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Lanxade Thibault, head of the SME Aqoba, who had called for a "primary challengers last fall, has also withdrawn from the race for President of the MEDEF.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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The green still dominates the Paris Bourse. Comforted by the end of the Japanese Nikkei up on Monday, the CAC 40 continues its momentum on Friday with an opening up of 0.69% to 4078.38 points. Last week, Paris had the key index closed up almost 2%, surpassing the 4000 points to 4050 points.
Investors are reassured by the Parisian rescue plan with Greek details, as expected, were finally unveiled this weekend. The European system, operational since Sunday, includes up to 30 billion euros in loan agreements with joint assistance from the IMF. The news caused at least boosted the euro. In morning trading, the euro is worth 1.3675 dollars, up 0.12% against the greenback.
Elsewhere in Europe, same atmosphere. The London Stock Exchange opened up 0.50% to 5799.95 points.For its part, the DAX index of the Frankfurt Stock Exchange opened up 0.54% to 6283.81 points.
On the face of macroeconomic indicators, no news likely to react to the markets is expected. Important data such as current accounts or French industrial production in the euro area, will in the coming days.
However, the quarterly publications begin Monday in France and the United States. Intel, Google, Bank of America, or General Electric are expected across the Atlantic this week. The monitor Alcoa France or Atos Origin cash advance.
The bank form
The reaction of the banking sector support plan in Greek has not made wait. The bank had suffered last week, suffering from the fears of too much involvement in the problems of sovereign debt in Europe.Credit Agricole, Societe Generale and BNP Paribas were down. On Monday, they found the strength with respective increases of 1.05% (13.43 euros), 1.59% (46.62 euros) and 1.57% (57.64 euros).
In an interview with the Journal du Dimanche, the chief executive of Publicis (-0.05% to 31.38 euros) said this weekend that the advertising investment is not expected to regain its 2008 levels by 2012.The latter also expressed readiness to re-evaluate its offer for the advertising of France Televisions, if the advertising was finally upheld.
France Telecom (stable at 17.56 euros) is being difficult in Egypt, where a court on Saturday confirmed its decision to block the bid from France Telecom on the minority of ECMS, the first mobile operator in terms of number subscribers.
According to sources close to the deal, EADS (+0.20% at 14.93 euros) will announce its position on a possible bid for the tender for the supply of tanker aircraft to the army of U.S. Air.
Alcoa (who finished the session at -3.23% on Friday) published the figures in its first quarter after market close in New York.
The mobilization will she go in this Tuesday, two days in a large loss of the right in regional elections? Six unions (CFDT, CGT, FOR, FSU, UNSA, Solidaires) called on employees of public and private to a national day of action aimed at influencing government policy on political and social. If it comes shortly after the regional elections, the appointment union had however taken immediately after the Social Summit in February, meeting at the initiative of the Head of State to discuss, among other things, the upcoming construction of the reform pensions.
Tuesday afternoon, thousands of demonstrators began to march throughout France. If the number of participants were not recorded in Paris, 10,000 people marched in Nantes by the CGT, the police still had no figures available. They were at Le Mans 7000, according to police, 2000 in Vannes, according to unions.In Rennes, the mobilization seemed weaker. Also according to police, Lyon accounted as 10,000 demonstrators, Grenoble 5000, and Saint-Etienne 4400.
The strike of civil servants was also relatively followed in mid-day. The department estimated that 21% the proportion of striking teachers, estimated at 40% for the SNES-FSU, a rate higher than the previous mobilizations. 11.45% of the postal employees were also mobilized by the leadership. At the station, the strike rate was estimated at 28% by management, and 32% by the CGT. At RATP, it would amount to 14% depending on the direction, the CGT-RATP not yet have figures to communicate.
Pension reform crystallized discontent
Two main points today crystallize opposition from unions, following a government reshuffle.
