Sundial of world news

New outbreak of fever at SNCM. During one week, a dozen sailors were delayed for one hour each day the ship departs The Corsican liaising Nice L'Île Rousse. They demanded an adjustment of their pay with that of other marine company. They succeeded, and The Corsican found Thursday its normal pace.

This social movement falls at the worst time, tourist season and while the company controlled by Veolia has also lost market share in the first half. Its traffic decreased 7.1%, one of Corsica Ferries increased by 17.5%. Moby Lines, comer, has received nearly 33 000 passengers in three months.

"Our main concern is with Moby Lines are denied benefits that help the passenger, and Corsica Ferries.With the current system, they can only gain additional market share, "worries Alpozzo Frederick, Secretary General of the CGT sailors of the SNCM. For the union, the welfare system to the passenger distributed by the local authority Corsican airlines operating out of Nice and Toulon is "antagonistic" to that of the public service delegation (PSD), benefiting SNCM and CMN from Marseilles. "This is not a compensation of public service but a premium for social dumping," Frederick Alpozzo ton.

Risk of losses in 2010

A report commissioned by the government pointed the problem. The ball is in the camp community Corsican. A special session is scheduled in September to review all aid to maritime transport. "SNCM is in a delicate position.She could ask to not go after the convention of CSP, which expires at the end of 2013, we recognize the Corsican Transportation Agency (CTA). Out of the red in 2008, SNCM has gained nearly 18 million euros in 2009 thanks to a gain on disposal of a vessel (26 million). The CTA believes that the company's losses could reach 20 million this year. To make matters worse, if a new DSP is launched, the agreement could exclude ferries operating at peak periods. She would come into force in 2012. Suddenly, the reduction plan envisaged by the SNCM fleet in February, dropped after the strikes of the CGT, may become relevant.

"We need things to change and we stop losing money.Either we reorganized the DSP is still there and it will be dramatic, because it will break everything, "Frederick alarmed Alpozzo who admits fear a scenario where the SeaFrance 725 employees will be dismissed.

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The CAC 40 has struggled to define a trend on Friday. The meeting has been volatile, rising succeeding downward and vice versa. Halfway through, the ACC showed an increase of 0.54% to 3619.85 points after opening down 0.13% to 3595.66 points. Before switching to newcomer to build in the red to 16 hours under the 3600 points. Finally, ACC closed with a gain of 0.18% to 3607.05 points.

Elsewhere, the indices have evolved piecemeal. The London Stock Exchange, which opened down 0.37%, ended on a note steady at 5312.62 points. The DAX index of the Frankfurt Stock Exchange, which had also started the session on a decline of 0.27%, finished with a gain of 0.39% to 6166.34 points.The Madrid Stock Exchange, where banks are under pressure as the newspaper El Pais said in its edition today, regaining ground with a rise of 1.07% against -0.54% in early trade.

The waiting game surrounding the publication of results of stress tests of European banks calls for caution investors. On the currency markets, the euro back a bit against the dollar, under $ 1.29.

Asian markets have them selected more strongly green this morning. Yesterday, U.S. markets have done a great meeting at which time the Dow has gained almost 2%, relatively insensitive to the announcement of a surprise increase in weekly unemployment registration.

Consumption of French decline

In terms of macroeconomic statistics, the session looks very calm.No major indicator is expected in the United States.

In France, the French household consumption of manufactured goods fell 1.4% in June after the previous month was supported by purchases of televisions before the World Cup, according to figures published by INSEE before the opening markets. Throughout the second quarter, it shows a decrease of 0.9% after falling 1.9% on the first three months of the year. Analysts on average expected a rise of 0.2% in June

INSEE also believes that the request to industry has increased significantly in the second quarter but is expected to decline in the third.The balance measures the views of industrialists on the past evolution of aggregate demand was 9 in the previous survey in April to 17 in July, and 4-14 for foreign demand.

In Germany, business climate has improved significantly more than expected in recent weeks. The Ifo index rose to 106.2 against 101.2 in June (revised from 101.1 in the initial estimate) last month. Economists and analysts had expected decline to 101.6.

TF1 jumped after its results

Stress tests, however, occupy the banking sector.BNP Paribas (-0.06%), Societe Generale (+0.08%), Credit Agricole (-1.11%) and Natixis (+0.10%) are unsure about what direction to take.

Moreover, the markets will again this session to analyze several quarterly publications:

TF1 (6.41% to 12.45 euros) announced before market advertising revenues up 11% in the first semester for a total turnover of 1.28 billion euros, above consensus. Net income group share was 74 million euros over the period. The objectives are significantly revised upward with a turnover in 2010 rose by 7% instead of 4%.

