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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BP: Abu Dhabi reluctant to invest

11th July

The quest for investors to be difficult for Tony Hayward, BP's boss. According to the special edition of the newsletter Middle East Economic Survey (MEES) to be published Monday, the emirate of Abu Dhabi would be reluctant to invest in the oil. The richest emirate in the federation of the UAE would not be accountable to the U.S. Department of Justice, which wants to want to be informed of any transfer of assets from BP. The Sovereign wealth fund Abu Dhabi Investment Authority (ADIA), became in 2007 the largest shareholder in Citigroup, is already in full court battle with the giant American banker whom he accused of fraud.

If the information is confirmed, it would be a setback for Tony Hayward, last Wednesday, went to Abu Dhabi, to convince the influential Crown Prince Sheikh Mohammad bin Zayed to buy 10% stake BP.

Abu Dhabi, however, may "want to take stakes in certain assets of BP in the region, but provided they have no problems with the U.S. Department of Justice," says MEES.

Leverage counterparts

In addition to the SWFs in the Middle East, BP tries to seduce her American counterparts. According to the Sunday Times this Sunday, the tanker is currently in exclusive negotiations with the U.S. Apache Corporation to sell up to $ 12 billion of assets, including its share in Prudhoe Bay, Alaska, the largest field North America. Apache, which is worth 29 billion dollars in stock, has already signed with BP repurchases in the past.But this operation would be of a different scale: Prudhoe Bay produces 390,000 barrels per day, or 15% of the production of the North Sea.

The partners in the field of BP, Exxon and Conoco Philips, will certainly have rights of first refusal on the part of BP. This dernierpourrait allow them to buy if they offer the same price Apache. The Sunday Times also understands that the U.S. government would have allowed Exxon to study a possible takeover of BP.

The Sunday Times added that BP would also soon sell its 60% interest in Pan American Energy, a producer in Argentina. The acquisition of this share worth $ 9 billion Chinese CNOOC and try the Argentinian Bridas. BP is also expected to sell various other assets, including its activities in Venezuela and Colombia, worth one billion dollars, as well as those in Vietnam, a similar value.

The government is continuing its investigation

All these operations are part of the constitution by BP to a reserve fund of 20 billion dollars (15.8 billion euros) pledged U.S. authorities to ensure the cleanup costs and damages associated with the tide black.

So he has launched an operation which is expected to completely contain the leak, BP is still feeling the pressure from U.S. authorities. The Justice Department has announced that Sunday, through the voice of Minister Eric Holder would continue to investigate the causes of the spill that pollutes the Gulf of Mexico from late April to determine whether to proceed with indictments.

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Pernod Ricard, the results are the party

30th April

Pernod Ricard is pleased to announce on Thursday morning, up 14% of its turnover in the third quarter of fiscal shifted to 1.54 billion euros. And rise at the same time, prospects for the entire year.

"The title should respond by increasing", predicted the analytes Natixis SecuTire this morning before the opening of the Bourse de Paris, describing the rehabilitation objectives of the company as "clearly good news." Indeed, the Pernod Ricard shares climbed 3.7%, to 65.3 euros in early trade on the CAC 40.

"The strong performance was boosted in part by favorable comparison bases and technical effects. However, this publication shows significant signs of recovery, "entrust strategists.

In home counseling Aurel, who published a note on Thursday on the group, expectations are "substantially" exceeded.The revenue expected by the consensus of 1.4 billion euros. Aurel immediately raised its target price on the value of 52-58 euros (recommendation to "hold"). Wednesday evening, the Pernod Ricard are already mounted by 2.7%, and quoted at around 65 euros. A true performance against the Wednesday meeting.

Current operating profit seen up 3%

According to the explanation of the group, good sales were due to a "strong consumption growth in emerging economies, improved conditions in some key markets like the United States and Russia, and the effects of destocking and shifts of Easter and Chinese New Year.

Pernod Ricard has therefore decided to revise upward its outlook for its fiscal year 2009/2010 with organic growth of around 3% of operating profit, at the top of the previously announced target range of 1% growth in 3%.

