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Again, EDF should not reassure investors. In fiscal 2010, net income Electrician tricolor plunged 73.9% to 1.02 billion euros against more than 3 billion expected by analysts on average. Involved a heavy load and a provision for change in scope, which complicates the interpretation of results.

The group's profits have been sealed by a special charge of nearly $ 2.9 billion, including $ 1 billion in the United States and 915 million in Italy. EDF owns half of Constellation Energy's nuclear activities the United States and half of Edison in Italy. The provisions made in 2010 also cover the additional costs incurred by following the extension EDF in France transitory regulated tariff for market adjustment (Tartam), a specific tariff for businesses. Thus, excluding items, earnings would have the group rose 11.3% to 3.96 billion euros.

The annual operating results are thus more in line with expectations. EBITDA, the EBITDA, rose 4.4% to 16.62 billion euros, above the 16.45 million euros expected by analysts and objectives of the group was a Organic growth in EBITDA, of between 3 and 5% in 2010. Turnover is also in line with estimates to 65.16 billion euros where experts had forecast 64.98 billion euros.

Scope change

And, come under the group's financial situation has been improved. The debt was reduced by 42.5 billion end-2009 to 34.4 billion euro late 2010, encouraged by the change in scope.In fact, as highlighted in the CEO of EDF Proglio "2010 was the year of major projects, which enabled the group to find a healthier financial situation" before discussing the three "major operations" of the year . EDF sold its electricity distribution networks in the UK consortium of Hong Kong Cheung Kong and sold to the regional state of Baden-Württemberg (south-west Germany) from 45.01% stake in number three German energy EnBW. Finally, the public group has decided to allocate 50% stake in its subsidiary RTE portfolio of financing the decommissioning of nuclear plants.

Confidence for 2011

Management is confident and shows for the current year. The electrician is for 2011 organic growth of its Ebitda of between 4 and 6%. However, targets rely on a price of nuclear 42 euros / MWh in the framework of the law Nome.

The group also expressed its intention to propose a device to pay a bonus dividend to shareholders holding their shares for at least two years.

Faced with these conflicting signals, it remains to be the market reaction so that the title EDF posted the worst performance of the CAC 40 in 2010 with a decline of over 20% of its title.

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The President of the Higher Audiovisual Council takes a stand against the idea of reconciliation of the APF and Arcep, the telecoms regulator.

LE FIGARO. – Do you support the appointment of a government commissioner in the CSA as envisaged in Arcep?

Michel BOYON. – The question will never be relevant! Certainly, there are commissioners of the government with independent authorities such as the Commission or the Energy Regulatory Authority of competition. For the CSA, which is the guarantor of civil liberties and fundamental respect for pluralism in broadcasting, it would be simply absurd.

What is your position on a rapprochement between Arcep, the CSA and the Agency of frequencies?

This subject is often poorly addressed.There is a tendency in France to focus on approaches by the structures and organizations, so that what counts is the strategies and objectives. You can not play Lego with institutions that have declared their independence, demonstrated their competence, acquired their legitimacy. In our country, the park is well managed Frequency: CSA and Arcep actively participate and work together on such topics as the dividend or digital TV on the move. This cooperation was highlighted three years ago in the plan "France numérique 2012". But remember that the CSA has a great originality. It is a regulator of content, only in France, and whoever has the most power in Europe and worldwide.When he assigns a frequency to a radio or television, it does for a given program, in exchange for free use of the frequency, it requires a chain of obligations that it ensures. The heart of activity Arcep, however, are the competition issues related to networks. Nothing has been said in recent days about the relationship between the two institutions does not bother me. But if some wanted in this way restrict the regulation of audiovisual content, it would be unacceptable.

How the CSA can regulate Internet content?

