Research in Motion (RIM) launched Operation Last Chance. The Canadian group yesterday presented a prototype of the interface it wants to develop its next smartphone called BlackBerry 10, scheduled for the end of the year. Great break with previous phones brand, there will be more keyboard, the main element that differentiated the BlackBerry of its major rivals.

RIM programmers gathered in Orlando, Florida for its annual meeting and gave them the prototype of its operating system so that they begin to develop compatible applications. A specific series of video games is also being prepared by the publisher Gameloft.

The group, which saw sales of its BlackBerry decline from 25% last quarter, hopes its new interface will help him return to the market to compete with the leaders, Apple – former direct rival of RIM today ahead – and Samsung phones side, and operating systems, Apple and Google holding 80% market share.

The new RIM will also be used by the tablet group, Playbook, whose sales have failed to take off since its launch. Models include the keyboard will continue, also, to be produced.

The announcement of the Canadian group has in any case, not to enthusiastic markets. The action of RIM fell 5% on Tuesday afternoon in Toronto.

ALSO READ:

"The coup de blues of former stars of mobile

"The downward spiral continues for BlackBerry

Experts have not yet returned their verdict about the seriousness of the situation on the gas platform of Total in the North Sea. But analysts have already whipped out their calculators and trying to measure the cost of the incident for Total and stakeholders. The range of estimates is very wide: it extends to the French oil group, 150 million dollars (113 million) to $ 10 billion (7.5 billion euros) in case of explosion of the platform.

In all cases, it appears that the bill implied $ 16 billion (12 billion euros), deduced from the fall of Total shares on the stock market, is largely overestimated, says Societe Generale. "A loss of over $ 7 billion (5.3 billion euros) for Total (which holds 46.2% of the platform) seems particularly severe," wrote analyst Societe Generale. The impact on production will remain relatively moderate and the final cost in a worst case scenario hardly exceed the amount implied by the Exchange.

150 to 200,000,000 dollars

To try to guess what the final bill of the incident, calculate how much is the cessation of production from the platform evacuated Sunday at midday. According to CM-CIC Securities, the daily loss would rise between 10 and 15 million. "For Total, one can estimate a minimum cost of 150 to 200 million dollars in the best case (limited to two weeks off) or even more if the situation were to persist for several months' advance CM-CIC Securities. The shutdown could last from six months to a year, according to various analysts. An official of Total recognized that blockage could last up to six months.

$ 10 billion in case of explosion

The bill also depends on the solution proposed to solve the crisis. Exane BNP Paribas, estimated that operators of the platform may have to dig two relief wells, each costing about $ 44 million (33 million) direct payday lenders. Remains a possible explosion on the platform would jump costs for operators. The bill could reach 7.5 billion according to analysts at BofA Merrill Lynch. This amount includes the loss of deposits and the platform (about 2.8 billion euros) and nearly $ 1.5 billion to clean up environmental damage, but excludes any fines.

Analysts agree on one point: this incident, which involves gas and not oil, will not scale environmental or financial cost of the oil spill in the Gulf of Mexico in April 2010. The operator of the platform involved in this disaster, the oil BP, had to set aside $ 37.2 billion (24 billion euros).

Between 100 and 200 million pounds less for Crown

Stopping exploitation of the Elgin platform in the North Sea could also have an impact on … tax revenues of His Majestys. "If the site remains closed door for six months, this could result in a revenue loss of between 100 and 200 million pounds (119 and 238.4 million euros)," David has calculated Tinsley, an economist at BNP Paribas . This amount, compared to 43 billion pounds collected by the British state in 2011, does not include any costs of cleanup. The invoice is not limited to the tax shortfall. British production, already amorphous, could also be slowed, says the analyst, who concluded that the country's growth could even be reduced by 0.05% in the second quarter.

ALSO READ:

"Total: explosion always possible

"Total victim of a gas leak in the North Sea

"Deepwater Horizon BP settles a portion of the bill

Gone is the political consensus that prevailed in France last year about the need to save Greece. Tuesday, the Socialist deputies abstained on two bills used to be validated by France on European Stability Mechanism (SPM). And Socialist senators will do the same next week. With 500 billion euros, MES must nevertheless serve from July, firewall Standing against the sovereign debt crisis in the euro area.

