International Headlines and Stories

A wedding in pain. Negotiated for eleven months, the acquisition by the cooperative group Sodiaal Entremont Thursday overcame obstacles essential to its realization. The government, very involved through the Ministry of Agriculture and the Interministerial Committee for Industrial Restructuring (Ciri) has obtained the agreement of both creditors Entremont Alliance and its current owner Unifem instant payday loan. A company behind which is associated with the NPC holding the Belgian investor Albert Frere-and majority-group Unicopa.

Almost 9% increase! Half an hour after the opening of the Paris Stock Exchange on Thursday, Valeo posted the strongest increase in the SRD: 8.77% to 23.81 euros in a market up 2.2%. The carmaker brings with it its main competitor Faurecia climbed 6.53% to 13.13 euros.

This remarkable evolution follows the statement released Wednesday by Valeo, in which the group calls itself "confident" in achieving its goal of doubling its operating margin compared to 2009, notified on 24 February. The group is therefore an operating margin of almost 4% of its turnover in 2009 against 1.8% and 2.7% in 2008.Just in the first half, Valeo anticipates an operating margin approaching 6%, the highest rate on a semester during the last eight years.

Nomura to buy rest

The supplier table, moreover, still for the first half of 2010, on a turnover of around 4.7 billion euros, an increase of about 35% compared to the first half of 2009. Consensus Thomson Reuters, meanwhile, put on a turnover of 8.2 billion euros for the group in 2010 with an operating profit of 301 million, which would result in a margin of 3.67%.

This perspective reinforces the analysts at Nomura, in their recommendation to purchase the title. They said the current valuation of Valeo offers significant upside potential and thus provides a good buying opportunity. Nomura sets the price target to 35 euros.

For three months, Nestle tries the impossible in France. In a market of bottled water down the last ten years, the world number one is preparing to launch a new brand. And not just any, as this is the introduction in France of Pure Life, world's leading brand of bottled water.

"There is a French project that builds on the success of Nestle Pure Life," said Le Figaro Hubert Genieys, communications director of Nestlé Waters. The group is "by the summer" to make a decision. The weather also seal the fate of Aquarel spring water to Nestle family launched in 2000 with sales in France have not taken off.And that could eventually be replaced by the French version of Pure Life Pure Life.

Nestle Pure Life is tested in twenty supermarkets size of Le Mans and Angers, the two largest test markets in Europe, as announced last month our colleague Ray beverage. The test should be completed in the coming days, once the remaining stocks sold. "The book starts slowly," says Jean-Marc Renaudin, head of the radius drinks Leclerc Angers. "It's a grain of sand against a mountain!" He adds, referring to sales of Cristaline: the market leader – sold € 1.02 pack of six 1.5 liter bottles – sells 25 30 pallets per week (2800-3360 packs), while Pure Life, which costs twice as much, capped at half a pallet (32 packs) … In times of promotions (- 50%), however, sales may go up to four half-pallets in a weekend.In Intermarché of Le Mans, the permanent discount on Pure Life (1.02 euro) cut the lead in sales (which reads from one to ten) with Cristaline.

The linear congested

"It is completely below the cost price, these prices will not last long!" Fumed Peter Papillaud majority shareholder group Alma (Cristaline Vichy Celestine, St Yorre, etc..), Which gives the winning Figaro 0.33 euro per bottle, without promotion or communication, through reduced shipping costs to a minimum. Since he has seen at Le Mans last month, the posters of Pure Life, Peter Papillaud still furious. He campaigned against Nestlé with its distributor customers.Until patterns of signs to which he recalls that they allowed, with Cristaline, "not to lose money on the waters first prize."

The placement price of one Pure Life is strangely reminiscent of Aquarel (2.95 euros per pack of 6), a time sponsor of the Tour de France, with which Nestlé wanted to become a leader in Europe. Number two in Spain, and number three in Hungary, Aquarel never exceeded 1.5% market share in France. In several large areas of Le Mans and Angers, it has already disappeared from the shelves for almost a year. "In France, in a particularly unfavorable brand now boasts good performances, however, below our expectations," said Hubert Genieys."Aquarel suffered a mid-range position, caught between an actor unbeatable pricing and what Cristaline mineral water like Evian, Volvic and Vittel that provide reinsurance, analysis Bernard Malik, a partner the firm Roland Berger.

