It is a revolution as important as the emergence of the credit card there are more than thirty years! Within a few months, the mobile phone will be used to pay for purchases, store loyalty points, get discounts … It is a certainty, while Google announced yesterday the launch of its electronic wallet from that Google Wallet been to San Francisco and New York.
Mobile payments, we talk a long time. Japan had taken a step ahead. European operators will all work. The French have even launched last year in Nice with success, and Eric Besson, Minister of Industry, has promised that 9 other cities would quickly adopt it. But the announcement of Google reshuffles the cards and give a real boost. For three reasons.
First, its strike force.It is a global leader enters the market with other global giants MasterCard and Citibank, bank side, Ingenico payment terminals and telecom operator like Sprint. He wants to generalize his service in 20 U.S. cities by the end of the year. And already negotiate with major European operators to launch in Europe next year. Second, to pay with his mobile, it is that traders are also equipped with readers. Now Google will subsidize the market by financing the equipment traders.
Thirdly, Google goes far beyond the mere payment: the Google Wallet is a real vacuum services: it helps make couponing, store loyalty points and activate automatically. "It's awesome in terms of promise and customer value creation.Mobile payment alone is not profitable, what counts is the whole ecosystem of services around, "said Stéphane Dubreuil, director of the firm Sia Council fast cash advance loan.
Specifically, Google knows, thanks to Google Search, a search engine, you went 20 times on the Internet sites of course. He knows with Google Maps that you walk near a golf shop. He can with Google Wallet send you a promotion that will make you enter the store. Then you will pay and store your loyalty points. "There is a side Big Brother, which can be a hazard if struck public opinion, but the attractiveness and ease of product should forget that aspect," said Virginia Laz, associate director at Bryan Garnier.
The delay of Apple
This is the first time a giant web between and walk-in retail."Google returns to the brick and mortar and will potentially be able to receive a commission on all transactions in the physical world. It's huge! , "Says Stéphane Dubreuil.
The arrival of Google, if it gives a boost to mobile payments, is also dangerously compete others. From yesterday, eBay and its payment subsidiary PayPal, which represents 20% of traffic off the credit card payments over the Internet, filed suit against Google, accusing it of stealing trade secrets, especially in recruiting one of its leaders.
Apple, far behind mobile payments, is obligated to respond. Even if the future iPhone 5 allows to make payment, their model risk is still very closed to show its limitations.
U.S. stock markets are changing very slightly lower on Thursday. The Dow Jones lost 0.23% to 12,365.67 points, the S & P 500 was down 0.07% to 1319.57 points and the Nasdaq was unchanged at 2760.97 points.
The New York Stock Exchange finished up Wednesday, rebounding from a series of three consecutive declines.
On the foreign exchange market, the euro rebounded against the dollar on Thursday, helped by speculation about a coming increase in Chinese investment in the European sovereign debt.In early afternoon in Paris, the European single currency was worth 1.4196 dollars against 1.4083 dollars late Wednesday.
On the macroeconomic front, the U.S. GDP grew 1.8% in the first quarter, according to the second official estimate of the growth of winter, which confirms the original figure while analysts thought it would be revised upwards (consensus expected 2% growth).
New jobless claims in the United States are divided on the rise during the third week of May, 424,000 according to figures released Thursday by the Department of Labor (cons 414,000 the previous week), while analysts expected a decline, to 400,000.
Freescale Semiconductor revises downward its ambitions
The side of values, the scoring title Freescale Semiconductor will begin Thursday.The group says it still hopes to sell 6.5 million additional shares by June 1, in addition to the 43.5 million already invested. Freescale has set a price of $ 18 per share when it had advanced a range from 22 to 24 dollars in early May.
Microsoft: 1.49% to 24.55 dollars
The investment fund Greenlight Capital, a shareholder of Microsoft, wants to remove the CEO of computer giant, saying that Steve Ballmer is a man of the past.
