Texas Instruments profit triples

20th July

Texas Instruments (TI) makes a strong second quarter. The U.S. manufacturer of electronic components announced after the close of Wall Street on Monday, having tripled its profit in the period. It reached 769 million dollars against 260 million a year earlier to the same period, an increase of 196%. Per share, this equates to a net profit of 62 cents, in line with analysts' consensus.

Revenues climbed 42% year on year to 3.496 billion dollars and 9% versus the first quarter. "Our activities have included analog chip and reached a double digit growth compared to the previous quarter, rising faster than the market average", says CEO Rich Templeton.

However, the announcement disappoints Wall Street. In exchange after exchange, securities fell by 5.64% to 24.11 dollars my credit score.Indeed, analysts projected a turnover of 3.52 billion. In a conference call, TI said that the turnover of the second quarter was affected by the decision of a major mobile client not to replenish stocks as much as expected.

For the rest, the group is optimistic. It expects a turnover of between 3.55 and 3.85 billion with earnings per share between 64 and 74 cents. It ranges over observers who rely on a turnover of 3.59 billion for earnings per share of 64 cents. "Orders were strong this quarter, the backlog has increased and we expect further growth of our revenues in the third quarter," he assured Rich Templeton.

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Germany searched the offices of Credit Suisse

14th July

Diplomatic relations between Switzerland and Germany could still suffer. After the controversial purchase of a CD from Switzerland containing lists of suspected tax evaders in Germany launches massive search operation in the German subsidiary of Swiss bank Credit Suisse. Objective: to update the 1100 alleged customers of the bank suspected of evading taxes, and employees of the bank suspected to have helped.

The raids took place simultaneously in 13 cities and were conducted by 150 officers. Credit Suisse, which remained silent on the subject, has finally reacted by saying "cooperate with the authorities." "This is an ongoing investigation, so we can give more information," says the facility.

Unsurprisingly

Since March 19 this year, the Dusseldorf prosecutor's office suggested that he was investigating cons these clients in the fight against tax evasion carried out by the government. The purchase of the CD has already led almost 12.000à denounce himself, according to last count, in late March.

Credit Suisse is not the only Swiss bank in the sights of German authorities. UBS industry leader, is also subject of an investigation, not prosecution, but the authority of financial sector supervision Authority (BaFin).

Negotiations stalled

These searches involved in full discussions between Bern and Berlin on improving the exchange of information between the two countries payday loans in 1 hour. Both governments wish to reach an agreement that also aims to avoid double taxation.

In late March, the finance ministers of the two states signed a convention in this sense, but it is still not signed. Both governments face difficult issues such as control of German assets placed in Switzerland. A working group has also been mandated to expand the proposals and make findings in the fall.

Meanwhile, the convention is not in force, allowing Germany to put pressure on Swiss institutions. The spokesman for the German Finance Ministry wants yet reassuring: "We assume that the negotiations with Switzerland will continue to be constructive and to unfold in an atmosphere of mutual trust." He says they will, if successful, to "render obsolete" files using File Swiss bank clients stolen and resold.

The German technique is the same as that adopted in respect of Liechtenstein. In 2008, the Secret Service had bought a CD of stolen banking data, to 4.2 million euros. Having conducted several surveys, they managed to uncover many fraudsters, including the former boss of Deutsche Post, Klaus Zumwinkel. Under pressure, Liechtenstein was finally ratified an agreement on exchange of information on German assets located within the principality.

Kerviel admits to having produced false

17th June

Jerome Kerviel has expressly acknowledged on Wednesday before the Paris Criminal Court, have committed crimes (embezzlement, forgery and uttering, hacking into a computer system) against him and makes it run five years in prison. While it seeks to introduce a nuance that relates to his defense – "the bank knew everything."Still, after a long and detailed questioning of the court, the president Dominique Pauthe and his two assessors, perfectly complementing the former trader at Société Générale could not dodge the onslaught of the Crown.

