Nintendo is a return to profit

 

The Japanese video game just accused its first loss since its IPO. Nintendo has been hit by a sharp decline in sales of its game console Wii aging room, to 9.8 million units, against 15.1 million for the previous fiscal year, ended March 31, 2011. In addition, sales of handheld 3DS are slightly below expectations at 13.5 million copies. Especially to reach this level of sales, a net reduction in price has been paid on this handheld that broadcasts stereoscopic images without needing to wear glasses. The free 3D has not generated the expected benefits. Instead, it was the source of problems.

In total, sales fell 36% to € 6.4 billion for fiscal year 2011-2012, which just ended. And the operating loss of 37.3 billion yen (370 million) over the period.

Recover the revenue, and return to profitability

Nevertheless, Satoru Iwata, Nintendo's CEO, is betting on a recovery in activity. Performance should not regain their 2010 level, however: the turnover is expected to rise by 26%. In addition, the group is betting on a return to profitability.

The key to the recipe for recovery is called "Wii U", the new generation of console gaming lounge, which combines a touch screen console. It should be presented in its final version in June, at the show E3 video games in Los Angeles. Combined with the lower prices of 3DS allegedly curbed by lower production costs, the group should reach nearly 200 million net profit for the fiscal year that just started.

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L'Oreal wants to double the size of Roger & Gallet in five years

 

At L'Oréal, the experts of pharmacy have finally managed to wake a sleeping beauty. After stagnating for years, sales of perfumes, soaps and body care Roger & Gallet jumped 19% last year, reaching fifty million.

The brand certainly still tiny compared to Vichy and La Roche Posay, the flagship of the active cosmetics division (DCA) of the world's leading beauty products. But it is a growth driver for the industry, with Inneov, Sanoflore and Skinceuticals.

The "perfume apothecary", created hundred and fifty years ago by Armand Roger and Charles Gallet, whose stepfather had bought the Glover case of Jean-Marie Farina, inventor of cologne, had its hour glory before World War II.

Restarted after its acquisition by Sanofi in 1975, she was abandoned when the pharmaceutical company took over Yves Saint Laurent perfumes, in 1993. "Roger & Gallet was not a priority at YSL Beauté," says Thierry Vidart, its current CEO, who works for the brand since 1995, and saw her go from Sanofi PPR (1999) and L'Oréal .

In early 2008, the king of cosmetics has offered YSL Beauté for 1.15 billion euros to strengthen its luxury division with a French perfume creator. He has since sold most other fragrances of YSL Beauté (Boucheron, Oscar de la Renta and Zegna), and retained the fragrance license Stella McCartney.

Ambitions in Brazil

It remained to determine the fate of Roger & Gallet, finally recovered in January 2010 by the active cosmetics division, which attempts to revive the brand, sold in pharmacies to 85% and 15% in department stores and perfumeries as Marionnaud.

The new management is doubling, with the aim of "creating the category of well-being by the perfume pharmacy," said Brigitte Liberman, patron of the DCA, and "a new offer to attract new customers to energize the circuit, "which progresses more slowly than the cosmetics market in France. Roger & Gallet products launched to rejuvenate its clientele, such as body care Sublime Oil and fragrance of Osmanthus Flower. Result: Sales jumped 22% last year in 5,000 pharmacies in France where the brand is present.

Roger & Gallet, which generates 85% of its sales in France, was also launched last year to conquer Europe's. It is present in 3,500 pharmacies in Germany, Italy, Spain and England.

It also operates 550 outlets in Brazil, second fragrance market in the world after the United States, with the ambition to make the country its third largest market in three years. "Our goal is to double sales within four to five years, reaching 100 million euros," says Brigitte Liberman.

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Baudecroux "NRJ has the ambition to surpass RTL"

 

Four years after the return at the helm of Jean-Paul Baudecroux, indicators of the NRJ Group are green. The station NRJ has returned to the second radio station in France and the pole made of TV NRJ 12, NRJ Paris, NRJ Hits has reached equilibrium. In 2011, NRJ Group posted a turnover of 377.5 million euros (+9.9%) and net profit of EUR 45.6 million (41.2%).

LE FIGARO. – In 2011, the results of NRJ Group rebounded. The dark years are erased?

John Paul BAUDECROUX. – This is the result of hard work on our four radio stations and our television. The sales grew faster than the market thanks to the work of our national and local advertising. Finally, careful management has allowed the net to rebound by 41%.

NRJ can it become the first radio station in France?

