U.S. exchanges around the equilibrium

Wall Street began the week slightly up on Monday after the Friday on sustained growth markets. The Dow Jones gained 0.18% at 10,585 points, the S & P 500 rose 0.17% to 1141 points and the Nasdaq ahead by 0.16% to 2330 points.

In the United States, week market will be under the sign of the American consumer. The two major economic indicators this week, published Friday, will be the sales details for the month of February and the preliminary estimate of consumer confidence. For specialists Aurel BGC, household consumption should remain strong after the employment figures released Friday very reassuring. Analysts fear, however, that severe winter weather does not disturb the profile of these two indicators in the short term bad credit payday loans

AIG jumped

On the side of values, the giant American Insurance, AIG, announced today the sale to MetLife’s part of life Alico for the equivalent of 15.5 billion dollars. The securities earn 4.88% to 29.45 dollars.

Apple (0.15 to 219.28 dollars) ended Friday at the highest in its history (3.93% to 219.00 dollars), said the release date of its Tablet PC iPad.

Hewlett-Packard: -0.35% to 51.85 dollars. The world of computers has announced Friday that it was revising downward its results for the first quarter of fiscal year 2009-2010.

Renewed weakness in Europe's stock exchanges

In the wake of Grants in Asia this morning, the CAC 40 on a downward trend during the early exchanges. It lost 0.53% to 3669 points before embarking on his decline of 1%. Elsewhere in Europe, the trend is downward as well.

The concerns are global investor sentiment is sealed by the debt problems of Greece, Spain and Portugal, "said Marcus Droga, associate director at Macquarie Private Wealth in Sydney, quoted by Dow Jones Newswires.The Stock Exchanges of Madrid and Lisbon have plunged Thursday, respectively, nearly 6% and 5%, because of the finances of Spain and Portugal.

For several days, observers and analysts worried about the state of public finances of these two countries, waving the specter of Greece, whose deficits and debt are so high that the European Commission decided Wednesday to put the country under a quasi-trusteeship.

Investors were also looking towards the United States.The employment figures in the United States will be published in early afternoon U.S. investors unwelcome Thursday announced an unexpected rise in the number of new entries to unemployment, to 480,000 last week, this which portends bad monthly statistics of employment, to be published Friday before the opening of Wall Street.

Finally, the finance ministers and central bankers of the G7 meet in Iqaluit, Canada.

Values automotive and banking suffer

In this context, only a few values derive their game well like France Telecom (+0.85% at 16.67 euros) and Suez Environment (+0.56% at 16.09 euros).

Conversely, values auto penalized by bad news on Toyota: Renault, Michelin and Peugeot respectively yield 2.22% to 32.98 euros, 2.05% to 54.86 euros and 1.97% at 22 42 euros.The finding is similar to banking stocks, the minister of New York accusing Bank of America to have hidden accounts of Merrill Lynch to obtain public assistance cash advance america . Dexia (-3.02% to 4.11 euros, Societe Generale (-1.78% to 39.35 euros), BNP Paribas (-1.40% to 49.14 euros).

LVMH (-4.28% to 77.96 euros), said that addressing the Year 2010 "with confidence", saw its sales fall by 4% on a comparable basis in 2009 to 17.053 million euros, with a return to organic growth (1%) in the fourth quarter alone.

Nexity (-3.20% to 26.35 euros) anticipates a fall in its turnover to around 2.5 billion euros in 2010, having recorded an unexpected increase of 6% to 2.838 billion in 2009.

EDF (-2.43% to 38.28 euros) has announced the formation of a tighter management, including the arrival of Thomas Piquemal, who leaves his post as CFO of Veolia Environnement to occupy the same positions within electrician.

Bureau Veritas, stable at 34.80 euros, would use its "strong cash flow generation" to make acquisitions in the first half of 2010 and it plans a gradual return to organic growth in the second half. The world number two of the certification issued a turnover in 2009 rose 1.9% to 2647.8 million euros.

Teleperformance (-2.12% to 24.48 euros) issued a turnover up 3.5% in 2009, but said that its sales had declined sharply in the fourth quarter, mainly because of degradation of its business in Europe.

Hermes (+1.51% at 98.55 euros) grew by 8.5% of its turnover in 2009 to 1.91 billion euros. In 2008, the French luxury group had a net profit of 290.2 million euros. Net income in 2009 will be released March 25.

Two other companies publish their turnover for 2009, Friday: Eiffage, stable at 37.14 euros, and Bongrain (-0.21% to 58.18 euros).

Cetelem creates an ombudsman

BNP Paribas, Societe Generale, Credit Agricole … banks have several years of mediators, solutions of last resort for customers unhappy or distressed. But, strangely, none of the institutions that specialize in consumer credit does not comply were risky. BNP Personal Finance, known in France under the brand Cetelem, just take the plunge.

