International News

The U.S. computer group Hewlett-Packard announced Friday that it was revising downward its first quarter results because of the legal costs of its subsidiary Electronic Data Systems (EDS).

The judicial authorities have in fact ordered DHS to pay 300 million euros – in all – group British Sky Broadcasting and British Sky suscribers Services (BSkyB), which had continued since 2000 to a dispute concerning a development project to system update management (CRM customer relationship) second by the first …went wrong.

After delays and budget overruns (48 million pounds sterling at the base), BSkyB had then resolved to complete the project alone.

On 1 March, in addition to a sentence of 230 million euros imposed in January, HP has been added to interim payment of 77 million euros.

96 to 93 cents per share

Thus, net income amounted to 2.25 billion dollars instead of 2.32 billion announced in February. The world of computers was then revised upwards its estimates of revenues and earnings for fiscal 2010 lagged cash advance .Net earnings per share is reduced to 93 cents, against 96 cents previously.

Last November, Hewlett-Packard unveiled a decline in net income of 8% annually to 7.7 billion, although the last quarter it was up 14% yoy to 2.4 billion dollars. At this time, Dell has introduced quarterly profit falls by 54% and a revenue and earnings per share below expectations.

In May 2008, HP had offered the number two global services company EDS for $ 13.9 billion.

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End of story. For several weeks, negotiations between the seven countries A400M customers and executives of EADS, parent company of Airbus, have punctuated the news. At yet another meeting, in Berlin, a "tentative agreement" was reached, provided the giant European aerospace in a statement.

Customers (Belgium, Britain, France, Germany, Luxembourg, Spain and Turkey) will pay 3.5 billion euros extra. What survival program, which accumulates nearly four years late and reaped 5.2 billion euros of additional costs.

Specifically, they shall have two billion more on the initial price of the contract and provide $ 1.5 billion in exchange for a share of future exports, according to EADS.The original contract must be amended in the "coming weeks".

In addition, it was agreed to accelerate payment of PDP between 2010 and 2014, but no timetable has yet been arrested.

The time for congratulations

EADS considers that this agreement provides a basis "healthy" for a successful evolution of the A400 program M.

The French Minister of Defense Hervé Morin was commended for his share "of the finalization of the negotiations. "This agreement completes the implementation of decisions taken by ministers at the meeting organized at the initiative of France in Le Castellet July 24, 2009, during which the nations have decided to continue this program emblematic of Europe defense, "he said.

In January, EADS said it planned to simply abandon the program, saying while threatening the sustainability of the group.

The Minister then assured that France would "do anything to save" the project. A few days before, the multipurpose aircraft designed to replace the Transall C-160, for example, 45.1 meters long and 14.7 meters high, can Tranporter troops and equipment, had made its third flight.

Profit warning

This agreement is obviously good news. But EADS will pay the piper in recent months. The group was informed on Friday that it will record an operating profit (EBIT) and net earnings were negative in 2009.In case the provision of 1.8 billion euros for the additional costs of A400 million, he announced today in a statement.

"The final figures will be disclosed during the announcement of full results of fiscal 2009 EADS March 9, 2010.

CM-CIC, which was released yesterday, Thursday, a "preview" (a score prediction results), banking on a net income of 60 million euros, while the Bloomberg consensus provided 21 million euros. But these figures do not include the provision because it was not known.

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The latest figures of U.S. employment for the month of January seem paradoxical. The unemployment rate fell to 9.7%, against 10% in December. Better than expected. But most companies have dismissed that hiring, the net destruction of reaching the 20,000 jobs over the month. Analysts had expected between 5,000 and 15,000 new jobs.

These two contradictory figures in fact derived from two studies of the U.S. Department of Labor, based on two different methods.The difference in trend indicates that employees are more numerous in January than in December, but they are less likely to occupy several positions simultaneously.

"If unemployment remains a serious problem, today's figures contain some encouraging signs for a resumption of gradual labor market," said the White House.

The U.S. administration has estimated that the employment situation has therefore remained "almost unchanged". In detail, the building was destroyed 75 payday loans for bad credit .000 Jobs, while industry and services have created respectively 11,000 and 48,000 positions.

Economists agree, though, that unemployment has peaked."The pace of job losses still slows significantly and the return of job creation in services and industry is good news," said John Thomas, for example, economist at Natixis.

The strong upward revisions in the number of job destruction in 2009, however, may worry. The December figure was revised sharply upward from 75% to 150,000 against 85,000 initially. At 12 months, are shedding 600,000 jobs that were added following the revisions of the statistics. This is does not affect the positive trend, according to Inna Mufteeva, economist at Natixis' share is only a point of reversal highest previously believed.

There are just a year he had won the grand prize of BFM manager and made the headlines in the magazines, which presented him as a guru technologist and strategist warned telecom. With only two known passion, except tech gadgets. His wife, Gilberte, banker at HSBC, and the trees of his house in Sologne. Alas, this image has eroded since the summer, while a series of suicides has plunged the group.

