In crisp TNT, UPS requires a leader

 

It only took a month of discussions that management of TNT Express, a former subsidiary of the Dutch post, accept the proposed UPS. The American giant of more than 400,000 employees whose turnover in 2011 exceeded more than $ 50 billion has evolved its offering at a time when TNT Express through a bad patch. This has indeed posted a net loss of 270 million euros in 2011 against a profit of 66 million euros in 2010.

UPS approached by mid-February, leaders of TNT Express had rejected an offer that valued the company 4.9 billion euros. But to 5.16 billion euros, UPS was unanimous. This acquisition will enable the U.S. group found mainly across the Atlantic to catch up. In the business of courier, transporting small packages, UPS accounted for only 7.7% of the European market against 9.6% for TNT Express, Fedex and 3.3% to 17.6% for DHL, a subsidiary Deutsche Post, according to figures from Transport Intelligence firm.

While approaching, the two biggest names in express transportation become a European leader in size to cross swords with DHL and especially a world champion since their continental positions complement each other. An asset to get the green light from competition authorities even if Deutsche Post yesterday estimated that the European Commission would consider merging with caution.

The new group formed should weigh a turnover of $ 60 billion and 477,000 employees. By comparison, another U.S. giant, Fedex, achieved a turnover of $ 41 billion in 2011 and employs 290,000 people.

Target: 50% of international sales

The presence of UPS TNT in different regions of the world should stabilize as sales in the U payday loans online.S. will increase from 74% to 64% UPS only for the new group and Europe will reach 22% after the operation against 14% for the only American group.

"Why TNT is it very attractive?" Asked Kurt Kuehn, UPS's chief financial officer, during a press conference in Amsterdam: "Because he manages operations in areas of the world that were unserved: Brazil, Australia, Middle East, the road and rail networks in Europe. "The objective announced by UPS is to reach 50% of sales overseas in the next five years against 26% at present. 

Financially, the acquisition should help to achieve one billion euros in savings, once the integration of TNT Express will be accomplished. Clearly, the group provides $ 400 to 550 million euros in savings per year from 2015 through improved efficiency of logistics platforms, an optimization of aircraft fleets, purchasing … However, the CFO UPS declined to answer questions on possible job cuts among the ranks of TNT. The transaction, which must be profitable within the first year, could be completed in the third quarter of the year.

It is likely that the competitor UPS, Fedex, will not thwart the hostile bid. Especially since the competitor UPS does not have $ 3 billion in cash.

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Sarkozy addresses the tax exiles

 

After struggling against tax havens in recent years, Nicolas Sarkozy wants to tackle the tax exile. -Candidate for President, it is not acceptable that some continue to enjoy the benefits of French citizenship without paying a penny in taxes. "I want the tax and nationality are now linked," he said on TF1 Monday. The announcement is accurate. "Any tax exile who went abroad for the sole purpose of circumventing French tax must declare to the French administration as he paid tax abroad. And if it is lower than it would have paid tax on income from capital in France, he will pay the difference, "said Nicolas Sarkozy.

Only the taxation of wealth is concerned. But it is precisely to escape the ISF or the taxation of capital gains that some taxpayers go to Switzerland or Belgium. With this measure, the tax exile would have no financial interest. And if the tax exile showed himself recalcitrant? "If he does not pay, he is pursued by the taxman. However, if he wants to escape measurement, it is of course free to take another nationality, "said Nathalie Kosciusko-Morizet Monday, the spokesman of the president candidate. There is no question of deprivation of nationality. This type of penalty is very heavy and could be incompatible with European law.

The 2 million French expatriates, those who move abroad for work or for family reasons, for example, would not be affected by the measure. "I say to expatriates, we will change nothing for them," said Nicolas Sarkozy. They therefore continue to pay tax only in the country where they live. French household working in Germany would pay, as now, the German income tax. Yet to translate into law the difference between the expatriate and exiled, leaving the Hexagon for purely fiscal.

Monday, Nicolas Sarkozy referred to the American system. Indeed, the U.S. tax bind and nationality, even more extensive than would be France if Nicolas Sarkozy was elected. For all American expatriates should pay taxes to their homeland! But the U.S. is an exception in developed countries. European states like France operate on the principle of territoriality – you pay tax where you live. This means that the measure proposed by Nicolas Sarkozy, even if limited to exiles, may involve review of the tax treaties signed between France and its partners. A very heavy work. This is also the argument that had been opposed to the president of the PS Finance Committee in the Assembly, Jerome Cahuzac, late 2010 when he proposed a tax on expatriates. It will also calibrate the measure to be compatible with European law which advocates the free movement of persons and equality before tax.

