began in autumn 2008 was accelerated until spring 2009 (-12.4% in the first quarter and -18.7% in the second) before slowing down from the was (-16% and -5.5% in the fourth quarter).

These are personal loans which have fallen the most, specialized institutions have distributed 22.8% lower than a year earlier. The revolving loan decreased by 11.2%.

The auto loans are better off: they are down only 4% over the year and jumped over the last two months of the year. The scrapping bonus has pushed the French to change their car which is reflected in the credits: they increased from 15.7% last quarter. Finally, funding of home appliances (consumer electronics and furniture) were melted from 13.3% in 2009.

These figures may be explained by a smaller French appetite for credit, but also by increasing the rate of refusal of certain institutions (Cetelem number one industry in this case) and by increased competition from traditional banking networks.Banks operate more than before because the customer relationship by offering consumer loans. Member firms of the FSA are in fact nearly 60% of consumer credit and almost all renewable credits.

To increase its capacity from 6 to 8 million passengers per year, the airport of Toulouse, who is now a publicly owned company, had decided before the crisis, to build the new hall. A very bright and functional addition to three already existing.

The architect Toulouse Gerard Huet, who was responsible for this achievement which cost more than the 100 million euros. A terminal voluntarily generalist who will be able to accommodate both the needs of low cost carriers as majors. It has been sized to be extended if the request came. There is, for example, 12 banks record that could very easily become 24. "This is not because we built a terminal that airlines and passengers rush!" Says, however, very pragmatic, Jean-Michel Vernhes, Chief Executive of the airport.

Without falling into the trap of subsidy per passenger demanded that certain low costs "of practices which we reject," he says talks continue with low-cost airlines, which now represent 17% of the traffic bad credit payday advance .

For the year 2010, Air Nostrum, a subsidiary of Iberia, will reopen the line to Barcelona operated twice a day, however, EasyJet will increase its capacity to Charles de Gaulle and Air Austral to La Reunion. To facilitate access to the airport road has been reviewed and a new 3 700 parking spaces is under construction. It will then improve the service between the airport and downtown."We do not oppose the construction of parking and improved public transport," says the President to the attention of elected officials.

An open house is scheduled Saturday, March 6 just before the commissioning.

Patrick Devedjian, Minister of Recovery, Luc Chatel, a spokesman of the government, Eric Woerth, budget minister, Christine Lagarde, Minister of Economy, have multiplied statements Wednesday to defend the annual remuneration of Henri Proglio, chairman of 'EDF and Chairman of the Board of Directors of Veolia. On Thursday morning, Christian Estrosi has added a layer. On RTL, he said: "Christine Lagarde gave a notice is so that the government", adding: "Christine Lagarde, on behalf of the government changed its mind."

The opposition and some elected right triggered a controversy. They accuse Henri Proglio receiving dual compensation amounting in total to 2.05 million. The latter receives 450 000 EUR at Veolia. It affects one million euros plus a variable up to 60% of his salary fixed at EDF. 1.6 million.This figure was confirmed by the Ministry of Economy. The Board of Directors of EDF must treat this matter on Thursday.

Aurelie Filippetti, PS national secretary for energy, has denounced the "indecent compensation" pay day loans . The President of the modem, François Bayrou, has raised an "affront to the principles of our Republic". In November, Christine Lagarde had said before the Senate Henri Proglio not touch two salaries. The UMP MP Valérie Rosso-Debord, close to François Fillon, acted "very shocked" by this combination. Asked in the National Assembly by the Socialist deputy Christian Eckert, Christine Lagarde said in the heckling of opposition. "The president of EDF is not paid more than when he was boss of Veolia.He must face reality: there is a market, competitors, a world that has changed, "said the minister, who recalled that" the conditions in which Henri Proglio has agreed to join the group EDF were twofold: to retain non-operational role at Veolia and devote his full time to EDF.

According to the firm Proxinvest in 2008, an Executive Chairman of the CAC 40 gained 3.6 million euros. A non-executive chairman who presides over a board, 864 225 euros.

The largest U.S. bank, Bank of America, has experienced a greater loss than expected in the fourth quarter because of the cost of credit, says in a statement Wednesday.

Over the last three months of 2009, the bank recorded a net loss after minority interests of 5.196 billion dollars against 2.392 billion a year earlier, or 60 cents per share, while analysts on average expected a loss of 4 , 5 billion, or 52 cents per share. "Certainly it's disappointing loss to publish the fourth quarter. However, it should not overshadow our many successes, "said Brian T. Moynihan, president of Bank of America. Firstly, we repaid the U.S. government. Secondly, we strengthened our balance sheet through securities offerings successful. Finally, all our non-credit operations had a positive impact on our results.

Net banking income (equivalent of sales) of the bank, to 25.076 billion dollars, is also revealed in below expectations of Wall Street analysts who had forecast on average 26.84 billion in free business cards .