"There is a big lack of image of the profession. Our image is very sharp contrast to how we work, "explains Thierry Laborde, deputy director general of BNP Personal Finance has chosen Marie-Pierre de la Gontrie to perform this function. A lawyer by training, vice-president of the Regional Council of Ile-de-France, Councilor of Paris, it is also national secretary of the PS in charge of civil liberties and justice."We chose Marie-Pierre de la Gontrie because we wanted an independent person and we are sure it will be," adds Thierry Laborde.

"The group has taken a very strong commitment, he pledged to follow the advice that I will. The company agreed to expose themselves, to stand under a light outside. It's an interesting move, "said the mediator who has just taken office.

The customer dissatisfied, troubled or having a particular application will turn initially to the service consumer payday loan companies . It receives about 800 applications per month.Only in a second time that the mediator will intervene if no common ground was found.

A record three refused

"The creation of the ombudsman is not a gimmick, it is a substantive approach, tangible proof that we still develop our customer relationships," says Thierry Laborde. A number of consumer credit in Europe, he faces a sharp decline in its market. The group, which currently refuses to apply for credit in three, is determined to remain selective. "Sometimes you say no in the interest of the client. Have a responsible approach to credit is knowing renounce the production of credit too risky for the borrower as the lender, "says Thierry Laborde. To grow, it relies on the pension, savings, credits for e-commerce and products designed for bank and insurance partners.Consumers themselves, the law still waiting on consumer credit which must include review of the wear rate and the revolving frame.

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USA: Banks in full uncertainty

Following the proposals made by Barack Obama in order to limit both the size of banks and their risk-taking, the banking and financial markets have reacted badly. In exchange, the bank shares continued to tumble yesterday began to regard the U.S. markets. Do not panic however, as the project of U.S. President does not imply that the industry feared most: a dismantling of the largest U.S. banks. However, fear of an escalation, particularly during the passage of these proposals to Congress was clear Friday.

Eager to appear aggressive towards large banks unpopular elected officials of both parties could, for example, insist on a return to the previous rules in 1999, prohibiting commercial banks from entering the market trades.This would lead to force a breakdown of major banking groups like Bank of America-Merrill Lynch, Citigroup and JPMorgan Chase.

This is not the will of the White House. But Republican John McCain and his Democratic colleague Maria Cantwell nevertheless, for several days, submitted a proposal to that effect. "It seems that many proposals of President Obama going in the right direction," said former Republican candidate for the presidency. "Let's try to solve problems," commented his hand to his Republican colleague from Arizona, Jon Kyl."Do not seek a scapegoat that diverts attention from the mistakes of this administration," stated the curator.

New Principles

The Democratic chairman of the Committee on Financial Services of the House of Representatives, Barney Frank is aware of the danger of an escalation to develop free business cards . While he endorses the new principles set by Barack Obama, seven months after the introduction of the reform project finance. But he said he is not totally prohibit the "own-account trading 'of the banks.

While banks such as JPMorgan Chase and Goldman Sachs would be proposed by the White House forced to get rid of some of their activities in the capital and to abandon some of their own trading account.But Barney Frank said, "it would be wrong to demand that banks are withdrawing quickly from all hedge funds and private equity funds involved." The influential Democrat feared the consequences of massive sales made in an emergency.

Tim Geithner, Treasury Secretary, has lost influence in the White House in this case. He was dismissed in June, the approach taken today by Barack Obama to reform Wall Street. He feared that it unnecessarily complicates the debate. Before a group of bankers, closed Thursday night, he confirmed his reservations. Geithner seems to feel that the activities listed are not those who most leaden banks.

The immediate fate of the reform is in the Senate. Other more fundamental questions remain to be resolved.Within both parties, Senators remain divided, for example, on the same principle to let the Fed any role in banking regulation.

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EU puts pressure on deficits

The EU executive has asked yesterday in nine countries to reduce their deficit below the limit of 3% of GDP by 2013. In this group, France is in the company of Germany, Spain, the Netherlands, Austria, Portugal, the Czech Republic, Slovakia and Slovenia. Few States to escape the vigilance of the police budget in Europe. Belgium and Italy are ordered to comply with this requirement of the Stability Pact in 2012. However, both countries have a grace period: Ireland may wait until 2014 and Great Britain until April 2015 to reduce their deficits. Already, the France and Belgium, deeming these goals unrealistic, have questioned the relevance of the deadline. Both want an additional year to satisfy the Commission.Greece, regarded as a bad pupil of the European class because of an excessive deficit, may be punished more quickly than other states.