The prosecutor, Jean-Michel Aldebert, head of the financial section of the floor, asked him: "Have you created fictitious transactions to mask losses or gains?"

Jerome Kerviel: "Yes, Eliot [note: the computer system available to all].

-Have you provided false explanations to your hierarchy?

Non-credible explanation, yes.

Have you crafted fake e-mails?

Yes. "

But the magistrate, silhouette dry, sharp profile of a bird of prey, hushed tone, did not finish.He comes back three days during which, in early 2008, the montages of the trader-delusional about 50 billion euros pledged not covered market that will drive 4.9 billion of losses-have been uncovered: "During the week weekend of January 18 to 20, you do nothing to help the Societe Generale. Why?.

Jérôme Kerviel: "On Saturday the 19th, I was asked only about 1.9 billion that had won in 2007. I was impressed, intimidated, stressed by the officials that I had never seen …

-You sound like a person telling police custody on drugs! You had positions totaling 50 billion, why do not you say?

"It was not the topic this time bad credit payday advance. I answered the questions on the 1.4 billion point.

A few minutes earlier, the accused had replied on the same theme to questions, subtly, by Judge Virginia Tilmont. Especially this one: "Did you feel that challenge the system?"

Jerome Kerviel: "Absolutely not. In trading rooms is a little stash of national sport [note: some of its activities]. Everyone does, I perhaps more than others, but I tried to bring the most money in the bank. " A good little soldier, somehow, even if his methods were not always orthodox.

The boom is fully stretched to their consideration that Mr. Metzner. The lawyer for Mr. Kerviel comes out of his sleeve-mail dated Dec. 17, 2007, from the time his client has 1.4 billion euros and is preparing to invest 50 in the disastrous conditions that known.This email is signed by a certain Raymond Bunge supervisor Claire Dumas, who represents the SocGen this trial. It reads: "Good soldier must learn to disobey more out of the box".

Mr. Metzner Jerome Kerviel: "It reminds you what you asked?

The accused, not surprisingly, all smiles: "Yes."

So what if, as noted by Ms. Dumas, that assessment involved an employee of the department, which had no time to play with the funds lost money from his employer. What matters, after the wrong time spent by Jerome Kerviel, is having the last word. Jean Veil was understood that launches the formula fetish Mr. Metzner: "We agree. And for the first time, the bank puts the laugh on his side. In CHIP is a trick for the defense.

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European industrialists are rich in carbon credits

3rd April

The crisis is good for the atmosphere! Figures released Thursday by the European Commission confirmed. In 2009, 12 569 industrial facilities belonging to the EU subject to a quota system for carbon dioxide (CO2) emissions have seen their greenhouse gas emissions fall by 11%.

Main reason for this improved environmental performance: the recession. Manufacturers must report annually their copy in Brussels on March 31, that provide estimates of their emissions of CO2 duly verified. Crisis forces, thousands of factories have emitted less tons of CO2 that the annual ceiling that has been allocated for the period 2008-2012.In other words, "there is a huge surplus of allowances," says Emmanuel Fages, an analyst at market CO2 Orbeo, a subsidiary of Societe Generale.

When the allocation of quotas by country and by industry, by 2008, some sectors have been able to negotiate generous limits, said Emmanuel Fages. This lobbying coupled with the crisis allowed them to return today holders of "carbon credits" worth tens of millions of euros, they may at their discretion to sell on the market. Thus, preliminary analysis of 12 569 lines of picture released Thursday in Brussels, European steelmakers (including mining) are left with 93 million tonnes of CO2 "in his pocket." In the spot market price on the spot exchange BlueNext Paris (12.65 euros a tonne on Thursday), this represents 1.17 billion euros of Treasury.The cement for their part have 53 million surplus allowances (670 million) cash fast now. As electricians, they have instead passed their overall ceiling of 100 million tonnes of carbon they will buy on the market.

In France, among the 1 118 facilities (power plants, boilers) subject to quotas, ArcelorMittal, with its two plants Gandrange and Mediterranean, has a surplus of 2.9 million tonnes, 36.9 million treasure euros at market prices. Ten plants of Lafarge cement totaled 1.3 million tons, 16.9 million euros.

