This is the official end of the series. After many adventures, the supervisory board of Areva on Saturday approved the capital increase of the group 900 million euros that was announced Friday by the Ministry of Economy.

"The supervisory board of Areva has reviewed and approved the launch of a capital increase of 900 million euros, representing 7.2% of capital at the end of the transaction, underwritten by: Kuwait Investment Authority (KIA), acting on behalf and on behalf of the State of Kuwait for 600 million euros, the French government for 300 million euros, "Areva said in a statement. "The French state and KIA have entered into a shareholders agreement providing for such stability of the involvement of Areva KIA capital for 18 months," the company said.KIA will not have a seat on the supervisory board of Areva cheap pay day loans.

A "Project Offer" for employees

According to the nuclear group, the operation will be followed by a capital increase in favor of holders of investment certificates listed in Paris "under the right anti-dilutive. To ensure long term liquidity of the securities purchased, the state pledged to make its best efforts to carry on trading shares in the first half of 2011, also recalls Areva.The group also confirmed its "willingness to initiate a tender offer reserved for employees when the shares will be listed.

In conclusion, Areva said that "these transactions will enable the group to strengthen its capital and pursue its development plan with a financial structure."

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On Thanksgiving Day, Thanksgiving Day holiday in the United States, falls on the fourth Thursday of November. The timetable was set by President Franklin Roosevelt in 1939 to facilitate Christmas shopping and help the economy out of depression. It is also the time when financial institutions begin to calculate the envelope of their employees bonuses. The year 2010 looks great. According to a preliminary investigation of the Wall Street Journal on 35 institutions, institutions of Wall Street should distribute some $ 144 billion of variable remuneration (bonus, bonuses and stock options) to all their employees. A little more than last year (139 billion). Reported to 175,000 financial account the state of New York, this is about 800,000 euros per person, the secretary to the boss.

Why such fees in investment banks? On the occasion of the publication of his "Moral report on the money in the world in 2010, the Association of Financial Economics, created by the Deposit in 1987, held last week in Paris a debate on this theme. No other industry is as generous with his employees. As noted by the Wall Street Journal, financial institutions distribute 32% of their revenues to their employees. Bonuses and other rewards are more than twice their own profits (61.3 billion dollars in 2010).From this angle, Wall Street is a form of "social capitalism" model.

Professor at ENSAE, Francois Meunier gives an answer in three parts: the "star system" boosts the salaries of traders, employees are in a strong position relative to the company that employs them; employees and shareholders find themselves " in collusion "at the expense of bank customers. Michel Camdessus, who has entrusted the task Bercy wage monitoring of market professionals, sharing the diagnosis. "The outsized salaries amounting to a profit sharing, protected by a downward force report very favorable to business," he wrote in the "moral Report 2010".

Paradoxically gains stars show no mystery. Francois Meunier invokes the "Pavarotti effect", named after the Italian tenor (who died in 2007), considered in his time as the most beautiful voice in the world.Occupational artistic and intellectual, it is usual that the first batch takes all. The public does not want him, and thanks to technology diffusion and globalization of markets, their earnings can be huge. "We do not replace a good trader by ten traders mediocre, which is true in many professions," says Professor Miller.

The primacy of employees traders on the capitalists – the owners of the company that recruited them – is more troubling. Certainly they have the know-how. But it is not patentable, unlike the pharmaceutical industry where researchers earn less than traders. The strength of these is that they have "treasure" of their bank. They are the "robbed" by leaving her, in the words of sociologist Olivier Godechot.Hence the gold bridges to keep them: Adam Levinson, an employee of Fortress Investments, in London, last year received $ 300 million of equity to stay. Capitalism seems to be returning to its origins, when the designated capital livestock units (Latin caput). Except that it now heads egg outputs of the best universities in the world.

Remains the key issue of customer billing required, the payer of last resort. Employees and shareholders are then "in cahoots" observes François Meunier. Witness the huge rate of return on capital that investment banks emerged. Not less than 22.5% (after tax) for Goldman Sachs in 2009.Financial innovations, commissions on the amount of indexed operations, solidarity between institutions to avoid breaking the price … All campaigns for that bankers hold the upper hand.