Hue on some sites, a company that has yet veneration of the leader, Didier Lombard, in his wheedling air and round cheerful, is affected. The mathematicians more comfortable in the labs among engineers that under the camera, commits some awkwardness of language that mark the spirit but do not reflect his thinking. Like when he talks of "fashion" about suicide.

The runaway media, which has a genius visionary, is suddenly switch to a boss with autism.A shift that shows how it is excessive as it is radical.

For Didier Lombard is fully committed to "home" and its employees, where he began his career as a young Polytechnique, before joining the Directorate General of Industry at Bercy. There he will manage all major industrial issues, Bull Thomson. It will keep the obsession with the voice of France and Europe in the "global digital village," between the American omnipotence and new ambitions Chinese Business Card Holders .

Capacity in countries emerging

When it comes to the head of France Telecom in 2005, replacing Thierry Breton became Minister of Economy, the company is just the head. Crushed by debt, it almost went bankrupt.Didier Lombard accelerates plan "TOP" drastic cost reductions initiated by Thierry Breton, and continues the transformation of enterprise fixed mobile integrated operator with its plan Next. A transformation vital to the survival of the group plunged into the competition, but that is no longer welcome by some of the employees in historical France. At the international France Telecom is strengthening in the emerging countries, but also in Switzerland and Great Britain, even if the marriage with the Nordic TeliaSonera fails.

In taking over, Stéphane Richard will give a flat part of this strategy.Starting probably content, even if their weight in the group activity is inversely proportional to the media buzz they generate.

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A rock concert without a little moss, is like "a guitar without the strings" in the words of Didier Wampas. "Beer is part of the concert!" Confirms Franck Le Bihan, head of debit, the company that supplies drinking the Zenith in Paris. In good years, that is to say those who have many dates of foreign rock bands or hard and metal, he sold 70,000 liters of beer and worse (when the French variety is the poster) 40,000 liters. "This is hard rock that consumes the most," says he, even if the reggae concerts Appliances are not left behind. Thus in 2009, Motörhead concert which brought together 3000 spectators, it is 3000 liters of beer are gone, one liter per person! Some shows, however, reserve some surprises to the landlord of the premises."To Vanessa Paradis, spectators often come in pairs, drank lots of champagne," says he. However, at 8 euros cutting cons 4 euros the 33 cl beer, has quickly made. But beware, even if an artist sells a lot more drinking than another, it affects not percentage. The drink is for the room.

Unlike the Zénith, the Palais Omnisport de Paris Bercy (POPB) does not go through a dealer, is the room that takes care of the bar to which it employs, as the night between 40 and 70 people. Again, these are the concerts or hard metal that consume the most. Thus, for two performances of AC-DC (17,000 spectators each time), fans of Angus Young have drunk more than half a liter per person …cons under 25 for Bénabar cl.

The sale of alcohol is so important for rooms that Zenith is a 10% discount on the amount of rent if the artist makes an intermission … It must be said that at the Zenith in Paris, the bar is not less than 20% of annual turnover! In POPB is 10% "only" because of the large number of sporting events for which it is forbidden to sell alcohol. "I often say, if one takes away the bar, the ticket prices will increase by 20%!" Says Daniel Colling director of Zenith in Paris. Certainly, it is the artist who set the ticket prices and not the room, but if it earns more money from the bar, it will increase the rent and the amount of seats will be increased.Therefore Pascal Negro, CEO of Universal Music France sums up the situation thus: "the lemonade is the future of music-hall!".

Minor awards of the bar at the Zenith in Paris

For the 2008-2009 season, viewers spent an average per person:

2.34 EUR Bénabar (variety)

4.04 euros for Trust (French hard rock)

6.97 euros for Alpha Blondy (reggae)

7.06 euros for Prodigy (electro)

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The carbon tax is passed to the door Tuesday censured by the Constitutional Council. The government promised to submit within three weeks, a new mechanism. Anyway, the series of texts budget voted in recent weeks Finance Act 2010, Act funding Social Security, supplementary budget for 2009 includes several other measures affecting the taxation of households this year. Here are the key.

• Ceiling overall tax loopholes

For income received in 2010, a taxpayer may not reduce their income tax using the tax loopholes (working from home, child care, grants to associations, Scellier …) beyond an amount equal 20 000 plus 8% of its taxable income. Introduced in late 2008, the overall ceiling was far more generous, to 25 000 plus 10% of income.Taxpayers who use the niches Dom-Tom, Scellier, or devices for tourist homes have a respite: they have signed an investment commitment before December 31, 2009, they escaped the drop in overall ceiling .

• Act Scellier

The reduction of income tax, taxpayers enjoyed buying a new home for rent under certain conditions, remains at the same level as in 2009 – representing 25% of the purchase price – for homes purchased in 2010 that they meet or not the standard "building low-power" (BBC). The "greening" starts from 2011 for non-BBC dwellings, the tax cut to 15% next year and 10% in 2012. For homes BBC, it remains at 25% in 2011 and then fell to 20% in 2012.The Scellier disappears at December 31, 2012.