Debt restructuring

Last March, the company headed by Pierre Pringuet announced its successful bond issue for $ 1.2 billion. The group's debt of wines and spirits reached 10.3 billion euros at December 31, 2009.

The world number two, whose brands Chivas Regal whiskey and Havana Club rum – among others – make its fame, has set a goal to balance "progressively" 50/50 funding between bank loans and bond debt, d by 2013.The division is currently 25/75.

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Danone defends health strategy

22nd April

Although the group had to give up highlighting the claimed benefits for the health of its flagship products such as Activia and Actimel, Danone stood firm Thursday on the group's strategy of focusing on "health through diet.

"We believe that health is more important to the consumer and that Danone will play a role in this development," said Bernard Hours, Deputy CEO, on the occasion of the General Assembly of shareholders.

A meeting is scheduled for June 1 with the EFSA.According to Franck Riboud, Chairman and CEO of Danone, "everything is a question now of adjustment" with the European Constable know what he can say.

Meanwhile, "not to take risks, we preferred to remove the folders to find themselves confronted with a" no "because it failed to respond to what we were asked," Did he admitted.

For him, Actimel "is a battle, it's serious." "Children are less time away from school," he said.But the question is "how to translate that into something that can be dire.

On the sidelines of the meeting, the group confirmed it will pay a dividend of 1.20 euros per share, including dates of posting and payment are respectively the May 4 and May 7, 2010.

Danone has published April 15 last, a quarterly revenue rose 7% to nearly 4 billion euros.

At the close of the Paris Bourse, the stock has lost 0.67% to 44.77 euros in a market down 1.33%.

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Greve SNCF wants to better inform users

14th April

In an interview on RMC Info radio on Wednesday morning, the president of the SNCF, Guillaume Pepy announced three measures to better inform customers of the railway, victims of disruptions caused by the strike now in its eighth day.

SNCF undertakes to publish on Friday on its website and in the press, the list "train by train those who ride or not" for his customers are accurately informed about the conditions of their journey.

Another point, there will be more bookings on the main rail-route to the south-east, that is to say where the strike is the most followed. However, the reservations already made will remain valid.Guillaume Pepy has finally announced that there will be "measures of reimbursement for customers affected by the strike, but the details will be given after consultation with associations of users.

Do not give "bonus to strike"

Guillaume Pepy said also do not want to negotiate with the strikers saying only that "it is simply a bonus to strike from the premium to trading." Indeed, the two unions on strike, the CGT and the South have made the request a separate negotiation.Also it is "optimistic" about the round table proposed by management to all trade unions on April 21.

He also stressed that the minimum service was "pretty well" and that "all trains that were scheduled have been circulating," welcoming "the 96% of railway workers", they "were stoned for the past eight days to protect our customers maximum.

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30% of managers will not increase their employees in 2010

26th March

2010 may not advertise more gratifying that the 2009 pay plan. According to a study released Thursday by the auditing firm Grant Thornton, * 30% of French business leaders are planning not to increase any of their employees this year. France may yet consider themselves privileged compared to other countries like the United States, Ireland or the United States, where the change is even more radical one year to another: 40 % of U.S. companies do not want to increase their employees in 2010, against 15% in 2009!

While employees are still more than last year, pending revaluation salary, "2010 should be even tighter than in 2009" predicted Pierre Le Gun?hec, business manager, global compensation consulting at Hewitt France. "In 2009, companies are aware of the seriousness of the crisis once and within budget.In 2010, they will reflect "said he.

Increases of 2.6% on average

Caution should therefore be in order. The latest forecast made by Hewitt anticipated increases equivalent to 2.6% on average, against 2.9% last year. "The current economic fragility leaders to take caution," said Jean-Jacques Pichon, partner at Grant Thornton. "It seems that leaders prefer to remain vigilant and keep their employees, even without the increase, rather than dismissing them," analysis does.

Employees do not understand, however, none of it."The challenge for companies is to overcome the high voltage generated by conflicting interests," said Pierre Le Gun?hec.

* A study conducted among a panel of 7,400 private companies across 36 countries, representing 81% of global GDP.