We aim to exceed legitimate RTL. I dream that the first radio station in France is French. NRJ collects 6 million listeners a day and all of our stations cumulative 12.13 million listeners per day. The bulk of the work of registration stations has been done and now there are some settings that will bear fruit in one year. On the station NRJ, all our slots have grown and Cauet, in the second season, capitalizing on its success. The morning of Manu made good scores and produce its full effect next season. He signed a contract for two seasons.

After seven years, the television division is finally balanced?

If the end of the year was better, the television division would have made money instead of just at equilibrium. Our channel NRJ Hits became the first music channel on cable and satellite and NRJ 12 is now the third TNT channel, behind TMC and W9 with an audience share of 3.8% on the target of 15-34 years.

Finally, you win money, why would reinvest in a new DTT channel?

Because I like to develop projects and we are not here to make financial transactions on the frequencies. As entrepreneurs, we prefer to construct heritage assets online payday loan lenders. If the Higher Audiovisual Council gives us an additional string, we will invest 110 million euros over five years. But that will strengthen our position in the advertising market. And, more importantly, it will devote our role as the fourth operator private broadcasting French. NRJ 12 already, we just launched the production of a daily French fiction whose 1st release is planned in September. The CSA has the option, giving us a new DTT channel, to rebalance the French media landscape in terms of advertising support for audiovisual production and pluralism around four main actors sound and sustainable.

You have submitted three projects announced chains but you have a preference for Darling HD. Why?

The President of the CSA and a counselor I have questioned my preference and I answered with complete transparency. But if the CSA gives us another channel, we will accept it as our three projects-My NRJ, Chérie Nosta TV and HD are all worthy projects. However, Cherie HD, feminine chain, a target audience of 25 to 49, which corresponds to that already addressed by our advertising. This will allow then to consolidate his power. Above all, we believe that our chain is the female who best meets the public expectations on TNT.

Your broadcasting subsidiary Towercast is it still for sale?

Towercast, which ensures the broadcasting of digital radio and television, thrives, conquered about 20% market share and posted strong profitability. And with the arrival of six new DTT channels in high definition, the broadcast market will continue to rise. We hope to enjoy. However, this asset is not in our heart of business and if an investor offers us a good price, I will examine the proposal.

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4G has become a selling point

 

Three major operators compete around the 4G brings the Internet broadband mobility to exchange emails in the blink of an eye, watching videos or surfing the Web at home. Verizon, AT & T Wireless emphasize that LTE (Long Term Evolution). In early summer, Sprint will join the battle overseas.

After saturation of services in New York and California, customers are opting for a more reliable service. U.S. operators had invested less than their European counterparts for the previous generation of mobile telephony. "There is a change in leadership. There are four or five years, European operators dominated the mobile technologies. Now, operators in the United States have adopted and deployed the LTE, "says Wim Sweldens, president of the mobile division of Alcatel-Lucent.

Of some 6.4 million users worldwide LTE end of 2011, 63% of Verizon customers in the U.S., notes the firm Informa. They should represent 428 million customers at end 2016, representing 6% of mobile users worldwide, said the company Juniper Research. 4G is a boon to increase average revenue per customer. AT & T and Verizon offer commercial offers between 40 and 50 dollars a month for data only, not to mention the basic subscription between 20 and 30 dollars. In France, "we want to be ahead of our competitors for the deployment of 4G," says Stéphane Richard, CEO of France Telecom, who refuses to indicate when it will launch its service for the benefit of surprise. Orange is expected no earlier than the end of the year and most likely in 2013.

Sign that the market takes off, the number of terminals available is increasing rapidly. Last year, the only facilities were proposed to connect the USB to connect a PC 4G, Huawei launched by the Chinese and the Taiwanese HTC. In January 2012, "48 for LTE smartphones are on the market, six times the number six months ago," says the GSA (Global Mobile Suppliers Association). Among them, all the major manufacturers have answered the call, with the notable exception of Apple. Catalogs are provided the most offered by Samsung (17 smartphones LTE), LG (10) and HTC (7).

As for equipment for 4G networks, the battle is very fierce between manufacturers to be selected for the 226 to build networks in 76 countries. In this market, European manufacturers are the strongest. Sweden's Ericsson and French Alcatel-Lucent selected by both the largest U.S. operators, reap the biggest contracts. They got respectively 36.7% and 21.1% of the world in 2011, says research firm In-Stat. Then come the duo Nokia Siemens (11.7%), in the lap of the Finnish group, China's Huawei (9.9%) and other actors such Samsung, NEC, Cisco and ZTE.

