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Apple announced Tuesday after the close of Wall Street that the media group's boss Disney, Robert Iger, integrate its board, now chaired by Arthur Levinson, who was one of the leading officials of the board of the group in 2005. These decisions were taken one month after the death of founder and CEO of Apple Steve Jobs. In addition, Apple has opened for the first time Wednesday discussions with advocacy groups accuse the Chinese environmental industry working for the manufacturer of computers and smartphones U no fax needed payday loans.S. large-scale pollution.

The Dell IT group released Tuesday, also after the close of Wall Street, with net income up 9% in the third quarter of fiscal offset to $ 893 million, slightly above expectations.

Under no fax paydayloans, an applicant can apply for any amount between $100 and $1500, considering the importance of the ends.

The news could not have come at a worse time. According to data recently published by the Ministry of Labour, the number of registered unemployed at the end of month employment center has increased again in September. And not a little: from 26,000 in Class A (unemployed who have not worked at all) and 27,600 in categories A, B and C (including job seekers who have had a reduced activity during the month ).

By category, so there is between 2.78 and 4.175 million unemployed in France. A level not seen since January 2000 in Class A and never reached at all, the combination A, B and C.Results for the six months to less catastrophic for the presidential and the more so as the number of registered unemployed in category D (that is to say, training, training, illness or device reclassification as contract Professional security and therefore not required to seek work), jumped 3.8% in September after several months of declines or relative stability. Proof, if needed, that the social treatment of unemployment on public money is well and truly left full in September.

In a statement, Xavier Bertrand "takes note of these poor figures related to the downturn." The Minister of Labour and Employment took the opportunity to recall the "absolute engagement" government "on the employment front, especially for young people."And for good reason: the number of under 25 not engaged in any activity which have registered at employment center grew 0.6% in September, bringing down over-year to 2% when it was over 6 % on the first months of the year.

It is mostly young men who enrolled en masse in September (1.3% against 0.1% for young women)."The new measures already in force of the law of 28 July 2011, including the ability to start an apprenticeship contract immediately without learning, practical solutions to the challenges made in the field should enable all young people wishing to enter alternately you can do, "warns, however, Xavier Bertrand cashadvance.

Sudden economic downturn

The Minister did, however, no word in the direction of the unemployed and senior long-term which, when not hurt, have been hard hit by the economic downturn last month. The number of unemployed people over 55 increased by 2.1% in group A (a jump of 14.3% over one year) and that of long-term unemployed, 0.7%.

The cold shower is especially icy for job seekers registered for more than three years employment center (+2.5% on month and 21% year on year).Immediate consequence, the average length of employment center has yet to take one day at 456 (against 394 days two years ago), and the share of registered unemployed for over a year unemployed now stands at 38.2 %, up 8.5 points history since the beginning of the crisis.

Apart from the inscriptions following a redundancy which continue to decline (-2.5% over one month and 12% year on year), the other two main reasons for entry are on the rise: the purpose CDD (+4.5% on month and 9.7% year on year) and for temporary assignments (+0.3% in a month and 13.6% in twelve months).

As for administrative radiation, often a source of controversy, they are this time not in any case. They rose in effect from 4% in September and were virtually unchanged over the year.The other bad news, confirming the sudden economic downturn, concerns finally collected and vacancies filled by employment center that fell in September, respectively, 7.1 and 5.3% over one month.

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The fear of a slowing Chinese economy weigh on Asian stock markets. On Tuesday, the day after a session, however encouraging, the Hang Seng Index in Hong Kong and Shanghai Composite Index unleash respectively 3.34% and 1.67 points to 18,243.31% to 2399.58 points. Investors react to the publication of a slowdown in Chinese growth to 9.1% in the third quarter, against 9.7% and 9.5% in the first and second quarters.After this bad figure, other regional financial centers are also displayed down: the Nikkei of the Tokyo Stock Exchange lost 1.47% to 8749.08 points, the Kospi index in Seoul fell by 1.47% to 1837.73 points, the S & P / ASX 200 Index yields 1.82% at Sydney 4197.70 points, the BSE Sensex 30 in Mumbai fold from 1.66% to 16,742.80 points and the FTSE Straits Times of Singapore gives up 1.78% to 2729.51 points.

