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Decline of social plans in H1

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.

Asia claims the world market of the press

Every day, worldwide, 1.7 billion people read a daily fee. Either one quarter of the adult population worldwide. With non-daily newspapers, 37% are adults, from Beijing to New York from Cape Town to Hamburg, from Calcutta to Moscow, blackened fingers over 12,477 titles, or 1.7% more than in 2008. The global distribution of newspapers has reached 517 million units sold in 2009, down 0.8% from 2008 but up 5.7% over five years.

These statistics, released Wednesday by the World Association of Newspapers and publisher of the news media (WAN-IFRA) in its annual report on global trends in the media are reasons to be "optimistic", says President WAN-IFRA, Christoph Riess.

In detail, the global market of the press especially took advantage of Asia's appetite for newspapers. The region is home to 67 of the 100 largest newspapers published worldwide.There is also the major newspaper markets – with, in mind, India (110 million copies sold daily), China (109 million copies a day) and Japan (50 million copies) . It also published in the archipelago that is the largest daily in the world published: Yomiuri Shimbun runs every morning at more than 10 million copies.

Very hungry for news, Asia recorded in 2009, an increase of 1% in the distribution of its daily revenue. Over the past five years, it has increased by 13%. The region is thus one of the most dynamic, after Africa, where the diffusion has increased by 30% since 2004. The distribution of non-daily newspapers in Asia, she rose 3.1% in 2009, ahead of Australia and Oceania (+1.8%) and Europe (+1.5%).Over five years, this category grew 17.3%.

Going digital

Conversely, markets with a mature media environment see sales of their papers back. The distribution of paid dailies has declined by 3.4% in North America and 5.6% in Europe in 2009. Over five years, these two regions have lost 10.6% and 7.9% in the distribution of daily press charges. "While traditional newspapers in many markets mature losing readership, media companies on these markets are at the forefront of the digital revolution, is consoled Christoph Riess.Many newspapers in mature markets have turned to digital platforms and new forms of printed publications, expanding their product portfolio, their audience and revenue. "

However, for WAN-IFRA, "the advertising revenue related to digital activities will not compensate the losses of printed products. However, newspapers have a real card to play on mobile phones: "Mobile services can reach 100% of the population and the payment for such services has been well established in the customs," the report says.

The CAC 40 rose 3%, reaches 3750 points

The Paris Bourse was raised a notch to 16 heyres. Already the CAC 40 took more than 2% since this morning, but the ISM index of manufacturing activity, released on Monday across the Atlantic in 16 hours (Paris time) gave a boost to U.S. indices, as best expected. European stock markets all benefit.

In Paris the CAC 40 wins no less than 2.96% at 3,750 points to 16.20. The month of August begins very well, after one month of July already favorable to investors in Paris.

Last month, the CAC 40 was well recovered, compared to a decline in June and a memorable month of May in terms of poor performance. Between 1 July and this July 30, the index rose 9.1%. Since the beginning of the year, it remains a decline of 7.45%. Compared to a year ago, it was up 6.3%.

On the face of macroeconomic indicators, two publications are important to remember.In Europe, growth in manufacturing output and new orders accelerated, reaching their highest level in three months, according to the latest PMI survey released Monday and conducted by Markit Economics Institute. The PMI index for manufacturing final Eurozone appears already to 56.7 in July against 55.6 in June

On the other side of the Atlantic, the ISM has continued to grow, but less than before. The increase in activity in the manufacturing sector in the United States has continued to slow in July, the index measuring the ISM has fallen to 55.5, but less than expected, according to figures released Monday by the association .

On the values front, are monitored:

BNP Paribas (4.59%) which unveiled on Monday its quarterly results before the market in good order. They are far beyond expectations, thanks to lower provisions.The title gained 4.19% to 54.92 euros. The title brings in its wake Societe Generale (2.97%). For its part, Credit Agricole gained 2.33% to 10.75 euros.

Air Liquide (1.29% to 87.48 euros) on Monday confirmed its objective of increasing its net profit in 2010 after an acceleration of growth in sales between the first and second quarter, thanks emerging markets.

France Telecom (1.09% to 16.24 euros) has initiated discussions with shareholders Meditel second operator in Morocco, to acquire 40% stake in it, according to the Moroccan weekly News, suggesting a possible investment of 650 million euros. Title varies slightly to 16.05 euros.

Eurazeo announced Saturday that entered into exclusive negotiations with the U.S. fund Carlyle for the sale of the hotel chain B & B.Eurazeo gaining 1.74% to 49.73 euros.

The construction group Vinci (2.44% to 38.05 euros) was selected Friday by the Government for the concession and the construction of the airport at Notre-Dame-des-Landes, who should take over from 2017 the air service from Nantes-Atlantique.

Areva (-2.96% to 354 euros) on Friday, as expected, half results penalized by an additional provision under the Finnish EPR OL3, but confirmed its 2010 targets.