There is a complete – European directive, law, decree, Proceedings of the CSA – to regulate Internet services business of video on demand. What is not regulated, it is the content posted by individuals on video-sharing sites.Yet it is they who raise the most difficulties in terms of child welfare, dignity of the person or racism and antisemitism. With the TV connected, their impact will intensify. The only course of action today is the referral of a judge. It is very inadequate. We must organize a true co-regulation, starting with strengthening the signaling device, which is not used enough. It should also establish a code of ethics involving publishers and hosts, including the protection of young people, and could lead to a label given by the CSA. We could go further by calling for parental control software filters sites that would not have this label. Finally, the CSA could be empowered to order the withdrawal of illegal programs and even have a power to impose penalties for repeat offenders. For this, we need a law.There is no question that the Internet is a zone of lawlessness with respect to our core values. It is an important topic that transcends borders and I hope that at the next G8 summit, some time will be spent.

Can we settle the issue of Net neutrality amendment by a simple?

The CSA is obviously very attached to Net neutrality. It would be unacceptable to the radio or television suffer from discriminatory choices made by operators, especially based on financial criteria. If we did not warranty this subject, a strong law is needed.

How do you approach the arrival of the connected TV in France?

A year ago, when we talked TVs connected, we never thought to see happen so fast. This is progress for the viewer, but we must anticipate the consequences would be negative.My first fear is that a disruption of the balance of an entire economic sector. For example, publishers of free channels will see their audience is more fragmented, while a portion of advertising revenue will be diverted to the search engines. Furthermore, the connected TV will reduce the role of commercial distributors. French services for video on demand will experience a distortion of competition in foreign service, or hacking video sharing sites. In total, support for the French production is no longer guaranteed as it relies on the sales channels and its components – investment obligations, broadcasting quotas, chronology of media exclusives – would be threatened. It is urgent to make proposals on the subject.The CSA has decided to organize this international symposium next April 28.

Digital radio can it lie fallow?

The CSA has done what the law required it by setting the frequencies and selecting candidates. But the crisis came and blocked the entire device. I am concerned about the reluctance of some operators. Eventually, the radio will not be satisfied with the frequency modulation and long wave. But I think the Internet can only be a supplement to a radio broadcast. Large stations should understand that their brands may wane amid tens of thousands of radio stations broadcast on the Net. Finally, as Chairman of the CSA, I can accept that 30% of French people have access to only ten stations over the air.I rely heavily on the report that the Prime Minister has asked David Kessler.

The personal mobile TV is still not launched in France. Why?

There was a tremor with the initiative of Virgin Mobile, and TDF. Unfortunately, the application of the VAT increase offerings of mobile operators broke the momentum. I urge that this be deferred for three or four years.

When will you launch the tender for two new DTT channels?

As soon as possible. But this launch is subject to the intervention of an order to finance the redevelopment of frequencies to provide the necessary space for two multiplexes that will host the new channels. Must be made before the decree on April 30.

Storm over the empire Wendel. According to the Journal du Dimanche, the National Audit tax situations (DNVSF) sent on December 24 last an additional assessment to 14 group managers, who in 2007 received large sums in order to interest the results Company. During the action Wendel May 3, 2007, 324 million euros in total were distributed in shares to the persons concerned, through a complex system involving several civil societies. The taxman believes today that this is an "abuse of law", a concept that applies to a legal assembly itself, but established for the sole purpose of circumventing the tax. He believes that the amounts distributed by Wendel should have been in the form of wages, and therefore claims "about 75% of the sums at stake in 2007," to individual recipients.

Jean-Bernard Lafonta, chief executive of Wendel, and primary beneficiary of these funds is called to donate 100 million euros of the 156 million received. Second, Ernest-Antoine Seilliere, president of the supervisory board and former president of MEDEF, has received a tax notice for an amount of around EUR 50 million, or 75% of 60 million was achieved guaranteed approval cash advance loans. " "Asked about his laptop, the former boss of the MEDEF has preferred hang up abruptly," says the JDD. Another beneficiary of the financial package, Christine Dutreil, wife of former minister Renaud Dutreil SMEs, will also donate 6 million euros over 8 million paid.