STMicroelectronics (-3.58% to 6.49 euros) reported Thursday a profit above expectations at 18 cents per share, with sales up 27% to $ 2.53 billion.Analysts on average expected a profit of 14 cents per share and a turnover of 2.513 billion dollars.

Pernod Ricard (-2.34% to 62.61 euros) a statement on Thursday its forecast annual operating profit thanks to the improved economic environment and its position in emerging markets.Its turnover in 2009-2010 emerged, up 2% on a comparable basis.

Ubisoft (-0.07% to 6.97 euros) issued a revenue increase of 94% in the first quarter of 2010-2011, to 161 million euros and confirmed its objective of a sales draft 160 million for the remainder of the year.

BioAlliance Pharma (0.91% to 5.53 euros) announced a record turnover of 15.2 million euros in the second quarter against 1.5 million a year earlier, after recording in April in U.S. Loramyc, headlight treatment of fungal infections in patients with oral cancer or AIDS.

As for ads, Alstom (3.73% to 38.55 euros) said it had won contracts valued at about 450 million euros for the construction of two units for a combined cycle power plant in India.

Air Liquide (1.15% to 87.78 euros) announced Friday the signing of a new contract with Russian steelmaker Severstal for investments worth 50 million euros in total.

Legrand (1.86% to 25.68 euros) Thursday announced a takeover offer for Indo Asian Switchgear India, where he produced nearly 4% of its annual turnover after the acquisition. Indo Asian Switchgea aims for 2010 sales of more than 35 million euros.

Maurel et Prom (0.53% to 9.45 euros) announced Thursday it had increased to approximately 70 million euros the amount of its issuance of convertible bonds to five years following the full exercise of the option overallotment.

Mixed. Between the good results released Tuesday by Intel and announcements pessimistic Fed, the U.S. markets have been slow to find the right direction. They finally finished in extremis in the green. A green very hesitant. The Dow Jones gained 0.04%, Nasdaq 0.35% advance in 2250. In contrast, the S & P 500 was down 0.02% to 1095 points.

On the foreign exchange market, the euro remains above 1.27 dollars to 10:40 p.m. at 1.2738 dollars (0.14%). The dollar seems to lose some of its appeal as a safe haven. The encouraging start to the season half results in the United States seems to restore investor confidence and encourages risk taking. The European currency was on his side with the success of the issuance of treasury bills Greeks.The operation, with a rate of 4.65%, the first since May, when the euro zone and the IMF have provided loans of 110 billion euros over three years, has aroused demand of over 4.5 billion euros, well above the 1.25 billion that the country wanted to raise.

Retail sales disappoint, the Fed resolutely pessimistic

To many observers, the Fed was going to share in the minutes of its monetary policy meeting, the revised growth forecasts downwards. It is clear that they were right. The U.S. central bank now expects growth of between 3% and 3.5%, against a range from 3.2% to 3.7% three months ago. The finding is similar to unemployment. Consequently, the Fed is considering new measures of monetary policy to support the U.S. economy.

Side indicators on Wednesday, the Commerce Department reported a 0.5% drop in retail sales in the U.S. last month, after declining 1.1% in May according to a revised estimate. Economists and analysts polled by Reuters were predicting a decline of 0.2%. Compared to June 2009, sales were up 4.8%. This statistic is added to a series of numbers considered disappointing, especially in real estate and industry, and suggests that the recovery ran out of steam a bit faster than expected.

Intel Features

On the side of values, the salvo of quarterly results continues on Wall Street. The microprocessor giant Intel on Tuesday said the "best quarter in its history, with net income of $ 2.9 billion, better than expected, and a turnover exceeding its forecasts and also market expectations.Intel shares gain 1.67% to 21.36 dollars.

Always on the side of values, the U.S. group Northrop Grumman defense (3.13% to 56.99 U.S. dollars) has also announced Tuesday after the close of Wall Street of its intention to separate from all its shipyards, it would close one on the Gulf of Mexico within three years.

The word "low cost" is less and less taboo at PSA Peugeot Citroen. In early May, Philippe Varin, the boss of the manufacturer, said that the group "did not rule out being on the low-cost one day." He said: "If this were the case, it would not be with our two brands."

So far, the group said informally that such a vehicle was considered only for Asia. But on Wednesday, on the occasion of the presentation of business results of the first half, Jean-Marc Gales, director of Peugeot and Citroen, has taken a new step.It does not mark a low cost, the third group, is distributed in Western Europe, even if the device has not "yet been decided" for the continent.

Chinese Partner

"If we did, and I say this in the conditional, a car really low-cost, it would necessarily under a different brand and obviously with a different distribution method, which could be" completely different and very creative, "he said, citing sales via "Internet". No matter under him from selling such vehicle in a Peugeot or Citroen dealership, and therefore to take the risk of blurring the image of two brands that are trying to go upmarket.