• Pensions: major point of contention between the unions and the government, the pension reform was launched at the Social Summit in February. While the dialogue should begin early April, several union leaders have spoken about this on Tuesday, sending a warning to the government. The CFDT leader Francois Ch?r?que has called for a reform that reduces inequality. "Of course we must change our pension system, but it does not evolve towards greater social justice, this is again a loss of confidence in politics" best payday advance !!!???!!!?? ?!!!. Therefore, it could "be the sport at a social level," he warns.Jean-Claude Mailly, secretary general of FP, for his part reiterated on Tuesday his commitment to the LCI retirement at age 60, holding "absurd" the solution of longer working hours to alleviate the funding problems induced by the lengthening of life expectancy. "If we follow this logic, women live longer should work longer," he argued. As for Bernard Thibault, leader of the CGT, he believes "we can not impose reform on accounting criteria exclusively, also challenging the objectivity of the Advisory Committee of pensions. "This appointment will be very difficult to carry," he predicted. Probably heard a speech by the new Labor Minister, Eric Woerth, who insisted on Tuesday on the need to "protect" the current system "an equitable reform.
• Employment: while the unemployment rate back above the 10% in the fourth quarter of 2009, the CFDT called for taking further steps to assist employees affected by the crisis. Pleading for an appeal to partial unemployment, training rather than dismissal, the leader of the CFDT has also called for financial support purchasing power and resources center for sustainable employment. The employees "have the feeling that we no longer speak of their real situation since September. An impression they would have in his Sunday expressed through the ballot box. The government must now "give strong signals, and change of method," he said. A view shared by the leader of the CGT, Bernard Thibault, who on Tuesday urged the convening of a new social summit at the Elysee.The meeting, a time desired by the head of state says he would aim to "take stock of the situation regarding employment, economic and social policy and purchasing power for practical decisions for implementing fast.
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After two days of contacts with the new CEO of France Telecom, Stephane Richard, and Chief Financial Officer Gervais Pellissier, the Oddo Securities analysts draw conclusions rather reassuring: the new management team "has the qualities needed to improve the social climate within the group, without deteriorating financial goals.
Stephane Richard, who replaced Didier Lombard on 1 March, has confirmed giving priority to the alleviation of social relations within the group.Oddo Securities said in a note published today have felt the new management as "very attentive, controlling well the great social, financial, and fellows of the group and sector, and wishing to show more transparency and sense that commercial shine.
Social criteria are taken into account for the premiums
Among the concrete steps, variable pay (bonuses) for a little over a thousand leaders in France will now be indexed to 50% on financial criteria (against 80% previously), to 20% on quality criteria Services (unchanged), and 30% on social criteria (non-existent before), if possible, quantifiable as absenteeism.
Furthermore, agreement with unions was recently signed to the senior part-time and mobility.And an action plan is provided, internally, to "motivate all the teams around unifying themes, they add, such as quality of service, accountability teams decentralizing some decision-making, improved working conditions, etc..
Management believes these new devices n'impacteront hardly the finances of France Telecom, which has already made "significant restructuring since 2002," says Oddo, who adds that the cost of social concessions is already integrated in the accounting 8 billion euros of cash flow in 2010.
The operational track
Besides the social side, management has raised a dynamic business "still very strong in the mobile in France and Great Britain. The target of 35% ADSL market share in 2010 is maintained.
Investments should be under control, "the group had no problem of saturation of its mobile networks. France Telecom does not accelerate but rather the deployment of 4G from mid-2011 if necessary, "says Oddo.
Considering all this information, the team of analysts expressed confidence in the ability of France Telecom to maintain its dividends "beyond 2011".
Acquisition strategy shy
No big acquisitions in sight. While St?phane Richard wants to promote growth in the long-term actions to respond to the stock market rising, it remains on the defensive. A shift could occur if a major consolidation movement was born.
France Telecom remains focused on some inexpensive targets outside Europe or purchases "in market" in the Old Continent.Oddo suspected a connection between Telenet and Mobistar, or rallying with a fixed player in Spain. In Britain, the broker anticipates that the joint venture Orange / T-Mobile UK will seek a buyer for its fixed network. Ultimately, it is also possible that the joint venture includes a British MNVO (MVNOs) like Virgin Mobile.
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As expected, the increase in U.S. indices is very shy. Investors are always in effect evidence of caution before the publication of several major macroeconomic indicators. In early trading, the Dow Jones and Nasdaq 100 advanced 0.04% to 10,572 points and 0.01% at 2340 points. Tuesday after a turbulent session, the U.S. stock markets finished slightly higher, the Nasdaq has shackled its tenth session in the green.