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How can a caravan

Caravan: a specific contract?

According to French law, any insurance or any caravan trailer is mandatory. Also, if an insured decides to tow a caravan with his vehicle, he must notify his insurance company. If the total weight to load (GVW) of the caravan is less than 750 kg, it is on auto insurance of the towing vehicle. However, if the total weight to load (GVW) of the trailer exceeds 750 kg, it must have a specific insurance policy.

The insurance contract specifically the trailer can be purchased from an insurance company specializing. However, to enjoy a good quality / price ratio, it is advisable to use the same insurance company ensuring that the towing vehicle.

Namely: if the trailer weight exceeds a total load (GVW) of 500 kg, it must have its own logbook. This must be forwarded to the insurance company.

Consider the use made of the caravan

Whether stationary or towed, the trailer must receive liability coverage to cover damage to third parties. If it is a permanent home, it becomes necessary to take out specific insurance.

The duration of the insurance can be modulated according to the frequency of use of the caravan cash advance payday loan. If it is possible to ensure a caravan all year, it is also possible to insure a timely manner, for example, only the holidays.

Purchase additional coverage

If liability coverage is mandatory for a caravan, it is also possible, such as auto insurance, take out specific safeguards. Thus, the accidental damage warranty can cover the repair of the trailer in an accident. The guarantee can cover theft theft but also the attempted theft of the caravan and its contents. The compensation is brought in only if the insured is able to provide physical evidence of the loss.

The warranty fire and explosion can cover fire outside or inside. This warranty also covers the damage done by lightning.

Note: If a specific development is carried out in the caravan, it is best to notify the insurance company (especially when planning costly).

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The beef recipe is no longer in France

 

The livestock industries are less imitators. If the country has the first cattle in Europe with 21 million head of which 8 million cows, the trend is downward. Within a year, the number of cattle farms has declined by nearly 6% from 246,000 in 2009 to 232,000 in 2010.

For reasons of revenue and less arduous, farmers already settled prefer to shift to other crops. "It is easier to return a field to a culture of wheat and rapeseed that raising animals on the same surface, said Jean-Pierre Fleury, secretary general of the Federation Nationale Bovine. It's more profitable and it requires less work. "

Indeed, the average income of a farmer is three times lower than that of a grain. According to latest statistics from the Ministry of Agriculture, the first earns 14,700 euros per year when the second receives over 47,000 euros. Those who want to settle as farmers think twice before so to do.

"These are big capital investments, EUR 1,500 for a cow on average, plus the cost of buildings and work constraints that are not up to the sums involved," says Marie-Therese Bonneau, a farmer in the Vendee .

New markets

At the head of a herd of 100 cattle, Maria Theresa Bonneau understands why the business is no longer recipe. "It makes money only when one retires, waiting must make ends meet and generate cash to pay bills," she says. The job of producer thus raises fewer vocations among young people. "The animal is too restrictive, I head for the forest," says Jonathan, a student at AgroTechParis.

The livestock sector as a whole suffer from other disabilities: the industry's first transformation only to renovate its facilities, the number of slaughterhouses is too important. In addition, this industry does not know the answer to market demand. "The French slaughterers are not able to meet the specifications of buyers, says Pascal Cousté, farm advisor throughout France. Particularly regarding the rate of fat from meat and health standards. "

In the case of pork French example, this translates into an additional cost in the industrial process by 5%. Result: supermarkets, but also the industrial processing, will source outside France, where competition is able to offer lower prices.  

However, the growth of world consumption of about 15% per year, providing a market for breeders. The increase in living standards in emerging countries like China and Brazil offset the decline in red meat consumption observed in developed countries. "New markets are opening to us, in the Mediterranean arc of the Maghreb, Turkey and also in Russia," said Peter Knight, President of the Federation Nationale Bovine. In the beef sector, the share of French production destined for export, now more than 5%, and falls on the rise in recent years.

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Burger King will make his return to France

 

Good news for fans of Whoppers. Fifteen years after leaving France, Burger King returns. According Procos, the federation of specialized retail chains, the giant fast food restaurants will soon open in the new commercial center of the Gare Saint-Lazare. Moreover, according to our information, the sign should also open this year on highway: its first store could be located in Reims, on A4 or on the ASF network which also operates the A 9 between Avignon and Perpignan A 7 or the south of Lyon. Representatives of the sign would also contacted APRR, which operates, among others, the A 6 between Paris and Lyon. But no contract has been signed so far with this network, making it impossible to open before 2013. In the latter two cases, the brand of gas stations Avia would manage these concessions.

