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	<title>Business &#38; financial news headlines &#187; web</title>
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		<title>BP could contain the oil spill by Monday</title>
		<link>http://cw-white-gallery.com/bp-could-contain-the-oil-spill-by-monday/</link>
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		<pubDate>Mon, 12 Jul 2010 06:32:06 +0000</pubDate>
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		<description><![CDATA[ This is the most reassuring news announced by the U.S. authorities for more than two months. According to Coast Guard Admiral Thad Allen American to oversee cleanup operations in the Gulf of Mexico, BP should be able to contain 100% the gap in the well from which oil flows to by Monday. A new [...]]]></description>
			<content:encoded><![CDATA[<p> This is the most reassuring news announced by the U.S. authorities for more than two months. According to Coast Guard Admiral Thad Allen American to oversee cleanup operations in the Gulf of Mexico, BP should be able to contain 100% the gap in the well from which oil flows to by Monday. A new funnel, bigger than previous ones, is currently installed by the British oil. </p>
<p> This funnel, called &quot;Top Hat Number 10&quot;, should recover up to 80,000 barrels of oil per day (12.7 million liters), against 25,000 now. The authorities are optimistic that based on their assessments, the well lost more than 60,000 barrels per day. The previous dome will be first removed. A large quantity of oil escape so well for 48 hours.But once the new funnel posed, the results will be immediate, promises Thad Allen. </p>
<p> Since April 20, the day of the explosion of the Deepwater Horizon platform off the coast of Louisiana, BP has increased its attempts to clogging, all unsuccessful. </p>
<p> No stop before August </p>
<p> BP was more cautious in its forecasts. Bob Dudley, responsible for managing the disaster, spoke of another scenario where difficulties in installing the new funnel could delay the time from Monday to Thursday. </p>
<p> But authorities are confident: &quot;We have the climate we need,&quot; said Thad Allen. The admiral, however, required to calm the enthusiasm that followed the announcement. &quot;I used the word &#39;contain&#39; and not &#39;stop&#39;,&quot; he commented. According to him, the well would not be closed as well as two-pass will not be completed.These wells, dug deep to inject cement and mud, should not be installed until mid-August. Once the leak stopped, the extensive cleaning and restoration of the ratings will continue. </p>
<p> Anadarko does not pay </p>
<p> On this last point, BP was again struck Friday denied Anadarko Petroleum. The company, which owns 25% of wells responsible for the spill, said she would not pay the $ 272 million that BP is asking her to cover their share of cleanup costs, according to U.S. law known pollution. </p>
<p> On June 18, the tension was raised a notch between the two partners lorsqu&#39;Anadarko stated that the explosion of April 20 on the platform Deepwater Horizon, &quot;was preventable and was a direct result of decisions and actions BP unthinking.</p>
<p> In another e-mail sent Friday, a spokesman for Anadarko, John Christiansen, however, felt that his group remained &quot;committed to working in good faith with BP to reach a satisfactory resolution.&quot; </p>
<p> BP is now awaiting the response of Mitsui, which owns 10% of the wells. The British oil giant is claiming $ 112 million for cleanup costs. The company has not yet made its position. </p>
<p> ALSO READ: </p>
<p> Why BP is its own insurer </p>
<p> &quot;BP continues to seek investors </p>
<p> &quot;The spill has now reached the shores of Texas </p>
<p> &quot;The oil companies have a point against Obama </p>
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		<title>Europe does not want to do, rigor</title>
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		<pubDate>Tue, 29 Jun 2010 21:32:10 +0000</pubDate>
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		<description><![CDATA[ Brussels unveils Wednesday morning the first tools to enhanced budgetary discipline, but a return to social and political sensitivity, the eyes of many European leaders have already turned to the next step: how to reduce public deficits without killing one fragile recovery in short, prevent the patient from dying European healed. 