"Economic growth is currently facing a more complicated on both external and internal plans," said the spokesman for the National Bureau of Statistics (NBS), Sheng Laiyun commenting on the growth of China. In fact, Chinese exporters are beginning to suffer from particular sovereign debt crisis in Europe, their largest market, a difficult economic situation in the United States.The Chinese economy is also impacted by rising wages and strong yuan, has appreciated by 7% in a year against the dollar. "The number of factors of instability and uncertainty increases," says Sheng Laiyun.

The concern weighing on Europe

In this context, the correct figures for China's industrial production have gone unnoticed cheap pay day loans. This has increased by 13.8% in September year on year, according to BNS.

In addition, concerns about the debt crisis in Europe grew yesterday and weigh Surles markets. The German Minister of Economics Wolfgang Schäuble has indeed warned that the EU summit to be held in Brussels Sunday will not lead to a definitive solution to the debt crisis. And, while the central bankers of the euro zone had promised a response "comprehensive and lasting peace" to the crisis at the G20 finance this weekend in Paris.

China Eastern Airlines to Hong Kong and Tepco

On the corporate side, China Eastern Airlines (-7.02% to 2.65 Hong Kong dollars) on Monday announced an agreement to acquire 15 Airbus A330 family for a selected list price of $ 2.5 billion, for delivery between 2013 and 2015.

Note that Tepco, the operator of the nuclear accident in Fukushima, yields 1.38% in Tokyo, after asking the first tranche of public assistance of some 700 billion yen (6.7 billion euros) for finance part of the compensation of victims, according to Japanese media on Tuesday.

On the front of currencies, the euro rose 0.28% to 1.377 dollars on Tuesday. Oil is meanwhile down in Asia after the confirmation of a slowdown in Chinese growth in the third quarter against a backdrop of skepticism about a speedy resolution of sovereign debt crisis in the euro area.The barrel of "light sweet crude" for delivery in November, up in the early electronic trading, lost 9 cents to 86.29 dollars, around 6:00.

The benchmark rents (IRL) continues its momentum. Indexed to inflation, the index increased by 1.90% yoy in the third quarter 2011, according to INSEE, its largest increase since the first quarter of 2009.

Following the same curve as the price index, the benchmark rents had fallen sharply during the crisis, before recovering from the first quarter of 2010. However, according to figures released Wednesday by INSEE, inflation emerged up 2.2% year on year in September, despite a slowdown during the past month.

Consequence of this increase in the IRL, the owners can raise rents to their tenants under lease, 1.90% maximum per year. This ceiling is not to be confused with the increase that may require the owner at the end of the lease, and which itself is not subject to this limit.

Rising rents slows

They are also in the process of marking time, like the sale price. The latest observation Clamor, the rents charged to new tenants were up 0.9% over the first eight months of the year, against 1.4% a year earlier. In 34% of cities in France, this trend is even negative. This is for example the case in Paris (-0.1%), Bordeaux (-0.9%) or Toulouse (-0.4%).

In other cities of the Hexagon, however, rents remain strong on the upside. This is the case in Lyon (+1.2%), Nantes (+1.7%), Lille (1.9%) or Le Havre (+2%). For the full year, Clamor expects an average increase of 1.5% to 1.8% against 2.5% in 2010.

The Observatory notes wide disparities between the cities but also between the quality of rented accommodation.Owners who make improvements before entering into a new lease rent on average well 9.3% more than the previous occupant. However, when the property is rented without work, its rental value decreases by an average of 5.4%.

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The optimism was short-lived on the Asian markets. After an encouraging start of the week, the markets plunged again in the red, the footsteps of European and American stock exchanges. Hopes that the problems of sovereign debt in the euro area resolved quickly, as promised last weekend by the Franco-German duo have been showered by the rejection by the Slovak parliament to the expansion of financial aid funds the euro area (EFSF). Last country to vote on the subject, Slovakia was expected by the markets at the turn. This decision may slow the process of post-crisis recovery that the pessimism of the operators. A second vote, however, could be organized with the support of the left opposition which requires the holding of elections in exchange.

In addition to these political deals, investors are disappointed by the results of the aluminum giant Alcoa.The latter, which traditionally opens the ball results in the United States, reported Tuesday a quarterly profit below expectations, attributed to slower economic growth since mid-2011.