United States, the financial professions represent 10% of the wealth produced by the country (value added), but they accumulate 35% of profits in all sectors. Jean Peyrelevade, now president of the bank Leonardo sees a form of "predatory" (sic) applied to "real economy". He was surprised that banks "who refuse their loan clients to have debts of more than two or three times capital operate with leverage of around 20".Hence the comparison he dares with "shell game, a good example, albeit a bit extreme, an activity that can be delivered without fixed capital, without much labor, with a actual production of services to almost zero. " The former head of Credit Lyonnais, he was back on track, proposes to "toughen standards of equity (banks) and reduce (their) leverage to bring the average profitability of real economy. " A beautiful theme for reflection for Thanksgiving.

U.S. stock markets opened without direction, on Monday. The Dow Jones lost 0.12% to 11,393.50 points and the S & P 500 was down 0.04% to 1222.73 points, while the Nasdaq Composite advance of 0.08% to 2582.23 points. On Monday, in the absence of macroeconomic news, Wall Street has ended the session on a hesitant note. The Dow Jones lost 0.33% at 11,406 points, the Nasdaq rose 0.04% to 2580 points while the S & P500 fell 0.21% to 1223 points.

Previously, carried by the support measures by the Fed to the U.S. economy and the Republican victory in the elections of mid-term, the S & P 500 had jumped 3% during the last week and over 16% since the beginning of September. But now Wall Street has some difficulties to continue unabated.

The dollar continues its momentum

The event promises to be significantly reduced this week at the New York Stock Exchange, Thursday, November 11th is holiday in the U.S. for the Veteran's Day. On Thursday, the NYSE, NYSE and Amex Nasdaq will be open, but bond markets will be closed. Stagnation is also reinforced by the expectation that the G20 will be held in Seoul on Thursday and Friday.

On the foreign exchange market, the euro was still down against the dollar late Tuesday morning, moving around the threshold of 1.39 dollar because of concerns about the fiscal health of some countries in the euro area.Around 11:00 am in Paris, the European single currency was worth 1.3921 dollars against $ 1.39 the previous evening.

The side of values, Bank of America (Bofa) (-0.06% to 12.59 dollars) will sell more shares BlackRock (-2.02% to 165.68 dollars) than initially announced the first manager assets worldwide, on Tuesday before the opening of Wall Street. Bank of America will sell 51.2 million shares, or 2.4 million shares of more than initially envisaged. The bank would thus be able to earn about $ 8.3 billion at the time of disengagement.

Sanofi-Aventis (+0.42% to 35.66 dollars) on Monday urged the leadership of the U.S. laboratory Genzyme (-0.04% to 71.03 dollars) to forego protective measures against the takeover bid at 18 , 5 billion which it launched in early October, calling to let shareholders decide "for themselves" the fate of this offer pay day loans.In response, Genzyme reaffirmed that the price of 69 dollars per share the offer was not the "appropriate starting point to begin discussions."

The U.S. conglomerate General Electric (GE) (+0.42% to 16.78 dollars) announced Tuesday that it plans to invest more than two billion dollars in two years in China, especially in research and development.

AOL is considering a merger with Yahoo

AOL (0.94% to 26.35 dollars) confirmed it had appointed Bank of America to consider several strategic options, including a possible merger with Yahoo, according to sources familiar with the matter. The idea of a rapprochement between the two groups would still in its infancy and that there was no guarantee that it leads to an agreement.

Microsoft (0.81% to 27.03 dollars) will launch tomorrow in Europe KINECTS, its new tool to do without any accessory on Xbox 360.The U.S. giant is the last of the three console manufacturers to try their luck in the detection of movement after the Nintendo Wii in 2006, which opened the market to the general public, and the Move by Sony in September 2010.

The CEO of U.S. computer Oracle (+0.41% to 29.16 dollars), Larry Ellison, said Monday at four billion dollars the damage caused by an acquired company a few years ago by its German rival SAP, TomorrowNow. Testifying at a trial in Oakland, California, Larry Ellison said that since TomorrowNow had unlawfully appropriate technologies Oracle, SAP was able to make it easier for customers.

Ambac has filed for bankruptcy

The troubled monoline Ambac (-55.73% to $ 0.23), a victim of the financial crisis, said Monday it filed for bankruptcy and put himself under the protection of the bankruptcy law.He was unable to raise capital that would allow it to meet its obligations.

