Wall Street has assembled a few more points - April 14, 2010

The U.S. stock markets have recently experienced six consecutive weeks of increase continues its momentum. The Dow Jones certainly opened down 0.07% and the Nasdaq 100 0.11%, but the disappointment of Alcoa's results did not last.

At closing, the indices respectively closed up 0.12% at 11,019 points – allowing it to bind a new top-most since September 2008 – and 0.33% at 2466 points. The S & P 500 just to cross the 1,200 points, and insicrit an increase of 0.07% to 1197 points.

On Monday, the Dow Jones gleaned 0.08% to increase the threshold highly symbolic 11 000 points for the first time since September 2008.

The eyes are now riveted on the release of Intel's after-hours trade, which will sign a series of results from technology stocks.

The euro steadied against the dollar Tuesday, the foreign exchange market remaining cautious vis-?-vis the funding prospects of Greece, despite strong demand for Treasury bill issuance Greek, and after jumping through the day the announcement of details of rescue plan for Greece.

Oil continued to fall

Side oil, black gold connects its fifth session of declines, traders are concerned about the continuing rise in oil stocks in the United States.

On the New York Mercantile Exchange (Nymex), a barrel of light sweet crude for May delivery finished at 84.05 dollars, down 29 cents from the previous day.The courses, which had exceeded $ 87 last Tuesday in New York for the first time in a year and a half, have lost about three dollars in five sessions.

The U.S. Department of Energy shall broadcast Wednesday's weekly statistics on trends in U.S. oil reserves, and analysts expect the announcement of an eleventh consecutive week of increase in crude inventories.

Palm loses ground after a flight

The week will also be crucial for the U.S. markets with the opening ball of the quarterly results. As usual, the aluminum giant Alcoa (-1.58% to 14.34 dollars) which gave the start of the season publications, Monday after the market closes. The U.S. producer of aluminum remained in the red in the first quarter, however, divided more than double its loss a year.Alcoa recorded a net loss after minority interests of 201 million over the first three months of the year, against a deficit of $ 497 million a year earlier.

Today, the computer chip manufacturer Intel (0.98% to 22.76 dollars) will follow. The next week will be hosted by Google's quarterly results (2.45% to 586.77 dollars), General Electric (1.33% to 18.96 dollars) or JPMorgan Chase & Co (-0, 61% to 45.86 dollars).

Always on the side of values, yesterday, the U.S. oil group ConocoPhillips (-0.52% to 55.67 U.S. dollars) has announced the sale of its Chinese Sinopec stake in Canadian oil sands project Syncrude for $ 4.65 billion dollars (3.42 billion euros).This is one of the largest investments ever made by China in North America.

The manufacturer of PDAs and mobile phones Palm (-14.67% to 5.16 dollars), would seek a buyer. Bloomberg said the investment bank Goldman Sachs and Qatalyst Partners were commissioned to find a buyer to the manufacturer of smartphones in serious financial trouble. Action Palm and jumped over 17% Monday to the New York Stock Exchange.

Axa fans the flames in the capital - April 12, 2010

The wind blows hard recovery Axa Private Equity. In recent months, the French giant's capital is moving on all fronts. His latest feat of arms should be implemented by mid-May through the acquisition of travel booking site on the Internet Go Voyages. As announced in Le Figaro on Friday, the fund has topped the pole Axa Permira and Carlyle to enter into exclusive negotiations with the duo of Groupe Arnault and CNP, a holding company owned by the Belgian financier Albert Frere. The deal would value Go Travel between 300 and 350 million euros.

"We have built for years a strategy of diversifying geographically and by business line (investment, direct fund of funds, infrastructure …). The crisis has largely confirmed our choice ", says Dominique Senequier, who chairs AxaPE.With 25 billion dollars of assets in the portfolio, AxaPE plays in the yard of the largest global funds and in France is arguably one of the "winners" of the crisis. "The rise of AxaPE has been facilitated by the particular difficulties of PAI," said one investment banker.

