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Satisfaction and prudent. Patrice Durand, CFO, Thales has engaged in a balancing act by commenting on early trends of fiscal 2010. "We had an encouraging first quarter," says he. Markets remain difficult, the consolidated turnover increased by 8% (+5% at constant scope), while new orders booked increased 5% to 2.4 billion euros thanks to force of defense and security industry. In late March, the backlog exceeded 25 billion euros, or nearly two years of activity.

Annual objectives confirmed

However, the group finance director of defense and high technology remains cautious. "Our business is marked by a degree of seasonality. It would be premature to draw conclusions from this first quarter for the full year, "he warned.However, the group confirmed its annual goals: a stable income and an operating margin of 3% to 4%. It aims to build on its new organization – set up in late 2009 – and the first fruits of its "efficiency plan", called Basis Pro, which should reduce the cost of "poor quality" is ie the financial excesses of complex programs. In this regard, Patrice Durand said that "the landscape remains the same" for risk contracts (eg, development of avionics for the Airbus A400M military), because "you can not change radically a program in a few months, "but he adds" we are working hard in conjunction with Airbus.

Resumption of Aviation "uncertain"

The group led by Luc Vigneron remains cautious for the resumption of commercial aviation remained "uncertain" and the group will not benefit from the boost provided by the orders of the French army under the recovery plan. Unlike the budgetary pressure is at its height on the states of the euro area whose deficits have exploded over the past two years and who convert in a pinch. However, defense accounts for 60% in the activity of Thales. The challenge for the group will be to find new sources of growth outside Europe. In 2010 and in years to come.

Also on conviction to a fine of 630 million euros in total (including 15 million in interest) of France in the case of the sale of Lafayette-class frigates to Taiwan, Thales, whose share of the fine represents 27.463% of the contract or its part, has decided to "implement all available remedies" and will soon file an action for annulment before the Court of Appeal of Paris. "As an interim measure, the company will pass on its accounts of the first half of 2010 an additional provision of 35 million euros.

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The big annual event in the automotive industry held in Beijing until Sunday confirmed that the style and technology of Chinese cars are progressing well. The Citroen ZX for hire, Volkswagen Santana and other pale copies of Japanese sedans certainly live their last years of existence.

Great Wall, a great inspiration – Haval Under the label, the mark this year an unprecedented range of 4 ? 4 leisure. It is recognized in the models exhibited the features of the Volvo XC60, VW's Tiguan and the Mazda CX-7 or the Hyundai Tucson. The latter, renamed H6, is equipped with a 2-liter common rail turbo diesel and a 6-speed automatic transmission, like the original.

Microsoft on Thursday posted a net profit up 35% to 4.006 billion dollars for the third quarter of fiscal offset, and a turnover of 14.5 billion dollars, which increased 6% year on year.

"Windows 7 contiune to be a tool for growth, but we also see strong growth for Bing, Xbox Live, and the emerging markets of" cloud services, "said Peter Klein, CFO of Microsoft, said in a statement issued after -Exchange on Thursday.He added: "Our record revenue in the third quarter is a continuation of our policy of strict cost".

Mircosoft expects 2010 operating expenses between $ 26.1 billion and 26.3 billion dollars.

On Wednesday, Apple and Yahoo recorded profits for 3.07 billion dollars (89.5%) and 310.19 million dollars, the first for the second quarter 2010 and second in the first quarter of 2010. As for their sales, they amounted to 13.5 billion (+48.7%) and 1.6 billion (1%).

At the NYSE, Microsoft shares closed up 0.19% to 31.39 dollars in a market up 0.09%.

The third Chinese airline, China Eastern, on Friday announced a membership agreement from June 2010 with the Skyteam alliance is located in, including Air France-KLM. His entry will be effective in mid-2011. Companies Delta Airlines, Alitalia, Korean Air or another Chinese company, China Southern, are also part of Skyteam.

Air France-KLM had already signed a partnership with China Eastern on code share flights between Paris and Shanghai. For the French company and the alliance, the future membership sounds like a victory against the other alliances such as Oneworld and Star Alliance. Skyteam marks indeed a great point against Luftahnsa who was also in the running.Thus deviend Skyteam alliance, the largest in China, probably the greatest future aviation market in the world.

More chess with Japan Airlines and Kingfisher Airlines, which joined Oneworld, Skyteam revives success. Oneworld not in its ranks as Cathay Pacific to Asia as the marginalized in this market.

