The luxury cars are unaware of the crisis - September 16, 2011

Car manufacturers ultra-luxurious living on another planet. The downside risks, of concern to general groups, do not seem to disturb them. Concessions in the Ferrari, "consumers are not worried about a recession. The last I saw did not look desperate, "said Sergio Marchionne, the CEO of Fiat, at the Frankfurt Motor Show.

The Prancing Horse brand also provides for a new record this year by selling 7,000 cars, against 6,570 last year. Ferrari is also counting on a profit before tax "significant", following an increase of 23% in 2010 to 302 million euros. "I'm not worried because we have quality, exclusivity, a strong brand and innovative technology," said its president, Luca Cordero di Montezemolo.

It is the only one to be extremely confident.Rolls-Royce (BMW Group), whose boss, Torsten Mueller-Oetvoes, said he was "optimistic" about prospects for its niche, also wants to exceed its historical performance of last year (2711 cars). The luxury brand will invest 11.4 million euros to expand its plant in Goodwood English and plans to increase its network from 85 to 100 outlets.

Buyers richer

Sales of the major European luxury brands (Maserati, Lamborghini, Ferrari, Bentley, Rolls-Royce and Aston Martin) are expected to jump 19% this year to 28,100 vehicles, and increase by 13% in 2012, according to a study by IHS Automotive. "The rich are becoming richer, and the number of millionaires in emerging and growing. It is a very positive trend "for specialists in this niche, says Erich Hauser, an analyst at Credit Suisse agency quoted Bloomberg.For him, "should things go really bad" for the champions of this market find themselves in difficulty.

The ultra-premium segment should be able to pass through an economic downturn better than in the previous crisis, which saw sales of certain brands to collapse, says the CEO of Rolls-Royce. "This market has been growing steadily since its low point in 2009" but "we are aware that there are risks," acknowledges, however, Stephan Winkelmann, Lamborghini's boss. But for now, the Italian brand of the Volkswagen group does not seem to fear a decline in the purchasing power of its wealthy clients. It will produce 20 Sesto Elemento for early 2013. Their price: 1.6 million euro.

Total discovered oil off French coast - September 10, 2011

The seabed French hide many treasures. Among them, the black gold. Total announced Friday a hydrocarbon discovery off the coast of French Guiana No teletrack payday loans. An oil rig exploration, which was installed in March to 150 km off the coast of Cayenne, allowed the discovery.

The Paris Bourse rebounded with Total and banks - August 22, 2011

The Paris Bourse was hesitant at first. On Monday, the CAC 40 index opened down 0.85% below 3000 points. But the trend was quickly reversed. The benchmark index in Paris and flew from 1.46% to 3061.08 points in mid-session. 3000 points will retain the objective of the day. This threshold, which had escaped during the meeting with investors last week, was saved at Friday. This did not prevent the CAC 40 to close the day on a sharp drop of 1.92% and losing in five days almost 7%.

Furthermore, volatility is also important. In London, the FTSE-100 index, which started on a decline of 0.82%, now earns a 1.35%. Same movement for the Dax in Frankfurt bouncing 0.10% mid-term after losing more than 1% in the morning.

These policy changes reflect the concerns of investors about the state of the global economy.The United States also focused all fears with the publication of indicators increasingly mixed. This weekend, President Barack Obama admitted that his country was experiencing "a difficult, frightening recession." This should not reassure. He also accused the Congress to halt the reforms he wants to put in place to revive the economy. For his part, Vice President Joe Biden tried to reassure global stock markets and especially the Chinese, the first creditor of Americans saying the country would "never" by default.

Side the euro area, the problems of sovereign debt persist. As the political stalemate. Sunday, the German government has stepped up interventions in the media to reaffirm its opposition to European obligations, yet solution desired by the markets."The Eurobonds are quite the wrong response to the crisis of the moment. They would lead us to a union of debt and not a union of stability, "said Chancellor Angela Merkel who judges the cost of this mechanism is too high for the economy of his country.

Libya move

As in Asia this morning, so caution prevails, especially since no major indicator is in the program. Germany has lowered its forecast of budget deficit to 1.5% of Gross Domestic Product (GDP) in 2011, in a monthly report of the Ministry of Finance released Monday.

