A spokesman for Sanofi-Aventis joined Thursday morning would not comment on the rumor. But the group said it intends to continue its discussions with Genzyme, "he says, recalling that the laboratory has released a takeover offer for the U.S. company specialized in rare diseases Genzyme August 29 for $ 69 per share. The offer, valuing biotech to $ 18.5 billion (14.5 billion euros), was denied by Genzyme which considers inadequate.

The DealReporter says that raising the price to 71 dollars per share "was circulated during telephone conversations between the two companies last week. In exchange, Sanofi-Aventis would make a "partial due diligence" that would enable him to obtain additional information on the accounts of Genzyme.

Citing sources familiar with the matter, the DealReporter said such a rise is not sufficient to ensure that Sanofi-Aventis access to accounts from Genzyme.

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Investors, who had relieved acueille unexpected, increase of the ISM manufacturing index yesterday also learn some good news surprise side of the job today. Entries weekly unemployment, against all expectations, declined slightly in the United States during the week to August 28, at 472 000 478 000 cons last week, according to the labor department.Economists had expected jobless claims averaged 475,000.

But at the same time, investors learned that nonfarm productivity had declined much more sharply than expected in the second quarter to post its sharpest decline since the third quarter of 2006. Productivity has contracted at an annual rate of 1.8%, instead of a contraction of 0.9% initially announced. Although expectations were counting on a decline of 1.9% over the period April to June, this review again cast doubts on the markets.

Still on macroeconomic, investors now expect industrial orders for July and the promises of home sales for the month of July.

Note that the foreign exchange market, the euro is up slightly against the dollar, but only to increase its gains amid anxiety before the monthly monetary policy decision of the European Central Bank (ECB) and on the eve the very important report on employment and unemployment in the United States. The European currency traded at 1.2824 dollars against 1.2807 dollars late Wednesday afternoon.

Burger King flies

On the side of values, the automotive sector should stand today. The month of August has actually been the worst for U.S. auto industry since 1983. Sales fell 21% to 11.47 million vehicles.Ford Motor (0.53% to 11.67 dollars) has reported a sales decline of 11%. General Motors, which is preparing an offering of securities to reduce by nearly 61% of the state capital, reflecting a drop in its sales by 25%.

Always on the side of values, the U.S. computer giant Apple (-0.18 to 249.87 dollars ù) has unveiled the updated version of its iPod portable should be very surrounded. The Apple brand has also significantly lowered the price of its Apple TV boxes, for playback on a television screen high definition video from a computer.

According to CNBC, Burger King (23.30% to 23.26 dollars) will be acquired by Capital 3G priced at $ 24 per share. The transaction is valued at a total of four billion dollars (3.12 billion euros).

Warren Buffett has filed a formal offer to repurchase its Berkshire Hataway (+0.11% to $ 81) of 19.9% stake it does not already own in Wesco Financial (0.94% to 34.31 dollars).

General Electric (unchanged at 15.01 dollars) and Westinghouse Electric (-0.42% to 361.46 U.S. dollars) could spend ten billion dollars (7.8 billion euros) in total to build two nuclear reactors in India , the Financial Express reported Thursday. Citing unidentified official sources, the newspaper said the two projects are being finalized in preparation for the planned visit in November, U.S. President Barack Obama.

HP (+0.38% to 39.36 dollars) announced Thursday it had raised its takeover offer for 3PAR (5.27% to 33.77 dollars) to $ 33 per share, valuing the company Storage Data to 2.4 billion dollars.This announcement follows the increase in supply pa Dell (-0.87% to 12.01 dollars) which offers $ 32 per share. 3PAR has responded by stating that the offer was superior to HP and that he intended to break its previous merger agreement with Dell.

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.

Valued at $ 7.1 billion in stock, as the closing price on Wednesday (up 2.9%), against 26 billion in the summer of 2006, KKR could see its market capitalization rise to $ 9.2 billion , according to analysts at Rabobank.They believe that after Blackstone's IPO in New York a second heavyweight private equity could galvanize investor interest and emulation.

Redeploy the firm

After the resignation of Jerome Kohlberg (the second "K" "KKR") in 1987, shares Henry Kravis (the first "K" "KKR") and his cousin George Roberts (the "R" of "KKR ") amounted to 13% for each of the company, which manages 55 billion in assets and employs 600 people. All employees of KKR a stake in the capital.

The two founders of U.S. private equity group hoping through the IPO to ensure that KKR will become less sensitive to cycles of uncertain LBO (leveraged buyout or takeover of a company through debt). This is why they are working on a redeployment of the firm towards the profession of investment banking.The question is whether investors will be convinced.

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– Station: Ticket prices for trains Coral, Intercity and TER (Regional Express Train) will increase an average of 2.5%. This will result in higher ticket from 10 cents to 2.30 euros depending on distance traveled during the trip.

As for the discount cards (cards 12-25, Senior, and Child Escapes +), their prices remain unchanged.

– RATP: The price of individual tickets will go from 1.60 euro to 1.70 euro.

Subscriptions Navigo will also increase, except for packages zone 1-5 and 1-6.The monthly Zones 1 and 2 (Paris and suburbs) rises from 56.60 to 60.40 euros (+6.7%), the zones 1-3 of 74.40 to 78.20 euros (+ 5.1%) and the zones 1 to 4 from 91.70 to 95.50 euros (+4.1%).

• Energy

– Gas: After an initial increase in April, prices will increase again by 2% to 4.7% (about 8 euros per year for those who use gas for hot water and cooking 45 per year for those who use it also for heating)

– Bulbs: As part of the scheduled end of incandescents in the EU to promote energy saving, incandescent lamps of 60 watts are removed from store shelves.Those whose power was 100 watts or more have disappeared from shelves in 2009.

