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The Council of State suspended the execution of the decree of September 29 on the sale prices of natural gas, the institution announced on Monday. Gas prices are definitely a real headache for the government. Enact increases in the order of 4 or 5% per quarter is difficult to six months of a presidential election, particularly in times of crisis. So the government there decided by a ministerial decree of 29 September, to freeze the rates for individuals instant credit report. This price stability followed that decided on July 1.

"The Minister of Energy is preparing a new tariff order to be consistent with the decision of the State Council," responded late Monday afternoon, the firm Eric Besson said in a statement.For their part, competitors (Poweo, Direct Energy, Altergaz, Gaz de Paris) grouped in the association had also applied to the anode highest administrative court, in proceedings for interim relief.

Philip Hall, the new boss of Altran, promised to refocus. It does this. Friday, the board of the technology consulting group examined the future of its subsidiary, Arthur D. Little. Among the different scenarios studied, the sale of the consulting firm strategy its leaders holding the rope, according to our information. While the managers of the subsidiary offer for months to redeem, Altran, assisted by Messier Maris & Associates, contacted several consulting firms, BCG at Monitor Group through Sia, to explore alternatives.

But these tracks did not result: competitors were primarily interested in the brand Arthur D. Little, well known, at the same time alienating the teams.A complex equation, in a world of service where the value of the firm is keen to its consultants.

Altran, which publishes this morning's quarterly revenue, could take the opportunity to announce the opening of exclusive negotiations. According to the proposed scheme, the group would agree a loan managers to its subsidiary, deficit in 2010, so they fund the recovery. To secure this commitment, the brand remains the property of Altran until the loan is repaid. This will result in a depreciation in the accounts of the group. Until this summer, it hoped to sell its subsidiary to 70 million euros. The transaction amount will be much less. Altran in 2002 had bought the European operations of U.S. giant Board Arthur D. Little. This acquisition has not been successful due to lack of synergies between parent and subsidiary.In the first half, the group has cut 39 million the value of Arthur D. Little in his accounts. Contacted by Le Figaro, Altran declined to comment.

Cloud computing brings new giants

Everyone uses without necessarily knowing it, cloud computing, cloud computing, provided mostly by U.S. companies. Facebook, Hotmail (Microsoft) and Gmail (Google), the new Apple icloud are cloud services for the general public. The user accesses the service from anywhere in the world from a mobile or a PC, provided you have an Internet connection. The information is provided on request.

The same goes for companies. With the crisis, they turn to cloud computing. Instead of investing in their own equipment, they buy at the request of their storage needs, software and calculations.The cloud is "a fresh approach to IT services," says Nathaniel Martinez, analyst research firm IDC.

To make these services available all the time and safely, most of the groups IT and telecoms involved in this transformation. Amazon, Google, Microsoft, Rackspace, IBM and HP are some of those actors who provide services or equipment.

"We're always interested in personal computers, smartphones and tablets. But we want to provide end to end solutions for businesses. The global market for information technology is 3000 billion per year and no company in the world carries 10% of this total, "said Michael Dell, CEO of the eponymous company.

With more PC, Dell follows a strategy similar to that of IBM.The group is building data centers and specialized solutions, including one opened in France for the distribution sector.

No company shall, alone, all the elements of the chain terminals, telecommunications network, operating systems, applications, servers, storage equipment and security software. They come together and buy the skills they lack.

Monday, Oracle acquired RightNow, $ 1.43 billion to complete its offering in the cloud applications. In storage, a battle was between market Dell to HP to purchase 3Par, won by HP. Dell fell back on Compellent. In this area, IBM, HP and Dell that are facing specialists EMC, NetApp and Hitachi Data Systems no fax payday loans.

VMware ally of Orange

For its part, the U.S. has become a giant VMware. Its market capitalization reached $ 40 billion.Size gained through solutions that optimize business costs. Its software is used to reduce the number of servers to a client company and deploy multiple applications running on the same computer. "Partner Orange to sell its solutions to French companies, the alliance is a competitor of that formed by SFR and HP," said the expert, IDC. His opponents are Citrix, IBM, Microsoft and Oracle.