 Rigor or [...]]]></description>
			<content:encoded><![CDATA[<p> Brussels unveils Wednesday morning the first tools to enhanced budgetary discipline, but a return to social and political sensitivity, the eyes of many European leaders have already turned to the next step: how to reduce public deficits without killing one fragile recovery in short, prevent the patient from dying European healed. </p>
<p> Rigor or growth, the controversy Twenty-Seven do not extinguished with the final summit which has a fiscal tightening priority number one, are privately EU officials. Rather, the debate may resurface in the fall when the purge has hit the pockets of Greeks, Spaniards and Portuguese. It is also the time when France &#8211; soon followed by Italy &#8211; the first budget scenarios draw a crucial election year.Orthodoxy dictated by Angela Merkel and Jean-Claude Trichet to &quot;save the euro, is probably not the last word. </p>
<p> &quot;There is much talk of economic government, but except to despair of hundreds of millions of Europeans, this can not be reduced to handle the stick, says a prime minister. The EU must express a more positive discourse. &quot;Behind the facade of unanimity, the summit of 17 June has seen crack consensus on the severity. Behind closed doors, elected by a large country has told his peers that he would not go to elections on an austerity program. A head of government has launched neighbor that he cared more for his popularity figures that the percentage of public debt. </p>
<p> Belgium, which takes the presidency tomorrow &quot;rotating&quot; of the EU and is found to manage the discussion, already began work clearance.The idea, pushed by Finance Minister Didier Reynders, is (re) launch a series of European projects clearly identified, to support investment and growth fragile. &quot;States should certainly spend less, but they can also spend more,&quot; they said in Brussels. </p>
<p> The European tax, a topic still taboo </p>
<p> The new president was careful to mention a program of &quot;great works&quot; in the Keynesian mode. But he is making concrete and go beyond the pale &quot;Strategy 2020&quot; established by the Commission and just confirmed the summit. Several tracks are proposed, such as the integration of national networks of high speed trains, the interconnection of gas pipelines, or a coordinated plan for European manufacturers for an electric car general public. </p>
<p> In lean times, is to find public funding.Seen from Brussels, one or more of the taxes in gestation could find was a second use: the tax credit, the tax on financial transactions, or the carbon tax. This does not transform one of these tax levies national European topic still taboo in the EU. Each nation would undertake to devote part of its revenue to a new coordinated investment effort. This is the kind of government economic component. </p>
<p> ALSO READ: </p>
<p> &quot;Trichet: It would take&quot; 5-6 years &quot;to clean up the rigor deficit </p>
<p> &quot;In Britain, the Lib Dem rigor put in a difficult position </p>
<p> &quot;The rigor of Finance is not the enemy of growth </p>
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		<title>G20 disagreements on tax credit</title>
		<link>http://cw-white-gallery.com/g20-disagreements-on-tax-credit/</link>
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		<pubDate>Sun, 27 Jun 2010 20:32:10 +0000</pubDate>
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		<description><![CDATA[ Priority of Berlin and Paris, the tax credit has received a cold reception in Toronto at the G20. Despite support from Washington and London, the communiqué does not mention the tax lip as a legitimate option for banks to charge up the pieces of the crisis. But the G20 is careful to praise, to [...]]]></description>
			<content:encoded><![CDATA[<p> Priority of Berlin and Paris, the tax credit has received a cold reception in Toronto at the G20. Despite support from Washington and London, the communiqué does not mention the tax lip as a legitimate option for banks to charge up the pieces of the crisis. But the G20 is careful to praise, to the chagrin of the French and Germans who are promoting at European level. </p>
