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Volkswagen recalls 71,000 vehicles
Numerous vehicle recalls involve decidedly all manufacturers. In fact, Volkswagen, known for its reliability, will turn brown cars in its factories. The German manufacturer has announced yesterday the recall of 71,043 of its Jetta model family sedans, year 2011, the United States. The cars concerned are those built between March 2010 and March 2011.
Involved, the electrical system of its anti-theft alarms. Fuse responsible for protecting the burglar and converter boxes connected to the windshield and headlights are faulty. Thus, in some cases, a short circuit occurs and prevents the power headlights and windshield wipers.
Technicians are already hard at work to replace the potentially defective. But the manufacturer wishes to emphasize that, at present, no accidents were reported.
A model at a reduced price
But the recall could feed the many criticisms of this new model produced in Mexico and mainly distributed in the U.S. where it flows close to 100,000 copies a year. For some fans of the brand, the new version of the Jetta has lost many of its assets without adding new features guaranteed approval cash advance loans. In fact, to be more competitive and attract a wider audience, the Volkswagen has trimmed its U.S. equipment. The price of this new model has also been reduced.
These price declines have been decided at the height of the crisis and while the competitive market of the automobile was particularly moribund. The big players have thus been forced to trim their costs, a fact which might explain the massive recalls of vehicles from all manufacturers.In fact, the number of recalls made in recent months in the Japanese Toyota exceeds 8 million. The Chrysler has recently issued a recall on almost 250,000 vehicles. And last week, South Korea's Hyundai Motor has recalled 190,000 cars in the U.S. while the Japanese Honda was back in its 21,700 factories in the United States and Canada.
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Lactalis takes more weight in the Italian Parmalat
The General Assembly of shareholders of Parmalat, 12 April looks tense. While the rise in the dairy group Lactalis trans caused a stir in Italy, the company headed by Emmanuel Besnier announcement having captured 29% stake in Parmalat.
Holding 11.42% last week and 13.67% on Monday, Lactalis has indeed reached an agreement with three foreign investment funds Zenit Asset Management AB, Skagen AS and Mackenzie Financial Corporation to redeem their participation by 15.3% . According to the Italian press, the three shareholders would be fiercely opposed to the current chairman, Enrico Bondi, he intends to land.
Anyway, Lactalis is more than ever the majority shareholder of Parmalat.And although the group Laval did not intend to hold more than 30% of Parmalat, which would have to launch a takeover bid in the Italian securities laws, this absolutely does not like the Italian government and in particular Economy Minister Giulio Tremonti. The latter intends to take measures to defend domestic firms when they are considered "strategic payday advance lender."
Italy wants to counter Lactalis
To block the road to Lactalis and funds, the Italian government said "very favorable" to an alliance of investors across the country.Intesa-San Paolo could be the pivot while the dairy group Granarolo and giant chocolate Ferrero (Nutella, Kinder) have expressed their interest.
After that LVMH has offered the jeweler Bulgari and EDF talks with Italian Edison shareholders to reach agreement on the control of Edison electrician, Italy could see another national treasure in the hands of French companies . Not to mention that Groupama would take a share of the holding Premafin and that the airline Alitalia is 25% owned by Air France KLM since 2009.
In this context, France's ambassador to Italy, Jean-Marc de La Sabliere, was received on Thursday by Minister of Economy Giulio Tremonti and Deputy Secretary of the Presidency Gianni Letta, the right-hand Silvio Berlusconi, to be informed of the position of Rome who wants the "rules of reciprocity."
Undermined and criticized, Carlos Ghosn remains difficult to replace a CEO
Apologies for the Renault group in respect of executives dismissed unfairly, the promises of profound internal reorganization change nothing. For the second French car manufacturer, this case is a huge fiasco that weakens the iconic Carlos Ghosn and more the group he heads mercilessly for nearly six years.
