Credit Agricole's profit drops 75%

11th May

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Officials: workforce stabilized

8th May

 

The election of Francois Hollande, Sunday marked the end of one of the major political acts of the quinquennium of Nicolas Sarkozy, the non-replacement of staff on two retiring. A policy that led to the elimination of 150,000 jobs in the State Civil Service from 2008 to 2012.

The socialist president wants to create the contrary, under his five-year, 60,000 positions in 5000 and National Education in the police, gendarmerie and justice. These recruitments will rise gradually in charge. But as from September 2012, Francois Hollande affect 1000 additional teachers in French schools. However, the new president said he would not increase the total number of state officials in the next five years.

In light of new posts in the Education, Interior and Justice, the stabilization of the workforce including the abolition of jobs elsewhere. The entourage of Francois Hollande said that the army has already planned to reduce its workforce by 8,000 jobs per year and that is enough to "find" to delete 5000 jobs per year in other departments. And also to emphasize that there are 60,000 jobs in duplication between state and local governments.

Officials should not expect a boom in terms of pay. Francois Hollande promised to quickly organize a conference with social service unions, but also announced it would not be possible to do everything at once. Encrypted program also provides for a stabilization of the payroll of the state. Officials saw their index point, which is the basis for their compensation, frozen in 2011 and 2012. This is likely to last.  

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Buffett dispelled the concerns of its shareholders

6th May

 

This visit was highly anticipated. A month after announcing he was suffering from prostate cancer, multibillionaire Warren Buffett met this weekend's 40,000 shareholders of his holding company Berkshire Hathaway in Omaha, in the U.S. state of Nebraska, where he lives since 1956. Saying "in shape", he has worked hard to reassure his health. The investor of 81 years and has participated in a competition to launch newspapers in the corridors of CenturyLink Center, before pushing the song with the cheerleaders from the University of Nebraska and an ice cream with gusto low interest rate personal loans. "I have four doctors, several of which are shareholders of Berkshire Hathaway," he has said, in response to a question at the general assembly, whose key exchanges are transcribed on the site of CNBC. He reiterated that his treatment, which induce "not a single day of hospitalization," would not prevent him from working.

The investor of 81 years aparticipé a contest to launch newspapers in the corridors of CenturyLink Center.

Benetton boss hands over to his son

23rd April

 

Benetton where history repeated scandals. There are a few more months, in November 2011, the Italian firm made history again by launching it's ad campaign "UnHate", featuring heads of state kissing easy to get unsecured personal loans.

Alessandro Benetton, son and heir to his wife in 2006 in Venice.

The euro area concerned new markets

30th March

 

500, 700 or 1 trillion? The euro area has an appointment this Friday in Copenhagen for the latest additions to its financial firewall and anti-crisis to its arsenal, while the political fatigue sets in Europe against austerity.

The divisions that have come to light between Paris, Berlin and Brussels on the future size of the bailout fund serious concern to markets, while in bad times, according to the OECD. Thursday, the Milan Stock Exchange fell 3.30%, that of Paris lost 1.43% and the euro retreated to $ 1.32.  

After months of negotiations, the seventeen ministers of finance of the common currency must agree on how the European Stability Mechanism (MES), the permanent emergency fund that will begin to relay the temporary established in 2010 .

The lending capacity of the firewall, initially set at 500 billion, will undoubtedly raised to 700 billion or more through a tardy concession of Germany, the main funder. For their part, the European Commission, IMF, OECD and France, through the voice of Baroin, grow to a figure of around 1 trillion.

Haggling

But setting this ceiling, watched by the markets, is largely theoretical. The ultimate capacity of loans depends on the leverage chosen, from a capital contribution set at 80 billion, for all seventeen countries. It also depends on the timing of national inputs, the speed of repayment of loans and additional committed instant payday loan lenders. In practice, the total actually available would increase from 250 today to 500 billion in the summer of 2014, according to internal documents.

The other unknown in Copenhagen is the estate of Jean-Claude Juncker, for seven years as head of the Eurogroup. The German finance minister, Wolfgang Schäuble, appears as a favorite difficult to unseat. But several factors could delay his consecration. Other seats are vacant at the European Central Bank (ECB), the EBRD (European Bank of Development) and the MES, and the capitals hear bargain their support. In France and Greece, the decisive elections also prohibit release too fast or too openly extra power in Berlin.

Among all these bargains is a reluctance on course to be risks that creep. Except Germans, Europeans impatient with an austerity too severe. Spain is a general strike and Portugal still struggling to finance its debt, despite EU support. Ireland hopes to win the support of the ECB to deal with an immediate deadline. The Netherlands, once model of rigor, in turn sink into an endless government crisis against a backdrop of budget cuts emergency.