<p> &#39;There is no international agreement on the tax, &quot;says the Canadian government, hostile to this project from the start. Canadians, Australians and emerging countries are opposed to this levy, because their banks have managed to ride out the storm without state aid. &quot;The financial sector should contribute to the budgetary effort of governments intervened to fix the financial system or money abound resolution,&quot; admits the G20.&quot;Some countries are considering a tax credit, others are promoting other approaches,&quot; said the statement, which takes note of the divisions at the highest level. </p>
<p> Budget 2011 in France </p>
<p> Some guiding principles of tax are set out in the annexes of the findings, but the virtues &quot;antirisques&quot; of the tax are not highlighted. Most delegations, particularly Americans, found it more effective to expand the capital of the most exposed to risks to avert a future crisis. One option feared by European banks, less well capitalized than their competitors in North America. </p>
<p> Angela Merkel, who was the first in Europe to defend the tax credit on a European scale, is not surprised by the meager results of the G20. &quot;We were not going to convince the world to Toronto to impose a tax on banks, this was not the goal!&quot; Will be defended German side.&quot;The G20 recognized the legitimacy of the tax, it is well&quot;, says it does on the French side. &quot;Whatever the decision of our partners, we will implement this tax!&quot; Warned Sarkozy Nicolas who entered the menu of the budget 2011. </p>
<p> France is Germany and Great Britain seem determined to pay their banks but, despite the political display, the proportions remain reasonable so as not too lose competitiveness relative to Asian markets. Thanks to its tax, France has recovered 1 billion; Great Britain, 3 billion pounds, the U.S. counting on $ 19 billion.A lesser evil for Western banks, which always escape to the great reform of global financial regulation announced by the governments since the first G20 in Washington. </p>
<p> ALSO READ: </p>
<p> &quot;G20: disagreements on tax credit </p>
<p> The G20 warns against too much austerity </p>
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		<title>Four years in prison need against Kerviel</title>
		<link>http://cw-white-gallery.com/four-years-in-prison-need-against-kerviel/</link>
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		<pubDate>Thu, 24 Jun 2010 15:56:10 +0000</pubDate>
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		<description><![CDATA[ Five years in prison, four of which were required firm Thursday against the former Societe Generale trader Jerome Kerviel, held from June 8 before a court in Paris in early 2008 for causing a historic loss of 4.9 billion euros. 
 The maximum incurred was five years in prison and 375,000 euro fine for [...]]]></description>
			<content:encoded><![CDATA[<p> Five years in prison, four of which were required firm Thursday against the former Societe Generale trader Jerome Kerviel, held from June 8 before a court in Paris in early 2008 for causing a historic loss of 4.9 billion euros. </p>
<p> The maximum incurred was five years in prison and 375,000 euro fine for abuse of trust, forgery and using false and fraudulent introduction of data into an automated system. </p>
<p> In their indictment, the two representatives of the Crown have shown they believe that the three offenses were clearly established. For the prosecution, Jerome Kerviel, 33, is &quot;a professional fraud&quot;, &quot;overtrained&quot;, &quot;cynical&quot;, having developed a &quot;system organized, methodical, continuous&quot; for &quot;betraying the trust&quot; of the bank and its employees.&quot;Not the criminalization of breach of trust also has to its name,&quot; said Jean-Michel Aldebert, head of the financial section of the floor. </p>
<p> &quot;Your court judge for what he is: a manipulative, a cheater and a liar,&quot; which caused &quot;global trauma,&quot; said Jean-Michel Aldebert, saying that &quot;it is to stop the discredit upon the banks &quot;and that&quot; it is in the public order, economic and financial &quot;. </p>
<p> The bank accuses Kerviel have unwittingly taken for tens of billions of dollars of speculative positions in financial markets, which resulted in a loss of 4.9 billion euros in January 2008. </p>
<p> (With AFP) </p>
<p> ALSO READ: </p>
