Sundial of world news

The New York Stock Exchange fell back slightly on Wednesday at the opening after a strong rebound. The Dow Jones lost 0.40% to 10,775 points in early trade and the Nasdaq, 0.72% to 2387 points. The New York Stock Exchange has signed a dramatic rebound Tuesday late in the session, erasing the last minute the heavy losses earlier as a result of fears of default of Greece.

Specialists Aurel BGC, the violent rebound index in the last fifteen minutes of the session on Wall Street is mainly due to the information leaked after the meeting of economic ministers of the European Union . European Commissioner for Economic Affairs has indeed mentioned in an interview with the Financial Times, a European plan to recapitalize banks."We share a growing opinion that we need a concerted, coordinated in Europe," he said, "the capital of European banks should be strengthened to give them a safety margin and so reduce uncertainty "in markets.

Degradation of the note of Italy by Moody's did not stop the European stock markets to begin the session in the green and should have little impact on Wall Street.

However, the pessimistic forecasts of the IMF could influence the trend.The International Monetary Fund (IMF) warned on Wednesday that he did not rule out a recession in the world in 2012, facing a possible reversal of the activity.

According to analysts at Cantor Fitzgerald, the market is also beginning to show some resistance, "because the corporate earnings season is about to begin, that most economic indicators were positively surprised."

The president of the U.S. central bank, Ben Bernanke, warned that employment growth could be "sluggish" for some time, but said the institution was "ready to take additional measures" to support the economy.Ben Bernanke, who testified in Washington before the Joint Economic Committee of Congress, also called on parliamentarians to provide savings in the medium and long term, but to "avoid taking fiscal measures may impede the ongoing economic recovery," and They were asked to complete the action of the central bank.

United States, on the macroeconomic front, hirings rose slightly in September in the private sector in the United States, according to the monthly survey of the consulting firm HR ADP pay day loan lenders. Private companies have created 91,000 net jobs, in seasonally adjusted data, or 2% more than in August said ADP.Investors also expect the ISM at 16:00 in services and at 16:30 the traditional weekly report on oil stocks.

Oil markets, fell sharply Tuesday after the courses are starting to rebound on Wednesday morning. The Brent North Sea crude for November delivery gained 1.67 dollars to 101.46 dollars. A barrel of "light sweet crude for November delivery was appreciating his side of 1.91 dollars to 77.58 dollars. On the foreign exchange market, the euro is trading at 1.3292 dollar per ounce of gold is trading at 1628 dollars.

BNY Mellon in the sights of New York

The side of values, the State of New York filed a complaint Tuesday against the establishment of New York Mellon Bank (-3.67% to 18.13 dollars) to have overcharged transactions on foreign exchange markets and wants to recover nearly two billion dollars.For ten years, "instead of providing the best interbank rates as he promised," the institution makes money "by cashing the difference between the worst rate of the day, it charged its customers, and the price current market transactions at the time, "said the office.

Hewlett-Packard (0.04% to 23.03 dollars) should take a decision on its PC division in late October, according to CEO Meg Whitman cited by Reuters.

Yum! Brands (-0.22% to 49.33 dollars), which owns chains Pizza Hut, Taco Bell and KFC, whose figures stand out as a leading indicator of economic conditions in the United States, reported a third quarter benefit of $ 383 million above expectations. Sales rose 14% to $ 3.3 billion.CEO David Novak said: "Our margins in China were up 7% in the quarter with a jump of 29% of sales, excluding the impact of changes. (…) This tremendous growth in sales, combined with our forecast high of 600 restaurant openings, makes us confident in the strength of our business model in China. "For the full year, the group now its forecast 12% growth in profits before exceptional items.

Apple (-2.11% to 364.64 dollars), which introduced the iPhone Tuesday 4S, the fifth generation of its multi-functional phone, with a more powerful processor than its predecessor and a new system would also voice commands be observed.