Credit cards: new benefits

 

Visa Europe and MasterCard compete imagination to make their cards more attractive. Thus, Visa deploys a program of benefits for some 4.2 million Visa cardholders Prime. They now benefit from price reductions in a list of partner stores (Sephora, Lapeyre, Opinion …) by simply presenting a coupon to download on the Internet (visa.fr). April 1, this program will be expanded to Lenotre, ready-to-wear or Bensimon to Nature and Discovery. "Historically, the world of credit cards was rather that of the travel and leisure. Now the goal is to approach the everyday consumer, "says Catherine Soubirou, partnership manager at Visa Europe. MasterCard, meanwhile, has developed an online shopping mall which also offers discounts to holders of the Gold card.

But for the most prestigious cards, these benefits are not enough. The 150,000 holders of a Visa Infinite card will then be offered, to April 1, new services very chic. As Jet Taxi, which for 2200 euros an hour, take four people in Le Bourget to the destination of their choice. Or the opportunity to attend events are difficult to access (the Grand Prix of Monaco Formula 1, the Cannes Film Festival …).

Extensions guarantees

Open doors to places or events was the confidential trademark of the very VIP Centurion Card from American Express. The same idea will wow now the holders of other cards. MasterCard has already embarked on this path, imagining private parties for its Platinum card holders who dream of visiting a quiet art exhibitions or attend concerts circle Payday advance. A taste for the Parisians, what awaits them when Paris will join the Priceless Cities program, launched by MasterCard in New York last summer and launched from London and Toronto. It offers cardholders Platinum – but for some offers, a Gold – privileges: previews or priority seating for events to, in the highest rated restaurants

.

"Exclusive offers, which consumers aspire today," says Francois Gandon, marketing manager of MasterCard France. Thus, the card interest is not limited to insurance they offer … even if they are perfected. Visa is for example to review his.  

The foreign assistance was not playing in the event of natural disaster? This exclusion has been removed. Children of divorced or separated parents received guarantees only if the parent traveling with the cardholder? They are now protected even if they move without him. "The goal is to avoid maximum disappointment of our customers, guarantees on misunderstood or exclusions that surprise them," says Emmanuel Robert, head of product offers from Visa Europe France.

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Profits up to the majors

 

An annual net income of $ 41 billion, up 34% over one year for the staff of the majors. The American Exxon Mobil in 2011 remained the world's leading oil company. The results reflect an exceptional year for all of the hydrocarbon industry driven by a barrel of Brent posting a record annual average price of $ 112.

Altogether, the net results of the ten important are around $ 200 billion. These figures however do not prevent spectacular analysts point several concerns about "Big Oil", the nickname of Western majors. The first production. That of the leader Exxon declined 10% (400,000 barrels of oil equivalent per day), that 3% of Chevron. "BP has also disappointed," said Luca Baccarini, an analyst with Energy Funds Advisors, an investment advisory firm specializing in the oil market. "The Western majors are struggling to renew their reserves and production, he says, and position themselves increasingly to natural gas."

These are national companies of producing countries that have the greatest potential for oil production, adds substantially Luca Baccarini. And example is the Brazilian Petrobras, Russian Rosneft or Colombian Ecopetrol, companies controlled by their respective states but publicly traded. Petrobras, including a woman, Maria das Graças Foster – unprecedented in this masculine world – just take the reins, saw its annual net profit to decline by 5%. At issue: the rising costs of exploration.

Chinese acquisitions

Chinese companies for their part, became for some years now the leading players, CNOOC, PetroChina and Sinopec continue to show strong growth primarily driven by acquisitions.

In addition to slower production of international companies, analysts point out the poor health that suffers refining in Europe and the United States of overcapacity and insufficient margins. "If you are in the upstream, to drill for oil, you make money, says James Williams, WTRG Economics quoted by the Los Angeles Times. But if you are in the downstream in refining, you lose. "

In 2012, the results of the oil companies should continue to be powered by a barrel high, around $ 100 (Brent crude exceeded $ 117 Friday), especially if tensions around Iran persist. And despite a forecast of weaker global demand anticipated, depending on the monthly report of the International Energy Agency on Friday. This should increase by 0.9% in 2012, of 800,000 barrels per day, 300,000 barrels less than in the projections published in January.

