Mar 30




The market Osram, the lighting is changing. Environmental concerns have indeed led authorities in Europe and particularly France, to decide the phasing out traditional incandescent bulbs. In France, only those under 60 watts are still allowed to sell, but their disappearance is already scheduled for December 31, 2012.

Our good old incandescent lamps are replaced by low consumption lamps, said compact fluorescent lamps (CFLs) and halogen "single pellet", that is to say the same shape as traditional bulbs no faxing 1 hour payday loans. "Today the market is largely dominated by these alternatives," said Antoine Gachet, an analyst at the marketing institute GfK. In 2005, incandescent bulbs still accounted for more than three-quarters of the market by volume. Last year, they weighed more than 36%. "

Mar 29




The next rise in gas prices is confirmed. The Commission for Energy Regulation (CER) announced Monday it has given the green light to GDF Suez to raise its rates 5.2% on average from 1 April, as announced some weeks ago by Le Figaro. After the price increases already performed in April and July 2010, respectively 9.7% and 4.7%, inflation of gas prices is 21% over one year and even 61% Since July 2005, according to calculations by AFP.

The bill for 10.8 million households connected to natural gas should increase an average of 45 euros per household.The CRE said that for the 6.1 million consumers who use gas heating, the average increase will be limited to 4.9%.

Normally reviewed every three months, gas prices had been frozen since July 2010 at the request of the government after the two major increases occurred in 2010. The formula used to reassess the gas prices at each maturity was also amended at the request of the Commission for Energy Regulation, to reflect more accurately the costs of supply of GDF Suez, taking particular account natural gas prices. According to the CRE, the increase in first performed in April 2011 would have amounted to 6.5% if the previous formula was applied.

"Crushing blow"

Gas prices also depend on the evolution of those of oil, Brent and the euro-dollar parity.Today it is mainly the sharp rise in oil prices, which soared in the wake of the Arab revolution, to reach almost $ 120 a barrel, which explains the rising cost of gas prices.

In early March, the Energy Minister Eric Besson had estimated that the next rise in April would only serve to "cover increased costs of supplying gas to our country." "This increase of 5% generates no additional margin for GDF Suez," he assured. To fight against fuel poverty, Eric Besson had then also announced an increase of 20% of the tariff reduction granted to low-income households under the social rate of gas.

The consumer association UFC-Que Choisir judge his side a further increase of 5% is a "blow unacceptable from an economic standpoint."

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Mar 25




For this last week's meeting, the CAC 40 struggled to take off, after surging 1.41% on Thursday. The index in Paris rose 0.20% to 3976.95 points. In London, the FTSE rises 0.33% to 5900.57 points while in Frankfurt the Dax advance of 0.12% to 6942.03 points.

The caution is when the problems of sovereign debt of countries of the European Union back to haunt the markets. Fitch and Standard & Poor's (S & P) lowered the rating of sovereign debt by two notches from Portugal, because of "increased political uncertainty" that has shaken the country since the resignation of Prime Minister Jose Socrates.

European leaders are meeting just since Thursday in Brussels to find a way to fly to the rescue of the country and avoid a domino effect.They endorsed the night of Thursday to Friday a comprehensive system of defense against crises of debt that carries the actual capacity of the Fund's lending support to countries in the Eurozone in trouble from 250 to 440 billion euros.

The Japanese nuclear supervision

In addition, the Japanese nuclear situation remains worrying. This Friday, the operator of the plant in Fukushima, Tepco, said that the work of rehabilitation of the plant could take another month because of the difficulties encountered by workers to cool the reactors.

In Libya, fighting continued between armed forces of Colonel Gaddafi and the coalition forces.The NATO countries have agreed on Thursday to take command of military intervention and will next week over the coalition led by France, Great Britain and the United States.

U.S. GDP revised upward in 2010

However, operators should carefully monitor the indicators of the day. On the menu this Friday:

– French GDP in the fourth quarter. Insee said Friday it has revised upwards to 0.4% growth in gross domestic product of France in the fourth quarter of 2010 compared to the previous quarter. A first estimate published on Feb. 15 gave an increase of 0.3%.

– The French consumer confidence has deteriorated more than expected in March, returning to its level of last July partly because of fears about price trends, shows the monthly business survey released Friday by the INSEE .The composite indicator of consumer confidence has emerged after 85 to 83 in February.

