But the announcement was particularly flattered by stock traders is that the group will distribute 1.8 billion euros to its shareholders or 20 euros per share. This amount corresponds to the volume of disposals and acquisitions made since the merger between Unibail and Rodamco in 2007.

Slimming

With a recurring earnings per share up 0.4% in the first half, Unibail-Rodamco has a performance consistent with its objectives.But the group is far from his exploits of last year that its recurring net profit was up 7% free 3-in-1 credit report.

Not enough to disturb the land that continues to develop its music strategy. She gives regular malls small or medium. In the first half, she sold the center of Saint Martial in Limoges. "For the first six months of the year, we achieved sales of EUR 1.2 billion, says Guillaume Poitrinal. And by the end of 2011, we plan to divest $ 2.5 billion. "The group which operates 97 malls should have more than sixty by 2012.

Goldman Sachs believes that these results show that the direction to Unibail remains "very disciplined in its management, both strategic and financially."

Kepler Capital Markets welcomed the strategy of maximizing the value of its portfolio through a focus on the business assets of the largest and most profitable, and the increase in the debt ratio from 31% to 40%.

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The Boeing 787 landed at 9.08 am yesterday on the British airport. The American competitor for the A380 will be on display until tomorrow. The B787 Dreamliner is the only aircraft, representing 50% of composite materials. With this choice of technology, Boeing says that the device saves 20% fuel and 30% of maintenance costs.

Ordered 860 copies, the B787 Dreamliner has encountered serious difficulties. It lags two years. Its first test flight took place December 22.

Boeing also announced Thursday it would postpone for a few weeks the first delivery company commissioned by the ANA.It should be available until early 2011 when he was scheduled to deliver in late 2010.

Boeing has recently discontinued the test flights of its first B787 after the discovery of problems on some parts.

The CNAM also propose to "develop the benchmarks, particularly in the areas of rehabilitation and work stoppages" to reduce the gaps in prescription medicines.

Finally, Medicare will also advocate to optimize spending, "re-pricing of biology," homogenize "the prices of medicines whose effectiveness is equivalent therapeutic" or "cap overtaking on acts of orthodontics.

The total amount of support provided is "not yet determined," according to Christine Lagarde.However, it should "probably" be in the range suggested by the IMF and the Commission, who spoke of "100 and 120 billion euros," she said, adding that it is "a plan over three years, the current year, 2011 and 2012.

The French plan completed in one week

On the French side, the legislative process to unlock a maximum of 6.3 billion euros – 3.9 billion by 2010 – about 30 billion of the EU (in addition to 15 billion IMF), should be completed in the next week.

The examination in public at the National Assembly will begin Monday at 18 hours and should be adopted no later than Tuesday morning.The Senate vote in the wake the bill.

Barouin Francis, Budget Minister reiterated that the financial assistance at no cost to French taxpayers, puisquil is a loan to an interest rate of 5% "with repayment in three years to come," and which requires the Greek government to initiate a tight fiscal policy to clean up its accounts.

Stop the speculation

"The support of Member States of the euro area is to stop speculation and ensure stability in the euro area," Nicolas Sarkozy has insisted Saturday.For several weeks, the markets are panicked by the Greek cases, causing bouts of fever in the Greek long rate, which surpassed 11% this week, and that "the surge has no limits", according to economists.

Less disturbing, but nonetheless indicative of the fears on the markets, the euro fell to the rhythm of Greek concerns on the record. Today around 1.33 dollar, the euro has rebounded a bit from Tuesday it had fallen to 1.31.However, the European currency remains "at healthy levels for the economy of the Old Continent," says Pierre-Antoine Dusoulier, CEO of Saxo Bank.

Strengthening surveillance

Nicolas Sarkozy and Angela Merkel intend to take "initiatives in the coming days" for Europe to strengthen monitoring mechanisms within the euro area, expedite its work on the fight against speculation and improving the transparency of products derivatives and make further proposals on the regulation of rating agencies.