In the automotive sector, emissions of four plants Peugeot-Citroen reflect the depressed activity. PSA has a credit of 138 000 tonnes.Even Disneyland in Marne-la-Vallee, low emitter of greenhouse gases but nevertheless subject to quotas liberates carbon credit of 3 650 tonnes. The raw data do not explain the case of crisis or the effect of efforts to produce heat and electricity more green.

Should we expect massive sales of CO2 by companies tempted to rake in cash, and thus a decline in the price of carbon on the European market? Although official figures for CO2 emissions, one indicator of demand for this very special market, falling only once a year, and analysts expect the industry. "There is therefore no surprise," says Emmanuel Fages. "We do not wait more sales," says the analyst Orbeo.

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China boosts household growth

3rd April

Ever. When China publishes a number, it rarely falls in the half-measure. The purchasing managers' index, which measures both new orders and industrial production, released Thursday, has gained 3 points in March according to official statistics (55.1). It is at its highest level since its inception six years ago.

China, which is expected to announce an increase of 12% of its GDP (gross domestic product) in the first quarter, beating all records, remains the leading exporter, ahead of Germany (1 202 billion last year), but , surprise, it also consumes.

It will, if one believes his prime minister, Wen Jiabao, a deficit in its trade balance of 5.9 billion euros in March, the first since April 2004. This dip is due to the explosion of imports. They had increased from 85.5% in January. They still grew by 44.7% in February.Oil, coal, but also high technology products and luxury goods. That is what the government calls "accelerating change our mode of economic development.

The recovery plan 4 000 billion yuan (432.7 billion euros), launched in late 2008, that does not fund major projects. It also subsidizes purchases of appliances, cars, farm equipment. Thanks to him, retail sales rose 15.5% last year.

China has become the biggest car market before the United States. It is also the second customer of Bordeaux wines, after the European Union. Its purchases of gold are expected to double in the next decade, according to the World Gold Council cash advance no faxing.

The scourge of inflation

"The Chinese consumer spending weighs only 35% of the country's GDP, over 50% against the rest of Asia and from 60 to 70% in most OECD countries (Organization for Economic Cooperation and Development economic), "notes a recent study by Nomura. But she sees four reasons to explode: the growing appetite for Chinese goods as durable and as their wages increase, the expansion of cities in central and western countries, the development zones rural and the need to increase the share of services "which represent only 40% of GDP against 60% to 80% in high-wage economies."

But Beijing must first curb the twin evils. He needs to control inflation at 2.7% in February was the highest for sixteen months.For the first two months of the year, consumer prices rose 2.3% while retail sales increased by 17.9%. In Shenzhen, near Hong Kong, the square meter of land is sold 2 000 euros! China should also reduce the social divide. Urban residents earn 3.3 times more money than the people of the country, against 1.8 times in 1983.

Only the introduction of a real system of social protection for all allow the government to persuade households to save less to pay their pensions, their routine care, education and children to consume more.

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Europe meets the world worries

25th March

EU leaders, meeting Thursday and Friday in Brussels, bend at the head of Greece and the world is watching. Sign of the attention paid to the euro area this week, the U.S. central bank, the rating agency Fitch and the central bank were all in their own way, trying to put pressure on European capitals.

Most recently, the deputy governor of the central bank of China, Zhu Min, criticized hollow inaction of EU leaders in the Greek case. "I do not think that Greece will go to bankruptcy because it is relatively small," he said in Hong Kong Thursday morning. "But we see no decisive action that would send a signal to the market saying:" We can solve this crisis, we can stop it. " The market remains very volatile. "

And prevent the problem is not confined to Greece."Greece is a case, but this is only the tip of the iceberg," he said. "The main concern today is obviously Spain and Italy." One way to remind Heads of State and Government meeting at the European Council that it is time to extinguish the fire fast cash without a hassle . The rating agency Fitch has in turn worsened the note of Portugal on Wednesday, highlighting the structural weakness of the country.