The damage from what appears to be a scam rather than industrial espionage are considerable. Internally, particularly in Guyancourt Technocentre, southwest of Paris, the company is in shock. Thousands of employees found that their management may dismiss, wrongly and with violence, promising executives or confirmed. That this direction has been trapped, presumably by one person of the security service, without being able to detect the scam.Outside too, the great unpacking damaged the image of Renault, even though car registrations do not feel it yet. They remain very strong thanks to strong sales year-end, before the case broke.
The company turned
These jerks are even worse they come after several turbulent years from the manufacturer. Upon his arrival in 2005, Carlos Ghosn promises to radically change Renault. In its first three-year plan "Renault 2009", he made three promises: hoist the Laguna on the European podium for quality, increase the operating margin to 6% and sell an additional 800,000 cars. Nobody dares to doubt the success, as the image of the savior of Nissan is strong in the automotive world.
To achieve this, it puts the company on. Too, surely.Occurs a wave of suicides Technocentre Renault leads to a reorganization of work to try to reduce the stress involved 12,000 workers. The skipper lay a little pressure. First alert.
On the front of the models, the Laguna is actually recognized for its quality, but this car lines without personality is shunned by buyers. In reality, the real success of Renault Carlos Ghosn is the low-cost Logan, the Sandero and the Duster. By adding to the growing share of small Twingo and Clio models, the manufacturer is faced with an unforeseen problem: its relationship with the French state holds 15% of its capital.
Away in France
To be profitable, the builder is indeed pushed to produce these cars cheap outside France.A transfer of production which will eventually trigger a resounding clash with the government in the affair of the Clio Renault 4 that would occur in Turkey at the expense of the French plant Flins. Carlos Ghosn is urgently summoned to the Elysee. Renault backtracked, but the image is tarnished. The CEO is suspected of having a world view and away from France. Second warning.
Recent years have also been marked by the global crisis, which hit the car head-on. Short of money in late 2008, the builder is on the brink of disaster. Third alert. Carlos Ghosn is negotiating with the state emergency credit line of EUR 4 billion (PSA received the same amount). Finally, the manufacturer recovers, the crisis passes and recorded a dramatic rebound. In 2010, Renault announced 2.6 million cars sold, a record.But we are very far, either in terms of sales and operating margin, promises of Renault Commitment 2009.
The alliance between Nissan and Renault
Carlos Ghosn, however, has never really suffered from the failure of this plan. Observers prefer to retain only its success. For many, the alliance between Nissan and Renault is a success that has continued to grow in recent years. Nissan, still led by Carlos Ghosn, is in great shape. The Japanese manufacturer, strong in the United States, China is number three, ahead of Toyota. The choice of Renault to enter the capital of AvtoVAZ, famous for his Lada, is considered very promising. The recovery of Renault Samsung Motors in Korea is real. Finally, Dacia is one of the greatest automotive success of his last years.
Although much criticized today, Carlos Ghosn still has good assets.The first is to embody almost alone the future of two automotive giants. In recent years, the manager focuses much of the resources of Nissan and Renault on the electric car. For Renault, this strategic choice is already 4 billion euros of investment. This story is only beginning. The first Nissan electric marketed since late 2010 in Japan and the United States. The Renault Zoe arrive later this year. Not easy in these conditions happen to Carlos Ghosn. The directors of Renault know this.
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Mubarak's departure relieve Wall Street
U.S. stock markets have opened lower on Friday. The Dow Jones and Nasdaq retreat in effect respectively 0.23% and 0.26% at the opening. But reversal when Egyptian authorities announced the departure of Mubarak, the U.S. indices have returned to positive territory.
Thursday, after long hesitation which direction to take, Wall Street has once again ended the session close to balance. The Dow Jones lost 0.09% at 12,229 points, the Nasdaq rose 0.05% to 2790 points and the Standard & Poor's 500 + 0.07% to 1321 points.
