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Second consecutive year of decline for the Nintendo group. The Japanese video game specialist has published annual results on Monday in freefall. Its net profit fell 66.1% to 77.6 billion yen (648 million). Its operating profit tumbled 52% to 171.1 billion yen (1.43 billion euros) in respect of the 2010-2011 year ending 31 March. Figures well below market expectations.

These poor results are explained by the slowdown in sales of the Wii home console blockbuster, but aging of Nintendo. The group has sold just over 15 million in 2010-2011, against 20.1 million the previous year. In addition, the launch of the new handheld 3DS relief was too late to be able to save the year of manufacturer.

The console manufacturer table for 2012 on the results up, but below analysts' forecasts.Nintendo says count on an operating profit of 175 billion yen for the year 2011-2012, against a consensus of 215.8 billion yen. "The market reaction should be bad," said Yusuke Tsunoda, a financial analyst at Tokai Tokyo Securities, quoted by Bloomberg. "Sales of Wii expected to drop as the group probably provides lower prices on the console."

"New Play"

The Japanese video game giant has tried to reassure. He announced the presentation of the successor to the Wii on June 7 at the electronics show in Los Angeles, E3. The group declined to give details, except that it will offer "a new way of playing at home," said CEO Satoru Iwata.

However, information already leaked to the press.Much more powerful than the Wii, it would be equipped with high definition, like its competitors Playstation 3 and Xbox 360. The Japanese group have also developed a new kind of controller, which is akin to a touch pad. One way to compete with smartphones that break into mobile video games. Nintendo's portable console, the DS has seen its sales plummet by 10 million units this year to 17.5 million.

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"Nintendo is preparing to replace the Wii

One morning, Veronique Skalli has been cutting hair in the subway on her way to work at the Hopital Saint-Antoine in Paris. "I got up and I did not like my head, so I decided to make a cut and I was very happy," she says. The living room (so to speak) Beauty Bubble is installed since Christmas in a row RATP at Gare de Lyon, between metro and RER. 80 000 people pass by every day.

Born last year, the chain offers cut or blow dry for 10 euros in ten minutes flat. This new low-cost hairdressing case prices even further as the sector's pioneers. In recent years they have multiplied. The leader, Tchip, aligns more than 400 rooms, followed by Styling & Co (about 200) or Self'Coiff (37). Their packages range on average from 14 to 21 euros.

Beauty Bubble goes further and distinguishes itself from traditional competitors city.To practice his prices low and ensure returns, he bets on volumes, in places with very high attendance. His first six sites have sprung up in stations (Montparnasse), airports (Lyon-Saint Exupery), malls (Part Dieu) and even hypermarkets, Carrefour Planet in Lyon.

The concept was devised by a young business school graduate, Nicolas Langer, 27 years after a first experience in the cosmetics industry with L'Oreal and Coty, supported by his father, a former marketing specialist in the pub and supermarkets one hour payday loan.

"The market of hairdressing is one of those who have slipped the most in terms of price, said Patrick Lang, the father.We offer a quality, quick delivery. Like easyJet, we have removed a number of parameters to focus on the heart of the trade: the cut. "

No shampoo

Beauty Bubble does not shampoo and we ask our customers to come clean hair, which saves about a water supply, space and time bins. In Self'Coiff, you get yourself a blow dry after cutting. No appointments, no wardrobe, coffee or scalp massage. We go to the essentials.

The Beauty Bubble hairdressers are trained in a dry cutting technique imported from Britain. "They make refreshments, but also a complete change of style, some customers tell us they had the same thing for 45 euros usually" welcomes Ouis Lekhtari, one of ten hairdressers Gare de Lyon .In this space without a door or wall, open from 7 am 30-19 am 30, a hundred cups per day are made.