Computer Science: -10.50% to 39.46 dollars
For his part Computer Sciences announced yesterday evening after the close of Wall Street have registered for the fourth quarter of fiscal year 2010/2011 earnings per share of $ 1.09 against $ 1.16 and $ 1.66 expected year past. Turnover was 4.2 billion, stable over one year.Over the full year, EPS fell 10.4% while turnover remained stable at 16 billion dollars.
Liberty Global: 0.77% to 44.59 dollars
Also after the close of U.S. markets, Liberty Global has received an indicative offer from Foxtel to buy back its subsidiary Austar United Communications owned 54.2% at a price of 1.52 Australian dollars per share, valuing the share of Liberty Global to nearly one billion Australian dollars.
NetApp: 4.81% to 54.22 dollars
NetApp reported for the fourth quarter earnings per share of $ 0.59 against $ 0.53 expected and $ 0.5 last year, while turnover reached 1.4 billion dollars against 1.2 billion last year.For the quarter, NetApp expects earnings per share of 0.52 to $ 0.57 and revenues of about $ 1.5 billion.
Google: -0.68% to 516.13 dollars
Also of note, Google is expected to unveil today a contactless payment solution developed by MasterCard and Citigroup. The owners of Android phones will eventually make their phones instead of their credit card at the checkout.
This Friday at 11 am, the Professional Football League (LFP) will kick off the award of broadcasting rights of football championship of France from 2012 to 2016. The stakes are high, because these fees represent 668 million euros per year for professional clubs. This year is the outstanding total. On the one hand, the LFP to maximize its revenue, on the other Canal +, L1 traditional broadcaster, wants to reduce his bill, a current amount of 460 million euros. In 1999 and 2004, the LCS had raised the stakes by pitting Canal + and TPS. GST but was bought by Canal +. In 2008, the LCS had found a new ally with Orange which spent 208 million per year for the big game on Saturday evening and mobile rights. But Stephane Richard, the new CEO of France Telecom, has thrown in the towel. Canal + remains only candidate.
Between the LFP and Canal +, a real dialogue of the deaf.From the outset, the encrypted string against this plague tender premature and believes that she wants only to maintain its current offer with the big game Sunday night and three magazines. For his part, Frederic Thiriez, president of the LFP, claims that the outcome of the tender should be equal or superior to 668 million today. The economic equation is complicated: how to achieve this amount if Canal + does not put more than 460 million? The hole is potentially 200 million.
Prize Structure
"Not at all," Jean-Pierre Louvel tempers, chairman of the Union of Professional Football Clubs UCPF. "With the explosion of smartphones, the mobile may be worth lot more than the current 60 million paid for by Orange. Secondly, the LFP can make its product more attractive by improving its exposure with a game Friday night and a special day during the winter break, "he says online payday loan lenders.In fact, the LFP and the law firm Clifford Chance should put together a bid with many prizes: a match on Friday evening, a Saturday afternoon games on Saturday evening, a Sunday at 2:00 p.m. , games on late Sunday afternoon and the big poster on Sunday evening. Added to this lot and the three mobile magazines.
Canal + contends that the splitting of lots reduced the value of the whole and that the chain can not explain the matches from Friday evening to Sunday evening on the air. Above all, the group believes that the key is not lots but structuring the necessary reform of financing of French football. This can mean a reduction from 20 to 18 clubs of L1 and a lower financing League 2 which receives 19% of the amount of football rights, or 120 million euros per year.Clearly, to reduce the bill of football, Canal + offers to save on money paid to the L2 and concentrate on the manna of human L1 18 clubs instead of 20. Categorically rejected suggestions by Jean-Pierre Louvel the UCPF. "The L2 is used to form the top players and eliminate two clubs L1 would have serious consequences on the regional economy." But the big clubs, Lyon, Marseille, Lille, Bordeaux, Paris … might be tempted by a championship tighter.
The tender may thus be complicated. The LFP has put a reserve price on all lots, it might be unsuccessful. Negotiation of mutual agreement between the LFP and Canal + could then be opened. And if all lots not find a buyer, the LFP has the possibility to expose some matches on its TNT channel future pay, CFoot.This channel will be widely distributed on satellite and cable ADSL and fans can subscribe to monthly or deed.