Growth is slowing for the fourth consecutive quarter in rich countries, that appears to + 0.2% from April to June compared to the previous three months, according to the Organization for Economic Cooperation and Development (OECD)."The gross domestic product (GDP) in the OECD area slowed to 0.2% in the second quarter of 2011, against 0.3% last quarter," said the organization in a statement Monday.

But investors expect a battery of statistics in the rest of the week including the manufacturing PMI for the euro area (Tuesday), the German IFO index (Wednesday), the weekly jobless claims in the U.S. (Thursday). Wednesday will be marked in France by the presentation of new conservation measures for the country to retain investor confidence and the "triple A".

Friday will be the busiest day with the second reading of U.S. GDP in the second quarter and the index of consumer sentiment.Another highlight of the week: the president's speech to the U.S. Federal Reserve Ben Bernanke, scheduled for Friday.

As for currencies, the euro rose slightly against the greenback. The single currency is worth 1.4419 dollars this morning. Oil markets, traders are watching to Libya where the rebels have entered in Tripoli. If pro-Gaddafi still resisting in the capital, rebel fighters have reached the Green Square, symbol of the regime. The fate of Colonel Gaddafi and therefore the oil-producing country seems uncertain. Seif al-Islam, presented in the past as the future successor of his father, was arrested.In morning trading, a barrel of "light sweet crude" for delivery in September gained 0.84% ​​to 82.95 dollars while that of Brent North Sea crude for October delivery of the territory ceded.

Values ​​to follow

Banking

The AMF may decide Friday, after the close of European stock exchanges, to renew its ban on short selling on financial stocks, but this time for three months. The sector also bounced unevenly on Monday after sharp declines last week, Credit Agricole gained 2.76% this morning before falling back slightly in mid-session (-0.29% to 6.10 euros).BNP Paribas gained 0.95% to 33.06 euros, however Natixis crumbles from 0.76% to 2.86 euros, and Axa, from 0.34% to 10.24 euros.

For his part, Frédéric Oudéa, CEO of Societe Generale (1.34% to 21.15 euros), said Sunday that the nervousness that penalizes banks Scholarships could last "at least until early November."

Paris airport: + 0.73% to 54.17 euros

ADP has registered a record passenger traffic in July, with 8.9 million passengers, an increase of 4.6% over the same period in 2010.

France Telecom (1.04% to 12.68 euros), Vivendi (0.69% to 15.39 euros), Bouygues (0.97% to 21.92 euros) Iliad (1.39% to 80.70 euros)

Some operators are preparing for the end of unlimited Internet access in homes for some clients.

Total: + 3.36% to 33.065 euros

Leading the CAC40, the title has hopes of a quick change of regime in Libya that would allow a reopening of the country's oil installations.

Adidas innovates in France - August 13, 2011

Coq sportif gradually reinvesting its native lands of the Dawn, capitalizing on its image Franco-French. The sports equipment was reinstalled last year in Romilly-sur-Seine near Troyes – a few miles from Sodimedical, society in turn threatened to relocate – in the industrial cradle he was born there one hundred thirty years.

If production is largely carried out in Portugal, the group is established with the help of the town hall, a center of development of its textile lines in September 2010. "In this economy, every job is important!" Notes Eric Vuillemin, mayor of the town, who was involved up to 700,000 euros for the renovation of the site.Models of the brand are now developed, and to do that, fifteen jobs were created.

Flexibility

Like Rossignol, another French brand of sport with relocated, the move comes as part of the recovery of the group in trouble after its acquisition by Adidas in the 70's. 22 years after leaving France, the new owner of Adidas in 2005, the Swiss investment fund Aires, has chosen to focus its strategy on the high end and quality French.

By refusing to subcontract as the creation of other brands and product development, Adidas claims to have improved in quality and uniqueness guaranteed payday loans. "We control our now in-house research and development, what sets us apart from the competition," it is argued.Like many companies that have relocated, the brand is also pleased to have shortened the production time and thus become more flexible.

Fifteen new jobs created

Two advantages that should further strengthen next year. Because the group now plans to relocate for the first time a production unit in France, always in Romilly-sur-Seine. The new plant, expected to be operational in early 2012, will produce the high quality collections of the brand. Fifteen new jobs will be created.