After its promising start, Beauty Bubble goes into high gear and provides fifty openings this year, including in partnership with the RATP, SNCF and Carrefour. The company is also open to membership by offering contractors a fair concept "turnkey" for an initial investment of 25,000 euros and an annual turnover of 150,000 euros per outlet.

Employment in the United States has seen a leap in March. Jobs created were $ 216,000 over the month, after 192,000 in February and 68,000 in January. Economists were divided, but the Labor Department figure exceeds the consensus, which expected a slight decline in job creation, to 190,000. The U.S. economy is "showing signs of real strength," responded the president Barack Obama.

"These are the best figures recorded since May 2010 when the massive recruitment for the census of the population had inflated statistics, notes Jean-Marc Lucas, an economist at BNP Paribas.Despite disappointing figures in January, average monthly job creation reached 159,000 since the beginning of the year, which portends a slight decrease in the number of unemployed. "

The smallest job losses in public administration (14,000 in March after 46 000 in February) have enabled the U.S. economy to show a figure better than the previous month. Job creation alone business, in fact, were slightly less active this month (230,000 against 240,000) low fee payday loans.

The unemployment rate drops to 8.8%

Among the fastest growing sectors are business services (78,000, but 29,000 in contracts for temporary services) and health (37,000). The industry continues to hire (17 000), as well as the mining sector (14 000).

The unemployment rate, calculated on a different basis, for its part, declined to 8.8% against 8.9% in February.The share of long-term unemployed (more than 27 weeks without a job) has continued to increase, to 45.5% in March, against 43.9% in February. "This stability reflects the persistent deflationary pressures from the labor market," Inna Mufteeva analysis, an economist at Natixis. The Fed should not change its policy of monetary expansion.

Job creation in recent months have not yet allowed to catch up the destruction suffered during the crisis. (Source: Société Générale CIB)

Earlier this year, the head of state went to Mayotte in anticipation of the creation of the 101st French department. For the 186,000 inhabitants of the island, the promise became a reality this Thursday, March 31.

If 2010 has prepared the process of departmentalization, Mayotte has a long way to go. The economic and social challenges are enormous. Economic First, because the island is in a difficult situation. The written conditions of the Institut d'émission des overseas (IEDOM, relay Overseas Bank of France), published recently, last year was particularly weak in all sectors (including agriculture, construction, trade). The labor market continued to deteriorate, consumption fell, as imports.In short, Mayotte had a year 2010 "morose" and, apart from a little less poor prospects in tourism, "in 2011 gave no indication of genuine improvement", said the new director of the IEDOM, Nicolas de Seze.

Development Fund

Social challenges then, as the island is facing significant migration flows. The proportion of foreigners, mostly from other islands of the Comoros – who come to find work, join relatives, to qualify for the schooling of their children or for treatment – from 15% in the early 1990s to nearly 41% in 2007, fell within the central bank in a previous study savings account payday advance.The vast majority would be illegal.

The cost of illegal immigration has been estimated in a Senate report from 2008 to 32.4 million euros for national education and 30 million for health services – more than 3.3 million on the fight against this immigration (police, gendarmerie …). Excluding the cost of moonlighting.

New French department, Mayotte "will benefit from development funds relatively large," recalls Will there be IEDOM. Another issue will then arise: "The ability to use knowledge. The real problem is there. We need a real project management for projects, it will take time. "There must then be the private sector take over public investment. Not a small feat in a country where, today, produce is more expensive than importing "…

"Participation is beyond anything we dreamed. It's fantastic. It is the largest event in a generation in London, "enthused the general secretary of Unite union, Len McCluskey. "There is a palpable anger in this country and hundreds of thousands of people came here to say overnight pay day loans. According to police, there would be almost half a million people, "he said.

Protesters across the Waterloo Bridge. Photo credits: Paul Hackett / Reuters

The final agreement on supplementary pensions Arrco (all private sector employees) and Agirc (frames) had been signed by all unions, CGT except in 2009. Certainty, after the last negotiation, yesterday, lasted a dozen hours: the new rules proposed by the employers do not collect the same consensus. The conditions under which they come into force (at least one signature of association and not more than three opponents) are nevertheless likely to be met. In extremis.