Like its previous meeting, the hectic day ahead of the Paris markets. After opening sharply lower (-1.28%), the CAC 40 is pressed into the green, gaining 0.59% to 2911.87 points. In the morning, Moody's announced degradation by Moody's debt to Societe Generale and Credit Agricole. BNP Paribas, meanwhile, is kept under negative watch by rating agency. The agency kept under review with negative implications the long-term rating and deposits "Aa2". The uncertainty is still required on other European financial centers: the Frankfurt Dax loose 1.13% to 5131.48 points, the Madrid Stock Exchange lost 0.73% to 7777.3 points, the FTSE Milan Mib down 2.19% at 13,571 points, and the London FTSE-100 down 0.31% to 5157.85 points.

"This is a meeting of all the dangers that will open.The news of banks is particularly rich and the market will excuse the slightest spark to plummet again, "said one Paris-based analyst who requested anonymity told AFP. For his part, Christian Noyer judge that the situation of these banks is not likely to deteriorate further.On RTL, the governor of the Banque de France as well as Judge Moody's announcement is "a relatively good news", "French banks maintain an excellent rating and have the same level as the major European banks." It is the even Jean Leonetti: French Minister for European Affairs estimates that French banks are not in danger, considering the speculation responsible for the "excitement" today.

Beijing expected at the turn of the Italian debt

Moreover, markets are awaiting a decision from Beijing to buy-or-no Italian sovereign debt, "China will continue to increase its investments in Europe," said Premier Wen Jiabao, the opening of "Summer Forum" Davos in Dalian (north-east) on Wednesday.But he is hopeful that the leaders of major European countries consider their relationship with courage to China a strategic point of view. "

Another new fueling hopes of a crisis: the five emerging BRIC (Brazil, Russia, India, China, South Africa) should discuss next week the opportunity to help the European Union by increasing their holdings of bonds denominated in euros.

Still on the debt of Athens, the Greek Prime Minister George Papandreou, French President Nicolas Sarkozy and German Chancellor Angela Merkel hold a conference call tonight to find a solution to the crisis. The meeting comes as fears or rumors speak out about the bankruptcy of Greece.After having set fire to the powder Monday citing the possibility of a default in Athens, Germany has tried to calm things down Tuesday by stressing, in the words of Chancellor Angela Merkel, that everything was done to prevent a collapse of Greece.

The euro declined against the dollar

On the macroeconomic front, the figures for industrial production in the euro area are expected. In Britain, unemployment figures for August will also be published.

United States, who saw their deficit increase again this summer, the figures for retail sales and producer prices for August will be announced early afternoon.Like stocks and sales of businesses, as well as the weekly inventory of crude oil guaranteed high risk personal loans.

On the foreign exchange market, the euro was down again this morning against the greenback at 1.3637 dollars, against 1.3682 dollars in New York the day before. The single currency also weakened against the yen at 104.81 yen against 105.19 yen yesterday in New York. The yen was also stable against the dollar at 76.86 yen to the dollar against 76.88 the previous day.

Oil prices were also down Wednesday, as markets always worried about the debt crisis in the eurozone and a possible bankruptcy of Greece, analysts said. In early electronic trading, a barrel of "light sweet crude" for delivery in October lost 71 cents to 89.50 dollars per barrel of Brent North Sea crude for October delivery 9 cents to 111.80 dollars."With the danger hovering over the Greek market, prices are highly volatile, very nervous," said Nick Trevethan, commodities analyst at ANZ Research in Singapore.

Values ​​to follow

• Banking

Following the deterioration of Moody, the banking sector should be particularly under the spotlight for this session, with the front line Societe Generale (-2.09% to 17.52 euros) and Credit Agricole (3.14% to 5.31 euros). Maintained under negative watch, BNP Paribas (-3.64% to 26.98 euros) also said Tuesday it had asked the AMF to open an investigation after information on the liquidity of the bank published in the Wall Street Journal.In addition, BNP Paribas will reduce the size of its balance sheet of about 10% by the end of 2012 and expects to achieve a capital adequacy ratio of 9% under the new banking regulations of Basel III soon 1 January 2013, the French bank said in a presentation document. Societe Generale and Credit Agricole.

• Areva (-1.90% to 20.60 euros)

EDF prepares to place an order for more than one billion euros in the nuclear group Areva for the purchase of 32 steam generators, Le Figaro said on Wednesday.The choice of Areva will be endorsed on Sept. 28 by the Board of Directors of the electrician needs to change 32 of its 44 steam generators in its power to 1300 MW.