• Bonus for scrap

The premium case is lowered to 500 euros instead of 700 for any car ordered until December 31.

• Stamps

The price of postage for mailings of letters under 20 grams, will increase by two cents from 56-58 cents, an increase of 3.5%.

• Retirement

The index points which is the basis for calculating salary in three public (state, territorial and hospital) must be revalued by 0.5%.

• Unemployment benefits

Allowances of approximately two million unemployed by unemployment insurance compensation will be revalued by 1.2%.

• Communication

– Hadopi: It is from this Thursday that the first warnings will be mailed to users in violation of the law on downloading.

– Phone: The price of calls made and received from another EU country (roaming within Europe) will be reduced to 39 cents per minute excluding VAT cons 43 cent today. Receiving a call will be charged € 0.15 per minute instead of EUR 0.19.The SMS tariff remains unchanged for its 11 cents per message.

• Business and Disability

Firms with more than 20 employees employ any disabled person and took no action to promote employment of disabled people will have their penalties tripled to about 13,000 euros per person missing.

• Livret A

Currently at its lowest level since its inception to 1.25% – Return of the booklet A should move to 1.50% or 1.75% from 1 August by Budget Minister Francois Baroin.

The rating agency justifies this development, which will cost "several million" up interest rates to SNCF, by "the European rules that could make it more difficult in future for possible financial support" of government French in the public company as well as the opening to competition of rail passengers including his lucrative branch TGV."We believe that the most profitable activities of the station will be gradually exposed to competition," explains Standard & Poor's.

Since 1 January, the international passenger traffic is indeed officially liberalized in Europe, pending an opening to competition of domestic traffic, which is expected by 2015. For now, only Veolia announced its willingness to engage in this activity. A perspective that condemns the station eventually to lose market share.

"It remains a very good note"

The SNCF said it was prepared to such an announcement since the "perspective" was negative since September 2008. "It remains a very good score Guaranteed pay day loans.Many European states have not rated AA +, "said David Azema, deputy CEO in charge of finance and strategy at SNCF. The rating agency looks at the level of support that the station can expect from the state. The AAA rating corresponds to a quasi-automatic support in the event of default and AA + to support very highly probable. "

The company refuses to see in this a confirmation that the degradation status of public institution operating in industrial and commercial (Epic) is threatened. The S & P's decision certainly comes just after France decided to take legal action against the EU Commission, which considers the status of Epic necessarily implies an unlimited guarantee from the state, inconsistent with competition who sits in the sector.The rating agency noted that although skirmish between Paris and Brussels, but does not in itself a cause of degradation.

Conversely, the fact that the station has seen its rating lowered even though it is still an Epic could argue along the lines of the French arguments: clearly, the status of Epic does not mean the view of S & P that the situation Financial SNCF blends perfectly with that of the French state.

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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.

Greek Prime Minister George Papandreou said on Sunday a new "sacrifices" that meet the requirements of the IMF and the EU, adding that the new austerity measures against officials and retirees of public sector salaries and save private sector.

A deficit below 3% in 2014

"We are all called to make a choice. The choice is between the collapse or a program of structural change.The government has decided to save the country ", said Sunday the Minister of Finance, George Papaconstantinou.

Save the country, European language, is to establish an austerity plan that allows the return of a budget deficit below 3% of GDP, the ceiling required by the Maastricht Treaty to cement his place in the EU.

Thus the Minister of Finance has proposed to launch an "economic agenda that includes efforts to reduce the budget deficit of 11 percentage points of GDP or 30 billion euros – more than 4.8 billion already announced for 2010 – from today and the next three years "for a return under the famous European threshold by 2014.According to estimates by the Greek government, the deficit would be 8.1% this year, 7.6% in 2011, 6.5% in 2012, 4.9% in 2013 and finally 2.6% in 2014.

From his side, public debt is expected at 133.3% of GDP this year and should continue to rise, up 149.1% in 2013, before beginning to recede in 2014, 144.3%.

Drastic measures

Among the main measures announced included a wage freeze and the removal of 13th and 14th month salary in the public service. There will, however, no change in private sector wages.

The minimum age for retirement is 60 years. Public investment will be reduced and a fund to help the banking system will be implemented.

Starting in 2010, is also provided a further increase of one to two points of the VAT (value added tax, which is already 21%, France is at 19.6%) fast cash advance loan.

A financial assistance plan to ensure the stability of the euro area

Ending speculation and ensure the stability of the euro area. These are the priorities for a Europe troubled for several weeks by the threat of bankruptcy of one of its members.

While rates have long known Greek fevers to worry about the financial world right, and that the euro has depreciated at a rate fears about the ability of Greece to declare bankruptcy, the very viability of the model European Union has been threatened. Political tensions between the heads of state of member countries have revived the debate on Europe in a failure of coordination.

The amount of funding to be given jointly by the EU and the IMF has not yet been revealed, but it will be "unprecedented in the world. The French Minister of Economy Christine Lagarde on Saturday evoked total amount of support within the range suggested by the IMF and the European Commission between "100 and 120 billion euros". She said it was "a plan over three years, the current year, 2011 and 2012." According to analysts at Natixis, the country would need 130 billion euros over three years.

In any case, Greece might blow. The country will repay its term of almost nine billion euros to be repaid on May 19 next.

Never again

Nicolas Sarkozy and Angela Merkel intend to take "initiatives in the coming days" for Europe to strengthen monitoring mechanisms within the euro area, expedite its work on the fight against speculation and improving the transparency of products derivatives and make further proposals on the regulation of rating agencies.

For these rating agencies, Banier Michel European Commissioner for Internal Market and Services, expressed support on Friday to create such an entity in Europe that would complement three existing credit rating agencies, all U.S., Standard & Poor's, Moody's and Fitch.

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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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