In specific applications for cloud computing, Salesforce thrives on its software paperless which is a kind of Facebook for business teams. Its potential is considerable. Its market capitalization reached 17 billion dollars, almost ten times its revenues.It confronts, in this niche, Sugar CRM, Oracle, Microsoft and SAP.

Faced with the immense amount of data created and stored, ordering specialized publishers and analyze the flow of information. IBM, MicroStrategy and SAS Institute, for example, allow a better understanding of user profiles and to predict their behavior. Amazon, Facebook, Google and Microsoft can then better target their marketing campaigns.

"The problem with cloud computing is not as data security, but the protection of privacy," said Vivek Kundra, the former CIO of the federal government of the United States Obama Administration.

However, the software security to the cloud adjust such Symantec, McAfee or Kaspersky. Finally, the major telecom equipment manufacturers such as Cisco and Huawei, want their share.In short, the entire landscape of information technology is transformed.

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The world is concerned about the European blocking

The gap is struggling to fill. France and Germany continue to tear publicly on the best "firewall" to oppose the euro crisis, watched dumbfounded from their European partners, but also the United States and China. On the first day of a series of ministerial appointments and European Summits crucial for the common currency, Paris has once again pushed the idea of ​​using the ECB "because it has the firepower necessary "to contain the contagion, they say the French side. Angela Merkel has hammered his refusal, when approaching a new crisis meeting with Nicolas Sarkozy in Brussels tonight. "The road is closed to appeal to the ECB to ease liquidity problems" in Europe, said the Chancellor before its elected coalition in Berlin.

The impasse before a double peak of the euro Wednesday and Sunday, beginning to worry the rest of the world."The impact is disastrous outside (…) We do not really an example of leadership that works," commented the head of the Eurogroup Jean-Claude Juncker, before presiding over a first camera finance ministers on Friday afternoon.

Chinese and American impatience

Washington and Beijing in particular sounding the alarm. The Chinese leadership did not like the cancellation of a summit Tuesday in Tianjin with European leaders, due to repeated conclaves in Brussels. Premier Wen Jiabao has called on the EU "fundamental reform" of its finances and fiscal policy, the agency official New China. "This requires political courage and determination unparalleled," he added, as if he doubted it.

The U.S. government, intervened with the Europeans at every turn of the crisis, also expressed his impatience check cash advance.Barack Obama spoke by video conference with Nicolas Sarkozy, Angela Merkel and British Prime Minister David Cameron on the night of Thursday to Friday. According to the White House, Bush insists that a European response to the crisis is effectively implemented before the next G20 summit in Cannes, November 3.

Franco-German dispute

Multiply the firepower of EFSF, the bailout fund for countries in difficulty, is the key weapon in the euro area to raise her two other challenges: reducing the burden of crushing debt on the shoulders of 11 million Greeks and persuade banks to beef up their capital in order to overcome the market turmoil. Nicolas Sarkozy and Angela Merkel agree on the diagnosis.But France, worried about its budget deficit and a valuable "triple AAA" prefer tap into the existing European funds, starting with the ECB.

Germany, also sensitive to the separation of powers as inflation risks, refuses anything resembling a crisis by printing money in Europe. Friday, Paris and Berlin were still camped "in very different positions," lamented one European official. The inflexibility of Angela Merkel, attested as early as Wednesday during a one-on-one with Nicolas Sarkozy in Frankfurt, had its effect. The European Commission and many of the countries of the euro is already a cross on a direct involvement of the ECB together with the EFSF. To work around the obstacle, the European experts worked Friday to a "new palette" of instruments, including greater use of IMF already applied at each stage of the crisis.

Wall Street down before the Senate vote

Wall Street starts again in the red on Tuesday. In early trade, the Dow Jones lost 0.57% at 12,063 points, the Nasdaq 0.51% to loose 2731 points and the S & P drops 0.69% to 1279 points.

The opening is dominated by pessimism as consumer spending of U.S. households fell against all odds by 0.2% in June, posting their first decline since September 2009. Economists surveyed on average expected a rise in expenditure of 0.2%.