The next U.S. statistics are expected Wednesday, with the traditional weekly report on unemployment, wholesale inventories in January and after closing the federal budget in February.Weekly Market in the United States, will then be placed under the sign consumer with the publication tomorrow of the sales details for the month of February and the preliminary estimate of consumer confidence.
Oil finished down slightly on Tuesday on the New York market, falling from a high of eight weeks, the April contract closed down 0.5%, to 81.49 dollars, penalized by a stronger currency U.S..
AIG rise another 12%
On the side of values, the insurance giant AIG, which forced march to advance its restructuring was awarded 13% Saturday and climbed again this Wednesday, from 12.57% to 36.89 dollars. Traders welcomed the efforts made by the insurance company to reimburse the state aid, a shareholder at 80%. The group conducted a series of steep cuts to enable it to garner around 25 billion dollars.
Citigroup allows itself for its 4.19% to 3.98 dollars after yesterday awarded more than 7.5%. The state could sell shares in the bank.
United Airlines has announced a growth of 18% of its turnover in passenger transport on February. The president said the group observed clear signs of renewed activity. Note, however, the snowstorms have affected the company announced a loss of 40 million due to the cancellation of hundreds of flights. The securities are 3.69% on Wednesday to 18.83 dollars.
Facet Biotech Corp. has accepted the takeover offer made by Abbott Laboratories, priced at $ 27 per title, a cash offer totaling $ 450 million. Direct impact on the stock market: Facet Biotech Corp. explodes from 66.19% to 26.94 dollars.Abbott remains in equilibrium.
Cisco on Tuesday claimed a major milestone in the conquest of Internet connections at very high rates, presenting a new router overkill.
The number one worldwide in street furniture, JC Decaux SA, published its 2009 results on Wednesday. Its sales are down 11.5% to 1.919 billion euros owing particularly to the fall of the advertising market. At constant scope and exchange rates, turnover is down 10.9%. Its net profit after minority interests fell to him, from 77.3% to 24.5 million due primarily to lower operating margin.
The group's operating margin has in fact declined from 28.7% to 392 million euros. It reduces the overall activities of the group: -24.8% in urban furniture, -32.6% in transport and 46.1% in display.Despite this sharp decline in operating margin and the impact of the acquisition of an additional 49.2% stake in Wall AG, JCDecaux has reduced its net debt at December 31, 2009 of 36.6 million euros to $ 670 million payday loans for bad credit .
A 2010 uncertain
For the year 2010, the Chief Executive and Co-CEO, Jean-Francois Decaux expects "organic growth of around 5% in first quarter 2010. Nevertheless, the market continues to be characterized by reduced visibility and the possibility that we are at the beginning of a sustained recovery in the advertising market remains uncertain. "He adds, the Supervisory Board will also not pay a dividend in respect of 2010. "
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The "revolution" promised by Apple will wait a bit. On Friday, the U.S. group announced that its touch pad will be marketed in France and in several other countries until the end of April, a month later than originally indicated. Only Americans can place orders from March 12. In the U.S., shipments of the model with a WiFi connection indeed begin earlier, April 3. The model with 3G as it arrives at the end, as in France, where the two versions will be available at the same time.
Rumors of a delay in the iPad was buzzing for several days. Monday, analyst Peter Misek, Canaccord Adams, had reported the first production of concerns among suppliers of Apple. "We learned that the launch of the iPad would be limited, while congestion in manufacturing has impacted the production of new aircraft," he wrote.Hence the choice of restricting output in the United States, the time to increase the production rate. But on Wednesday, contradictory information had been circulated. Apple has not commented on this point.
"The risk of frustration"
This delay, however, should have little impact on sales. "We believe that the only impact of this delay could come from the frustration of consumers and product launch somewhat tarnished for Apple," wrote Peter Misek. According to his estimates, some 550,000 tablets could be sold by the end of June, up 1.2 million and 3.5 million in October the following year. Early studies indicate that the entry-level models (WiFi, 16GB of storage, $ 499) and high range (WiFi and 3G, 64GB storage, $ 829) are the most requested.Prices in euros are not yet known.