Tension has risen a notch in markets so what Egyptian President Hosni Mubarak has left Cairo. Yesterday, it said in a speech he transferred power to his vice-president Omar Suleiman. The crowd, massed on Tahrir Square in Cairo, immediately expressed his displeasure.Meanwhile, the Supreme Council of the armed forces said in a statement it would guarantee a "free and transparent presidential election in light of the constitutional amendments decided" and has "cautioned against any threat to the security of the nation and citizens . This situation could still weigh heavily on stock markets and oil markets. Many observers fear is indeed a phenomenon of contagion and disturbance on the Suez Canal. Oil prices have opened lower: about 14.15 GMT on the New York Mercantile Exchange (Nymex), a barrel of light sweet crude for March delivery traded at 86.63 dollars, down 10 cents the previous day.
On the macroeconomic front, the trade deficit the U.S. has widened in December, according to figures released this morning by the Commerce Department.The trade balance shows a deficit higher than expected at 40.58 billion dollars.
Also note, industrial production in India rose in December to its weakest pace in 20 months, gaining only 1.6% year on year, according to figures released Friday suggest the possibility of a settlement the country's economic expansion and possibly other emerging markets.
On the foreign exchange market, the euro continued its decline against the dollar to playing its role as a refuge. Around 15:30 in Paris, the euro fell against the dollar at 1.3518 dollar.
Nokia fell more than 11%
The world number one Nokia mobile phones falling 11.31% to 9.65 dollars after announcing on Friday it was preparing a series of drastic measures. The most notable is a "comprehensive strategic partnership" with Microsoftdans smartphones guaranteed online personal loans.Under the terms of the agreement, the system "Windows Phone" Microsoft is becoming the main platform for Nokia smartphones. The Nokia CEO Stephen Elop also announced that the group would cut jobs worldwide, without giving figures.
The side of values, NYSE Euronext has opened up 0.93% to 38.15 dollars. Discussions between the NYSE and Frankfurt, which could lead to the birth of the first global exchange group, have a bitter taste for American financial circles, where many see it as a sign of the waning influence of the place in New York. In its statement Wednesday, the two operators have spoken only of "fusion". But they said that the shareholders of Deutsche Boerse would be the majority of the new entity, with 59% to 60% of the shares.
U.S. food giant Kraft will decline from 2.76% to 30.25 dollars.The group yesterday announced a profit after closing up 36% in 2010 but down on the last three months of the year results in line with analysts' expectations and accompanied by a marked increase in sales. Over the whole of last year, net income group share grew 36% to $ 4.1 billion. However, for the fourth quarter alone, net income group share came to $ 540 million, down 24% year on year. The turnover of the group, which has offered Cadbury last year rose 27% to $ 49.2 billion throughout the year and 30% over the last three months of 2010 13.8 billion, a growth almost exclusively from the redemption of the British confectioner.
For its part, Yahoo! opens up slightly from 0.18% to 16.65 dollars.The web giant announced it would launch in July a digital kiosk called "Livestand, which will make a new tablet computer readable medium of personalized information. The product should be compatible with all operating systems and tablets, provided Yahoo. To begin, will be adapted to Livestand Apple iPad and appliances under Honeycomb, a system designed by Google that should fit the particular tablet Xoom Motorola.
Also in the technology sector, the social networking website Facebook plans to let employees sell for a billion dollars of shares to investors hoping to enter his capital, in a transaction that values around 60 billion dollars, according the site of specialized information, All Things Digital.
The pump prices near their record
Pressure is mounting on motorists: Never pump prices have been near record levels in June 2008 when a barrel familiarly the bar $ 150. According to the latest statistics of the administration, the super unleaded 95 (SP 95) averaged at 1.467 euros per liter, 2 cents of the historic peak of 1.488 euro. The diesel has a little more leeway: it now stands at 1.284 euro, against 1.438 in 2008.
These prices can be surprising because the Brent crude in London is changing these days around $ 100, far below the peaks here are two and a half years. However, in the meantime, the dollar has appreciated against the euro, highlighting the pump the impact of soaring crude prices. Over the next few weeks, most experts believe that prices could still rise.They are based primarily on the wave of tensions in the Middle East set to continue.
For now, fuel consumption, which covers about half the French demand for oil has not yet been severely impacted. According to figures released Friday by the French Union of Petroleum Industries (Ufip), it rose 0.2% last year, the increase in diesel sales (+2.1%) to address the decline in supplies Gasoline (- 6.2%). It is the fruit of dieselisation French fleet, with more than 70% of new registrations.