The expected green light from Senate Tuesday evening

Concerning the agreement on raising the debt ceiling, the doubts persist. "Some have pointed to the fact that the rating agency S & P claimed four trillion dollars in deficit reduction over 10 years against only 2.5 trillion currently being negotiated by members, analysts said Aurel BGC.Maintaining the "AAA" is far from being elected … Many skeptics have left open the possibility of adoption of this agreement by the Congress. "An expected adoption tonight. The Senate must decide, in fact, after the House of Representatives that preceded it from that Monday night.

"I think the show we attended in Washington, a significant number of parliamentarians of this country leaving the threat of a default, really made a lot of damage to the confidence" of investors in the economy American, for his part, said U.S. Treasury Secretary, Timothy Geithnern, on ABC.

Oil side, the opening of the Nymex, oil prices melt, due to poor statistqies the day, who fear a future decline in demand.To 15 hours, a barrel of "light sweet crude" for September delivery was trading at 94.36 dollars, down 53 cents.

Results of companies to follow the corporate side, several major publications are planned this week, starting on Tuesday by Pfizer (-1.05% to 18.81 dollars). The group released better than expected earnings for the second quarter, the jump in sales of animal health products offsetting lower sales of drugs, the heart of the business group.

Google (stable at 606.71 dollars) this weekend began testing a new service, "Google Hotel Finder", dedicated to finding hotels. Positioned competitor specialized sites like Hotels.com "Hotel Finder Google" is used to search the dates of their choice, depending on the number of stars of the institution and the average scores given by customers.

Hewlett-Packard (-0.48% to 35.03 dollars) has decided to drop now $ 50 U.S. price of its new tablet, the TouchPad. This rate adjustment, presented as a promotion valid until September 10, is valid until September 10.He places the version of the tablet features a 16GB storage to 449.99 dollars, and the 32 GB to 549 dollars, just one month after the beginning of the commercialization of TouchPad.

Coach (-4.72% to 62.31 dollars), a leading U.S. brands of accessories, recorded a jump of 24% of its annual net profit in 2010-2011 (year ended July 2) at 881 million dollars, and expected to grow over 10% in the future, according to a statement released Tuesday.

Hyatt Hotels (1.96% to 39.52 euros) announced earnings for the second quarter better than expected, while saying he intended to open a number of "significant" new hotels in the future.

GM (-0.79% to 27.87 dollars) reported Tuesday a 7.6% increase in sales of vehicles in the U.S. in July, thanks to strong sales of Chevrolet, the one of the leading brands of the manufacturer, and the good performance of new models.

Raids by giants of video games on small publishers are ongoing. After the announcement of a Memorandum of surrender by PopCap Games Electronic Arts (0.32% to 22.02 dollars) and the acquisition by Zynga a mobile games publisher in Canada, is the Japanese Sony which went on the offensive by offering Sucker Punch. The American development studio publishes games for consoles, the PlayStation family, including "Sly Cooper" (PS) and "inFamous' (PS3).The amount of the transaction were not disclosed.

Amerigroup (7.47% to 51.65 dollars) is expected to jump at the opening, title, earning more than 5% in electronic trading before the opening of Wall Street. The group of health care services announced yesterday it has won a contract to develop its business in Texas.

Ways to get paid more than the CAC 40 companies

More companies are large and they carry less of the corporate tax. A fact known and already singled out by the board of tax and the Treasury, but on which a report of the National Assembly published on Wednesday by MP Gilles Carrez sheds new light.

Comparing the amounts paid under the corporate tax (IS) for all companies in France, the general rapporteur of the budget to the National Assembly was able to quantify the difference in tax burden between small businesses and the largest. "The real tax burden borne by small firms is 20 points higher than for large groups," says Gilles Carrez on Wednesday in Les Echos. A "drop that occurs across large groups internationalized," said the rapporteur.

The corporate tax paid by large groups of the CAC 40 is in fact much lower than that paid by SMEs. For four of them, it was even zero between 2007 and 2009, the report quoted by Les Echos. 10 billion euros in total was paid by the CAC 40 companies between 2007 and 2009 for the SI, including tax credits. Is, 86 million per group per year, representing only 0.4% on average of their turnover in France. The four companies which the state is a shareholder (France Telecom, EDF, GDF Suez and Renault) will make an exception, with a gross rate IS 40%.