– Money supply M3 in the euro area rose by 2% in February (+1.5% in January).

– The barometer Ifo business climate, the main index of business confidence in Germany fell to 111.1 points in March, ending nine months of increases in a row and a record high of 111.3 points in February, according to figures released Friday.

– Overseas, economic growth accelerated sharply in the fourth quarter – GDP grew by 3.1% against 2.8% forecast by the Ministry of Commerce and 2.9% by analysts – allowing States USA finished 2010 on a rise better than expected at 2 paydayloans.9%, according to figures released Friday in Washington.

As for currencies, the euro was stable against the dollar at 1.4166 dollars against 1.4168 on Thursday.

On oil markets, a barrel of light sweet crude for May delivery yielded 3 cents to 105.57 dollars. That of Brent North Sea crude for May delivery gained 21 cents to 115.93 dollars. "Oil prices remain high due to geopolitical tension and underlying factors that support lessons, and this dynamic market seems set to continue," note analysts at Barclays Capital in a note.

Values ​​to follow

Farm Credit: + 2.22% to 12.20 euros

Farm Credit has the highest increase of ACC on Friday, while BNP Paribas qu'Exane initiated coverage of French banks with a buy recommendation on the green bank.The analyst opinion adopted a "outperform" on the Crédit Agricole, with a target price of 16.70 euros.

Edenred: + 0.33% to 21.34 euros

Edenred the group's title, after the split in July with the Accor hotel group, continued his progress on Friday, still worn by various rumors about a possible takeover of the company or paying a special dividend. The work took more than 18.5% over the last five sessions

Eurazeo: + 5.03% to 55.75 euros

The group announced Friday the creation of value target of two billion euros by 2014, a goal that comes as the investment company just return to profit in 2010.Moreover Eurazeo and fund Colony Capital exclude launch a bid for hotel group Accor, which they together hold 32.79% of voting rights, to come into compliance with new regulations, said Friday Patrick Sayer, Chairman the Executive Eurazeo.

Schneider Electric: + 0.72% to 119.40 euros

The group announced Thursday it had acquired US Summit Energy specializes in services for Energy, for $ 189 million.

Lagardère: -0.45% to 30.03 euros, Vivendi: + 0.25% to 19.74 euros

Canal + will launch at the end of a free television channel, announced the CEO of the encrypted string in an interview with Le Figaro.

TF1 (-4.02% to 12.90 euros) and M6 (-2.52% to EUR 18) react badly to the news.

Lafarge: + 0.84% ​​to 44.25 euros

Based on a review of the MFA, the Egyptian Sawiris family increased its shareholding in cement producer of over 14% in March.

EDF Energies Nouvelles: -0.53% to 35.75 euros

The group announced Thursday it had signed two contracts in Canada of electricity supply in 20 years with Hydro-Quebec for wind projects totaling 49.2 megawatts.

France Telecom: + 0.03% to 15.69 euros

Polish operator TPSA its announced Thursday it had sold its subsidiary Emitel $ 1.7 billion zlotys (423 million euros) at the bottom of Montagu Private Equity.

The Bel Cheese must publish their annual results this Friday.

Mar 24




Working at McDonalds will now give rise to a degree. The agreement signed Tuesday by U.S. group and the Department of Education now recognizes the experience of "crew" of McDonald's, those employees who work in hand or in the kitchen, as equivalent to a CAP.

The goal is to allow a thousand "crew" of the group to access the Accreditation of Prior Learning (APL) in three years, said Tuesday the CEO of McDonald's France, Jean-Pierre Petit. "This is the official recognition of a trade heart for McDonald's, which have not often been valued," he said. The American group presents itself as the largest employer of young people in the restaurant industry.

Twenty such agreements have already been concluded by the State, Fnac, GDF-Suez, Danone, L'Oreal part of the signatories."Everyone is not lucky enough to attend school until graduation. The National Education has the duty to provide a second chance, "said Tuesday the Minister of National Education, Luc Chatel, recalling that about 120,000 young people graduate each year of school without a diploma cash advance flexible payments.

"A true recognition"

One possibility rather well received by employees of McDonald's. Charlotte Sinata, 23, left school in 3rd and works for the sign for six years, including five as a team leader. She hopes to cap his agent versatile food when it passes in front of a jury at the end of the year.