"France will not copy Germany"

 

• President Sarkozy does not want to copy Germany

Nicolas Sarkozy reaffirmed the importance of a strong Franco-German axis. "If Europe is strong today is because Germany and France have made compromises," the president said in an interview with Angela Merkel crossed, broadcast Monday night on France 2 and German TV ZDF. "Germany has made compromises on the government economic and France on budgetary discipline," he added.

"There is no question of copying the German model but converge to it. It is important to build on what is happening outside: we envy Germany in its ability to gain share of the export market, and Germany want our social model. "Criticized for its excesses rigor at the expense of growth, Merkel said simply: "It is harmful to oppose fiscal discipline and growth. The fiscal pact not against growth, "she said.

• Nicolas Sarkozy's admiration and friendship for Chancellor

Answering the question of his relationship with the German chancellor, the president told his feelings: "Yes I have admiration for someone who leads 80 million Germans during the crisis (…) yes I have an affection for her, "he said, insisting that he and Angela Merkel" N (s) here to (their) duty. "

• Angela Merkel supports political Nicolas Sarkozy

Monday morning, the German Chancellor has supported political candidate – not reported – for president Nicolas Sarkozy at the 14th Council of Ministers Franco-German payday loans with no fax.

In the evening, during this interview, she explained: "I support Nicolas Sarkozy on all levels because we belong to parties friendly." Merkel said that the French president had come to also support by participating in 2009 to one of his rallies in Berlin, a few months before his reappointment as head of the German government.

Asked about whether she will receive the socialist candidate for president Francois Hollande, Merkel said that "there is nothing to (was) decided yet." "Mr. Steinmeier [Social Democratic candidate for chancellor in 2009] had not been received in France," she said, adding: "We have other problems to solve."

• Nicolas Sarkozy defends Claude Gueant

"It's a ridiculous controversy," said Monday the head of the French state on the wave of indignant reactions provoked by the remarks of his interior minister, Claude Gueant, who said Saturday that "all civilizations are equal. " "The interior minister said that a civilization, a scheme, a company that did not grant the same place and same rights for men and women, it did not have the same values. It's common sense, "he said. "If we want to not argue, it would save us much time to lose," added Nicolas Sarkozy.

Greece: the banks will suffer losses "substantial"

Creditor banks in Greece will have to accept losses "substantial" in the new bailout of the country, known to be substantially revised over the deteriorating economic situation, warned Saturday the European Ministers of Finance. At a meeting of central bankers in the euro zone on Friday night, "we agreed to say that we had to have a substantial increase in the contribution of the banks' rescue of Greece, as a impairment of their claims, said the leader of European finance ministers, Jean-Claude Juncker.

According to diplomatic sources, the ministers agreed to effectively negotiate with the banks at a discount of "at least 50%" against a target of 21% decided on July 21 with the banking sector.They thus de facto endorsed the conclusions of an expert report which was presented by the troika of donor funds in Greece (EU, ECB and IMF). The paper believes that a discount of 50 or 60% hope to stabilize Greece without having to increase in the amount of gigantic international loans that have already been promised.

A "discount" is the term used in relation to the financial depreciation of the value of loans taken by creditors in this case private banks and investment funds that hold government debt. A discount of 50% of the private sector, the second program of public financial support pledged July 21 to Greece, however, should be slightly revised upwards with government loans (Europe and IMF) to 114 billion euros, against 109 billion euros at the time scheduled.To maintain the envelope of 109 billion euros unchanged, it would bring the discount to 60%, according to calculations by experts.

"It is also an effort by the private sector"

In any event, the second bailout in late July, just after the first amounting to 110 billion euros agreed in spring 2010, will have to be redesigned. "It's pretty clear that we need a substantial discount on Greek debt," also said Saturday the Swedish Finance Minister Anders Borg on his arrival in Brussels for a meeting with colleagues from across the EU."We will now work on a new plan in Greek and this new plan is true that there is a substantial effort to Greece again, there is an effort by European countries and will also require an effort of the private sector" said his Belgian counterpart Didier Reynders.

The question is whether the banks that have so far dragged its feet to give the pot, will accept a negotiated settlement does not pass through a default of Greece said "messy" serious consequences. "It's a negotiation s'entame," said Didier Reynders. In return for the effort required on the Greek claims, it is intended to recapitalize European banks to the tune of nearly 100 billion euros.The subject was Saturday in the agenda of the ministerial meeting, before a meeting in the evening between French President Nicolas Sarkozy and German Chancellor Angela Merkel and the EU summit on Sunday.