The U.S. Senate penalizes the yuan

In Japan, the bad news drive the Nikkei down. At the end, it gives up 0.40% to 8738.90 points. The broader Topix index has eroded his side of 0.21% to 753.44 points. Export values ​​are undermined by a strengthening of the yen was down 0.27% Toyota, Honda of 1.79% and 4.07% Nikon loose, affected by its decision to suspend production in Thailand by the floods that hit the country. For the same reasons, Toyota announced that he was forced to suspend production for the week in its three plants. Values ​​related to energy are affected by the poor results of Alcoa.Sumitomo Metal Mining loose eg 1.64% no fax cash advances.

Please note that orders for capital goods in the private sector in Japan, excluding energy and shipbuilding, jumped 11.0% in August compared with July, according to the government Wednesday.

Australia's S & P lost 2.09% to 3325 points. Values ​​related to the sector of raw materials are affected by Alcoa. BHP Billiton drops 1.20%, 2.51% Alumina and Rio Tinto 1.59%.

The Hang Seng in Hong Kong manages to remain in the green, up 0.63% to 18,255 points, as the Shanghai Composite Stock Exchange Shanghai jumped 2.16% to 2399 points. Always driven by Beijing's decision to support the banking sector, Agricultural Bank of China gained 1.34% and 1.13% Bank of China.Moreover, the U.S. Senate on Tuesday approved a bill to penalize China, suspected of manipulating its currency to boost exports, despite the reluctance of the White House. The adoption of the bill is a "severe sprain" the rules of the World Trade Organization (WTO) can cause a "trade war", responded Wednesday to the Chinese Ministry of Foreign Affairs.

The Korean Kospi follows in the footsteps of Chinese markets and advances from 0.50% to 1803 points. Even bullish on India Sensex climbs to 1.10% at 16,718 points.

Oil down

The price of oil was down at the opening Wednesday in Asia, where the market re-Slovak pessimistic after the rejection of strengthening European support fund and the estimated demand for crude revised downwards by OPEC.

In electronic trading, a barrel of "light sweet crude" for November delivery lost 1.04 dollars to 84.77 dollars. Barrel of Brent North Sea crude for November delivery gave 74 cents to 109.99 dollars.

Faced with the fear of a general banking collapse, the Franco-German couple is once again under the spotlight. And once again, things are not simple. Nicolas Sarkozy will be tomorrow in the German capital to "speed up" with Angela Merkel the implementation of the bailout of a Euro still full turbulence. The urgent need for the French president and German chancellor, is to flatten their differences on the use of the European Financial Stability Fund (EFSF) and reach a tentative agreement on the thorny issue of the recapitalization of banks.

Angela Merkel ruled Thursday that "there was a need to recapitalize, it would be reasonable to invest money" in terms of what could cost an emergency rescue industry.But she insists on the fact that the Fund will be used to bail out financial institutions on the condition that states can not themselves "to support the recapitalization of their banks' and it puts" endangered the euro area as a whole. "

In fact, Paris Berlin suspected of wanting to directly use the emergency fund to recapitalize banks weakened by the prospect of a debt reduction Greek. "The French have misunderstood the EFSF, decrypts it does in Berlin. Our position is that banks must first seek funding markets, and the side of the national public authorities. Only when there is no money available comes the European level. The EFSF is a tool for countries like Greece or Portugal.If a country like France – among the strongest financially of the euro area – wants to appeal, then this is the door open for all members of the area had ro dig into the fund. "

Berlin suspects Paris

An over-interpretation, says it does on the French side. "We have not yet begun to discuss that!" Do we wonder at the Elysee. At Bercy, it ensures not see fundamental differences with Berlin. "We agree with Germany, said the entourage of the Minister of Economy, Baroin, the fact that more capital into banks, including French," even if only to meet new international standards of Basel III in 2013.Whenever possible, the French banks also plan to comply with without recourse to the capital, let alone the U.S. – by separating certain activities if necessary, by distributing fewer profits to build equity .

But if there had to be re-capitalization, especially to reassure investors, "the sources must first be private," insists one at Bercy. "Ultimately, this should be to rely on injections of public capital." According to Paris, "a European coordination is essential to determine the amount of capital to meet the deadline by which this capital is to be achieved, and the tools for that. " It is on these criteria that France and Germany could agree this weekend.For its part, Brussels will make proposals for a coordinated recapitalization "in the coming days."