However, doubts remain about the relationship with China Airlines Star Alliance, which had signed a trade agreement with China Eastern.

In June 2010, SkyTeam also plans to host two additional members, Vietnam Airlines and Tarom.

Click on the thumbnail to enlarge the graphics.

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Le Figaro: What has motivated the association between Cidelec and Megaman in France?

Eric Louis – Megaman held its European network with an exclusive agent in each country. Cidelec is one of them. This choice allows Mega Man to keep the necessary flexibility and demand characteristics of each market and French market as we are concerned.

Cidelec side, why did you choose to import these products?

Megaman seeks innovative and impeccable quality of these products. Megaman is the only brand to produce all of its range in its plants and thus to control the entire production. Megaman, since its inception in 1994, is the only major manufacturer to produce only energy saving lamps. Megaman is now distributed in over 80 countries worldwide.Neonlite company holding the brand Megaman is a foundation devoted to sustainable development and education. All the company's profits are either reinvested in research and development to constantly improve our offer to be invested in associations and organizations dedicated to sustainable development and education. That all of these common values that we have decided to work together.

What standards are in force in Chinese factories?

Brand eco-citizen, Mega Man has all the international certifications (Management ISO9001, ISO14001 Environment …). Product quality is monitored by camera 24 24 to check life products. Each lamp undergoes a final test run of 30 minutes before being shipped. We guarantee maximum control to ensure the safety of users.Megaman fully involved in the preservation of the environment. In France, the Fondation Nicolas Hulot and Megaman have signed an exclusive partnership, Megaman pledging to support the actions of the Fondation Nicolas Hulot, the program "Climate and Energy Economy."

What are the characteristics of LED lamps for Megaman?

Megaman Lamps LED products have several advantages that allow them to make a difference on the market. Lasting up to 30,000 hours of life, they are a lasting solution with a rapid return on investment (an LED is made profitable in 6 months for professional use in 24/24).

LEDs are available in two Megaman shades of color: warm white (2800K) to habitat, and cool white (4000k) for tertiary No fax pay day loan.They enjoy exceptional color rendering, up to 92 in cool white. Megaman guarantees stability of the color temperature (+ / – 100K) at the end of life as the norm on the market is closer to 400k.

Thanks to the patented technology TCH (Thermal Conductive Highway), LEDs Megaman receive a reduced heater with heat dissipation from the surface and through the radiator reflector. The heater does not thereby exceed 70 ° C.

The use of 2 parallel circuits containing 64 micro-LED with different colors each can obtain a uniform light, diffuse and tasks without shadows.

What is your market share in France? Which circuit are you distributing?

Concerning the market for LEDs in general, we believe our market share to 3.5% (all types of lighting combined). This share reached 5.6% in supermarkets for DIY.Megaman has developed a range of LEDs Premium specially dedicated to the public. It will be available in the second half of 2010.

What are the strengths of your LEDs to the general public in a market coveted by the biggest names in electronica?

In a lifetime of 20 000 hours, the LED array Premium Megaman is specially designed for the needs of the general public. In a low energy consumption (from 5W) and enjoying a high quality diffuse light, it fits the budgets of households. After an initial investment, the consumer may benefit from use of nearly 20 years (3 hours per day) with minimum power consumption: more than 80% energy savings.

A few words about ELS …

Today ELS employs over 600 employees including 100 people outside China with offices in France, Spain, Great Britain and the United States.The ELS Group is dedicated to the marketing of lighting sources and recyclable energy saving. The desire to ELS is to offer its customers attractive products and efficient while respecting the values of man and nature. ELS CIDELEC parent company, then developed on the European market, South and North American, Australian … we have also set up a factory lights in Guangdong Province so naturally our headquarters needs to be central to So its activities in Hong Kong.

From our Washington correspondent

General Motors (GM) hopes to return to profit this year. But, for the six months following its release from bankruptcy – that is to say the second half of 2009 – the American manufacturer said Wednesday losses of 4.3 billion. A deficit can be explained by the accounting impact of one-off payment of 2.6 billion dollars to fund medical expenses of its workers unionized. Losses in the second half to add 88 billion of accumulated losses reported by GM since 2005. Fallen giant, which reveals for the first time since its release its finances in bankruptcy, however, is reassuring in terms of "positive cash flow of one billion dollars."GM will release its 2010 first quarter results next month.