This does not Nestle to think big. He hopes to replicate the success story in France Pure Life number one in the United States, Egypt and Jordan, number three in Turkey and Shanghai. His recipe: low price, strong networking planning and adaptability to local consumption patterns. Launched in 1998 in Pakistan, the water present in 28 countries is natural in France, addressed to the U.S., desalinated in the Middle East, remineralized in some countries. For five years, she has an annual growth of 24%, but its presence in northern Europe is limited to Great Britain and Germany.Nestle's dream to find a recipe for anti-crisis on the French market.

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Eric Woerth held on time. Like its predecessor Xavier Darcos promised, the new Minister of Labour sent Wednesday afternoon the bill on social dialogue in very small businesses to members of the National Commission of the collective agreement and the Higher Council The probity. This text, which must still be approved by the State Council before being presented May 12 in the Cabinet, sets the conditions for measuring the hearing of unions in companies with fewer than 10 employees, a necessary condition for the law of 20 August 2008 laying down the new criteria for union representativeness is not considered unconstitutional for excluding more than 4 million workers in any election.

'We relied on the letter of the UPA and four trade unions, it says the Ministry of Labour.A letter dated end of January, setting the broad outlines of a trade union representation in the territorial commissions after elections in the TPE.

This bill deals with "three great subjects." First, it imposes in firms with fewer than 10 employees on a consultation list at the regional level every four years from late 2012. "This consultation will be through the internet or by mail, confirm there in the entourage of Eric Woerth. And it will affect all employees of small, except those of Agriculture whose election results, chambers of agriculture will be taken into account.In other words, all employees of businesses with fewer than 10 people will vote on the union they feel able to represent them in the territorial commissions, not the names of candidates.

Deuzio, the establishment of joint regional chambers (and the designation of their representatives) is returned to negotiations or inter-branch branch. The mission of these committees? "Monitoring and enforcement of collective agreements," says Bill.

Thirdly, the government postponed by two years the date of the next industrial tribunal elections to be held no later than at the end of 2015 and not 2013."There are many elections in early 2014 and we also want to allow time to analyze the recommendations of the Richard report," justifies a collaborator Eric Woerth.

"This is not the priority"

The Richard report, to be unveiled in the coming days, should offer new ways of "designation" of judges prud'hommes. One of the tracks would be considered to remove the election to go through an appointment of counsel based on the weight of each union at national level.Delaying the election of two years and has the advantage of allowing adequate time for governments to measure the weight of each plant under the new criteria of representativeness (will not be representative as the plants that, nationally, have a hearing than 8%).

No doubt this bill will meet the four trade unions signed the letter of intent in December with UPA: CFDT, CGT, CFE-CGC and CFTC. And will be fought by the MEDEF and CGPME rating as "excellent" social dialogue in the current SOHO and do not see the usefulness of measuring the audience of trade unions in the TPE.

"This is not the priority," has consistently indicated Laurence Parisot, the president of MEDEF, for several months.Leaves also ignored their signature in April 2008 when, in a common position on trade union representation endorsed with the CFDT and CGT, they referred the audience measurement in the TPE for future negotiations and the MEDEF the GGPME refused to open in December.

The U.S. stock markets have recently experienced six consecutive weeks of increases, and a record level since September 2008, continues its momentum. The Dow Jones opened down 0.07% and the Nasdaq 100 0.11%, but the disappointment of Alcoa's results did not last. The eyes are now riveted on the release of Intel's after-hours trade, which will sign a series of results from technology stocks.

On Monday, the Dow Jones gleaned 0.08% to increase the threshold highly symbolic 11 000 points for the first time since September 2008.

On the foreign exchange market, the euro continues to strengthen against the dollar, after surging the day before with the announcement of details of the rescue plan for Greece.In early afternoon, the European currency was worth 1.3614 dollars against 1.3585 dollars in morning.

Oil continued to fall

Side oil, black gold connects its fifth session of declines, traders are concerned about the continuing rise in oil stocks in the United States.

On the New York Mercantile Exchange (Nymex), a barrel of light sweet crude for May delivery finished at 84.05 dollars, down 29 cents from the previous day.The courses, which had exceeded $ 87 last Tuesday in New York for the first time in a year and a half, have lost about three dollars in five sessions.

The U.S. Department of Energy shall broadcast Wednesday's weekly statistics on trends in U.S. oil reserves, and analysts expect the announcement of an eleventh consecutive week of increase in crude inventories.