Asked about the possibility of building such a vehicle with a Chinese partner, Jean-Marc Gales said "one could imagine many things" with these manufacturers credit reports free.PSA, which has already formed a joint venture in the Middle Kingdom, will sign one second Friday with Changan, fulfilling a letter of intent.

Meanwhile, the group develops a medium sedan declined under the Peugeot and Citroën, which will be for the "heart of the range" of emerging countries. Production will be initially located in Spain. In the same logic, PSA works in partnership with Japan's Mitsubishi, with a small entry level car for these markets.

At the last general meeting of the group in early June, Philippe Varin had hammered this sedan designed for emerging markets was neither low-cost, or intended to Western Europe.More broadly, he appeared to reject the principle of marketing a low-cost model in Europe: "If a low-cost means low-end model, manufactured in low cost countries and for Europe to the West, while the group is not on the low-cost, had he stressed.

Given the success of Dacia, the Romanian brand Renault, which has exceeded 5% market share in France, the Lion is now considering actually in the parade.

Perhaps fears about the monthly employment figures expected with apprehension before market are already partly integrated into the course. The Dow Jones gained in effect to 15.45, 0.36% to 9767 points, the Nasdaq advance from 0.08% to 2103 points and the S & P 500 rose 0.24% to 1030 points.

The American economy has destroyed 125,000 non-agricultural jobs in June against 110,000 planned. This is the first time since the beginning of the year that the U.S. economy is destroying jobs and the number of registered job destruction last month was the highest since October 2009.

The private sector has created 83,000 jobs, however, against 33,000 in May and 112,000 expected by the market. Despite the job losses recorded in the month, the unemployment rate of 9.5% in June, its lowest level since July 2009, against 9.7% in May Economists expected a rate of 9.8%.

The figures, preliminary unemployment weekly published Thursday, however, very disappointed. "For three months, enrollment weekly unemployment are the yo-yo around a trend average of 462,000, economists are of Oddo Securities. The dismissal of the enumerators of the population, down sharply in June (see Chart 3 above), could affect these results, but, anyway, the job recovery seems decidedly weak. "

Europe and China in the minds

If the relatively low funding requests from European banks with the ECB reassured yesterday, the threat of a downgrading of the rate of Spain by Moody's, the clouds that accumulate on the growing global concern, however, more than never the United States.Several indicators, unemployment and housing U.S., in fact, yesterday, had a marked fall in European markets, while Wall Street has finally, paradoxically, proved to be more combative resistance payday loan lenders. The weakening of the greenback against the euro is perhaps helped. The late publication of monthly sales of car manufacturers, sharp rise, too.The sixth meeting of decline has been less severe than expected, the Dow ended down 0.42% to 9732 points and the Nasdaq fell 0.37% to 2101 points.

While the downward revision of growth prospects of China Conference Board had, following a calculation error, contributing to a decline in the markets earlier this week, China could reassure the contrary on Friday: it comes into effect to announce the revision of the growth of its gross domestic product from 2009 to 9.1% against a previous estimate of 8.7%.

Google buys ITA

As for values, Jeffrey Immelt, the head of U.S. conglomerate General Electric, has accused China to show hostility towards foreign companies, said Friday the Financial Times (FT), pushing the group to say that his comments had been distorted.The share lost 0.14% to 14.10 dollars.

The engine rechercheGoogle (-0.47% to 437.43 dollars) has announced the acquisition of ITA, a company specializing in information on air transport.

The publisher of games for iPhone Tapulous announced Thursday that he was bought by media giant Disney (+0.32% to 31.59 dollars) to become "leader in mobile entertainment." The terms of the transaction were not disclosed.

Sanofi-Aventis (-2.24% to 29.70 dollars) on Friday refused to comment on information from Bloomberg that the French pharmaceutical group preparing to acquire a U.S. company a value of at least 20 billion dollars. Allergan (6.88% to 62.10 dollars) and Biogen (6.70% to 49.86 dollars) are cited as potential targets

In the battle over economic strategy, which raged in the country G8/G20 meeting in Toronto, Nicolas Sarkozy ranks clearly on the side of Barack Obama's hostile plans rigor precipitates. "For France, fiscal consolidation is a long-term need [...] the stimulus must be from 2011, gradually, depending on individual circumstances," said one EU source.

Favorable cures severe austerity in Greece, Portugal and Spain, Nicolas Sarkozy calls for budget adjustments "progressive" in France and Germany, from 2011, with "not too many taxes."