Socialists do not disagree that the SS as the budgetary stability pact European carrier with greater discipline on public accounts. And they consider that the MES and form a pact. This treaty "as it stands today does not provide strong commitment to growth," said Tuesday, Jean-Marc Ayrault, president of the PS group in the Assembly. A position in line with that of Francois Hollande, who wants to renegotiate the December European, to add a section on growth.

Heavier debt

"The refusal of the Socialists to vote MES is a serious fault which shows their bigotry," retorted Tuesday, Francois Fillon before the UMP group. Anyway, the MES should be approved by France, the Assembly, dominated by the UMP, having the last word on a left-wing majority in the Senate.

The MES is the latest tools devised to solve the debt crisis. It will function as the EFSF (European Financial Stability Fund), it will eventually replace: it will borrow in the markets and then help the troubled country. These are the European countries which will mean the MES in equity, to 80 billion euros. France will contribute 16.3 billion by 2017, including 6.5 billion this year. This will weigh down all our debt, which has already reached 1.7 trillion. And this bill is not isolated.

As part of the first aid to Greece decided in spring 2010, France has already lent directly to the country 11.3 billion on a commitment of 16.8 billion euros. Public debt has been weighed down by 11.3 billion.

France will contribute more importantly, valued at 23.4 billion euros, the second Greek rescue plan which should amount to 107 billion euros for euro area Member States. The hex will help the European Financial Stability Fund, which lends to States in difficulties with the guarantee of the Member States. Its borrowings weigh down the public debt. Because of all the commitments of EFSF on Portugal, Ireland and Greece, the French public debt should be weighed down by 38.5 billion. So that the total bill for France's aid to European countries in difficulty should go well beyond 50 billion!

ALSO READ:

"Greece: Europe is finalizing a plan to more than 350 billion

BNP Paribas has limited the damage last year. Despite the crisis of the euro, which hit the banking sector especially during the second half of the year, the French group reached 6 billion euros in profit in 2011, down only 22.9%. It's better than expected by the market.

This figure covers two very contrasting. On the one hand, the retail place performance. Over the full year, this activity reached 5.9 billion euros'' profit before tax, of which nearly $ 2 billion in France (12%). the fourth quarter alone. Networks alone will clear almost all of the taxable profit of the group: 1.2 billion on 1.3 billion.

On the other hand, the sovereign debt crisis weighed heavily on the bank. A pressure that is exerted on the first banking business and investment banking. The division will have realized that 6 million profit last quarter, although this remains more than adequate compared to the losses recorded by many major European banks that have already published their accounts.

Especially, BNP Paribas will found in 2011 more than 4 billion euros in losses on its portfolio of European government debt: $ 3.2 billion on Greece, whose value was reduced by 75% in the perspective plan restructuring being finalized at the European level, plus 872 million of realized losses on the sale of government securities. Since the summer, BNP Paribas has significantly reduced its exposure to sovereign debt. She also collected 148 million of losses on loans it has sold to lighten its balance sheet.

With 6 billion profit in 2011, BNP Paribas is expected to maintain its lead over its competitors. Credit Agricole SA announced in December that he would complete the year in the red after a cleaning operation of its balance sheets. Societe Generale – which will publish its Thursday tomorrow – has warned it would not distribute any dividend.

In this regard, BNP Paribas says it will affect a quarter of its distributable income to the payment of a dividend payable in cash or shares. The bank says in effect have already exceeded the target of 9% capital adequacy set by the authorities in the whole industry in Europe.

ALSO READ:

"Banks soldent invoice Greek

"Banks: the austerity measures did not result in large market

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.

Moody's, however, shows more severe than its competitors. She attributed to Spain's fifth best mark where Standard and Poor's and Fitch gives it their fourth best. Moody's and depriving the country of the issuer status for high-quality issuers to the rank swallow solids but may be affected by changes in economic conditions. Like its competitors, the rating indicates the rating of Spain could again be lowered to medium term faxless payday advance.

To justify its decision, the agency said that "Spain continues to be vulnerable to market pressures" that economic growth should reach only 1% at best in 2012 (and not 1.8% as the Moody's previously thought), and that it "will make it more difficult to achieve the ambitious budgetary targets" of the country. Moody's also kept a "negative outlook" rating on the Spanish because of the "risk posed to the country for worsening of the crisis in the euro area."

