Good news on the employment front. The Labor Department announced Wednesday morning in the Echoes of figures on backup plans for employment (PSE) fell sharply from the end of 2009. In the first half of 2010, 668 PES have been reported to the administration against 934 in the second half of 2009, a decrease of 28.5% over this period. Moreover, the month of June 2010 recorded 87 such redundancy schemes, a level at its lowest since August 2008. The Ministry of Labour, however, did not release the total number of jobs destroyed by these schemes.

This news comes in support of other labor market indicators published recently. Two weeks ago, INSEE reported on the creation of 60,000 salaried positions in six months, one year after 2009 generally very destructive.The use of frames also rebounded since last January found the Association for the executive employment (APEC). In July, the job offers published by the association executives and 53% progressed, mainly in IT and business functions.

2009 catastrophic

However, the decrease in the number of PES remains in place relative to the extent that the figures for 2009 had been devastating: 2,245 plans had been identified during this year particularly affected by the crisis, nearly 2.5 times than in 2007. With already 668 PES 2010 is also unlikely that the number PSE set up in 2010 found its level before the crisis (957 PES 2007).

The explosion, finally, the number of broken treaty in June might suggest that some companies use them in lieu of some PES, although this practice is prohibited by law. In order not to attract the attention of governments and not having to pay compensation in the amount tends to grow under pressure, companies could use this mechanism put in place two years ago, or even layoffs in smaller numbers.

The cloud computing continues to attract IT companies. A week after Dell announced it planned to buy the company for data storage, 3PAR, his rival, Hewlett-Packard (HP), outbid on Monday on supply Dell. HP has made an offer of 1.6 billion dollars (1.2 billion euros), against 1.15 billion dollars (894 million euros) for Dell. The proposed transaction represented by Dell when it announces a 87% premium over the closing price of 3PAR. An advertisement that has boosted the share 3PAR over 40% to 25.35 dollars in a market up 0.27%.And while, to 3:35 p.m., Hewlett-Packard lost 0.13% to 39.80 dollars.

Transaction close by the end of the year

HP recently rocked by the resignation of its CEO Mark Hurd in early August, said that the board had approved the transaction faxless payday advance. The closure of the transaction is expected before the end of the year, the company said.

This acquisition would allow the IT group to extend its range of storage products for the cloud computing (cloud computing) and to support its service activities, like other industry heavyweights like IBM, they which tend to generate higher gross margins than sales of computers.

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The CAC 40 is a little break after a meeting at which bounce saw the benchmark index of Paris close to over 3%. On Friday, the markets begin the session on a slight decline from 0.13% to 3595.66 points. The waiting game surrounding the publication of results of stress tests of European banks is felt. Already, the euro back a bit against the dollar at 1.2889 dollars around 9:00.

Yesterday, U.S. markets have done a great meeting Thursday at which time the Dow has gained almost 2%. U.S. markets relatively insensitive to the announcement of a surprise increase in weekly unemployment registrations have been worn by the overall business results above consensus.

In terms of macroeconomic statistics, the session looks very calm.No major indicator is expected in the United States.

In France, the French household consumption of manufactured goods fell 1.4% in June after the previous month was supported by purchases of televisions before the World Cup, according to figures published by INSEE before the opening markets. Throughout the second quarter, it shows a decrease of 0.9% after falling 1.9% on the first three months of the year. Analysts on average expected a rise of 0.2% in June

The Germans will unveil their Ifo business climate.

TF1 reviewing its objectives to increase

The stress test, however, occupy the banking sector.BNP Paribas, Societe Generale, Credit Agricole, Natixis (BPCE) or Dexia should respond.

Moreover, the markets will again this session to analyze several quarterly publications:

TF1 announced before market sales ad up 11% in the first semester for a total turnover of 1.28 billion euros, above the consensus. Net income group share was 74 million euros over the period. The objectives are significantly revised upward with a turnover in 2010 rose by 7% instead of 4%.

STMicroelectronics reported Thursday a profit above expectations at 18 cents per share with a turnover up 27% to 2.53 billion. Analysts on average expected a profit of 14 cents per share and a turnover of 2.513 billion dollars.

Pernod Ricard noted Thursday its annual forecast for operating profit thanks to the improved economic environment and its position in emerging markets. Its turnover in 2009-2010 emerged, up 2% on a comparable basis.