Enclose tax loopholes

Gilles Carrez explains this differential taxation depending on the size of the company by the existence of tax loopholes that benefit large groups mostly internationalized.This is the deductibility of financial expenses from taxable income or the deferral limit deficits. These groups' benefit, legally, the opportunities available to them: the maximum charge in France expenses related to foreign operations, "expatriate" certain products under activities carried out in France, "said Gilles Carrez.

To avoid a stagnation of revenues SI "to a lower level than pre-crisis", the rapporteur suggests a framework for these tax loopholes enjoyed by the full CAC 40 companies. "Why not cap the financial expenses deductible, as are the Germans? It would be a kind of IS minimum. We could also return certain products, "he recommends.

According to Les Echos, the Elysium is the least prepared, as part of Budget 2012, a time limit on the deferral limit deficits.The regime of worldwide profits, which benefits mainly to Total and Vivendi could also be questioned. A debate that could beat its full part in the presidential election.

The Paris Bourse remains in positive territory

Follow the mixed trend on Wall Street and Asian markets optimism? The Paris Bourse has made his choice on Tuesday. The CAC 40 begins trade up 0.63% to 3830.79 points. Same atmosphere elsewhere: the DAX index of the Frankfurt Stock Exchange opened up 1.13% at 7165.14 points while the FTSE-100 index of London Stock Exchange gained 0.55% to 5805.08 points .

Yesterday, U.S. markets, which started in the green, finally ended on a stable tone, troubled by a further deterioration of three notches of the rating agency in Greece by S & P. Conversely, the Asian stock rose in unison this morning, buoyed by the announcement of the Bank of Japan maintained its key interest rate near zero to support the growth of the archipelago.

Markets, however note the acceleration of inflation in China to 5.5% yoy in May, more than expected by analysts.This rate, the highest in almost three years, should still push the country's authorities to tighten the monetary and thus assist in the deceleration of economic activity in China. The monetary tightening measures taken by Beijing to curb inflation have led to a decline in new lending by Chinese banks in May and a monetary growth slowed to a low of 30 months.

Still on macroeconomic, the current account deficit in France widened somewhat in April, to 4.8 billion euros, against 4.1 in March, due to the increase in the balance of trade in goods, according to figures released Tuesday by the Banque de France (BDF). The day promises to be as charged across the Atlantic. Program: sales details, the price index for production and business inventories.

As for currencies, the euro continues to rise against the greenback at 1.4437 dollar.For its part, oil declines, affected by the downgrade of the long-term debt of Greece and the publication of inflation figures in China. In morning trading, a barrel of light sweet crude for July delivery lost 24 cents 97.06 dollars while that of Brent North Sea crude for delivery same retreated 17 cents to 118.93 dollars.

Values ​​to follow

The banking sector

Banks are sensitive to the Greek news, do not react negatively to the further deterioration of the country's debt that one step closer to the fault. BNP Paribas (1.75% to 52.31 euros), Societe Generale (+1.65% at 39.65 euros), Natixis (+1.64% to 3.52 euros), Axa (1.46 % to 14.95 euros) and Credit Agricole (1.25% to 10.13 euros) rise.

Axway Software: 26.28% to 23.50 euros Sopra: -2.88% to EUR 63

This Tuesday will be the first day of trading of the company, the shareholders of Sopra has given the green light last Wednesday to the proposed demerger and listing of the software division of group counseling and services.

Capgemini: 2.27% to 38.27 euros (largest increase in the ACC)

The group announced on Tuesday that in "exclusive negotiations" to acquire the operator Prosody.

Neopost: 1.37% to 59.05 euros

The group said growth in its expected sales of between 3 and 5% excluding currency effects in 2011, instead of the range of 2 to 4% previously expected. The manufacturer of franking machines for mail said it has completed the acquisition of GBC-Fordigraph.

Suez Environment: -0.53% to 14.02 euros (largest decline of ACC)

The group, through its subsidiary Degremont, has won a contract for the extension of the treatment plant and wastewater recycling in Qatar Doha West, for a total of 35 million euros, "he said Tuesday in a statement.

L'Oreal: 1.16% to 85.45 euros

Liliane Bettencourt should be placed under curatorship enhanced seen his health, according to doctors appointed by a judge of guardianships that have not examined directly, however, announced Tuesday a source familiar with the matter, confirming information site lemonde.fr .

