At The Core
World News
The executive employment rebounded with the recovery
Virtuous circle. According to the Quarterly Business Tendency note published today by the Association for the use of frameworks (APEC), the upturn in the market for the employment of executives, up 10% yoy in the first quarter, will persist throughout the year. "This should result in increased recruitment of executives between 3% and 10% on the year," welcomes APEC. More than one in two firms planning to hire at least one frame in the second quarter of 2011, or 10 points higher than last year, and 17 points more than two years ago, during an economic crisis.Levels of recruitment have found their rhythm early 2008.
Graduates or experienced managers
Almost all sectors benefit from this improvement, including industry (59% of companies in this sector have recruited at least one frame during the first three months of the year, or 12 points higher than a year ago) , engineering, R & D (86%), consulting and business services (55%) and computer services (90%). Only construction and medico-social results show lower than last year at the same time, "although the outlook remains favorable to recruit" Apec shade.
If young professionals with several years of experience are always' the prime target for recruiters, "a beautiful part will also be reserved for graduates and highly experienced executives, unloved in recent years.Hiring intentions are regarding the effect on net increase over last year: nearly one in two firms who will recruit in the second quarter and has given his chance at a fresh graduate or a manager over twenty years of experience payday loan lenders. Be, respectively, increases of 14 and 11 points in one year.
48 applications per offer
Recruitment target mostly business executives (42%). But the improvement in the industry will also lead to increased recruitment in specialized functions of production sites and technical services such as maintenance, procurement and quality.Technical studies, especially popular in engineering and R & D progress on these six points in one year to reach one in four businesses now.
Replacement of departures (for retirement, resignation …) remains the main explanation envisaged recruitment (41% of cases). But more than a third of firms cite as the business development as the main reason for recruitment.
Last sign of a strengthening labor market frameworks: a job entrusted to Apec has generated, on average, 48 applications during the third quarter of 2010. Ten less in a year. Employers are more likely to report difficulties in finding suitable candidates – 61% against 55% last year – even if the trend is still to longer delays in recruitment.The share of hires still being three to six months after the publication of the offer is stable at 23%. And this especially in functions where the offerings attracts fewer candidates: computer (72% recruitment difficult), and R & D studies (68%) and industrial production (67%).
The CAC 40 lost on the week of 2%
Parisian investors remained very cautious this weekend. After playing with a yo-yo around the figure of 4,000 points, the CAC 40termine on a tentative increase of 0.10% to 3974.48 points. The market remains cautious, with a somewhat expanded level of transactions to 3.5 billion euros.
In London the FTSE-100 index ended on a sharper increase of 0.54% to 5996.01 points. The DAX index of the Frankfurt Stock Exchange also ended with a gain of 0.44% to 7178.29 points.
After opening in the green, the benchmark index in Paris was retaken in negative territory, before settling at 3969 points (-0.04%) in mid-session, uncertain before the publication of a series of macroeconomic statistics both sides of the Atlantic.Furthermore, the return on debt fears of countries in the eurozone, Greece and Ireland head resurfaced, while the rating agency Moody's has once again degrade the debt of Ireland, lowering two notches.
Yesterday, the CAC 40 dropped below the symbolic threshold of 4,000 points, accelerating losses in mid-session and closing down 0.90%, weighed down by disappointing figures for employment and inflation across the Atlantic and especially the fears about a possible debt restructuring, Greek, and the persistent inflationary pressures. Over the entire week, the CAC 40 lost 2.15%.
Asian stock markets have evolved in concert, all in the red after disturbing to Chinese statistics.
Dominant macroeconomic
In this context, corporate and macroeconomic news, very rich on Friday, has monopolized the attention of investors, especially with inflation thematic publications on the subject in the eurozone and the U.S..
Macroeconomic side effect, investors have learned from Paris 8:45 numbers of new businesses in France. In March, they rose by 11.2% over the month, according to figures released by INSEE.A total of 52.819 companies were created during the period, against 47,501 the previous month.
The Paris markets were then alert in the morning, the foreign trade figures for the eurozone in February, marked by a trade deficit of 1.5 billion euros in February, and those of inflation for the month March, revised up to 2.7% (against 2.6% before).
Overseas, the index of consumer prices, published by the Labor Department, up 0.5% from the previous month, seasonally adjusted data, unchanged from February, when the inflation on a month reached its highest level since September 2008.