In February, AxaPE Spotless sold, the manufacturer of Water Scarlet, to BCPartners for nearly 600 million euro cash advance america. Its collection infrastructure is also left on top speed. Allied to the Deposit in a consortium led by Vinci, he won the huge contract in late March from 7.8 billion euros to build the TGV Tours-Bordeaux.A month and a half earlier, Vinci and AxaPE were also selected, this time to install a GSM network in the trains, a contract for 1.4 billion euros.

Negotiations with KBC

As for funds of funds, a job that involves identifying the best managers to invest in their funds, AxaPE poised to grow. The group has entered into exclusive negotiations with NatixisPE in February to resume portfolio (valued 543 million euros) iXEN, NIPartners and Initiative & Finance. Axa is also advanced negotiations for the acquisition of part of the portfolio of 300 million euros at KBC.

"We now have 7 billion dollars in cash. We can move very quickly on opportunities, "says Dominique Senequier.Asked about the likelihood of a sale of its entity by the parent, the insurer Axa, the ruling notes that "AxaPE is part of the multi-expertise of AXA Investment Managers.

Pensions: Kickoff is given -

The heating is completed, the observation round begins Sunday at 8:30. Labour Minister, Eric Woerth, officially begins the pension reform. Accompanied by his Secretary of State for Public Administration, Georges Tron, he receives throughout the day, rue de Grenelle, leaders of trade union confederations and employers.

These appointments were, in principle, a specific purpose: to expose government stakeholders and especially the method of the calendar months. In the method, it is clear that it will be a consultation and not negotiation. The Executive will not seek to sign an agreement with unions he knows already lost the bet and try to get, at best, the benevolent neutrality of both restrained anger of others …

On the calendar, some guests Eric Woerth has already been informed of the broad potential.Except reversal, the government is a parliamentary debate early in the fastest possible in September. To avoid giving the impression to "trap" the French text, revealing a heart of summer, this would require legislation by the Cabinet in late June and early July.

In this context, the Minister of Labour should offer to unions and employers to review in early May to scan all possible to rectify the accounts, then dig in some more detail in a few weeks later. This agenda will not prevent small employer and union representatives today to remind the Minister priorities. Starting with the maintenance of the legal age of retirement at age 60 for all unions except the CFE-CGC."It is vital that young people regain confidence in our pension system, said the representative of the union executives, Daniele Karniewicz. If the government is prepared to guarantee to every French pension representing a minimum percentage of their final salary, that percentage could be higher for minimum wage earners than for executives, then we are prepared to look hard. "

"Taking the specific

If the file pension remains explosive, the Elysee seems to send some recent signs of goodwill towards the unions. Nicolas Sarkozy has discussed the idea of relaxing, it was minimal, the tax shield, which would allow the "efforts" necessary to save the pension to be borne by all.

Aides to Bush also raised the possibility of a levy on certain specific categories "of people.Tracks that can only talk to the CGT or CFDT, who constantly demand the abolition of the shield, or TF requires additional resources for retirement.

Another element could help to relax the atmosphere a little: the unions know that the documents be published on Tuesday Guidance Council pensions-that is the second highlight of the week will go less far than expected. The NRC will assess, as expected, "the extent of damage." In recalling an annual shortfall of 100 billion euros to balance plans in 2050 in late January in Le Figaro, Francois Fillon has already set an order of magnitude.

However, encryption of 7 scenarios for postponement of retirement age or longer duration of assessment is delayed two weeks at least. And it will be published as part of an "Attachment", supposed to have less power than a traditional formal report.There are a few more days, Jean-Christophe Le Duigou (SGC) raged against "these extravagant hypotheses tested without scientific rigor." But this time might amount only to fall to jump better.