<p> &quot;SPECIAL &#8211; Case Kerviel, the trial of a system </p>
<p> Jerome Kerviel admits to having produced false </p>
<p> &quot;The challenges of Societe Generale </p>
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		<title>&quot;The best range of our history&quot;</title>
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		<pubDate>Tue, 15 Jun 2010 00:52:09 +0000</pubDate>
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		<description><![CDATA[ Tuesday, opens in Los Angeles at E3, the world exhibition of video games. After a difficult year 2009, particularly for console games, the market could see a modest growth in 2010, under strongman Activision Blizzard, the first publisher in the world, a subsidiary of Vivendi. From the top of 4.28 billion in sales last [...]]]></description>
			<content:encoded><![CDATA[<p> Tuesday, opens in Los Angeles at E3, the world exhibition of video games. After a difficult year 2009, particularly for console games, the market could see a modest growth in 2010, under strongman Activision Blizzard, the first publisher in the world, a subsidiary of Vivendi. From the top of 4.28 billion in sales last year, the group seems untouchable: it attracts 11.5 million subscribers in its network game World of Warcraft. However, the sector remains fragile: &quot;The market fell by 20% in Great Britain,&quot; warns Yves Guillemot, CEO of Ubisoft. The &quot;decline is about 10% in France for PC gaming,&quot; said Philippe Sauze, the head of the subsidiary of Electronic Arts, its chief Olympique Lyonnais. But its economic weight is high.The global market for game software grew over 50% in three years, reaching $ 46.5 billion in 2009, against 30.3 in 2006, says Strategy Analytics. </p>
<p> Le Figaro. &#8211; What are your predictions for the sector in 2010? </p>
<p> Bobby Kotick &#8211; Companies have disappointing results when they are faced with a lack of creativity and innovation. Last year was a fantastic exercise for Activision Blizzard. Our outlook remains positive for 2010, thanks to our range of products. Our position is different from that of our competitors because more than 50% of our profits come not from the consoles. Overall, I think the video game market should grow slightly this year. But we need that Sony and Microsoft will further reduce the price of their consoles, especially in Europe.It seems clear that the higher the price of consoles is low, more games are selling well and the market grows. </p>
<p> The video game lobby E3 is placed under the sign of new interfaces. Will this upset the way he play? </p>
<p> The new interfaces are important, especially in Natal Microsoft Project and Move System from Sony. These technologies help to renew the interest of players and attract new audiences. Similarly, Nintendo 3DS is innovative and it indicates that everyone seeks to differentiate its products from other consoles. But the key element is the price <a href="http://pay-day-loan-s.com">quick pay day loan</a><!-- . -->.We still have much work to be done to further simplify the use of games and ensure that equipment is simple to use. </p>
<p> What do you expect the Big Three, Nintendo, Microsoft and Sony? </p>
<p> Nintendo will not herald major advances for the Wii. But 3DS, with its screen in relief, is a very attractive product. The Xbox 360 is expected to benefit from innovations in online services Live. Finally, Sony has done a very good job with the PS3 is a console game player and a Blu-ray. I think all three console manufacturers are in better shape than last year. In addition, new ways to play show through the iPhone, iPad and televisions. But as the installed base remains weak, we invest prudently. </p>
<p> Facebook has given birth to publishers of small games, such as Zynga.What are your ambitions in social networking? </p>
<p> Facebook represents enormous opportunities for the future, not immediate. Again, we do not want to be first, but the best. We have the flexibility to develop our own games for new platforms, as we did for the iPhone. </p>
<p> What is your assessment for &quot;Call of Duty: Modern Warfare 2? </p>
<p> We have already sold over 20 million games. We have extensive plans for Call of Duty for five years. It has become a group activity. We have created four divisions, one for Call of Duty, one for network games like World of Warcraft (WoW), one third for musical games and a fourth for our licenses. The organization of the group is in line with the market. </p>
