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MEDEF Laurence Parisot is only competing

Laurence Parisot is now the only candidate to succeed himself at the head of MEDEF. Her rival, Sophie de Menthon, president of the employers' movement Ethic officially confirmed on Monday morning on BFM radio that throws in the towel, not wanting to go to court to assert his candidacy. The opponent has indeed encountered a stumbling block in his plan to run for President of the MEDEF: it accuses of late payment of contributions to Medef, and therefore can not seek the presidency as announced in Le Figaro April 13 last.

"I brought a check to pay my dues Medef late, said Sophie Menthon on BFM. They told me that before I can file my application, a preliminary investigation was necessary, and that the MEDEF could not decide on my application before JuneI will not lead employers in a legal battle. "

She believes however that the Board of Medef could meet quickly to endorse its regulation, and allow it to occur. It therefore deplored the reluctance of the employers' organization to focus on his record, leaving the way open for Laurence Parisot Guaranteed unsecured personal loan.

"It's a huge strategic mistake, says Sophie Menthon. Fear has won. There was no reason not to campaign.There's more dirty linen to wash the MEDEF. "She promises to give its program and its positions by means other than a campaign.

Thibault Lanxade "will not go"

Lanxade Thibault, head of the SME Aqoba, who had called for a "primary challengers last fall, has also withdrawn from the race for President of the MEDEF.

"I will not," he said on BFM Monday. Its share was "convinced" by Laurence Parisot as the debate that he dearly wanted to be actually carried out in case of re-election of outgoing President, and he should remain internal to the MEDEF.A rally that he claims to have made "without any pressure," believing that "the unit of employers is more than ever necessary" because of the crisis.

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Goldman Sachs sued for fraud related to subprime

The Securities and Exchange Commission (SEC), the U.S. stock market watchdog, said it had initiated proceedings for fraud against Goldman Sachs. The U.S. bank would have hid crucial facts about financial products affected by the subprime crisis. Fraud concerns the structuring of CDOs ("collateralized debt obligations) linked to subprime subprime.

Goldman Sachs action was immediately heavily impacted by this lawsuit.Around 17h35, the title fell by almost 14% to 160.3 dollars, bringing in its wake many financial stocks and the major world indices no fax pay day loans.

The SEC accused the bank and one of its vice-presidents, Fabrice Tourre to have misled investors by concealing important facts about the financial product concerned, while the U.S. housing market began to deteriorate.

At 15h GMT, Goldman Sachs yielded 9.7%. The KBW index of U.S. banking sector shrank at the same time 3.5% and the Stoxx European sector gave up 1.8%.

Wall Street widened its losses, the Standard & Poor's 500 yielding 1%.

The Dow Jones closed at 11,000 points beyond

Wall Street started the week in near balance, then moved into the green early interactions. An increase, however fragile, while the budget deficit emerged in sharp decline in March, to 65.4 billion. A decrease of 65% yoy. Analysts were expecting a lower deficit.

At the close, the Dow Jones climbed 0.09%, the Nasdaq is 0.16% and the S & P 500 of 0.18%.

This slight increase still leaves the Dow Jones crossed the symbolic threshold of 11,000 points. The index reached 22 hours, 11,006 points. A first since September 2008. And the S & P reach almost 1200 points to 1197 points exactly.

The U.S. stock markets have recently experienced six consecutive weeks of increases, an unprecedented series from the lowest 12 years and a half touchdowns in March 2009.On the foreign exchange market, the euro is rising against the dollar after the announcement yesterday by the countries of the eurozone plan the details of aid to Greece.

Oil prices fell for the fourth consecutive session, still affected by an abundant supply and low demand in the United States.On the New York Mercantile Exchange (Nymex), a barrel of light sweet crude for May delivery finished at 84.34 dollars, down 58 cents from the previous day.

Indicators to follow this week

On the macroeconomic front, the week will be marked by several important indicators such as the index of consumer prices, retail sales for the month of March, industrial production, housing starts and the first estimate of the index Reuters confidence-Michigan.

The markets will also follow the hearing of Ben Bernanke, chairman of the Federal Reserve, the Congressional Joint Economic Committee on Wednesday and will monitor closely developments in the case of the Greek debt.