For these rating agencies, Banier Michel European Commissioner for Internal Market and Services, expressed support on Friday to create such an entity in Europe that would complement three existing credit rating agencies, all U.S., Standard & Poor's, Moody's and Fitch.

Their mission note states, businesses, communities, or financial transactions in order to give investors a comprehensive view of credit risk among market players.

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Larry Summers, the Obama economic adviser, declined Sunday to comment on the case Goldman Sachs, except to state: "This highlights what is at the heart of the president's vision (in the reform of finance) : the importance of transparency. "

Shocked that unpacking before the opening of public hearings Monday in Congress, Goldman Sachs categorically denies having violated the law.It maintains its role as an intermediary to serve institutional clients with differing views on the trend of the real estate market forced her to speculate for a fall on some securities to cover its risks also taken on other positions.

If they prove nothing of fraudulent e-mails made public Saturday by the Senate show that the bank on Wall Street reveled during the crisis, earn so much money, thanks to its derivatives betting on the fall of subprime housing market, while its own customers – including European banks – in poorer inverse operations.

"We will make a big pile of money!"

In July 2007, David Viniar, chief financial officer of Goldman Sachs, learning that the bank had already won $ 51 million by betting on falling subprime reacted in an email: "It gives an idea of what might happen to those who not a big short position. "

In October 2007, while the housing market plunge, a trader from the bank sent an email to his colleague: "It seems we will make a big pile of money!" The answer: "Yes, we are well positioned … In 2007, the bank led by Lloyd Blankfein has achieved record profits of 11.6 billion dollars that enabled him to pocket a bonus record of $ 67.9 million.During the same period, rival banks, including Morgan Stanley, suffered massive devaluation of their assets.

On Monday, Lloyd Blankfein and six of his colleagues were summoned to explain himself before the Senate subcommittee charged with investigating the financial crisis. Among them, Fabrice Tourre, a French 31 years, accused of fraud by the SEC, the gendarme of the U.S. financial markets. There is theoretically no link between the two investigations. But they are on the same subject: conflicts of interest of Goldman Sachs derivatives markets of mortgages.An email signed by Fabrice Tourre in 2007 shows his pessimism about the products he elaborated: "This market is completely dead and the poor little subprime borrowers will not be long." Fabrice Tourre will even be compared to Frankenstein for creating products that will turn against their owners, by precipitating the collapse of the U.S. housing bubble and the global financial crisis.

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The normalized IFO margin (excluding restructuring charges and capital gains on real estate) totaled 14.2%, against 11.8% a year earlier.Operating income increased 31.7% to 47.8 million euros.

Good results are mainly explained by Bic 12.3% increase in sales of consumer business (stationery, lighters, razors) and 107% for those in advertising and promotional products business cash loans Guaranteed approval ".

Mario Guevara, its director general, said: "We will continue to focus on growing our sales and profitability while maintaining our financial discipline. We also continue to invest for the long-term research and development, in supporting the brand and sustainable development. "

Investors appear to have been very sensitive to these good results. The title Bic to the Paris Stock Exchange was trading at 61.50 euros at 8.62% up to 9:50 on Wednesday.

In addition to a proposed overall increase of 1% of wages to be too thin, the negotiations foundered on the granting of a premium absenteeism desired by management. At a cost of 100 euros gross per annum, that would be assigned as a collective case of lower rates of absenteeism, store by store. In a supermarket whose average absentee rate is 10% – which is very high – for example, employees would receive the bonus if they manage to bring down the rate of 0.65% minimum.This device causes for the moment the ire of unions, which fear that employees absent from becoming the target of retaliation by their colleagues present.