"Deficit: Paris ready for showdown with Brussels

Air France: Pilots and management at the edge of divorce

Air France – KLM is a company in crisis. The crash of flight AF 447 had raised many issues internally but so far the pilot unions remained supportive of their leadership and particularly their new boss, Pierre-Henri Gourgeon, in place since the beginning of the year. Since one week break is consumed. "The picture is clear: we are experiencing a crisis management regarding flight safety," said Eric de Rivery, spokesman for the National Union of Airline Pilots (SNPL), the majority at Air France. This breach of trust creates conditions cause accidents. "

The gap began to widen in June when the company pilots had to fight for the replacement program pitot probe implicated in the accident flight Rio-Paris is accelerated.On October 15 a meeting between Pierre-Henri Gourgeon and overall supervision of drivers, including Le Figaro has revealed the content, increased the unease surrounding. The CEO of the company has created misunderstanding of its executives by refusing several proposals to strengthen security.

Last week, it is a management letter addressed to its pilots, and revealed by the Tribune, which finally set fire to the powder. It refocuses the drivers and warns of non-compliance with security procedures which have resulted in incidents. The mail goes to highlight "the surconfiance" drivers and "feel good about his plane at the point of granting deviations thinking coarse control risks." The company has recorded three incidents flight ops, that is to say in flight in two weeks including a go-around at 76 feet above the ground.These incidents are mentioned implicitly in the management letter. They have also all been an air safety report (ASR), that is to say a report by the pilots concerned. "Since the AF 447, there is great sensitivity about the subject, explains a part of the company NTP. But the incidents, it has all year. We remain as efficient as our competitors. "Pilots do not understand that incidents are" instrumented "by their management to question their competence and put in relation with the drama of flight AF 447.

The letter was immediately joined unions unanimously denounced for their part, the inertia of the leadership since the crash of flight AF 447.

"Go see the state"

Since June, two minority unions, the Union of Air France pilots (SPAF) and Alter, have cleverly captured the subject of flight safety.They include published early in a dissenting report on the accident flight AF 447 and threatened to strike if their demands for security were not answered. They call for establishing "a permanent monitoring unit" that can have access to air safety reports (ASR). In their view, such a cell might be more reactive during the first incidents of Pitot probes and encourage their replacement without waiting for the accident flight AF 447.

Since the weekend, the two organizations protesters were joined by large stable association of the company: the SNPL. "It is normal that we have differences on social issues, said Eric de Rivery, spokesman of the union.But we must speak with one voice on flight safety. "The unions have decided to contact Jean-Cyril Spinetta, who became non-operational boss of the company earlier this year to allow commands to Pierre – Henri Gourgeon. "And if we are not heard, we pass over, said Eric de Rivery. We do not forbid to visit the state. "For the moment, Dominique Bussereau, Secretary of State for Transport said it was monitoring the situation" very carefully ". It is not officially issue a strike, but unions did not exclude, "to weigh".

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Oil has spent the 80 dollars

On Tuesday oil has exceeded the threshold of 80 dollars per barrel in the Asian market for a few hours before declining to 79.75 dollars, a level that had been achieved over the past year amid a weak U.S. currency.

"Once again, these spectacular gains have been driven so far mainly by financial factors and the optimism of the market rather than supply and demand, and consider analysts JBC Energy in Vienna. "We see no reason that would prevent the money back within the range of 65-75 dollars. The production capacity dormant reached 6 million barrels per day in OPEC countries, refiners receive very low margins, demand remains sluggish in industrialized countries, "they say.

The forward price of black gold has accompanied a sharp slide in the greenback against other currencies.The euro / dollar on Tuesday still flirts with the symbolic threshold of $ 1.50 for 1 euro to 1.4970 dollars exactly 12:00, always on levels 14 months ago, triggering a wave of purchases of materials materials.

The fit of anger farmers

FNSEA, the defense organization of French farmers, expecting 40,000 protesters in the streets of France on Friday. At 12:30, the organization reported 52,000 farmers mobilized. "I believe that mobilization is really there," said Jean-Michel Lemetayer, president of the FNSEA. They want a plan to help 1.4 billion to fight against the drop in income from all productions. Occupying the ground and return to the front of the stage is the main objective of this national day of action that will be decisive in terms of participation for the credibility of the organization.

The Minister of Agriculture, Bruno Le Maire, said being "surprised" by the mobilization of farmers took to the streets to denounce their declining incomes. "There is a significant mobilization reflecting the confusion and anxiety of all farmers in France.Today, the entire agricultural France suffering, "said Bruno Le Maire, interviewed on BFM. "I'm not surprised" by the mobilization, he added, saying: "He meant this concern and respond." "We take all possible measures to help and we will do more in the days to come," he said.

Earlier, the Minister of Agriculture Bruno Le Maire said on France-Info on Friday he expected the exact figures of income for farmers in 2009 before proposing a "comprehensive plan of support" to the profession."They [farmers] can not both be responsible for such important issues as food security, health security, sustainable development, and also have income as unstable and subject to so many imponderables" , he said.