Debt: the bad blood between Obama and Congress

Since mid-May, the United States exploded the ceiling set by Congress of American debt, around 15,000 billion dollars currently. This ceiling has been found in January. It would suffice to go back again to exit the United States from embarrassment: the country can theoretically borrow on the markets when the threshold is exceeded. Which is to say that the U.S. is in a situation of default.

But the maneuvers have pushed until August 2, the bankruptcy of the federal state. The White House and Congress have so until that date to agree. The first press the other to raise the ceiling, but he refuses to press the button until the government has not detailed a program foresaw and specific reductions in public spending. The United States shackle in effect three years of deficit exceeding 10%.It should reach around 1.6 trillion dollars this year.

If the financial world does not doubt the ability of great leaders of the first world power to agree, for the good of the global economy, the timetable is narrowing. And rating agencies do not fail to recall. Thus, after Standard & Poor's in April, Moody's puts a sudden extra pressure on Thursday by threatening to put the debt rating of long-term United States, currently at AAA, on negative watch, implying an actual deterioration in the coming months.

No to raising the ceiling

Yesterday, Wednesday, Barack Obama received dozens of Republican representatives in the White House. These, a majority in their meeting, refused to give the green light to an increase in the federal debt ceiling because of cuts in spending."We need to tackle this debt," said out of the meeting the head of the budget committee in the House, Paul Ryan, author of a draft budget with drastic cuts in funding for the welfare state and criticized by Democratic allies of Barack Obama.

Tuesday night, the House rejected by 318 votes against 97 an increase of 2,400 billion of debt ceiling, a move described as "irresponsible" Democratic side.

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The Paris Bourse uptick

Keep the 4000 points will be the goal of the day at the Paris Bourse. This threshold was consolidated yesterday with an increase of 1.63%, amid relief on the Greek case. Germany indeed abandon the idea of ​​restructuring the debt. Information that was also relieved Wall Street and Asian markets yesterday.

On Wednesday, the CAC 40 is moving slowly from 0.14% to 4014.84 points. Elsewhere, the London Stock Exchange opened down slightly, the FTSE-100 index lost just 0.05% to 5986.93 points. Frankfurt, by contrast, began with a gain of 0.23% to 7310.56 points.

Already in Asia, the euphoria gave way to doubts after the announcement of a further slowdown in manufacturing activity in China. PMI purchasing managers of the China Federation of Logistics and Purchasing (CFLP) fell to 52 last month, cons 52.9 in April.For its part, HSBC has calculated a PMI to 51.6 for May, against 51.8 in April, and noted "a continued moderate growth in manufacturing output accompanied by an easing of inflationary pressures" on last month.

The U.S. employment program

These new investors also encourage Parisians to moderation. Especially since a series of important indicators is expected:

In France, the unemployment rate fell slightly in the first quarter of 2011, to 9.2% of the workforce in France (9.7% overseas departments included), down 0.1 points compared revised figure for the fourth quarter of 2010, INSEE announced Wednesday.

In Europe is provided the manufacturing PMI in May.Then the United States, employment will be honored with the study Challenger (1330) and the monthly ADP (1430), both published before the traditional employment report from the Labor Department, scheduled for Friday . Are also scheduled in the U.S., construction spending and ISM manufacturing.

As for currencies, the euro remains stable against the dollar in morning trading at 1.4427 dollar. For its part, the oil rises, still worn by the announcement on Greece.In morning trading, a barrel of light sweet crude for July delivery took 30 cents to U.S. $ 103 while that of Brent North Sea crude for delivery gained 31 cents identical to 117.04 dollars.

Operators under supervision

As for values ​​to be followed:

Axa: 2.02% to 15.14 euros

The group, which has detailed a plan Wednesday to strategic investors, will sell its Canadian subsidiary to Intact Financial.

Peugeot: -0.37% to 29.30 euros, Renault: -0.15% to 39.36 euros

Registrations of new cars rose 6.2% in May

Schneider Electric: 0.22% to 114.85 euros

The group announced Wednesday a takeover bid of $ 2 billion (1.4 billion euros) to Telvent, a specialist in systems for managing energy infrastructure, water and transport.

