The cold and snow and disrupt the distribution industry

The snow and ice blocking roads and large parts of the French economy. Shipments delayed at stores, industrial production lagged, frozen agricultural products, sites blocked, no area is immune. The lack of salt in some areas may aggravate the situation.

• Transport

"We sold out of salt in Britain. We need between 4,000 and 5,000 tonnes, said yesterday morning the prefecture of Côtes-d'Armor. A freighter was delivered yesterday 400 hundred tons of salt in Saint-Malo. The motorway companies claim to have sufficient stocks of salt, but are not certain of being able to deliver.

The trucks – including those transporting salt – should get up to three prefectural authorities to travel in snowy areas. From his side, Eurostar has restricted the movement of Saturday's train.The main airports remained open, but traffic remains disrupted, with delays and cancellations.

• Agriculture

Agriculture is doubly affected by the weather. The cold wave disrupts production. Leeks, caught in the frozen ground, are difficult to uproot, salads, even in greenhouses, are unusable. Small consolation for the vegetable: the prices of fruits and vegetables are on the upside.

Dairy producers are also victims of bad weather, the milk collection is rendered impossible, especially in Britain. The roads are blocked by snowdrifts. Producers are forced to dump their milk.

• Building

"When temperatures are near zero, it is virtually impossible to sink a concrete" classic ", says one expert.Traditionally, sites are interrupted when temperatures become negative.

This data is taken into account when setting schedules. But this year, the duration of the episode is likely to exceed estimates.

• Distribution

Deliveries are not guaranteed, especially in Britain. For the moment, no shortage is feared, but supply problems are starting to be felt in the spokes.

Fortunately consumers are reluctant to run the stores, despite sales. Declining attendance reaches 60% depending on the charge of a Carrefour in the Toulouse region.

In contrast, the Printemps Haussmann in Paris, he sold a jacket every 7 seconds!

• Industry

Plants PSA Peugeot Citroën, Sochaux and Mulhouse have stopped production Friday night to Saturday because it was delivered in pieces. Trucks suppliers could not move. This represents a lost production of about 2,000 cars.

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The Paris Bourse revives higher

An hour before the close, the CAC 40 gained 1.4% to 3658 points. After a slow start, the markets have recovered and have stepped up their response to encouraging economic statistics across the Atlantic. CIT, specializes in financing SMEs U.S. said Sunday its investment under the protection of Chapter 11 of the Bankruptcy Act. With approximately $ 71 billion in assets, it is the fifth largest bankruptcy in history of the United States.

On the macroeconomic front, the increased activity of U.S. manufacturing accelerated more sharply than expected in October, the index of purchasing managers released Monday by the association ISM, which has established at 55.7% in October, against 52.6% in September.

Construction spending in the U.S. rose 0.8% in September, their largest increase since a year according to figures released Monday by the Commerce Department, while analysts expected a decline.

The values for the automobile

Peugeot (4.34%) grants itself the largest increase in the SRD, after the publication of the number of new car registrations in France in October. The PSA group saw its sales grow by 21.8% during the last month and 7.2% in ten months.Rival Renault ahead of 0.42%.

Faurecia (+1.51%) announced the acquisition of EMCON Technologies, an integrator of solutions for controlling emissions for passenger cars and Commercial Vehicles.

In contrast, Dexia has the highest drop in the CAC 40 (-2.85%). The European Commission gave its green light for an extension until the end of February 2010 government guarantees of Belgium, France and Luxembourg granted to Dexia.

The Public Utilities Commission of Maryland gave the green light to the joint venture of EDF (1.16%) Constellation Energy Group, under conditions including a payment of 110.5 million customers to the "utility "BGE by the end of March. Constellation Energy will invest 250 million dollars in BGP by late June

Sanofi-Aventis (0.32%) has asked a U.S. court to prevent Sandoz, a Novartis subsidiary to market a generic version of its anticancer Taxoter.

GDF Suez (0.88%) was prepared to see enter the Chinese sovereign fund China Investment Corp (CIC) to its capital.

Alstom (+1.67%) has won a contract for 450 million euros with Grosskraftwerk Mannheim AG for the provision of a new boiler and a new turbine for a coal plant in Germany.

Several publications of results, with mixed reactions

Unibail-Rodamco (-0.6%) announced a turnover of 1.198 billion euros for the first nine months of the year, up 4.4%.