ALSO READ:

"Spain is in the focus of agencies

"Fear of recession the country will fare

Since this summer, the world leader in soft drinks, combined with specialist Italian Illy coffee, launched its cans of coffee at Daily Monop 'and Monop' (Monoprix). Illy issimo named this new drink is declined "caffe" and "cappuccino". "This drink is not far from the tastes of the French, it's just a new way to drink coffee as was the case some years ago with the iced tea in cans," said Ilaria Presotto, marketing director of Ilko, the joint venture created in 2007 by Coca-Cola and Illy.

With this coffee "ready to drink," Coca-Cola wants to meet new consumer needs.He hopes to reach young and urban assets, on the road, often of tiredness during the day. "This is a premium drink that matches the new lifestyles, says Ilaria Presotto. This is a niche category that did not exist in the French market, so we need to educate consumers and encourage impulse buying. "Suddenly, the price of Illy issimo (2.20 -3 euros) is aligned with RedBull, alongside which he finds himself in the rays in the absence of competitor.

As with VitaminWater, the world leader in soft drinks has chosen a selective distribution. He wants to know Illy issimo by word-of-mouth.He focused primarily on fresh produce stores so that its drinks are lost on the shelf.

Starbucks and PepsiCo in ambush

These cans of coffee, which are now available in 400 outlets in France, were first sold exclusively at Colette, La Grande Grocery of Paris (Le Bon Marché) in several luxury hotels in the capital as the Hotel George V and the Côte d'Azur. "With these first months of launch, we will expand our offering next year and increase the distribution of our products to major retailers, says Ilaria Presotto, currently in talks with Carrefour. We hope to at least double our sales in France in 2012. "In the Hexagon, Illy issimo – which is produced in Denmark – is sold by the sales of Illy. In Barcelona and London where Illy issimo was launched along with Paris, the distribution strategy was the same.In the British capital, the drink is sold in stores in the chain Waitrose premium, in addition to sandwiches. It is also found in company canteens as Disney or head of the Daily Telegraph.

In Europe, Illy and Coca-Cola inspired by the success of Illy issimo Japan and the United States, where the drink was launched two years ago. In Japan, the first market issimo Illy, the coffee is sold in cans hot or cold in the millions of vending machines in the country. The country accounts for 70% of world consumption of coffee "ready to drink." A market of 17 billion dollars which increased by 5% in five years. In the U.S., too, is a high potential market. From year to year, sales have doubled in the country. But Coca-Cola is facing a strong competitor, Starbucks Coffee, combined with another heavyweight soft drinks, PepsiCo.After the United States, China, Britain or Germany, their coffee "ready to drink" Frappuccino will land next year in France.

ALSO READ:

"Tax on soft drinks: Coca-Cola in anger against France

"Coca-Cola launches non-alcoholic beer in France

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.

Very hesitant, the indices increased to rise at the very end of the session after the Financial Times announced that Italy has asked China to perform major purchases of its sovereign debt. Senior Italian officials told the FT that Lou Jiwei, the chairman of China Investment Corp (CIC), was the head of a delegation that went to Rome last week to meet with Finance Minister Giulio Tremonti and as responsible for the Cassa Dspositi e Prestiti.

In addition, investors seemed anxious not to pass down the technical threshold of 1140 points on the S & P 500 (he flirted with during the day)."If we can not maintain this level, the next support is around 1120 points," said Marc Pado, an analyst at Cantor Fitzgerald.

U.S. operators, such as Europe and Asia, however, remain very concerned about Greece. They fear it will not be able to meet these budget commitments, which threaten to bankrupt the country and aggravate the crisis in Europe. The German Minister of Economy Philipp Rösler has also not ruled out a bankruptcy ordered Greece to save the euro.

These uncertainties have weighed heavily on European banking stocks, weighed down by their exposure to sovereign debt but also by fears about their solvency and funding.

Busy schedule for

United States, Barack Obama will submit to Congress today plan to revive the economy and employment announced Thursday.The president renewed his call "to Congress to adopt this bill, which contains the kind of proposals to grow the economy and create jobs."