Rumor conveyed by the German magazine Der Spiegel that Greece had threatened on Friday to leave the eurozone was denied on all sides. "A provocation" by the Greek Minister of Finance, a "dumb idea" according to the chairman of the Eurogroup Jean-Claude Juncker, a "completely fanciful hypothesis" for Bercy.
However, the financial position of Greece has indeed been raised on Friday at an informal meeting in Luxembourg, attended by several Ministers of Finance of the euro area, Christine Lagarde, and his counterparts from Germany, Italy, Spanish and Greek. At that point also to the subjects on the agenda – aid to Portugal, the regulation of financial markets, the successor of Jean-Claude Trichet as head of the ECB – "have not even been processed, lack of time, "says Les Echos on its website on Saturday, citing" a source described as European. "
Accelerating privatization
At the heart of discussions among members of the euro area, the ability of Greece to honor the commitments made in the context of assistance of 110 billion euros granted by the EU and the IMF a year ago. According to Les Echos, the Europeans have been willing, in exchange for new measures of fiscal adjustment, to pay 20 euros to 25 billion additional to Greece, where they would prove insufficient.
A sum which would, according to business daily, covering almost all the financing needs of the country in 2012. With a deficit recently revised upwards to 10.5% of GDP against 9.4% previously, it seems unlikely that in Greece reaches, as originally envisaged, to borrow again by itself on the market bond in 2012 no teletrack payday loans.
Previously, the Greeks will make new efforts, however, warned the Europeans. Including accelerating the ongoing privatization. While the report had planned disposals of EUR 2 billion in 2012, "it will take much more raking Athens, about 25 billion by 2013," said the European source quoted by Les Echos. "If these measures are not sufficient, Greece should further tighten the screws tax," she added.
Debt restructuring again rejected
However, the assumption of a debt restructuring Greek seems once again rejected by the participants.While Lars Feld, one of economic advisers to Angela Merkel on Sunday felt that the restructuring was "the only way forward so that Greece is a little relieved that creditors and help to solve the Greek problem" President of the Eurogroup Jean-Claude Juncker reiterated after the meeting that such an option was excluded.
Greek newspapers have relayed their side, however, the slopes on Saturday morning "workout" soft "after they discussed Friday. The opportunity for Greece not to pay interest rate for two years in exchange rate subsequently increased, or lengthening the duration of bonds maturing in 2011 and 2012 have been particularly considered. The financial situation of Greece will once again be the next meeting of the Eurogroup on 16 May.
ALSO READ:
"The Greek system in Portugal
"New approaches to help Greece envisaged
Latest offs were made. The bill establishing the principles of the premium that Nicolas Sarkozy wants to force companies with more than 50 employees – which distribute profits up – to pay their employees is written. It should be sent next week to the State Council for approval.
The clarifications concern the concept of exact dividend taken into account. It will not be the total amount of dividends paid, but the dividend per share. The scope of company concerned has also been refined: in a group, it will be the parent. Thus, if the dividend paid by the parent increases relative to the average of the previous two years, all the subsidiaries and dependent must pay the premium. They display or not benefits rise.For groups present in France but whose head office is abroad, the measure will apply to employees in France so the "highest parent situated on French territory" has increased its dividend.
Another clarification: it is possible, by collective agreement, to offer employees something other than cash free credit report and score. The "premium" for example, could give the appearance of a surplus or profit participation, an assumption of a mutual or a bonus share issue. Only principles: the benefit must be made public (that is to say, to benefit all employees and not to certain categories), pecuniary (it must be equivalent to a sum of money) and new (it should not have been granted previously).
For the rest, nothing changes.The amount and terms of the premium must be negotiated within the company, under the same conditions as the participation or incentive. And failing agreement with the organizations representing the staff, for setting out is only for company management. No company with over 50 employees will benefit from exemptions. The premium will be exempt from normal social security contributions – but subject to 8% of CSG-CRDS and 6% social package – up to a ceiling of 1,200 euros. As at the date of entry into force: this year.