Questioned, Burger King recognizes continuing study opportunities to develop in different countries, including France. But his spokesman refused to give more information. Side of Autogrill, which manages 75% of the restoration of St. Lazarus, the CEO in France ensures that Burger King does not open on March 21 for the opening of the mall from the station, nor later than 2012 . The time is propitious yet. "The expenses of the French in fast food rose 4% last year, said Christine Tartanson, Foodservice Director at NPD Group. This is one of the segments of the fastest growing food. Burger King should take into account consumption habits of the French, by proposing a sweetened offer in addition to burgers. "

Industrial jobs: when the government gets involved

 

The intervention of Nicolas Sarkozy to save Alstom in summer 2004, to his recent statements in favor of employees of ArcelorMittal Florange site, the head of state has been well arise in the opponent's famous statement Lionel Jospin: "The state can not do everything." At least when it comes to industrial employment. "We must at all costs strangle the flow of blood Industrial France," he repeated again in January. Since 2007, the government frequently intervened in several disputes, most often publicized in order to save jobs. A few weeks before the presidential election, the employees do not hesitate to use the campaign to make their demands heard. Overview of some government promises … and their future.

The success

• Photowatt. The resumption of French pioneer of photovoltaics by EDF no longer in doubt. Next Monday, the commercial court of Vienna should assign the assets of Photowatt to the public company called to the rescue by the Head of State at the end of January. Previously, STMicroelectronics, specialized microprocessors, had been approached. Without success. The next upturn of the SME Isère by EDF Energies Nouvelles is good news for employees: the subsidiary of the electrician has pledged to resume on 430 and 345 to reclassify within 60 km of the 85 remaining employees. "Everybody has a job, I do not see what you could get any better," responded Tuesday a Steward FW, while conceding that "the industrial project is to build". According to the UMP Bourgoin, Alain Moyne-Bressan, must already "put 50 million euros on the table for the coming months."

• Lejaby. Mid-January 2012, the Tribunal de Commerce de Lyon chose Alain Prost, former manager of La Perla and Chantelle, as the buyer of the manufacturer of linen placed in receivership. Only problem: the entrepreneur, who keeps only about 450 195 employees, wants to relocate the entire production in Tunisia. This is sign the death warrant of the factory Lejaby Yssingeaux, and the dismissal of his 93 employees. An announcement of the worst effect when the candidate Nicolas Sarkozy – not yet declared – boasts the "Made in France". "I will not let down the people of Lejaby," he warned on January 29. It is ultimately the luxury group LVMH, requested by the Elysee, which will come to the aid of the factory from Auvergne. The takeover bid, from a subcontractor for Louis Vuitton, the company Sofama, was filed on February 1. All staff should be re-employed on permanent contracts, and converted into luxury leather goods.  

Failures:

• Gandhinagar. February 4, 2008, the Head of State gives hope to the 595 employees of ArcelorMittal factory in Lorraine, then threatened with partial closure in the near future. "The State prefers to invest in modernizing the site rather than paying people to go with either early retirement or unemployed," he explained then. He continued: "I will myself announce it has found the solution." If, despite these promises, 595 jobs will actually be discontinued from 31 March 2009, the city of Gandhinagar, however, benefited from a state investment of 5 million for a learning center, and a contract worth 300 million euros between RFF and the steelmaker Corus. Objective: To produce the rails RFF within its Hayange plant, near the disaster site.

"Nicolas Sarkozy in Gandhinagar:

……

"The press needs a solid sales network"

 

The Act of July 5, 2011 amended the Act of April 2, 1947 Bichet governing the distribution of the press in France. The role of the Supreme Council of the Courier press is reinforced. Its decisions can now be enforced by the Regulatory Authority for the distribution of the press, newly created. To the President of the UNDP, which represents 30,000 newsagents, the way is thus open to the implementation of reforms, as the set.

LE FIGARO. – In the context of fierce competition between Presstalis and MLP, that becomes the sales network of the press?

Gerard Proust. – All the attention is currently focused on the situation of e-NMPP and custodians who act as wholesalers, because they structure the distribution of the press. Their business model is affected by the steady decline in sales. Presstalis responds by reforming its organization, but is being weakened by the departure of titles that will be distributed by mail MLP concurrent capable as appropriate to offer better rates. The trustees seek to rehabilitate their missions and resource to the new situation. But that does not detract from the urgency, at least, the situation of press merchants, who provide the relationship between supply of press and public.