Also note, the group Amazon Web (+0.52% to 172.89 U.S. dollars) Monday announced an increase of fees it pays to newspapers and magazines available on its Kindle digital library. The latter will receive 70% of revenues from December.

New outbreak of labels in civets. Cigarette packages will sell on average 30 cents more starting Monday, up about 6%. The ministerial order determining the increase, which comes almost one year to the day after the previous increase, was published Saturday in the Journal Officiel.

Baroin confirmed by the Minister of Budget, mid-September, this translates into higher prices for the state by 660 million euros in additional tax revenue per year. Thus, according to Bercy, the state revenue under the law of tobacco (excluding VAT) are expected for the first time in 2010 exceeded 10 billion euros.These funds are all allocated to social security budget and will be distributed among various funds.

An increase in "moderate and reasonable"

For Baroin, responsible for registering price changes desired by manufacturers, this increase is "moderate and reasonable" and therefore consistent with the Cancer Plan 2 of President Nicolas Sarkozy. An argument is unconvincing associations fight against smoking, that an increase of less than 10% has no effect on consumption, and therefore on public health, then that smoking causes 60,000 deaths a year France.

On its website, right of nonsmokers (DNF) even asks the government and the president of preferring "an increase of 60 cents every two years" rather than "small increases of 30 cents per pack of cigarettes each year. "French Office for the Prevention of Smoking (OFT), "this increase requested by the tobacco industry is calculated to the penny so as not to reduce consumption."

Tobacconists fear yet the impact of this increase in tobacco prices. According to them, it's not just a "dance labels. With this increase, "it is a network that could pitch," said the Confederation of tobacconists. For the profession, rising rates could "restart the procurement of cigarettes outside the formal network. That is to say across borders (Spain, Belgium, Germany) where cigarettes are 20 to 30% cheaper in a hurry or on the Internet.

Fears tobacconists

According to Pascal Montredon, the patron saint of tobacconists, "18-20%" of cigarettes smoked in France were not purchased in any of 28,000 tobacconists.He requested a formal study on this phenomenon. For their part, manufacturers evaluate different surveys between 12 and 22% off purchases of the official network.

On 9 November 2009, tobacco prices had already étérelevés about 6% increase already criticized by anti-tobacco as too weak to be effective in terms of public health. This increase was also not significantly changed sales tobacconists who fell by only 0.2% over the first eight months of 2010 compared to 2009. Data dubaromètre health 2010 show that tobacco consumption has increased by almost 2% between 2005 and 2010.

MPs recently rejected an amendment by Yves Bur proposing to overtax the profits of manufacturers. Next step, photos shock will be mandatory at the back of every packet in April. And the government continues to consider a generic package, without any logos or color.

(With AFP)

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RATP announced a traffic normal or near normal across its network this Thursday. But it was not counting interventions protesters to disrupt the organization of railroads in the Ile-de-France. Several spontaneous movements have forced the RATP to change his schedule on the RER lines A, B, C and D. While on the E, a second train is scheduled during peak hours.

RER A

Due to the presence of protesters to file Achères, traffic is disrupted on the line A of RER, RATP announced on its website. "Significant delays and losses and changes in service are expected on the branches Poissy and Cergy-le-Haut."

RER B

RATP has triggered security measures related to the presumption of danger on the track. Trains with delays of 20 to 30 minutes.Deletions and changes to service are expected.

RER C

"Due to flooding of the switching station from Paris Austerlitz by protesters, traffic was disrupted on the RER C line," said RATP. Train traffic was halted on the entire line on Thursday morning, but traffic resumed gradually in the late morning.

RER D

Even if only for the RER B line is very upset because people on the road.Trains with delays of 30 to 45 minutes and deletions or modifications are possible feeder throughout the line.

• SNCF

While the looming Halloween holidays starting this weekend, the station announced Thursday for a new and slightly improved traffic and prepare a TGV service near normal for departures on holiday from tomorrow, Friday.

"However, the railway network of RFF (Réseau Ferré de France) and SNCF trains and facilities have been the subject yesterday of malfeasance and obstruction of traffic that penalize travelers," denounces the station.

