Obama prepared for the post-oil

The spill "will push us to rethink our energy and environmental policy," said Barack Obama last June 14 during his fourth visit to the polluted beaches of the Gulf of Mexico. "We remain the largest importers of oil, or we can make the investments that we would become the world's leading exporter of renewable energy." This sentence, Bush had decided long before the "September 11 ecological. It is dated March 19, 2009. For when he took office, the successor of George W. Bush's climate and the "transition energy" one of its priorities.Giving due to 32 oil companies that had filed an appeal, a judge in Louisiana quashed yesterday, this moratorium. The White House immediately announced its intention to appeal.

The Democratic majority hopes tying a new version of the bill by the month of July. The text, in its latest release, provides a carbon market to reduce emissions of greenhouse gases from industry and, among other provisions, the nuclear revival.

No matter that the oil spill as an excuse to create an energy tax, has won Sunday's Mitch McConnell, the Republican leader in the Senate, where every vote counts.

Barack Obama is still riding the wave sticky to push his advantage. It should meet on Wednesday a group of Senate Republicans and Democrats to seek a compromise on the new law.Without waiting for Congress, the Administration Obama has already made progress in diversifying its energy sources.

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BP urges advisers to avoid bankruptcy or a hostile takeover

BP is doing no more alone. To manage the most serious environmental disaster and to silence rumors about a possible bankruptcy, the tanker has hired advisers. BP to help meet the financial pressures, more and more strong.

The recent plunge in BP, which has further declined by nearly 10% Monday as London qu'ç New York and whose market value has been reduced by over 45% since the beginning of the accident, certifies that the hypothesis of a bankruptcy is not completely ruled out by investors. Thus, counselors will work to optimize the management of the crisis and to prevent compensation claims do not leak the multinational or make vulnerable, thus creating a hostile takeover. The trio of investors and put together a strategy to enable the group to meet claims over the next five years.

But for now, BP does not confirm this information. A spokesman for the group merely stated: "This is not true, we do not appeal to banks to defend ourselves," adding "we urge banks year round for different reasons.

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The information is then revealed, however, that the U.S. government is more determined than ever to pay the oil company. of compensation for victims of oil pollution and environmental damage and business. It looks particularly dire consequences for fisheries and tourism in the Gulf of Mexico, in a letter to the director of BP in the United States.

International Help

A little more reassuring to the disaster called the "ecological / 11" by Barack Obama, Washington can count on the solidarity internationale.pour cope with the spill. Countries like France, the United Kingdom, Mexico, but also the United Arab Emirates and Vietnam have offered assistance in the form of equipment and expertise.

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JP Morgan improved its first-quarter profit

JP Morgan launched the period of first quarter 2010 results of major banks on Wall Street by posting its own from this Wednesday. Its net profit for this period is 3.3 billion dollars against 2.1 billion in the first quarter of 2009. Its net banking income, which may be compared to sales for firms outside the banking sector reached 28.2 billion dollars against 26.9 billion a year earlier.

Jamie Dimon, CEO of JP Morgan, said that these results reflect another strong quarter for investment banking arm as well as asset management and retail banking.However, the bank recorded heavy losses in the sector of consumer credit.

Outlook 2010

Jamie Dimon wants confident for the rest of the year, explaining that the economy still faces great difficulties, but there were significant improvements that will lead to a strong recovery. It also plans to create 9,000 new jobs there in the United States.

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Signs: the tax upset traders

Soft Focus. The establishment of local tax on outdoor advertising (TLPE), established under the Act to modernize the economy in August 2008 and came into force on 1 January 2009, aroused much debate. So much so that the Trade of France (CCF), which comprises almost 40 federations of trade, asked in a statement this week, a "moratorium" on this new tax.

A text is not clear

According to CCF, the statute establishing the TLPE been "too many errors of interpretation" from the common guaranteed fast personal loans ."A dialogue must be initiated between the government and businesses to stop the abuses and excesses observed." Among the absurd situations, the RTC said that some cities are taxing the opening hours displayed on the front door of stores or the sign indicating the price of gas stations, but a legal obligation.

According to CCF, the signs indicating the prices of petrol stations are subject to TLPE. Photo credits: Le Figaro

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).

Peugeot launches its solution "mobility map"

Mu, you know? Not yet? It will soon be difficult to avoid if you live in Paris. Peugeot is launching an extensive marketing campaign for its new "mobility service". Display urban subway trains in the colors of Mu, nothing will be spared.

But Mu is what? A rental vehicle launched by Peugeot, which allows users to rent, according to his needs, a bicycle, electric assisted bicycle, a scooter, a car and, once it is released, the Ion, the electric car from Peugeot. The principle is simple. Simply create an account on the Internet (www.mu.peugeot.fr) and purchase of units (20 cents one). Once Mu credited his account, you can book the vehicle of choice, always on the Web, or on terminals now installed at dealerships Parisian brand, but also those of Brest, Rennes, Nantes and Lyon.

