New black day on Wall Street. After opening in the dark red (-2.19% for the Dow and -3% for the Nasdaq), the New York Stock Exchange closed down a massive. The Dow Jones lost 3.68% to 10,990.58 points and the Nasdaq was unscrewed from 5.22% to 2380.43 points.
The New York Stock Exchange, which has already ended the session on Wednesday on a very hesitant, was weighed down by fears of contagion from the crisis of European debt to U.S. banks and the threat of a relapse of economy after disappointing figures on the employment front in the United States. Symbol of this fear on the recovery, oil finished down 6% in New York, a barrel of "light sweet crude" for September delivery ended at 82.38 dollars.
In Europe, stock markets have been driven into the red, pulled down by banking shares.The markets are worried about the global economic downturn, following the release of retail sales increased very slightly in Britain.
Morgan Stanley is concerned about global growth
Morgan Stanley also lowered its growth forecast of the global economy for the years 2011 and 2012, the revision is stronger for developed countries. In a note published Thursday, the U.S. investment bank now expects growth in global gross domestic product (GDP) of 3.9% in 2011, against 4.2% previously and 3.8% in 2012, instead 4.5%.
The bad mood is compounded by a series of important indicators in the U.S. on Thursday and go in the direction of a faltering economic recovery.
First bad news earlier this afternoon with the weekly jobless claims: The Labor Department reported a larger increase than expected last week. They reach 408,000 registrations, against 399,000 the previous week. Economists on average had expected 400,000. The consumer prices have in turn increased more than expected in July (0.5%), driven by the rebound in gasoline prices.
The index of the Philadelphia Fed, the "Philly Fed" came out in very sharp decline in August, well below expectations. It plunged to -30.7 in August from 3.2 in July, while the consensus of analysts expected a slight rebound to 3.7.He thus reached its lowest level since March 2009.
The U.S. index of leading indicators, however, increased more than expected in July to a record high, due to growth in money supply and a decline in jobless claims, the Conference Board said Thursday.
Finally, existing home resales fell contrary to expectations: they were down 3.5% in July, while analysts expected a 3.8% increase, according to figures from the NAR.
New record for gold
In terms of raw materials, while the stock markets fall, gold has reached a new record on Thursday: an ounce of the precious metal rose to 1816.25 dollars on the spot market. Oil markets, prices opened down sharply in New York, the new access affected in a bad mood.To 15 hours (French time), a barrel of "light sweet crude" for September delivery was trading at 85.02 dollars, down 2.56 dollars compared to the previous day.
On the currency markets, the euro lost some ground against the dollar, struggling to find direction in a sluggish market and cautious with the release of U.S. indicators and always weighed down by the debt crisis in the eurozone. At the close of Wall Street, the euro bought 1.4345 dollars against 1.4428 dollars late Wednesday.
Values of the day
Hewlett-Packard, which published its results before the scheduled time (turnover of 31.2 billion, in line with expectations) and resulted in a trading halt, announced it was negotiating the purchase of Autonomy Corp., a transaction by Bloomberg estimated 10 billion dollars. It envisages the other to separate its computer division, its largest business, but less profitable.It also abandons the tablet touchpad.
NetApp declined by 14.04% in early trade to 35.81 dollars. The group missed the consensus for its first quarter of fiscal 2012, with a turnover of 1.46 billion, against $ 1.51 billion expected by analysts. The net decrease of $ 150.7 million to $ 139.5 million
The communications systems equipment supplier JDS Uniphase (-12.81% to 10.20 dollars) has reported a net quarterly profit of $ 9.3 million, or 4 cents per share against 1.5 million the last year. It provides a low turnover in respect of its first quarter due to adverse economic conditions, but is optimistic in view of its order book.
Coca-Cola (-2.14% to 67.80 dollars) will invest four billion dollars more in China between 2012 and 2014, reported Thursday the New China News Agency, quoting the CEO of the world's leading soft drinks.
Sears Holdings (-8.16% to 55.23 dollars) reported a higher loss than expected in the second quarter, sales were weak and the promotions have started margins.