• Renault (-0.14% to 24.81 euros)

The manufacturer wants to improve its stock market value and change the structure of the alliance with Nissan is not the main lever to get there, told Reuters the CEO of Renault, Carlos Ghosn, the car show in Frankfurt. He also said the group looked for ways to adjust the structure of the Renault-Nissan.

• Vinci (0.47% to 31.81 euros)

The group won a contract worth 108 million euros for the construction of systems of wastewater treatment in the Dominican Republic.

• CNP Assurances (0.44% to 10.29 euros)

The Standard & Poor's said Tuesday night that confirmed the rating of "AA-" from the French insurer.

• Club Med (2.66% to 12.15 euros)

The leisure group has published on Wednesday sales down slightly in the third quarter, its activity has been particularly impacted on travel to Morocco, Tunisia and Egypt, against the backdrop of geopolitical turmoil. Turnover fell by 1.9% in third quarter (-0.3% at constant currency) to 323 million euros.

How do you explain the economic slowdown in recent months and the downward revisions to growth prospects?

More than a brake unexpectedly in the economy, we see a reversal of perception. The latter is even more brutal than the general opinion was, in my view, tainted with excessive optimism. Then it is difficult to know what, the political farce about debt in Washington, the loss of the AAA American or poor statistics justified the change of outlook on the economy.

The publication of poor growth in the second quarter in the U.S. and the downward revision of the statistics of activity since 2008, have changed the vision of recovery.We start from lower than initial estimates, and we go up the slope much more slowly than expected.

We also witnessed a particularly brutal realization that the inflationary between autumn 2010 and spring 2011 was a major blow to the head of consumers. With a depressed job market and debt strategy, it was not much more to demand falters significantly.

Do you believe in a scenario back in recession?

The situation is much more fragile than earlier this year. The risk of a recession back to a horizon of six months has increased considerably paydayloans. In my view, two scenarios-slow growth or recession-are as likely to occur. The first scenario would lead to growth of only 2% in the U.S. and 1% in Europe, below the trend in previous upturns.The fault mainly mass unemployment. As for the recession, it could happen if everyone is convinced it is inevitable. Given the current environment, the market may in fact remain in panic mode, accumulating indiscriminate bad news one after the other.

Some economists raise the specter of the 2008 crisis …

In response to the bankruptcy of Lehmann, banks no longer wanted to lend to each other, freezing, and the global economy for six months. We're not there. Of course, we see signs of stress in the interbank market, but they have nothing to do with the situation three years ago. At the time, the Fed has provided up to $ 600 billion to other central banks to provide liquidity in dollars. Currently, the hotline is used up to 200 million.

In a recession, states will they try to revive the economy?

Western countries have largely emptied their cartridge: operating margins are much narrower. Any potential action, if it increases the debt carries with it much more likely than before.

Outside the coffee dock, near the Gare de l'Est in Paris, the formula breakfast at 7 euros. At this rate, you are entitled to two slices of bread, a croissant or pain au chocolat, orange juice and a hot drink. Marcel Bénezet not sell a dozen a day, when he easily achieves 80 seats daily.

"In France, the breakfast is just 2% of sales of cafés, bars and eateries, says the owner of the establishment, also president of cafes, bars and brasseries in the union Synhorcat. But for one short year, the market moves a little. We draw some of the clientele of hotels.More and more business appointments are also around a working breakfast between 8 o'clock and 10 o'clock. "

"Not very profitable"

Praised by business travelers, the Plaza Athénée, a Parisian palace, carries 3 million in sales a year with his breakfast, including 1.6 million in the dining room of Alain Ducasse, where 60% of the clientele has not spent the night at the hotel. A single espresso is charged 8 euros. "The average price is 50 euros per person. All patrons of the CAC 40 are there, welcomes François Delahaye, the owner of the Plaza Athénée. Breakfast loyalty. But it is not very profitable, because payroll costs as much as we noon, when the bill is four times lower. "

Breakfast remains a difficult market for restaurateurs.The French are indeed more likely to take home the Anglo-Saxons, and they have less appetite.