"The absent?ime is an indicator of stress"

"We are opposed to such stigmatization of employees absent" outraged the CFDT delegate Sauzeau Christopher, who believes that management avoids asking the questions of substance. "Absenteeism is primarily an indicator of stress suffered by employees" says he, regretting the 5,000 jobs it eliminated by Carrefour in 2009. A visibly perceived hostility by management, that could change his tune. The human resources director of Carrefour, Jean-Luc Masset, said it had "saved the union position, and would think about."The progress of negotiations and new proposals likely to depend on the mobilization of employees on Saturday" predicted Christopher Sauzeau. If employees did not get satisfaction, a day of action on a larger scale could take place next April 30, the eve of Labor Day.

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"No increase in 2010 in 30% of companies

Heavily dependent on commodities, the Australian economy is recovering faster than other OECD economies, thanks to strong demand from Asia, notably China faxless cash advance. In 2009, growth was 3%, while the unemployment rate remained at 5.3% of the workforce. But since the beginning of the year, inflation topped 2%.

The stimulus Chinese 450 billion euros to full advantage to Australian orders, even if the exchange rate weighs on exports. Experts expect interest rates between 5% and 5.25% at the end of the year, which explains the attraction for the Australian currency.

If it comes shortly after the regional elections, the appointment union had however taken immediately after the Social Summit in February, meeting at the initiative of the Head of State to discuss, among other things, the upcoming construction of the reform pensions. Two main points today crystallize opposition from unions, following a government reshuffle.

• Pensions: major point of contention between the unions and the government, the pension reform was launched at the Social Summit in February. While the dialogue should begin early April, several union leaders have spoken about this on Tuesday, sending a warning to the government. The CFDT leader Francois Ch?r?que has called for a reform that reduces inequality."Of course we must evolve our pension system, but it does not evolve towards greater social justice, this is again a loss of confidence in politics." Therefore, it could "be the sport at a social level," he warns. Jean-Claude Mailly, secretary general of FP, for his part reiterated on Tuesday his commitment to the LCI retirement at age 60, holding "absurd" the solution of longer working hours to alleviate the funding problems induced by the lengthening of life expectancy guaranteed unsecured personal loan . "If we follow this logic, women live longer should work longer," he argued.As for Bernard Thibault, leader of the CGT, he believes "we can not impose reform on accounting criteria exclusively, also challenging the objectivity of the Advisory Committee of pensions. "This appointment will be very difficult to carry," he predicted. "Do not fall into the trap of the government, which means that we spoke only of pensions," however, warned this morning Fran?ois Ch?r?que on France 2.

• Employment: while the unemployment rate back above the 10% in the fourth quarter of 2009, the CFDT called for taking further steps to assist employees affected by the crisis. Pleading for an appeal to partial unemployment, training rather than dismissal, the leader of the CFDT has also called for financial support purchasing power and resources center for sustainable employment.The employees "have the feeling that we no longer speak of their real situation since September. An impression they would have in his Sunday expressed through the ballot box. The government must now "give strong signals, and change of method," he said. A view shared by the leader of the CGT, Bernard Thibault, who on Tuesday urged the convening of a new social summit at the Elysee. The meeting, a time desired by the head of state says he would aim to "take stock of the situation regarding employment, economic and social policy and purchasing power for practical decisions for implementing fast.

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The head of government, speaking before the European Parliament in Brussels, was also skeptical about the suggestion by Angela Merkel, to be able to exclude a country from the euro area. "Just punishment could not be the solution. And punish and exclude a country would be a failure not only for the country (excluded) but also for the Union "Money as a whole, he said.

Besides the penalties, "the important thing is that we must ensure that countries that have problems are also supported," he said. On this point, George Papandreou reiterated that his country "does not claim to help": "We are not asking for money from Germans, French, Italians, and other workers or taxpayers."

"What we are saying is that we need strong political support to enable us to make necessary reforms and ensure that we will not pay more than necessary to implement these reforms, he explained to MEPs, before threatening again to resort to IMF assistance. This last possibility is rejected by the European Central Bank and by France and Germany.

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