Ross Stores (-4.86% to 68.31 dollars) has reported a better than expected pofitive the second quarter but is cautious about these results for the rest of the year in a difficult environment.
Dollar Tree (-1.34% to 70.84 dollars) has reported an increase of 22% of its profit in the second quarter.The distributor has revised upwards its forecast for earnings per share (between 3.82 and 3.95 against 3.69 dollars and 3.85 dollars expected in May).
IBM (-4.46% to 163.83 dollars) is one of two candidates vying to buy at Lufthansa subsidiary Lufthansa Systems, the German press reported Thursday. Another potential buyer is the conglomerate Tata Group.
Gap (-5.48% to 15.52 dollars) and Foot Locker (-6% to 17.56 dollars) must publish their results after the close.
Competition without doping and full of uncertainty is the best guarantee of a successful Tour. In France Televisions, one welcomes the improvement of the hearings provided by the Tour de France 2011. The latter was successful, according to Médiamétrie, peaking at 8.5 million viewers and posted an average over the entire round of 5.2 million daily viewers. The mountain stages as Pinerolo-Serre Chevalier even totaled an audience share of 55.4%.
Daniel Bilalian, head of France Televisions sports, these good results are due primarily to the fact that "the Tour was a real race with many uncertainties, suspense and surprises.As in previous years, the doping scandals have caused the alienation of the event, the 2011 has shown, not supermen, but real riders in the choice of strategies winners or losers, often arriving exhausted. "D ' Moreover, as noted in the athletic director of France Televisions, "sporting events that are stable or growing in audience are characterized by their rarity, such as Six Nations, the Olympics or the Tour de France. It is not just a sporting event but a historical monument as well as July 14. "
"The arrival of new international actors"
This would explain que15 including 20% of viewers of the Tour are not fans of "Little Queen." To hang, France Televisions has also developed programs around the retransmission of the competition."The austere retransmissions within the meaning of the word belong to channels. In France Televisions, we focus instead on the sporting spectacle, "insists Daniel Bilalian. And it noted that "if no channel can claim an immediate return to a sports broadcast, however, its market share in a day later, a commercial value that advertising can be negotiated. The sport has allowed France to claim 2 throughout the year an audience share of 16% and not 15%. "For this reason in particular that France Television has extended by two years until 2015 included a distribution contract with Amaury Sport Organisation (ASO), the copyright holder of the Tour de France, but the Paris-Roubaix, the Paris Marathon, or the Dakar.If no amount has been disclosed, market experts say that "France Televisions, which remained faithful to the Tour in the worst moments of its history and has guaranteed its sponsors visibility of its branches, would have known that a reasonable increase of prices of the competition. "
In 2015, all contracts of the Tour de France, however, must be renegotiated. Daniel Bilalian cause for concern that fears "the arrival of new international actors such as al-Jazeera, which invests to meet all requirements and policies that have no marketing budget limit."
The reputation of Europcar in the wake of Voeckler
Ten days in yellow by Thomas Voeckler, Europcar team leader, allowed the car rental company to significantly improve its reputation.The group chose this sport for its popularity intact despite the image linked to doping.
Number one European location, the group has engaged in cycling in 2010 to try to improve its reputation with its competitors (Avis, Hertz, Sixt) most frequently cited in surveys of customers. Building 15 million for three years in cycling, the group has apparently achieved its objectives through thousands of citations during the Tour de France.
This bet – won – was nevertheless very bold: Europcar had bet 75% of its budget and marketing communication, 2011.
Day of truth for Greece on Wednesday. While Athens is on strike yesterday, members are asked to vote for or not an austerity plan for four years. The vote will be followed by a second vote tomorrow on the law enforcement.
The President of the European Union, Herman Van Rompuy, warned Tuesday that the next few hours would be "decisive" for Greece, the euro area and the global economy.
Since yesterday, the U.S. and Asian markets seem optimistic about the outcome of the vote in spite of renewed clashes on Wednesday between protesters and police Greek. Optimism is always de rigueur at the Paris Stock Exchange: the Cac 40 rose 1.32% to 3902.87 points.