Also affected by this tax adjustment, the legal director of Wendel, Arnaud Descleves already in litigation against his employer, considers it to Wendel and not its employees, to defray the amounts requested."Employees are not responsible for the montage at the time, in order, they said, give them a profit …. We seized the commercial court for Wendel its responsibilities, "his lawyer tells the JDD, Pierre Versini Campinchi. The newspaper said other executives would consider similar action.

For the final night of the year, conservators will be more motivated to put on their 31. New Year's Eve is with the 1st May and Mother's Day, one of their biggest day of the year. However, far behind the Valentine's Day. Nothing like Christmas Eve, a family night that the French prefer to spend them at home. "Attendance at the restaurant for Christmas Eve December 31 is ten times greater than that of Christmas Eve, which tends to decline," said Bernard Boutboul, CEO of consulting firm Gira Council.

Some institutions are already rubbing their hands. At the Plaza Athenee, for example, is complete. December 31 is the biggest night of the year the Parisian palace. A time when customers like to have fun by offering very good wines, in addition to the rest.ADPA in the restaurant (Alain Ducasse at Plaza Athenee), the last of the 50 seats left three weeks ago. Count 1,200 euros per person with drinks. At the bar, from 1,200 euros, you have a table for the evening with a bottle of champagne. Also complete. There is room … for children only. The palace holds for them a luxury Eve, for 290 euros.

In Paris always, it is also complete since last weekend at The Station, a trendy restaurant owned by the Groupe Bertrand. There is forced menu at 95 euros, with champagne, appetizer, entree, dessert, coffee and evening DJ. But many institutions are not so lucky. And some may live in fear of the empty chair until the last minute. Restaurateurs know: consumers tend to decide later and later, convinced that there will always be a place somewhere.Even for the evening of New Year's Eve, some do not hesitate to book the same day. In fact, more concerned about the profession this year is the weather. Snow, and all the mess she created on the roads in recent weeks, has already affected the attendance of December. Conservators are helpless to fight against a new snowfall on December 31 payday loans for bad credit.

Jean-Michel Texier, CEO of White Brothers Group (27 restaurants and eateries, Chez Clément, Le Pied de Cochon …) shows a delay of 5% to 10% of bookings compared to last year.According to him, precisely because "people are worried about the weather" as the group has made an effort on prices, by lowering its tariffs by 10% to 15% over 2009 (count 70 to 140 Euros the evening as addresses).

As a year to the next group of institutions will eventually be complete, it remains confident for 2010. "All restaurants are open to full, except those who have abused the price," Bernard Boutboul prognosis. He said the evening of December 31 costs at least EUR 60. Count 120 euros in an upscale restaurant. This price has barely budged over the past ten years. "People go out more to celebrate than to eat," says this expert. According to him, those who persist in making special menus too rich and too costly are wrong because, in general, we find that prices fall more and more attendance goes up at the restaurant.

Adding 30% more

"In general, for New Year's Eve, the average ticket is higher by about 30% compared to a classic evening, said Jean-Michel Texier. But profitability is not progressing as much as we have some additional costs (orchestras, extras …). Some institutions, more and more, will pass up, according to Bertrand Jelensperger, founding partner of TheFork website, which offers reservations, some at bargain prices, in 4500 restaurants in Paris and the provinces. This year, 25% of its clients are closed, either because they are on holiday, either because they do not want to transform their schools for partying. He predicts that only 50% of restaurants with whom he works will be full for the last night of the year. It is far from the evening of Valentine's Day.

After meetings marked by lower Friday Asian stock markets start the week on a positive note. On Monday, the few markets open on this holiday react positively to the announcement of the weekend: recovery, by the People's Bank of China, China's central bank, a quarter point (0.25%) of its Interest rates on loans and deposits, as of December 26. That measure, designed to control runaway inflation in the country, was expected. Despite initial fears that the Chinese economy slowed by the tighten monetary policy, investors welcomed the news, considered positive in the long term.

In China, the Shanghai Stock Exchange the tone Monday, as Hong Kong is closed. The Shanghai Composite was up 0.36% to 2845 points.Financial stocks are up in the image of China Ping An (+1.7%), or Industrial and Commercial Bank of China (+0.5%).

