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On the wire! After spending almost the entire session in the red, the CAC 40 rallied in the very last lap. At the finish he returned 1.23% to 2856.97 points. But on the whole has lost 4.7%. And since the beginning of the year, he left nearly 25%.

Yesterday the market was still tune in slow motion. The trade volume has exceeded painfully € 2 billion on the great values ​​of the Paris stock exchange payday loans. On this day of "Black Friday" in U.S. markets opened for a half session. This day, like every day after Thanksgiving, sounds the start of the race for Christmas Atlantique.Chasse addition to good affairesAprès six consecutive sessions of sharp declines, few operators present at the Paris Stock Exchange engaged in an intense bargain hunting in financials and cyclicals.

The instant cash loan packs in it so great variety of advantageous features that after knowing about this no one will feel like saying no to it.

France will she run out of stones in 2030? The threat is real lack for material needed to build roads, homes and offices, according to the National Union of Aggregates (UNPG), who sounded the alarm in the spring.

This seems incongruous. With the crisis, sales of aggregates are indeed increased from 431,000 tons three years ago to 365,000 tonnes in 2010. "But over a long period, the annual consumption of the Hexagon is around 400 million tonnes, says Nicolas Vuillier, president of the UNPG. One kilometer of highway requires 30,000 tons of aggregates, construction of a hospital between 20,000 and 40,000 tons. But with environmental constraints, a lot of careers close.Today, there are still 2500, 5000 against fifteen years ago. "

This intensified competition among the three main French actors, groups BTP Vinci and Bouygues (through their subsidiary road, and Eurovia Colas, respectively), followed by building materials giant Lafarge. Eurovia built last year a turnover of 500 million euros, extracting 55 million tonnes of its French quarries.

The pebbles are attracting ever-increasing appetite, because this business can secure the supply of concrete for groups of building materials, and asphalt for road specialists. In addition, their operation is a high margin business. On average, operating income up 20% of their turnover. "Careers require a lot of investment grade Guy Vacher, Chief Operating Officer of Eurovia.

Many station controllers have spontaneously stopped Thursday afternoon to work after the announcement of the aggression of one of their colleagues in a Corail train earlier in the day. Traffic TGV, Corail and TER is still very upset that Friday morning * and should remain "at least the morning," according to the SNCF, which does not give details. It invites customers to delay their trip or take alternate means of transportation. Ticket holders whose train was canceled can do exchange or refund.

Good news however for users Transilien (train network in the Île-de-France), the Thalys and Eurostar.Traffic on these lines should be "near normal" according to SNCF.

Transport Minister, Thierry Mariani, Thursday criticized the work stoppage of workers, finding that it was not "appropriate response" to the extent that he believes "it is not an act delinquency, this is a person who clearly has mental problems. " "This is not stopping the trains that they stop the insane," he said. The President of the SNCF, Guillaume Pepy, is on the same line. "This is a rare occurrence, an attack of such violence.It would serve no purpose to penalize travelers simply because a dangerous madman attacked controllers, "he said in Besançon, where the controller was assaulted in hospital.

No train service on the night of Thursday to Friday

The strike controller led Thursday the cancellation of all trains at night, and created a big mess all over the country. Some passengers were stranded at the station waiting for a hypothetical train.

Board trains at the Gare Saint-Charles in Marseille. Photo credits: GERARD JULIEN / AFP

"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.

The parade is perhaps the signing of new partnerships. Samsung is well to conclude an agreement with Intel to develop another operating system called Tizen.

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After finishing the day in the green yesterday, gaining 1.50% to 2984 points, the CAC 40 tackles the session close to balance, falling symbolically 0.04%% to 2982.86 points on Wednesday, pending an important decision of the U.S. Federal Reserve (Fed). After a two-day meeting, the institution is expected to announce measures to support the U.S. economy. The wait seems high, especially since the day before, the International Monetary Fund has raised the specter of a recession in the world by launching "a strong call to action" at the announcement of its lower growth forecasts for the global economy. This should amount to 4% for both 2011 and for 2012, 0.5 points less than the 4.5% announced in April.However, "given the weakness in economic indicators, it is almost certain that the Fed will do something but it is difficult to know exactly what," noted economists from Capital Economics.