The CAC 40 returns to the 4000 points
In Paris the CAC 40 has remained in limbo (-0.30% to 3964.84 points) yesterday, Thursday. But this Friday, the index resumed height: the gains are highlighted throughout the mtinée developed to find the famous psychological barrier of 4000 points. Around noon, he climbed from 1.09% to 4008.24 points.
Factor supporting this day, the morale of French manufacturers, which continued its gradual rise in January, with a sharp jump of six points from the previous month to 108 points, the sentiment index of all the winning business it a point to 106 points, Insee said Friday.
But also and above all, good news from Germany has added some balm to the hearts of investors.The barometer of the Ifo business climate, leading confidence index in Germany has reached a new record in January at 110.3 points against 109.8 points in December.
This morning, Asian stock markets overall declined sustained change, and yesterday afternoon, Wall Street has ended at equilibrium, as investors opted for caution amid speculation about new Chinese measures to prevent overheating of the second world economy .
The appointment on Friday, the monthly business survey in industry and services by INSEE. Then 10 hours, the German Ifo index will be monitored.
On the foreign exchange market, the euro is trading above $ 1.35 on Friday. The euro has gained strength this week against a background of successful bond issued by European countries like Spain and Greece.In front, the dollar depreciated while Barack Obama has welcomed Tuesday its Chinese counterpart and called for yuan appreciation.
Sanofi-Aventis is expected to extend its offer for Genzyme
Genzyme's offer to come to an end this Friday, January 21.
Vivendi balance to 21.56 euro Judgement of the Criminal Court of Paris in the trial of Jean-Marie Messier.
Renault: 0.75% to 47.22 euros The three executives in question have filed a complaint and will vigorously defend. The doubt settles. Renault's CEO will speak Sunday evening.
Kaufman & Broad: 0.62% to 24.40 euros The group announced on Thursday night have returned to profitability in 2010 and 21% had reduced its debt after a year marked by an upturn commercial guaranteed approval cash loans.
Somfy: 1.57% to 185.90 euros The shutters specialist announced a revenue increase of 12.1% for its fiscal 2010 to 852.6 million euros. Sales have benefited from buoyant activity in Germany, Central Europe and East and France. They have offset lower sales in Northern Europe.
Damartex: -3.40% to 23.04 euros The apparel retailer reported Thursday evening sales up 3.8% in the first half of its fiscal year 2010-2011, 385.3 million euros.The group, which owns the brand Damart, has not made a forecast for the coming quarters.
Schneider Electric (+1% to 111.10 euros) on Thursday confirmed the closure of its plant in St. Pryvé St. Memin (Loiret) managed by one of its subsidiaries.
Air France-KLM The company goes from 1.84% to 13.56 euros after posting seven consecutive sessions of decline with a drop of more than 4% Thursday evening after closing the warning on the results of EasyJet yesterday.
Scor (balance) announced Thursday it had successfully placed 400 million Swiss francs of perpetual subordinated securities.
CGG Veritas (1.49% to 24.41 euros) announced that it has finally issued 360 million euros in convertible bonds after exercising the over-allotment option.The group had initially planned to issue 315 million euros.
APRR: +0.10% to 51.38 euros The motorway company has reported a traffic increase of 1.3% in the fourth quarter, offsetting heavy traffic traffic light vehicles affected by snowfall and shortages of gasoline in the early fall.
Compagnie des Alpes The leisure group said sales growth of 1.41% in the first quarter of its fiscal year 2010-2011 supported by a good attendance of its ski areas through early snowfall observed in late 2010.
Veolia Environnement Groupe Industriel Marcel Dassault, the holding of the Dassault family, announced December 31, 2010 hold at 5.37% of share capital and voting rights of society in environmental services.
Cegid reported Tuesday a turnover up 0.4% for 2010 and expects a net profit increase for its entire fiscal year.
Technip announced Friday it had won a contract refinery in Bulgaria worth 70 million euros.