Bank of America has suffered a decline in demand for loans and "portfolio management debt" compared to a year ago while its revenue from market activities have strongly rebounded. "We are heartened by the resurgence of the economy for 2010, through the stabilization of our cost of funds. However, economic conditions remain weak and we expect that unemployment continues to rise. This will therefore penalize consumption and growth. "

Friday, JP Morgan Chase announced a net profit of 3.278 billion dollars (2.27 billion euros), a figure four times over the fourth quarter of 2008. Net banking income (equivalent to the turnover) amounted to 23.164 billion dollars over the same period against 17.226 billion in 2008. Levels well below expectations of analysts who had forecast at 26.2 billion. Tuesday, Citigroup posted a net loss of nearly 1, 6 billion against $ 27.6 billion in 2008.

READ ALSO: "U.S. banks confess their sins

Globally, the hierarchy for guidance in mergers and acquisitions is respected. In 2009, the U.S. Jones Day has recorded the highest number of cases, according to news site finanacières Wansquare. The British Freshfields Bruckhaus Deringer and Linklaters are close behind in second and third.

In Europe, Freshfields took the lead law firms, both in amount and number of deals advised. The former leader Linklaters earned second place in both categories.

For the French market, Cocorico! The French Gide Loyrette Nouel is spawning the second place, behind the British Linklaters and the U.S. to Jones Day.

The French game publisher Ubisoft video Wednesday revised downward its financial targets for its fiscal year 2009/2010 lagged, partly because of disappointing sales of some games and the postponement of several launches.

The number three European industry now expects sales for the third quarter of 495 million euros against 540 expected before, and 860 million euros for the full year, against 1.04 billion expected before.

Furthermore, the group, who expected a positive result of at least 70 million euros over the year, now provides a loss of about 50 million. Its business casual "(games for the family) loses a year to the next almost 160 million euros, a drop of almost 50%."Despite successes like Assassin's Creed 2, which is expected to reach 9 million units through March, or Just Dance, our very successful Christmas on the Wii, Ubisoft has not met its financial goals," says CEO Yves Guillemot , quoted in a statement.

Ubisoft announced it will refocus on its core franchises and games consoles Xbox 360 and PlayStation 3. It promises to last two outings a catalog of "very substantial", which should enable it, on the period 2010-2011, "to gain market share and improve (its) profitability."

Ubisoft lost over 9% in one week

The market, worried about developments in the industry have fully incorporated this announcement. At the Paris Bourse, the stock has indeed closed down 1.95% to 10.07 euros in a market almost stable (+0.02%). In five days, the stock has lost 9.12%.Its competitor, Electronic Arts, anticipated loss from 1.94 to $ 2.24 per share (cons – 1.2A $ 2.05 per share on the previous forecast) in its fiscal quarter ending March 30, for a turnover between $ 3.6 billion rather than $ 3.9 billion for its fiscal year.

Ubisoft is also penalized by the decision of the firm Sterne Agee analyst lowered his rating to "neutral" cons "buy" before. For the moment, "there is no reason to confirm a recommendation to buy, analysts say. The analyst firm also shown Aurel disappointed by sales of "Avatar: The Game", "well below" their expectations.They recommend to "sell" in their notes.

ALSO READ:

The CEO of Ubisoft spent Entrepreneur of the Year

"Ubisoft sales drop by half

"Ubisoft ski slope, 2010 looks better

The French do they realize the inevitability of the efforts to achieve a satisfying retirement? This suggests that a poll published Sunday in the JDD. According to this consultation Ifop *, breaking with previous surveys on the subject, 41% of respondents said they were ready to contribute more to retire as soon as possible. The average age of starting accepted amounted to almost 62 years, one third of respondents saying the same for departure between 65 and 69 years. A first. Because of this development, the level of concern by the amount of future pensions continues to grow, 76% of respondents reported little confident, against 61% a little over a year.

If the French are therefore more willing to make sacrifices, they do show, however, little lenient with successive governments.They are in fact 40% believed that the pension system has not really been up to this reform, while 48% believe that those assets have gone done the wrong way.

An instructive survey, a few months of a new launching system. The Head of State has chosen last year to advance the timing of the pension reform from 2012 to 2010. If the CGT said the current system "viable", the secretary general of the CFDT François Chérèque decides in contrast to the introduction of a points system, more personalized than the current system, as was done in Sweden. For now, the government appears not convinced, saying the country had recently suspended the system. If considering a reduction of the legal age of retirement now set at 60 years, a dues increase does not seem so far not in the agenda.

* Conducted the 7 and 8 January on a sample of 1019 persons, representative of the French population aged 18 and older, including 522 active. Quota method. The interviews were conducted by telephone at residence of respondents.