International & World Report

The defense electronics group Thales has multiplied by eleven net profit in the first half compared to the same period in 2009. It amounted to 138 million euros against 12 million euros last year. The turnover has increased it by 4% to 5.95 billion.

"It's a gradual recovery in line with our expectations in an environment that is becoming," said Luc Vigneron, CEO of Thales. France and Great Britain, where Thales is firmly established, and Germany are considering a reduction in their defense budgets. Faced with this gives the group confirms its commitment to expand internationally. "We are continuing our campaign to improve our performance and want to take advantage of growth areas in emerging countries," said Luc Vigneron.

The group confirmed its 2010 targets. The sales will be stable, the operating profit margin would be 3 to 4%."An operating profit of 3 to 4% corresponds to a net positive for the group," said Patrick Durand, CFO. Thales has a loss in 2009.

Two contracts uncertain

While the group has already Saffron rebound airline, Thales will benefit later recovery of the aviation sector. It is possible that the group is obliged to take further charges for two contracts, "the situation is still somewhat uncertain": Meltem contract signed in July 2003 with Turkey on the one hand, the contract signed in July 2004 for the military transport plane A400M ordered by seven NATO countries (Germany, France, Spain, United Kingdom, Turkey, Belgium, Luxembourg), on the other. "Discussions are under way with Airbus business," said Luc Vigneron.The President of Thales said that the group has been in question had also been penalized by delays to the A400M.

Thales, which has won three contracts in excess of 100 million euros in the first half of 2010 against nine for the same period in 2009, expected completion in the second half of the supply of 81 satellites in the Iridium group. A contract of one billion euros.

Saffron is still determined to seize Zodiac

Saffron is always seize Zodiac. Jean-Paul Herteman, Chief Executive of the group of aerospace and defense, confirmed Wednesday that a rapprochement with Zodiac absolve synergies. "We make time to convince," said Jean-Paul Herteman. The battle is difficult. The supervisory board of Zodiac refused unanimously on July 11 a merger offer.Didier and Olivier Domange Zarrouati, respectively Chairman of the supervisory board and chief executive, believe that Zodiac may develop "not lean Safran or anyone else."

Optimistic after the publication of its first half results, Safran has also raised its annual forecast. It expects an operating margin of 8% against 7% previously. It provides a turnover close to that of 2009. "The performance in the first half lead us to revise our ambitions higher," said Jean-Paul Herteman. The group made a net profit of 223 million euros in the first half, down 20.6%.

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Finding affordable health insurance that meets the needs of you and your family can be a daunting task anywhere in the United States.

This will be a key to the success of future electric vehicles: their prices. For now, Renault-Nissan, which wants to become the world leader in this niche, has revealed that the rate of its Nissan Leaf, the first step in a move that provides eight launches (four for the French manufacturer and as for its Japanese ally) from the end of the year.

The group, which claims to be the first to enter the electric car "mass market" in proposing a "sustainable" price, was disappointed in May by announcing a Leaf "less than 30,000 euros' in Europe, the aid States included.

The electric Renault Zoe, scheduled for mid-2012, will it, much less expensive.According to an internal source, the manufacturer has, at this stage, devised a unique system where the car will be given to "less than 15,000 euros in France, once the government bonus of € 5,000 for electric vehicles deducted. To this must be added the monthly rental of the battery for an amount "approximately 100 euros. A clever way to reduce the purchase price of the model.

The State had indicated that its aid would not exceed 20% of the purchase price of the vehicle, plus the cost of batteries if they are taken in hiring. Including the cost of the battery over five years, the total cost reached 25,000 euros for Zoe, which should well be eligible for bonuses of 5,000 euros.The Zoe is supposed to represent almost two-thirds of the production of electric cars of the mark, or 150,000 units per year initially on the French site Flins.

Prices same as a Clio Diesel

The goal is to offer the car at a rate similar to that of a diesel vehicle of similar size, such as a Clio. The monthly price of the battery "may also be equivalent to the fuel costs of a conventional car every month," said Le Figaro Hideaki Watanabe, project manager for electric cars Renault-Nissan faxless cash advances.Approximately 100 euros, according to ADEME (Agency for Environment and Energy Management) for an average car running on diesel, which confirms our information.

To these costs will be added to the battery charging 1 euro for a full power of 100 kilometers. About 12 euros per month for a motorist driving 15,000 km per year. Renault also considers that the maintenance costs will be two times lower than those of a conventional vehicle, an electric motor requiring less intervention. In total, the group calculates that the cost of use of the electric car (rental of the battery, electricity and maintenance) will be each less than that of a conventional car.