The site Eurosportbet TF1 is for sale
Qu'Eurosportbet not have results "ridiculous" in terms of customers, but "economically, it is not satisfactory," Nonce Paolini launched this Friday on LCI. So he said: "If there is a bid, we will look, we must be pragmatic."
It must be said that after the kick-off explosive opening of the gaming market online 8 June 2010, supported by World Cup football in July, the enthusiasm of internet users has quickly faded. Many of the side-operators, the market "was very disappointing," says the boss of the first TV channel in France, which states that this niche is not its core business.
"I was skeptical about the ability of the French market to have as many operators," he said on LCI.Indeed, a quarantine approvals (21 per poker, paris 12 for sports and seven for horse paris) were awarded to thirty operators. Three operators have the three accreditations: BetClick, PMU and SPS Betting France.
Finally, Nonce Paolini denounces paris online for a "regulation that is not favorable from a system that is very heavy, the heaviest in Europe fast cash."
The French game bet on the long term
The French game, which hitherto had a monopoly with the PMU, announced Wednesday a nice earnings growth: 180,000 punters in 2010, housing starts jumped 112% to EUR 91 million and its share market amounted to 15%.
But his boss is far from jumping for joy. "We must be patient, insists Christophe Blanchard-Dignac, which has imposed the term on the Paris sports online.His goal has not changed with its site ParionsWeb!, The French gaming market is a quarter of internet sports paris in 2012.
(With agencies)
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Orange is preparing a related response KINECTS
Wednesday night, Steve Ballmer, the Microsoft boss made his show at CES in Las Vegas, starring in the new recreational features of the Xbox game console and Kinetc, the accessory that everyone becomes a joystick . Soon the phrase "Xbox, show me a movie" will have access to a selection of films. The user can not only play, but zapping the finger and voice.
Similar functionality is in the cards at Orange Valley, a subsidiary of Orange, with Keenu. "The Orange Box will include a 3D camera that will play as the controller, but also to control his TV with a hand gesture," says William Oulés, development manager at Orange Valley.The new features allowed by the camera "3D are numerous and are the technical prowess, according to William Oulés, since the boxes were much less powerful processor than Microsoft's console.
However, by Orange Keenu allow both to change the channel with a simple hand movement, than playing as the controller Same day payday loans. Facial recognition, achieved through 3D also allows management of user profiles, see parental controls. Keenu will also be connected to the Internet, with its application bundle. For example, Géonews, which will display a 3D globe and to "manipulate" to choose the area of the world which we seek information. Also on the photo storage sites such as Picassa, simply drag the photos, with his hand. The 3D camera movement cue, moving images, photos, glue, can make connections.Finally, Keenu conference also offers a vision improved with the 3D capture. Again, face recognition lets you create personalized calendars s'afficent by the person appearing before the camera. A function can also blur the background, useful for teens who do not rank their room!
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Wall Street should begin on a note of optimism
The year 2010 has ended in optimism on Wall Street. Over the whole year the Dow has gained 11%, the S & P 500, 13% and the Nasdaq Composite, 17%. Friday, after a little busy meeting, Wall Street has found this wonderful year on a stable tone. The Dow Jones gained 0.07% to 11,577.51 points, however, the S & P 500 lost 0.02% to 1257.64 points and the Nasdaq fell 0.38% to 2652.87 points.
The ISM program
On Monday, U.S. stock markets, should continue their march forward. Futures on Standard & Poor's 500 advanced in effect from 0.53% to 1261.20 points and those on the Nasdaq 100 climbed 0.45% to 2234.50 points.
Over the last week of 2010, Wall Street was supported by a series of macroeconomic indicators of good quality, suggesting an acceleration of consumption and economic growth in the United States.
The year 2011 will begin on hubcaps, with a new salvo of indicators due this week could test the optimism of the end of 2010.
The dance of these publications will begin today with the ISM manufacturing index for December 2010. Investors will also monitor this Monday in the U.S., sales of construction spending for November.
