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.

By searching online for the right websites you will probably find a better cheap car insurance company and the best premiums possible.

Total: 500,000 tons of oil blocked

Employees of the Total refinery at Dunkirk, under threat of closure, blocked Friday tanks containing 500,000 tons of crude oil, by removing the pumping mechanisms, three days of a meeting to decide their future.

"We want to refine. We do not want this (oil) crude go away from here, "said Philippe Wullens, Steward South (majority site), evoking a" war chest ". He said Total has made a profit of 200 million euros from the time of purchase of this oil in the fall and today, due to the increase in prices. The employees also say they have learned that the management of Total planned to ensure that oil can be loaded on ships to other refineries."This oil should not leave the tank so that things do not stop," he said, estimating that 400 million euros worth of stock.

Several dozen employees from the site of Flanders, in the case since September, traveled Friday to dawn on the storage area of crude oil located at Gravelines, and disassembled electronic components essential to the operation of pumps used to extract the contents of the tanks. Some components will be given to state services, another in the region and a third in the urban community of Dunkirk, knowing that all equipment is necessary to restart the pumps, said Marcel Croquefer, secretary of the cluster Chemistry CGT Dunkirk payday advance lender .

A radicalization of the movement evoked

Employees are then symbolically held a lock port of Dunkirk.They wanted to question management port, 18% of turnover depends on the refinery. "This refinery can and must restart now", even if a mutation of the site must be decided for the future, said Croquefer, suggesting a possible "radicalization" of the movement.

If farmers spread manure or milk to express their discontent, "in the refinery there are petroleum products," he warned.

Proposals for the future of the Flanders refinery, which employs 380 employees and 400 people from sub-contractors, should be announced Monday at a central works council (CEC). Employees are expected to travel to many in La Défense on Monday to be heard.

The threat of closure had resulted in late February several days of strikes in all French refineries group.Unions had set an end after the guarantees provided by Total on the future of refining activity in France. Since then, employees of Dunkirk only continue their strike began January 12.

Greece borrowed a further 5 billion euros

After the presentation of new austerity measures, Greece has launched a new bond issue market of a maximum volume of 5 billion euros, according to ministerial sources and markets.

It's ten-year bonds that should elapse from Bloomberg at a higher rate of 310 basis points above the benchmark, the German Bund. Five banks have been authorized for this program: Barclays, HSBC, Nomura, National Bank of Greece (NBG), Bank of Piraeus, Greece according to the Agency debt.

"Demand is very strong and this operation will be heavily oversubscribed", announced in mid-morning Ciaran O'Hagan, strategist at Societe Generale."An hour after the launch of the operation, the subscription book (book) had already reached 11 billion euros and the obligation is dealt 35 cents above the final price."

This success contrasts with the alarmist investors in recent days. And because, as the strategist in Paris: "Greece is very cheap compared to its note." Athens has raised over 13 billion euros on the market since the beginning of the year, said Wansquare.

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OpenSkies flies to Washington five times a week

Started quietly on a niche market with any business flights between Paris and New York, L'Avion the company had managed to find its place. It has since been bought by British Airways, which was renamed OpenSkies and that crisis requires, thought for a time to sell. To retract the landing slots at Orly is of such value that it would be a pity to discard it.

If OpenSkies had to stop the line between Amsterdam and New York, however she managed to win the Paris-New York, granting itself more than a quarter of market share. This low cost dedicated solely to the business class will open May 3 next traffic between Washington and Paris, it will operate five times a week B757-200 equipped with 72 seats. The call price will be 1,200 euros return. Other rates, depending on the filling, can reach 4 .According to an actuary AG2R La Mondiale, the largest pension hat could reach 700,000 euros.

Not being an agent EDF, Henri Proglio not collect retirement hat at EDF.

Quoted in Le Parisien, Stéphane Fouks, director of Euro RSCG, responsible image of the boss of EDF, said "until now Henri Proglio had no euro.

Barack Obama addresses with its budget deficit in 2011

He had made his election promise. Controlling the deficit of the federal state is at the heart of the proposed 2011 budget that will present U.S. President Barack Obama to Congress on Monday. The White House announced that the budget for the biennium 2010-2011 (late October 2010 to end September 2011) is forecast at 3.834 billion dollars. A budget of expenditure of 3% higher than the current biennium (2009-2010), who is expected to reach 3.721 billion dollars, according to latest estimates, the official said of the budget at the White House, Peter Orszag, the margins the presentation of Barack Obama.

In parallel, the White House has raised its growth forecast for 2010 to 2.7%, against 2% originally planned. In the fourth quarter of 2009, U.S. GDP grew at a record pace of 5.7%. In 2011, the U.S. administration expects a rise of 3.8% of GDP.Unemployment, however, will remain at 10% on average in 2010, before declining slowly to 9.2% in 2011 to 8.2% in 2012 and 7.3% in 2013. Other forecasts underlying the budget 2010-2011, inflation should remain below 2% in 2010, before falling to 1.5% in 2011.

A record deficit amid recession

Upon his election, Barack Obama had pledged to reduce the U.S. deficit in half by the end of his term in 2013. According to the White House, the deficit would be reduced to 1.267 billion dollars, or 8.3% of U.S. GDP, against a record $ 1.556 billion (10.6% of GDP) expected for the year 2010. It would fall to 828 billion (or 5.1% of GDP) in fiscal 2012 and 727 billion (4.2% of GDP) in 2013.

To achieve these objectives, the executive put on a 19% increase in tax revenue in 2011 to 2.567 billion dollars, with the return of growth.But not only. Rigor requires the White House has confirmed a spending freeze for three years, excluding programs and social security. "The president told his team the task of budget line by line look at the federal budget to see where we can save money," said communications director of the White House, Dan Pfeiffer. A senior U.S. official had assured last week that the budget would propose a "strict freeze" spending "not essential".