For new housing, the loan rate zero (PTZ) was doubled in 2009 and will continue until June 30, 2009. Photo credits: Pascal SITTLER / REA

The Paris Bourse started the week higher, recovering some lost ground over the last two sessions last week (-1.16% to close Thursday and Friday -0.95%). Around 13 hours, the CAC 40 was up 0.95% at 3830.61 points, including increased growth of the beautiful side of U.S. markets. In an exchange volume down (barely 875 million euros at mid-session), the famous rally Year-end "appears to be a good reason for investors to" play "on the rise.

No statistics are expected today, which should contribute to the sluggish trade.On the rest of the week (end of quotes provided 13 hours Thursday and closing of the Exchange Friday), the third estimate of U.S. GDP for the third quarter and the sales figures in the real estate professional in the U.S. will be watched.

Thomson negotiates

This is Thomson, which holds the top of the display values of the SBF 120, displaying a great increase of 7.81% to 0.94 euro. The restructuring of debt of Thomson, which must be approved by two thirds of its creditors, has already been accepted on Monday by two of the three committees of creditors who must decide, said the French group said in a statement.

Other important information on Monday and welcomed by the market: a joint venture of Safran (+3.56%) and General Electric was selected in the manufacture of aircraft engines by China to equip future aircraft have to compete A320.

In the ACC, Total wins 1.93%, to 43.4 euros after winning a license contract in Algeria for gas fields of Ahnet.

According Wansquare, Jacques Lenormand, deputy CEO, responsible for driving strategic financial and Credit Agricole (just 1%), going from the facility in a few weeks.

The group involved in banking, in an interview with the daily Le Soir, Pierre Mariani, the CEO of Dexia (3.18%), higher up the leading index in Paris) says it plans to show a fourth quarter in the green.

The action Natixis, it takes 2.51%, to 3.35 euros. The Exchange welcomes the restructuring of the BFI and Jean-Marc Moriani will leave office.

In an interview with Le Figaro, CEO and founder of Iliad (+0.33%), the parent of Free, Xavier Niel puts the figure at 2.8 billion euros by 2012 for its surplus of operation.

NicOx (-0.97%) lifted about 100 million euros in its capital increase.

Sanofi-Aventis coward 1.04%, to 54.13 euros. The group announced the discontinuation of development of two products, one in the treatment of insomnia and the other in the atrial fibrillation.

CNP Assurances (+0.12%) has exercised the option to sell part of its 11.34% stake in Natixis Global Asset Management.

Exxon Mobil launched a massive operation. The Texan oil giant announced Monday in a statement putting his hand on XTO Energy, a specialist in exploration and production gas field unconventional. The stock transaction is valued at 41 billion dollars (28 billion euros). An amount that includes 10 billion debt to XTO. The news that investors react. On Wall Street, the action XTO recorded a jump of 16.65% to 48.38 dollars, while Exxon Mobil abandoned as 2.99% to 70.65 dollars.

Through this transaction, expected Exxon 0.7098 new share issue by XTO title. This is equivalent to a 25% premium for shareholders of XTO, compared to the closing price on Friday, December 11, which served as basis for agreement. The deal should be finalized in the second quarter 2010 after the green light by shareholders of XTO and regulators.After the merger, Exxon plans to establish in Texas a new organization to manage development and resources that will bring him XTO Energy.

The exploration and production of unconventional gas represents a potential size of the United States. For Rex W. Tillerson, executive director of Exxon Mobil, this acquisition will be an opportunity to increase investment and create new jobs in the U.S. economy.

An agreement on part-time senior recently signed by the unions CGT, CFDT, CFTC and FOR with the management of France Telecom (Sud-PTT and CFE-CGC did not sign). This agreement covers employees who worked at least fifteen years with the company and due to retire within three years.

This device based on volunteerism should enable people to work part-time for three years before retirement for 80% of gross salary. With a reduction of greater wages, the employee can retire earlier, up to eighteen months if he agrees to be paid at 65% (not working so that eighteen months before the retirement).

"It's an event, a brick building that is being rebuilt, a dynamic" to move towards a new "social contract", said Director of Human Resources Group, Olivier Barberot at signature.The unions amounted to 14,000 the number of employees who could join the scheme.

"The group undertakes to compensate for 50% the time freed by employees in GST, which, on the basis of 6,000 beneficiaries of TPS, 1500 represents the minimum hiring full time Commission under the scheme between June 2010 and June 2013, "said the text agreed.

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It's a real paradox. While many disabled people are unable to find their place in the labor market, companies snapped up those who have attended graduate school. Their recruitment is the same headache for companies seeking profiles from bac + 2. "There are so few … We all want the six-legged sheep," says François-Xavier Krieg, head of pole insertion of Generali Group, which recruits mainly bac + 4.

"It's a problem, recognizes Laurence Mialleret, Human Resources Areva. We may have a real disability policy and a lot of goodwill, we are sometimes forced to abandon research on certain positions. "From bac + 3 blocks it.We find more candidates, "added Franz Bléhaut, director of France Michelin.

Disabled people are still struggling to gain access to skills training. (AFP) Photo credits: AFP