Also on this week, figures for industrial orders for November will be released Tuesday, and the next day, the ISM index on the services sector will be announced. The latter is more representative of the health of the U.S. economy as the ISM's manufacturing sector alone published Monday.
Thursday investors will learn the traditional figures of weekly claims for unemployment compensation.Friday, dropping the first estimate of net job creation in December by the Department of Labor and the unemployment rate, calculated from a survey of the workforce.
On the foreign exchange market, the euro was down against the dollar on Monday due to uncertainties still the public finances of most vulnerable countries in the euro zone as Portugal and Spain. Around 11:00 am in Paris, the euro was trading 1.3303 dollars against 1.3381 dollars on Friday night.
Facebook valued at $ 50 billion
The side of values, the investment bank Goldman Sachs has invested in community site Facebook on the basis of a valuation of $ 50 billion, said on Monday the New York Times.The value of Facebook, so far estimated at $ 42 billion, would be higher than that of groups established for much longer, like eBay, Yahoo! and Time Warner, says the newspaper, quoting sources involved in the transaction. Goldman Sachs and an anonymous Russian investor have made some 500 million dollars to the site founded by Mark Zuckerberg. The personal wealth of the latter would end up this way doubled.
The Financial Times for his part said that the microblogging site Twitter has declined in 2008 to a takeover bid of $ 500 million social networking site Facebook.
Difficult start to the year for Apple. Some iPhone users have started 2011 with a failure alarm, the alarm function of the smartphone has been a computer problem with the change of year.According to the BBC, this anomaly has involved occasional alarms iPhone 4 and previous models of the Apple smartphone with the latest software updates. The British newspaper Daily Mail reports that thousands of people arrived late for work or missed trains or planes because of this problem. The alarm function of the iPhone had already experienced difficulties during the transition to winter time.
Google dream of a new digital kiosk
For its part, Google would work on a new digital kiosk designed for mobile devices running its Android operating system, hoping to seduce the newspapers by offering better terms than Apple, said Sunday the Wall Street Journal. Several media groups, including Time (Time Warner), Conde Nast and Hearst have already been approached by Google for this project, according to the Wall Street Journal.Furthermore, Lagardere said Friday evening is in exclusive talks until January 30, 2011 with Hearst on the sale of its flagship news magazine world.
Always on the side of values, the world's number one smart card Gemalto announced Monday it had completed the sale of its payment terminals in VeriFone U.S., the major competitor of French Ingenico. The amount of the transaction, which occurred Dec. 31, is not specified in the statement issued by Gemalto."VeriFone is a leading global payment solutions for merchants and banks side traders, and we, we are champions of payment solutions for consumers and banks that issue credit cards," says Gemalto.
For his part, Saint-Gobain announced Monday the completion of the sale of its "Advanced Ceramics" at CoorsTek U.S. group for $ 245 million, or about 200 million euros.
Also note, four insurers, including Swiss Zurich Financial Services (ZFS), will pay a total of $ 120 million (90.3 million) to settle a dispute with the State of New York concerning overpayments insurance premiums, officials said Monday.
Wall Street ends in a disorganized
U.S. stock markets end undecided Thursday. The Dow Jones gleans 0.12% at 11,573 points (new record of over two years), the Standard & Poor's 500 and Nasdaq retreating them respectively by 0.16% to 1257 points and 0.22% at 2666 points. The exchanges were still be very limited today.
Wall Street will be closed Friday, Christmas Eve. Wednesday, after long hesitation which direction to take, Wall Street has ended the session in a very slight increase was hoisted to heights unknown for over two years, before the bankruptcy of Lehman Brothers.
On the foreign exchange market, the euro gained some ground against the dollar on Thursday in a market also lacks volume approaching the holiday season. Around 22:30 in Paris, the euro bought 1.3119 dollars against 1.3095 dollars late Wednesday.
The euro was again on the decline against the dollar, wiping out the gains earlier in the day. As for the Swiss franc, it has continued to gain ground against the euro in passing for the first time on Wednesday to below 1.25 Swiss francs per euro. The Swiss franc fell to 1.2439 per euro, a new record after those of the previous day where the Swiss currency had reached the milestone of 1.26 per euro. As for oil, the price of oil has exceeded the threshold of 90 dollars late Wednesday in New York. The highest since October 2008.