The recurrent income of Gecina (2.72%) to nine months increased 25.8% to 277.4 million euros.

Altran Technologies (+3.5%) achieved a turnover of 327 million euros in Q3.

Pernod Ricard (-4.39%) expects a growth of rock between 1 and 3% for 2009-2010.

Belvedere (+0.03%) has published a turnover of 424.65 million euros in the first half of fiscal year (-26%).

Wall Street is misguided

The Dow Jones fell by 0.93% to 9969 points and the Nasdaq Composite yield 1.31% 2144. One of the economic advisers of President Barack Obama, Larry Summers, said on CNBC television, there was no question of limiting the salaries of executives of U.S. companies."What we need are rules on the form and structure of pay so that regulators" can ensure that some do not take unnecessary risks.

On the macroeconomic front, the index of U.S. consumer confidence measured by the University of Michigan has declined against all odds in October to $ 69.4 against 73.5 the previous month, according to provisional figures published friday.

The values to follow

In a statement, Bank of America (-4.20%) announced a net loss of $ 1 billion in the third quarter, mainly due to asset impairments totaling $ 2.6 billion. Moreover, under pressure from the Treasury, Kenneth Lewis, CEO of Bank Bank of America, has waived his salary and his bonus for 2009, before his retirement.A Treasury official, to oversee the compensation of companies that benefited from government aid, had in effect "suggested that Lewis did not receive remuneration for 2009.

Google (3.46%) presented Thursday profit rose 27% to 1.638 billion dollars (1.097 billion), or earnings per share of 5.89 dollars, against the expected $ 5.42 per analysts. The turnover to 5.944 billion dollars is also above market expectations which projected 4.24 billion dollars. The group says the worst of the recession is over. He said now "ready to invest."

IBM (-4.59%) posted a net profit of 3.214 billion dollars in the third quarter up 14% over one year.Per share, earnings from IBM reaches $ 2.40, while the market was expecting $ 2.38.

The conglomerate General Electric (-3.22%) reported Friday quarterly earnings sharply lower but still above analysts' expectations. Net income fell 44% to 2.419 billion dollars (1.62 billion euros), or earnings per share of 27 cents against 20 cents expected by consensus.

Mattel (-3.22%) reflecting a drop in earnings in the third quarter from 3.5% to 229.8 million dollars, in line with expectations. Net earnings per share were 63 cents.

The second largest producer of AMD microprocessors (-5.49%) posted a net loss of $ 128 million for the period July to September.

Profit taking in the Paris Bourse

The CAC 40 ended down 1.45% at 3827.60 points. In other European markets, Frankfurt was down 1.50%, 0.63% London and the Eurostoxx 50 of 1.55%. After you open up the Parisian market fell into the red after reporting results from General Electric and Bank of America (BoA).

On the macroeconomic front, the index of U.S. consumer confidence measured by the University of Michigan has declined against all odds in October to $ 69.4 against 73.5 the previous month, according to preliminary figures released Friday .

The values of the day

Carrefour (-3.33%) announced sales of the 3rd quarter of 2009 24,018 billion euros, disappointing compared with expectations Analsyte.The number two worldwide distribution announced Thursday its intention to sell its activities in Russia "in the absence of sufficient growth prospects."

Accor (-1.15%) achieved a turnover decrease of 8.2% for first 9 months of 2009, comparable to 5.258 billion euros. The group confirms its objective of profit before tax and non recurring items of between 400 and 450 million euros for 2009.

The commercial director of the European aircraft manufacturer Airbus, John Leahy, denied a press information published Thursday on the Tribune that he was concerned with the former leader of the European defense and aerospace firm EADS (-1, 80%), Jean-Paul Gut, the American aircraft lessor ILFC.

The Tribunal de Grande Instance de Toulouse canceled Trial Plan Out Personalized Volunteer initiated by Altran Technologies (0.71%) in June 2009.It would have felt that some of the arrangements provided outplacement should be improved and supplemented. The group could appeal the decision.

The turnover of Safran rose 1.2% in the first nine months of the year to 7.533 billion euros. Jean-Paul Herteman, CEO of the group, said that the engine of the A400M was ready for a first flight by the end of 2009. The title Safran still loses 5.85%.

Atos Origin (-2.17%) recorded a turnover down over 9% in the third quarter over one year to 1.229 billion euros. Despite "the economic environment remains difficult," the group's CEO Thierry Breton said he was "confident the group's ability to achieve its objectives for the year.