Cutting waste is launched

Among the victims of budget cuts, the program of manned space Constellation, which was to send astronauts back to the Moon, will be discontinued no teletrak payday loan . Launched in 2004, this program was highly symbolic for NASA and widely supported by Congress.According to estimates, the U.S. space agency has already spent just over $ 9 billion as part of Constellation. Peter Orszag provides, however, that other investments will be made in research and development.

A budget that reflects "serious difficulties" current

Another priority of the proposed budget for Barack Obama, employment will be stimulated by tax cuts. "We are at war," said Bush, after unveiling his budget proposal to Congress. "Our economy has lost 7 million jobs over the past two years, and our state is heavily in debt after what can only be described as a lost decade."

Unemployment has passed the 10% mark since October and that for the first time since 1983, said Peter Orszag."The budget provides $ 100 billion for immediate investment creating jobs through tax cuts for small and medium enterprises, infrastructure and green energy," said the White House. Tax cuts for the wealthiest households, decided by the predecessor of Barack Obama, George W. Bush, expire, however.

A commission created to achieve balance

Moreover, other sectors will no longer be subsidized, particularly fossil fuels."This budget contributes to lay foundations for long-term economy (…) and examines challenges long neglected, including health, education system, and the move towards Clean Energy, summarized spokesman Dan Pfeiffer.

Finally, the White House has confirmed the creation of a commission composed of eighteen members of Democrats (10 members) and Republicans (8), whose mission will be to examine ways to bring forward a balanced budget, excluding repayment of debt.

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Hugo Chavez expropriated a subsidiary of Casino

After the oil, energy, steel and telecommunications, Hugo Chavez continues its process of nationalization of enterprises. The socialist Venezuelan president ordered Sunday the expropriation of the hypermarket chain Franco-Colombian Exito, owned by Casino, which it accuses of having increased its prices for "speculation." Until when will we allow a multinational come to that here? This should go under control of the nation, "Chavez said during his radio program broadcast weekly" Alo Presidente (Hello President).The Venezuelan president had already used this forum a year ago, to threaten international companies, namely Nestle and Parmalat, which he considered responsible for the shortage of milk in his country.

Following the devaluation of the bolivar, the local currency last January 8, Hugo Chavez had threatened that any company would increase its prices by improperly expropriation. The bolivar is trading now at 2.60 Bolivars to the dollar for imports of commodities (health, food, equipment) and 4.30 Bolivars for others (cars, telecommunications, electronics, tobacco, beverages … ).

The Casino Group is present in the Venezuelan market since 2000 through Exito hypermarkets but also Cada supermarkets, leaders in their segment.In total, 60 stores in Venezuela owned by Casino have achieved in 2008 a turnover of 741 million euros, or about 2.6% of total turnover of the group.

The Casino must submit on Monday after-hours trading, its annual sales and one for the fourth quarter of 2009.

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U.S. exchanges to depart downward

Global stock markets agree on Thursday. First this morning, the Asian financial centers were closed, one after the other in red. In Europe, the indices are not better. And the United States, the futures are pointing down also. At the opening, the Dow Jones future cowardly 0.3% as 10,500 points, the future S & P 500 yielded 0.14% at 1135 points and the Nasdaq 0.12% to 2298 points. Yesterday, Wall Street has ended the session on an uncertain note, amid job losses more than expected in December by ADP.

Today, official figures published in Washington state that new entries in unemployment in the United States rose slightly during the week ended January 2 with the deposit of 434,000 benefit claims.This is much less than expected.

The Central Bank of England left rates unchanged.

According to Wendy Liu, an analyst at Royal Bank of Scotland, several indicators suggest that China may soon raise interest rates.

Distributors for

As in Europe, the distribution sector makes news in the United States.

As for values to be followed across the Atlantic on Thursday, Macy's (1.58% to 17.37 dollars) has announced an increase of 1% of store sales and raised its forecast results for the fourth quarter to earnings per share between $ 1.14 and $ 1.18, against 1 to $ 1.05 previously. The action takes more than 3% in pre-open trading.

Always among distributors, but in textiles, Gap (0.48% to 21.14 dollars), he, reported sales up 2% in December.Costco Wholesale (0.23% to 60.14%) has published an increase of its activity around 9% on the month of festivities.

Bank Of America Merrill Lynch (1.46% to 16.63 dollars) has been "upgraded" by Credit Suisse to "outperform", while the aluminum producer Alcoa (-2.36% to 16.57 dollars) saw its recommendation degraded at Citi.

Thomson: the debt restructuring approved

The Thomson group, experiencing great financial difficulties, has obtained the agreement of all its creditors to reduce its debt by nearly half, according to a statement.

After the Committee of suppliers and the Committee of the bank creditors on Monday, the Committee of the bond (bond holders of the Company) has approved almost unanimously the plan released December 9. The plan aims to transform part of the debt capital via a capital increase of 348 million euros – and bonds: the objective is to reduce it to 1.55 billion, a decrease of 45%. The debt of the company amounts to 2.84 billion euros.

But there are still some hurdles for the group. The restructuring plan must be submitted to a vote of shareholders of Thomson at the Annual General Meeting and extraordinary will be held January 27, 2010.

Thomson, which employs some 20,000 employees worldwide, intends to rename the name of one of its subsidiaries, Technicolor, and focus on services for film and television, getting rid of other activities, including its subsidiaries Grass Valley (professional video equipment) and Screenvision (advertising for the film).

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