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LD Lines under control of a Danish group

28th March

 

The giant Danish DFDS and the French Louis Dreyfus (LDA), owner of LD Lines, have finally announced the birth of their joint venture that will operate five ferry routes between France and England (Dover-Dunkerque Dover- Calais, Portsmouth to Le Havre, Dieppe, New Haven) and between France and Tunisia (Tunis-Marseille). LD Lines line between Saint-Nazaire and Gijon, Spain will not belong to the joint venture.

Last year, the two partners were involved in a bid to take over Sea France, the SNCF subsidiary whose termination of service was delivered in January. But the offer was violently rejected by the unions.

1160 employees in 2013

Since LD Lines, in partnership with the Danish DFDS, has two ships on the Dover-Calais line, previously operated by Sea France no teletrack payday loan. This is a new step, predictable, but that was difficult or impossible to implement at the time of the attempted rescue of Sea France.

The joint venture will be owned by DFDS 82% and 18% by LDA. Officially launched on July 1, she will manage nine ships. DFDS those under the British flag and those of LD Lines under the French flag. "It is not intended eventually to operate under a single flag, says Christophe Santoni, the CEO of LD Lines. For reasons of social or commercial, we retain the two pavilions. "In 2013, the ferry company expects to achieve a turnover of 276 million euros. It will employ 1160 people in total.

Orangina finally in Japan, its new shareholder

26th March

 

After winning the Vietnam Gabon, Orangina part in the conquest of his adopted country. The famous drink in the pulp will be launched Tuesday with great fanfare in Japan, Suntory's home country, flying Orangina Schweppes since 2009. His arrival had been delayed because of the tsunami. "It will be the launch of the year for Suntory, who wishes to take a leading portfolio of brands in Japan," says Jean-Jacques Fredj, director general of international brands to Orangina.

The famous bottle had to undergo a facelift. Its silhouette has become more slender. Least to stick to local standards of beauty that to be linear in the size of the 40,000 supermarkets in the country. Dressed in blue and yellow, it will be sold in plastic bottles of 420 ml. We also find in the small can (280 ml) in a vending machine on eight, where the Japanese are buying prepared foods, cigarettes or lattes.

If the recipe has been adapted to industrial requirements (ingredients, temperature …) and Japanese regulatory, his taste remained nearly identical. It should surprise the consumer, more used to citrus drinks without pulp.

"French touch"

As the Japanese tend to be wary of imported products, Orangina Schweppes recall on the packaging that the drink is made and bottled on site, from a concentrate from Europe free 3-in-1 credit report.

In this country Francophile, Suntory bets on the French touch – tricolor on the bottle to support – to attract young adults, fond of novelties. Orangina has emerged including posters from the 1950s Villemot, where we find the famous umbrellas orange zest.

Suntory, who made 17 billion euros in turnover in 2011, has no room for error. On this huge market of 35 billion euros, the group, number 2 local, knows that the first two months are critical. "This is a very demanding market where rotations dictate the future of a product, especially in convenience stores, said Jean-Jacques Fredj. Sold 15% more expensive than other sodas (1.30 euro per bottle), Orangina will make its way alongside the brands Coca-Cola.

With this launch, Suntory would also demonstrate the successful integration of Orangina Schweppes. Luis Bach, his boss, just joined the board of the Japanese group. A first for a non-Japanese. After Orangina in Japan, Suntory could also continue to introduce on the Old Continent other Japanese brands as its V energy drink, already available in Spain.

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A small subcontractor attacks BNP Paribas

18th March

 

When David attacked Goliath … The BFD software company, building on its 4 million euros in annual turnover and its 37 employees, went into battle against BNP Paribas, which displays 6 billion euros of profit on the clock. According to Le Parisien, she accused the banking giant to have poached one of its engineers in order to terminate a subcontract of 900,000 Euros. The story began when BFD, who worked for three years developing a computer program to BNP Paribas, has suddenly learned earlier this year that this contract would not be renewed. But Philip Michelin, the boss of the company, ensures that negotiations were on track. "I had even planned to mobilize more than five employees on this issue," he tells Le Parisien. Finally, it has laid off four people.

Bad news never comes alone, the boss of BFD was later discovered that one of its best engineers left him to join the ranks of BNP Paribas. Strange coincidence: the employee, who worked for the computer company for twelve years, was supervisor of the BFD program that developed for the bank, called Easy Doc, whose purpose was to enable employees to share their knowledge. "He knew by heart the project. If BNP Paribas has poached is to continue development of Easy-Doc is from our services, "protested Philip Michelin. Sickened, he adds that this hiring is even more "unacceptable" that the contract between BNP Paribas and BFD included an "opt-poaching".  