Palm loses ground after a flight

The week will also be crucial for the U.S. markets with the opening ball of the quarterly results. As usual, the aluminum giant Alcoa (-1.92% to 14.29 dollars) which gave the start of the season publications, Monday after the market closes. The U.S. producer of aluminum remained in the red in the first quarter, however, divided more than double its loss a year.Alcoa recorded a net loss after minority interests of 201 million over the first three months of the year, against a deficit of $ 497 million a year earlier.

Today, the computer chip manufacturer Intel (0.50% to 22.65 dollars) will follow. The next week will be hosted by Google's quarterly results (0.83% to 577.31 dollars), General Electric (0.91% to 18.88 dollars) or JPMorgan Chase & Co (0, 27% to 46.26 dollars).

Always on the side of values, yesterday, the U.S. oil group ConocoPhillips (0.02% to 55.97 U.S. dollars) has announced the sale of its Chinese Sinopec stake in Canadian oil sands project Syncrude for $ 4.65 billion dollars (3.42 billion euros).This is one of the largest investments ever made by China in North America.

The manufacturer of PDAs and mobile phones Palm (-13.08% to 5.25 dollars), would seek a buyer. Bloomberg said the investment bank Goldman Sachs and Qatalyst Partners were commissioned to find a buyer to the manufacturer of smartphones in serious financial trouble. Action Palm and jumped over 17% Monday to the New York Stock Exchange.

This had not happened since September 29, 2008. Minutes before the close of Wall Street, the Dow Jones surpassed 11,000 points. Ultimately, the New York index closed at 10,997 points, up 0.64%. On the Nasdaq, it rose 0.71% to 2454 points.

Despite an increase in enrollment weekly unemployment and a shrinking numbers of consumer credit, U.S. investors appear to have courage and choose again, these days, for optimism. They show little worried, finally re-emerging doubts about the ability of Greece to honor its debts. Perhaps partly because, unlike the French or German banks, U.S. banks are not exposed directly to the crisis in Greece.Banks also suspects for 18 of them have, over the last 5 quarters, artificially reduced their debt just before the quarter end.

No significant new flag is expected before Monday, except on Friday, numbers of U.S. wholesalers' inventories for February, which rose 0.6% in February, more than expected, according to figures published Friday by the Commerce Department.

Yesterday, while European stock markets in the green-mountain this morning showed an average decrease of 1% of their stars indices, the Dow Jones closed 0.3% awarded in the S & P 500 also, and the Nasdaq Composite 0.2%. One way to greet the rise, much higher than expected, sales of major U.S. retailers: Index by Thomson Reuters, they rose in March by 9.1% against 6.3% expected, the highest since 2000.Taking advantage of some better weather, 28 distributors have seen their turnover increase by over 9% a year, a further sign of improving consumer confidence payday loans. GAP (1.06% to 24.85 dollars) has seen its turnover grow by 11% against 3.7% expected and Kohl's (0.37% to 56.84 dollars), 22.5 % against 12.4% expected. In the luxury, Nordstrom posted sales up +16.8%.

These values should continue to lead the coast on Friday, and Apple (0.77% to 241.79 dollars), which announced yesterday a new version of its operating system for the iPhone and iPad and sales 450 000 iPad since Saturday.

After the markets have reacted positively on Thursday, rumors of merger between the airlines U.S. Airways and United Airlines, the two companies have had mixed fortunes in the New York Stock Exchange on Friday.U.S. Airways lost 3.05% to 7.32 dollars, while UAL, parent of United Airlines has gained 1.33% to 20.50 dollars. UAL is in talks with U.S. Airways for a combination that would create one of the largest airlines in the world, according to The New York Times and the Wall Street Journal. This operation would be carried out no exchange of shares.

China's ambitions Tiffany (0.73% to 49.79 dollars), who wants to spend ten to thirty five the number of stores across the Rising Sun could give impetus to the value.

The California oil company Chevron (2.37% to 79.50 dollars a barrel) announced yesterday the results on the first quarter of 2010 as the fourth best in 2009. The group takes advantage of the rising oil prices and a possible improvement in refining margins.The major U.S. must publish its accounts on April 30.

In the pharmacy, the distributor McKesson Corp. (-0.06% to 66.56 U.S. dollars) has announced it will sell its Asia Pacific unit, which provides health services through telephone and Internet, Medibank Private Limited. Giant Australian health services and insurance.