McDonald's France, the breakfast is less than 1% of sales. "Unlike the British, Germans and Dutch, the French are not ready to leave in the morning for their breakfast, says Isabelle Kuster, Vice President of Operations in France and Southern Europe at McDonald's. Many are content with a coffee and stay hungry until noon.To attract them, we must offer them what they prefer: an espresso and toast. "As a result, McDonald's, which sells its formula with American breakfast (pancakes and Egg McMuffin) than 250 McDonald's where the demand warrants, innovates by launching September 26th in its 130 McCafe an offer adapted to the habits of the French, with small black and baguette spread with butter and jam.

"France is the only country where the espresso and croissants topped sales in the morning," insists a spokesman for Starbucks. The American chain attracts a customer in France to 60% and 40% of local tourists. In the morning, only 30% of customers use their on-site order. "But in France, we carry a large portion of our sales between 8 am and noon, when the Germans and Spaniards are more in the afternoon," said the spokesman for Starbucks.

In the aftermath of a black day on world financial markets, U.S. equity markets begin this Friday on a stable note. In early trade, the Dow gained 0.03% to 11,387 points, the Nasdaq is 1.01% more frankly to 2582 points and the S & P up 0.82% to 1211 points. The markets resume with the publication of unemployment figures across the Atlantic for the better than expected in July.

Wall Street follows the movement promoted by the European stock exchanges. In Paris, the political mobilization against the bear market in Europe has slowed the drop in European indexes.

The employment figures dictate trend

In this context the assumption of a recession in the U.S. or the world, is today one of the main fears of the markets, the announcement of a significant improvement in job creation last month calm spirits on Wall Street.In recent weeks, disappointing publications on the state of the U.S. economy had, in fact, chained, challenging the idea of ​​resumption of the world's largest economy. This publication confirms the figures released Wednesday by ADP, reports of more new jobs than expected for the month of July.

At 21 hours the numbers of U.S. consumer credit for the month of June will end this week full of macroeconomic data.

Oil and euro pressure

Oil prices climbed hesitantly at the opening Friday in New York, despite the employment figures better than expected, as the market wondered if it would be sufficient to support the demand for crude in a very fragile economic environment .On the New York Mercantile Exchange (Nymex), a barrel of "light sweet crude" for September delivery was trading at 87.04 dollars, up 41 cents from the previous day.

This concern also weighs on the currency front, the euro was trying to rebound against the dollar but remained under pressure from macroeconomic concerns.To 15 hours in Paris, the European currency was worth 1.4224 dollars against 1.4106 dollars on Thursday night, after falling to 1.4055 dollars in early Asian trade, its lowest for three and a half weeks fast cash online.

AIG, GM and Procter & Gamble publish their accounts

On the corporate side, the semi-annual publications still dominate the news on Friday.

Thursday evening after market, the insurer AIG (-0.23% to 26.34 dollars) announced a return to the green of its accounts in the second quarter, with net earnings of $ 1.84 billion over the period, against a loss of $ 2.7 billion a year earlier. Per share, net income totaled $ 1 ($ 0.69 after tax, against $ 0.92 expected by analysts).

At the same time, and its first quarterly since its IPO on May 19, LinkedIn (-2.27% to 93.36 dollars) was positively surprised markets by announcing a turnover more than doubled the second quarter to 121 million dollars (120 euros) and net profit (4.5 million), where analysts expected a loss.

GM Motors (1.27% to 26.32 dolars) Thursday reported quarterly results exceeded expectations, with a near doubling of profits over the period.

Procter & Gamble (1.78% to 60.64 dollars) released before market on Friday for the fourth quarter of fiscal offset, net income up 15% to $ 2.51 billion.Of 2010-2011, so it shows a net profit of 11.79 Annual Statement billion, down 7% from the previous year.

Viacom (3.55% to 53.17 dollars), the parent company of MTV and Comedy Central, has reported a rise than expected in earnings thanks to strong revenue growth in advertising Cable and license agreements with websites. Its quarterly results (Q3) increased to $ 574 million against 432 million

Bank of America (1.70% to 8.98 dollars) is highly exposed to the most fragile countries in the euro zone, according to a document from the bank. The group said exposure to the tune of $ 16.7 billion (11.8 billion euros) in total to Greece, Ireland, Italy, Portugal and Spain in June 30Management has indicated in a document submitted to the regulatory authorities that its losses could reach up to legal $ 2.3 billion in addition to the provisions already passed for this purpose.