A deep left-right

According to a Harris Interactive poll for RTL (online survey 8 and April 9 to 1 073 people quota method), the French consider it necessary to pension reform (80%) … but to show opposed to preferred by the tracks government. 56% say they are not "personally willing to contribute for longer" and 60% rejected the idea of lower legal age of retirement.

These two cases show a deep political divide. The left-wing supporters refuse to 78% as the legal age of retirement is down beyond 60 years. The supporters are right whereas 62% consider this track.Oddly enough, a story appears, however, collect some consensus: 87% say "right" but 77% of respondents 'left' are in favor of "a pension plan for employees in the same public and private . That would still be, from a strictly technical point of view, one of the most complex to implement!

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Mylan generics in France champion - April 9, 2010

Like many manufacturers of generic drugs – legal copies of original drugs – Mylan is unknown to the general public. Yet the number one generics in France, with a market share of nearly 30% in pharmacies, and the third lab by the volume of drugs sold. In 2009, Mylan has sold 210 million boxes in France and its turnover of 754 million euros, increased by 15%.

For the whole group, the turnover reached 5.1 billion dollars (3.7 billion euros) and net income of $ 582 million. The company listed on Nasdaq is the third generic manufacturers in the world behind Israel's Teva and Novartis subsidiary Sandoz. Pride of place on a huge market.Drug sales amounted last year to 752 billion, said yesterday Didier Barret, president of Mylan Europe, Middle East and Africa, and generics are an important part. In the U.S., they reached last year 71% of sales. The value of generic, cheaper drugs under patent, represents a much smaller share of the pharmaceutical market.

Thus, while they represent 50% of the volume of drugs sold in the EU-27, they weigh only 18% of total sales. A shift appreciated by European governments who save through the credits, 25 to 30 billion euros per year. In France, Social Security has reduced its costs last year of 1.1 billion euros. One third of this gain has been achieved with Mylan.

EADS is looking for U.S. suppliers - April 8, 2010

The aerospace group EADS, Airbus's parent company, is actively seeking new suppliers in the United States to answer the call for tenders for tanker aircraft for the U.S. military after its U.S. partner Northrop Grumman has agreed to withdraw . This tender covers nearly 40 billion dollars.

According to the Financial Times, EADS is in talks with U.S. company L-3 Communications, which specializes in security and communications networks currently payday loan.The company could take the decision to go ahead next week.

EADS won the Pentagon within 60 days to present a possible new record for this tender was to be closed on March 31 last.

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Sharp launches a small screen 3D without glasses - April 5, 2010

The story accelerates. This Friday, the Japanese group Sharp has introduced a tiny touch screen, color, reproducing 3D videos. The big innovation is that this screen does not require glasses. A step that should be taken seriously. Unfashionable as it may eventually large screen televisions in 3D now being launched in the U.S. by Samsung and Panasonic but need to don special glasses.

However, to see the effect in relief, it is necessary to be right in front of the small screen, 30 cm apart. "We can only produce small screen in this technology. In addition, 12.7 cm diagonal. It must be well in front, otherwise the perception of 3D fade, "says Patrick Chardin, director at Sharp France. To develop its new technology, the Japanese group has improved its previous innovations.Three years ago, in Tokyo, Sharp has introduced an innovative technology which allowed three people to watch at the same time, a different program broadcast by the same TV, depending on the position of each face on the screen. Each point on the screen was broadcasting a different image depending on the viewing angle of the viewer.

According to this principle, with an image emitted for each eye, the semiconductor division of Sharp has designed its new 3D display device called an "interlaced effect. The additional cost compared to a conventional screen is not excessive.For the screen in landscape consists of a conventional LCD panel on which is placed a filter.

Nintendo

But because of its limited size for the 3D effect, "we focus on three markets: portable gaming devices, smartphones (note: mobile phones for surfing) and embedded screens, such as GPS in cars" said Patrick Chardin payday loans.

