Sundial of world news

"We see the gentleman behind the great communicator." Thus did Laurence Parisot commented on Monday, the first decision of the boss of Publicis Group, the new President of the French Association of Private Enterprise (Afep, which includes hundreds of large companies including those listed on the CAC 40). Maurice Levy has proposed to his counterpart Medef code to complete their common governance, to promote parity. The text now recommends that boards of directors (or supervisory) have at least 20% of women within three years and 40% by six years, these deadlines will act over the arrival due mandates.Some recommendations that match the proposal passed earlier this year by the Assembly at the initiative of the UMP MP Marie-Jo Zimmermann, with the support group president Jean-Francois Cope, who must still pass the Senate .

But the draft law provides for sanctions, including revocation of appointments of directors who flout the rule. Nothing like it in the code AFEP-MEDEF: all the betting is that firms will not dent their image. This is the principle of "comply or explain" ("comply or explain"), which Maurice Levy thinks it will be very effective: "If the rule is not applied, it should explain why in its annual report and before his shareholders.This is the strongest thing that can be imposed on a board of directors. "This idea of self-regulation had given birth to the code AFEP-MEDEF, allowing companies to avoid legislation on executive compensation (parachutes gilded, stock options …). Similarly, Maurice Levy believes that "the law is no longer necessary" on women directors. Marie-Jo Zimmermann replied "very pleased that companies show their willingness to move forward" but hopes that his bill "continue its path. He took this sword of Damocles that things start to move, we'll see in two or three years if we can remove it.In addition, continued its elected Moselle, my text provides a resolution of the board annually on equality across the company: hiring, pay, career development … ".

Bernadette Chirac at LVMH

"We may not like quotas, but there are circumstances where a little help can ease the situation," said Laurence Parisot, who "companies are at the forefront. We never talk about discrimination suffered by women in top management. The subject is still in the agenda of the "Social Agenda 2010" of Public Service."And we talk enough about the risk of decline with future territorial advisors," says the boss of bosses, the voting could be first past the post, whereas the regional advisers are currently elected on joint lists.

According Afep, women accounted for 10.4% of the directors of the CAC 40 in late 2009, and is expected to rise to 15.7% this year. Carole Lewiner will be ushered to the board of Bouygues, Laurence Dors at Capgemini, Meglena Kuneva at BNP Paribas in Fatine Layt Imeri … Without forgetting Bernadette Chirac at LVMH.

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Tax policy will be one of the major challenges of the 2012 presidential. Elected representatives of the majority have realized that the crisis had substantially changed the perception of the French measures taken at the beginning of the quinquennium. In the UMP as among the centrists, parliamentarians are increasingly likely to claim "adjustments" of the tax shield in the left side, which for three years, tirelessly seeks its removal. The Budget Minister Francois Baroin, who was auditioning for the first time Tuesday by the Finance Committee of the Assembly reaffirmed the need to maintain the tax shield to send a message of "fiscal stability" for French taxpayers who chose to go abroad to save taxes.

A topic "anxiety"

But the lines are moving in the majority.Thirteen UMP deputies said they would seek in a bill, the "suspension" of the tax shield to "finance the pension reform, reduce deficits and to support people in precarious situations. Jean-Francois Cope, the owner of UMP, which remains "very committed" to this device, does more to suspend the application "for a limited time, for a visit of solidarity.

The chairman of the New Center, Herve Morin, said that the question deserves "a full debate". The deputies and senators are centrists on the issue at the forefront, and that of the ISF. Jean Arthuis, the chairman of the Senate Finance Committee, has long called for the abolition of the tax shield and the removal of the ISF, with consideration for the creation of an additional tax on income at 45%.In the House, Charles de Courson, a specialist in budgetary matters, is on the same line as the president of the centrist Alliance for the ISF. But it does not require the abolition of the tax shield. He would prefer the way the CSG and CRDS shield calculated at fixed rates, and that the CRDS is increased by 0.2% to 0.3%.

Jean-Francois Cope,, recommended the merger of the income tax, the CSG and CRDS to reduce deficits and debt, which have become a subject of "anxiety" to the French. This was the observation that the majority elected to have the opportunity of the regional campaign. Cope also agrees with a repeated request of many of the elected majority, leaving the principal residence of the base of the ISF.

The story accelerates. This Friday, the Japanese group Sharp has introduced a tiny touch screen, color, reproducing 3D videos. The big innovation is that this screen does not require glasses. A step that should be taken seriously. Unfashionable as it may eventually large screen televisions in 3D now being launched in the U.S. by Samsung and Panasonic but need to don special glasses.

