Philips eliminates 4,500 jobs - October 18, 2011

"Unfortunate but inevitable to become a company agile and competitive," with these words that Franz Van Houten, CEO of Philips since last April, has justified the 4500 job cuts (about 140,000 worldwide) announced Monday by the group. These job cuts are the result of a plan to reduce the cost of 800 million euros that the Grupe has put in place.

During the third quarter, Philips saw net profit of 85% melting, falling to 76 million euros, sales almost stable at 5.3 billion euros.

The decrease results from Philips is attributable to a decline in margins in almost all its businesses, affected by higher raw material prices and a loss of 54 million euros in the only television division.

The Netherlands announced in April the creation of a joint venture with Chinese TPV, which was to hold 70%. The operation is more complicated and time than expected to implement. Philips announced on Monday again consider all options for this activity, including abandonment, in the event that negotiations with TPV unsuccessful.

Conservative prospects

Among the plus side, the management has sought to highlight the sales growth in developing countries and the good of his health and Lighting divisions. The turnover of the latter rose by 8% over the period, including one worn by 32% growth in sales of LED. But as for the rest of the group, margins were sealed by higher raw material costs.

The group is also very prudent for future prospects.Thus, sales of its health division, specializing particularly in medical imaging, depend largely on government decisions for Buget hospitals.

ALSO READ:

"The giant Philips is pulling TVs

easyJet response to Air France in provinces - October 7, 2011

easyJet and Air France continue their game of chess in the provinces. Less than a week after the offensive of the French company in the transport at low cost with the opening of a first regional base in Marseilles, the British low-cost replica by creating two new in Nice and Toulouse. They will open in April 2012 to welcome their first passengers in the summer. easyJet cuts the grass under the feet of Air France, which provides just opened its next two regional bases in both cities in spring 2012 (and then to Bordeaux in the summer of 2012).

EasyJet's management denies replicate but admits that the decision of Air France has an incentive to "accelerate the decision" to open a regional basis in good standing since the two cities where it already departures. This, to "increase opportunities for routes from both airports.""These new capabilities will allow us to open 10 new routes from those cities, which should take us half a million extra passengers a year," says François Bacchetta, easyJet Chief Executive Officer of France in an interview with Paris .

Grid regions

With this new investment of 100 million euros, easyJet, the second company in France with 12 million passengers a year, will lead five platforms which lights Roissy and Orly airports with a fleet of 24 aircraft cheapest personal loan rates. From Nice, easyJet will provide 250 flights a week with 5 new destinations in France and Europe and from Toulouse, it will operate 140 flights per week with 5 additional links to the province and Europe. The low-cost continuing its policy of grid areas in developing on "inter-market" which, she says, is "far from saturated."

The battle is also raging in the price. Air France has built its one-way offer from Marseille on triptych rate: 50 euros for France and some European destinations (Milan, Düsseldorf), 80 euros for Athens, Istanbul and Casablanca and 110 euros for Moscow. This, TTC and with "all the free services of Air France as a snack, newspaper and checked baggage." An allusion to some low-cost practices that charge these services. easyJet says its starting price will be "cheaper" than those of Air France, without further specification. Now remains to be seen what will be a replica of Air France Ryanair attacks directly with its new decentralized basis of Marseille.

ALSO READ:

"The low-cost services are diversifying their

"Low-cost airlines are on the rise

That markets expect the agreement after the United States - August 1, 2011

On the night of Sunday to Monday, an agreement was reached between Republicans and Democrats to raise the U.S. debt ceiling. A favorable outcome that immediately reassured the markets: when Barack Obama announced the compromise to 2:45 Paris time, Asian stock markets – open to this hour – surged after learning that the failure to pay the United States was avoided. The Nikkei in Tokyo rose 1.7% immediately before finishing up 1.34%. Later, in Europe, major indices also showed the green, like the Cac 40 in Paris, which opened up 1.35%, and the ragagnant 3700 points, the Footsie Londoner, who took 1.07 % and the Dax in Frankfurt (+1.5%).

Safe haven, gold subside sees the outbreak of the course, which showed great concern on the part of investors.The yellow metal, which was still worth almost 1630 dollars per ounce on Friday, and is around 1615 dollars fell on Monday.

Immediate response as the currency market, the dollar has suddenly taken against major world currencies, particularly against the yen (the dollar rose from 77.3 to 78 yen per hour), just after the announcement.