As for other European exchanges, the FTSE-100 in London gained 1.01% to 5825.21 points and the Dax in Frankfurt was up 30% 1.23 to 7258.50 points.The FTSE MIB in Milan climbs from 1.60% to 19,765.46 points. The Italian luxury group Salvatore Ferragamo for his first day of trading, taking 8.89% to 9.80 euros in mid-session.
The first quarter growth revised down
On the macroeconomic front, INSEE revised down growth in the first quarter of France at 0.9% against 1% set in mid-May
For the euro area, the confidence index of entrepreneurs and consumers in June fell for the fourth consecutive month. The index fell to 105.1 points, down 0.4 points compared to May.
In the U.S., two indicators are on the agenda: the promise of sale of homes in June (16 hours) and the weekly inventory of crude oil (16.30).
On the corporate side, the banking sector is in good company in this context of optimism surrounding the Greek parliamentary vote.BNP Paribas takes 1.51% to 51.90 euros, Crédit Agricole rose 1.34% to 10.11 euros and Natixis advance of 0.90% to 3.34 euros. Yesterday, banks have earned an average of more than 2%.
Offshore wind: Areva alliance with Iberdrola
Societe Generale: 2.60% to 39.82 euros
The participation of private creditors to the new plan of financial support to Greece to be as fair as possible to increase the chances of success, said CEO of the bank, Frédéric Oudéa, the Senate Public TV.
Values cars respond well to the good performance of Japanese manufacturers on the stock market after the Japanese industrial production confirmed the rebound in April.Renault climbed 1.81% to 40.65 euros and Peugeot is up 1.61% to 30.95 euros.
EDF: 1.88% to 26.79 euros
The energy group confirms its investment in the LNG terminal in Dunkirk, along with Belgian Fluxys and Total.The cost will be borne by EDF to 65% (650 million), 25% Fluxys (250 million) and 10% by Total (100 million).
GDF Suez: 0.93% to 24.34 euros
The gas is in talks to take over the assets of the U.S. company Duke Energy in Latin America, according to the Brazilian business newspaper Valor Economico.
Areva: -0.40% to 25.20 euros
The nuclear group has confirmed that he would ally with the Spanish Iberdrola Renewables on two of the five areas of the tender for offshore wind launched by the state, confirming a report of Echoes.
Ipsos: 3.85% to 32.80 euros
The British advertising group Aegis said to be in exclusive talks with the institute of studies and surveys for the sale of its subsidiary Synovate market research.
Havas: 2.26% to 3.58 euros
In an interview with Echo, the executive director of the group will develop two commercial microarray in the world, one around his BETC teaches French and the other about Arnold, his agency based in Boston.
DS: 1.41% to 58.37 euros
The software developer, a subsidiary of Dassault, owner of the Figaro Group, combined with a subsidiary of American online retailer Amazon to offer a paperless commercial in "cloud computing" (technology that allows a company to dispense servers physically located in its premises), according to a spokesman for the group.
After the close of trading, EuropaCorp will release its results for the year 2010-2011.
First day of opening of the Paris Air Show and business already struggling for their full long-awaited appointment of professionals. Before an audience of professionals in the aerospace, Nicolas Sarkozy called the area "to meet the challenges of globalization." "If we're not competitive, there is more than aviation industry, he said. There is only one possible strategy, the challenge of globalization by being more innovative, more creative and more competitive. "
The state has "a role" in the strategic industrial sectors, also recalled the president, referring to the "decades of public investment" in aeronautics and the level of credit facilities granted to the defense "despite the crisis ".So it is "no way" to abandon the research tax credit, assured Nicolas Sarkozy, adding that allocations of "20 billion euros of expenses" provided in the large loan will be confirmed "in a few days " business card templates.
• Boeing signed the first major order
Qatar Airways opened the show Monday orders. The airline, growing, has ordered six Boeing 777-300 long-haul aircraft ER for a list price of $ 1.7 billion. It already has 25 Boeing, including 15 Boeing 777. "The Boeing 777 continues to play a key role in our development strategy," said the CEO of the national airline of Qatar, Akbar Al Baker.