As in Asia, the Paris Bourse tries to rebound on Tuesday. At the opening, the CAC 40 gained 0.16% to 3819.23 points. Same in the rest of Europe: the London Stock Exchange opened up 0.11% to 5931.99 points and the Frankfurt Stock Exchange up 0.34% to 7369.89 points.

But investors remain cautious as Barack Obama has not convinced the issue of debt. In a speech to the nation live from the White House, Bush denounced the attitude of the Republicans that led to an impasse "dangerous". The world's largest economy may end up in default within a week if no agreement is reached on raising the debt ceiling, an event "irresponsible" by the president. Facing him, the chairman of the House Republican John Boehner, remained inflexible. He accused Barack Obama face of intransigence solutions proposed by his party."The sad truth is that the president wants a blank check. This will not happen, "he said.

Faced with the growing nervousness of the markets, it has however promised to submit to the Senate and the president a bill to avoid a default. "If the president promulgates it, the atmosphere of crisis it has created will disappear of itself," he said. Barack Obama also wanted to be reassuring: "I told the leaders of both parties that they must reach a compromise in the coming days, which can be passed by both houses of Congress, a compromise that I can enact. And I'm sure we can seal this compromise. "

In addition to the markets, the United States are now under pressure from the IMF suggests that a "severe shock" if no agreement is reached on time.The institution has also damaged its projections for the U.S. national debt.

The dollar attacked

The dollar is suffering in this context. The dollar briefly fell below 78 yen Tuesday, its lowest level since March 17, when President Barack Obama spoke to Americans. The euro has also appreciated against the greenback at 1.4420 dollars against 1.4375 dollars late Monday. "The president's speech Obama has disappointed market expectations of progress hoping to break the deadlock," said Hideki Hayashi, an economist at the brokerage Mizuho Securities, quoted by Dow Jones Newswires.

Oil prices were, themselves, without direction in electronic trading in Asia, the market continued to worry about the lack of agreement. A barrel of "light sweet crude" for delivery in August took 15 cents to 99.35 dollars.That of Brent North Sea crude for September delivery lost 29 cents to 117.65 dollars.

Investors also will keep an eye on the indicators of the day:

– The morale of French households is somewhat back in July after months of stability, with a gain of 3 points in the index that measures at 86 points, according to data released Tuesday by INSEE. But that level remains low.

– The number of starts of new homes rose 13.4% year on year in France for the period April to June, said Tuesday the Department of Housing.

Coming to the United States: the index of house prices and new home sales. Also the program overseas indices of investor confidence and consumer.

Values ​​to follow

The banks are recovering from their fall the day before.Crédit Agricole (1.64% to 9.06 euros), BNP Paribas (1.48% to 47.39 euros), Société Générale (1.39% to 36.77 euros), Axa (1, 28% to 13.88 euros) and Natixis (1.26% to 3.29 euros) are the highest increases in the ACC.

Faurecia: -1.55% to 29.87 euros

The automotive supplier has revised up its forecasts Tuesday turnover for 2011 between 15.7 and 15.9 billion euros and operating margin, after a good first half. But the forecast annual cash flow is lowered.

Veolia: 0.67% to 18.16 euros

The city of Warsaw has chosen Dalkia, Veolia and controlled by EDF, to buy the operator of its district heating network, the company SPEC, according to sources familiar with the matter.

Orpea: 0.20% to 34.44 euros

The investment company said it had taken FFP 6% stake in Orpea, a company specializing in the treatment of addiction, for a total of 88 million euros.

TF1: 5.30% to 13.40 euros

The television group has published a net profit up 60% to 118.6 million euros, but a turnover in a very slight decline (-0.5%), 1.3 billion euros, for the first half of 2011.

STMicroelectronics: -6.53% to 53.97 euros

The group said Monday second-quarter sales in line with analysts' expectations, but said that they could fall during the current quarter.

LVMH: 0.15% to 130.75 euros

The group said on Monday maintained at 12.25 euros per share price of its tender offer to purchase the remaining shares of the Italian jeweler Bulgari and denied having purchased from the family part of the shares at a higher price. It will publish its results after market close the first half.