The Empire State Index said was also expected: it appears to 21.7 in March and 17.50 against 16.90 expected by economists.Industrial activity in the State of New York in April saw its strongest growth this year and under-employment index is at its highest since May 2004, announced the Federal Reserve Bank of New York.
Other major U.S. index published on Friday, industrial production rose 0.8% in March, supported by the rebound in activity in the production of electricity and the strength of the manufacturing sector. Economists on average had expected a rise of 0.5%. Finally, the morale of American households began using this index of consumer confidence from the University of Michigan he moved temporarily to 69.6 for April, while analysts were expecting the decline.
After beginning the week down sharply, oil prices also encourages caution on the Paris exchange. It took off again for two days in the wake of a weakening dollar.In morning Asian electronic trading, a barrel of light sweet crude for May delivery took 38 cents to 108.49 dollars before settling at 108.11 dollars in mid-day. About 18 hours, it reached 109.42 dollars, up 1.19%.
As for currencies, the euro was down against the dollar on Friday. About 18 hours, the euro bought 1.4446 dollars, down from 0.28%.Monday and Wednesday, the European single currency reached 1.4520 dollars, its highest since Jan. 14, 2010.
A battery of turnover in the crosshairs
The side of values, the news is microeconomic richer because of early publication of the turnover of the companies under their first trimester no fax payday loan.
Penalized by the continuing crisis in the euro area, the banks, including BNP Paribas (-1.03% to 52.10 euros) and Societe Generale (-0.90% to 45.225 euros), weighed heavily on the CAC 40.Crédit Agricole lost 1.87% to 11.255 euros, thus completing the second biggest drop of the ACC behind Renault and Natixis 1.66% to 3.962 euros. The unexpected drop in quarterly earnings from Bank of America also weighed on the banking sector.
Conversely, L'Oreal (1.97% to 83.89 euros) signs the largest increase in the CAC 40 in front of Danone (1.76% to 48.595 euros).The latter has the highest gain on the week (3.71%).
Schneider Electric (-0.14% to 109.85 euros) tumbled 9.55% on the entire week. The group has repeatedly denied rumors of any rapprochement with Tyco International.
Sanofi-Aventis: + 1.35%, to 51.86 euros
The lab announced that clinical data from phase II and five years on its positive product alemtuzumab in multiple sclerosis.In addition, the group was looking to divest activities in the U.S. dermatology.
GDF SUEZ: + 0.52%, to 27.235 euros
A consortium of CNP Assurances (-1.32% to 15.36 euros) and the Caisse des Depots (CDC) conducts advanced talks to buy back 25% of GRTgaz, the structure which manages the pipeline of GDF Suez in France for 1.1 billion euros, announced the two parties.
Carrefour: -1.40% to 30.60 euros
The supermarket group has not convinced investors on Thursday confirmed its objectives for 2011, after a quarterly sales in line with expectations.Emerging countries (Asia and Latin America) have offset sluggish activity in Europe.
Alcatel-Lucent: -0.94%, to 4.113 euros
The group plans to sell its division of marketing of mobile and telecom equipment companies, said on Thursday from three sources familiar with the matter, confirming a report in the Wall Street Journal.
Total: + 0.08%, to 41.675 euros
The oil giant said Thursday a proposed purchase of half the capital Tenesol it does not already own at EDF, excluding overseas operations, in order to develop solar energy.
Assystem: -0.12%, to 16.63 euros
The group was in exclusive talks to buy back the family group of services to engineering MPH (90 million euros in turnover in 2010), allowing it to develop in the oil and gas sector.
Rhodia: 0.05%, to 31.315 euros
The specialty chemicals announced Thursday a plan to divest its activities Novacap salicylate and paracetamol.The title remains aligned with the price of the takeover offer (31.60 euros) launched by the Belgian Solvay April 4 last.
Pierre & Vacances: -4.05% to 60.10 euros
The group announced Thursday that bookings for its European division were "broadly comparable" to that of last year, after increasing its half-year sales.
Mercialys: -0.05% to 28.120 euros
Casino Land subsidiary, announced a 7.1% growth of its rental income in the first quarter to 35.9 million euros, up 5.0% in rents charged.
Stallergènes: + 0.19%, to 58.22 euros
The pharmaceutical company specializing in the treatment of allergies, has announced an increase of 12% of its quarterly revenue and said it could raise its growth target of 5 to 7% of its annual sales in light of its interim results .
Eiffage: -0.39%, to 42.96 euros
The Réseau Ferré de France (RFF) announced Thursday it had confirmed the final allocation to the group's contract to build the high speed line (HSL) Bretagne-Pays de la Loire, with a view to coming into force in summer .