Production should begin in September. One of the first objects that can use this technology should be the next portable game console, Nintendo 3DS, announced last week and promised for 2011. For its previous screens of the DS, sold 125 million units, Nintendo had already appealed to Sharp as a supplier.

Nintendo's next console will be presented in June in Los Angeles at E3.The Japanese group said the old games the DS can be reused on its future console. With 3DS, the group led by Satoru Iwata will take another step ahead of the Sony PSP (67 million), which was sold two times less than the DS. In addition, the CEO of Nintendo will reduce competition from the iPhone and iPod Touch which guests are on the market for portable game consoles.

Moreover, it could sell 78 million smartphones equipped with 3D screens by 2018, says DisplaySearch.For now, only one mobile is sold only in Japan by Hitachi, with a 3D effect without glasses.

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The Paris Bourse, quarterly review and outlook - April 3, 2010

Between January 1 and the opening March 31, 2010 at the close, the CAC 40 rose from 3974 points to 3936.3 points. The benchmark index of Paris has "saved the honor by posting a quarterly increase … 1%. Over the period, the Paris stock exchange has hit a ceiling at 4045.14 points, and broke the 3,600 points (up to 3563 points) during the month of February. A substantial gap of nearly 500 points.

On Wall Street, the quarterly performance of the Dow Jones was 4.1%, the S & P 500 by 4.9% and the Nasdaq 5.7%. The three indices are changing around their highest levels in eighteen months.

The U.S. employment figures on the radar screens

For this Easter weekend, financial markets are closed Friday and Monday.As a result, the report on employment in the United States does not have its usual role of "market mover", that is to say strong influence on investor sentiment and therefore the indices dung beetles.

It could affect the opening and the trend on stock markets next week. "Investors need to be reassured about the strength of the U.S. economy. The employment statistics are a key indicator ', warn analysts Aurel BCG.

The consensus expectations are high: 180 000 new jobs. They reflect the expectations of hiring by the Census Bureau for the 2010 census and the reintegration of excluded jobs from the February estimate because of snowstorms.

For Aurel, "these forecasts seem overly optimistic." And ADP announced Wednesday 23,000 job cuts in private in March, while the market anticipated 40,000 new jobs.Caution is therefore on the eve of the long Easter weekend.

The 07 will be arriving in May on mobile - April 2, 2010

Shortage of 06 in sight. With a growing number of mobile customers, operators are back to the wall: they have but of 06 enough in stock to meet demand opening line. Of the 100 million initially available, this number had already more than 10 million in early 2009. Given that 3 million of them are reserved for new entrant Free, it is urgent.

Anticipating the facts, the Regulatory Authority for electronic communications (Arcep) decided last year to open a new slice numbering. It will come into force from 3 May. On that date, any new client Bouygues and Orange will have a mobile number starting with 07. SFR wait for mid-July.

The 06 will survive much longer

This change in the mobile world will not cause much loss to total 06 in the years close.Indeed, when a customer will change mobile number, his old number 06 will be retained by around 6 months by the operator who can then reassign it to a new customer. In addition, all customers will retain their current number 06.

The 10 million of 06 remaining stocks will be allocated to new customers but also customers to 3G keys and all those that have computers connected on line pay day loans.

Avoid misunderstandings

At two months of launch, operators have only one concern: to prevent consumers associate the 07 to a premium number. Their experience with 087 assigned to their ADSL customers left a bitter taste. In December 2005, Arcep had in fact authorized operators to assign a number starting with 087 for their customers Voice over DSL box.The failure was total, involving all the users 08 to premium-rate numbers. Four years later, 087 were replaced by 09.

To ensure that history does not happen with mobile phones, operators are now launching a comprehensive plan of communication with customers and media. But they believe the risk of confusion should be less because the 07 is a continuation of 06. The market has in any way other choice but to find an alternative to the traditional prefix. A study of Bouygues Telecom, the mobile number needs to be 72 million by 2020.

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