Renault-Nissan Invests 4 billion euros in the development of this technology in 2008-2012.The group expects that operating fully aware cars represent 10% of global sales in 2020. A number deemed overstated by most experts. Among the obstacles to the growth potential of electric vehicles: the availability of public infrastructure charging and battery life, limited to 160 km for Zoe.

Renault will launch next year's electric Fluence in Israel, and its electric Kangoo in Europe. Side competitors, PSA Peugeot Citroën will market its Peugeot ion adapted from Mitsubishi iMiEV by the end of the year, but will have only 100,000 vehicles by 2015. The German Volkswagen is preparing a response for 2013.

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In 2008, Apple became the first distributor of music in the United States, before the giant Wal-Mart and Amazon. The group of Cupertino is preparing to renew the feat in the film industry. According to research firm Screen Digest, Apple became the number one video on demand pay to the United States in 2014, before the two top cable operators in the country, Comcast and Time Warner Cable.

This will be overtaken by Apple at the end of this year. Apple is expected to generate $ 281 million in sales by selling movies online this year against 160 million in revenue for the VOD service from Time Warner Cable. The firm is expected to apple store almost 35 million transactions in 2010 against 30.5 million for the second U.S. cable operator. Still Number One, Comcast will make a turnover of 380 million dollars with 88 million transactions."While the pay-TV players offer to lease the works in DOS, Apple sells movies. The pricing is more beneficial to Apple, "said Dan Cryan, responsible Broadband Media at Screen Digest.

In 2014, the reverse hierarchy: Apple should be leading with 470 million dollars in revenue for 56 million transactions, when Comcast will reach 400 million dollars in sales with 108 million records of tenancy, says Screen Digest. At that time, Apple will control 32% of video market demand pay.

Google TV has a playing card

This leadership position gives Apple the opportunity to influence the price of selling movies for download, as the U.S. group has done in music.Another advantage is the unit sales reported more income to the beneficiaries that the subscription models or lease and therefore the iTunes Store a valuable partner for the studios, which multiply the simultaneous releases in theaters and on video.

If the model for the iTunes Store gives a good lead time to Apple in VOD, it is not certain that the firm with apple foreclosing the movie as it did for digital music. "There was an effect on iPod music because of the integration platform for downloading with the terminal was better, because the iPod allowed to make music where consumers want to have it ie mobility. It is not certain that the iPad plays that role for the film, Dan Cryan analysis. Terminals other than the PC are key to getting consumers to pay for entertainment.But for video, this advantage is less pronounced for the iPad for a TV. This is Google, with its Google TV decoder, which brings Web video into television, has a playing card. "Indeed, the Internet group has not discussed a possible blocking of illegal content which could online access through Google TV. This vagueness could benefit from piracy: "iTunes is selling on average 30 songs per iPod sold, the rest of the music is not purchased it is copied from CD or downloaded illegally. There could have the same effect on Google TV. The party has just begun in the video, "said Dan Cryan.

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The U.S. economy has begun to destroy jobs, after five months of net creation. In June, the number of job losses in the U.S. totaled 125,000 jobs including in the public, according to figures from the Labor Department. The figure was pulled down by the public sector, the end of the census causing the departure of 225,000 temporary workers hired for the occasion.

More importantly, the private sector alone has created 83,000 jobs. Is much better than the 33,000 net new jobs in the month of May However, analysts expected a figure close to 112,000.

This increase is due to "modest increases in various industries." The leisure industry in particular has created 28,000 jobs before the summer. Business services hired 21,000 people. Note, the industry continued to create jobs (9,000).The construction sector has meanwhile also destroys jobs (22,000), hit by a decline in new construction.

Despite the destruction of jobs, the unemployment rate, calculated on a different basis, for its part fell 9.7% in May to 9.5% in June The Labor Department said the decline by reducing the workforce and the growing number of discouraged workers who no longer work.

While Wall Street and European markets suffered heavy losses Thursday, stock markets in the Asia-Pacific have taken the path down this Friday, a day after sitting flat.

Around 6.45 am, the Nikkei 225 abandoned nearly 2% to 9731 points, rapidly away from the 10,000 points mark. Consumer prices in Japan excluding perishables, fell 1.2% year on year in May, the fifteenth consecutive monthly decline, said Friday the Ministry of Home Affairs. Excluding not only nutrition, but also energy, consumer prices appear down 1.6% over one year.

