Vivendi is now, for the entire fiscal year, "adjusted net income higher than last year, 5.39 billion euros, before a planned maintenance of its adjusted net income. Moreover, management now expects "growth in adjusted operating income", he anticipates a "slight growth" in the figure above.

The boss of the group, Jean-Bernard Levy, said the renewed optimism by "excellent operational performance" of the three recent acquisitions GVT, Activision Blizzard and SFR fixed. The group has "raised the prospect of each of them."The officer added that "TVG is this year and in the future, a significant growth driver and we are accelerating investment. The result shows an affiliate growth and profitability "very top of the business plan of acquisition," said Vivendi. Vivendi has raised the forecast of the Brazilian fixed phone operator now anticipating an increase of 34% of its turnover and 44% of its adjusted EBITDA, and 35% against 29% previously.

Increase in net profit for the half

Another reason for satisfaction, the group unveiled interim results above expectations. Adjusted net profit stood at 1.53 billion euros, up 4%, while analysts expected a slight decline. Vivendi also recorded a net profit of 1.267 billion euros against 1.188 billion in first half of 2009.The adjusted operating profit (EBITA) up his part of 11.9% to 3.24 billion euros, against 3.11 billion expected by professionals. The group was supported by the results of its video game subsidiary of Activision Blizzard and those of French telecoms operator SFR and GVT Brazil.

As for revenues, it amounted to 13.9 billion euros in the first half, up 4.8% at constant exchange rates, while analysts had forecast on 13760000000, by consensus quoted by CM-CIC Securities.

In addition, the group said it will pay a dividend of 1.40 euro per share for fiscal 2010, as he did in 2009.

In South Redondo Beach, where Michael and his wife decided to buy a two bedroom townhome without a seal, it is impossible in 2006 to find housing for less than $ 500,000. They pay them 732,000 dollars."I was spared," says Michael, but I decided to keep my money rather than making a contribution. "Their monthly payments therefore amount to $ 5,500. "An expenditure authorized by high but my income," he adds.

Four years later, the savings have shrunk. And Michael and his wife, now parents of a boy two years, are on the verge of losing their homes. A year ago, they stopped paying their mortgages. "In 2007, we have been hit hard by the housing crisis. My earnings have dropped 75%. "The three-piece is only worth 550,000 dollars.

After a year of negotiations with its bank, Michael has finally won the right to make a short sale (that is to say, sell his home at a price less than its mortgage). He could have chosen a foreclosure, easier to manage. "But it would have prevented me from getting a loan for seven years.With a short sale, the credit we are prohibited for two years! "

The worst is not past

After an upsurge in real estate transactions due to tax credits of $ 8,000 offered until 30 April by the Obama Administration, the defaults and foreclosures are on the rise again in the United States. It was once thought that the worst was over (no one spoke of seizures) but it now appears that the revival was artificial.

Figures released Tuesday by the National Association of Realtors are alarming: the volume of resale homes fell 27% compared to June 2009. And according to statistics from the Treasury Department, the defaults on mortgages have reached 13.6% at the end of 2009.Real Estate Agent Redondo Beach, Alison Clay-Deboffe can only sympathize with the suffering of former clients who call today to share their hardships. "As the retiree who has been keen to buy a duplex without really afford, but which has been encouraged by his banker at the time when lenders were handing out loans without verifying." This lady, whose name Alison prefers silence , is now on the verge of being expelled. She does not know where to go. "She is guilty of wanting to live beyond its means. But the lender is even more irresponsible. "

In California, the number of dwellings for which a seizure is imminent now stands at 104,000. Over the past twelve months, about 76,000 seizures were conducted in the state. "And their numbers will grow as the reviewable-rate loans contracted five years ago expire," says Michael.The mortgages of millions of people are going to increase by several hundred dollars per month. They can not afford to repay. "All this when, far from reinforcing the job market weakens.

VAT in the catering dispute

The president of the centrist Senate Finance Committee, Jean Arthuis, for his part argues for the introduction of VAT "between 10 and 12%" to local shops, including restaurants instant payday loan no TeleCheck. The Budget Minister Francois Baroin, had also mentioned in June the possibility of raising the VAT paid in the restaurant, before retracting. A year after the VAT reduction from 19.6 to 5.5% in all the restaurants, the measure of criticism towels.

Plea for a wide shot of plane

And as the government seeks to save 100 billion euros by 2013, envisages various tracks. As such, Philippe Marini believes that "all preferential arrangements under the income tax, but VAT, pursuant to corporation tax, the solidarity tax on wealth, can be affected by the reduction of the tax expenditure.

This concept has been designed by the owner of Prufrock Coffee, Gwilym Davies, also won the title "World Barista Champion (world champion of the coffee) in 2009. He imagined this card when friends decided to open their own cafes in the area."Initially, our clients have found this strange idea card advising them to go to our competitors," says Jeremy Challender, the manager of Coffee Prufrock at Figaro.fr. "But this concept amuses both consumers and the community café in the neighborhood."