France Telecom: -0.57% to 15.81 euros, Bouygues: -0.11% to 32.06 euros, Vivendi +0.15% at 19.42 euros

The mobile phone may be carcinogenic but no formal proof establishes the link between mobile use and brain tumors, cancer specialists have said Tuesday the World Health Organization (WHO).

Arkema: -0.35% to 75.90 euros

The group will enter the CAC Next 20, the antechamber of the CAC 40, and CNP Assurances will be withdrawn with effect from 20 June, the Council decided on scientific evidence of NYSE Euronext Paris. In a statement, Arkema said that NYSE Euronext enters the CAC 60 and the Large NOC is withdrawn.The reverse operation is performed for the CAC Mid 60.

Neopost: -1.16% to 61.50 euros

The group announced an increase in its turnover in the first quarter despite difficult conditions in Europe and confirmed its targets for 2011.

Theolia: 8.40% to 1.42 euros

The group announced Wednesday it had signed an MoU with the National Electricity Morocco (ONE) to develop and implement an entire fleet of 300 megawatts (MW) in Tetouan near Tangier.

Lagardère: 0.51% to 28.52 euros

The group has completed the bulk of the sale of its international magazine to Hearst, which should have a negative impact of EUR 35 million on operating profit of Lagardere Media for 2011.These disposals will impact is the objective announced in March a growth of around 10% of its 2011 operating profit at constant exchange media, which included the magazine internationally.

Neopost: -1.17% to 61.49 euros

The group announced an increase in its turnover in the first quarter despite difficult conditions in Europe and confirmed its targets for 2011.

Belvedere: -1.39% to 61.50 euros

The CEO challenge the fines against him required by the representative of the college's Financial Markets Authority (AMF).

Bourbon and Atos Origin today hold their general meetings.

The right choices to reduce its ISF

Three and a half month break. Traditionally scheduled for June 15 statement, and therefore the simultaneous payment of the ISF, is unusually extended this year to 30 September. Additional time to consider the tax-free solutions. While the general principles remain the same, the practical, they, live.

• Combining the highest rate of tax reduction, 75%, and the highest ceiling taken into account, 50,000 euros, generosity proves the most profitable. To be considered, donations should be made for organizations listed in the law: including foundations of public benefit, research institutions or public or private higher education, and training businesses.

Despite the undeniable tax advantage given to them, foundations fear being victims of the new tax data.Without having exact figures, most of them believe that people who are outside the ISF this year are widely distributed among their donors. To cope with this situation, Charhon Francis, president of the French Center Foundation, calls on governments to increase the cap considered to 100,000 euros. Others, like the Little Brothers of the Poor, remind their donors that they may use the original formulas as temporary donation of usufruct. The property in question, whose incomes are sold for at least three years, no longer fall within the tax base to the ISF.

• Direct investment in SMEs is the second track the most effective in limiting the ISF. Now, only 50% of payments are taken into account as against 75% previously and the maximum amount deductible is planed from 50,000 to 45,000 euros.To prevent certain abuses of the past years, several types of SMEs have been excluded from the device. They are those engaged in real estate or financial activity and those that operate power generation by wind or solar. Note: It is possible to mix investments in SMEs and donations to foundations and accumulate wealth tax cuts. But the ceiling is taken into account for 45,000 euros and 50,000 euros, not as is the case for donations only.

• Other support for tax exemption, the FCIC and FIP are subject to new rules. These funds, which invest in unlisted companies, are eligible for a reduction in ISF of 50% of the share invested in eligible SMEs in the limit to 18,000 euros. New constraints were imposed this year.They have no such opportunity to focus on certain sectors, such as art, jewelry, wine cellars, renewable energy.

The FCIC must invest at least 60% of their assets in eligible SMEs in the abatement of ISF, but they have a room for the rest of their investments. Some FCIC or FIP continue to use it to diversify some of their assets in listed securities. Others prefer to invest in eligible SMEs all capital raised. "This helps to maximize the tax benefit.Indeed, only the portion of the assets of FIP or FCIC invested in unlisted SMEs entitles the ISF reduction of 50%, "says Fabrice Imbault, managing partner of A Plus Finance.

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