Moreover, given the deepening crisis, Angela Merkel has gradually accepted the idea of ​​economic governance of the European Union, defended by Nicolas Sarkozy. Expanding the powers of EFSF part of this process. However, the Chancellor – who imposed hard fought his troops to ratify the Bundestag building – is faced with a majority crossed by a strong current Eurosceptic.

Markets would also like to know more about the technical means to leverage the clout of EFSF. These contain the spread of the crisis heavyweight like Italy, Spain, and Portugal, while the levees are still weak.Should we go further and erase a more substantial part of the Greek debt? Should we consider that the Fund provides guarantees? The German finance minister, Wolfgang Schäuble, at least possible that Germany spends more money than EFSF the 211 billion passed by the Bundestag.

These tensions, it is now the standard mode of operation between Paris and Berlin. Pressure mounts on both sides of the Rhine, until a compromise emerges in a head-to-head at the highest level. Given their respective domestic political weakness or Merkel or Sarkozy can not afford a failure.

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Politicians and leaders of employers' organizations concerned regularly extinction risk of thousands of business for lack of buyers. Their fears are great, but it is impossible to quantify accurately the number of companies involved, lack of national statistics. "The market for the transfer of SMEs is opaque," said Gregory Bush, President of Epsilon Research, a consultancy specializing in financial analysis, acquisitions of unlisted companies in Europe.To better understand this market, Epsilon Research and National Society of mergers and acquisitions (CNCFA) created last year, a barometer of the transfer of SMEs in France.

The second edition of the barometer, which analyzes the SMEs employing between 20 and 249 employees and transactions with a value between 1 million and 50 million euros, the market potential is estimated at 4 130 SMEs on a total of 87,000. The SME market for family businesses in 2840 a total of 44,400. It consists of 710 transfers and 2,130 internal transmissions. For SMEs subsidiaries of large groups (42,670 businesses) in 1020 and 260 sales outlets LBO.

Rising prices

Direct consequence of the crisis, the market recorded transactions from the database professional has experienced sharp declines in 2008 and 2009.The value of transactions fell from 5 billion euros in 2007 to 2 instant personal loans guaranteed.1 billion in 2009. "The activity was slightly recovery in 2010 with a 7% increase in volume and 7.5% in value," says Gregory Buisson. The price of SMEs increased by 10% compared to 2009. However, the number of transactions, which had risen to 862 in 2007 was only 698 last year. LBO funds "were the only engine of the recovery," while industry groups have remained cautious in their procurement policy.

Purchasers of the euro area are the most active (35%) on the French market. They regained their 2003 level. Europeans outside the euro area, that is to say mainly the British, are increasing. North Americans are sharply down. They are at their lowest.Asians, who were increasingly active since 2002, are also down.

2011 will probably be a difficult year. The recovery in 2010 seems compromised. "According to preliminary figures, the market fell by 45% by volume in the first three quarters of 2011 compared to 2010," says Gregory Buisson. But the valuations of companies that are fit are high, thanks to the appetite of the funds.

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"Android is not free." Steve Ballmer, Microsoft CEO, had reiterated in an interview with CNN. The computer giant, who believes that this platform violates several of its patents, asking all manufacturers of devices using it to pay him royalties. After the Taiwan-based Acer and HTC, so it's Samsung's turn to bend. The Korean giant has signed an agreement to this effect Wednesday requiring him to pay royalties to Microsoft on sales of each of its smartphones governed by the system Android.

The terms of this agreement shall remain confidential. Note that Samsung should pay, however, could be as salty as that of HTC, which would pay about $ 5 a smartphone. The success of the Samsung Galaxy SII should fully make the computer giant.

In addition to this financial agreement, Samsung is committed to supporting the development and marketing of Windows Home Phone System. The Korean giant has also announced the launch of the Omnia W under the new version of the operating system.

Google angry

While Microsoft enjoys this new victory, Google outcry. The system designer Android is supposed to be free, denounced a "tactic for many times," close to extortion. "Failing to succeed in the market for smartphones, Microsoft relies on legal measures to extract profits from the success of others and may impede the pace of innovation," protested one voice. "We remain focused on the development of new technologies and partner support of Android," he said.

Terminal manufacturers using this operating system are in a very uncomfortable situation. First, Android is very expensive. On the other hand, the surprise takeover of Motorola's mobile division by Google places them under direct threat of seeing the search engine to give priority access to innovations in its new line of mobile phones.