In six months, the Prufrock Coffee has distributed some 6,000 cards "disloyalty". A success for Jeremy Challender, who intends to pursue the initiative. "Especially since I do not count the cards that are still in nature and will return once we met," laughs the cafe, which ensures that bars competitors play the game well and dab the card. "This is a healthy competition," he says."We're well aware that our customers will enjoy more cafes in other locations, which requires us to constantly innovate to improve the quality of our products."

Trade competition against the current

The Expert Group LaSer, a subsidiary of BNP Paribas and Galeries Lafayette that specializes in marketing and customer relations, identify in their monthly newsletter that the objective of this initiative is "to encourage customers to regularly attend teaches, but to give them the habit of going for a coffee, even in competing institutions. In sum, the common focus for everyone to "benefit from a greater overall abundance.

Within weeks, the idea of Gwilym Davies had already crossed the Atlantic. In Toronto, Canada, seven patrons of bars in April formed a sort of alliance called "Toronto Coffee Conspiracy.The principle of this partnership is somewhat different from how the map of "disloyalty" proposed by Coffee Prufrock. In fact, most customers choose this time the coffee, among the seven members of the "Toronto Coffee Conspiracy" in which they will return once their card filled. In Seattle, the United States, no fewer than 10 brands of cafes and bars, located in 13 different districts of the city have come together around a similar card program.

French cafes in lack of customers

This type of initiative has not yet made its way to France. French Café owners could do with finding parades down attendance which they suffer, especially since the smoking ban in public places. Many institutions have also put the key under the door in recent years.The second edition of the Observatory of independent trade wholesaler Metro Cash & Carry France, in partnership with BVA, it remains that 50,000 pubs in France in 2010, against 510,000 in 1914. This study shows that 82% of French people prefer these to traditional franchised cafes. However, only 2 out of 10 people go there regularly.

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Then there is the son, or more precisely the fourth son of Rupert James, now considered the likely successor to his father as head of News Corp.. Teenager James was known for his rebellious streak: bleached hair and piercing in the eyebrow, he distances himself from the family way, left Harvard in 1995 and created a hip hop label, Rawkus. After three years, the company, which generates an annual profit of 2.5 billion, was acquired by the company of Dad. James, suddenly sobered, is back in the family fold.

He became head of operations at News Corp. Internet without much success, then the satellite television network that makes Asian StarTV beneficiary. In 2003, his father appointed him director general of the British operator of satellite TV BSkyB.Quelques years later, he left his office to become chairman of BSkyB. James needed so as the most likely heir to his father. The two men are close, they called even daily according to the BBC. The Financial Times also reported an incident in April when James Murdoch, furious, entered the premises of The Independent in storming the cons of a newspaper stating: "Rupert Murdoch does not decide the outcome of the election – it is you who will.

Battle between BSkyB and News Corp: James is at odds

Today, James Murdoch is in a difficult position, combining the positions of chairman of BSkyB and Director of European and Asian operations of News Corp. payday loan. The group led by his father now wants to take full control of BSkyB which it already holds 39% shares. Last week, Newscorp has offered to buy the remaining shares at a price of 675 pence per share. It has raised its offer on Tuesday by offering 700 pence per share. The cost for Ruper Murdoch thus amounts to 7.8 billion pounds (about 9.4 billion euros), valuing the entire company at 12 billion pounds (14.5 billion euros) .

BSkyB has however rejected the offer, saying it significantly undervalues the company.In a statement, the British operator admits however that "an offer from News Corp. could serve the future interests of its shareholders" but said he would only accept a superior offer to 800 pence per share.

According to the Financial Times and the Daily Telegraph, James Murdoch would be steering clear of discussions of the board of BSkyB's offer of his father. The FT noted that "take full control of BSkyB would strengthen the business of James Murdoch is the corner of the empire his father knows best as a former CEO of satellite operator.

Following the announcement, as BSkyB jumped to the London Stock Exchange: just before 15h, action gained 19.40% to 717 pence. This surge up the operator above the purchase price offered by its parent.

Investors are fleeing risky currency – which the euro is due to debt problems of several countries in Europe – in favor of safer currencies such as dollars and Swiss francs, while U.S. employment figures , Still selecting highly expected to referee emerged sharply higher, but less good, however, that those expected by analysts.

Including the 431,000 jobs created in May in the United States, on the first four months of the year, the U.S. economy created 200,000 jobs.But in the vast majority of them, these new posts are made through the timely hiring of staff for the census. Excluding this one-time occurrence, the economy created only 20,000 jobs.

These figures "are a blow to the enthusiasm on the global economic recovery," said Joshua Raymond, an analyst at City Index.This means that companies "are not hiring more sparingly and do not yet have enough confidence in the future to engage in massive recruitment," says Aurel BCG.