This repositioning has been paying more. Profitable since 2009, the brand registered in 2010 a turnover of 89.8 million euros, up 8% over the previous year.While Adidas is still a small player in the sports equipment, compared to giants Nike, Adidas and Puma, Airesis stresses that its market share in footwear in France is increasing from 6% to 9% last year .

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Viagra soon dethroned by a competitor - July 11, 2011

After years of it alone, Viagra, Pfizer's drug, to fight against impotence, will be joined and overtaken by its competitor, Cialis from Eli Lilly group. John Lechleiter, president, told the German press that Cialis would exceed the reference molecule, the number of prescriptions worldwide before the end of the year.

"In many markets such as France, Italy, South Africa and Australia, we are already with Cialis to Viagra," he said. According to the American College of Physicians, in 2020 some 322 million people worldwide may suffer from erectile dysfunction. In 2010, these treatments generated a turnover of 3.7 billion dollars, 2.6 billion euros.

Boeing: "We have 30% of the world to survive over time" - June 20, 2011

Photo credits: Marian Lockhart / Boeing Photographer/201035

Italy boasts the leading producer of wine - June 13, 2011

On a European total of 157.2 million hectoliters, Italy has produced 49.6 million and France 46.2 million, according to data from the European Union published this weekend by the conference Italian Agricultural Confederation, Coldiretti.

In the first quarter of this year, exports grew by 15%. This growth reached 31% in the United States, became the first foreign market, thanks to a clever marketing high risk personal loans.

However, despite the improvement of the quality achieved by the winemakers Alps, French wine prices are twice as high. Bordeaux, Burgundy, Alsace and Champagne others have done last year 6.33 billion euros in exports, against 3.93 billion euros for Italian wines.

No enlargement of the ISF to works of art - June 8, 2011

The deputies followed the government's view: Tuesday night later, they rejected the amendment, which taxed the works of art to the wealth tax (ISF). Works of art are therefore exempt, as they have since 1982. And, a priori, the Senate, which will examine the end of June the reform of the taxation of wealth, should not return to this point.

The vote closes days of debate that divided the majority. Because the amendment taxing works of art came from the UMP Marc Le Fur. Since its adoption in Finance Committee on Wednesday, the government objected small personal loans. But it is Nicolas Sarkozy himself is mounted to the plate Tuesday, qualifying in front of ministers and leaders of the majority, "triple stupidity" the idea of ​​taxing works of art.

Tuesday's meeting, Marc Le Fur finally withdrew his amendment, which the coup was introduced by the socialist president of the Finance Committee Jerome Cahuzac. But the UMP did so by raising another issue, that of taxation works of art at their sales. Amendments within these charges will be discussed today.

The tax puts pressure on players poker - May 30, 2011

A regular player of poker, whether online or at competitions, he must declare his earnings in taxes? For tax officials, the answer is yes. Especially if it draws most of its revenue. "Even if the amounts are variable, since the gains are regular, it is a professional income subject to the payment of income tax," said an officer in the columns of Le Parisien on Sunday.

Since the legalization of online gambling in France, the number of poker has exploded. They are nearly three million followers. But the IRS is more specifically the big players, they believe capable of winning hundreds of thousands of dollars over the year. The latter could then see their earnings taxed at 40%. Players who would venture on illegal sites should have to pay penalties.According to an industry professional, yet only a few hundred players in France are concerned low rates payday advance.

"The administration is bluffing"

While the controversy swelled, some lawyers try to calm the game "The administration is bluffing by some interpretation of tax legislation, including that concerning the management of revenues, says the daily tax lawyer Eric Haber. According to him, the case law is for poker players because it reaffirms that it is a game of chance and that the sums received are tax exempt.

Aware of this legal aspect, the IRS would try now bargaining with the players concerned: they are choosing to pay a tax, they are engaging with the administration in a long legal process.

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Facing the crisis, when the big boys stammer - May 17, 2011

They called France Telecom, Renault and Servier. Their common thread? All have recently suffered scandals at the national level: the wave of suicides among the telecommunications specialist, the case of industrial espionage for the fake diamond brand, that of health scandal for the pharmaceutical company. Despite their armadas of communicating, their leaders have been unhappy about – moved or wrong – strengthening the media attacks against their companies.A bit like Dominique Strauss-Kahn, before being arrested this weekend for a sex scandal, which was mounted in late April in the Porsche one of his advisers in communication, and which the press has field day, lamenting the return of a certain "caviar left."