Alcoa opens the ball Publications

Palm jumped 17.05%.The group was mandated to advise the banks to sell its business or other opportunities, according to news agencies.

On the side of values, the oil industry runs the meeting. Friday Chevron (1.22%, to 80.43 dollars), without giving a figure, has announced an increase its refining margins in the first quarter. The group takes advantage of the rising oil prices and a possible improvement in its refining margins.The major U.S. must publish its accounts on April 30.

According to the press, the merger between United Airlines and U.S. Airways (2.73%, to 7.52 dollars) should be performed exclusively by exchange of shares.

The Department of Treasury of the United States announced plans to sell at auction in six weeks, before the end of May, the warrants of Wells Fargo shares were granted during the salvage of the bank in the fall 2008.

Microsoft has unveiled a new phone especially for the youth market of social networking fans, called KIN, developed with Verizon Wireless and Vodafone and manufacturer Sharp.

ConocoPhillips has announced the sale of its Chinese Sinopec stake in Canadian oil sands project Syncrude for $ 4.65 billion dollars.

Just after the close, investors have taken note of the first quarterly results of major public companies. As usual, the aluminum giant Alcoa, which gave the start of the season publications. Analysts expected a return to profit, its first since a year.

Meanwhile, Alcoa shares have been 1.39%, to 14.59 dollars.

The coming week will also be driven by quarterly results from Intel, Google, General Electric and JPMorgan Chase & Co. banks among others.

"Caution should be clear," says Aurel, who says that "the discourse of business remain positive on the merits but there are risks of disappointment on margins or unit on a possible downturn in order books in the coming months." The industry, raw materials, financials and semiconductors are the sectors most at risk.However, the agri-food sector, distribution or energy values could pleasantly surprise.

The markets welcomed the results of NRJ

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 a 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 the year before us fast cash !!!???!!!?? ?!!!."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%.

The title leads the DTH

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.

At the Paris Stock Exchange, Friday, NRJ shares rose 12.01% to 7.18 euros, the largest increase in DTH in a market that yields 0.10%.

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Controversy around the financing of the A400M

The large loan can be used to finance part of the additional costs of the Airbus A 400M? More precisely, the envelope of 1.5 billion dedicated to aeronautics of the future. No, says Jean Arthuis, the centrist chairman of the Committee on Finance of the Senate. "It would contradict everything we have voted, because the credits were for the green plane of the future and that the A 400M, this is not the plane of the future," he said.

This track is actually considered by the government must find a solution to finance the share that goes to France in support of the additional costs of the program. EADS, Airbus' parent company, and seven states customers have agreed on a share of the 7.6 billion financial slippage.The countries have agreed an extension of 3.5 billion euros.

For France, the bill amounts to 950 million including 550 million to cover the rising price of the unit and 400 million in the form of repayable advances on future export sales. The Department of Defense will draw from its budget to fund the increase in price but not advances. Because they are not granted an extension for Airbus to plug a hole but a loan with a rate of interest which the State should pay heavily. As far as the A400M carries a fine international career where his potential is estimated at between 300 and 400.

Another track

The 400 million will be financed from departmental funds, has already said Herv? Morin, Minister of Defense. For supporters of the use of large loan, the A400M is a good candidate.They said it meets the eligibility criteria because it is an aircraft of the future – will be commissioned in 2013 and his life revolves around 40-50 years – it allows Airbus to develop a new range of 'aircraft, it uses 25% of composite material of the future in aerospace, it is still under development, it combines technological innovations that will have benefits in civilian industries, it will create 12 000 jobs in France.

Finally, highlights a very good judge of record, it is mentioned nowhere in the eligibility criteria that excludes borrowing large military aircraft. Technically, the proponents of the use of large loans have a strong case but respects he mind? It is less certain. It will be Rene Ricol, Commissioner General for investment, to judge.

Unless another solution is chosen.It would transfer into the basket of large loan funds research before its adoption, were housed in the general budget of the State. Then, the flexibility found would be used to finance repayable advances from the general budget.

The arbitration shall be made by Matignon in the coming months. But, says one, there is no urgency because the funds will not be paid to Airbus before one or two years.