CFDT – even if it has refrained from announcing a decision before submitting the text in its internal bodies – proves rather part but would prefer to avoid signing one. She appreciates such as FP, the draft agreement ensures the continuation of the supplemental until late 2018 – the renewals do not exceed two years of habit.In addition, new integrated text yesterday to wipe out a ten billion in savings over twenty years, he proposed a week ago! The deficit-Agirc Arrco accumulated from 2011 to 2030, should reach 117 billion euros without pension reform. With the decline of legal age to 62 years and the full rate at age 67, the "hole" is reduced to 43.6 billion. The application for the proposed project would result yesterday substantially the same result.

Consequently, the reserves will be consumed by 2030. Hence the requirement of most unions to raise contributions. "It was our only prerequisite," said the CFTC, while acknowledging having obtained satisfaction on the part supplements for children. The employers did not want to hear about it, he stood, agreeing just in the final stretch to consider "potential resources" extra … 2015, when accounts very degraded."Laurence Parisot spends his time asking the government not to raise premiums, it can not sign herself up, decrypts a union negotiator. The chamber knows that, once the accounts will not be balanced unless the legal age is raised again in 2018, after the current reform. It is his bet. " A framework was actually the employers' organization that reasoning to hint, a few days ago …

The CFE-CGC unions among the most virulent. The union accuses the executives of employers … CFDT and their "egalitarianism obessionnel" about the alignment of returns between managers and non-managers (see below). CFDT contends that it is not "defend a union or institution" (understood the CFE-CGC and Agirc) "but the employees."She chose to stop for four years, erosion yields.

Unsurprisingly, the CGT will not sign "probably not". "Unfunded commitments, these are promises that will not be required," warned the union, whose leader does not play to his right to object.

The verdict likely Unions

CFDT will sign

FOR: Signature or forbearance

CFTC: Forbearance

CFE-CGC: opposition or abstention

CGT: opposition or abstention

The French will not endure forever rising fuel prices, without changing their consumption habits. According to an Ifop poll published Sunday in the South West, 47% of respondents intend to reduce their consumption now if gasoline prices continue to climb.

Consequence of the soaring price of oil, those fuel have reached record highs last week. A liter of unleaded 95 has sold 1.50 euros on average in the hexagon, and a liter of diesel 1.54 euros, said earlier this week the Directorate General for Energy and Climate (DGEC ). Some stations even offered Paris a liter of unleaded fuel to 1.8 euro.

If consumers incorporate more and more since 2005, the idea of ​​an inexorable rise in fuel prices, 1.5 euro per liter of diesel remains for many a symbolic threshold beyond which they consume as much. Only 15% of respondents put this threshold at a level greater than 1.5 euro per liter, said the survey. Jean-Louis Schilansky, president of the French Union of Petroleum Industries (Ufip), makes the same observation. He recalled that in 2008 when fuel prices had also risen sharply, the consomamation was down 3% once this threshold is crossed guaranteed fast personal loans.

Not lower taxes

The decision to reduce its consumption or not, however, depends partly on the level of life. 40% of workers have thus been limited.In contrast, managers and professionals are more likely (14%) than average (11%) said they will not alter their habits, whatever the price of a liter. For many, the level of fuel consumption is also strongly constrained by the lifestyle.

Faced with soaring prices, the government this week but ruled out any cut in gasoline taxes could reduce the transport budget of the French. "You can take steps this guy at a time when we must take into public finances," ruled the Economy Minister Christine Lagarde. It was therefore confined to advise the French to buy the morning and follow rules of conduct to reduce, even at the margin, the price at the pump.