Eiffage (2.21% to 39.57 euros) published a quarterly revenue up 2.2% and said its order book stood at EUR 10.8 billion at July 1 ( +4.4% at constant since 1 April 2010), more than 11 months of activity.

APRR (stable) – The Socialist leader Arnaud Montebourg said it had seized the financial markets authority (AMF) to try and block the delisting of Autoroutes Paris Rhin Rhone (APRR) requested by Eiffarie, a joint venture of Eiffage and the Australian Macquarie Group

Wall Street has suffered some profit-taking

Always worried about the pace of recovery in the United States, and after six trading sessions in the green, the U.S. stock markets fell on Thursday.

After an opening in the green, the gains were quickly erased by investors who took their bénéfcies. Thus, at the close, the Dow Jones down 0.30% to 10,446.85 points.

Yet on Thursday, enrollment weekly unemployment fell slightly more than expected in the United States during the week to July 24, at 457 000 468 000 cons (revised) the previous week, said Thursday the Labor Department.

But the Fed Beige Book released Wednesday evening has reported a recovery in global economy.But two of the twelve regional branches of the Fed said the pace of activity has slowed recently, Chicago and Atlanta, and two others have found a stable economic situation in Cleveland and Kansas City.

The primary appointment of the week is expected Friday with the first estimate of gross domestic product (GDP) which will attract the attention of investors.

Symantec picks

On the side of values, Visa (-4.32% to 71.93 U.S. dollars) yesterday issued a profit after the close of U.S. $ 716 million, or 96 cents per share, against 93 cents expected by analysts. The group's turnover is up 23% to $ 2 billion against $ 1.97 billion expected by analysts.

The publisher of Symantec Antivirus (-11.18% to 13.03 dollars) has announced an increase in its profit to 161 million dollars against 74 million last year.But the disappointment comes from the software storage management data that represent 36% of sales. The activity is down 5%. For the current quarter, the group revised downward its revenue were planning.

U.S. oil giant ExxonMobil (1% to 60.3 U.S. dollars) on Thursday posted a net profit nearly doubled on a year in the second quarter to 7.560 billion dollars, thanks to improved refining margins and higher prices hydrocarbons. Net income group share stood at 7.560 billion dollars against 3.950 billion a year earlier (+91%).

In contrast, Kellogg is sanctioned: -6.89% to 47.98 dollars. The U.S. food group said on Thursday doing worse than expected for the second quarter of 2010 due to the weakness of the grain market and declining sales of its Eggo brand.The Group's net profit fell 15% to 302 million dollars. Net sales declined 5% to 3.1 billion dollars.

Also severely punished: Colgate Palmolive (-6.74% to 78.12 dollars) with worldwide sales rose 2% to 3.81 billion dollars. Prices rose 0.5% globally, with a negative effect of exchange rate fluctuations, the company said in a statement. Its net profit grew 7% in the second quarter of 2010, to 603 million.

Goodyear Tire & Rubber Co. (-5.77% to 11.26 dollars) reported better than expected quarterly results Thursday in favor of growing its revenue and earnings generated by its business in North America , thus raising its stock exchange.The leading U.S. manufacturer of tires reported a second quarter net income of $ 28 million (21 million euros), or 11 cents per share, against a net loss of $ 221 million a year ago ( 92 cents per share).

For its part, the selling group in U.S. online Amazon (-0.23%% to 116.86 dollars) has launched two new models of its Kindle reading shelf.

Always on the side of values, the car rental company Avis (7.22% to 11.88 dollars) amounted Wednesday its bid for rival Dollar Thrifty, with 13.4% more than Hertz, 1.33 billion in cash and stock, hoping to cut short the agreement between Hertz and Dollar in April.

Also note, Chris Viehbacher boss Sanofi Aventis (-0.54% to 29.31 dollars) has confirmed that group continued to explore possible "small or medium-sized" acquisitions.He declined to comment on rumors about the interests of U.S. biotech group Genzyme. Earlier in the morning, sources cited by Reuters said that the laboratory intends to make a formal offer on Genzyme after the failure of his informal approach on U.S. biotech specializing in the treatment of orphan diseases.

According to Bloomberg, the board of Sanofi has authorized management to offer up to $ 70 per share, an offer that values Genzyme $ 18.7 billion.

The Paris Bourse wait

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.

Pernod Ricard raises its forecasts

Pernod Ricard has raised its annual forecast for Thursday operating profit due to improved economic conditions. The group of wines and spirits brands owner Ricard, Absolut, Havana Club, said in a statement that its sales showed a growth of 2% at constant exchange during the year ended June 30

Pernod Ricard said however that "given a negative foreign exchange impact of approximately -1% (turned positive in the second half) and a perimeter effect of -3%, primarily related to sales of brand Wild Turkey and Tia Maria, 2009-2010 turnover was slightly down -2%.