In its wake, the Tokyo Stock Exchange has evolved into positive territory during a quiet session. The Nikkei, which started on a gain of 0.13%, has increased his earnings to finally close on a rise of 0 no fax payday advances.75% to 10,355.99 points. The broader Topix index finished with a gain of 0.33% to 904.68 points. The volume of transactions was particularly low with only 1.25 billion shares traded on the primary market. Note that the small rise in the yen against the dollar during the session did not prevent operators from entering the correct side of the business of exporting companies.

In India, the Sensex gained 0.43%. Scholarships in Australia, New Zealand and the Philippines are closed.Only the Korean KOSDAQ is in the red (-1.23%).

Oil in a disorganized

For their part, crude prices were mixed Monday in electronic trading in Asia. Unlike investors in equity markets, oil markets are cooled by the surprise increase in interest rates according to analysts.

In morning trading, a barrel of light sweet crude for February delivery yielded 23 cents to 91.28 dollars. One of Brent North Sea crude for February delivery gained 12 cents to 93.89 dollars.

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In Brussels

The Twenty-Seven and the European Parliament have failed to agree Monday night at the finish negotiations on the EU budget for 2011, expires at midnight before a final deadline. The EU may find itself on the straw from 1 January. This failure, amid power struggle in Brussels forced the Barroso Commission to submit a new draft budget. Given the time of procedure and voting, the EU may find itself without resources at the beginning of next year. She should live from month to month, under pressure from the provisional twelfths. The External Action Service, the new financial supervisory authorities and the experimental reactor ITER would be left penniless.

The standoff, which began in the summer on the credit restrictions imposed by national treasuries, moved in recent days about the power of future control MEPs.All colors combined, the Parliament finally agreed to limit expenditure growth to 2.91%. But it demands in return for having a say in deciding on the following exercises for resources as for expenses.

Political Declaration annexed to the budget

Separately, then in a final attempt at conciliation, the two powers of the EU should decide on a compromise plan: a political declaration annexed to the 2011 budget. The text, pushed by the Commission, faced the supporters of rigor as the advocates of a minimal interpretation of the influence of Parliament. Any agreement supposed unanimity of Twenty-September By early evening, the United Kingdom, the Netherlands and Denmark were still missing the call.

This group led by the United Kingdom will have been due to the consensus that was ready to emerge."I regret that a small number of member states have closed the door to an agreement on the 2011 budget," said President of the European Parliament, Jerzy Buzek, on the expiry of the deadline for negotiations. First failure of this kind for the EU since 1988, this setback leads to the stability of EU spending next year.

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Alcatel-Lucent, Vallourec are two of ten companies and institutions that have signed on Friday in the seat of the MEDEF, Paris, new contracts with Chinese groups on the second day of the visit of Chinese President Hu Jintao. The French subsidiary of Rolls-Royce Civil Nuclear, the company Sino-French Economic Development Chateauroux Genopole, Alstom Power Systems, Erasteel also announced agreements.

"The climate is good. Chinese and French have expressed their willingness to work together. They share many common analysis of the G20 a few days, "says Jean-Pascal Tricoire, President of the France-China and CEO of Schneider Electric.

Several contracts have to SMEs. "I've already been there a dozen times in China.We signed a contract for one million euros with a large Chinese group to distribute our wines, "said Claude Fournier, president of Fournier father and son (50 employees, 12 million euros of turnover) based in Sancerre.

Chamber of Commerce of Paris has signed an agreement to enable SMEs to expand their operations in China with the support of Chinese giant Huawei Telecommunications. Although France is the second European exporter to China after Germany, Christine Lagarde, Minister of Economy, who attended the book signing in the presence of Chinese Minister of Commerce Chen Deming, noted that the trade deficit racked with China paydayloans.

Investments up

"We're not necessarily very proud when we look at our trade deficit with China is first with 22 billion euros," she said.While advocating "respect for intellectual property" and "equality of treatment between Chinese and French companies," Christine Lagarde defended "a sustained economic relationship based on friendship and the requirement."