Week is low in business results – the retailer Best Buy and diverse manufacturing Pall is the only component of the S & P 500 to publish figures – investors will focus primarily on a series of macroeconomic indicators.The latter include retail sales, the producer prices and consumption as well as statistics on the manufacturing sector.

Note, however, leading indicators of the Organization for Economic Cooperation and Development (OECD) published this morning, reporting a "slowdown" of the world's major economies.

Oil climbs the slope

In the wake of renewed tensions, the euro remained sharply lower against the greenback Monday, falling below $ 1.35 even briefly, due to another bout of market panic response to the crisis in Europe. End of the session in Paris, the single European currency was worth 1.3645 dollars against 1.3649 dollars on Friday night. Earlier, the euro fell to 1.3495 dollars, its lowest level since Feb. 16. The euro also fell to its lowest level in a decade against the yen. The euro bought 104.64 yen against 105.91 yen Friday.In the early morning, the euro fell to 103.90 yen, its lowest level since June 2001.

Oil prices have them finished up in New York Monday, bouncing after suffered early in the day of the depressed European stock markets. On the New York Mercantile Exchange, a barrel of "light sweet crude" for October delivery ended at 88.19 dollars, up 95 cents from Friday. "All the elements seemed to fall together in oil prices. I do not know why they are up now. I talked to brokers in the trading room, everyone is scratching their heads, "said Rich Ilczyszyn, broker at MF Global. As equity markets, it evokes a technical reason "because of coverage positions."

Broadcom target NetLogic

The side of values, Bank of America (0.86% to 7.04 dollars) on Monday announced it would cut about 30,000 jobs "in the coming years", or just over 10% of its workforce, in As part of the first phase of a major restructuring.

The chip maker Broadcom (-1.11% to 33.07 dollars) plans to buy NetLogic Microsystems (50.80% to 48.01 dollars) to $ 3.7 billion (2.7 billion euros) to develop its line of chips for wireless networks. The announcement helped to bring the technology sector.

The French group Technip Engineering said Monday the acquisition of the entire capital of the U.S. Global Industries (51.07% to 7.78 dollars), a specialist oil services submarines, based on a valuation of $ 1.07 billion (770 million).Technip will pay $ 8 cash per share, Global Industries, a premium of 55% over the closing price of its prey Friday night on Wall Street.

For its part, the online retailer Amazon (2.45% to 216.56 dollars) would be in discussions with publishers to launch a book rental service digital subscription, said Sunday the Wall Street Journal in its edition line.

After the unexpected departure of the patron saint of Internet giant Yahoo!, Carol Bartz, rumors of a union between Yahoo! (-1.48% To 14.27 million) and AOL (0.14% to 14.74 dollars) have resurfaced. The CEO of the Internet service provider America, Tim Armstrong, have consulted with investment companies to test investor appetite for a reconciliation between the two groups advance Bloomberg.Tim Armstrong become the leader of the group.

For his part, Hertz Global (-1.73% to 9.66 dollars) has extended the date of its offer for Dollar Thrifty (0.05% to 64.92 euros) Automotive Group (DTG) until November 1 .

Wynn Resorts (2.19% to 151.68 dollars) through its subsidiary, Wynn Macau has announced the acquisition of land over 20 hectares to the government of Macau for approximately $ 193 million. The plot, located on the Cotai area, should allow the development of a resort and recreation.

Within a year, Apple has gained almost a point of market share. In parallel, the number two market, the platform Zune Video Marketplace Microsoft lost 2.3 points to 16.2% market share. The disappointment is huge for Sony, whose PlayStation Store will not pick up more than 4.4% of revenues from online video, against 8.2% market share in the first half of 2010.

Only Wal-Mart, with its platform Vudu and Amazon have increased over the period.They control 5.3% (+4.3 points) and 4.2% (0.2) of the market. Both players have recently muscled their offerings in the online video, is launching a range of streaming, or by signing new agreements with Hollywood studios.

"The expansion of the market share of iTunes is a remarkable result in view of increased competition from aggressive rivals some" notes Arash Amel, senior researcher in charge of digital media at IHS. The Apple platform was driven by the growth of the park iPad, special offers on movies and the ability to stream movies from a wireless terminal on a screen Apple TV, IHS analysis.

ALSO READ:

"Apple, a sacred number of mobile computing

"The VOD between a rock and a hard place

"Google wants to get into VOD