ALSO READ:
"This will change the premium for employees
New twist in the soap Saab. The automaker based in Sweden could eventually be bought by Chinese Hawt. The latter plans to invest 120 million euros in exchange for a maximum of 29.9% in the mark, says a press release from Saab issued following an agreement signed in Beijing Tuesday. Hawt will also provide 30 million euros in the form of convertible loan with a maturity of six months and an interest rate of 7%. This will allow the company to pay its suppliers and boost its production to a standstill since mid-April. However, the group expects green light from the Chinese authorities, the European Investment Bank and the Swedish National Debt Office.
"This agreement provides funding in the medium term and consists of an investment in the form of subscription agreements totaling 150 million euros, and a strategic alliance to China including co-generation companies, technologist and distribution, "said Victor Muller, CEO Spyker, owner of Saab. "With clean diesel technology Hawt, its production capacity and its ambitious development programs, we found the right partner to develop Saab," he added easy payday loans.
Former Russian shareholder rejected for now
For now, no details are given about the fate of the former shareholders of Spyker, the Russian businessman Vladimir Antonov and friend of Victor Muller.Last week, the Swedish Debt and General Motors, Saab's previous owner, always very involved in group activity, have approved its proposed $ 30 million stake in Spyker to take a 29.9% interest in Saab. This investment should be made through the financial group Convers controlled by Antonov. The decision was rejected by the Swedish government for suspected ties to the Russian businessman with organized crime.
Choosing Hawt is a surprise for analysts, as several big Chinese manufacturers, including Great Wall Motor Co., China Youngman Automobile Group Co. and Jiangsu Yueda Group Co. have applied for the acquisition of Saab.Founded in 2000, Hawt, Small Business Beijing, has an annual production capacity of 350,000 vehicles, 300,000 engines also produce clean diesel per year and 450,000 automatic transmissions.
The Tokyo Stock Exchange is moving towards a fence on the rise this Wednesday, as U.S. markets the day before around 6:45 am, the Nikkei 225 index 1.89% to 9619.52 wins points in the wake of a session of heavy decline due to the threat of S & P on U.S. debt. However, a macroeconomic perspective, the news is grim: Japan's trade surplus plunged 78.9% in March over one year to 196.5 billion yen (1.7 billion euros ), weighed by the consequences of the earthquake and tsunami of 11 March.
In March, exports fell by 2.2% over the same month last year, their first decline in 16 months, to 5.866 trillion yen (51 billion euros). Car sales abroad dropped by more than a quarter of a year to the next.Video recorders, which also suffer from a lack of supply from suppliers who have suffered damage in the north-east, were also significantly less passed (almost a quarter less), while such as audio electronics (-31%).
Imports have increased their share from 11.9% to 5.6695 trillion yen (49.3 billion), continuing to be driven by rising oil prices in connection with the events in Africa Africa and the Middle East.
Elsewhere in Asia, the trend is green: the Stock Exchange of Hong Kong was up 0.92% Wednesday mid-session, the benchmark Hang Seng 216.35 points to 23,736.97 taking points at the break. The CSI index of Shanghai, he, more timidly advance of 0.13% to 3299.97 points, led by coal mining companies and steelmakers, dealers said.In India, the BSE Sensex is at 19,266.97 points 0.76% while in Singapore the Straits Times rises from 0.46% to 3139.67 points. Pacific side, the S & P / ASX Sydney allows itself 1.08% to 4845 points.
Fixed oil
Oil prices were mixed Wednesday in electronic trading in Asia, the market concerned about high prices could weigh on demand, and tensions in the Arab world. In morning trading, a barrel of light sweet crude for June delivery took 13 cents to 108.41 dollars. That of Brent North Sea crude for June delivery fell 13 cents to 121.20 dollars.
On Tuesday, oil prices rebounded in New York after their heavy losses the previous day, supported by a sharp weakening of the dollar, making commodities more attractive.