The largest U.S. auto also Wednesday renewed his promise to repay the U.S. Treasury $ 4.7 billion by next June. This is the outstanding amount of loans to support its radical reorganization and exit bankruptcy instant payday loan. But the bulk of 50 billion dollars of state aid to GM has been converted into shares. The Treasury, which holds 61% stake in the manufacturer, hopes that conditions will be reunited as quickly as possible to divest this anachronistic situation through a grant from the reintroduction Detroit giant."We have important work to achieve but we are building the foundations that we will be re-listed," said Chris Liddell, the new group finance director, Microsoft hired by GM's new boss, Ed Whitacre .

Moving faster than expected GM bankruptcy has eliminated most of its debts and reduce its cost of labor. If we do not consider brands that are being abandoned, like Pontiac, Hummer and Saturn, GM sales are recovering.

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When the CAC 40 has broken the 4,000-point mark on Thursday, the big question was whether to save on Friday. The European Agreement on the mechanism of aid to Greece found Thursday evening brings a half-hearted: the Euro advanced slightly Friday at 1.3352 dollars (0.35%) and the CAC 40 back from 0.24% to 3990.99 points. Investors are cautious, discussions among European leaders to continue this Friday in Brussels. As like to remind analysts, this bar is a 4,000-point psychological barrier.

Apart from acting and the end of the summit European markets will also be attentive to 13.30 at the third estimate of U.S. GDP 4th quarter 2009.The first two estimates have revealed a U.S. GDP to 5.7% and 5.9%.

As for values, in the absence of results announcements in France, all eyes remain fixed on the bank stocks.

But also Renault and Daimler in: according to information from Figaro, both constructeursdevraient sign their alliance following a special board convened by Renault for next April 6.

In a speech to the press, St?phane Richard, the new boss of France Telecom, unveiled the outline of his managerial plan. He said such a "dialogue was established between my team and the social partners".

The trial of Antoine Zacharias, former CEO of Vinci, was opened on Thursday.He criticizes the spectacular amount of his remuneration: a severance bonus of 12.5 million euros, an annual retreat of 2.1 million euros of capital gains on stock option of 124 million euros.

According to the site of the expansion, the Franco-American investor Guy Wyser-Pratte wants to reorganize the governance of Lagard?re, he wants to evolve into a limited company.

The trustees will have no choice. Friday, March 19, Herv? Novelli, Secretary of State for Trade, has signed a decree listing the benefits which must be included in the annual package paid by owners to day management of the building. Only services that are not included in this list will therefore in future be charged as extra by the trustee.

For example, the detention and the retention of certain records (plans, rules of ownership …) are included in the package. Same principle for the holding of general meeting, whichever occurs on the days and time slots indicated in the contract.All new contracts signed after July 1 must comply with this new rule.

This order lists the tasks of daily management purposes only established by the National Council of Consumer Affairs (CNC), which he believes should not be charged extra. The vast majority of contracts trustee voluntarily complies this list, as their unions had requested them. Most owners have therefore already contracts under the new rules. But a small minority of trustees continued to ignore. The order will force them to toe the line.

Herve Novelli has however not been satisfactory associations consumer no fax cash advances .They wanted the order to go further, especially to cut short the abusive practices of some trustees accused of inventing such new costs (administrative costs for time spent making photocopies for example) and to charge off package.

"A very imperfect compromise"

Association officials condominium (Arc) was also condemned in advance the draft order, saying it would allow such trustees to continue to pay more to hold general meeting in the evening. For the General Confederation of tenants, that order is "a very imperfect compromise between consumer expectations and resistance professionals.It gives no definition of the current management, poses no limit to the abuse of special services and create difficulties of interpretation concerning the list of benefits. "

But Herve Novelli does not intend to abandon this topic. He asked the Committee on unfair terms in order to have deep expertise on the unfairness or otherwise of all clauses in contracts.

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Wall Street began the week slightly up on Monday after the Friday on sustained growth markets. The Dow Jones gained 0.18% at 10,585 points, the S & P 500 rose 0.17% to 1141 points and the Nasdaq ahead by 0.16% to 2330 points.

In the United States, week market will be under the sign of the American consumer. The two major economic indicators this week, published Friday, will be the sales details for the month of February and the preliminary estimate of consumer confidence. For specialists Aurel BGC, household consumption should remain strong after the employment figures released Friday very reassuring. Analysts fear, however, that severe winter weather does not disturb the profile of these two indicators in the short term unsecured personal loans