Fillon drives the point

Just for fun, Francois Fillon has ruled that the continuing fall of the single currency was a "good news", able to boost exports from the eurozone.

The term "parity" – meaning a dollar / euro – used during the press conference as prime minister by Friday precipitated a collapse of the euro against the dollar, forcing Matignon rectify the rooms to calm market.

"When politicians they understand that reviews loans for their candor and local audiences have destabilizing effects on financial markets?" Was upset Michael Hewson, an analyst at CMC Markets.

The comments "do not make any gift to the euro, according to the analyst. "They certainly do not help not to stabilize the single currency (and otherwise) to undermine the credibility of the finest political will to support the euro," he said.

Europe degraded by HSBC

Side debt in Europe, the series continues. On Friday, HSBC has downgraded its recommendation on Europe, excluding the United Kingdom, "neutral" to "underweighted" because "there are still too many uncertainties about the health of banks on the future of the euro on sovereign debt, and growth to take risks in this area now.

Hungary worried

After Greece, Spain and Portugal, the contagion of the disease spreading further public finances in the euro area, Hungary.

The government spokesman who said that about a politician reminiscent of the small countries a chance to avoid a crisis similar to that of Greece were not exaggerated.

Following comments from the spokesman for the government, the forint fell to a lower than a year against the euro traded at 285.75 forint per euro, before slightly rising up around 288 forints .

Hungary is on a drip of 20 billion euros made available by the International Monetary Fund (IMF), the European Union (EU) and European Central Bank (ECB) since the fall of 2008.

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His European counterparts also suffer, while banking stocks enroll the largest declines, everywhere.

This reflects the renewed concern about the economic health in Europe, barely a week after the European plan negotiated the titanic last weekend. Further evidence of the uncertainty room, the euro broke the 1.25 dollar, which had not happened for 14 months. Gold coast near 1,240 dollars per ounce. Unheard-of.And oil is under $ 74 a barrel.

Banks underperforming in Europe

In Italy, while the FTSE-Eb hollow losses and was down 2.7% at 20,314 points at 10:30, the many bank stocks are at the bottom of the list: in order, loose UniBanca 4.6% to 8.1 euros, Mediobanca, 4.2% to 6.2 euros, Banco Popolare, 4% to 4.25 euros, UniCredit, 3.5% to 1.9 euro, and Intesa Sanpaolo, Italy's leading bank , yields 3.8% to 2.2 euros.

In Spain, same old story. The Ibex 35 largest market capitalizations falters 3.4% to 9639 points, and the banking sector heavyweights weigh box. Banco Santander, the second largest bank in Europe, falling 5% to 8.7 euros, and Banco Popular 4.75% to 4.7 euros.BBVA fold from 3% to 9.2 euros and 3.6% of Bankinter at 4.85 euros.

The Dax in Frankfurt, he, more resilient – the index of 30 companies the biggest German stock market down 0.45% at 6223 points. But again, it is Deutsche Bank, which is at the bottom, falling 2.16% to 49.8 euros and Commerzbank sells 2.1% to 106.8 euros.

In Belgium, KBC retrograde 3.4% to 31.5 euros and Dexia 3.25% to 3.7 euros in a market down 1.75% at 2490 points for the Bel 20. And in Switzerland, UBS depreciates 3.35% to 16.1 Swiss francs, financial group CS Group lost 3.1% to 47 Swiss francs.

The bank still frontline

Fears of a state unable to grow its fiscal power the risk of lowering its rating by a rating agency. But what are the financial institutions in a country with the largest of government securities in the portfolio.

Generally, capital financial institutions required to hold an asset also depends on the "rating" (the note) of the issuer of this title. If it deteriorates, the capital required to hold a state title will be more important.

As banks are exposed to the Spanish Treasury securities, profitability and solvency is lowered … hence the fall in stock.

These negotiations will be tough. If Sweden, which does not belong to the eurozone, said she would not rule of replenishing the fund for assistance, the United Kingdom, he was categorical. It will not contribute to the plan because it is not part of the single currency club.

"I think it is important that we do everything we can do to stabilize the markets …Be very, very clear: if there is a proposal to create a stabilization fund to the euro, it must be left to the Eurogroup countries, "said British Finance Minister, interviewed from Brussels by British news channel Sky News.

Despite these differences, the EU wants to send a strong signal to markets. They have since the beginning of the crisis in Greek, brought little credit to European decisions. On Sunday, the Spanish Minister of Finance, Elena Salgado, has shown great volunteer arriving in Brussels for talks: "We will defend the euro, we believe that we should give more stability to our currency, and we will do what is necessary to achieve that goal. "She also stated that "Spain does not intend to use this fund."