Investors should in all cases be cautious on the Old Continent, especially after the deterioration of the Italian sovereign debt on Tuesday, which must be added the absence of a clear response from the area in the euro area on the Greek crisis. The conference held the day before between the Greek Finance Minister Evangelos Venizelos and the heads of mission of the "troika" of the creditors of the country has still not been completed. Only "good progress has been made," the European Commission ruled in a statement. Yet it must release the next tranche of aid and vital in Athens 8 billion euros.The Greek authorities are pressed by their foreign creditors to accelerate the reduction of budgetary expenditures, while the other side, protesters denounced the daily ravages of austerity.

Brazil could help the euro area

In addition, the Greek daily Kathimerini Athens unveiled Tuesday would consider holding a referendum on the continuation of Greece in the euro area to strengthen its legitimacy in its management of the debt crisis. A bill prior to the referendum would be discussed in the coming days, the newspaper said, quoting unspecified sources.Athens, however, denied such a referendum.

While the BRIC countries (Brazil, Russia, India, China and South Africa) had indicated last week the possibility of supporting the euro area by increasing their holdings of bonds, the President of Brazil, Dilma Rousseff, confirmed this position at Barack Obama on Wednesday at a meeting in New York.

On the macroeconomic front, the United States, home resales for the month of August are expected in 16 hours as the weekly inventory of crude oil at 16.30.

In Britain, the public finance figures for August are expected.

In Italy, the current account balance for the month of July will be published.

In Japan, foreign trade figures for August will also be unveiled.

On the foreign exchange market, the euro remained stable against the dollar Wednesday after Greece has reported "satisfactory progress" with the troika of creditors, but the markets remained nervous awaiting the announcements of the Fed . Around 8 am, the European currency was worth 1.3703 dollars against 1.3702 dollars the night before.

As for oil, it was down Wednesday morning in a market desperate to face the crisis of debt in the euro area, pending a decision by the Fed to promote economic recovery of the largest consumer of crude in the world.In early electronic trading, a barrel of "light sweet crude" for October delivery gave up 53 cents to 86.38 dollars per barrel of Brent North Sea crude for October delivery lost 37 cents to 110.17 dollars.

Values ​​to follow

• Banking

After the degradation of Italian sovereign debt, Societe Generale, Credit Agricole and BNP Paribas, which are exposed, will still be observed.

Attention will also Dexia, which would have allowed for 25 billion euros in loans toxic entities in 5500, according to Liberation.The additional cost of these credits was estimated at 3.9 billion euros at the end of 2009.

• Bouygues

The group filed with the Autorité des marchés financiers (AMF) the prospectus of the takeover of shares of € 1.25 billion announced on August 31, at 30 euros per share.

• Saffron

The aerospace equipment mandated banks Mediobanca and UBS to bid for the Italian manufacturer of aircraft engines Avio, reports the newspaper front page.

• Canal +

The Competition Authority decided Wednesday to withdraw the decision to authorize the merger of satellite packages CanalSat and TPS, completed in 2007, finding that Canal Plus had "failed to comply with a number of commitments" made to avoid misuse its dominant position.Groupe Canal Plus also sees a fine of 30 million euros.

• JCDecaux

According to Les Echos, the group won an exclusive contract advertising on two subway lines in Chongqing in China for a period of 15 years, but did not disclose financial details.

• Le Noble Age

The company announced in a press up all its results in the 1st half (34% to 3.68 million euros for the net) and confirmed the increase in its forecast of EBITDAR margin ( Operating income before depreciation, amortization and rent) at cruising speed greater than 27% by year end.

FNSEA (National Federation of Farmers' Unions) is back in service Tuesday Space in Rennes, the second largest European exhibition of livestock. Beyond the hot topics of the moment, like the crisis in the hog sector, the Central Agricultural eyes on May 2012. It intends to be present in the debate of the presidential election. It prepares a summary document together its proposals for meeting the challenges of French agriculture during the next five years.

This platform will be closed in mid-November. "The French agriculture is a key sector and must be present in the Presidential debate, said Xavier Beulin, a number of FNSEA. We will ask the candidates to express themselves and engage in relation to our proposals. "

Important themes, four stand out.On the top of the stack, that of improving the competitiveness of French agriculture. It has been deteriorating over the past five years. So much so that France, land of all agricultural production has shifted from first to third place behind Germany and the Netherlands in the field of agri-food trade. Fills a gourmet meal while the French end of 2010 was listed as World Heritage Heritage of Unesco, the Hexagon now imports many of its fruits and vegetables, cheaper to produce outside our borders.

To make France more competitive firm, offers FNSEA implementation of VAT "social antidélocalisation." Its goal: to reduce by at least 30% of the hourly cost of agricultural workers to align with that of its European competitors.A key position when you know that 60% of the cost in this sector, employing 200,000 people, from the cost of labor. Such a measure would cost $ 300 to 350 million euros to the state budget.