He added: "The year was marked by an economic improvement over that of last year, especially during the second half. Pernod Ricard has continued to benefit from its broad portfolio of premium brands. "

Turnover increased by 9% at constant scope and exchange in the second half, with growth estimated at 3% in the fourth quarter alone. Pernod Ricard said that Asia and Latin America are "remained very dynamic." The improvement trend continued in Eastern Europe, the United States and Duty Free markets. The activity continued to decline overall in western Europe (particularly Spain and the United Kingdom, and more recently in Greece). "

For the full year, the company is now targeting organic growth in operating profit of between 3% and 4%, while it expects an increase of 3% previously.

The turnover and the final results of 2009-2010 will be published Sept. 2.

Attractiveness: France wants to get rid of misconceptions

On the ground of appeal as that of growth, France is doing "less bad" than its main competitors. It is the belief of the French Agency for International Investment (AFII), which on Monday published its panel's attractiveness in 2010, in collaboration with the Center for Strategic Analysis (CAS), Treasury and Datar. While foreign direct investment last year saw a decline of 41% in developed countries, they have fallen "only" 35% in France.

The Hexagon's interest to maintain this advantage: the French subsidiaries of foreign groups provide more than 2.5 million jobs, 20% of R & D and almost 40% of these exports are linked to foreign establishments.And since 2007, when the crisis was suffering its effects, new investment decisions by foreign companies will be permitted to "maintain or create approximately 30,000 jobs" each year.

"Beware the gap between what the economic data and leave out the perception of foreign investors," said Monday David Appia, president of the AFII. This paper attempts to twist the particular blow to conventional wisdom: that France would not fiscally attractive to businesses. "People often think that taxation in France is a weak point but in reality the situation is more complex," said Director General of CAS, Vincent Chriqui No fax payday advance.It must be determined "globally", argue the AFII and CAS.

"Strong signals"

The tax can not be reduced to the corporate tax (IS). "The effective tax burden on enterprises in France is much lower than the nominal rate of the SI would suggest," says the report. It must also consider the tax base and exemptions. Ultimately, if we look at the revenue of the IS reported to EBITDA, "France is in a better position, with a tax rate of approximately 17% of profits." Dietary improvements reserved for impatriate removing the ceiling of the research tax credit – now "the strongest incentive to Europe" – and the removal of business tax on productive investments also "sent a strong signal towards investors foreigners.

More generally, France is ranked fifth in the world for business location costs (employment, installation, transportation, taxes, equipment and energy) and one in Europe, the document stresses the AFII, which compiles data and existing rankings, making comparisons between France and eleven other neighboring countries.

Apple has a patch on his iPhone 4

… No need to tape to deal with the default antenna of the iPhone 4. Apple has another solution. His boss, Steve Jobs, under fire from critics, spoke Friday night from Cupertino, California to restore the credibility of the company. To begin, he conceded that his group was "not perfect". He then unveiled the solution to solve the problem of signal loss when the hand covers the bottom left of the iPhone. The solution? A simple plastic case and rubber will be offered to owners of Apple's new smartphone. Better, this case, which costs $ 29 in trade, will be refunded to those that have already bought one. And if all this were not enough for dissatisfied customers, they could also make their free iPhone 4 in stores.

If customers are reassured, investors too. The Apple stock has returned to the green.For financiers feared that Apple chooses instead to conduct a recall of 3,000,000 iPhones already sold since the launch on June 24 It must be said that such an option would cost around 1.5 billion dollars to the firm at the apple instead of 45 million cases for the "magic".

Verdict reassuring

The American magazine Consumer Product tested the case in question this week in the laboratory and concluded that this solution was acceptable. The "bible" of consumers who had inflicted the fatal blow to Apple last Monday discouraging consumers to buy the iPhone 4, returned a verdict for Apple reassuring."When we gave the case and put our finger on the rubber part where it covers the gap (problem), resulting in a significant loss of reception, so small as to have no effect on the receipt, "says the magazine.

The New York Times suggests that it is not a simple problem of antenna and metal frame, but communication software. Citing an unnamed source familiar with the matter, the newspaper said that the iPhone has four public discovers a defect inherent in all of its predecessors."The problems occurred in the complex interplay between communications software and antenna," the source said, adding that it could be solved with a software update and that Steve Jobs was not aware of this problem before the launch of the device in late June.

Reputation tarnished

This failure has nothing to do with the error display signal reception originally put forward by Apple as the cause of the problem of the antenna and set this week.

Still, the reputation of Apple and its founder is seriously tarnished by this affair. Especially since Steve Jobs, who initially denied the failure of his latest "toy" had long been aware of the situation but have decided to ignore the recommendations of its engineers, as he liked the new design, according to Bloomberg . What the person denies.Sin of pride? Consumers expecting at least Friday a little humility on his part.

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Pensions passages of arms in the Assembly

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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"The Blues remain a partner of choice"

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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