Note that Aéroports de Paris (1.25% to 62.32 euros) will release the figures after market air traffic for the month of March.
The rebound is confirmed by the Paris Bourse
Achieved. Shaken by the deteriorating situation in Japan's nuclear, the CAC 40 was able to reconnect with the 4000 points in mid-session, after finishing on Tuesday a net decrease of 1.54%, below the psychological threshold. On Wednesday traders try so successful ascent, in the footsteps of Asian markets. The CAC 40 advanced 0.79% to 4,008.04 shortly after midday.
Same trend in London and Frankfurt. After opening in the green, clinching the two exchanges respectively 0.97% and 0.85% in mid-day.
Markets react without panic to the new aftershock of magnitude 5.8 that struck today north-eastern Japan and shook buildings in Tokyo. In addition, they host without the excessive pessimism downward revision of economic forecasts of the archipelago by the government.In a report, it says that the earthquake, tsunami and the nuclear disaster that struck the country will impact on a "temporary" consumption and consumer confidence, exports, industrial production and employment. The triple disaster, whose total cost amounts to about $ 300 billion, will require a supplementary budget of 4000 billion yen (33 billion). "The economy, which was improving, experiencing a phase of weakness, because of the consequences of the great earthquake northeast of Japan," says the government.
Gust Statistics
In this context, progress is therefore no euphoria. Especially since many key indicators are expected to analyze both sides of the Atlantic.In France, consumer prices rose 0.8% in France in March from the previous month and one-year inflation accelerated to 2%, show statistics released Wednesday by the INSEE.
In the euro zone industrial production rose 0.4% in February compared to January, when it grew by 0.2%, according to data released Wednesday by the EU statistics office Eurostat.
In the U.S., retail sales and March business inventories for February will be at the rendezvous, like the weekly oil inventories. The Fed's Beige Book will also be particularly scrutinized for 20 hours across the Atlantic.
Side of the oil markets, time is decreasing. Concerned by the level of demand, investors pull down prices.Shortly after noon, a barrel of light sweet crude for May delivery, accounts for 0.29% 106 $ 56.
On the currency markets, the euro rises against the dollar and reappears slightly above $ 1.45.
Total in the viewfinder of S & P
As for values, Alcatel-Lucent (6.16% to 3.997 euros) recorded the largest increase in the CAC 40 to Accor (2.30% to 30.875 euros). Alcatel is supported by an increase of recommendation from Morgan Stanley to overweight value, weighting cons before.
Schneider Electric: + 0.09% to EUR 113
The group has denied this morning to be "currently" in discussions with Tyco International today.The Daily Telegraph announced Tuesday that Schneider Electric had sent a letter in which he showed his interest in an offer of $ 30 billion on Tyco International, from the perspective of giving birth to the world's leading security systems.
Areva: -0.10% to 30.89 euros
The nuclear expert said Wednesday it has won a contract for the installation of a solar thermal concentrator coupled to the coal-fired Kogan Creek, operated by CS Energy in Australia.
Total: + 0.75% to 42.255 euros
Standard and Poor's lowered the long-term credit rating of the oil group to "AA-" cons "AA" previously, with stable outlook.
Casino: -0.80% to 69.76 euros
The group confirmed on Tuesday after its goals have increased sales by 18.8% in first quarter 2011 due to changes in the portfolio in Brazil and Thailand as well as confirmation of the reorganization of Leader Price.
Credit Agricole + 0.26% to 11.73 euros
The bank president, Jean-Marie Sander, said he was confident the group's business in Japan, noting that the country's economy and its banking system remained strong despite the disaster of 11 March.The chairman of the management company of the bank's assets in Japan, Christian Romeyer said his side that the Japanese savings does not seem dramatically affected by the crisis.
Renault: + 1.52% to 38.32 euros
CEO Carlos Ghosn would not "abandon ship" when the false espionage scandal has unsettled the French group, which must now focus on implementing its strategic plan, said in an interview with Les Echos on Wednesday.
JCDecaux: + 0.26% to 23.01 euros
A group of shareholders of Affichage Holding, Geneva company 30% owned by French group, said the board of directors to court for 150 million Swiss francs (115.6 million euros) after an acquisition in Greece resulted in significant losses.
Vinci: + 1.30% to 43.35 euros
Under the contract LGV Bordeaux Tour, the group selected in March 2010 to build and operate this path, calling for several weeks an extension to the original contract of 7.2 billion, according to information of Figaro.