This morning, shares of blocking traffic and have severely disrupted rail traffic in Ile-de-France on several points in the network RFF (Achères Dourdan Dies, Monceau, Paris Austerlitz), and station facilities in Mitry and Montparnasse station.Similar actions conducted in several regions and cities including Chartres, Metz and Dunkirk make it more difficult commuting on line pay day loans users. These acts are the work of isolated groups, gathering protesters and some railroad, the SNCF said.

To recall, the turnout in the strike against renewed inter pension reform was established yesterday, Wednesday, at 15.68% for all staff, said the executive.

Besides these occasional disturbances, according to a statement from the station, traffic is disrupted on Thursday:

At the national level

-TGV Paris-province: two trains on three

TGV-province to province: a second train

– For B: a second train.Connections with TGV are not guaranteed.

– To Corail trains: four out of ten trains

– For Intercity trains: almost a second train

– Téoz: more than four out of ten trains

– Traffic and Paris Nice Paris Nice: the normal night of October 20 to 21.

Transiliens

– Six out of ten trains at peak. Additional trains are likely to be put into circulation. Traffic on the RER A is normal.

At the international level

– Eurostar: Normal

-Thalys: near-normal service

– ICE TGV (France-Germany): Normal

-TGV Lyria (France-Switzerland): normal traffic

– To Italy: A roundtrip Paris-Milan will be provided for the daytime traffic.

Traffic-other international trains uninsured.

– Traffic Lunea night: no traffic on the night of October 19 to 20.

SNCF said that while ticket lines will be valid during the period, board any train traveling on that day about the relationship in question.Customers preferring to cancel a trip with a reservation for a train of the period may do so without charge at the counter, whatever the price.

• Information

http://www.sncf.com

http://.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 real-time access to information on mobile.

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

The first parades were shocked on Saturday morning. According to the CGT, they are 229 processions which are held across France against the pension reform. At midday, the interior minister counted "nearly 380,000" protestors across France, which "observes a lower participation" to that of 23 September when 410,000 people demonstrated.

This estimate is observed down "even though the number of rallies Saturday morning was more important than 23 September," said the Interior Ministry. 150 rallies were reported Saturday at noon, against 110 on Sept. 23 at the same time of day.

In larger cities, from Paris to Nantes via Marseille or Lyon, the demonstrations were to begin at 2:00 p.m. or 14:30.

Heavy rains in Western

On the morning parade, the record seems mixed.In the South, the figures appeared in line with previous demonstrations. But in the West, heavy rains were due to the objectives of trade unions to mobilize a more family audience.

In Rennes, 20,000 people according to the unions marched through the streets of the city, a significant decline from the previous day of action on September 23 (35,000).The police, who had recorded 18,000 participants ten days ago, was unable to provide figures at 13.00.

A decline of 40% on average was also found in most smaller towns in the area where demonstrations were held in the morning.

In contrast, in the Cotes d'Armor, prefecture and unions reported increased participation in Saint-Brieuc ("over 10,000" protesters, according to the prefecture, and 45,000, according to the CGT), Lannion and Dinan.

In Toulouse, the police had 28,000 demonstrators, unions 125,000. In Clermont-Ferrand, there were late morning nearly 20,000 demonstrators, according to the continuous news channel LCI. In Nice, the procession was almost as provided that during the last day of action on September 23 (7,000 according to police).

In Draguignan (Var), more than 2,000 people demonstrated according to police, more than 2,500 according to organizers, while in Ajaccio, the protesters were, according to authorities, nearly half as many as there are ten days (1,500 instead of 2,800). In Béziers, the parade was dense, collecting nine protesters cash advance today.000 by SGC (23 September 9500 by the same source).

A Mende, capital of Lozere, which has 12,000 inhabitants, 2,000 persons were in the streets according to organizers, 1,400 according to police. Among them, many people working in the private sector, according to an AFP correspondent.

"Significant interest"

The Government is aware that the movement would grow at the start of the weekend. "I expect a substantial stake.This third event is organized in a slightly different weekend so it's pretty consistent there may be rather more people, because people do not work will decide to participate, "acknowledged the Secretary of State for Public Georges Tron, on RTL.

"It does not offend me at all that women and men express a concern and may require improvements," he added. But "you can not save the pension system if we do not pass this reform," he stressed.