<p> What are your major projects? </p>
<p> Star Craft II: Wings of Liberty and Battle.net are very important.It&#39;s the same for Cataclysm, the upcoming expansion of WoW, and new versions of Guitar Hero, DJ Hero. Finally, we develop an online service for Call of Duty. I think we have the best range of games in our history. </p>
<p> ALSO READ: </p>
<p> &quot;Microsoft wants to change the video game world </p>
<p> &quot;Sony&#39;s assault on the wireless controller for the Wii </p>
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		<title>The idea of a law challenged in five years against shortfalls</title>
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		<pubDate>Thu, 03 Jun 2010 03:00:18 +0000</pubDate>
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		<description><![CDATA[ At the last conference on deficits, Nicolas Sarkozy has proposed to amend the Constitution so that at the beginning of each term government embarks on a path of reducing the public deficit. Specifically, the new executive would introduce a law framing current five years. And the statute imposes itself to the draft budget law [...]]]></description>
			<content:encoded><![CDATA[<p> At the last conference on deficits, Nicolas Sarkozy has proposed to amend the Constitution so that at the beginning of each term government embarks on a path of reducing the public deficit. Specifically, the new executive would introduce a law framing current five years. And the statute imposes itself to the draft budget law (PLF) and the draft law on financing of Social Security (PLFSS) annually. &quot;If the budget bill or PLFSS does not meet the defined path, they could be censured by the Constitutional Council,&quot; says one at Bercy. </p>
<p> Without repudiating the philosophy of the project, some members of the working group led by Michel Camdessus wish to amend it. They prefer to build a vehicle that already exists: the law of public finance program, including the second version is in preparation for the years 2011-2013.The Act defines a trajectory government deficit over three years and gives rules good governance, such as pledge new tax loopholes or tax cuts on savings elsewhere. Problem: the establishment, without consideration of the reduced VAT in restaurants has shown that the law had little weight. The idea would be to amend the Constitution so that the law needed to Multi PLF PLFSS and <a href="http://easy-quick-payday-loans.com">easy payday loans</a><!-- . -->. With, as in the government&#39;s plan, the Constitutional Council, acting as a lookout. The difference with the law of framing? &quot;The law multiannual runs over three years instead of five, which is more economically feasible.She speaks of actual deficits, while framing the law is based on structural balances, that is to say pensioners in the economy, which nobody understands, &quot;said Philippe Marini, UMP rapporteur of the budget in the Senate. </p>
<p> Skip the election cycle </p>
<p> Another advantage: the law is part of a multi-year regular who, in 2011, is linked with the stability program sent to Brussels. One way to reduce dependence of the electoral cycle. However, some members of the Committee Camdessus have a different vision. Gilles Carrez, UMP rapporteur of the budget to the Assembly, wants only the governance rules of law binding on other multi-texts: &quot;The deficits are too sensitive to economic trends. By cons, it must make mandatory rules of conduct. &quot;The members have three weeks to agree before issuing their report.The question is whether the government will agree to a reappraisal. </p>
<p> &quot;France wants to better manage its expenditure </p>
<p> &quot;Deficits: France wants to copy </p>
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		<title>A350: &quot;Until the end, it will be a marathon&quot;</title>
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		<pubDate>Fri, 23 Apr 2010 19:04:24 +0000</pubDate>
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		<description><![CDATA[ LE FIGARO. &#8211; In late 2006, EADS gave the go-ahead to the A350 XWB for its first delivery in 2013. Where is this program? The timetable will be respected there? 