Recently, France Telecom has still found in the eye of the cyclone with the immolation of an employee in the parking lot of one of its sites, falling to 58 the number of suicides by employees of the company since January 2008. However, a few months earlier, the operator welcomed the return to "normal atmosphere [...] as in any business, with its ups and downs." And Stéphane Richard, CEO of the group, calling in our columns to "prudence" of unions and the media, seeing some suicides in "the dramas of life [...] a priori unrelated to the company."

For Laurent Vibert, a specialist in crisis communications, "companies sometimes think too fast as they overcame their problems." And when a case resurfaced, "the communication team has not really tools, and is outdated or discredited." Back to the wall, Jean-Bernard Orsoni, spokesman and Press Secretary of France Telecom, is now positioned as a scapegoat, "at a time, for various reasons, it has become an emblematic case of the issue of suicide at work. But it illustrated only by France Telecom, "he says indignantly. Before advancing in comparison to the less shifted, "You know how many suicides per year in the Nord-Pas de Calais? 860! "

Bosses "disconnected from the French and their business"

According to Laurent Vibert, the leaders often have difficulty "to put in place of the listener."In general, "they are disconnected from the reality of their business." For some even their ego outweighs the advice of communications companies. Emblematic example, Jacques Servier has shocked France during his wishes for the new year, Assen: "The Pick, only three deaths." Following these comments, the agency Image 7, which was trying to catch the blow, made her apron. Anne Meaux, the head of the prestigious advertising agency, did not wish to return to this breakdown door. But according to our information, it generally deplore the lack of flexibility that agencies have to manage certain crises.

Carlos Ghosn, the Renault boss had not shot his best card, when, after twenty long days of silence that followed the bursting of the case of industrial espionage, it appeared to log 20 hours TF1, asserting that he had "multiple evidence" against three executives of its licensees. Except that shortly after the affair turned sour, making a false case. "Yet all the work of communication officers to ensure the veracity of such facts, demonstrates connecting to a large group. If they are not sure, they do not go 20 hours. " In this case, it appears that Carlos Ghosn has bypassed the 'com' "and went to seek advice from his relatives.In well-informed circles, the name of Maurice Levy, CEO of Publicis, was circulated.

In the end, though most attacks mark the minds and impacting time corporate image, "they have no lasting effect on their accounts," Judge Laurent Vibert. He stressed that "the memory of the crisis is short enough." It supports such as Toyota, including the general public "has already forgotten the massive recalls of vehicles" in the first quarter after serious technical problems. At Renault, any downturn is to be deplored. In the eyes of financial analysts, brand diamond is in a good momentum and its prospects remain promising, particularly in the power, with its strategic plan 2016.

Advice for home equity Natixis Securities, the purchase value, the espionage affair has nothing impacted earnings forecasts and the group has been the subject of any comment.Except recently: "The page is definitively turned [...], the General Meeting of April 29 was handled masterfully." With Carlos Ghosn in the role of conductor. In addition, Renault has signed an "excellent start to the year" marked by a growth in turnover of 15% in the first quarter. In the end, even if the stock has lost more than 3% in one trading day after the resignation of Patrick Pelata, number two in the group, the manufacturer has saved his feathers: action lost 5.2% since the beginning of year when the CAC 40 gained 5% and 7% Peugeot. But the gap is mainly due to the earthquake in Japan, which affects its Japanese ally Nissan.

The side of France Telecom, the title has hardly budged since 1 January, as the sector index telecommunications."While the crisis in a group does not affect supply or demand, then the impact of this will be invisible in the notes of some analysts and passed on to the stock price," says one analyst Paris. So when Toyota was living the crisis recalls of millions of cars when the BP oil platform exploded in the U.S., while production is directly affected and the immediate outlook revised downwards. As for Servier, non-listed, the case of the Mediator has not affected: the company has two billion euros in cash and no debt. Despite the compensation to be paid by the group, the Mediator crisis should not force him to sell assets. And even if the political and legal battle concerning the financial compensation to victims has just begun.