Specifically, traffic was disrupted in several regions due to these events. According to the National Clearinghouse Road Rosny-Sous-Bois, about 9 hours, traffic was disrupted in Haute-Garonne, with operations snail on the A62 and the D813 (formerly N113) around Toulouse.

On the N124, a barrier filter was introduced in the direction Auch v Toulouse. In the Cantal, the A75 was shut off and diverted into northbound due to an operation snail. 80 tractors to farmers include parties from Montauban to converge toward the center of Toulouse, where a regional event was scheduled at 10 hours.3,500 people gathered according to the latest police estimates.

In the Puy de Dome, this time, nearly 500 tractors converged on the city of Clermont-Ferrand, causing the closure of part of the A75.

Farmers have poured in on Thursday night to Friday about 1,000 m3 of land in the city of Poitiers. "The earth is the symbol of mother earth, which sustains the farmers and feed people.We want to recreate a field of 20 cm thick, "he told reporters Dominique Marchand, chairman of the FDSEA.

Also in the morning, about fifty grains were deposited barriers yards and bales of straw on the Champs-Elysees and flaming tires, which was totally cut off traffic on the Avenue in both directions and disrupting road traffic throughout the industry.

In Nantes and Rennes are also expected thousands of protesters in the day. In the latter city, there were 3,500 people in mid-day.

In Metz, more than 3,000 farmers and nearly 1,600 tractors, organizers said, and respectively 1800 and 1500 by police, marched Friday in downtown. In Metz and several surrounding municipalities, all high schools, colleges and schools were closed for the day a decision quashed.Public transport (bus) Metz will be stationary until the end of the event scheduled to 17heures.

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Stress: France Telecom questioning all employees

Monday morning, days after a 25th suicide France Telecom, the group's 102,000 employees will receive a questionnaire of 170 questions – including lefigaro.fr became aware – on stress and working conditions. Objective: let them speak to employees and move very quickly to build a "new" France Telecom.

It took a dozen meetings with the leadership of France Telecom, unions in occupational medicine and Technologia, a firm specializing in assessing and preventing occupational hazards and environment to develop a questionnaire to address employees.

It begins with a fifty general questions – based on the Karasek questionnaire, named the North American sociologist and model of the Swiss sociologist Siegrist, -, the workload for recognition through the meaning of work and autonomy.

Followed 120 questions tailored specifically to the "case" France Telecom: a group comprising two-thirds of civil servants – bound by a duty of obedience – and a huge variety of trades.

Measuring the impact of the change in status

Entering the heart of the matter with issues related to the "functional and geographical mobility": the number of position changes in five years? Were they desired? Have they led to removal?

The item "managerial relationship" addresses the issue of decision making: the manager decides he alone? Employees feel that it is responsible itself constrained in its decisions? Finally, is it "too hard on itself towards its employees?".

The category "environmental France Telecom and business communication" will surely highlight the gap between the concerns of telecom operators, international group and that of its employees every day. Are they interested in the place of the group and its evolution in the telecommunication environment, the questionnaire asks? Are they proud to belong to the group?

On the working atmosphere and hardship, and health issues in general, the questionnaire seeks to measure the impact of the change in status of the group: how the work environment, employee health and frequency of work stoppages Have they changed in five years? Recall that it was in September 2004 that the French state has ceded some of its shares to go below the 50%, while France Telecom became a private company.

Following an update on the violence and intimidation, the last part deals with the psychological situation of employees by asking them about the recent past to assess their emotional state they feel "hopeless, thinking of the future, weep-t – it easily, they have memory lapses, fears, fears …

Looking for an answer and Organizational Collective

And after? Technologia The cabinet will present the results of the survey the week of November 30. Note that this questionnaire is only part of the mission conducted by the firm at France Telecom.Technologia, October 19 chosen by unions – on a proposal from the management who had also retained the firm and Stimulus Secafi Alpha – will also this week of November 30 began its audit on the basis of studies in France Telecom (studies requested by the CHSCT, reports of physician work and findings of the branch). On the medical side, the firm will propose an analysis of "suicidal crisis" with a 1st report year-end and a second in February. Finally, are also provided interviews face-to-face with a representative sample of one hundred employees.

The Prevention Plan France Telecom should be completed for April 15. The goal is to provide organizational and collective response, and certainly not an individual response and psychological.Technologia Renault already founded 20 years ago by Jean-Claude Delgenes Technologia was called for the first time on a mission related to suicide a decade ago at Alstom. Prior to France Telecom, Renault is that the firm has recently worked. He conducted a similar approach to the Technocentre automotive group based in Guyancourt near Paris, from May to late 2008, after three suicide. The questionnaire was then raised to 63% of responses on these 12 000 employees. Technologia was then prepared 50 proposals (of HR closer to the ground, an organization of rangeland management review). Before summer, the group has again called on him to lead a new investigation. 77% of employees responded.