Gerard Proust. – What makes you say that you forget to press the merchants?

When we deplore all the time the crisis of the press, and we do not get lost in the competition by explaining that the paper deliver new technology, we forget that it is primarily to closures of points -500 specialty sales per year! – we should lower the diffusion constant. There is no release that can stand well without a strong sales network. But yet we forget! His compensation is still insufficient to attract entrepreneurs and empower them to adapt to consumer expectations. I'm currently reading the proposals presented to the Superior Council, which suggest that the financial resources of the sector, now rare, be directed first to the other players. So I have every reason to fear we think too late to merchants when they are exhausted. I even saw that Stavros Dimas offer some burdens on traders, then we should be to alleviate the primary concern!

What is their situation?

They are not facing a crisis of paper seen by the overall maintenance of our turnover bookstore or card shop subject to the same competition from the Internet-but a crisis of the dispensing apparatus, which supplies the sales network so that it arrives in this double feat: distracting the consumer and discourage the merchant. Be aware: 60% of our supplies come away with unsold (it's more than half of the volumes delivered that do not meet the expectations of customers of the shop, who are squatting in blighted areas and that the merchant who monopolize would be better served to welcome and advise his client) and 20% of gaps in the sale (it's one in five who has not found among his dealer that he had come in search)! What a waste … Thus the turnover flexes for several years, as broadcasters abandon their profession, and that the sector is thereby destabilized the whole, with its greater risk. 

What are your recommendations?

There is no inevitability to the current situation of the press distribution, means rebound there, going through the procurement reform, for better consumer satisfaction, and improved compensation the merchant, to convince entrepreneurs to focus on our business. Must be provided at point of sale assortment of titles that meets customer expectations, we know such identification. This procurement method is practiced by all modern commercial networks, and even to sell the press in some European countries. It has been long and carefully defined and tested by the entire profession, before his deployment is blocked because he got obviously a handful of "editors" whose abuses led to the exhaustion I described the system.

This reform will suffice?

No! Soon, it will take to change the pay conditions of the merchants, always worse off when compared to their European counterparts, but also to other trade business. We must learn to lock onto them, because they are the ones that attract new entrepreneurs at the expense of being a merchant Press. It is they who come to occupy the commercial spaces, often the most prominent, as my colleagues leave vacant. When the publishing community is concerned about the turnaround of its sector, it must file the compensation of its sales network and not a priority, as I fear, a subject that "come after".

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The temperature drops, sales climb Damart

 

The sudden blizzard that hit on France warms accounts Damart. Sales of underwear Thermolactyl, the fiber's flagship brand, jumped with negative temperatures: + 255% in distance selling and + 155% in-store. This is much better than other products that have received a boost from the cold wave. According Climpact, sales of creams have increased by 86%, while soups recorded an increase of 25%.

At Darmart, we do not shout victory, however. This excellent performance indeed occur after a mild winter, and consequently very bad for business of specialist cold weather. The brand claims to have suffered less Roubaix this winter too lenient than the competition. "February sales have not saved the season, because we can not recover in two weeks what is lost in three months, said Christine Pageot, executive director of Damart France. But however much it helps start the spring season. "

Each degree Celsius worth its weight in gold in the hot underwear. "From late September, the correlation is very strong between temperature and sales of underwear," says Christine Pageot. These flows especially in October and April, the lowest month, where sales have reached only the fifth best month, December.

Two new concepts to shop

Sales are very responsive to temperature: a drop of ten degrees can be doubled. "The weather and the trappings are flocking orders: the windshield of the car he must scratch, the first appearance of gels," says Christine Pageot payday loans for self employed.

The Thermolactyl, invented in 1953, still accounts for one quarter of sales of the brand (350 million euros last year). The fiber was invented street Dammartin Despature by three brothers, a family of clothiers based in Roubaix since 1850.

In a little less than sixty years, the garment house has changed. The plants are parties in Tunisia, the fiber has evolved into a more silky material and odorless, and lace patterns or trends were established.

If the distance selling is still the majority of sales (55%), the 80 stores in France are the subject of much attention. Two new concepts were launched in 2010 and 2011. First the Damart Sport, with a shelf lined underwear adapted to intensive sport or relaxation, fibers made from breathable or more drinks, designed for summer. Then the Happy D., specially dedicated to the senior client. The favorite of the sign, because it buys for the whole family. Five shops offer ready-to-wear in a style more suited to the "new senior". The early returns are positive. But it is too early to take stock: the new shops did not know the summer season. See you next winter

.