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The Paris markets dig their earnings

23rd March

A two-day European Council in Brussels, where investors await progress on measures of support provided to Greece, Paris markets should continue to remain cautious. At the opening, the CAC 40 Opens at equilibrium at 3927 points. On Monday, the Paris flagship index had already stabilized at 3928 points.

For now, the atmosphere seems to be tight in the countries of the European Union. The President of the European Commission, Jose Manuel Barroso had to bang his fist on the table to encourage the different European countries to agree on the mechanism adopted to help Greece.

As for values, the pharmaceutical industry will again follow after that, according to information from Figaro, Novartis has accepted the decision of the Ministry of Health to withdraw 50 million doses.Sanofi-Aventis fell by 0.71% to 55.93 euros

Seloger.com (+7.14% to EUR 27), who announced he would propose to pay for the first time a dividend of 0.33 euro per share, in the resume in 2010 with a double-digit growth of its business and profitability of payday loan lenders . Its turnover was up 1.9% in 2009 to 73 million euros and net income rose 3.9% to 17.7 million.

Audika (+1.18% at 26.51 euros), a specialist in hearing aids, plans to continue its growth in 2010 based on the dynamics of the second half of 2009, after a year of contrasts in terms of activity.

EADS (-0.40% to 14.94 euros): The North American subsidiary confirmed Monday the application for a postponement of 90 days from the deadline of May 10 to tender the contract had Replenishment of the Air Force.

Iliad (+2.56% at 76.49 euros) displays a turnover for 2009 of 1.954 billion euros, up by 24.9% including its subsidiary, Alice, and 1.619 billion euros up 3.5% excluding the supplier of broadband access. In addition, net income rose 75% in 2009 to 175,9 million euros.

The annual results of Havas and Meetic, after-hours trading, are expected on Tuesday.

When the office becomes a business

17th March

Submit a telephone number of young people living in small job and the homeless. Selling homemade chocolate while respecting the rights of producers of cocoa and employing people in rehabilitation. Eric Chatry, 42, associated with Francis de Pierrebourg, 34, and William Hermitte, 27, have one thing in common: they bring their expertise to the service contractor's office.

The first two have launched the Reconnect partnership that puts technology at the service of the poor and left behind. The third one created society Puerto Cacao, which has two shops in the 17th and 12th arrondissements in Paris.

Both projects are supported by the network Undertake Paris headed by Frank Hughes and chaired by Gonzague de Blignieres who is also chairman of the fund, Barclays Private Equity France.First association selected by the network, Reconnect has received a loan of Honor 25 000. Puerto Cacao 20,000 euros.

The three founders have followed a classic. Eric and William Chatry Hermitte graduate from ESSEC. Francois de Pierrebourg of the Institut d'Etudes Politiques de Paris.

The first worked for Danone, L'Oreal, McKinsey, LVMH. He changed his life and found volunteering in a nursing home for Catholic Relief homeless. The second was launched in the trade fair as it exits from ESSEC in 2006. The third familiar with the functioning of associations and social workers. He has been employed for 8 years of the SOS group is also involved in many drug addicts as ill-housed.

A socially responsible fund

All three have a common concern: they want to reconcile ethics and corporate social and economic efficiency.Eric Chatry which has received support from the State, the Ile-de-France, the Paris City Council and mayor of Bordeaux, is testing its new telephone service before launching a large scale. He circulated by associations that pays 10 euro per line per quarter. It creates a society that creates new services and new technology products for the most disadvantaged and filing patents. His research efforts could enable it to qualify as a young innovative company.

William Hermitte admit his difficulties to meet its commitments and requirements of investors who finance the development of its business.

Surfing on this new generation of social entrepreneurs, network Undertake Paris prepares to launch a socially responsible funds.This PIF "Value Undertake Ile-de-France" will take stakes of 50,000 to 300,000 euros in young companies winning network Entrepreneurship. "We want to mobilize investors by giving the honor to take the concept and entrepreneur," explains Gonzague de Blignieres. Investors in the FIP undertake to respect a very strict rule: they will not affect gains in companies which the fund has invested. These will support the operation of Entrepreneurship Network Ile-de-France. Further evidence that investors are willing to change the rules while refusing mere philanthropy.