However, to see the effect in relief, it is necessary to be right in front of the small screen, 30 cm apart. "We can only produce small screen in this technology. In addition, 12.7 cm diagonal. It must be well in front, otherwise the perception of 3D fade, "says Patrick Chardin, director at Sharp France. To develop its new technology, the Japanese group has improved its previous innovations.Three years ago, in Tokyo, Sharp has introduced an innovative technology which allowed three people to watch at the same time, a different program broadcast by the same TV, depending on the position of each face on the screen. Each point on the screen was broadcasting a different image depending on the viewing angle of the viewer.

According to this principle, with an image emitted for each eye, the semiconductor division of Sharp has designed its new 3D display device called an "interlaced effect. The additional cost compared to a conventional screen is not excessive.For the screen in landscape consists of a conventional LCD panel on which is placed a filter.

Nintendo

But because of its limited size for the 3D effect, "we focus on three markets: portable gaming devices, smartphones (note: mobile phones for surfing) and embedded screens, such as GPS in cars" said Patrick Chardin make quick cash.

Production should begin in September. One of the first objects that can use this technology should be the next portable game console, Nintendo 3DS, announced last week and promised for 2011. For its previous screens of the DS, sold 125 million units, Nintendo had already appealed to Sharp as a supplier.

Nintendo's next console will be presented in June in Los Angeles at E3.The Japanese group said the old games the DS can be reused on its future console. With 3DS, the group led by Satoru Iwata will take another step ahead of the Sony PSP (67 million), which was sold two times less than the DS. In addition, the CEO of Nintendo will reduce competition from the iPhone and iPod Touch which guests are on the market for portable game consoles.

Moreover, it could sell 78 million smartphones equipped with 3D screens by 2018, says DisplaySearch.For now, only one mobile is sold only in Japan by Hitachi, with a 3D effect without glasses.

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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.

NRJ Group may blow. In a difficult economic environment in 2009, the broadcasting group announced on Thursday a return to the green with a net profit of 6.8 million euros against a loss of 4.6 million euros in 2008. Revenues excluding exchange operations declining slightly by 0.4% to 330 million euros. The news, however, may not be appreciated by the markets. These projected a net profit of 15 million euros.

For its part, NRJ Group is satisfied with these results. The group managed to improve its operating performance with a net operating profit up sharply from 38% to 25.4 million.Operating income for the handset business, which had sealed the results of their 2008 deficit of 9.5 million, were not disclosed.

Cleopatra and the TNT derive results

NRJ Group finds particularly strong improvement in the poles and television shows. The first saw its revenues rise by 75.6% to 43.9 million euros through the two channels of the TNT NRJ 12 (third string DTT) and NRJ Paris. The group managed to reduce its operating loss in this sector to 15.8 million against 22.7 million.

The cluster performance makes the best performance with an increase of 712% of its revenues in 2009 to 26.8 million euros against 3.3 million a year earlier easy pay day loans !!!???!!!? ??!!!."This strong growth mainly due to the success of the musical Cleopatra whose contribution to consolidated sales amounted to 25.0 million euros in 2009 compared to 0.5 million euros in 2008" , the company said.

In contrast, the pole Media music has suffered a fall of 15.7% of its revenues to 197.9 million euros.International operations also saw their incomes fall by 9%.

Improvement for

For 2010, the group was cautious in a "fragile economic environment" and a "visibility remains low.

But positive signals are detected including "an improving trend on advertising revenues in March, thanks to sales growth in Radio France, which could therefore register growth in the first quarter of 2010 compared 1st Quarter 2009 ".

"In television, the trend remains strongly positive since the beginning of the year," the statement concluded.

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The NYSE is concerned. After closing at its highest since 18 months yesterday, the U.S. markets begin the meeting this Wednesday in the red. At the opening, the Dow Jones coward 0.23% to 10,826 points, the Nasdaq fell by 0.36% to 2406 points. The S & P is also losing ground: -0.35% to 1,170 points. The remote Greek crisis worried now overseas. To these doubts was added degradation by the rating agency Fitch of Portugal. Investors expect the EU summit tomorrow with more anxiety.

The new real estate undermines morale

Side indicators, the Commerce Department has issued orders for durable goods in February increased 0.5% from janvier.C is somewhat less than expected.

Later, the numbers of home sales, but new this time for February will be announced.Then came the weekly U.S. oil stocks, provided by the Department of Energy. Stocks expected to rise, which was lost over a dollar on oil Wednesday.