To finance it, the future tax soft drinks would not be sufficient. "This requires an increase in VAT terms to be defined. In addition this measure would also apply to imported products as opposed to an increase in the CSG, which again would penalize French farms, "says Xavier Beulin.

Second major issue, increased efforts in research and development in agriculture on G20.With, for example, the introduction of new varieties of animal and plant more to meet consumer expectations.

For a new irrigation policy

The third point concerns the inclusion of the entrepreneurial dimension of the French farm, including the creation of new legal status and accounting standards with the possibility of bankruptcy without affecting personal property.

Finally the fourth theme relates to the environment. FNSEA advocates a new irrigation policy to create water reservoirs to store winter and summer re-use rather than let her go to the sea This implies a reduction of administrative .

FNSEA does not give instructions to vote.The responses of presidential candidates will help farmers, who are no longer systematically acquired the right to guide their choice.

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New blow for SocGen. While the second French bank is particularly turbulent stock market since the beginning of the summer, with a share price halved in three months, she has to face new suspicions. After the unfounded rumors about the supposed risks of bankruptcy, after questioning by U.S. authorities in a fraud complaint on subprime, Societe Generale now sees its relationship with the Gaddafi regime scrutinized. The new Libyan authorities are looking into effect on the investment made by the French bank with the Libyan sovereign fund, the Libyan Investment Authority, reports the Wall Street Journal. Some of these funds would have landed in the hands of people close to the government in place, the paper said.Societe Generale would have paid a certain amount to a Panamanian company, Leinad, to help organize and advise an investment of one billion dollars in 2008. If the exact mission of Leinad is not yet clear, its role has at least been criticized by members of the Libyan sovereign fund, before the start of the Libyan revolt, the newspaper said payday lenders.

For now, the bank declined to comment on its relations with the sovereign fund Leinad or Libya, says the Wall Street Journal. Societe Generale, however, said she has "worked occasionally with financial intermediaries in countries where it is not directly present."And these consultants are "fully selected and monitored in accordance with our procedures and ethics with the law and in full transparency with the customer," said the group, some have "acted in full accordance with the laws and regulations the sovereign ".

Throughout the reign of Colonel Gaddafi, it was indeed common for large groups pay foreign intermediaries, advisors and consultants to do business with Libya.

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"All global markets are wondering whether U.S. policy makers are able to compromise and reach agreement on the debt." Here is essentially what Sunday said the secretary general of the White House, Bill Daley. Adding that financial markets are prepared to live very stressful day, Bill Daley has brought into the hands of President Obama and Speaker of the House of Representatives, John Boehner. Both said last night their will to reach agreement by Sunday night (Paris time), a few hours before the opening of Asian markets.

Just relieved on the question of the end of the Greek fire, after the adoption of a new plan Thursday to help Greece, all the concerns of operators should indeed focus on the United States, where elected Democrats and Republicans are still debating on what to do to reduce the U.S. debt. After another weekend of heated discussions, the status quo is always appreciated. Nine days is the time left now to senior U.S. policy makers to tune their violins. If no agreement is reached by Aug. 2 on raising the debt ceiling (about 14,300 billion) as well as budget cuts and additional taxes, the world's largest economy could be in default payment at the beginning of next month. Which would surely induce panic in the stock market.

Fear of a deterioration in the rating of sovereign debt

Even without going to default, the risk of a stock drop on the American question remains possible payday advance lenders. According to the White House, a simple short-term renewal of the debt (to which scenario we are heading according to Republican Senator Tom Coburn) could lead to a deterioration in the sovereign debt rating by U.S. rating agencies. These sanctions are rarely applauded the stock market, especially when they concern the world's largest economy. Waiting to see the Asian markets the first consequences of the new fruitless discussions of the weekend, analysts stress the importance of the issue to investors.

"The markets have liquidated" Friday, they had learned during the day the failure of negotiations between the White House and Republican opponents of a plan to reduce long-term deficits, said David Kotok, chairman of Cumberland Advisors. But now "the markets have had time to digest" and determination displayed by both others to avoid default is reassuring. Still, that nervousness should remain in force next week on the large world. After removal of the threat of the eurozone, the political debates around the indebtedness of Western countries have not yet finished obscure markets.