Economic figures shovel
On the macroeconomic front, the jobless claims remained at their lowest level this year in the week ending December 18: 420 000 applications for benefits were filed. It's better than analysts had expected. This figure is the second lowest of the year.Over four weeks, the number of jobless claims is at its lowest since August 2008. These good numbers foretell a possible decline in the unemployment rate in December, after peaking at 9.8% in November.
Consumer confidence has improved in any case in December in the U.S., reaching a highest since June, with favorable prospects for employment and large balances among retailers, according to the monthly survey Thomson Reuters-University of Michigan on Thursday.
And new home sales in the U.S. rose 5.5% in November, official statistics show on Thursday. These sales were $ 290,000 in annualized pace in November (consensus 300,000). In October they were down 10.7% to 275,000 in October. The number of new homes for sale has dropped to 197,000 units, the lowest since March 1968.
The day before investors are aware of the latest estimate of growth in the third quarter. Compared to the previous quarter, U.S. gross domestic product increased during the three months was 2.6% annual rate. That is more than the previous estimate (+2.5%) but analysts were expecting a little better (+2.7%).Also unveiled yesterday, sales of existing homes rebounded by 5.6% last month to 4.68 million units on an annualized basis (according to figures from the NAR), a figure broadly in line with expectations of economists who anticipated 4.7 million transactions cash advance today.
AIG about to sell its Taiwanese life insurance
The side of values, the U.S. insurer AIG (-2.65% to 54.38 dollars) is expected to announce next week the name of the buyer of its subsidiary Taiwanese life insurance, Nan Shan Life, which could sell for 2 and 3 billion dollars, said Thursday the Asian Wall Street Journal. AIG directors should consult the buyer on Thursday to select from among four candidates, as the business daily. He added that the four candidates are Chinatrust Financial, Fubon Financial, Cathay Financial and Ruentex Group.Taiwanese authorities had rejected the proposed sale of Nan Shan Life to China Strategic Holdings and Primus Financial Holdings, both based in Hong Kong.
Always on the side of values, the U.S. hotel group Hilton Worldwide, accused of stealing a concept of luxury hotel connected to Starwood Hotels & Resorts Worldwide, announced it has reached an agreement with its competitor. The agreement between both parties provides for "trade restrictions over a period of two years," said a statement indicating that "other terms of the agreement are confidential." The Wall Street Journal on Thursday, Hilton was barred for two years while launching chain of hotels "trends". The group should also abandon its draft final String Denizen. Hilton Starwood will also pay a "substantial sum", said the New York Times quoted a source familiar with the matter.The newspaper did not specify the amount of such compensation.
Wedding Defeat Global Markets and Chi-X
Also note, Carl Levin, the chairman of the Armed Services Committee U.S. Senate, said he was ready Wednesday to open an investigation on the public release of confidential documents EADS and Boeing (0.68% at 65 , 05 dollars), competitors in the tanker market. The U.S. Air Force had announced Nov. 19 that it had mistakenly provided to each contestant a "limited quantity" of confidential information about its competitor.It was announced at the same time it rejected in early 2011 the choice of winner for the contract of $ 50 billion that should provide for the replacement of its fleet of KC-135 tankers out of age.
Finally, the first alternative exchange Chi-X Europe to be announced exclusive negotiations with the U.S. Defeat Global Markets for a possible merger to create a leading global equity. They have not advanced any amount for the transaction, but recently, the Financial Times estimated the value of Chi-X Europe to 300 million. Discussions have been opened for months with four potential buyers, including scholarships transatlantic NYSE Euronext and Nasdaq OMX, which were finally not selected.
Founded in 2007, Chi-X Europe, which is present in fifteen major European markets rose to a level comparable to that transaction by Deutsche Börse.For his part, BATS Global Markets (BATS), based in Missouri (center of the U.S.) has become since its founding in 2005 a leading U.S. stock market.