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"Historical Record gasoline prices

"The fuel consumption begins to decline

The markets decide on Thursday to follow the trend on Wall Street yesterday or the Asian markets this morning. Disturbed yesterday by a further rise in oil prices, the Paris Bourse tries the rebound: the CAC 40 gained 0.54% to 4057.91 points.

The DAX index of the Frankfurt Stock Exchange following the same path with an increase of 0.61% to 7225.23 points. Just as the London Stock Exchange takes 0.34% to 5935.11 points.

However, investors should be wary. The barrel was still an upward trend on Thursday in electronic trading in Asia with a barrel of light sweet crude for April delivery at 102.47 dollars a barrel of Brent North Sea to 116.70 dollars. The situation in Libya, which explains the spike in oil shows no sign of improvement.Worse, the country's leader, Muammar Gaddafi, said yesterday in a speech delivered on television, there would be "thousands of deaths" in case of foreign military intervention in his country.

In Europe, attention will focus on the ECB meeting, which will decide on interest rates from 13.45. A hardening of tone is expected this Thursday, but not to the point of a rate hike is imminent. Inflation reached 2.4% in February in the eurozone, a figure higher than the target of 2% of the European Central Bank, growth was also up, despite the debt crisis, to 1.6% in 2011, according to Brussels.

As for currencies, the euro remains under pressure, but stable against the greenback to 1.3864 dollars in morning trading.Stack on a very important technical resistance

Battery Statistics

In this context, markets will try to focus on the series of macroeconomic statistics to be published Thursday. In France, the unemployment rate fell slightly in the fourth quarter of 2010 to 9.2% of the workforce in France and 9.6% including overseas departments, a decrease of 0.1 points per quarter previous INSEE announced Thursday.

For the euro area, the news will also be very rich at 11 am with the area GDP in the fourth quarter and retail sales in January.

The day will also be busy with the U.S. productivity in the fourth quarter and weekly jobless claims (1430) and the ISM Services February (16 hours).Attention should also dominate the market before the publication of the traditional monthly report on U.S. employment on Friday.

Values to follow

Alcatel-Lucent (5.56% to 3.80 euros) is supported by the recovery of target price of Barclays. The sign as the largest increase of the SBF 120 in early trade.

Renault: 0.39% to 42.91 euros

The manufacturer does not manipulation in the case of alleged espionage whose company reported but awaits the return of investigations into the existence of bank accounts abroad to decide.

Total: +0.36% at 43.51 euros

The petroleum announced Wednesday it will pay $ 4 billion (2.9 billion euros) to take a 12% stake in Russian gas producer Novatek.

In addition, the group will soon stop operating Mabrouk field, whose production capacity is between 40,000 and 50,000 barrels per day. Muammar Gaddafi confirms that oil production in his country was "at the bottom."

Alstom: 0.43% to 41.62 euros

The group announced Wednesday the signing of an agreement for its participation in the development of a technology center in SKOLKOVO Russia.

Unibail Rodamco: +0.03% to 145.35 euros

Europe's leading retail real estate announced Wednesday it had acquired from Eurohypo AG a stake of 7.25% in SFL (FSH) for 106.5 million euros.

France Telecom: 0.63% to 15.77 euros Iliad: 4.66% to 84.60 euros

Free and Orange signed a roaming agreement 2G to 3G expanded. The announcement had been evoked by the daily newspaper Les Echos on Thursday.

Air France-KLM: 0.98% to 11.81 euros

The company plans to reorganize in order to make acquisitions, "said La Tribune.

GDF Suez revises goals upward

GDF Suez: -0.64% to 28.03 euros

The band recorded in 2010 net income group share of EUR 4.616 billion (+3.1%), especially through its activities in France, and has revised upwards its targets for 2011 due to taking control of Britain's International Power.

Carrefour: -0.28% to 33.51 euros

The French distribution giant has recorded exceptional costs in 2010 of 1.13 billion euros, which have weighed on operating profit.The group, which announced Thursday a net operating profit up 9%, according to its own forecasts made in January, said an anticipated earnings growth in 2011.