While French investments grew 11% in China in 2009, she wanted to see closer cooperation between French and Chinese companies in sustainable development, finance and agribusiness. "The contracts are important. But the orders received each day 4 000 French companies operating in China are equally important, "says Jean-Pascal Tricoire.

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Mobilization pushed the streets between 1.1 million and 3.5 million French on Tuesday, according to figures from the Interior Ministry and unions. The latter therefore intend to continue their actions on Wednesday, but the SNCF and the Directorate General of Civil Aviation (DGCA) to a slight improvement in traffic:

According to a statement from the station, disrupts traffic will be:

• Nationally

– TGV Paris-Province: 2 sets of 3 on average

– TGV from province to province: 1 set of 2

– For B: more than 1 service 2. Connections with TGV are not guaranteed.

– To Corail trains: 4 out of 10 trains

– For Intercity trains: almost 1 set of 2

– Téoz: more than 4 trains of 10

– Traffic Lunéa night: no traffic on the night of October 19 to 20.Traffic Paris-Nice and Paris-Nice will be normal on the night of October 20 to 21.

• Transiliens

Ile-de-France, 6 out of 10 trains at peak.RER circulating normally.

• Internationally

– Eurostar: Normal

– Thalys: near-normal service

– TGV / ICE (France-Germany): normal traffic

– TGV Lyria (France-Switzerland): Traffic near normal

– Around Italy: a trip retrour Paris-Milan will be provided for the daytime traffic.

– Traffic from other international trains uninsured.

SNCF said that every ticket is valid broadly the same day in any train on the route in question and that passengers wishing to cancel their trip can do so without charge at the counter, whatever the price.

• Information

http://www.sncf.com

http:// www.infolignes.com

http:// www.abcdtrains.com

http://www.ter-sncf.com

The site-by-station mouvement.com also serves to check the billboards (departures and arrivals) from the station of his choice.

• Hotlines:

0.805.90.36.35 to Outline (TGV), TER Téoz and Intercity

0.805.70.08.05 for Transilien

sncf.mobi for réerl time access to information on mobile.

Station radio: One point traffic every 15 minutes from the SNCF Direct application on smart-phone and all websites SNCF (www.sncflaradio.com)

France Bleu Ile-de-France: 107.1

• Paris Transportation

RATP scheduled for Wednesday a normal or near normal traffic throughout the metro, RER, buses and trams.

• Freephone:

0.800.15.11.11.

• Air:

The Directorate General of Civil Aviation (DGCA) has announced that a quarter of flights will be canceled early Wednesday morning at Orly airport, a thirty flights.Air France plans "to ensure 100% of its long-haul flights and will carry a few cancellations of domestic flights from Paris Orly, mainly morning.

The Directorate General of Civil Aviation (DGCA) calls, however passengers to "anticipate their arrival at airports." Indeed, according to airport sources, the airport access could be difficult. "We have planned events in most airports Wednesday," confirmed the secretary general of the CGT transport, Fourier Paul.In a separate statement, the CGT has also called Air France to this day Wednesday "a time of high mobilization and participation of employees."

Information:

http://www.aeroportsdeparis.fr

• Education-Education:

The University of Letters of Toulouse-Le Mirail will be closed Wednesday, said the Directorate after the vote Tuesday by the students of blocking the establishment. The president of the University Lumière Lyon 2 has decided to close the university on Monday night and "until further notice" due to blockages.

Between six and ten of the 83 universities in the country were blocked Tuesday.

Households are not the only "breeding" licensed. As demonstrated in a report published by the Council of compulsory (CPO), an organization linked to the Court of Auditors, companies benefit greatly from tax and social niches. Sometimes pure windfall, like the construction company that uses a room without a phone, but located in urban zone, as headquarters.