Reassured the markets for a while

But around noon on Monday, the dollar back down a little already, one euro was trading against 1.4437 dollars (0.23%). Same against the Swiss franc, another safe haven, which goes back to full speed against the dollar and finds its historical levels of force, to 0.78 Swiss francs to the dollar.

Thus, if the news is welcome, the markets are not won by the euphoria. They are waiting because the confirmation of the plan by a vote, or some Republicans have expressed strong opposition to the agreement.Already on the European stock markets, the increases are bunched together in mid-day. And on Wall Street indices predicted a future increase in the Dow Jones 1.3%. Not enough to make up for the fall of 4.4% registered in the past week.

Markets are also wary because the details of the agreement remain unclear. In addition, the debt ceiling would require a new vote in early 2013, after the presidential elections. Now remains to be seen how the rating agencies will react to reductions in planned expenditure, less important than they hoped. However, they have warned: even if the United States are not lacking, this would not prevent the AAA rating of the country may be degraded.In this case, markets may again sink into depression.

ALSO READ:

"The dollar, a victim of the long debate on U.S. debt

"U.S.: Agreement in extremis on the debt cap

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.

Icelandic volcano: the airline industry trembling - May 23, 2011

«Remake? The eruption of a volcano in Iceland this weekend has reawakened memories. A year after Eyjafjöll, Grímsvötn spits a cloud of ash. Already, the Icelandic airspace has been closed since Sunday morning, the capital Reykjavik is affected since Monday, and the Norwegian traffic is disrupted. According to the European Aviation Safety Eurocontrol, the ash cloud is expected to reach northern Scotland on Tuesday and could hit western France and northern Spain on Thursday.

Secretary of State for Transport has warned Thierry Mariani: "what is safe (…), the day when Europe will be affected, there will be flights canceled," he told Europe 1. "There will be no problems in France in the next 48 hours," he said.

But already, the entire European airline industry trembling. On Monday morning, on the European stock exchanges, airlines show counters to red.e asyJet picks of 5.43% and IAG (Iberia Airlines and British) 3.7% fall of 4.37% Lufthansa and Air France-KLM fell nearly 4%.

Little risk of such paralysis in April 2010

It must be said that the economic consequences for companies were heavy last year: with more than 100,000 flights canceled in the world, the air blockade, although contested – dust could bring down the engines failed – had mounted the invoice about 1.2 billion euros for the only airlines. Just for Air France, blocking him every day was costing 35 million euros.

For now, there is nothing to say whether the extent of damage that will cause this eruption that occurred équivlente in April 2010. Admittedly, the latter is the most powerful eruption of the volcano since 1873, but the smoke is thicker less dispersible, and winds are favoralbes according volcanologists and meteorologists.Thus, experts believe that there is little risk that such paralysis occurring in both "in space and time." This morning the Grímsvötn is still active, even if the power of the eruption is smaller than it was yesterday morning, it is comparable to what it was last night, about 10 km altitude .

ALSO READ:

"Iceland: The cloud of ash could reach France

"Volcano: little impact expected on the air

"Volcano: Cancellations to be expected (Mariani)

"Icelandic Volcano: the danger was real planes

Greece: Brussels plans to pay the market - May 18, 2011

The idea of ​​a possible debt restructuring Greek gaining ground in Europe. "If a restructuring of government debt is not on the agenda, an initiative to keep intact the exposure of private investors in Greece could be conducted," said the Commissioner for Economic and Monetary Olli Rehn Tuesday night, following the summit of finance ministers of the euro area.

The president of the Eurogroup meeting of finance ministers from the eurozone, Jean-Claude Juncker, is on the same line. If Greece led the necessary reforms and privatizing 50 billion euros of assets, "we will see then if it is possible to have a fresh restructuring of the Greek debt," acknowledged Jean-Claude Juncker.

It would offer to investors who wish to accept the refund Athens over a longer period than expected.Enough to give them greater assurance of being repaid eventually and alleviate future payments in 2012 and beyond. Athens faces a wall of debt in the coming years.

Oil prices fall below $ 100 - May 7, 2011

Doubts seize the oil markets this weekend. On the New York Mercantile Exchange (Nymex), the price of a barrel of light sweet crude for June delivery broke down the psychological barrier of $ 100 on Thursday. He confirmed his decline at the close on Friday. After a session of ups and downs, it closed at 97.18 dollars.

On the whole week, the barrel has lost 14.7%. This is the largest decline in weekly percentage terms since the week 19 December 2008 when prices fell by 26.8%.Prices had not changed at these levels since March 16, when the uprisings in the Arab world and worry about the nuclear crisis in Japan had made prices soar.