Renting a bike with electric assistance will cost 45 units the day (9 euro), a scooter 125 cm3, 39 euros. If you need a family sedan, a 407 to go on weekends, this will be charged 215 euros (per 500 kilometers). A rate comparable or slightly superior to those displayed by the traditional rental. But the benefit formula Peugeot, you choose your model: you book a 407, not a Category C, with its share of mystery about the type of vehicle in which you are flying again.

With Mu, you can also rent the accessories you need: for example, a GPS (10 euros per day) a bicycle rack (20 euros) or 80 euros a week, a roof box.Baby seat, bike helmet and bike, and snow chains are also available in dealerships.

Peugeot hopes to win in Paris 1600 by June, with a formula clearly inspired by the car sharing and V?lib'et whose chief advantage and be no subscription fee. Disadvantage in terms of "mesh" of the territory (one of the arguments of marketing for the brand), yet there are only four concessions in Paris and that of Defense. However, Peugeot Scooter will soon offer their services. What a true "local network".

A report recommends upgrading a minimum of SMIC

While the government prepares to decide the amount of the revaluation of the SMIC, the expert group meeting in May as part of the reform of the minimum wage has submitted its report Friday to Labor Minister Xavier Darcos. In line with that of June, the five economists unanimously pronounced against a higher minimum wage set to date to 1331 euro gross for a full-time – above the legal minimum, that is to say an equivalent increase half of the purchasing power of average hourly wage recorded by the Department of Labor revealed Monday morning Voices.

Paul Champsaur, Chairman of the Panel, also chairman of the authority of official statistics, justifying this recommendation will "not undermine the economic and financial firms in an economic context remains fragile.An analysis that comes to support from the government, which had refused such an increase in the draft finance law for 2010.

Other devices for more effective fight against poverty

In line with recent studies by the OECD on the fight against poverty, Paul Champsaur, Martine Durand, deputy director of employment in the OECD, Gilbert Cette, chief economist of the Bank of France, Francis Kramarz Director of the Center for Research in Economics and Statistics (CREST) and Etienne Wasmer, professor at Sciences Po, highlight the most effective policies to support labor income, such as RSA or the earned income tax.The latter "have contributed very significantly to the increase in purchasing power of wages paid the minimum wage over the last ten years" noted experts who will decide accordingly to a "prudent management of SMIC articulated in a Master of labor costs and an appropriate policy to support the labor income of poor families.

The government decision that will affect some 2.6 million people currently receiving the minimum wage is expected next December 15.

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Proglio will upset the French nuclear

Henri Proglio has been elected head of EDF in order to make up the numbers. In an interview with the newspaper Les Echos published on Wednesday, the current boss of Veolia Environment is the message. Wishing neither more nor less EDF restore its historical role as leader of the French nuclear Henri Proglio calls into question the particular model implemented in the early 2000s with the creation of Areva, even before taking official functions to be held November 25.

"My ambition is to have a French nuclear industry works" says the outset this graduate of HEC. "This means rethinking the whole sector, particularly the roles of Areva and the CEA (the public pole of Nuclear Research)," he adds.

Henri Proglio has expressed disappointment and delays now being experienced in both projects Areva EPR (Finland) and EDF (at Flamanville).The same applies to the management of the bidding in Abu Dhabi for the construction of nuclear plants: the offer of the French consortium (composed of Areva, GDF Suez and Total) illustrate in his lack of consistency and efficiency of the French nuclear industry.

For an opening capital of Framatome

Having undertaken a review to say the least contrast of French nuclear Henri Proglio considering including the opening of the capital of Framatome, a subsidiary of Areva reactors and the role that EDF could take if this were to be conducted. "Sounds of having a Framatome strong, backed by other French and foreign," says he.Regarding the merger of Framatome and Cogema conducted in 2001 by Anne Lauvergeon to create Areva, the future boss of EDF is going to think it was "probably a mistake."

This vision of the French nuclear industry will probably not suit the current boss of Areva. Anne Lauvergeon has indeed developed a strategy to integrate activities of his group, which would be totally undermined by a detachment of its subsidiary Areva NP (formerly Framatome).

Among the dissatisfied, we may also find G?rard Mestrallet, CEO of GDF Suez, which might not enjoy the hegemonic intentions of EDF on the French nuclear. The two groups may well refer to Henri Proglio fundamentals, namely improving the rate of use of nuclear power plants at present very weak.The announcement yesterday by RTE EDF could not provide enough power in October they will no doubt arguments.

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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%).