Klépierre: 0.55% to 27.56 euros

The group reported Monday, against all odds, a growth of almost 4% of its rental income, supported by the increase in rents in shopping centers in an economic context, however, marked by the slowdown in consumption in Europe.(See

Mercialys: -0.81% to 29.40 euros

The group identified Monday its growth target for this year after reporting a growth of over 9% of its rental income in the first half and its Board of Directors decided to distribute an interim dividend for 2011 .

SEB: -7.10% to 67.62 euros

The group released Monday interim results up, thanks to its good performance in emerging markets, and is confident for the full year.

Faiveley Transport: -3.99% to 62.50 euros

The group confirmed Monday forecast for 2011 a slight increase in sales, just over a month after a warning about shifts orders.

April Group: -2.13% to 17.03 euros

The group recorded an increase of 1.3% of its turnover to 377.8 million euros, a jump of 8.2% in brokerage on which the group has refocused more than offsetting the decline 9.6% in insurance premiums.

After market, Sopra Vinci and publish their turnover for the second quarter, Gascogne, Euler Hermes, Spir Communication, TV and Radio Next Icade unveil the results of the second quarter, M6 will report its results in the first half.

This year, 12 million tax returns were made via the Internet, according to Bercy. Now a taxpayer in three (there are 36 million homes tax in France) chose the Web to meet in the spring of this task which then allows the tax authorities to calculate the income tax (IR) to pay.

Set up in 2002, the Electronic Filing is getting stronger year after year: 7.4 million followers in 2008, 10.5 million in 2010. This is due, among other things, the simplification of the system. In 2009, the State has decided not to ask for electronic certificate, which allows their returns from any computer. The IR, which is paid 53% of the 36 million tax households, reported 47 billion euros to the state in 2010.

Brussels off again to war against the invoices received shock after summer vacation by Europeans who used their laptops in a neighboring country with a new legislative proposal expected this week.

The Commission often evokes the German and French tourists who go to Spain, to use their phone to call or download a movie, as they would at home, and are then claiming hundreds or even thousands of dollars by their operator.

Commissioner for telecoms, Neelie Kroes, on the other hand aims to have a genuine single market for telephony in Europe by 2015 with a near zero difference between the price of mobile home and those roaming abroad ("roaming").

Neelie Kroes will present a legislative proposal Wednesday to allow Europeans to buy separate packages for their specific communications abroad, with the operator of their choice without having to change the number. The proposal, which will be submitted to MEPs and EU governments, would take place from the summer of 2014.

Three out of four are rationing their calls abroad

The EU currently imposes maximum prices, called "Eurotariff". Introduced in summer 2007, initially only for voice calls, they were reduced steadily and expanded to other mobile services like SMS.Brussels will propose to extend the Eurotariff, which were removed in 2012 but will remain until end 2016, and continue to drive down.

From a maximum of 35 cents per minute excluding VAT today, roaming voice calls could fall to 32 cents in July 2012, 28 cents in July 2013 and 24 cents in July 2014. For receiving a call, the Euro-tariff increase from 11 cents a minute today to 10 cents in July 2013. And the price of SMS would decrease by 11 cents today to 10 cents in July 2012.

Brussels wants to finally introduce a new price limit on data downloaded when the user surfs the Internet, check e-mails on a BlackBerry or iPhone … Retail prices are still about 50 times higher abroad that domestically, in Brussels.Such prices are "a nightmare for businessmen, tourists, young people," who "do not dare to use their mobile phones, let alone multi-function" when traveling in Europe, denounced Neelie Kroes.

A European survey published in mid-February has proved him right: 72% of European travelers surveyed said limit their roaming calls because of their cost.

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The dominant expectations Wall Street on Wednesday. The Dow Jones lost 0.35% to 12,525.82 points, the Nasdaq yield 0.20% to 2829.60 points and the S & P 500 was down 0.29% to 1341.32 points.

Tuesday, as all global markets, the U.S. stock market had closed on a sharp rise, the Dow Jones climbed 1.03% and the Nasdaq by 1.37%. Investors, who were returning from a long weekend, had welcomed with relief the press releases stating that Germany would give up a debt restructuring of Greece.