On Monday, Minister of Economy and Finance said on LCI it was not in favor of "binding" of the project value premium "exceptional" employees of companies that pay dividends. It indicates rather consider "a mechanism for excluding social security" so that companies can distribute the envelopes to their employees. For the resident of Bercy, no question that the government imposing the measure unilaterally. According to her, he is "very important that the amounts, terms, how everything fits together is negotiated between employers on the one hand, and other employee representatives."
As for the amount of the premium, it must be considered, according to Minister of Economy, as the ceiling up to which the state will charge exemptions.Furthermore, they related only to the premiums actually paid, she said, ruling out an exemption for very small (very small). For these provisions "should apply as soon as possible, these should be included in the draft supplementary budget of June, the Minister added.
The chamber was quick to applaud such statements. "Yes, this is good news," responded the president, Laurence Parisot, a few minutes at the microphone of France Inter. Judging from the minister's "very reassuring", the boss of bosses, however, has protected it from a flat.She expects to "see the mechanism" referred to by the government in "this idea of connection with the distribution of dividends."
A change of edge is drawn
The government, which seemed to have made it a point to upward pressure on wages and hence purchasing power, he changed his tune? Less than a week after the announcement of this premium Baroin, the budget minister, and two days later Xavier Bertrand, Minister of Labour, recalled its "mandatory", it is a change edge that emerges. As support for this thesis, the Ministry of Economy is expected to announce on Monday the wage freeze in the civil service in 2012, according to Les Echos payday loans guaranteed no fax. And that, for the second consecutive year.
For now, only seems to increase the current minimum wage by about 2% by this summer."It is very likely that we will have a minimum wage increase of 2% on 1 July," said Christine Lagarde has on LCI. It could go from 1365 to 1392 euros euros, with an hourly wage of 9.18 euros. But this is not a direct measure sought by the government. Because this increase is included in the texts: it is "automatic", as the Labor Code, when the price rises to 2% year since its last adjustment.
Opposition side, the government is already positioning cringe. Monday, Pierre Laurent, the secretary general of the Communist Party, spoke of "hocus-pocus" on the draft government bonus. "The case smells of scam, full nose," he said in a statement.Nicolas Sarkozy tries again to exist in an area where it has particularly failed: the purchasing power of the French. "To the General Labour Confederation (CGT), the pill is probably as hard to swallow. In a statement dated April 13, she aspired to include "a general increase in salaries of the public" as private, "a minimum wage to 1,600 euros," and to "do away with random forms of compensation."
Minister against a debt restructuring
Christine Lagarde has opposed any debt restructuring, Greek, Irish and Portuguese. LCI, she described the possibility of potentially "catastrophic", referring to the "greatest difficulty" would have to run these countries to reconsider the financial markets. Asked if he had to restructure the debt of Greece, Christine Lagarde said in a firm with a triple 'no'."This is not [to] talk to," she added.
After an initial meeting weekly with no real trend, but a Dow Jones closed at its highest level in almost three years, U.S. equity markets should open very carefully on Tuesday, or even slightly down. At 12:30, the contras futures on the Nasdaq 100 and S & P 500 retreated 0.89%, respectively, and 0.44% at 2319.75 points and 1323.30 points.
They follow and pessimism seen on Asian markets, where apart from Shanghai and Hong Kong, closed on Tuesday, the Nikkei closed down more than 1%, hit by falling Tepco. Elsewhere in Asia, other financial markets were maintained. In Paris, pessimism was more marqué.Après having opened at equilibrium, the benchmark index in Paris fell back by 0.7% in mid-session.
After a Monday without major macroeconomic data, indicators on the health of the U.S. economy will still be scarce today.The ISM index of activity in services is expected in March to 16 hours. At 20H00, investors should also pay attention to the publication of the minutes of the Fed. What still leave room for a large international events and international events, primarily Libya and the political situation in countries of North Africa and Middle East
For weeks, these geopolitical events strongly impact the price of oil, which continues to run around $ 120 a barrel in London. "However, the U.S. indices show a high resistance to higher oil prices" moderates Christian Parisot at Aurel BGC. These have reached new highs in New York and London this morning, where the barrel has exceeded 120 dollars for the first time since August 2008.The Saudi oil minister, for his part felt that crude prices could reach 200 to $ 300 if the protest movements reached Saudi Arabia, the world's largest producer of oil.