Manitou: -3.31% to 23.98 euros

The group was cautious about the recovery in margins in 2011 after having returned to growth in its turnover last year thanks to a rebound in orders.

Club Méditerranée: 3.25% to 17.45 euros

The group announced Thursday a turnover in the first quarter of fiscal shifted 2010/2011 (1 November-31 January) up 14.6% to 337 million euros and bookings for the summer "growing two numbers. "

Always on the side of publications, after market, we will follow the annual results of Areva and results for the fourth quarter of Bio Alliance.

"The year 2010 was more than a transition year, 2011 should be a significant step for Safran," says Jean-Paul Herteman, CEO of the aerospace and defense supplier, said in a statement.

A step that should enable it to achieve an operating margin in 2012 over 10% of sales – Rudder for 2010 shows a margin of 8.2% – and to reproduce the same 20% increase in operating profit recorded in 2010. And, thanks to a "strong recovery" of its activity and continued cost reduction.

The equipment manufacturer specializing in aerospace, defense and security is also expected for 2011 growth of at least 5% of its turnover, mainly driven by an increase of 10 to 15% of services in civil aviation and through its development in security.

Saffron Partners with Chinese

Safran plans to finalize the acquisition in 2011 of SNPE Energetic Materials to create a unified entity in the field of solid propulsion and that of the U personal loan for poor credit.S. L-1 Identity Solutions in the field of biometrics. The group chaired by Jean-Paul Herteman will even create a joint venture in the aircraft wiring with Chinese COMAC to prepare for the future Chinese aircraft C919. Labinal, a subsidiary of Safran hold 49% and Shanghai Aircraft Manufacturing, a subsidiary of COMAC, 51%.

In 2010, profit from recurring operations rose 20% to 878 million euros, for a margin up to 8.2% (against 7% in 2009), with four activities: aerospace propulsion, aircraft equipment, defense and security.

Turnover rose modestly by 3% to 10.760 billion euros.Organic, it fell 1%, "primarily due to the planned completion of a major identification in Cote d'Ivoire".

The current situation is unfortunate: when an attacker is unlikely to be identified, most victims complain, but stick there. Without a moment to imagine enjoying any financial support.

Timely remedies available …

To redo official papers and keys has a cost that can be supported by insurance "means of payment, usually sold by banks. The most generous contracts will cover up the cash to the extent that they were withdrawn within 48 hours preceding the assault, or theft of a mobile phone and fraudulent communications that go with it. Be careful though if you read the contract, some assurance of mobile phones are indeed sometimes disappointing.

However, nothing to hope for other stolen property and value: purse, scarf, etc..Unless you have a comprehensive home particularly strong on this point, the robberies are never compensated.

People with low incomes (less than 16,716 euros per year for 2011, excluding increases for dependents) may however receive aid from 4179 up to EUR (for 2011) allowing them to redeem the stolen items. They need to understand that the CIVI (Commission on Compensation for victims of crimes, with the high court of their home. More information http://www.justice.gouv.fr/recherche-juridictions/ ).

Some individual policies are operational

Bruises or emotional shock found by a work stoppage, may also give rise to compensation. As before, we must seize the CIVI, and compensation if there is, it is also reserved for persons with limited resources.The supporting documents to gather as many, you'd better take this step with an attorney (if benefiting from legal aid) or insurer for legal protection if necessary.

Another avenue: that of GAV (Guaranteed Accident Insurance), individual contract, whose interest is to evaluate and compensate the individual cases, the accidents of everyday life, including assaults, particularly in the absence of third party responsible and identified. Provided that this guarantee is very efficient, that is to say, it plays for 1% of disability (in the case of the best contracts), which corresponds to a stiffness of the hand or the shoulder for example. Finally, you can turn to a single accident, subject again, that security is not confined only to severe disability.