Le Figaro. – Northrop and EADS waive answer the call for bids for the tanker to the U.S. military …
WELSH Louis. – We are not going as this tender is clearly in favor of the Boeing B767. The specifications are intended for a smaller aircraft than the Airbus A 330 without taking into account the superior capabilities of the latter. I regret, because we have the best aircraft, which has won every competition in the world, including Britain and Australia, against Boeing. It was useless to file an appeal. I'm not sure the American taxpayer will be a bargain for the U.S. military, it has a plane less modern, less capable than Great Britain, Australia, Saudi Arabia or United Arab Emirates.
You build a factory in Alabama?
The site of Mobile in Alabama would assemble the tankers.Therefore, this assembly project in the southern United States is no longer valid. This decision does not affect our overall interest to the U.S. market. We have to develop.
In what trades do you develop in the United States?
For now, we look rather acquisitions of medium size, including the United States, but not exclusively. As for trades beyond the defense, we bear a special interest in services and security. But everything is a matter of expediency.
The euro-dollar is she always so critical?
Of course! And the euro at 1.35 dollar remains strong. I remember I started Power 8 in 2007 to address just one dollar to 1.35. This is not because we went from 1.50 to 1.35 as the dollar problem is solved! EADS had 9.8 billion euros at end December 2009.
What will you do with that war chest?
The Net Cash position is considerable, but we will in the next four years, reaching a peak of investment on the A 350. We must maintain a sufficient level. It is essential to maintain the trust of our customers, who pay installments four to five years before delivery of their machines. The cash position is also an important component of our rating. It is therefore a priority for us to protect it. Airbus beats records of shipments, but profitability is average.
The economic crisis is still there.Are you planning to launch a new savings plan?
In 2009, our accounts are strongly marked by the provisions on the A 380 and above on the A 400M (1.8 billion euros) and by currency effects, whose overall impact is negative in 2009 2.5 billion euros compared to 2008! Apart from these "special items" Our operational performance is satisfactory. End of 2009, we completed a year ahead of the expected savings under Power 8, or 2.1 billion euros. Power 8 + begins now and will run until 2012. To date, I have no plans identified new savings plan, but I do not want to tie my hands and we must be able to react to changes in our environment guaranteed approval cash loans .
EADS in the collimator
The defense group EADS said on Friday reached an agreement in principle with client countries on the financing of the military transport plane A400M. This also held Monday in Paris a crucial meeting on the fate of the military plane, which displays almost four years behind the counter.
The director general of Crédit Agricole, Jean-Paul Chifflet, revealed in an interview with Le Figaro, his long-term goals. "If we find other opportunities for collaboration to reduce intermediation costs for our customers, we will. With the Company generally or with others, "he said as well.This information may affect the securities Societe Generale and BNP Paribas.
In an interview with Le Figaro also Antoine Frerot, CEO of Veolia, reaffirms the group's objectives, including "after-tax profit of at least 9% and operating profit up 4% on average annually.
The central works of extraordinary total stands Monday. Employees of Dunkerque, on strike since January 12 this year, threatening to spread the oil available to them if management does not accede to their demands.
As for publications, Biomerieux announced on Monday a net profit in 2009 of 148 million euros, above expectations. The group table for the period 2010-2015, an average annual growth of between 7% and 9% at constant exchange rates.
The annual results of cements French gather today.Just as those of April, after market close.
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The NYSE has hesitated. It finally ended in the red on Wednesday. After rebounding said yesterday (1.52%), the Dow Jones lost 0.20% to 10,038.38 points. The Nasdaq lost 0.14% to 2147.87 points and the S & P 500 fell 0.22% to 1068.13 points.
The wait dominates before confirmation of support from the European Union to Greece. Investors await the meeting of European heads of state tomorrow Thursday after which a European financial aid for Greece should be announced. But doubt persists. "In general there is a senior, anonymous was quoted as source. Translation for everyone is that this information should be taken with caution, "says Patrick O'Hare of Briefing.com financial site.
In the final meeting, the Spanish Presidency of the EU announced that European countries would give their support to Greece.But the market always wondered how such a help.
In this context, the dollar begun to rise again against the European currency: 1 Euro 1.3726 U.S. dollar traded (-0.37%). Side materials, a barrel of light sweet crude for March delivery ended at 74.52 dollars, up 77 cents from the close of Tuesday.