"The new home sales should remain very depressed. While sales in the former have declined less than expected, but in February they returned to their lowest level since 8 months, says it at Aurel bcg. The nine are still suffering the competition of the old and foreclosures. Inclement weather does not argue for a pleasant surprise on this indicator no credit check payday loans .But this figure is already bad clearly anticipated by the markets. "

Adobe in the viewfinder

Adobe Systems announced late Tuesday quarterly results for its 2009-2010 fiscal year better than expected and also reported predictions of the second quarter exceeded expectations.

MF Global has announced that the former governor and former chairman of Goldman Sachs, Jon Corzine, has been appointed executive director of the group.

In the property sector, Lennar has sharply reduced its quarterly loss, and assured to be on track to return to profit this year.

ConocoPhillips said Wednesday that it would halve its 20% stake in Russian oil Lukoil.

General Mills on Wednesday posted earnings per share (EPS) of 96 cents for its third fiscal quarter ended February 28, cons EPS of 85 cents a year earlier.

Dell targets a turnover of five billion dollars in China in 2010, according to CEO Michael Dell.

On the foreign exchange market, the dollar rose to its highest level in ten months and a half, about 1.34 dollar per euro, against a single currency penalized by the fact that the European Union (EU) could agree on an action at the International Monetary Fund (IMF) to stem the crisis in Greece.

La France, Germany and other euro countries are preparing to establish a cordon sanitaire around Greece. To avoid the contagion of the fiscal crisis in southern Europe. The decision Wednesday by mature finance ministers must be confirmed Thursday by a special economic summit convened in Brussels.

Past Time denials on a "bailout plan", the sixteen Ministers of Finance have written Wednesday afternoon, the scenario during a videoconference decided in haste with the ECB president, Jean-Claude Trichet, and the new Commissioner of Economic Affairs Olli Rehn. Thursday it was the turn of the Heads of State and Government. Paris seemed to confirm an impending decision by saying that Nicolas Sarkozy and Angela Merkel will speak together at the end of the summit."This is a response to market concerns," said President of the Eurogroup Jean-Claude Juncker.

Risk of contagion

The capitals of the euro area are found immersed in financial emergencies. It is no longer helping private banks threatened with bankruptcy, but sovereign states, victims of speculative attacks that threaten the stability of the euro.

Greece, whose fiscal situation is dramatic, can not find a buyer for the debt markets, less than 6% for a state loan to ten years, a price two times higher than Germany.The scenario of failure refinancing of Greece, with an explosion of interest rates, leading to bankruptcy of the country, hanging over all Euro zone.

The risk of infection, reported by the European Commission itself has closed the debate on whether to isolate and treat the first victim vigorously payday advance . "Greece is affected, and everybody crosses their fingers on a much more cumbersome: Spain", notes one diplomat. Treatment thought Wednesday could well be applied to others. "We envision all possible scenarios," said one senior European official.The draft promises to be bitter for the country ill: an infusion of bridging loans and short-term government guarantees, with counterpart, a say close to Europe and / or creditors in the reorganization undertaken by the governments.

These are the states at the forefront Paris and Berlin, who took the initiative. The French and German banks hold nearly 40% of the Greek foreign debt, which is active in mueraient balls if the crisis drags on trust.

Even with a label "European", the injection of state funds – for example French and German – to help a national treasure would be a first in the euro area. The creditors will not invest lightly in countries that already spend for pierced baskets. "Yes, help arrives.No, there is no question of releasing the pressure on Athens, Wednesday secured a European negotiator.

In practice, they are also the states should ensure, with an assiduity worthy of the IMF, that Greece meets the rigor period prescribed by Prime Minister Papandreou.

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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, Fran?ois 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 Val?rie Rosso-Debord, close to Fran?ois 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.

According to a source familiar with the matter, the operator SFR, a subsidiary deVivendi, is poised to become the exclusive distributor in France of Google smartphone, Nexus One, launched Tuesday in the United States. For the record, SFR had already obtained the exclusive G1 or HTC Dream, the first mobile phone using Android, the operating system from Google.

According to press reports, the U.S. giant has decided to choose one operator per country to relay its new jewel, now distributed directly by Google on its online store.

The Nexus One is now sold for 529 dollars without contract and $ 179 with a contract T-Mobile in the United States.In Europe, the smartphone should be offered to around 370 euros without contract and at least 200 euros in the case of a package of 24 less.

According to the weekly Le Point, Vodafone could sell the "Superphone" Google before the end of the first quarter at a price below 200 euros for a unit purchased with a monthly package available to less than 50 euros, and engaging for two years.

Google has already signed a partnership with Britain's Vodaphone for the marketing of the "Google phone" in Europe, and with Verizon in the U.S.. Confirmation of the exclusivity of SFR in France for distribution could be made "in the coming days," says the source close to the matter.

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