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The Paris Bourse is expected to remain on the path to higher Friday morning after a nice session already saved up last night having completed 40 leCac an increase of 1.48% to 3892.21 points. The Greek situation reassured the financial world yesterday, as the Greek Parliament finally adopted the unpopular austerity plan, paving the way for the release of a next tranche of aid from the European Union and the Fund IMF. The euro has risen, moving at more than $ 1.45 this morning.

If no statistical significance is expected today, investors will monitor the U.S., where the issue of debt escalates. One report indicates that U.S. lawmakers should agree within three weeks on raising the debt ceiling, or the country will default.Timothy Geithner, the Secretary of the Treasury, would resign.

The figures in the automotive market

The Committee of French Automobile Manufacturers (CCFA) will release figures this morning the car market for the month of June and the first half.

Renault breaks the price of his Renault Twingo, faced with falling sales, will sell for the first time one of his vehicles, the little Twingo at a price lower than the Logan, the model input range of its Romanian subsidiary Dacia, according to La Tribune.

PSA is increasing in India The automaker is expected to invest 620 million euros in building its future manufacturing site in India, according to Les Echos. PSA will implement this facility in the state of Tamil Nadu, south of the country.

EDF EN signs a big contract

EDF.EDF Energies Nouvelles, a subsidiary of French group dedicated to renewable energy, has signed with the Danish Vestas Wind Systems for the use of wind turbines in Europe and the United States. The contract could provide the French operator up to 2000 megawatts over the period 2012-2014. The transaction amount was not disclosed.

LVMH.Philippe Pascal, who led for ten years, watches and jewelry division of LVMH, has been appointed adviser to Bernard Arnault, CEO of the world's number one luxury.

Areva said Thursday that the strategy developed since the creation of nuclear group by Anne Lauvergeon was a "success" and that his replacement did not involve a change of course.

EADS said Thursday the success of the acquisition, through its subsidiary Eurocopter, the Canadian aerospace supplier Vector Aerospace, 98.32% of shares were made to the offer made in late May.

TF1 announced Thursday to be in negotiations to become the sole shareholder of Metro France, the eponymous owner of the free newspaper which claims 2.4 million daily readers.

Carrefour has signed an agreement with Pixmania, the specialist in consumer electronics, to catch up in online sales of non-food.

Bénéteau sailboats world's leading manufacturer, said that sales in the first nine months of fiscal year 2010-2011 and the level of its order book allowed him to confirm its objective of annual turnover of 920 million euros.

BioAlliance announced Friday the launch of a capital increase of EUR 16.6 million to accelerate development of its portfolio of orphan drugs in oncology, particularly Livatag.

The rigor is no longer appropriate for the big bosses of the banking sector. Aid paid by the state and now repaid their business reaping the effects of recovery, there are incentive bonuses, considering the annual reports and press reports, clearly an upward trend for 2010. While many top executives of French banks had waived their bonuses the previous two years, 2010 has signed the back of generous salaries.

In addition to a salary of 1 million euros, up from last year, the head of Societe Generale, Frederic Oudéa, reaching his first bonus since he took office and the Kerviel affair.Bank boss of the highest paid, he will receive a variable remuneration amounting to 598,400 euros paid immediately in cash, plus a paid deferred until 2015 to comply with European Directive CRD3 applicable since 1 January 2011. In total, the variable compensation paid for 2010 could reach up to 3.2 million euros, according to the calculation of Echos.

It's a little more than Baudoin Prot, CEO of BNP Paribas, which in turn will receive a fixed salary unchanged from the previous year, but a sharp rise in bonuses. About 1.67 million awarded in total, 60% will be paid in deferred over two years with conditions. His total compensation could reach 2.47 million euros as well. Last example, the boss of BPCE, former deputy secretary general of the Elysee Perol, who waived his bonus last year easy payday loans.According to AFP, he will receive 1.05 million euros to this title, for a fixed salary unchanged at 550,000 euros.

Variable pay "balanced"

If the amounts received are variable up substantially, however, banks have generally respected the requirements of European directive adopted in 2010. Transposed into French law by the end of last year, it sought to control the compensation of employees of banks that may affect the risks taken by their institution. To get them interested in long-term results, a fraction ranging from 40% to 60% variable compensation should be paid for example over several years, subject to results.

But according to the directive CRD3, this variable compensation should be "balanced" with respect to the fixed remuneration. And that's where the shoe pinches.As said the European Commissioner Michel Barnier to services in the columns of Liberation on Saturday, "behaviors have not changed as much as you want. The banks have not complied with the spirit and letter of our directive. " If French banks do not face good students, British officials are still better off. The new boss of Barclays saw himself awarded a bonus of 23 million pounds.

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