To these doubts mingles the concern over the remarks of Ben Bernanke. This has not announced any increase in rates, but this solution is considered. The discount rate will he, as the statement implied the rumor in the markets in recent days.
Regarding statistics, the trade deficit the U.S. has continued to widen in December, rising by 10.4% compared to November, while analysts expected him to be reduced."We had numbers of calamitous external deficit, indicating that the economy will experience slower growth in the first quarter than the fourth, it weighs on the market," said Peter Cardillo, Avalon Partners.
Arcelor Mittal battered the United States
Arcelor Mittal, the world's number one steel, said it earned 118 million dollars over the year 2009. But the current financial year looks difficult. The U.S. market (-6.99% to 36.70 dollars) endorse the title in Paris.
In addition, Micron Technology (-5.95% to 8.54 dollars) announced it would buy Holodings Numonyx, a producer of memory cards, for $ 1.27 billion.
The Japanese car saw decidedly dark days. It is the turn of Honda (-2.20% to 33.76 dollars) from Wednesday to recall over 400,000 vehicles, after the Toyota case (1.46% to 75.69 dollars).
Airgas Inc.(-0.07% To 61.31 dollars) has rejected a hostile takeover of Air Products & Chemicals, describing it as "inadequate".
After Hours, Tuesday, Walt Disney (0.74% to 30.06 dollars) has released stable profits over one year to 844 million, or 44 cents per share. But excluding special items, earnings per share were 47 cents against 39 cents expected by analysts.
The bank is not affected by ads for Ben Bernanke. Bank of America (1.38%), JP Morgan Chase (1.25%) and Goldman Sachs (0.75%) support same document.
Dell (+1.48% to 13.75 dollars) has been "upgraded" by Bank of America-Merrill Lynch to buy from neutral.
And Omnicum, a direct competitor of Havas, which was pleasantly surprised by France, issued a profit decline of 87 to 73 cents per share.The title takes 1.42% to 35.75 dollars.
Baidu (10.83% to 482.13 euros) reported a fourth-quarter earnings up 48% to 62.7 million. The competitor Google (-0.37% to 534.45 dollars) in China publishes a profit of $ 1.8 per share.
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The statement should be screaming the railway unions. According to the Court of Auditors, the reform of 35 hours explaining the difficulties of the station to cope with the opening of its monopoly to competition, including productivity gap with its competitors. They can reach 30% in the sector of freight transport.
According to the report published today, law enforcement has led to increased numbers of staff from 7000 to 7500. However, "the additional staff that the reform had resulted represents almost half the number of posts abolished during the seven subsequent years, totaling approximately 15,600 officers between 2002 and 2008.
This reform overstaffed and it has quickly established a consolidated "in terms of labor significantly less than the theoretical time required by law."In 2008, train drivers have been working daily 6:14, 1:35 or less than the theoretical length of bad credit payday loans . Even finding for drivers to maneuver and supervisors who work 20 minutes at 1:35 less than their working theory. On the RER B, managed with the RATP, the effective working time of workers down even at 5:50 am daily.
The institution of the Rue Cambon notes that despite its efforts, the station is "not reached a sufficiently relaxed social setting strictly regulated. A situation that could weaken against its competitors and "constitute an obstacle to its development."
The Court of Auditors called the coup, a "necessary harmonization of rules between the station and private operators.
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The Court of Auditors pinned the transport sector
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The euro fell Friday to its lowest level since May 2009. This morning, the single currency goes on its third session decline and fell below the $ 1.37, after passing down the threshold of 1.38 dollars the previous day (Thursday evening about 22 hours). It reached 1.3648 dollars around 9 am 30. It's a new level for the single currency since May 9
Since the beginning of the year, the euro lost 2.5%.
This drop is explained in particular by the concern of traders due to budgetary problems of many countries in the euro area. Many expect a strong intervention of Europe and even appealed to the International Monetary Fund (IMF) to help Greece to get out of a budget crisis without precedent.
Another concern is about the euro on the currency market, the case of Spain, which has poorly digested crisis including an unemployment rate of nearly 20%.Besides Dominique Strauss-Kahn, IMF head, spoke Thursday on RTL crisis "very strong in Spain and that the country had" an effort "to reduce public deficits Business Card Holders . The Spanish public debt has soared just over 60% of GDP in 2010 while in 2007 it accounted for only 36.2% of GDP.