The fragile economic and financial worries Europe G8 and G20. "Our partners Americans and Canadians fear the impact of austerity plans on resuming" said one EU source.The health of banks on the Old Continent is also a major concern in the United States. "There's nothing to fear from that quarter. Our banks are very strong. The results of stress test in late July is going to cheer the markets, "say the Europeans.

Faced with the Americans, Germans and Britons facing the G8 steadfast defenders of rigor. "A sustainable growth can not result from a fiscal policy based on the debt!" Repeats Angela Merkel. "Our public finances are in such a state, we have no other choice than a hard adjustment," he defends David Cameron.

Within this debate, Nicolas Sarkozy wants to distinguish itself from its European partners. Recognizing the need to reduce fiscal deficits in France, he will not rush, giving priority to pension reform.If markets were not so vigilant, he would gladly own the warning of Barack Obama: "do not overdo it in 2010 … or 2011.

The warning on the accounts Krief Group launched by the auditors of the company may be only the first phase of legal setbacks Louis Petiet. Official Bulletin, the alert procedure "very advanced", according to "Echoes" is a prevention of business difficulties. Petiet Louis, through its group Bernard Krief Consulting (BKC)-since renamed Krief Group-has multiplied over the past three years the buyout on the brink of liquidation. And since early 2010, he faced great difficulties.

This is the case of Heuliez, which he eventually sold the shares to an investor, Charles Mirchi. The automaker, which Petit Louis has never made the 16 million euro capital promised to bar the commercial court, awaiting a new buyer.Other companies are being liquidated, as the chain of stores in Soho gadgets, or industrial Isotherma, Havre.

In Alsace, the former two problems DMC: DMC SA (ex-DMC thread) on one side and the other DMC fabric. Two companies taken over by Louis Petiet. The liquidators DMC SA before the Tribunal de Commerce de Paris. Louis Petiet has still not made the 8 million euros promised in the takeover of the company. Authorised agents would like the company is recapitalized by the current minority shareholders who would become the majority. Such an operation would be catastrophic for BKC to lose control of one of its only really profitable companies.'Stocks of DMC SA alone represent a real source of income for two years, "a close case.

In addition, an unsuccessful candidate for the redemption of DMC, the French manufacturer of textiles SA Blanchard, also before the court. It calls for the cancellation of the recovery plan by BKC and wishes to represent his own recovery plan. The court decided to consolidate the two cases and the next hearing will be held September 8 No faxing payday loans.

Broken Promises

Second case, the DMC Fabric, whose activities have been grouped with a sign of furniture, Authentica, within SAIC Velcorex. Louis Petiet hoped "synergies". Today, the liquidator "examines the responsibilities of Louis Petiet, including how he managed DMC Fabric and Authentica," said a source close to the record."Cash Authentica (advances paid by customers) would, a priori, was used to cover losses Velcorex SAIC," said the legal representative, which states that "it did nothing illegal, since it is the same company. However, this does nothing to the rules commonly applied by a transferee company in difficulty, meant to work on his recovery.

"After regaining Authentica, Louis Petiet did nothing for the company, not even changed the vehicle registration cards," said the liquidator. Louis Petiet highlights purchases of raw materials it was made for Authentica.What is relatively little in terms of commitments.

The alert procedure

The Commercial Code provides that the auditors (ACC)-expected to certify the company's accounts, can alert the president of a company if they find "facts likely to affect the continuous operation. The president has fifteen days to respond. Otherwise, or if the reply does not guarantee the continuity of the operation, the ACC is deliberating the board of directors (or supervisory) on the facts found. If the resulting provisions are not met or that the company's survival is threatened, the ACC establishes a special report. The Commercial Court may be entered. This can lead to legal redress.

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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.

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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By putting on Thursday Ermine first President of the Court of Auditors, Didier Migaud definitively stored his old political habits. Former socialist president of the Finance Committee of the Assembly, appointed under the opening by Nicolas Sarkozy to succeed Philippe S?guin, who died suddenly last January, does not distract the institution's objectives: "The fundamental role of the Court" is to "give citizens the information they are entitled (…). Needless to seek an indescribable sense of power-cons, "he said Thursday on the occasion of his installation, in the presence of head of state, presidents of the Senate and the Assembly and Ministers Budget and Justice."The Court and the financial courts are not judges of the desirability of public policies: they have to assess how and to assess the results."

Take height and work in a bipartisan … This is not an empty word for close to Laurent Fabius – who was one of the first to congratulate him on Thursday after his swearing. Didier Migaud notably drafted with Senator UMP Alain Lambert organic law on finance laws (LOLF) rule that since 2006 the annual budget presentation to the State. But he also participated in the commission P?bereau debt. The chairman of BNP Paribas has always praised the sense of responsibility of the member of the Isere, which had agreed to sign a report calling for deep cuts in public spending, despite pressure from his political camp cash advance america