After market, Kaufman & Broad will release its first quarter results, Fleury Michon announce its results for the fourth quarter of 2010 and its turnover in the first quarter of 2011. Cegedim and Etam will publish their results for the fourth quarter and Camaïeu will unveil its turnover in the first quarter.
Lactalis takes more weight in the Italian Parmalat
The General Assembly of shareholders of Parmalat, 12 April looks tense. While the rise in the dairy group Lactalis trans caused a stir in Italy, the company headed by Emmanuel Besnier announcement having captured 29% stake in Parmalat.
Holding 11.42% last week and 13.67% on Monday, Lactalis has indeed reached an agreement with three foreign investment funds Zenit Asset Management AB, Skagen AS and Mackenzie Financial Corporation to redeem their participation by 15.3% . According to the Italian press, the three shareholders would be fiercely opposed to the current chairman, Enrico Bondi, he intends to land.
Anyway, Lactalis is more than ever the majority shareholder of Parmalat.And although the group Laval did not intend to hold more than 30% of Parmalat, which would have to launch a takeover bid in the Italian securities laws, this absolutely does not like the Italian government and in particular Economy Minister Giulio Tremonti. The latter intends to take measures to defend domestic firms when they are considered "strategic payday advance lender."
Italy wants to counter Lactalis
To block the road to Lactalis and funds, the Italian government said "very favorable" to an alliance of investors across the country.Intesa-San Paolo could be the pivot while the dairy group Granarolo and giant chocolate Ferrero (Nutella, Kinder) have expressed their interest.
After that LVMH has offered the jeweler Bulgari and EDF talks with Italian Edison shareholders to reach agreement on the control of Edison electrician, Italy could see another national treasure in the hands of French companies . Not to mention that Groupama would take a share of the holding Premafin and that the airline Alitalia is 25% owned by Air France KLM since 2009.
In this context, France's ambassador to Italy, Jean-Marc de La Sabliere, was received on Thursday by Minister of Economy Giulio Tremonti and Deputy Secretary of the Presidency Gianni Letta, the right-hand Silvio Berlusconi, to be informed of the position of Rome who wants the "rules of reciprocity."
Didier Migaud, it's not just the TFR reform
"In Germany, they were clean before us." This Sunday, Didier Migaud first President of the Court of Auditors, relied on the report of the institution on fiscal convergence between France and Germany to remind the Government that the tax reform should focus on removing tax loopholes . It is a matter to be "addressed first," he told the Europe 1 radio mic.
Didier Migaud, the finding is indeed clear: "The attitude of the income tax is too narrow and too often questioned."It calls for review of certain practices, such as "devices in Overseas" and "tax loopholes on corporate taxes" that may "cause problems" or "tax loopholes on tax income, which can be considered to excessive levels and contribute to the tax on income from a certain point, becomes regressive. It raises issues of tax justice, "he says.
Do not focus on the TFR
The president of the ECA is concerned that the current debate, focusing on the TFR, not moving in the wrong direction cheapest personal loan rates. Of course, "reform may well be envisaged" because this tax "now has a rate higher than the original even though the return on capital is now lower than at its inception" .However, the ISF must "not necessarily be the main topic" of discussion on tax reform, led by the government. "When you look at the weight of the ISF in the French tax system: 4 billion euros in revenues, while the overall property tax is around 33 billion euros," he recalls.
Conversely, tax loopholes should be the central concern "given the explosion we have witnessed in recent years," he says. He added that "the consequences of the 2011 decisions in terms of reducing fiscal and social niches are low. The student can do better. "
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Housing: rents rose 2.5%
The consumer association CLCV it was moved to September. If they confirm the acceleration of rent increases in 2010, figures released Tuesday by the observatory, however, are considered Clamor by experts as moderate compared to the surge of the early 2000s.
In 2010, rents for new leases and renewals of leases in the private park have increased on average by 2.5%. "This modest increase in the rents-called market-is above inflation (1.5%) but remains below the annual average (+3.2%) recorded since the establishment of this observatory in 1998," says Mouillart Michel, professor of economics at the University of Paris X, and author of the study. Above all, it follows three years of dormancy. Rents had increased by 2% in 2007 and 1.6% in 2008 before stagnate (+0.1%) in 2009.A downturn that resulted directly from the surge in previous years. In 2000, the annual growth rate reached 6.5%.