"I gained knowledge in terms of food security, hygiene, but also host and management," she told reporters. A diploma is a real recognition. And I need it if I want to tell my daughter to work hard later. "

Sophie Djeba, arrival of the Ivory Coast without a degree eight years ago and "teammate" at McDonald's for seven years, made the same analysis: "a degree is very important. This opens all doors and gives great pride. "

A similar arrangement was concluded in 2004, also enables managers of McDonald's restaurants to graduate level Bac +3. The company now wants to extend the system to the managers.

(With AFP)

Mar 22




And if the natural disaster in Japan changed the game in the folder "Lauvergeon? In a context marked by accidents at Japanese nuclear power plant in Fukushima, which no longer serve and the intense debate on nuclear power it arouses in France, maintaining Anne Lauvergeon, whose term expires in June, at the head Areva could be a source of stability in this burning issue.

Questioned on the issue International TV5-RFI-The World on this assumption, the Minister of Industry and Energy Eric Besson did not rule out this scenario. For him, it is even "feasible". "The president and prime minister called for a clear process, which is to ask an ad hoc committee to prepare a list of potential candidates, said the minister. Anne Lauvergeon, as outgoing president, is automatically included in this list. "

But far from assured when we know it would maintain tense relations with the president and his counterpart EDF Proglio no credit check payday loans. Nicolas Sarkozy has even ruled that it carries a third principal. Ironically, the only woman to head a French multinational received at the beginning of March the support of Jim Rogers, CEO of Duke Energy, the … "EDF American" and client of Areva. "The power producers like Duke Energy foreground select their suppliers based in part on their leaders and their strategic vision," Jim Rogers wrote in a letter to the press.

Among the candidates to succeed, the press regularly cites former Secretary of State for Foreign Trade Anne-Marie Idrac, the deputy CEO of EADS Marwan Lahoud, Commissioner diversity Sabeg or master group Chemistry Rhodia Jean-Pierre Clamadieu.The latter has already announced he will not take the head of Areva. "I'm not part of the process of candidacy for the leadership of the company you mention," he said in late February on the occasion of the presentation of results from Rhodia.

Mar 21




The results are not completely definitive, but the yes vote heavily – around 70%. The 4180 Air France pilots were invited by the National Union of Airline Pilots (SNPL) to decide until Friday evening on the principles of negotiation to be conducted with management to reorganize the business short-and medium- mail, attacked by low-cost companies.

The pilots' union, emerged winner of workplace elections – with 71.2% of the vote in his class – became the main interlocutor for the management of Air France to build its "bases province."These four platforms, based at the airports of Marseille, Nice, Toulouse and Bordeaux, should help to decentralize the flight short and medium haul, by modeling the utilization of the devices on low-cost airlines.

The management of the company now plans to base ten units on each base, which would mobilize a total of one thousand volunteers. The Cockpit living near the bases would not have to make stopovers, which should allow the company to save money. According to calculations by the management of Air France, the reorganization should reach 15% overall savings to return to profitability.

But for the project to see the day, management and unions of pilots, stewardesses and stewards must agree on a new social setting."The referendum gives us a mandate to start negotiations," said Louis Jobard, spokesman for the SNPL, commander of Air France.

While Pierre-Henri Gourgeon, CEO of Air France-KLM, in recent months had shown a degree of caution on its ability to open these bases this summer as planned, the pilots of SNPL seem more optimistic since the plebiscite in workplace elections.

New referendum

For them, an agreement was possible in June. "This is not a classic negotiation, said Jean-Louis Barber, the SNPL. It involves building a project and to share it with the entire profession. Changing conditions of use of devices will affect the organization of working time, the compensation system … And we want to ensure the same level of security for passengers, while the pace of work will be more sustained.We organize April 8 a general meeting with the drivers to clarify some points as compensation. Then we will enter into negotiations with management. "

In late May, the negotiators should hold a new referendum could lead to an agreement in June. A schedule that would allow Pierre-Henri Gourgeon display a table of honor at the next general meeting of shareholders. His term expires this summer.

Mar 18




Nespresso, a subsidiary of Nestlé and its competitors are desperate to defend their respective pods. The Swiss Ethical Coffee Company (ECC), the most virulent opponent of Nespresso, and just get the bailiffs seized by the group of several machines in the famous store on the Champs Elysees. This operation, conducted last March 10, also held at the headquarters of Nespresso in Paris at the premises of Magimix at Vincennes, and the headquarters and in local group Seb.