Elsewhere, the mood is gloomy, with Hang Seng (Hong Kong Stock Exchange) that descends from 0.65% to 20,599 points, the S & P / ASX Australian yields 1.4% to 4417 points, and Straits of Singapore who drops more tentatively 0.1% to 2844 points.In India, the Bombay SE 30 was down 0.73% at 17,600 points.

The yuan continues to rise

In China, Shanghai fold from 0.69% at 20,590 points. On the eve of the G20 Toronto, Chinese President Hu Jintao called on Thursday for a fresh start and a strengthening of relations between China and Canada, despite some disputes.

The Central Bank of China has also set an exchange rate of yuan against the dollar lower on Friday, which means that the yuan appreciates.The institute has decided on a central parity of 6.7896 yuan against the dollar, 0.3% higher than the 6.8100 yuan to the dollar yesterday.

In its statement, the central bank said it wanted to keep the yuan "basically stable", a term required to show its willingness to avoid any sudden movement of the currency.

The oil also

Crude prices were up Friday in electronic trading in Asia, investors wanting to believe in some indicators better than expected in the United States despite doubts about the U.S. economy. The barrel is 76.65 dollars.

Thursday, across the Atlantic, new jobless claims in the U.S. fell for the first time in three weeks, more than expected, but the new orders for durable goods fell for the first time in six months in May from particular down by purchases in the aviation sector.

The Paris Bourse is in the green: After opening up shy of 0.3% to 3567.99 points, the CAC 40 is accelerating its progress towards 9.30, with an increase of 0.67% to 3581.17 points. After Thursday's rebound, which has won 40 of auCAC 1.59%, investors want to continue in the green, ignoring the pause in Asian markets this morning, one that has also been chosen by U.S. operators yesterday. The Dow Jones, which had won 2.25% Wednesday, finished the balance 0.06% Thursday.

The wait should also dominate this session before the release of highly anticipated monthly report on U.S. employment, which will be published early this afternoon. Yesterday, the markets have had a foretaste of what awaited the publication of a fall, slightly above expectations ds, the weekly number of new unemployed (453,000).The firm ADP, meanwhile, announced that the private sector was announced in May its fourth consecutive month of net job creation (55 000). Despite these figures, the head of the U.S. Federal Reserve (Fed), Ben Bernanke, said he still worried about the employment situation overseas. An hour after the publication of the report, the Fed chairman Atlanta, Dennis Lockhart will speak on the economic outlook and the banking environment.

Note that the second estimate of euro area GDP in the first quarter will be unveiled in the morning.

Rumors about Valeo title propels upward

Valeo recorded the largest increase in the Parisian market, gaining 6.93%.The automotive supplier would consider a delisting, the sale of a business or a merger with U.S. rival, says the New York Times this morning, noting that Bank of America – Merrill Lynch has been appointed to investigate these scenarios.

In an interview with Les Echos published Thursday, Industry Minister Christian Estrosi, spoke in favor of a rapprochement between the players of the electronics and embedded software as those of Thales. The title ahead of 0.69%.

CGG Veritas allows itself 1.49% after the Strategic Investment Fund (ISF) is mounted in its capital to the tune of just over 170 million euros, or 6% of capital. Other oil stocks also posted good gains. Thus, Total (1.59%), Technip (1.73%) and Vallourec (1.54%) appear among the highest increases in the Cac 40.

Leading the index are this morning Alcatel-Lucent (2.34%) and ST Microelectronics (2.06%).Both tracks benefit from a higher perspective of microprocessor sales by Gartner.

France Telecom (1.53%) announced Thursday it had abandoned its proposed merger with its Swiss subsidiary Sunrise, a subsidiary of TDC, but did not specify its intentions for other building projects in the country.

Airbus is Boeing's double

Airbus, a subsidiary of EADS (0.61%), registered 73 net orders from January to May, but still lagging behind U.S. rival Boeing, which has registered 111, according to the trade balance of the two aircraft manufacturers.

BPCE, parent company of Natixis (1.27%), formalizing the merger Thursday holdings of shares of Banques Populaires and Caisses d'Epargne.

BNP Paribas (0.39%), which Fortis bought at the height of the financial crisis, announced Thursday an agreement in principle to merge its Turkish subsidiary with that of the Belgian bank.

Axa gained 0.72%.National Australia Bank has found three candidates may be interested in acquiring a platform investment Axa Asia-Pacific by Australian newspaper on Friday.

Atos Origin (+0.88%) have submitted a bid for the resumption of WorldPay, a subsidiary of Royal Bank of Scotland, according to sources familiar with the matter.