The government has decided to register on May 4 next to the Senate, on its quota, the review of the proposed group law to prohibit New center offers reclassification, in cases of social plans in foreign countries to Wages humiliating. That was nine times that this text, voted unanimously in the National Assembly 30 June 2009, waiting to be examined by the Upper House. On Thursday morning, when Le Figaro in its April 1 edition published an article on the subject, it should not be before October, the quota of the Centrist Union. Its author, Philippe Folliot, MP Tarn, had asked two days ago to Eric Woerth, the new Minister of Labour, register quickly to the quota of government.He won the case today fast cash loans.

This bill seeks to require businesses, where social, making offers of redeployment "accompanied by a fee equivalent". History avoided, as is often the case, the multiplication of "grotesque situations" in the words of Philippe Folliot. The debate was revived earlier this week after the Continental offered to 600 employees from its site Clairoix 60 operator positions in its production subsidiary of Bizerte, Tunisia, for a gross monthly salary of 137 euros per month . A month ago, it was Philips who had offered its 212 employees Dreux reclassify them in Szekesfehervar, Hungary, for 450 euros per month.

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After limited Wednesday its losses due to degradation of the note of Portugal by U.S. rating agency Fitch, the CAC 40 should be cautious. Thursday and Friday, will take effect in the European Council in Brussels. Support measures to Greece are expected, involving the IMF and covering several tens of billions of euros.

The program also published a series of U.S. data – weeks claimed Thursday to 13 hours, and a third estimate of GDP for the fourth quarter of 2009 Friday at 13.30 – and the presentation from 9 hours by Jean-Claude Trichet's annual report the European Central Bank before the European Parliament.

As for values, the series of publications is nearing completion. Thursday Hermes presents its annual results for 2009.

Bank stocks are also monitored on the sidelines of the Brussels European Council.

The Italian A2A accelerates the process of selling its stake in Edison to EDF, a transaction that would allow the French group to take control of Italy's number two electricity, it was learned from sources close to the matter.

Germany, France, the United Kingdom and Spain are planning to protest together with the U.S. President Barack Obama against the forced removal of EADS bidding for tanker aircraft for the U.S. Air Force says Thursday newspaper Les Echos.

TF1 got the green light by the High Council of Audiovisual (CSA) to buy chains and TMC NT1 group but AB's subsidiary Bouygues will make certain commitments.

KKR announced Wednesday the sale of a stake of 4.4% in Legrand through a process of "book building" accelerated.It will own 20.6% of the capital and 27.5% of the voting rights of French group at the end of the assignment. Wendel for his part said not to join the operation and maintain its 24.9% stake in Legrand.

Camaieu announced Wednesday results in net decrease in 2009 but said he observed an improvement trend in the last semester.

Veolia said in a statement that the new boss of EDF, Henri Proglio, leaving the presidency of the board of directors. His replacement has yet not been identified.

After four consecutive sessions in the green and a gain of 0.7% for the Dow Jones, Wall Street starts this week in doubt. At the close, the Dow Jones gained 0.16% to 10,641.92 points, the S & P 500 grapille 0.04% to 1150.50 points.l In contrast, the Nasdaq lost 0.23% to 2362.21 points.

The NYSE is cautious on the eve of the monetary policy meeting of the Fed. The Fed should keep its no surprise key interest rate near zero and reiterate its commitment to maintain a low level for a "prolonged period". More than the rate decision widely expected, investors will scrutinize the speeches of leaders of the U.S. central bank.They watch for a possible change in tone or vocabulary that could be the harbinger of early recovery in interbank rates, especially after raising the discount rate last month.

In this atmosphere, the figures for industrial production go unnoticed. However, the latter rose in February by 0.1% from the previous month, while analysts believed it had stagnated.

The surplus balance of U.S. capital flows to long-term investments declined in January to $ 19.1 billion against $ 63.3 billion the previous month, according to data published Monday by the Treasury Department .

Greece returns to the heart of concerns

In addition to this national event, the U.S. financial markets keep an eye on the statements that filter the meeting of European finance ministers on Greece.On Monday and Tuesday until tomorrow, they must define the details of plan using Greek estimated at over 20 billion euros.

But the markets seem to regret the lack of clear announcements about it. This anxiety is the euro down. The European currency loose 0.75% to 1.3669 dollar. In turn, the rise of the dollar penalizes values to raw materials.The oil companies Chevron (-0.73% to 73.16 dollars) and ExxonMobil (-1.14% to 66.04 dollars) were penalized by the decline in oil prices payday loans for bad credit .