 Didier Evrard. &#8211; Developing a new aircraft is flying a program of high technology, so managing risk. And there, on an ambitious project [...]]]></description>
			<content:encoded><![CDATA[<p> LE FIGARO. &#8211; In late 2006, EADS gave the go-ahead to the A350 XWB for its first delivery in 2013. Where is this program? The timetable will be respected there? </p>
<p> Didier Evrard. &#8211; Developing a new aircraft is flying a program of high technology, so managing risk. And there, on an ambitious project which has as many technological innovations, particularly with 53% of composite materials. </p>
<p> Until the end, it will be a marathon, and we have to face challenges. When we encounter problems, we find solutions. In 2009, I decided to give three months more to our team compared to the original schedule, for some elements such as design, or for critical parts such as the junction between the wings and fuselage and the points where systems will be hung in the carbon fuselage.This decision reduced our margin of safety and caused a delay of three months to start the final assembly plant in Toulouse, in the third quarter of 2011 instead of the second quarter of 2011. Part of the margin for flight testing has been &quot;consumed&quot;, and we have redefined the planning of these tests over 12 months. </p>
<p> Can there be a delay of the delivery schedule? </p>
<p> No, this does not affect the first delivery is scheduled for mid-2013 with Qatar Airways, one year after the start of flight testing and certification campaign. We entered the second phase of the program, the manufacturing and kitting.Steps have been taken to secure this crucial stage. </p>
<p> Which exactly? </p>
<p> We have built physical models and demonstrators that enable teams and our industry partners to train, whether in Broughton for the wing to the fuselage in Hamburg or in Nantes where employees of our subsidiary Aerolia M?aulte train on the manufacture of composite parts first <a href="http://cash-advance-nofax.com">cash advance payday loan</a><!-- . -->. We worked on the ramp-up production, which will start in 2013, reaching ten A350 XWB monthly maximum activity. It is a difficult phase because while assembling the first aircraft, we continue their development during flight tests.We have taken steps to be able to integrate at this stage, changes. </p>
<p> No wiring problems for the A380 like? </p>
<p> No. The A350 XWB is the first aircraft from the &quot;New Airbus&quot;, an integrated company has consolidated its industrial organization through Power8. Once the development phase, the program was conducted by an organization with its integrated and transnational centers of excellence: fuselage, cabin, composite &#8230; From the beginning, 1,000 engineers from across Europe have worked together on a Toulouse &quot;plateau&quot; central to the definition and harmonization of methods and tools. All facilities use the same machines, the same types of tools, consulting firms use the same tools for planning and design (PLM to manage the complete cycle of the product). Meanwhile, we have overhauled our relationships with our suppliers.We have assigned 50% of the aerostructure instead of 25-30% previously. Our suppliers have systems for their part received lots of work with more complex integration of sub-assemblies. </p>
<p> ALSO READ: </p>
<p> »Airbus A350: the countdown is activated </p>
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		<title>Protracted negotiations for the resumption of Entremont</title>
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		<pubDate>Thu, 22 Apr 2010 05:28:29 +0000</pubDate>
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		<title>Areva and EDF are involved in the development of nuclear Italian</title>
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		<pubDate>Fri, 09 Apr 2010 19:32:52 +0000</pubDate>
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		<description><![CDATA[ The joint venture created by EDF and Enel of Italy, has signed a partnership agreement with Ansaldo, the nuclear branch of the Italian group Finmeccanica. This five-year partnership provides for cooperation between the alliance and Ansaldo &#34;for the development and construction of 4 nuclear reactors that EDF and Enel EPR planning to build in [...]]]></description>
			<content:encoded><![CDATA[<p> The joint venture created by EDF and Enel of Italy, has signed a partnership agreement with Ansaldo, the nuclear branch of the Italian group Finmeccanica. This five-year partnership provides for cooperation between the alliance and Ansaldo &quot;for the development and construction of 4 nuclear reactors that EDF and Enel EPR planning to build in Italy&quot; says EDF. </p>
<p> For its part Areva said it had signed three agreements with companies in Italy on Friday. The first agreement, signed with Ansaldo will enable both companies to work together in Italy, under the planned construction of four reactors conducted by ENEL and EDF, but also in the rest of the world.This partnership will result in particular through cooperation in the engineering, supply of certain equipment and assembly work and testing of commissioning. </p>