Text "improved"

The government change there text based on the magnitude of mobilization? "You can never say that," protested Georges Tron. "We've improved the text each step, there are events or not.(…) In the National Assembly, there were still three or four important amendments tabled which improved the text "and the Senate Committee on Social Affairs," three measures have substantially improved the text "for disabled workers for asbestos victims and the unemployed in late fees, detailed the Secretary of State.

For its part, the secretary general of the CFDT Francois Chereque argued that the movement had the support of "70% of French people," citing a CSA poll for Humanity on Saturday.On the antenna of Europe 1, he said that if the mobilization exceeded that of 23 September that "it will be super win, but it is clear we are in a longstanding trend."

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lefigaro.fr / jdf.com – The latest survey by the Organisation for Economic Cooperation and Development (OECD), Turkey could display one of rates of growth highest in 2010. Can you imagine growing "Chinese" for this country?

Astrid Fredericksen – The growth rate of gross domestic product of Turkey published the first and second quarter (11% and 10.3%, Ed) are, indeed, impressive and unexpected. The economy seems to have fully recovered from the losses inflicted by the crisis of 2008-2009. However, I do not think we can speak of "growth with Chinese characteristics" for this country. Unlike China, Turkey will have difficulty maintaining a sustained growth as high. The fragility of the European economy and rising oil prices could negatively impact the progression of growth in Turkey.The country is considering taking steps to reduce its dependence on exports by boosting domestic demand, for example.

The gross domestic product of Turkey has yet recorded the same growth rate as China in the second quarter.

Certainly, but Turkey has suffered more from the crisis as China. There is therefore a favorable base effect explaining these very good figures of the Turkish economy. Both engines of growth in Turkey that are capital expenditures (+8.9% in the second quarter and 29% over one year, Ed) and domestic consumption (4% in the second quarter and 10% off one year rolling, Ed) in 2011 should slow down and return to normal levels.In this context, we expect a slowdown in more than a deceleration of the Turkish economy in 2011.

Have you been surprised by the reaction of financial markets to the success of the constitutional referendum (the Turks agreed to 58% on September 12 last, the revision of the Constitution)?

No, to the extent that investors appreciate political stability engendered by a plebiscite of the action of Recep Tayyip Erdogan (Prime Minister of Turkey, Ed). They welcomed the measures taken by the Government to facilitate integration into the European Union. For the Turkish financial markets, politics is just as important as the macroeconomic outlook.

What is the composition of the MSCI Turkey (stock index measuring the performance of stock markets in economically developed countries)?

Financial stocks (banks and insurance companies) accounted for 50% of the MSCI Turkey divided as such: two thirds for banking stocks and one third for insurance companies. This is not a handicap, since, like all emerging markets, the banking system in Turkey is healthy. Because the business model of banks * is simple: their net bank are largely generated by the equipment household commodities (deposit accounts, method of payment, loans …). And then, like other emerging markets, many large family holdings are listed in Turkey, but their floating is not very high, unlike banks privatized.The market capitalization of Turkish banks are still relatively modest compared to other emerging countries: the largest Turkish banks weigh the equivalent of 17 billion euros against roughly 71 billion dollars (about 54.4 billion euros) Brazilian bank, Banco Bradesco.

Why did you choose to include Turkey in your "pocket" on Russia?

For the simple reason that our funds "BRIC", we wanted to diversify our mandates. Due to the encouraging outlook for the economy, we preferred to associate Turkey to Russia rather than a central European countries. The "pocket" of our Russian funds "BRIC" is up 20% of Turkish equities. This figure is steadily increasing for three years and has reached almost its maximum.

Therefore, in order to strengthen, we will transfer it to another term that we created, "Africa and the Middle East." We will integrate, in addition to Turkey, the United Arab Emirates, Dubai or Qatar for the Middle East, and Sub-Saharan Africa for this region. In the meantime, we do not reduce our "pocket" of Turkey, by the end of the year. For 2011, we see based on the macroeconomic outlook. But we can not exclude that the pace of growth in Turkey to continue. Turkey remains a "pocket" of diversification.