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Greek MPs are tightening their belts a little

 

"Kleftes! Thieves! "The insults burst forth in the processions of anti-austerity protesters in the streets of Athens these days. The Greeks win against a political class accused of making no sacrifice while officials have seen their wages blend of 20% and expects the same treatment as private sector employees. MPs in particular are accused of refusing to lower their pay by 10% at the height of the crisis in 2011.

"Until now, politicians have not been transparent about their incomes and citizens suspect that considerable sums are spent for miscellaneous expenses, or that MPs employ family members as assistants," says Nick Malkoutzis a, journalist with the daily Kathimerini.

The Easter bonus deleted

MEPs, however, made a few sacrifices. The 13th and 14th month salaries were eliminated, as in the rest of the civil service in 2010. Last July, the attendance fee paid for participation in a meeting of the 34 parliamentary committees was reduced to 150 euros, against 245 euros before. Premiums Easter, Christmas and holidays have been removed, additional taxes created. These measures have melted the monthly salary of 3375 euros per head on average, according to elected officials.

Parliament said today that the gross monthly salary now stands at 8,221 euros, 4,231 euros after taxes. Are aligned with the highest salaries of public service. In comparison, a French MEP wins 5189.17 euros net. Still, the Greek Parliament plans to spend 34.2 million euros in 2012 for salaries, including bonuses and other compensation. What assure members a sum of 9500 euros per month, plus office and secretarial included.

The difference, ultimately, does not seem huge with the situation before rigor sets. Last December, Parliament has in fact published on its website, for a few days, the tax returns for 2009 of 300 MPs. It was to answer charges of opacity.

Income gaps

Salaries, allowances, current accounts, real estate, and other financial transactions in this document. It shows that in 2009, elected a ten won more than 9,000 euros per month through its sole parliamentary activity. What must be added, for some, a second salary (in Greece, one elected is entitled to retain his original job posting) as well as income potential spouse. Then the gaps widen between the richer members of the assembly (six of them earned more than 33,000 euros per month) and more modest, saying some 2,025 euros monthly income for their household.

"While the debate on the wages of 300 Deputies Greek is symbolic. They represent only three thousandths of the state budget. But the political class has missed the opportunity to cut its own salaries along with those officials, two years ago, analyzing the Greek-Swiss historian Nikolas Bloudanis. It would have been a symbolic gesture extremely important. "Times are changing: this week, for the first time, an elected, Dora Bakoyannis, head of the small liberal party New Democracy (four members), has proposed halving the salaries of parliamentarians .

How much do Greek political leaders

George Papandreou. Photo credits: JOHN KOLESIDIS / REUTERS

The loss of triple-A does not interfere with management

 

The downgrade of France by Standard & Poors on January 13 did not have the effect feared. Markets do not collapse, the lending rates did not explode … And executives do not seem affected. According to the latest barometer of Eco-ViaVoice, only 29% of them think that the loss of triple-A will impact their business. Surprising but positive, this result illustrates the gap between the hype and the consequences of lowering "The financial situation of a company, not the triple A which is," says François Miquet-Marty, president of ViaVoice , before adding, however, "this reduction is not confirmed by other agencies, it remains in perspective."

Ineffectiveness of political discourse

Beyond the triple A, the composite index of moral frameworks rose slightly for the second consecutive month at – 48 after – especially in January and 52 – 56 in December, its lowest level since the barometer in 2004. However, for François Miquet-Marty, "it is difficult to talk of improvement, all the remaining indicators, sobering …" For if the frames, as the markets seem less concerned, they are generally pessimistic about the economic activity . For 69% of them, the standard of living in France will deteriorate over the years, where 10% think it will improve, an increase of 5 points. On employment, 82% expect an increase in the number of unemployed.

"At three months of presidential executives do not perceive the candidates' speeches, possible improvement levers on the issue of unemployment," worries Francois Miquet-Marty, noting that "they place little hope in politics. "

About their financial prospects, they remain grim: 41% of executives expect a deterioration of their financial situation in the coming months. Career opportunities remain "weak" for 78% of them. Finally, motivation, stagnant, with 40% of executives reported that their employees are being motivated.

Flat in this context, only a takeoff of the presidential campaign could cause a rise of the honest moral frameworks.

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