Jean-Paul Gaillard, founder of ECC had preemptively filed patents at the launch of his company in 2009, should "change its Nespresso machines to prevent the use of ECC pods. He now feels that "some technical solutions adopted recently by the Nestlé group could violate some patents.Hence the entry for infringement.

Nestlé confirms the arrival of bailiffs but scans the charges. "It denies all allegations of patent infringement, annoyed the Director General of Nespresso France, Arnaud Deschamps. It permanently alters our machines, our extraction systems to improve the quality of our products, "he says, which does not mean that these changes are aimed to" block a particular competitor. " According to him, he is simply "that their capsules are not compatible."

Complaints against complaint

This latest episode demonstrates the escalating legal, begun in 2010 by Nestlé. Last year, the group assigned to counterfeit the French Casino, supplied by ECC and the American giant Sara Lee with its pod Gold and Swiss discounter Denner, who sells caps stores.A few days ago, at the request of Nestle, the Paris Tribunal has to take 50 capsules of ECC for "patent infringement of the Nespresso system.

Nestle has already suffered two setbacks. The Commercial Court of Zurich and one in St. Gallen dismissed in February and early March the group's complaints in the case Denner. In the daily newspaper of Fribourg, Liberty, Pascal Hottinger, director of Nespresso Switzerland, announces the filing of an appeal to "continue the defense of its intellectual property."

These words were echoes those made by Richard Girardot, director of Nespresso in the Geneva daily Le Temps payday advance. "We are convinced of our good faith," he explained. We conduct different actions against each of them. We do not have all attacked in the same way or on the same subjects. "

Nestlé still live in the 50s "

Search the protection seems to turn an obsession for Nestlé. Nespresso will face the expiration of several key patents in 2012. The group ensures that despite this pressure, no modification of machinery to block the competition is on the agenda. "The option exists. But currently it is not our position. We are not defensive. Our company is focused on innovation and offensive. That is our primary concern today, well beyond issues of patents, "said Richard Girardot.

But Jean-Paul Gaillard, head of the TTC, do not believe in these promises. Interviewed by Swiss television, he does not mince words with respect to a company he headed from 1989 though 1997. Nespresso he accuses of "espionage" and believes that the group is seeking by every means to "preserve its monopoly.What makes me think that Nestle is still alive in the '50s. "

A market too juicy

Verbal exchanges may still be lively among competitors at the height of their respective ambitions. On the one hand, ECC promises to enter the Swiss market in September 2011. "We sold 50 million pods in 2010 and we are aiming between 700 and 800 million capsules in 2011, including about 400 in France. The rest should be sold in Switzerland and Germany, "says Jean-Paul Gaillard. On the other, Nestle wants to spend $ 215 shopping late 2010 to around 250 in late 2011.

Nespresso is to remain a leader in a market growing at 20% in one year, which represents slightly less than 3% of Nestlé's revenue last year with 3 billion Swiss francs (2.3 billion euros) in turnover business gained.The mission will be difficult: early January, United Coffee, announced his intention to go further than the pods by manufacturing machines identical to his.

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Mar 17




The presentation on Wednesday morning, the results of the 2010 Strategic Investment Fund (ISP) gave the feeling of a routine exercise. Increasing equity of 1.3 billion euros, net income – dividends paid by equity – 646 million euros, well oiled speeches on the investment philosophy that seeks to reconcile profitability and serving the public interest . "Our goal is to sublimate all that oxymoron," even started, lyrical, the director general of the Caisse des Depots (CDC) and President of FSI, Augustin de Romanet.

Economic Patriotism

This apparent serenity was not acquired for the young institution. Actually created in December 2008, at the heart of the crisis, the ISP immediately caught many reservations.The presidential ambition to give France a sovereign fund dedicated to the defense of its enterprises in difficulty, while the country has no particular resource for abundance, was initially surprised. Governance complex induced by a shareholding split between the State and the CDC 49% to 51% then fed complex power struggles. Initially, the ISP has been regarded as the Trojan state to influence the CDC. Despite regular friction between representatives of both shareholders, the overall situation has subsided.

"The ISP is based on a governance issue," said Augustine Romanet. This is the only way for the public interest that the fund stands is forfeited no part i. "He responded to the changeover to criticisms of the senators of the majority.The latter had moved last winter that Parliament has no control over the management of the fund's portfolio, and it can not "judge the quality of investments and the criteria."