PSA Peugeot Citro?n: losses tripled in 2009

French carmaker PSA Peugeot Citroen announced Wednesday a net loss of 1.161 billion euros in fiscal 2009, more than three times more than the 363 million euro loss a year ago. The turnover amounted to decline from 10.9% to 48.417 billion euros.

The year 2009 is characterized by an evolution "very mixed," the group said. In the second half, the recovery observed in the market, supported mainly by premiums scrapped in several countries, led by PSA Peugeot Citro?n to increase market share – 5.1% – and find a net operating profit positive 137 million euros over the last six months of the year after losing in the first half.Finally, the past year, it is negative ground, 689 million euros.

Based on this trend, and to a further increase its market share in 2010, PSA Peugeot Citroen said it planned a current operating profit in the first half of 2010.

However, this year, "Market conditions continue to be difficult," said Chief Executive Philippe Varin, who expects the withdrawal of European car market of around 9%. In the radar screens, the Automotive Performance Plan "to support sales, reduce costs and better use of production capacity," the official said.The launch of new models is also subject to high expectations.

The manufacturer's financial results for 2009 reflect the impact of the economic crisis: global sales were folded by 2.2% to 3.188 million units in a market decline of 3.1%. However, the debt has been reduced from 913 million euros, now lying under 2 billion euros to 1.993 billion euros. Shareholders' equity amounted to 12.4 billion euros at December 31, 2009, for a debt ratio of 16%.

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The Paris markets to finish the balance

Caution and reluctance on Tuesday at the Paris Bourse. The CAC 40 ended marginally in green, up 0.15% at 3612.76 points, after a gain of 1.22% to 3607 points on Monday. The wait is placing on the European markets. In London, the Footsie closed up 0.38% to 5111.84 points while in Frankfurt the Dax finished at equilibrium, nibbling 0.24% to 5498.26 points

The markets are eagerly awaiting the meeting of European heads of state on Thursday. They could announce measures to help Greece out of the crisis. A prospect that delighted investors."If markets anticipate real risk of restrictive fiscal policy, growth in coming years will be reduced to decrease with an increase in taxation and / or a reduction in state spending, but analysts fear of Aurel.

In addition to the annual report of the Court of Auditors, the macroeconomic news is strong in the rest of Europe, the German export growth of 3% on the month in December, data adjusted for seasonal variations, and 3 , 4% yoy, according to the Federal Statistics Office Destatis.

The euro stood up against the greenback, going above $ 1.37. One hour of closing, the euro bought 1.3762 dollars against 1.3648 dollars Monday to 23 hours.The extreme volatility is enormous and paris.

Renault with Nissan looking

Unibail-Rodamco (-5.48% to 145.65 euros) has announced a recurring net profit per share rose 7.1% to 9.19 euros and foresees for 2010 a growth of that income between 0% and 2 % low fee payday advance . The group proposed a dividend increase of 6.7% compared to 2008.

The heavyweights of the Paris stock exchange, such as Sanofi-Aventis (-0.62%), EADS (-1.03%) or Total (-0.83%), the largest market capitalization of France, are still at trend.

Vallourec (+3.41%) is supported by an increase in recommendation and price target from JP Morgan.

The banking stocks such as BNP Paribas (+2.4%) and Societe Generale (2.84%), are well oriented.

Nissan, the Japanese partner Renault (+3.20% at 33.68 euros), plans to conduct in 2009-2010, a profit of 35 billion yen, against a loss of 40 billion previously expected.

Moreover, Carrefour (+1.35%) receiving a positive note from Morgan Stanley.

Euro Disney (-4.22% to 4.54 euros) announces revenues for the first quarter of 2009/2010 financial year fell by 10.5% to 292 million euros.

Faurecia (-3.50% to 13.78 euros) has reduced its net loss in 2009 to 433.6 million euros against a loss of 574.8 million in 2008, and wants to pursue cost reductions in 2010, where it is an "operating margin of over 200 million euros.