Beyond the case of Apple, the delay gives the tablet a little air to developers who rush to provide software adapted from the start. If the iPad can run applications from the iPhone by doubling the required size on the screen, the device opens the field for specific uses, including through the development of new menus in the interface and d an optional keyboard. However, outside of Apple and some major publishers like Electronic Arts and the New York Times, most developers have started work on the iPad after his presentation, January 27.
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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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U.S. exchanges are connected to the cautious mode. At the opening, the Dow Jones earns a "small" 0.01%, before the publication of statistics of disappointing, while the Nasdaq lost 0.18%.
The expectation results from Intel, which will be announced tonight after-hours trade, is felt. The day before, markets have been supported by financial stocks and ended the session up support. And this morning, Asian stock markets ended in green.
According to the Fed, interest rates remain permanently low. The Minutes of the FOMC have confirmed a continuing recovery in economic activity, but the country still convalescing.On Wednesday, the United States has issued a budget deficit widened in December, reaching 91.85 billion dollars.
In Europe, the ECB left its key interest rates to 1% on Thursday.
Disappointments side statistics
The number of registered unemployed in the United States was up more than expected during the week ending January 9, according to figures released Thursday by the Labor Department. In data adjusted for seasonal variations, these weekly applications for unemployment benefits rose for the second consecutive week to 444,000 against 433,000 (revised) the previous week.
Another disappointment, retail sales in the U.S. fell against all odds in December, according to official figures released Thursday in Washington, but this masks a bad performance review of their surge up the previous two months.
Sales at retailers and restaurants fell 0.3% in November (data seasonally adjusted), said the Commerce Department, while analysts were waiting up 0.5%, according to their median consensus .
And import prices in the United States remained stable in December compared to the previous month and rose 8.6% over the whole of 2009 due to high prices of energy, according to figures released Thursday by the Labor Department.
Mixed opening for banking
President Obama should present today (noon, local time) measures to facilitate the repayment of public aid for banks and given guidance on the new tax credit. Shortly after opening, JP Morgan Chase gained 1.06% to 44.73%, Bank of America 0.54% to 16.71 dollars. In contrast, Morgan Stanley sells 0.83% to $ 31 and Goldman Sachs 0.69% to 167.90 dollars. Wednesday at the close, Bank of America gained 1.6%, 1.8% JPMorgan Chase, Morgan Stanley 0.4% Goldman Sachs 0.7%. To recall, JP Morgan Chase will release Friday.
Hershey (-3.02% to 36.61 dollars) has proposed a new offer to buy Cadbury, the Financial Times. Off-exchange, as Hershey sells nearly 3%.Cadbury breath as he seeks another buyer that Kraft Foods.
Rio Tinto (+2.54% to 233.94 dollars): the Australian mining group columbia unveiled its production of iron ore rose 49% in the last quarter of 2009, over one year.
The company Zale Jewelry (2.54% to 3.23%, having lost 8% non-Exchange) has seen three of its senior executives leave the group.
Intel (+1.71% to 20.96%) publish, after market, its annual results.
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"An adviser employment center follows on average 90 to 95 files" recalled Laurent Wauquiez Friday. Enough to justify the listing of the use of additional reinforcements. Secretary of State for Employment was shown Friday in favor of hiring 1,000 people in one-year contract. He "hopes to be operational in February, to help the 47,000 employees that already work center.
"These forces will be assigned to keep the front of compensation to avoid a bug as in 1993" and "coming as reinforcements in the regions most vulnerable," said Laurent Wauquiez front of the Journalists Association of Social Information, stressing that "these reinforcements are designed to help us get through the crisis." Asked about the financing of its additional measures, the Secretary of State has estimated the budget sufficient employment center to fill them.
Merging ANPE-UNEDIC occurred against all odds in economic crisis has created a very tense social climate in the new public. To cope with the influx of job seekers – 80,700 salaried jobs have been destroyed in the third quarter of 2009 according to latest figures from INSEE – CDI hires in 1840 and 1000 or hiring in fixed-assisted contracts have already been made since early 2009.