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Delivery today in Seattle, industrial seat Boeing 787 Dreamliner's first B to All Nippon Airways (ANA), the company's launch long-haul next-generation American, is good news for the French aerospace industry. The latter was, for the first time, closely associated with the development of Boeing and has also lived in the pace of industrial failures and flexible program that accuses more than three years behind its original commitments.

Before the Dreamliner, Boeing's cooperation with subcontractors, but former French was limited. "Boeing has opted for the CFM-56 engine, co-developed by GE and Safran, to equip its B 737 and he turned to Dassault Systèmes to draw the B 777," says Yves Galland, president and CEO of Boeing France."The implantation depth of French aviation has made possible and with as Boeing 787 B is increased from 2 to 14 partners meeting in the French Team Boeing. We now work with hundreds of French companies, "says the CEO.

When Boeing launched the program in 2004, he decided to review its parallel in industrial organization by giving up 80% of the unit to major partners. It launches international tenders and the French make a lot. Some drop their first contract with Boeing. This is the case Latécoère that provides long-haul passenger doors of (8 air).

"For the first time a French industrialist involved in the structure of an American plane," said Yves Galland. Once a foot in the door, Latécoère won a second contract to supply the cargo doors of the B 777.For his part, Messier-Bugatti a world first on an airliner: the design of the electric brakes B 787. "After winning the contract, Messier Bugatti was referenced on the B 737 to replace the brakes," said Yves Galland no fax cash advance. For its part, Labinal was selected for the wiring of the unit, or a hundred kilometers to install per machine. A particularly crucial position on the B 787 presented "as the more electric aircraft ever designed."Just as the power conversion system entrusted Thales was also selected for in-flight entertainment and integrated flight displays.

23,000 jobs created in France

A total of ten French companies, among which there are also Zodiac, which will provide 100% of the seats of 55 B 787 ordered by ANA and management systems and waste water and slides, Dassault Systems (Catia) Messier Dowty Michelin and boarded the program which counts 821 orders from 56 airlines.According to several experts, the B 787 alone should generate between 600 and 800 million dollars in sales per year for the French industrial partners.

In total, Boeing 787 and B have shown "significantly more" than $ 4 billion purchase of components and assemblies to the French aerospace industry, 80% are made in France. Of this total, $ 2.8 billion came from direct purchases. The U.S. giant has generated 23,000 jobs in France and half direct. "Boeing buys in France ten times more value than it sells," said Yves Galland noting that Boeing will be exported to France three aircraft this year.

The rise of French subcontractors will not stop there. The "Boeing French team" is growing to meet from 17 to 18 members by 2012.

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The risk of contagion from a crisis of debt grow even further. After Greece, Ireland, Portugal and most recently the United States is now the turn of Italy to see their credit ratings damaged by Standard & Poor's. The rating agency lowered a notch credit ratings long and short term attributed to the third European economy A/A-1 against A + / A-1 + before. S & P also maintains a negative outlook on the evolution of economic activity in Italy. In other words, it does not degrade once the debt rating of the country.

The degradation of S & P is all the more unexpected it had been no warning from the agency, in contrast to Moody's.The latter had announced Friday that it would complete in October, with a month lag, the examination of the Italian credit note for a possible cut, citing a difficult economic environment.

Standard & Poor's, the downgrade of the debt is directly related to the low economic growth and a fragile political situation. In fact, the ruling coalition of Silvio Berlusconi has only a slim majority. Thus, the rating agency believes that the differences in the Parliament will continue to restrict government's ability to respond decisively to a macroeconomic environment inside and outside tricky.In addition, many escapades of prime minister Silvio Berlusconi also helps to weaken the ruling coalition.

The difficulties of the incumbent government to impose measures were illustrated by the recent childbirth painful austerity plan. This program changed multiple times is not convincing and suggests that S & P "will undoubtedly contribute little to boost economic performance of Italy, especially in a context of tighter financial conditions and because of the program fiscal retrenchment of government. " Facing a debt of 1900 billion euros, equivalent to 120% of annual GDP, the Berlusconi government has pushed through last week by parliament an austerity plan providing for 59.8 billion euros in savings with the aim bring the budget back to balance in 2013.

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