The maker of construction equipment Caterpillar gave up 2.12% to 59.08 dollars and aluminum producer Alcoa 1.10% to 13.45 dollars.

Wal-Mart stands

Amylin Pharmaceuticals climbed 15.25% to 23.35 dollars, boosted by the announcement that the FDA does not need more data on its anti-diabetes drug.Boston Scientific has screwed him for 13.24%, after stating that he was stopping the sale of a defibrillator.

The energy sector was also facilitated by the acquisition of sites for exploration and production of shale gas from Dominion Resources (0.28% to 39.58 dollars) in the Appalachians, to 3.475 billion dollars in cash by Consol Energy (-9.96% to 48.62 dollars).

Wal-Mart was distinguished with an increase of 2.76 to 55.39 dollars, supported by higher recommendation to "buy" by analysts at Citigroup.

The title of the parent company of Calvin Klein, the Philips-Van Heusen, jumped 10.08% to 52.56 dollars. The group will buy the brand of leisure wear Tommy Hilfiger in UK investment funds Apax Partners.

Google (-3.42% to 559.74 dollars after opening under $ 565) could close its search engine or a part of its activities in China.Google Chinese news should be limited to official newspapers. 36% of Google revenues in China are related to its search service. "Baidu, its main competitor, would be the main beneficiary of the partial withdrawal, analysts said Aurel BGC.

The Pentagon has dismissed the accusations of protectionism could give time for EADS to prepare a rival bid by the Boeing (-1.07% to 69.08 U.S. dollars) contract for refueling tankers.

The results of FedEx for the third quarter are expected Thursday. The numbers of specialist courier services is considered a leading barometer of business activity. Titles rise of 1.09%, to 87.12 dollars.

One would think that prudence would limit the rebound in markets in Paris, pending the release of monetary policy the Federal Reserve, expected at 19.15, this mardi.Et that, after closing down slightly on the Tokyo Stock Exchange this morning. Finally, the rise of the index in Paris should be solid on the future of the CAC 40 index rose 0.73% to 3917 points. On Monday, the CAC 40 has yielded 0.93% to finish the session at 3 890.91 points.

The consensus, the status quo on the rate seems to be accepted, but the market awaits clarification on possible exit strategy crisis Fed.This meeting will be the anchor of Tuesday's session, very lean corporate earnings, but punctuated by economic indicators.

Thus, France will release at 8:45 the inflation figures for the month of February and the index of prices in supermarkets also in February, to 12 hours.

In Germany, the market will follow the German ZEW index of investor confidence.

Finally, the EU finance ministers will meet on Tuesday, including the agenda monitoring the formal notice to Greece in February about the improvement in public finances.

In the struggle between the United States and China on the currency market, members of Congress sent a letter to Treasury Secretary Timothy Geithner and Commerce Secretary Gary Locke requested that the yuan is on the list of currencies handled in the annual report issued by the Obama administration next month.

Values follow

Steria: services company in computer engineering was published on Monday a net profit group share of fiscal 2009 from 48.2 million down 6.6% compared to the result of last year.Its annual turnover fell by 3.1% at constant scope and exchange, to $ 1.630 billion, but this decrease was slightly lower than expected (-3.5%). The group expects a first semester "difficult".

NextRadio TV: The media group NextRadioTV presented Monday after-hours trade, a net deficit of 6 million euros in 2009 when analysts expected a loss of 2.7 million. The group has however decided to pay its shareholders a first dividend in its history which amounts to 0.2 euro per share for the year 2009.

Renault and Daimler have begun talks on a mutual stake in the framework of a long-term cooperation, the Financial Times.Furthermore, Renault sales rose 30% in February to 109,663 units.

PSA-Peugeot: The automaker recorded in February, up from 18.4% to 149,128 vehicles, according to figures published by the Association of European Automobile Manufacturers (ACEA).

Assystem: In a statement, the group specializes in the field of engineering and innovation consulting published under the fiscal 2009 net income group share a deficit of 800,000 euros against a profit of 25.8 million euros in 2008. Its annual turnover has decreased by 8.8% to 613.1 million euros. The operating margin from 6.7% in 2008 to 3.6% in 2008. As for the dividend has been halved, to $ 0.25 respectively euros per share.