It's official: the economy in the euro zone will be better than expected. The European Central Bank has acknowledged Thursday by raising its growth forecast for 2010 and 2011. According to new figures, the business would grow in 2010 in a range between 1.4 and 1.8% from 0.7% to 1.3% estimated earlier. By 2011, growth would be between 0.5% and 2.3%, against +0.2% +2.2% previously.

"The range of real GDP growth this year has been revised upward due to stronger than expected rebound in economic growth in the second quarter and better than expected trends observed during the months of summer," explained the ECB president, Jean-Claude Trichet."For 2011, the band has also been revised up to reflect mainly the lingering effects of the stronger growth expected in late 2010."

Uncertainty

Despite these upward revisions, "uncertainty continues to prevail," said Jean-Claude Trichet nuanced. On the other hand, "the resumption of activity should be constrained by the process of balance sheet adjustments in various sectors and the prospects of the labor market."

Especially, the growth differentials are widening between the different countries of the eurozone, economists noted. When Germany led the run with 2.2% growth in the second quarter, Greece sinking into recession with a decline of 1.5% of GDP. Same trend for national unemployment rates. In these circumstances, the ECB's strategy looks complicated.

This is not a problem, "replied Jean-Claude Trichet: the Fed, the U.S., is in the same position for decades with 50 states. "Over the past decade, the lowest growth of a U.S. state was 0.9% (Ohio) and the highest 4.7% (Arizona). We observed the same discrepancy in the euro area over the same period, "argued the president of the ECB. Same thing for the unemployment rates have spread from 3.5% to 14% depending on the states. Again, we found the same range in the Eurozone. "

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 Paris Bourse ended the session on Monday in the green: +0.8% to 3635.86 points after having doubted almost the entire session. The CAC 40 was indeed long hesitation on the way forward following the release Friday of "stress tests" conducted on 91 European banks and published Friday after the stock market. Only seven institutions have failed, which means a respectable success rate of 92%. However, 17 banks post notes just averages. What a cool little enthusiasm.

Finally, Paris has chosen the rise. Like Wall Street, Friday, which had been optimistic, although Asian markets were more hesitant.

No macroeconomic indicator was expected in Europe.But the United States, sales of new houses in the U.S. rebounded more than expected in June, from 23.6% in May after hitting their lowest level since 1963 at least, but still extremely low, according to official figures released Monday in Washington. The news bolstered Wall Street upwards.

As for currencies, the euro climbed slightly against the dollar: + 0.53% to 1.2980 dollar.

Featured Banks

Who says interpretation of "stress tests", said reaction of the banking sector. At the Paris Bourse, the French banks took off and pulled the score up: +7.75% Dexia, 5.24% for Societe Generale, 3.12% for Credit Agricole, 2.37% for BNP Paribas and 1.91% for Axa.For the Minister of Economy Christine Lagarde, have no fear: French banks have succeeded in "this difficult test with flying colors, with honors.

The car values have also boosted the index: 1.65% for Peugeot, 1.58% and 1.28% for Michelin for Renault.

In red lantern ACC, a troucve STMicroelectronics: 2.34% to 6.34 euros.

Sanofi-Aventis lowered its earnings forecast for 2010

Sanofi Aventis (+0.16% to € 45.58) announced Friday that the first generic version of the anticoagulant Lovenox has been approved by the Food and Drug Administration (FDA). The supply of the generic, marketed by Sandoz in association with the American company Momenta began in the wake of the approval by the FDA.The news had tumbled 4.25% securities at the close Friday because the Lovenox was the second top-selling drug from Sanofi last year. In a statement, Sanofi-Aventis recalls his "reservations" about the approval by the FDA in regard to "patient safety".

The pharmaceutical group revises accordingly its earnings forecast downward, with "an evolution of the EPS of activities for 2010 of between 0% and -4% compared to 2009 at constant exchange rates. A turnaround from last April when Sanofi evoked a growth in earnings per share from between 2% and 5%.In addition, Sanofi would have views of the U.S. biotech Genzyme after the Wall Street Journal.

Fimalac (0.95% to 31.29 euros) on Friday issued after the market closes up its turnover by 6.9% to 443.2 million euros in the first nine months of its 2009-2010 ended September 30.

April Group (1.73%) and Faiveley (-0.29%) publish their turnover in the first half after the stock market. Icade (1.84%) and Klépierre (+0.6%) at the same time unveil their interim results.