The downward trend is the same on the Intercontinental Exchange in London where a barrel of Brent North Sea crude for June delivery traded at 108.42 dollars, down 2.38 dollars compared to Thursday. These days, the decline was due to analysts' pessimism about the future numbers of jobs overseas.

Surprise contradictory indicators, the U.S. economy created more jobs than expected in April (244,000). Nevertheless, a barrel continued to decline in early trading, before settling at around 99.45 dollars in mid jouréne in New York.Job creation does not erase the bad macroeconomic indicators released in recent days, suggesting that the recovery remains fragile.

On Thursday, investors are learning that new jobless claims in the United States increased sharply during the last week of April, 474,000 applications for allocations, while economists were expecting a decline. The day before, the numbers of firm ADP showed that job creation in the private sector in the United States slowed in April, well below forecasts of economists.

These announcements point to a decline in oil demand in a context of high oil prices. In addition, a continued rise in U.S. oil inventories, which should have been starting to fall a few months of the summer of large displacements.

In this context, the sharp rise in the dollar makes things worse.Thursday disappointed by the decision of the ECB not to raise interest rates next month, traders got rid of their euros. Result: the single currency, which was worth $ 1.49 yesterday, falling almost 2% to 1.4547 dollar. A situation which penalizes the purchase of dollar-denominated crude and thus rendered less attractive.

ALSO READ:

"Oil is too expensive threatens global economy

"A looming shortage of oil for 2050

Seeking employment candidate desperately - March 30, 2011

Job postings are up to APEC since the beginning of the year? For businesses, this rebound in employment is synonymous with "creativity" and "originality" to recruit "talent" they need.

Atos Origin, a leading IT services players, is in full promotion of his "Talents Days" in a dozen cities in France. The group is seeking 1,500 new employees this year for the French market. Thursday, it will open near Paris in Bezons the doors of its campus, to find 800 good recruits. Applicants are invited to submit their applications on the site www.talentdays.fr, specifying the items that interest them. The IT group provides' direct contact and a quick return to their requests. "

Other specialist technology consulting, Akka Technologies offers this weekend to challenge his lucky year, three days of skiing at Serre Chevalier.This is the first step to a possible recruit for some 150 engineers. Specifically the students in their final and penultimate year of a thirty engineering schools have registered on-www.challenge akka.eu to earn their place. In Serre Chevalier, between courses, ski trips and competitions, they will have every opportunity to meet with leaders of the group and to explore different careers online payday advance.

3000 vacancies at Groupama

At each company, its technical recruitment. The distribution brand Leroy Merlin plays the card of the opening of its stores to its future employees. From April 2 to 9, 26 stores are the Ile de France who are committed, with 500 vacancies in the key. Recruitment sessions collective spaces jobs jobdating, the group's businesses northerner go out to meet candidates.A dedicated website allows everyone to register.

Groupama, which just held – early March – his first jobmeeting in Paris, do not regret this. The insurance group has met with 600 candidates to present its businesses and its 20 companies. Other such meetings have already taken place almost everywhere in France (Nantes, Lille, Bordeaux and Lyon), when 3,000 recruitments are planned in France in 2011 and 2012.

ALSO READ:

"The job offers to top executives

"The companies in which to work in 2011

"VIDEO -" In an interview, be stressed "

The Cac 40 finally returns above 4000 points - March 9, 2011

The CAC 40, which won in the 4000 points on Monday night, amid record oil prices and gasoline, is struggling to return to the 4000 points on Tuesday: the index gained 0.64% to 4015, 91 points. The DAX index of the Frankfurt Stock Exchange is 0.04% to 7164.75 points while the FTSE in London is 0.02% over the closing Monday at 5,931.28 points.

Last night, Wall Street has yet suffered during the black gold but this morning, Asian stock markets have evolved around the equilibrium. Tensions in the oil market will settle down when in fact that Nigeria, Kuwait and the UAE will increase their oil production by April to offset higher prices that now exists as Libya comes into civil war with an additional 300,000 barrels per day, according to the Financial Times.This morning, oil prices dropping a bit of ground: a barrel of light sweet crude for April delivery yielded 1.41% to 103.95 dollars and that of Brent North Sea fell by 1.16% to 113.71 dollars.

French growth of 0.8% in first quarter

Side macroeconomic figures on Tuesday to watch: Bank of France said Tuesday forecast growth of 0.8% of gross domestic product (GDP) of France in the first quarter of this year in its monthly business survey. The survey on business climate shows a continued growth of industrial activity in February, but at a slower pace than in January, the indicator remained stable 110.The business climate indicator in services has increased in parallel from one point to 102.