The studios in mind
In 2010, the rent of "market" has averaged at 12.3 euros per square meter. However, prices can go down to 3.5 euros/m2 or climb up to 54 euros/m2. The studios are always more expensive, 16.4 euros/m2 average, while the 5 rooms or more have average rents of 9 euros/m2. Waterfront also plays. It is in Lorraine (+ 3%), in Central (+3.4%), Ile de France (+3.3%) but especially in Picardy (+ 4.9%), Limousin (+ 5.2%) or in the Nord Pas de Calais (+5.8%) as rents have suffered the highest inflation instant credit report. The towns of Montreuil, Seine-Saint-Denis (+7.4%), Villeurbanne in the Rhone (+ 7.3%) of Rueil-Malmaison in Hauts-de-Seine (+6.8%), or yet Lyon (+5.9%) experienced dramatic increases in rents.In comparison, the capital took only 3.2%, while Cannes and Neuilly s / Seine saw the rent down.
Rising rents are much higher when the owners recover their property on the market after the departure of former tenant. It has reached 5.6% in 2010. The completion of work before the delivery of goods on the market also has an impact. Rents increased by 7.9% and in case of improvement, housing, 3.8% for routine work. The price sometimes may even decrease (0.3%) if no work is done without any rehabilitation. According to the observatory is the case for 25% of housing provided for rent.
For tenants, the trend is the same.The benchmark rents (IRL), which is the basis for the revision of rents, won 1.45% in the fourth quarter of 2010, its biggest gain in almost two years.
For 2011, the increase, mainly due to increased mobility of the French after the economic crisis and lack of housing in the most dynamic regions, should be "comparable to that of 2010, or about 2.5% says Michel Mouillart.
(With AFP)
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The title goes to the restaurant, smart card
Finished the paper, the title goes to the restaurant smart card! This small digital revolution, become the norm for millions of employees living in Latin America, will arrive in France. It should become a reality in the coming months. "Is it 2011? Clearly not. But in 2012, certainly, "says Jacques Stern, Chairman and CEO Edenred first issuer of restaurant in France, with its" Ticket Restaurant "(36% market share in 2010).
"Saint-Gobain off again on the offensive"
Saint-Gobain issued yesterday its results for 2010. CEO discusses the year 2011 with confidence, to be particularly marked by the IPO, from the second quarter of a minority stake in Verallia, its center of glass packaging.
LE FIGARO – The crisis has ended for Saint-Gobain?
Pierre-Andre de Chalendar – Saint-Gobain is out of the crisis. Last year, our environment was still recovering, but our turnover grew by 6.2%. While we did not find the activity level before the crisis. But the evolution was positive in 2010, including year-end despite the harsh climate in Europe. Especially, our operating income increased more than expected, 41%, to 3.1 billion euros. These good results, we have two elements. On the one hand, we managed to raise our prices by 0.8% on average.On the other hand, we saved 600 million euros, bringing the efforts of 2.1 billion euros over three years. In addition, Saint-Gobain was again reduced debt – 1.4 billion euros. Following this crisis, the group became agile maneuvering.
The movement will continue there in 2011?
I am convinced that the return to growth, yet very contrasting last year, will continue this year. The activity will remain very strong in Asia and Latin America. And in the major Western countries, there should be a restart, including France, Germany and Poland. In these markets, the green growth is already a reality. In France, under the effect of standards in favor of greater energy efficiency, sales of glass wool insulation or glazing "low emissivity" is very much in progress.In this context, Saint-Gobain renewed the offensive on all fronts. We will invest 500 million euros more in 2011, both in emerging and in our new businesses. We will now take double the capacity of our factory glass wool Chemillé, Maine-et-Loire, opened in 2010.
Will you also make acquisitions?
Yes, we will certainly be more acquisitions this year.Three targets we want: our business in emerging markets, companies specialize in energy efficiency and those in the distribution of building materials in Europe in countries where we already have a strong presence.
How do you cope with the rising cost of raw materials?
Last year, the increase – from iron, asphalt, energy … – accounted for an additional cost us 200 to 250 million euros that we have more than offset by higher prices. That will remain our priority in 2011, knowing that the increases we face are greater than in 2010.
During the revolts in Arab countries do not they call into question your interest in emerging markets?
Absolutely not.Our goal is to achieve within five years 25% of our sales in emerging countries as against 19% today, remains valid. But these moves reinforce my belief in the need for a group like Saint-Gobain to spread risks. This was true for China. This also applies to the Middle East, which represents 0.5% of our turnover. In Egypt, even at the height of the crisis, our glass factory inaugurated in November 2010 continued to run. And we are not present in other countries (Libya, Yemen, Tunisia …).