The fear of a "great shock"

The United States also expressed concern earlier this week when European inaction. For the first time a director of the Fed, the U.S. central bank, has publicly worried about a contagion of the crisis in the Greek American economy.He said such fear at worst "a big shock in financial markets" could occur "as a general movement of withdrawal [investors] the debt market states. A particularly alarming prospect as the United States have more need than ever to issue debt.

"These statements sound like a call for decision making at European level" analysis Natacha Valla, chief economist at Goldman Sachs. Ultimately, "this crisis, caused by a small country like Greece, is amplified by a bad reason: the failure of European authorities to take a decision."

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Lyon: a qualification to 5 million euros

12th March

OL-Real Madrid: the issue was not an athlete – a qualification to the quarterfinals of the Champions League the club Lyon has reached more since the 2005-2006 season – but also economic. According to figures published by Footbiz by winning this meeting, Lyon will garner 5 million euros, plus 27 million euros allocated to clubs qualified to the quarter-finals of the Champions League.

These 5 million represent about 4% of annual sales (-10.3%) of Olympique Lyonnais, which amounts to 139.6 million euros. By comparison, Real Madrid shows a turnover of 401 million euros (+9.7%).The $ 5 million includes 3.3 million premium paid by UEFA for a qualification in the quarterfinals, 1.2 million euros in revenue stages, and between 0.2 and 1 million euro TV rights.

Also according Footbiz, Lyons would have received between 21.9 million euros and 22.3 million euros in case of defeat against Real Madrid, barely 5 million euros less than in case of qualifying cash advance now .

Suffice to say that these 32 million are extremely timely in the coffers of the club chaired by Jean-Michel Aulas. Lyon has seen its half-year loss widened to 8.7 million (against 2.4 million euros over the period 2008-2009).

Conversely, it is for the Real Madrid club the richest in the world, a crushing defeat as sports – the Madrid club has not reached the quarterfinals of the Champions League for 6 years – economically. The club chaired by Florentino P?rez has spent the last year 250 million euros to take a quick one, Brazilian Kaka (65 million euros), the French Karim Benzema (35 million euros) and Portugal's Cristiano Ronaldo (94 million euros). The failure is even more important than the final of the Champions League will be played at … Madrid at the Santiago Bernabeu.

Wall Street ends week up

6th March

The U.S. stock markets ended the week on a sharp increase at the end of the session.

Already indices had opened on Friday on the rise, boosted by employment figures less bad than expected. The United States has in fact lost 36,000 jobs in February than in January and the unemployment rate the country has remained stable at 9.7% this month, according to the official report on employment released on Friday, while analysts expected a decline.

Then at 21 pm on consumer credit showed an increase of 4.96 billion dollars in January in the United States, its first increase in a year and the strongest since my mid-2008, the Federal Reserve announced Friday . In December, the credit had decreased by 4.57 billion.

In the end, the Dow Jones advanced 1.17% at 10,566 points, boosted by Alcoa (+3.2%, to 13.86 dollars), Boeing (3.74%, to $ 68) and American Express ( 3.32%, to 40.18 dollars). The Nasdaq rose 1.48% to 2326 points, while Apple announced that the iPad will be available April 3, and the S & P 500 of 1.40% to 1139 points, buoyed by the telecommunications industry.

U.S. investors have also noted the announcement by the Chinese premier who has promised a 8% growth for China this year.Thursday, Wall Street closed higher on a comfortable, supported by bearings recommendations.

On the New York Mercantile Exchange (Nymex), a barrel of light sweet crude for April delivery tE, P4ermin? to 81.50 dollars, up 1.29 dollars compared to the previous day.

As for currencies, the euro fell sharply Friday against a dollar backed by the release of employment figures in the United States, and reassuring the operators on the strength of the recovery of the world's largest economy guaranteed approval cash loans .