Moreover, the trade deficit widened from France in January, to 5.89 billion euros against 5.60 billion the previous month, seasonally adjusted data, the Customs said Tuesday.

No statistics are expected this afternoon from the United States.

On the foreign exchange market, the euro lost it again a little ground against the dollar on Tuesday as investors reaping some profits after a record four months veille guaranteed unsecured personal loan.En early afternoon in Paris, the euro was worth 1, 3877 dollars against 1.3971 late Monday.

Scor: net profit up 13%

At the Paris Stock Exchange on Tuesday morning, Michelin took the top ranking (2.51% to 59.19 euros) the Cac 40, followed by Axa (+2.49%).Red side, Alcatel Lucent was down 2.72% on profit taking as well as Capgemini 0.62% and 0.53% of GDF Suez.

The SBF, Scor (-1.69% to 21.43 euros) also suffers profit taking. The reinsurer recorded in 2010 net profit up 13% to 418.0 million euros, above expectations, thanks to a surge in financial products, according to a statement released Tuesday. It is also in talks to buy the U.S. Transamerica Reinsurance, a subsidiary of its Dutch rival Aegon, reports Bloomberg.

Air France-KLM (+0.34% to 11.64 euros) reported on Tuesday morning traffic on a February increase of 4.9% capacity increase of 5.1% annual rate . This brings "a quasi-stable load factor to 77.6%," says the airline in a statement.Passenger numbers rose 5.7% to 58.1 million.

Side values, the oil services group Technip (+0.52% at 71.09 euros) has signed a contract worth around 45 million euros for the Gjoa Field Development in the Norwegian North Sea, he said Tuesday in a statement.

LVMH (+0.75% to 113.80 euros). Bernard Arnault, CEO of LVMH, said that the purchase of Bulgari and the agreement with family shareholders of the Italian jeweler might show interest in the Hermes family of a rapprochement with his band.

To be continued this evening, after-hours trading, the 2010 earnings of Havas and BioMérieux.

Video Games: in the master but disillusioned music - February 15, 2011

Prepare a disco ball, dance floor becomes your living room. The trend of video games is now at the dance. With already two million copies sold worldwide, Michael Jackson: The Experience is the box unchallenged in recent weeks.

The French group Ubisoft, publisher of the game of King of Pop, but also for Just Dance (5.4 million copies sold) and Just Dance 2 (5.6 million) which places it in pole position in dancing games and wishes to maintain its lead. April 14th, will be released on the console version KINECTS Michael Jackson: The Experience, "which has very little to do with his eldest," entrust jeuxactu.com journalists who went to Montreal, where the largest local society, and where the game is designed.

Through a proprietary technology Ubisoft (the Player Projections), the player himself who is on the screen.It's not like on the Wii to reproduce the best possible gloved hand of Michael Jackson. This time, each movement of the head, feet, hands and hips is projected onto the character. "If you're not a god of dance, it's going to see right away, especially since version enhances KINECTS a notch," it warns in jeuxactu.com. Suffice to say that the moonwalk risk of damage … Little extra special: it is also possible to sing Michael Jackson. Still a very difficult exercise.

KINECTS already on the game Dance Central Harmonix has already sold 1 Business Card Holders.7 million units.Real success for these artists signed authentic choreography pop, hip-hop and R & B like Lady Gaga, Rihanna, Snoop Dogg and Nelly Furtado.

If Dance Central has sold three times less than Just Dance 2, it must be nuanced: now, worldwide, more than 8 million were sold KINECTS … cons nearly 85 million for the Wii.

However, for musicians, it's time to disillusionment as the famous guitar playing Guitar Hero hung up. The sauce was not taking and profits for the company crumbled Activision (Vivendi). Guitar Hero: Smash Hits or Guitar Hero: Warriors of Rock have each sold less than 500,000 copies since its release in the United States.

This blow is the telltale sign of a decline in music games. But it benefits at least in Rock Band.The game, launched by Harmonix but also for Electronic Arts, recreates a real band, with guitarist and drummer, bassist and singer. "Harmonix and Rock Band will continue to innovate and invent new approaches in the genre of music game," Harmonix responded immediately after the announcement of the "death" of her baby, Guitar Hero.

ALSO READ:

"Microsoft has sold 8 million KINECTS

"Microsoft launches KINECTS, its video game revolution