You've done a line of solar development. What do you think of the provisions concerning the photovoltaic sector in France?
To develop an activity, the industry needs stability.However, in France, the rules that we are given for final change every six months! Then it is necessary to subsidize the technology startup, you must register in a process where, ultimately, subsidies disappear.
Wendel has been sanctioned for failing to comply with the rules when it enters your capital in 2007-2008. This changes does your relationship with your largest shareholder?
No.
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Wall Street takes a break
U.S. stock markets opened quietly Thursday. In early trade, the Dow Jones dropped slightly from 0.02% to 11,742 points, the Nasdaq 0.12% cowardly to 2734 points and the S & P lost 0.01% to 1286 points.
On Wednesday, Wall Street has soared to heights not seen since August 2008, before the bankruptcy of Lehman Brothers, reassured, as European stock markets, the success of the auction Portuguese.
The publication of the Beige Book for the U.S. central bank has also accelerated the upward end of the session. The Fed has seen growth "moderate" at the end of 2010, it nevertheless welcomes a strong industry activity and signs of improvement in U.S. employment front.
On the foreign exchange market, the euro is rising again against the dollar.At the opening of markets, the euro bought 1.3313 dollars against 1.3128 dollars on the previous evening.
The trade deficit is reduced
On the macroeconomic front, several indicators were expected:
– The weekly jobless claims rose in the United States during the week to January 8, 410,000 to 445,000 cons (revised) the previous week, said Thursday the Labor Department. Economists on average had expected 405,000 registered unemployed. The entries of the week from 1 January were revised up from an initial estimate of 409,000.
– The trade deficit narrowed slightly in November, against analysts' expectations, according to figures released Thursday by the Commerce Department.The trade balance posted a deficit of 38.31 billion dollars, while the market was expecting a widening of the deficit to 40.50 billion dollars.
– The producer prices rose more than expected in December, driven in particular by the cost of energy and food sectors. The Labor Department announced Thursday an increase of 1.1% after rising 0.8% in November. Analysts had expected an increase of 0.8%. Excluding food and energy, producer prices have been 0.2% in December, a figure consistent with the consensus, against a 0.3% gain the previous month. It is this component of the index that monitors the Federal Reserve to measure changes in inflation.
Also note, the World Bank predicts slower growth for the global economy in 2011, according to its semiannual forecast released Wednesday, and alarmed by a return to soaring prices of 2008, which had particularly affected commodities.
Record seizures in the U.S.
In the property sector, more than a million homes were seized in the United States in 2010, a new annual record, said Thursday the firm specializes RealtyTrac. These foreclosures were up 14% from the previous record hit in 2009, said RealtyTrac, which publishes every month a monthly survey procedures for entering the United States since January 2005.
This total would probably have been higher without the scandal provoked by the revelation in September, irregularities in the treatment of thousands of seizure procedures, which forced most banks to pause in their performance records.
Caution before the results of Intel
The side of values, the rating agency Moody's announced Wednesday that it degraded by one notch from A3 to Baa1, the rating of U.S. insurer AIG (1.47% to 59.26 dollars ) nationalized 80% by 2008, the day it announced it would reimburse the Federal Reserve Bank of New York by Friday. "If the heart of activity in the insurance industry has stabilized over the past year, it is not sufficient to justify the previous note in the absence of continued government support," the agency said.A few hours earlier, AIG said it planned to complete its recapitalization plan on January 14 at the latest, even if it is not yet certain.
Always on the side of values, investors should play the card of caution on technology stocks before the publication of the results tonight from Intel (-0.34% to 21.23 dollars) Indeed, as noted by the specialists Aurel BGC, "the PC market in the fourth quarter was very dynamic." According to IDC, PC shipments are up 2.7% yoy against 5.5% expected by the firm. Sales in the U.S. are down 4.8%! Estimating Gartnet is more optimistic, with growth of 3.1% against 4.8% expected but shipments to the U.S. fell 6.6%! The strong sales iPad explain some of this disappointment.
Indeed, Intel does not benefit from sales growth of Internet tablet.However, according Garthner, Apple (-0.09% to 344.10 dollars) would experience a 24% growth in shipments during the quarter and increased its market share in the U.S. to 9.7% against 7.4% previously.
The Exchange is sowing panic in Bangladesh
The police charged with batons, tear gas and water cannons. Photo credits: ANDREW Biraj / REUTERS