President Nicolas Sarkozy and Valerie Pécresse, Minister of Higher Education and Research, met the head of EADS, Louis Welsh.
Lunch with Warren Buffett this year will cost 2.63 million dollars to the winner of the traditional auction held once per year to a charity. Only two bidders this time participated in the sale held on the eBay website, but the low number of candidates did not prevent the sums involved to reach a record level. The winner has indeed paid 111 euros extra to beat the 2010. The latter, who wishes to remain anonymous, then share the meal with one of the richest men in the world between June 27 and July 11 next, in the famous New York restaurant Smith & Wollensky. It may be accompanied by seven friends of his choice.
Fortune ranked third worldwide after the Mexican magnate Carlos Slim Helu and Microsoft founder Bill Gates, Warren Buffett, aged 80, is head of investment company Berkshire Hathaway Inc.The idea to donate the money raised at auction for a lunch came to the investor in 2000 when his wife, Susan, now deceased, presented him with the Glide Foundation and its founder, the Rev. Cecil Williams. As in previous years, funds raised for this twelfth luncheon will be donated to benefit the charity, which helps disadvantaged residents of San Francisco. Through these annual lunches, Buffett has managed to raise over $ 9 million.
50% of fortune to charity
Spurred by Warren Buffett and Bill Gates, several American millionaires have pledged to donate over 50% of their fortune to charity easy payday loans.This initiative, called "Giving Pledge" ("Pledge") was launched in June 2010 and already has 69 signatories, including director George Lucas, CNN founder Ted Turner, or the co-founder and CEO of Facebook Mark Zuckerberg. "We see tremendous progress in just one year", says Warren Buffett in a statement. "I am delighted that so many people who have done well in America publicly commit and participate in philanthropy."
But despite the enthusiasm of the creators of the association "Giving pledge," they are struggling to find recruits abroad. Hoping to make a successful campaign in the Middle Kingdom, which houses a quarter of large fortunes in Asia, Bill Gates and Warren Buffett went to Beijing in September 2010 for a charity dinner party, after which a very small number of guests would have answered the call.The list of philanthropists also contains no French name, despite the presence of four large fortunes (Bernard Arnault (LVMH), Liliane Bettencourt (L'Oréal), Francois Pinault (PPR) and Serge Dassault (Dassault Aviation) in the Top 100 Forbes.
The reform bill just passed by the Council of Ministers, the debate continues on the creation of the famous tax on high salaries and bonuses. And the question that arises now is that the threshold will be taken.
Always opposed the creation of a new tax bracket, Nicolas Sarkozy, President of the Republic, in effect, gave the green light to Pierre Mehaignerie, Chairman of the Committee on Social Affairs, to think about it the establishment of an "outstanding contribution". Francois Baroin, the budget minister, was then referred to a $ 2 million to 3 million euros as the threshold for application of this new tax. But according to Les Echos this morning, a government source said that this threshold could be lowered.Also according to the business daily, Pierre Mehaignerie advance, meanwhile, the leveraging of income above 1 million euros.
The tax, originally scheduled to be exceptional, should also become permanent. It would be introduced through an amendment to the Finance Act amendment that members must consider from 6 June.
Debate in the fall
Chairman of the Committee on Social Affairs did not give further, creating a new tax bracket. It even has the approach of presidential elections in 2012 to convince the executive.
The battle is announced on this subject for the time referred to in fall. "This debate should be raised but it has its place in more finance law that at the collective (that is to say, the supplementary budget law) on the reform of the ISF, which is well balanced" , said the MP.
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The director of Medicare does not hide its intention, revealing new figures on excess fees, weigh on the negotiations with private doctors, which should lead to early summer. "The system just drift since its inception 30 years ago, Frederick van Roekeghem regrets. We want to sound the alarm on the need to implement structural reforms. "
Overruns (these are requested beyond the "tariff Safely" legally by doctors of "Sector 2 but poorly repaid by certain complementary health) accounted last year for 2.5 billion euros, on a total of 20.9 billion euros in fees. A proportion is similar in style singled out by the Inspectorate of Social Affairs in 2004, which argued that while a "significant increase" during the previous decade.But behind this "apparent stability", says Fred van Roekeghem lies a greater concentration.