Saint-Gobain (0.39%) has a bearing on the title of recommendation by HSBC, which goes from "underweighted" to "neutral." Jean-Louis Beffa, the chairman of Saint Gobain, has formalized his departure at the annual general meeting Thursday.His successor, Pierre-Andre de Chalendar confirmed its objective of a rebound results in 2010 and said to expect solid growth in operating income in the first half, compared to the same period last year.

Air France-KLM (0.71%) is considering an annual loss of 300 million euros this year, burdened by the cost of its fuel hedges, reported The Tribune.

Sanofi-Aventis (+0.32%) has signed an exclusive worldwide agreement in the treatment of cancer with U.S. biotech company Ascenta, the company said Friday.

After closing in the red Thursday, almost all the CAC 40 woke up green this Friday at 4022.66 points, excited by the great increase of Wall Street. And closed, its momentum, to 4050.54 points, up 1.81%, exceeding its peak.

The London Stock Exchange and Frankfurt have also recovered well in the wake of Wall Street, buoyed by an upturn in consumer spending … The London FTSE 100 closed up 1.02% to 5770.98 points. The German Dax closed up 1.26% to 6249.70 points.

Thursday evening, the CAC 40 lost 1.20%. After rising almost continuously since February. The index had been weakened by fears of renewed solvency of Greece.

The lifeline of the ECB

Fears eased by the reassuring words of Jean-Claude Trichet, called "lifeline" by the Greek press.The President of the European Central Bank, rejected any risk of contagion to other countries, like Italy. He also assured that a default of Greece was "beyond question". In fact, the President of the European Union, Herman Van Rompuy, promised Friday that the Europeans are "ready to intervene if the Greeks call" and implement a plan of assistance involving the IMF, which Greece seems to want to avoid. French President Nicolas Sarkozy confirmed: the European Union is ready to activate its plan "at any time" bad credit payday advance.

These incentives have led to a rebound of the euro against the dollar above $ 1.34 this morning, then at 1.3385 dollars this afternoon. Volatility remains a must.After being stretched to 7.5%, the yield on loans to 10 year-old Greek, too, calmed a time, returning this morning to 7.2%. It said Thursday that Athens be able to reduce its deficit by 40% YoY in the first quarter.

The Greek situation remains fragile. The rating agency Fitch has lowered a few minutes from the end of Paris, noted the long-term debt of Greece, from BBB + to BBB-. This could well lead Greece to seek EU aid promised on March 25 …

According to strategists at BNP Paribas, investors await the issuance of treasury bills by Greece on Tuesday to assess the ability of countries to find core funding.Markets await the second season launch of results from U.S. companies, with Alcoa on Monday.

Side values, in Paris, the banks have been resilient, despite their exposure to Greece, to the tune of fifty billion euros. This does not raise "no particular concern, said Friday the governor of the Bank of France Christian Noyer, even if the French regulators monitor" closely "the situation.

The rising price of rubber has instead penalized cars, Michelin (-0.08%) signing the only declines the CAC 40.

The luxury group Hermes has published its results on Thursday throughout the year 2009. Its net sales increased 8.5% to 1.914 billion euros. The statement said all areas are growing with the exception of Japan and is mainly the leather industry which has boosted sales. Its operating profit rose 3.1% to 462.9 million euros and its operating profitability reached 24.2% of sales against 25.5% in 2008.

Group profit is down very slightly, falling from 290.2 million from 288.8 million to cover the damage. At the General Meeting to be held June 7, 2010, the proposed dividend per share of 1.05 euro will be payday loans no teletrack .

The investments of Hermes in 2009 were mainly devoted to enhancing production capacity and its distribution network.The group plans to continue this year to develop its distribution network with the opening of twelve branches, including the new store Rue de Sevres in Paris and a second branch in New York on Madison Avenue, first store dedicated entirely to the masculine.

At the Paris Stock Exchange on Thursday around 9:30 am, the title lost nearly 1.5% at 103.6 euros.

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The mobilization will she go in this Tuesday, two days in a large loss of the right in regional elections? Six unions (CFDT, CGT, FOR, FSU, UNSA, Solidaires) called on employees of public and private to a national day of action aimed at influencing government policy on political and social. At midday, the department estimated 21% share of the striking teachers, estimated at 40% for the SNES-FSU, while 11.45% of the postal employees would have mobilized in the direction. At the station, the strike rate was estimated at 28% by management, and 32% by the CGT. At RATP, it s'l?verait to 14% depending on the direction, the CGT-RATP not yet have figures to communicate. 180 rallies are also planned throughout France.

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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Photo credits: AFP