BFD, which further argues partnerships with other major banks like Societe Generale, Natixis, Credit Agricole and HSBC, does not stop there. The company complained to the High Court. Bailiffs have made a seizure of computer equipment, February 1, the antenna of Montreuil, Seine-Saint-Denis, BNP Paribas. "We are looking for emails that could prove that the bank has canvassed the employee," says Philippe Michelin daily. BNP Paribas, meanwhile, declined to comment on "a judicial proceeding."

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Employees of SocGen are aggrieved by the Kerviel affair

11th March

 

The Kerviel affair did not end annoying Societe Generale. While the appeal of Jerome Kerviel should be held next June, a new legal developments oppose the bank Tuesday to four of its employees. These employed a center of Marseille succession management demanding 15,000 euros in damages to their employer, Societe Generale, for the moral prejudice they suffered as a result of the Kerviel affair.

Since the discovery record losses in 2008 – 4.9 billion euros – earned by the former trader, these employees claim to be the subject of "jokes" from their customers, some having been until the deal with "thieves," said their lawyer, Richard Daniel. "These taunts lasted for months, at least until the first trial of Jerome Kerviel in 2010," he says. The employees would like to see these inconveniences recognized by the justice and compensation. A hearing is scheduled next Tuesday in the morning before the 6th Civil Chamber of the Tribunal de Grande Instance of Nanterre.

SocGen cleared

In the first trial of Jerome Kerviel in October 2010, two employees were already in civil proceedings. Also represented by Daniel Richard, they had managed to gain recognition by the judge moral prejudice "against the deleterious working conditions" resulting from the incident, and "threats" that it "poses to their career prospects. " At the time, the former trader was sentenced to compensate up to 2,500 euros each, plus 4.9 billion euros due to Societe Generale.

Mr. Daniel Richard had immediately called the bank to take the money for its support. "The bank must answer for his own faults: he was convicted July 4, 2008 by the Banking Commission for the serious flaws in its internal control system. Societe Generale would do well by doing this spontaneously compensation ", potentially involving every employee in contact with customers, he argued in October 2010. For the bank, completely cleared at trial of the scandal Kerviel, such a decision would create a precedent difficult to manage.

At the trial of Jerome Kerviel, the lawyer had failed to take the responsibility of the bank financial loss suffered by the employee shareholders of the group, linked to the loss of their holdings on the merits corporate savings. In 2008, SocGen's share price has lost more than 60%. "That damage can not be interpreted as a direct consequence of the facts," the judge had ruled.  

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Preference goes to French cats

4th March

 

The French prefer cats to dogs. This is what emerges from the latest survey by TNS-Sofres on behalf of Facco (Employers' Federation of manufacturers of prepared foods for dogs, cats, birds and other pets).

The number of cats is increasing (923,000 in 4 + years) to reach today 10.96 million topics at the expense of the dogs. The strengths of these are still in decline (- 488,000 in 4 years) and amounted to 7.59 million.

However, this view does not reflect a lack of love for the canine species from the French. It is rather an awareness of the responsibility that owning a dog that would be the main reason.  

Masters of free and responsible

Masters of increasingly responsible if one judges also by the rate of sterilization and that the investigation highlights that increases steadily year on year to 32.5% of the total population of dogs (or + 3 points compared to 2008) and 74.2% in cats (+ 2 points).

18.3% of non-dog owners believe that it can cause "problem when they go on a weekend or holiday." This may explain why the small breeds, the "boilerplate" are increasingly the coast.

The investigation revealed that Facco "dogs live mostly in homes of average size [in] rural areas, in houses with gardens. There are more often than in the past someone at home during the day. Cats, they are found mostly in medium-sized families living in rural areas in houses with gardens. "

The other reason cited for not acquiring a dog is "the commitment it represents over several years" for 11 no fax payday loan.8% of respondents.

Older, supposed to have more time, not "crack" not easier for a dog. The survey observed an underrepresentation of the age group over 55 years. "This age group made up largely of retired, healthy, and with a comfortable purchasing power, is a traveling public, which focuses on outdoor recreation and is therefore looking for a flexibility, "note the analysts Facco.

Cost and maintenance: a pattern little mention

And although some purebred dogs reach very high price to buy (up to 4000 euros), as also the care and maintenance budget is also taken into account, provided, "the cost of acquisition and maintenance of the animal is not a discriminating factor as a result of non-possession is cited as most important by only 2.9% of non-owners, "notes the survey yet. 

The maintenance cost to maintain healthy animals do not appear as a brake, it is also parallel to remind the French are only about 4% to ensure their pets by taking out a contract for Animal Health allowing reimbursement of veterinary fees for accidents or illness.

A rate that is struggling to "take off", France accused in this area lags behind compared to the UK where the rate of health insurance for 30% of animal owners, and … 80% in Sweden.

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