A contract canceled for EDF Energies Nouvelles

12th March

EDF Energies Nouvelles, a 50% subsidiary of EDF, announced Friday in a statement, the cancellation of a contract to sell electricity to the United States. It Enxco its U.S. subsidiary has received its customer Indiana Power and Light (IPL) the cancellation notification on the proposed wind farm in Lakefield is currently under development in southwestern Minnesota.

EDF Energies Nouvelles, specializing in green energy, said IPL has decided to unilaterally terminate the contract without giving reasons while the latter had received January 27, 2010 the agreement of local authorities for its implementation.

Enxco studying the possible remarketing of the project from other companies and "the best way to assert his rights and prejudice"

The construction of this wind farm had not yet begun.EDF Energies Nouvelles ensures that this announcement will not affect its operational objective in 2012 nor his 2010 target EBITDA.

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Woerth defends decree on the mobility of officials

11th February

Minister of Budget, Public Accounts and Public Administration, ?ric Woerth formally on Thursday at the High Council of State Civil Service Decree controversial mobility agents.

LE FIGARO. – What this decree on mobility will he?

Eric Woerth. – Simply apply the law passed last summer after much consultation! For officials, it will provide real career paths: a government can no longer retain an agent who found a job that interested in another jurisdiction, and it will lose more pay or seniority changing job …

Meanwhile, we are reforming the administration in depth. Services are merged, computerization is progressing: the final positions disappear.For staff whose post was abolished, the law "mobility" obliges the administration to make them three real proposals and to train them if they need while maintaining their full salary. If he refuses, the officer may be placed on standby, after consulting the Joint Administrative Committee (PAC) which comprises unions. Three new offers made on it. If he still refuses, he may be fired after a new shift in CAP.

Unions speak of a "provocation" …

This is not a red flag, but rather a white flag! The future procedure is far less brutal than the current established by the Government Mauroy. When an item is removed today, the official must accept the first assignment given to him. If he refuses, he is regarded as having abandoned his post and removed frames. He loses his rights to unemployment benefits.The rule is so harsh that it is rarely enforced.

The administration therefore pays workers who no longer work?

Twenty layoffs barely held each year for this reason. So, yes, people – especially managers – are paid when their post was deleted. It is acceptable to anyone.

Officials fear being forced to relocate or accept a position unrelated to their skills. What assurances can you give them?

The nurse turned into a sports teacher, is a cartoon! The law provides that the jobs offered will reflect the professional competence of residence and family status of the official guaranteed payday loans . The employer must meet these criteria, with review of the Joint Administrative Committee. And the agent will always go to court if he believes violated the law.The law will be applied to the quality of offers but also the consequences of six straight refusal. I reject both the caricature and the angelic being official, it is a status with rights and duties, including ensuring continuity of public service.

Seven of eight civil servants' organizations boycotted Thursday's meeting. Is this a sign of social tension?

I will chair this meeting, open to everyone to come in today – the crisis, but also the regional approach. The dialogue, at least, remains friendly, dense and direct association between unions and me. The evidence we have signed several landmark agreements, the latter again in November on the health and working conditions. Six of the eight organizations have also signed in mid-2008, a major text that redefines the union representativeness and establishes the principle of majority agreement.A slot is provided for the Assembly in late March to transpose it into law. As for officers directly involved in the reorganization, some feel, it's true concerns. This is normal because we are real reform! For us to respond by taking better account of human realities and providing clear career prospects.

Nicolas Sarkozy spoke on TF1 tenure of contract. Will you work there?

We will settle the issue this year. There are normal situations: people with CSD because they meet occasional needs or those who have chosen a permanent, sometimes better paid than the incumbents. And there are clearly abusive situations: people with recurrent CDD or CDI "sustained" on sustainable positions for no reason not to be tenured. These are cases that we review.The challenge is both financially – these people are already paid by the state – human. We must especially see how their establishment may involve the recognition of their experience. It makes no sense to send them the same competitions as external candidates as they have been working for the State.

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