The original idea was that the European Commission to borrow under the guarantee of all countries of the European Union, including those like Britain that do not use the euro, as it is mechanism of the EU, diplomatic sources said.

To validate such a device would require the approval of a majority of the 27 qualified enough that EU ministers meet in Brussels, but the goal is to have a consensus.

An agreement must Tonight

London's refusal to participate could force the euro zone to fall back on a loan facility guaranteed by the only countries using the single currency, an option also being considered.

The contingency plan for defending the single currency will he ultimately guaranteed by all countries of the EU or the only states in the euro area? "It's a question for debate," a diplomatic source admitted to another European country.

The British, they refuse to give their guarantee for loans in Europe, however, are willing to approve in principle the establishment of the Stabilization Fund, according to British sources.The latest proposal on the table talking about a $ 60 billion for the fund, she said.

The euro area is imperative to reach an agreement before financial markets open in Asia on Sunday night to Monday in order to be able to reassure investors after Greece took in their sights Spain, Portugal or Italy.

London also in turmoil

The United Kingdom is, as the euro area in turmoil. The elections on Thursday did not produce a clear majority in Parliament, which is at once suspended. Because of this uncertainty, the pound fell Friday below 1.46 dollars, its lowest in a year.

Markets are particularly concerned about the reduction of budget deficit British, the highest of the major EU countries. It reaches 12% of gross domestic product (GDP).What dig the debt, which could peak at 94.1% in 2011, according to the OECD. The rating agencies expect the presentation of a future austerity plan to degrade or not the "AAA" rating from the United Kingdom.

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»COMPUTER GRAPHICS – Aid to Greece in five questions

The co-founder of Apple and provides no fewer than six reasons for this refusal. Widely used on the Internet, Flash is a plugin "100% proprietary" Apple can not improve. However, it would be slow and insecure. It would reduce the autonomy of mobile devices and would not touch some of the gestures.It would not, either, if necessary to take advantage of the Internet, since the videos from YouTube and other sites have already been converted into a format readable by devices from Apple, H.264. Finally, the creation of applications and Flash games, designed to run on multiple platforms, not exploit the best features of the iPhone.

"Flash has been created during the era of PC to PC and mouse," says Steve Jobs, therefore, recommends that Adobe to focus more on the future "instead of criticizing Apple for having drawn a line under the past" . The future, he says, is to open formats on the Internet, including the HTML5. To the chagrin of Adobe, these new tools can include videos on websites without having to install Flash on their computer or mobile payday loans.Already, U.S. media have changed their site to include video in HTML 5, still remember Steve Jobs.

Crisis communication

Nevertheless, the lack of Flash in web browsing is still among the most frequent errors associated with the iPhone and iPad. It also applies to Apple's repeated criticism on the Internet. During April, an employee of Adobe has publicly recommended Apple to "get lost". Its competitors also benefit. Earlier this week, the head of the development of Android, Andy Rubin, has compared the restrictions of Apple's policy of North Korea and announced that future phones will integrate Google Flash. In Silicon Valley, rumors suggest that the case could be brought to justice.

The open letter published Thursday shows that these incidents are taken very seriously at Apple.Steve Jobs had already used the same method to break Apple's other crisis situations. He responded to Greenpeace, which accused the Mac to be too environmentally unfriendly, had determined the end of the locks on music (DRM) and announced his illness and withdrawal. In this battle as technical as media, Steve Jobs, however, avoided relying on an unlikely ally, Microsoft, whose new mobile operating system, Windows 7 Phone will not be compatible with Flash.

On the macroeconomic front, the Singapore authorities said Wednesday that the country's economic growth could be between 7% and 9% this year, against previous forecasts of 4.5% to 6.5%. It could even reach the first quarter of this year 13.1% and 32.1% a year over the fourth quarter of 2009.Consequence: Stock Exchange of Singapore, the Straits Times Index closed up 1.05%.

Barrels of oil increase

Following a meeting between Chinese President Hu Jintao and his U.S. counterpart, Barack Obama, under the Nuclear Summit in Washington, Bush reiterated his desire to see China revalue the yuan no teletrack payday loans.

Crude prices are trending upward in Asia Wednesday, the market reacts to forecasts of rising demand for crude announced by the International Energy Agency (IEA).In morning trading, a barrel of light sweet crude for May delivery took 34 cents to 84.39 dollars, while Brent North Sea with identical maturity, gained 18 cents to 84.90 dollars.

In its monthly report, the IEA has reviewed again slightly upward, from 30,000 barrels per day its forecast for global oil demand in 2010. Consumption is expected to rise this year to 86.6 million barrels per day on average, 2% more than last year.

Toyota has advised its Canadian and American dealers to suspend sales of its Lexus model, the GX 460, following criticism from a consumer magazine, Consumer Reports. At the Tokyo Stock Exchange, the title won 0.13% to 3710 yuan.