To withstand various pressures, the ISP must show exemplary results, not so much financial – the fund's portfolio is still too young to measure profitability – industrial cheap pay day loans. And that's where the question thickens. The ISP has set a goal to invest in minority businesses with high growth for a period of long-term to compensate for the lack of private capital.But behind these rational criteria overlap always more political demands of economic patriotism.

Among the key operations of this year include the acquisition and – timely for the vendor Areva – 10.9% in STMicroelectronics and the acquisition of Appolo alongside activities of the former Pechiney. As a result, the U.S. fund holds 51% of the company specializes in aluminum, and the ISP 10%. The alliance between the ISP and Apollo surprised. "It seemed more important to maintain the anchoring of the French company in France, defended himself yesterday Augustine Romanet. On the same front of the media files, are two sides to balance. During the division of Accor and the estate of Jean-François Roverato Eiffage, the ISP has failed to impose its views.

In total, in 2010, the fund has invested in 21 companies directly, bringing to 42 the number of beneficiaries of its capital since its inception. The figure is even greater if one takes into account the fund's satellite ISP. In total, he has made 1.7 billion euros in 2010.

The new CEO since September, Jean-Yves Gilet, an industrialist from ArcelorMittal, wants to accelerate the pace. In 2011, he set three priorities FSI: regional roots, promoting socially responsible investment and participation in development of industrial clusters. "We will look primarily to the famous midsize businesses (ETI). We have identified about 1000 targets. We have already seen 400 and invested in more than thirty of them, "he was welcomed.

Mar 15




The Paris Bourse playing yoyo Monday. Already upset Friday by the earthquake and tsunami that hit on Japan, the Cac 40 fell back. After changing course several times in the morning, he sold 0.72% mid-term to 3900.59 points.

In London, the FTSE-100 5839.11 0.02% gleans points. The concern, however, is more vivid when the ignition Dax loose 0.56% to 6842.66 points.

Operators are reluctant while alarming news from Japan are linked. The Government refers to as a loss that would have a "considerable" on the national economy, adding that huge funds needed to finance the reconstruction of the areas tested.

Serious malfunctions at nuclear power plants in the region ravaged quicken concerns about the consequences of this disaster on all Japanese companies and the entire region.The Bank of Japan (BoJ) tries to calm markets by injecting funds into the financial system records. At midday on Monday, already 15,000 billion yen (131.6 billion euros) have been released. But this news has not been enough to reassure the markets of the region, primarily the Tokyo Stock Exchange, which has unscrewed from 6.18% at closing for its first full day of trading since the disaster.

Concerns from Asia should also largely occupy the mind for that day. Indeed, no major indicator except industrial production in the euro area in January, is expected Monday.It will wait until Tuesday for a news might make a difference in publishing in the U.S. index of house prices and the Fed decision on rates.

Oil and euro down

In this tense environment, oil appears down in electronic trading in Asia, the market worried about a drop in demand in the short term hit in Japan. Around 11:00, Brent North Sea crude for April delivery traded at 111.82 dollars and New York, a barrel of light sweet crude (WTI) let go two dollars to 99.16 dollars.

On the currency markets, the yen Monday morning in front flexes in other currencies. The intervention of the BoJ has helped slow the sharp rise of the yen against the dollar. Around 10:30 am Monday in Tokyo, the dollar went back to 82.20 yen after falling to 80.60 yen on Sunday, its lowest level in four months.For its part, the euro fell to 112.47 yen. Against the dollar, the European currency gained some ground. Around 11:45 am, the euro bought 1.3971 dollars against 1.3901 on Friday.

Renault, EDF and LVMH affected by the disaster

Renault: -3.15% to 39.47 euros, the biggest drop CAC 40

Nissan, Renault's Japanese partner in the Renault-Nissan, has closed four assembly plants in Japan and no site would reopen Monday. Nissan, the second Japanese manufacturer, manufactures 22% of its vehicles in the archipelago. Furthermore, the manufacturer faces a new twist in the case of alleged espionage. Dominique Gevrey, one of three security officials of the group, was remanded in custody to view this weekend.He is indicted for "organized fraud" and jailed in January following the dismissal last three frames of the group.