In 1990, 16% of physicians "family" could charge excess fees. Since then, the degree requirements were introduced which prevent virtually any plant of the generalist sector 2, and only 7% of workforce is concerned. The proportion of specialists in Area 2, with her stable for the past twenty years (41% in 2010). But if she fell for clinical specialties (pediatricians, dermatologists, gastroenterologists between 32% and 40%), it flies in the operating room: 34% against 28% for anesthesiologists, 85% against 73% for surgeons.And in all these areas, the sector will expand in the next two years as junior doctors settle overwhelmingly.
Physicians increasingly "greedy"
In addition, doctors applying overruns are becoming more "gourmet" on the amounts required: 54% of the "Safely rate, on average, against 25% in 1990. Note that Medicare confirms the intuition of the French Mutuality: 4.5% of public hospital doctors allowed to perform – for 20% of their working time to the maximum – a professional activity in area 2 practice overruns higher than their liberal counterparts "pure." Supplements such resources reach 81% in surgery, against 56% in the private sector, 80% against 48% in ENT, ophthalmology, or 96%, 60% cons.
Overtaking both more frequent and higher are concentrated in certain areas – with high purchasing power – like Paris and West of the Ile-de-France, Rhône, Alsace and the Coast d'Azur.
A problem of access to care
Nevertheless. "The phenomenon empire, says Frederick van Roekeghem. It poses a problem of access to care. " The boss of Medicare does not refute the argument of doctors (surgeons in particular): they are using the overruns is that the social security system pays too little certain acts, given their cost, their difficulty, duration, or the risk that affects the amount of insurance premiums. It's good to help doctors make more money without costing too much to Medicare that the sector 2 was created in 1980 by Raymond Barre.And it's not a coincidence that the least among specialists in Sector 2 are installed cardiologists (20%) and radiologists (13%), considered very good living by simply make rates Safely.
Frederick van Roekeghem says ready to act on the question to finally allow the entry into force of the solution advocated since 2004: the "optional sector. This would be for anesthesiologists, surgeons and obstetricians Area 2 volunteers to achieve at least 30% of their actions and costs Safely, do not charge for overruns over 50% on the rest of their activity, complementary health s 'committing their part to repay the money. "This discussion will reopen. I think it's the last time, "warns the director of Medicare.
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Hotel Martinez divided into apartments or offices? One hypothesis is now possible according to Le Parisien in France today. The famous Art Deco hotel, which annually hosts the biggest stars of world cinema at the Cannes Film Festival, may soon be for sale by its owner, the investment fund Starwood Capital. Nearly six years after buying the group Taittinger, the American group, forced to reduce its debt, in effect withdraws progressively from the luxury hotel. After having yielded to the Israeli group Arlov Lutetia in July 2010, and the Crillon hotel to a member of the royal family of Saudi Arabia at the end of that year, Starwood Capital could be tempted to secede as the famous Cannes hotel .Bundling of several hotels including the Martinez, a $ 1.5 billion, had already almost completed in 2008.
This possibility seems this time even more credible, the newspaper said that the clause which requires the continued operation of the hotel business site has rightly expired last April 24. Imposed by the state group Taittinger redemption of the hotel in 1981, she ran that in thirty years. It is clear that if the hotel was sold to the cut, the fund Starwood Capital would clearly benefit much higher. Quoted by the newspaper, counsel for the heirs of the historic Martinez, Pierre Zeghmar, assesses the value of the total around 1 billion euros as qu'appartements separated, against only 300 million as a hotel.
If the mayor of Cannes denies fearing a possible sale, but it is going to take the precaution to enter the palaces in the local plan. A measure that would ensure their hotel assignment in assignments. But according to Pierre Zeghmar, "this measure will be effective after July 2011, leaving a window of the American group. Still, the Grand Hotel has recently invested, according to Deputy Mayor of Cannes David Lisnard quoted by Le Parisien – Aujourd'hui en France, five million euros to renovate the rooms before the G20, which will take place in Cannes in November. An "institution of this type, currently very profitable," is anyway always potentially for sale, "said the mayor.