Ubisoft has released a turnover up 94% in the first quarter of 2010-2011, to 161 million euros and confirmed its objective of a provisional turnover of 160 million for the remainder of the year.

BioAlliance Pharma has announced a record turnover of 15.2 million euros in the second quarter against 1.5 million a year earlier, after recording in April in the United States Loramyc, light treatment of fungal infections of the mouth patients with cancer or AIDS.

As for ads, Alstom said it had won contracts valued at about 450 million euros for the construction of two units for a combined cycle power plant India.

Legrand announced Thursday a takeover offer for Indo Asian Switchgear India, where he produced nearly 4% of its annual turnover after the acquisition. Indo Asian Switchgea aims for 2010 sales of more than 35 million euros.

Maurel and Prom announced Thursday it had increased to approximately 70 million euros the amount of its issuance of Oceanes five years following the year's total allotment option.

Photographers, cameramen, and around 70 MPs, including several tenors Socialists (Francois Hollande, Jean-Marc Ayrault) belonging to other committees, however … The Social Affairs Committee of the Assembly, Eric Woerth who auditioned Tuesday, just after presenting his plan to reform pensions in Cabinet, had on Tuesday an unusually busy. She was visibly much at the media-political context and the importance of the bill to the agenda. The audience was also gradually scattered throughout the session … And if the Left has repeatedly expressed its disapproval loudly – a ruckus usually reserved for the Chamber – is inside the text she attacked.

The fate of the Pension Reserve Fund has attracted the most virulent attacks.Introduced by Lionel Jospin and supposed to help pass the peak of demographic imbalance between contributors and pensioners, beginning in 2020, the FRR will finally be used to offset deficits in coming years, pending the promised balance by the government in 2018. "Your reform is shortsighted, accused DSK.The holdup on the Pension Reserve Fund is to penalize future generations. "

PS She also found that the device "hardship" (starting at age 60 with full rate, subject to a disability of 20%) returned to "say people who are disabled or sick are entitled to be recognized invalid or sick. "

"A good balance"

Labour Minister regretted the "distortions" and recalled that this device, combined with the long careers (early departure for those who started working before age 18) should cover 100,000 people per year in 2015, a new retiree on about six.Earlier, Eric Woerth was held, in an interview Capital.fr that the threshold of 20% was a "good balance", seemingly closing the door to a significant change – and potentially costly – on this point.

Not a word left, however, to challenge the alignment of the contribution pensions of officials on that of private sector employees.

The majority, she has power, supporting a reform considered "essential," "urgent," "fair" and "effective". Jean-Luc Préel however, raised a question: "I have some doubts about the economic forecasts that seem optimistic," said the member of the New Center.

Meanwhile, unions have reaffirmed their opposition to the reform, gathered before the Ministry of Labour hundreds of activists, including Bernard Thibault (CGT), François Chérèque (CFDT), Alain Olive (UNSA) and Bernadette Groison (FSU).

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Saffron is still on track, despite the rejection by the supervisory board of Zodiac's merger offer sent July 6. "We stand by our proposal. It is the shareholders to decide Zodiac. We were very surprised that the leaders of Zodiac reject our proposal without seeking to fathom, "says Jean-Pierre Cojan, Deputy Director General of Safran, head of strategy and development.

The group led by Jean-Paul Herteman no plans to launch a takeover bid (OPA) hostile Zodiac. "I'm not sure that the interests of our shareholders would be served by something other than what we propose, namely to gather around the table. We have no idea at this stage other than to repeat the proposal that was made there about ten days, "says Ross McInness, Chief Financial Officer of Safran.In the letter received by Didier Domange, chairman of the supervisory board of Zodiac, Jean-Paul Herteman, CEO of Safran, simply wrote that he proposed an exchange of securities and cash to the shareholders of the Zodiac. But he has not made any proposal encrypted. Saffron has a market capitalization of about 9 billion euros. The Zodiac is 2.4 billion.

For the moment, everybody sticks to his guns. The leaders disagree on everything. Zarrouati Olivier, CEO of Zodiac, ensures that the merger would have only "limited synergies" from the industrial and it would not "create value for shareholders of Zodiac.