On Wednesday, the new no longer effect. As in Europe and Asia, caution is back on the market, supported by a series of disappointing indicators from China and the euro area. China's PMI purchasing managers of the China Federation of Logistics and Purchasing (CFLP) fell to 52 last month, against 52.9 in April.In the euro area, this indicator stood at 54.6 in May, after a flash estimate of 54.8, against 58 in April. Is the lowest since October.

United States, the employment figures in the private sector show an increase of only 38,000 in May, according to the firm ADP, while analysts were betting on 170,000 net hires.

Investors across the Atlantic will also learn construction costs.

Side currency, the euro rose slightly against the U.S. dollar at 1.4421 dollars (+0.18%) in the early afternoon in Paris.For its part, oil recedes, a barrel of light sweet crude for July delivery yielding 0.53% to 102.16 dollars short term personal loans.

Yahoo!: -1.39% to 16.32 dollars

Yahoo has resolved its dispute with Alibaba Group in connection with the transfer by the Chinese company's online payment system, Alipay, its chief executive Jack Ma said on source familiar with the matter. The two companies reached an agreement before the meeting with analysts from Yahoo last Wednesday. But the agreement requires the green light from the founder of Softbank, Masayoshi Son, who sits on the board of directors of Alibaba. He was quite reluctant, says one. Japanese Softbank is a shareholder of Alibaba and Yahoo Japan.

Google: 0.46% to 531.44 dollars

Eric Schmidt, the executive chairman and former CEO of Google, said Tuesday night had "planted" on social networks four years ago.He takes the responsibility for the error that allowed Facebook to be the undisputed leader in the category.

Phillips-Van Heusen: 1.39% to 66.89 dollars

Phillips-Van Heusen for its part, announced a net profit of $ 58 million (79 cents per share) in the first quarter of fiscal 2012, against $ 28 million loss (53 cents per share) a year before. The turnover was doubled to 1.37 billion against $ 619 million a year earlier. The group is therefore the goal of annual earnings per share to range between 4.80 and $ 5 per title.

Dollar General: -8.58% to 32.06 dollars

Still on publications, Dollar General will issue its first quarter revenues.

With the boom in smartphones, iPhone in mind, insurers are facing a surge of claims. "All insurance plans for mobile phone are deficient because of the iPhone," said one trader. "We are facing both an increase in claims frequency and higher average cost of claims. All this weighs on the technical results, "says Catherine Lanson, communications director of SPB, broker manager at France's leading insurance mobile and handheld products.

On smartphones losses reach 35% against 20% on standard phones. As the average cost, it has doubled from 300 to 600 euros. "Besides the iPhone is over-represented in the portfolio of insurers with respect to its actual weight on the market as it is expensive, it is more fragile and he steals, consumers are more likely to sure, "says Catherine Lanson."Currently, 80 to 90% of claims relate to smartphones," says Anne-Laure Commault, director of mobile offerings from Orange.

Fragile

The case is the main source of complaints: it represents two thirds of claims against a third flight. All operators, claims related to breakage cost 400,000 euros and 200,000 euros for the flight. More fragile than previous generations of mobile clamshell or slider, smartphones with their large touch screen does not forgive the fall or landing in the toilet. This is the case of the iPhone 3 and the iPhone 3G, whose screen break if dropped on the pavement without protection payday loan lenders.Apple has taken this into account on the iPhone 4, where he worked the robustness of the screen.

Today, 6 million French people have provided their mobile phones: 4 million have taken insurance directly from their operator, 500 000 are insured through their bank, and $ 1.5 million through specialized distribution or retail. The rate of insured, reduced to 60 million mobile users, remains low but is rising sharply.

30 to 130 euros per year

Insuring your smartphone costs from 30 to 130 euros per year. Operators and insurers all offer forms for 3 euros, 6 euros or 9 euros per month, depending on the reimbursement ceiling. Despite the explosion of claims, they do not include higher insurance premiums. They rely instead on technological advances that help block mobile in case of theft, making it useless.On breaks, they play a tougher enforcement of the contract. Mostly, they try to stop fraud, which, estimated between 20% and 25% is huge. "Coincidentally, we note the real peaks of claims before the release of a new generation of iPhone," says Catherine Lanson. Insurers are now replacing broken or stolen laptops with identical phones reconditioned. One way to deter misrepresentation!

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