General Growth resumed its ancient symbol

Among the increases to retain this Friday, Exxon Mobil (1.67% to 66.49 dolalrs) Chevron (1.74%, to 74.35 dollars) and JP Morgan Chase (2%, to 42.76 dollars).

Remarkable progress, that of InterMune, which soared 59.4% to 23.29 dollars.The regulatory authorities have indicated it will review its drug for pulmonary fibers.

Microsoft (-0.14% to 28.59 euros): the software giant said Friday it would stick to its strategy of developing the market for search engines in China, whatever the outcome of Google dispute between the Chinese government.

Blackstone (+3.77% at 14.86 euros): the investment fund is hoping to complete an initial transaction in Australia this year and also studied business in Japan and South Korea, each operation may be about 100 million dollars, said an official with the group.

Marvell Technology Group (+1.39% at 20.41 euros): the chip maker reported a 64% increase in its turnover, thanks to a recovery of expenditure within the sector, 842 5 million dollars against 842 million expected on average.

In addition, General Growth: The title of the second American owner of shopping malls start to be traded on the New York Stock Exchange under its old symbol GGP3 "while the group is still under bankruptcy.

Toyota is raising its earnings forecast

4th February

The Japanese auto giant Toyota, which passes through an unprecedented crisis due to the increasing security challenges in several of its models (the Prius brakes, booster car in the world) announced Thursday returning to profit in third quarter 2009-2010. The manufacturer nippon even raised its financial forecasts, while the annual cost of reminders should cost him between 1.3 and 1.4 billion euros.

For the three months from October to December, the world's largest automaker has made a net profit of 153.2 billion yen (1.16 billion euros), against a net loss of 164.7 billion a year earlier .Operating income from Toyota is also back in the green, with a profit of 189.1 billion (1.43 billion) instead of a loss of 360.6 billion for the same period of 2008-2009 for a turnover up 10.2% yoy.

The company said it now expected to conclude its 2009-2010 fiscal year with a net profit of 80 billion yen (610 million euros), whereas previously it expects a net loss of 200 billion payday advance . The operating loss year should reach 20 billion instead of 350 billion expected previously.

We have revised our forecast for 2009-2010 due to factors such as rising sales and cost reductions in all directions, "said in a statement the Executive Director Takahiko Ijichi Toyota."And our emergency plan to increase our profits grew faster than expected," he added.

Toyota said Thursday that the recall of several million vehicles worldwide due to problems of accelerator was going to cost between 170 billion and 180 billion yen (between 1.3 and 1.4 billion euros). The cost of the recall itself should reach about 100 billion yen, and the costs of declining sales that followed between 70 billion and 80 billion, said during a press conference the Chief Executive Toyota Takahiko Ijichi.

At the Tokyo Stock Exchange, Toyota shares ended Thursday on a further drop of 3.52% to 3280 yen. Since January 21, the group's market value has shrunk by almost 22%.

Vivendi and General Electric agreed to on NBC

1st December

The NBC drama could soon be over. The Wall Street Journal, the two groups would be heard on the recovery of 20% stake in French group NBC Universal. This would be valued at 5.8 billion dollars. Consequently Cap: title Vivendi opened sharply higher on the Paris Bourse, where the action took 2.87% to 19.74 euros at 9:30.

An agreement General Electric Comcast close

The source quoted by the New York newspaper, that outcome would be consecutive to meet Jean-Bernard Levy, Vivendi's boss, with Jeffrey Immelt, the strongman of General Electric in Paris last week. The talks stumbled earlier on the amount of participation. Vivendi wanted $ 6.1 billion, while GE did that gave 5.6 billion dollars.

The question of how the transaction also blocked, Vivendi wishing to be resolved immediately.This prevented the American group to sell the following Comcast's majority stake in NBC Universal. After such an agreement, Comcast would become 51% shareholder of the company.

For Vivendi, the new money is welcome. The group is expected to cover the cost of the recent acquisition of the Brazilian carrier GVT $ 4.2 billion.

The Brazilian GVT falls into the hands of Vivendi

The model Vivendi proves his strength to face the crisis