LVMH: -3.50% to 106.15 euros, PPR: -1.61% to 106.75 euros Hermes: -2.16% to 149.75 euros, L'Oreal: -0.70% at 81 , 07 euros

The luxury sector is likely to suffer the effects of the earthquake and tsunami that devastated the north-eastern Japan. The archipelago is the second largest global luxury goods market after the United States and elbow to elbow with China. For Hermes is the first market (17% of sales) while for LVMH, representing 9% of sales. The luxury division of PPR meanwhile 16% of its turnover in Japan. L'Oreal, for its part carries about 2.5% of its turnover in the country.

Areva (-8.91% to 31.75 euros) shows the largest decrease in the CAC 40 also affected by the nuclear risks in Japan.EDF (-4.51% to 29.20 euros) is also in trouble as Scor (-2.29% to 18.82 euros).

Bolloré put on Guinea

France Telecom: -0.61% to 15.38 euros

Orange and the Kuwaiti Agility will acquire a 44% stake in mobile operator Korek Telecom Iraq, announced Monday morning the French incumbent in a statement.

Bolloré: + 0.29% to 158.95 euros

The group on Friday signed a contract worth 500 million euros with Guinea for management of container port of Conakry, the capital of the West African country, state television reported.

Sopra Group: -0.63% to 71.05 euros

The group announced its intention to hire 2,500 people in 2011 in Europe, 1600 in IDUs in France in the consulting, systems integration and software development.

Altran: + 1.22% to 4.30 euros

The French group technology consulting has reported a net income Group share loss of 26 million.The group said to be in talks to divest all of its activities in Brazil. He anticipates continued growth at a high level in France in 2011 and continued improvement of its operating margin in 2011.

Vivendi: -0.10% to 19.73 euros

The group does not invest more than 6 billion pounds (6.9 billion euros) for the redemption of the capital of SFR held by the British telephone operator Vodafone, according to the Financial Times.

Note that the bank is well oriented: Credit Agricole (3.99% to 12.13 euros) is the largest increase at Societe Generale (3.34% to 48.31 euros), followed by Natixis (+2 , 74% to 4.21 euros) and BNP Paribas (2.39% to 54.41 euros).

Mar 13




After opening down, Wall Street back into positive territory on Friday. The Dow Jones gained 0.16% to 12,003 points, the S & P 500 ahead 0.50% to 1302 points and the Nasdaq rose 0.33% to 2710 points. Caution remains appropriate. Investors fear the consequences of the earthquake that hit Japan last night. Bad news that comes on top of disappointing indicators released Thursday and the tensions that persist in Libya.

Oil continues to unwind

These concerns, however, help to relax the price of oil which opened Friday down $ 3.05, passing below the 100 dollars to 99.65 dollars exactly.

On the macroeconomic front, retail sales in the U.S. rose 1.0% in February from January, as analysts anticipated, according to figures released Friday in Washington by the Department of Commerce.

U.S. consumer confidence fell in March, according to an index released Friday by the University of Michigan, which was 68.2 against 77.5 the previous month.

Restocking of manufacturing firms and corporations increased 0.9% compared to December in the U.S., according to figures released Friday by the Washington Department of Trade and rather good news for the U.S. GDP.This increase is slightly greater than the median forecast of analysts who gave 0.8%.

AIG: -0.49% to 36 low fee pay day loans.30 dollars

The insurer American International Group said on Thursday to buy back $ 15.7 billion in cash (11.4 billion) of mortgage assets that the U.S. government had recovered during the financial crisis through the bailout group.

National Semiconductor: 3.88% to 14.71 dollars

National Semiconductor has published an annual turnover less than expected for the third quarter of fiscal year due to destocking at its distributors, but its forecast of sales growth for the current quarter is in line with expectations .

Clearwire: -1.74% to 5.65 dollars

The Clearwire CEO Bill Morrow has resigned as part of a wider reshuffle at the head of the wireless network operator, amid difficulties to finance its investments and dispute between the group and its majority shareholder Sprint Nextel.

Chevron: 0.64% to 99.71 dollars

Chevron announced the sale of its refinery in Pembroke, Great Britain, for 730 million dollars U.S. refiner Valero. The latter said in a separate release that the acquisition would be accretive to its earnings immediately, adding that the transaction should be finalized in the third quarter.

Apple: +0.41% to 348.09 dollars

Apple launches this Friday the marketing of the new version of its iPad tablet.

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