<p> The second agreement, signed with Techint, a group specializing in engineering and construction of large industrial facilities, provides for cooperation of two companies in future nuclear projects turnkey projects in the world <a href="http://us-fast-cash-now.com">fast cash now</a><!-- . -->. </p>
<p> Finally, a training agreement was signed with the university consortium for research and nuclear technology (CIRTEN). It provides the contribution of Areva to develop new nuclear industrial capabilities in Italy. </p>
<p> These agreements come as the annual summit between France and Italy takes place in Paris, where Nicolas Sarkozy and Silvio Berlusconi, the Italian prime minister, meet.The purpose of these agreements for EDF and Areva is to be in the running for the revival of nuclear energy in Italy from 2013. </p>
<p> Italy banned nuclear power in 1987 following the Chernobyl accident. But this year, a decree established a timetable for the construction of new reactors began in 2013. Silvio Berlusconi, had expressed a wish that 25% of the electricity produced in Italy comes from nuclear reactors. </p>
<p> ALSO READ: </p>
<p> &quot;Nuclear cooperation between France and Italy </p>
<p> &quot;Nuclear: Italy is an operational EPR 2020 </p>
<p> &quot;EDF and Enel will build four reactors in Italy </p>
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		<title>U.S. Supply: outcry in Europe</title>
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		<pubDate>Tue, 09 Mar 2010 22:38:42 +0000</pubDate>
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		<description><![CDATA[ Louis Welsh, president of EADS, on Tuesday presented the results of fiscal 2009 marked a net loss of 763 million euros, with heavy consequences including increased provisions under the Airbus A400M and the effect of exchange Euro-dollar negative (1 billion euros for the third consecutive year). 
 But observers have in mind the case [...]]]></description>
			<content:encoded><![CDATA[<p> Louis Welsh, president of EADS, on Tuesday presented the results of fiscal 2009 marked a net loss of 763 million euros, with heavy consequences including increased provisions under the Airbus A400M and the effect of exchange Euro-dollar negative (1 billion euros for the third consecutive year). </p>
<p> But observers have in mind the case of U.S. tanker. The defense giant Northrop Grumman American announced that he would compete to win a contract for 35 billion dollars to provide 179 refueling aircraft to the U.S. Army. This is the first installment of a giant order of 500 aircraft for 100 billion dollars. Northrop said that the criteria of the tender favored Boeing, also nominated. Consequently, EADS, his partner had no choice but to throw in the towel. </p>
<p> The news caused an outcry in Europe.«(&#8230;) During the current crisis, the smallest signs of protectionism are harmful, &quot;accused Br?derle Rainer, German Minister of Economy,&quot; even in the field of defense, free competition should not be hampered unilaterally. The Foreign Office warned that &quot;France, with the European Commission and its European partners concerned will proceed to the consideration of this new development and its possible implications. </p>
<p> A complaint before the World Trade Organization (WTO) seems to be excluded because it is not competent defense. And it can not intervene following a sovereign decision taken by a private company, namely Northrop. Louis Welsh did not want polemics or insult the future: &quot;I am not a politician but an industrialist. I am part of a fact.The U.S. market remains a priority for us. &quot;He was careful not to comment on the decision of its American ally. Northrop could have filed an appeal before a federal judge because he had a strong case. He preferred to drop and de facto release EADS. For the Democrats who control Congress have pushed the message. We must leave the field open for Boeing needs this contract to stay in the field of military aviation. Boeing, whose headquarters are located in Chicago, a stronghold of President Obama. Northrop would have been assured of being able to catch up on other contracts. He could not alienate its biggest customer, the Pentagon, who can not stand to see its decisions appealed to the GAO, the U.S. equivalent of the Court of Auditors. This was the case in early 2008 when Boeing was denied victory by Northrop and EADS.And succeeded. </p>
<p> Result, the U.S. Army for ten years waiting for its new tanker. Today is back to square one with, as in 2001, only one bid. It is possible that again the Republicans react as they reject the absence of competition. </p>
<p> ALSO READ </p>
<p> &quot;INTERVIEW &#8211; Welsh:&quot; The tender is for Boeing &quot; </p>
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