Tokyo strong as Toyota unscrews

Toyota has done it again, but this time no further announcement has come offset concerns about her Prius. Not even net earnings for the third quarter … Toyota announced just before closing. In Tokyo, the Nikkei closed at a decline of 0.46%. The Nikkei lost 48.35 points to 10,355.98 and the broader TOPIX, yielded 4.59 points (-0.5%) to 911.09 points.

Crude oil prices continued their decline Thursday in electronic trading in Asia, amid declining grants and rising oil stocks in the United States, according to analysts. In morning trading, a barrel of light sweet crude for March delivery retreated 17 cents to 76.81 dollars, while that of Brent North Sea at the same maturity, lost 30 cents to 75.62 dollars .The crude inventories rose in the U.S. for the third straight week, by 2.3 million barrels – indicating a falling demand – while the market expected them to remain unchanged payday loan lenders .

As Toyota (-3.53%) and its subsidiaries are also affected by the distrust: the supplier Denso has dropped 6.26% and assembler Toyota Auto Body 1.08%. The automaker announced it would recall over 180,000 vehicles in Great Britain to redress the problem of accelerator that has been forced to go along with millions of cars worldwide, Thursday reported several British newspapers , mentioning the mark.Immediately after closing, Toyota has nonetheless announced a net profit of 153 billion yen (1.16 billion) against a loss of 164.7 billion yen (1.25 billion euros) per annum passed over the same period the group has raised its forecast Better Canada under its fiscal year.

Toyota: Complaints against the braking Prius

After the acceleration, braking. Toyota Motor has already recalled 2.3 million vehicles suspected of being equipped with a faulty accelerator pedal. The group had calmed the controversy by presenting apologies. But Wednesday, she reflects, about this time of the braking system of the hybrid model, the Pruis.

Toyota says its dealers in Japan and North America have received complaints by the dozen, deploring the failure of the braking system of the new Prius on bumpy road or icy.

Within the group, these discontents are known since December, said a spokeswoman in Tokyo. Toyota provides to address the issue."The company will decide what action to take after realizing what has caused this problem."

The Japanese Ministry of Transport has himself received letters about the problem of braking payday loan . There are fourteen complaints, including one following an accident in July and thirteen others between December and January.

This third-generation Prius is the top seller in Japan and has enjoyed great success in many other global markets. However, customers are beginning to shun U.S. concessions after the case of defective accelerator pedals. In January, the market share of Toyota in the United States and has eroded from 18% in December to 14%.And these disappointed consumers are turning to domestic manufacturers: GM and Ford are the two main beneficiaries of this disaffection for Toyota.

"Toyota wants to get out as quickly as crisis accelerators

Vivendi analysts attempt to assess the benefits

Vivendi was convicted Friday of having provided misleading information to shareholders as part of the class action initiated in 2002 in the United States. Upon initiation of the Paris stock market on Monday, the action the French media group has shown in red lantern: Vivendi lends more than 3.6% at midday, to 18.1 euros. Since the start of the trial, which opened October 5, 2009, the stock has skidded 15%.

Vivendi has said it would immediately seek the annulment of the verdict, considering many have grounds for appeal, including the admission of French shareholders in the process and "the wrong method of calculation of damages by the plaintiffs .

Precisely, the question of damages is central.Natixis Securities (review "step up" with a target price of 20.5 euros) says it is for now "impossible to know the benefits that will ultimately claimed. But we know the upper limit, namely 6.6 billion euros, according to plaintiffs' lawyers.

Uncertainty about the amount of compensation

The broker table for the moment on the assumption that 50% of claimants will be compensated – or they do not require as happens in 25 to 30% of cases for class-actions in the United States or that they are not eligible – the amount of damages would range around 3.3 billion euros creditreport .

CM-CIC, which is to "hold" while reducing its theoretical value from 21 to 20 euros, the risk is estimated at 2 billion euros.The broker said to have maintained a 20% discount in its estimates, "given the uncertainties posed by this litigation."

Uncertainties that will influence, and that will last. Vivendi said the prospective payment amounts would be "uncertain for an extended period yet undetermined.

According to CM-CIC, the final verdict on appeal, will not occur until 2011-2012. Vivendi should not provisioned hedge risk in its 2009 accounts.

Nevertheless, this verdict is limiting financial flexibility, Vivendi, at a time when external growth is central to its strategy.

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