Especially, the POC estimated bills dedicated business tax loopholes to 106.3 billion euros in 2010, far short of 35 billion announced by Bercy. CPO reinstates tax benefits that the department has released the list of niches (or failed to enroll). A recurring practice in recent years. Bercy has "downgraded" the tax consolidation regime (costing 19.5 billion per year) or the exemption of capital gains from sale of subsidiary, known as "niche Cope (6000000000).As for social niches, concerning exemptions and other reductions in contributions and payroll taxes, they claimed, the report said, 66 billion in 2010.

And every year, is inflation. Since 2002 a dozen niches are created every year, often without assessment of their interest, deplores the CPO. Worse, this complex system discriminates against small businesses, unlike large, can not afford to figure it out.

Further improvement of the rules of public finance (auto niches every four years, except to be revotées, new niches pledged by deleting old …), the CPO offers 15 to 29 billion euros of economies. "These proposals are not a fixed menu where everything should be taken.It's just a map, where the choices can take place, "said Didier Migaud, the first president of the Court, when presenting the report to the Finance Committee of the Assembly.

The CPO suggests the revision of two key measures of the quinquennium: reduced VAT in restaurants, he would rise from 5% to 12%, and overtime, to tax on income. What reporting respectively 4.6 billion and 1.2 billion. In addition, investments in SMEs would give rise to any reduction in ISF representing 75% of the amount invested, but 25%.

"Profit World": 302 million in 5 groups

Without questioning the usefulness of the research tax credit (CIR), the OAC offers facilities that generate hundreds of millions in savings.Rather benevolent relief against general payroll taxes, which have created employment, the report criticizes the other hand the cost of tax and social benefits associated with participation in profit sharing, employee savings schemes (25 billion) and additional social protection (12 billion). In addition, the CPO proposes to submit further contribution compensation for breach of contract of employment, including redundancy pay. On all these points, many members are on the same wavelength.

Finally, the CPO proposes to make it less advantageous tax regimes used by groups, such as "regime mother-daughter" and "tax integration, and remove the regime of 'worldwide profits", used by five groups and costing 302 million to the state.CPO and add a cap on the deductibility of interest on loans to 30% of accounting profit, as does Germany, would bring 11.4 billion over three years. Like what, the harmonization of taxation French and German would not necessarily be a good deal for businesses hex!

A year after launching the "plan of last resort" for the transport of goods, Pierre Blayau, the director general of SNCF Geodis, gives a positive assessment of the freight business, however, regarded as the shot of the SNCF. He also maintained yesterday that his branch will again be "in balance in 2013.

"We are already seeing results. Since last March, we set up a train on the route Vesoul-Kaluga (Russia) 3,000 miles to supply the Russian plant of PSA in auto parts. Five to seven trains a week to move the equivalent of 15,000 trips per year.As another example, the head of the branch also details a new contract with a logistics Swedish Scandfibre to develop the transport again "massive."

Pierre Blayau also discussed the new offer of "wagons," these trains consisting of various loads for different clients, whose business has suffered most in recent years.

ArcelorMittal will be on board

"80% of Fret SNCF customers have agreed to build this new network," said Pierre Blayau about offering called multi-lot multi-client, launched in July. ArcelorMittal and cite which "will be on board this new offering wagon."

The steelmaker, one of the main customers of Geodis SNCF, had indicated in recent months that he was opposed to reform plan Fret SNCF.Indeed, this summer, the station had faced an outcry from trade unions and associations, environmental groups calling for "more cars" and that employers' federations had joined together to denounce "the degradation of service "in the field of rail freight.

For now, this new offering of "wagon" is still in an experimental phase while the full entry into force should be completed by mid-2012. The Director General of the branch said the new offer was aimed at the 'tariff continuity. "

Asked about the increasing economic weight of the "road" within the SNCF, Pierre Blayau said that Geodis had intended to sell the railway. "The momentum is to do more than rail," he recalled. Carrefour, Danone, Leclerc demand to do more for reasons of image. "Geodis station should thus support groups wishing to reduce their carbon footprint. SNCF Geodis also undertakes to publish in mid-2011, the first comprehensive measure its carbon footprint.