The state voted for

Saffron, which produces both engines as landing systems, but rather emphasizes the importance of synergies."This merger, which we have thought for some time, makes sense for several reasons, technological and industrial pay day loan lenders. The major clients such as Airbus and Boeing want to work with a limited number of suppliers. The consolidations that have occurred recently demonstrated. There are also synergies in terms of after-sales services. Bringing after-sales services of both companies would share their infrastructure, "says Jean-Pierre Cojan.

Olivier Zarrouati observes that marriage between a heritage whose key shareholders are families Domange Marechal and Gerondeau and the ISP (about 5%), and Saffron which the state holds 30%, is doomed to failure."Safran has not demonstrated in the past its ability to integrate different corporate cultures," he says in an interview with Voices. "Saffron, which is a company that makes money, has demonstrated in the past how much he knew of successful mergers and acquisitions," argues Jean-Pierre Cojan. Saffron has certainly been significant difficulties for the successful merger decided in May 2005 between the public group Snecma and Sagem private enterprise. But he has found new life since the appointment of Jean-Paul Hertelman in September 2007 at the helm. And in a sector as sensitive as aeronautics, its acquisition strategy is approved by the State. When the supervisory board has agreed unanimously to a merger with Zodiac, the representatives of the state voted for.And while interest in the Zodiac, the group remains on the lookout for other acquisitions.

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From simple to double. In 2009, the price of a comparable basket of food and soft drinks were twice as high in the Member State of the European Union the most expensive in the cheapest, according to a survey published by Eurostat, the statistical office of the EU, which compared the prices of nearly 500 products in 37 countries across Europe.

Among the 27 countries of the European Union, Denmark takes the top spot, with rates higher than 39% the EU average. The Nordic country is followed by Ireland (29%) and Finland (20%). A laggard, Poland is the EU country where food prices are the lowest, 36% lower than average.Romania (34%) and Bulgaria (32%) are just ahead of Poland at the end of this ranking.

According to Eurostat, France was the eighth most expensive country in the EU for food in 2009, behind Germany (7th) and Belgium (6th), where food prices were respectively 11% and 15% higher than average.

In France, food prices (including soft drinks) were 10% more expensive than the EU average in 2009, reports Eurostat. In detail, the bread and cereals were costing 13% more in France, the 22% more meat and milk, cheese and eggs 4% more. Excluding food, prices of alcoholic beverages in France were 5% below the European average.Tobacco, however, was 33% more expensive.

"Taxation, particularly on alcohol and tobacco, varies enormously from one country to another, and this has an obvious impact on prices of products sold to consumers," says Mathieu Plane, an economist at the French Observatory Economic Conditions (OFCE). So tobacco is even more expensive in Ireland (117% above the EU average) and the United Kingdom (66%).

Discrepancies of wealth even more important

Other parameters explain the wide disparity within the EU. "The final prices are higher in the importing countries," says Mathieu Plane. Costs such as transportation of products are indeed passed on the labels on the shelves."As for producing countries, wages and other production costs are also reflected in consumer prices." Prices that are reported above the standard of living of each country.

Again, the European Institute of Statistics has found very large differences in wealth within the EU, in relation to gross domestic product (GDP) of all 27 members to its population. According to figures recently released by Eurostat, the EU's 13 states have a standard of living than the European average. France is in 11th place with 7% above average. At the other end of the table, Bulgaria ranks dead last with a per capita wealth less than 59% above the average of the 27 states. And seven times lower than the first classification, Luxembourg!

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lefigaro.fr – What do you think of the interference of government in governance of the France national football team?

Gilles Portelle – A long time ago that politicians are interested in sport and they have a stake. This reflects the place it occupies, in particular football, to our society.

In this case, the intervention of politics does not shock me given the consequences of this crisis for France's image abroad. Recall that FFF, like any federation, a Minister and it is normal that she is accountable. The management of events that took place in South Africa raises more general question of governance of the French sport and the organization of the major federations.The announcement of the Estates General on this theme is a good thing.

Faced with setbacks and non-sports athletes of the Blues, the sponsors have they been right to stop their advertising campaigns?

They had no choice but to do so. Indeed, these campaigns to a positive image around the team of France became totally out of step with the perception and feeling of the French people towards the players. Abrupt withdrawal of these campaigns and promotional campaigns around products bearing the image of the Blues is therefore an shortfall for marks.

The situation is dramatic in her image for sponsors?