Tuesday, Paul Krugman, Nobel Prize in Economics in 2008, believed that Spain was the main weakness in the euro area. To this the Spanish Minister of Economic Affairs, Elena Salgado, has responded Thursday by saying on the radio station La Cope: "The euro is a very strong and we continue to strengthen the currency.I see absolutely no risk for the euro area, "adding," there may be a lack of understanding about what the euro means for our economy. "
Another country in the euro area is also starting to worry, Portugal, again because of deteriorating public finances of the country. Besides the titles of Portuguese banks fell by 5 to 6% Thursday on the Lisbon Stock Exchange.
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Declining tax revenues and rising costs: the state budget did not end in 2009, suffering from this terrible effect scissors. The budget deficit widened to 143.3 billion euros in November 30, cons -66.6 billion a year earlier, said the Budget Ministry on Tuesday.
The difference, over one year amounted to 76.8 billion euros. He "explained mainly by the impact of economic conditions on changes in revenue and up to 34 billion euros by the end measures of recovery plan," says the ministry said in a statement.
In late November, total expenditure amounted to 329.7 billion euros, 13.9 billion more than a year ago. A difference can be explained by the cost recovery plan, advance Bercy."Out Recovery Plan expenditure (general budget and levies on revenues) increased by 850 million euros a year to another," says he.
In late 2009 the fiscal deficit, however, register under the 140 billion euros, one billion less than originally planned, said the Budget Ministry. This table to limit the deficit on tax revenue in December "slightly less degraded" and on "buoyant spending.
Direct consequence of this widening deficit, government debt under the Maastricht should represent 77.9% of GDP at end 2009 and 84% of GDP in 2010. To fill this gap, the state will borrow this year to market a record $ 188 billion.
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The French manage to reach a critical size in the Light Armored? It is hoped that the group Panhard attempting a rapprochement with the public Nexter (formerly Giat). The building is well underway in Europe, led by the Anglo-Saxons.
To the north, Britain's BAE Systems has steadily increased, including the purchase of Swedish Hagglunds, and now shows 7 billion euros of turnover. To the south, the U.S. General Dynamics has swooped on the Spanish Santa Barbara. The French Nexter and Panhard, which respectively carry a turnover of 579 million euros and hundreds of millions, have emerged as Tom Thumb. A rapprochement with Renault Trucks Defense, a subsidiary of Volvo Trucks, has also been mentioned.
Hence the idea of boss Panhard, Christian Mons, initiating a rapprochement with Next.Especially since the group's main shareholder, with 75% of the capital, George Cohen, had once considered separate from that asset. Having no desire to become a sub-subsidiary of a foreign group, Panhard therefore seeks to grow, with a preference for a Franco-French solution. Interviews with representatives of the Directorate General of Armaments (DGA) – who presides over the future of Nexter – have already been held and the proposal would have received a rather favorable.
Crossing several pitfalls
Panhard side, do not hesitate to think big. The company already imagine that after having bought Nexter it could begin negotiations with its German competitors Rheinmetall and KMW, also looking for external growth operations to reach a critical size.Such discussions would kick off an equivalent of one armored EADS.
Before that happened, it remains to Panhard to cross several hurdles. Only Nexter Armored Division and its flagship, the Leclerc tanks, interest Panhard. It performs alone 450 million euros of turnover. The group led by Christian Mons no secret to be much less inclined to acquire the activities of artillery and information systems and command.
Although it is still too early for a pattern emerges, buying only part of Nexter or the total surrender before a non-strategic assets, then he should know how to organize a form of privatization of the former Giat. Finally, if Thales does not seem to be a candidate for a merger with Nexter, Renault Trucks Defense had already expressed interest Nexter in 2008.The subsidiary of Swedish group had also extended a hand to Panhard, who was then preferred to decline the proposal.
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Good news on employment front in the United States. New entries in unemployment at its lowest since September 2008, to 452,000 in the week ended on December 18. This figure comes after two weeks of up and confirms the downward trend observed since late March in the United States.
Analysts do not expect a decline of this magnitude and had forecast about 470,000 new registrations. The total number of unemployed receiving benefits rose to 5.07 million, a decrease of 127,000 persons over the previous week.
The Department of Labor, which published the statistics, held relative to this development, stating that "this week in particular is extremely difficult to adjust for seasonal variations, because the raw numbers can be very different depending on the configuration calendar year. Clearly, the actual unemployment has probably not declined much.
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