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The U.S. publishing rocked. In February, he sold more electronic books (e-books) in the U.S. as paperbacks, paperback books or children's books. According to the monthly report compiled by the Association of American Publisher (AAP), Association of American Publishers, the revenue generated by e-books reached $ 90.3 million over the period. So far the top-seller, the paperback had fallen below $ 85 million revenue in January. In February, they amounted to 81 million.
The total market for printed books in the U.S. declines. The adult books (pocket paperback) have declined from 34.4% in February to represent all $ 156.8 million in sales. Children's books fell from 16.1% to 58.5 million.In parallel, the electronic book grew by 202% between February 2010 and February 2011. A growth rate that promises a fast restructuring of the publishing market in the U.S., comparable to the transformation of the music market. Moreover, the results of the PAA reflects sales by only 16 publishers of digital books, publishers against 84 for the physical book.
Sales reached by parties
According to the Association of American Publishers, the strong growth in sales of digital books in February "is mainly due to a high level of sales of e-books after the holidays and downloading by consumers who received gift digital reading lights us fast cash. Another engine of growth: a renewed interest from consumers for backlist titles from the catalog."The February results show that people love books and publishers are actively trying to serve their readers everywhere. The public embraces the breadth and variety of reading choices that are available, "commented the CEO of the AAP, Tom Allen, in a statement.
These findings echo those announced by the online retailer Amazon Kindle reading lamp manufacturer, when publishing its annual results in late January. "Amazon.com now sells more books than Kindle paperbacks. Since the beginning of the year, for 100 bags sold by Amazon, the company sold 115 pounds Kindle, had indicated the company founded by Jeff Bezos. Meanwhile, sales of e-books were three times greater than sales of paperback books.This market should continue to grow with the arrival of new reading lights on the market, like a low-cost version of the Kindle, financed by advertising.
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Friday morning presentation of the broad guidelines of the economic program of FN required three hours of explanation. Declined by Francis, an "economist in a private financial institution" who did not want his identity, this project is at odds with "one of the WSPU who repeats the same stale receipts, what does not and Yet that attention be given to apply for 30 years, "Marine Le Pen hammered.
The base of the FN program revolves around the gradual exit of the euro. "France is the 5th world power, it has the means to manage its own currency as it has done for 600 years," François considered. If Marine Le Pen was elected in 2012, it will give six months to persuade other countries to abandon the euro zone single currency. "If they do not, we will go out alone," warned the president of the FN.In case of attack against the franc (reintroduced to parity 1 franc = 1 Euro), the government will leave "float" or will "exchange control temporarily. As for the risk of inflation due to devaluation "necessary", it is not proven by the FN.
The party of Marine Le Pen proposes to restore the "border protection" to fight against unfair competition that we deliver the low cost countries. This patriotism newlook rely on import quotas, tariffs or health standards on certain products.
"To ensure the recovery of the middle class and SMBs," his two priorities, the FN suggests reindustrialise France in investing in certain sectors and certain renationalizing strategic sectors (energy, transport …). Marine Le Pen also promises to rebuild a large public banking division."We will wait until fall for the banks to redeem them," admitted publicly any of his relatives, who requested anonymity.
In fiscal matters, the FN promises a "revolution for social justice": the merger of income tax with the CSG, simplifying the corporate tax, eliminating tax loopholes … "We want to go to 5 taxes instead of 1000 today, "said Marine Le Pen. On the expenditure side, the FN wants to reduce bureaucracy and cut in social benefits. "You have to book some social protection, including the French," she said, promising also the "national preference" in employment. "If a stranger does not find work, he did not intend to stay in the country," she conceded.
The FN will also remove the 35 hours but not repeal the tax exemption of overtime.It will end in "1 of 2" in the state civil service and reserve one third of public recruitment for over 45 years. It will allow learning from 14 years and establish a retirement card from "40 years, full".
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