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"Recruitment is a balance of power"

Lefigaro.fr – The Mouth of Employment, Dominique Cros documentary, highlights humiliating recruitment practices. Is this common?

Geraldine Rieucau – No, of course. Recruiters are not disrespectful majority of candidates. Otherwise, they failed to provide proper offers. As everywhere, there are good and bad recruiters. But even if we should not generalize, this documentary is still evidence of practices that exist: infantilization of candidates, the will to destabilize the discrimination of certain profile, a contempt for the job seeker is attitudes that we observe, more and more.

Why?

There is always a balance of power between the recruiter and the candidate. The nature of recruitment created an inequality between the two parties. But several factors have increased the imbalance.The economic crisis first, which has intensified competition among candidates, and allows the recruiter to demand more from them.

And then for various reasons, recruiters are placing more and more importance to the personality of the candidates, so that this criterion sometimes takes precedence over qualifications and skills. And the grounds to see how a candidate is resistant to pressure, some were quick to destabilize or to make uncomfortable.

Consequence of these two factors, the motivation of the applicant has become an essential criterion payday advance low fees. But behind this concept, what the recruiter wants to know is whether it will be often enough finally available and ready to work overtime, etc..

Recruitment firms are more they implement these bad practices?

No, I do not think so. An employer, an HR department is just as likely to skid.But it is true that firms, whose service is costly, are often called upon to fill management positions in CDI. The recruiter will then spend more tests, more pre-select candidates … But be aware that less than 3% of hires are made via a recruitment agency. Conversely, 40% are the result of an unsolicited application.

The discourse on the fight against discrimination mean in reality?

For 10 years, recruiters are clearly more careful not to discriminate on criteria visible. But there are forms of indirect discrimination that persist and are very difficult to control. When an employer requires its future employee lives near his work, for example.

Overall, large firms have more ways to avoid discrimination.This often led to further standardize recruitment, to centralize procedures. The human resources sector has benefited: the U.S. example, the size of the sector and the influence of RH increased sharply with the policies of "Equal Opportunities".

The euro area ordered to do something about the crisis

The crisis in the euro area would feel it more outside the monetary union in its midst? In any case, Washington, Beijing or London that seem to come now calls the most vibrant in the action. The most brutal too, sometimes. "I see the European leaders roll up their sleeves," was exclaimed and Sunday on the BBC, the British prime minister. "The eurozone is a threat to itself, but also a threat to the UK economy and a threat to the global economy."

David Cameron is well echo the words of Barack Obama, who had created great excitement in the European ruling class last weekend.Europeans "through a financial crisis that frightens the world," declared U.S. President who is critical of the inertia of the Old Continent: "They never really occupied the challenges facing their banks," he explained.

Sarkozy-Merkel meeting

Both critics respond course to domestic policy concerns. Faced also with a very fragile economy, David Cameron and Barack Obama have a field day to continental Europe as a scapegoat. Still, they express anxiety was widely distributed across the planet. Meetings of the IMF and the G20 a week ago in Washington were the sounding world. "Europe is at a critical moment in its history.(…) If the decision comes too late, some members of the euro area will leave, "commented Saturday the People's Daily in China, setting the tone of urgency that the entire planet seems to inspire European leaders.

In the economic sphere too, the difficulties of the euro area crystallize the fears. What happened to Friday on Wall Street the big U no fax cash advance.S. bank Morgan Stanley is a striking illustration. Its action was unscrewed from 10.5% in a session on rumors of "exposure" to European banks.An "unofficial source" had to say that Morgan Stanley was exposed either to France or to its banks, the same tone that he employed was not so long on the market to talk about the subprime and other toxic assets! Also appear as irrational and epidermal such reactions, they show how much confidence moved against investment in the euro area.

It is therefore under considerable pressure that EU leaders will engage in an October "marathon". The meetings of finance ministers from the eurozone and the European Union on Monday and Tuesday should not be decisive. The meeting between Nicolas Sarkozy and Angela Merkel planned-probably 9 – will be much more. The Franco-German partnership will give "the" strategy of the euro area, for the top 17 and 18.With three main points on the menu: the treatment of Greek case, the strengthening of capacity of the European Financial Stability Fund, and the terms of consolidation of the banking sector. Part of this last chapter, however, also be written by the European Central Bank, possibly as early as its meeting on October 6. Indeed we expect the ECB to provide more oxygen to the banks as loans at least one year. Europe, she was again meeting with the rest of the world, November 3, G20 Cannes.

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