Very low volumes, wait until the first quarterly
"The volumes are anemic, less than a third to a session average payday loan online…" said Christian Parisot. Yesterday on Wall Street, the volumes traded on the Dow Jones did not exceed $ 114.3 billion. In future sessions, attention should also be persistent. The publication of quarterly results Monday from aluminum giant Alcoa, traditionally the first American group to disclose its financial results, should give the animation of the exchanges.
Side currency, the euro lost it again a little ground Tuesday after hitting the day's highest level in five months, traders ensuring some benefit in a cautious market anticipates a rise Thursday in the rate of the Bank European Central Bank (ECB). Around 11:20 in Paris, the single currency was worth 1.4182 dollars against 1.4220 dollars on Monday in 23:00.
Finally, the corporate side, many values are to be monitored, including:
Google – the Internet giant said it could be the target of an extensive investigation by the U.S. Federal Trade Commission, regarding possible anticompetitive practices. An investigation that could jeopardize the acquisition by the group of ITA Software.
Texas Instruments – manufacturer of semiconductors has announced tonight the redemption of his fellow National Semiconductor for $ 6.5 billion.
Note that according to the Wall Street Journal, the exchange operator Nasdaq OMX-like lower than 20% to 12% weighting in the Nasdaq 100's electronics giant Apple. Other technology stocks would be affected by this new calculation, such as Oracle and Intel (downwards), while Microsoft, and Cisco Systems would increase their weighting.
Bank of America – The giant bank would be under increased surveillance of the U.S. market regulator (SEC), which asked him last week to provide more detailed data on its financial reserves to enable it to cover the cost of mortgages repaid name.
Half a million! At last count conducted in late January, the number of broken treaty approved by the Ministry of Labour was 498,675. After three months of existence, the success of these amicable separation, introduced in the Labour Code in August 2008 following an agreement between the social partners (with the exception of the CGT), does not therefore be denied. The slight decrease of 17% in January compared to December 2010 is identical to that recorded a year earlier. "There is no reason to worry, an adviser confirms Xavier Bertrand, Minister of Labour. We are always on a rise of the device, according to a seasonality similar to that of previous years. " Without knowing why, the number of breaks conventional effect fluctuates during the year, giving the impression of playing with a yo-yo over the months. But the trend remains upward.In one year, separation amicably approved by the administration – which now represent 11% of the grounds of breach of CDI – still up 11.5% in 2010 and the refusal rate has dropped 2 points, stabilize at 7% of applications received.
None of the unions signatory to the January 2008 agreement does not deny his actions today. "The break helped secure conventional separations concluded an agreement which were not legally framed," says Gabrielle Simon, of the CFTC. Many of them were in fact disguised as dismissal for failure to allow the imaginary future ex-employee to receive unemployment benefits. "The best proof of this need for security is the low number of current use of industrial tribunals," considers Lawrence Berger, the CFDT savings account payday advance.Another way to approach is the decrease of 5000 in three years the number of entries monthly employment center following a resignation, a ground breaking CDI are not eligible for unemployment insurance. At least in the early months.
Preretirement disguised
Only drawback: separation amicably seem to be used by companies as an early retirement financed by collective Unedic. According to recent statistics, one in five unemployed entering employment center after a break treaty has over 50 years. Doubling of their other reasons for listing. But the fifties unemployed are entitled to compensation for three years if they have paid 36 months. And therefore receive an allowance until their retirement if they are over 58 years of age, at which the number of breaks conventional wings. The impact on the accounts would Unedic however minimal."Unemployment insurance has always been considered a case of early retirement for some companies," Lawrence Berger shade.
Some windfalls are not excluded. "Some companies multiply small packets of broken treaty to avoid having to implement a social plan," denounces Stéphane Lardy, FOR, which therefore calls for more guidance on approval procedures by the administration.
See also
"The conventional breaks hit record high
"Seniors: Video breaks conventional