What happened is damaging for brands including for those visible on the uniforms of the players were immersed in the heart of images that have shocked the French.A brand joins the sport primarily for the values it carries: the solidarity, commitment, fair play, respect. In other words, the absolute opposite of conduct adopted in South Africa. However, the French are part of things and can not be angry with brands that have expressed their support for the national team. I do not think they will turn away from these brands. They are the leaders and team players in France who are involved, not the team of France itself.

What the sponsors will require the FFF? Would they have an interest in breaking their partnership contract with the Blues?

The partners are entitled to demand explanations and guarantees for the future. Guarantees regarding the introduction of a new sports project and especially behavioral, consistent with the values they wish to associate.Guarantees regarding specific actions that the FFF has taken to improve the image of the group and the institution. These marks do not turn away from the team of France, the French first vector emotional and remains a partner of choice for brands. The Blues can for example TF1 to achieve record ratings, despite the setbacks and non-sports athletes of Team France.

If the conditions are met, they are ready to commit to support reconstruction. The chance of FFF is to have loyal partners, present mostly at his side for many years and are committed for the next four years.The Federation must take this opportunity to rebuild a new crew with new values closer to reality, to retain sponsors or attract new ones.

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After the additional $ 10 billion claimed by Freddie Mac in Washington, his sister Fannie Mae has requested $ 8.4 billion to the state by the end of June to offset its deficit. "Our first quarter results are due primarily to costs associated with credit, which remain high due to weaknesses in the economy and housing market, Fannie Mae said in a statement.

This is in addition to an extension of the $ 15.3 billion released by the Treasury on March 31 last. "Due to current trends in housing and financial markets, we continue to expect net deficits in the future, and therefore we will obtain additional financing to the Treasury, the company said.

This request comes as Fannie Mae has released today a loss of 11.5 billion dollars in the first quarter.A loss to which we must add the payment of a dividend of 1.5 billion dollars to the federal government. On Thursday, Freddie Mac announced a loss of 8 billion dollars by way of the first quarter.

Senators resist

Victims of the credit crisis, the two institutions, which guarantee more than 40% of outstanding mortgages granted in the United States have been saved from bankruptcy by the U.S. government.

The Senate voted Wednesday an amendment canceling a fund of 50 billion dollars (39 billion euros) in charge of the liquidation of banks and other financial institutions of importance.

In late 2009, the Obama administration is committed to cover an unlimited losses "Freddie Mac and Fannie Mae" until 2012.

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Jean-Louis Dumas in June 2001. Photo credits: AFP

The World Bank took into account the weight of so-called "developing and transition economies" in the global economy by proposing to increase their voting rights in the institution, as requested in September by the G20, transferring at least 3% of the votes of advanced countries to others.

The 186 shareholder countries of the World Bank have agreed, after the spring meetings of the International Monetary Fund (IMF) in Washington, for a capital increase – the first in 20 years – 3.5 billion ($ 2.6 billion), in addition to which only the developing countries could add 1.6 billion dollars that will allow them to increase their voting rights.

"The approval of this change on voting rights is crucial for the legitimacy of the bank," said World Bank President Robert Zoellick.

China will hold 4.42% shares

Ultimately, it is 3.13% of rights that should be taken from one side and granted each other, allowing developing countries to hold 47.19% of the voting rights of the World Bank.

Among the big winners (r) evolution – the issue of transfers of votes is the subject of debate for several years – China, whose rights to vote from 2.77% to 4.42%, to climbed to third place in the countries most represented, after the United States (15.85%) and Japan (6.84% against 7.62% previously) electronic check payday advance.

"This represents an important step towards a new balance between developed and developing countries" reacted Chinese Finance Minister Xie Xuren was quoted by the official Xinhua News Agency.

Brazil (2.06% to 2.24%) or India (2.77% to 2.91%), have also benefited from this review, for example at the expense of France, whose share was down by 4.17% to 3.75%. Ditto for Great Britain.Germany now holds 4% of the votes, against 4.35% previously.

Faster, more flexible

The Development Committee of the Board of Governors also approved an increase of 86.2 billion dollars of capital to the International Bank for Reconstruction and Development (IBRD).

"The additional capital can be used to create jobs and protect the most vulnerable through investments in infrastructure in small and medium enterprises and social safety nets," said the head of the institution .

The committee was in favor of the new Bank strategy for post-crisis and "a set of sweeping reforms to make the Bank faster, more flexible, making it more accountable for its actions" .

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