Archivio per February, 2012

Strong increase in separation amicably in 2011

The number of ruptures conventional employment contract rose to 289,000 last year, up 13% compared to 2010. Candidates are lining up a pile of resumes by hand at a job fair at the University of Virginia Tech in March 2009.

27,016 ruptures amicably were approved in December, up nearly 4% from the previous month and 13% compared to December 2010, according to the assessment updated in 2011 by DARES (Ministry of Labour ). In total, 288,988 conventional ruptures were registered throughout the year 2011, again a 13% increase over 2010. The rate of inadmissibility and for refusal are on their side remained stable (respectively about 3 and 6%). Since its inception, and nearly 770,000 are conventional ruptures that have been validated.

Iran denies refuse to deliver 500,000 barrels of crude in Athens

Iran on Sunday denied having refused to supply Greece 500,000 barrels of crude oil as part of retaliatory sanctions of the European Union related to nuclear program Tehran, reports the Iranian news agency ISNA.

"There were no changes in oil supplies from Iran to Greece or any other country. No change in our delivery schedule, "he assured Pirouz Mousavi, Director General of the Iranian Oil Terminals Company

. A little porridge ; t, another Iranian agency, Fars, had written that Tehran had refused to deliver 500,000 barrels of crude oil supposed to forward them on behalf of the company Greek Hellenic Petroleum refining

. An official of the company also denied that refusal. "This has nothing to do with us. All deliveries from Iran are normally, "he told Reuters

. Iran has stopped selling crude to companies British and French oil these days. Its oil minister warned on February 4 that the Islamic Republic would cut its oil exports to "certain" European countries.

France and Belgium agreed to combine MES and EFSF

France and Belgium have agreed on the need to implement as soon as possible the future solidarity mechanism in the euro area (MES) and its enhancement with the means of relief fund current the euro area (EFSF), it was said Friday a source close to the Elysee.

The same source, there were reports of an "identity of views" on these issues at the end of a one-hour interview at the Elysee Palace between Nicolas Sarkozy and Prime Belgian minister, Elio di Rupo.

"There is an identity of views on the need to implement the TSS as soon as possible and reinforcement, additionality between the MES and the EFSF," it was said.

"We have already said we would revisit the issue in March and here is our German friends to do move," they added. 

Enhancing capabilities of MES, whose creation was decided at a European council in late January, could be raised at the forthcoming summit scheduled to 1 and 2 March in Brussels.

Germany has so far refused to consider increasing its endowment beyond the planned 500 billion euros. France is pushing for his part in a combination means the EFSF and MES, successor to the fund, to give it increased firepower. Executive Director of the IMF, Christine Lagarde, had estimated late January that such a combination would be a "strong signal" to restore confidence in the euro area.

Always a source close to the Elysee, it indicates that Nicolas Sarkozy pleaded with Elio di Rupo to the European institutions, starting with the Brussels commission, adapt to a more integrated euro area.

"It is necessary that the commission revise the methods when she works for the euro area. We can not be refereeing by independent non-euro, "said the source citing the head of state

." We also need a much faster operation of the commission, can not wait months and months it takes to draft regulations so that there is urgency.

And also, it takes a much stricter monitoring of the government economic decisions (Heads of State and Government) in the euro zone takes. Belgian Prime Minister fully agrees with that. "

On leaving the Elysee, Elio di Rupo stressed that the European Union now had the form of two "concentric circles", the EU itself and the euro area, "which must have a dynamic linked to the single currency"

.

Wall Street ended virtually unchanged

U.S. stocks ended little changed Tuesday after a session hesitant investors welcoming the agreement on a second level of aid to Greece while being tempted by some profit taking.

The Dow Jones gained 0.12% or 15.82 points to 12,965.69 points. The Standard & Poor's, wider, ended almost stable with a gain of 0.07% (0.98 points) to 1,362.21 points. The Nasdaq composite fell 0.11% or 3.21 points, to 2,948.57 points.

Markets were closed Monday for President's Day.

Under the deal pulled off by the euro area after thirteen hours of negotiations, Greece will see the debt burden reduced by EUR 130 billion of government loans and restructure the debt held by private creditors.

This plan can eliminate the risk of a Greek default in March but not solve all economic problems Greek temper analysts. Furthermore, the good news was expected.

In this context, it was tempting for investors who played the recent rise in the market to take some profits, especially as, in session Tuesday, the Dow Jones briefly topped the 13,000 points for the first time since May 2008.

Signs of improvement in the U.S. economy and the stabilization of the debt crisis in Europe helped the Dow Jones gaining over 20% since late 2011 and the S & P gain of more than 8% since the beginning of the year.

"We face a little selling pressure given the rebounding lately," said Fred Dickson, market specialist at DA Davidson & Co.

Values, Kraft Foods has gained 1.47% to 38.57 dollars. The food group provides an earnings growth of at least 9% this year.

Home Depot has nibbled 0.45% to 46.92 dollars. The chain of hardware stores has published a quarterly profit above the expectation.

Macy's has won 1.22% to 36.69 dollars. The operator of department stores reported revenue up and expected a further increase in its turnover this year.

Apple gained 2.5% to $ 514.85. The U.S. International Trade Commission (ITC) ruled that the manufacturer of the iPhone was not about infringement of a patented technology of mobile phone manufacturer HTC.

In contrast, Wal-Mart Stores fell 3.85% to 60.07 dollars. The worldwide distribution generated fourth-quarter earnings below the consensus due to lower prices for customers during win the holiday season and New Year.

The period of publication of quarterly results is nearing completion. According to Thomson Reuters arrested Tuesday morning on the 418 companies in the S & P have published their accounts, 64% show better than expected results This is a lower rate than in recent quarters.

Kraft is optimistic for 2012 after a solid fourth quarter

Kraft Foods posted a quarterly profit Tuesday as expected and said anticipating a growth in operating income of at least 9% this year, despite pruning announced its range in North America.

The first U.S. food group, which holds particular LU biscuits and coffee Carte Noire, will split into two companies later this year.

One will be dedicated to its snacks marketed worldwide as Cadbury chocolate and biscuits Oreos, the other brands in North America specifically, the e ; door leaf thereof being referred to shrink. 

To prepare for this separation, the group will fund a special charge of $ 1.6 billion to $ 1.8 billion (1.2 to 1.4 billion euros).

Kraft has said it expected a net increase its turnover by around 5% in 2012. This forecast takes into account the negative effect of around one percentage point reduction in its range in North America.

The group said also anticipate an increase of at least 9% of its operating profit at constant exchange rates, despite higher taxes and pension costs.

The action Kraft gained 1.9% to 38.73 dollars to 4:20 p.m. GMT on Wall Street, while the Dow Jones progressed from 0.37%.

The group recorded a fourth quarter profit of $ 830 million, or 47 cents a share, against $ 540 million (31 cents) a year earlier.

Excluding items, earnings per share were 57 cents, according to Thomson Reuters consensus I / B / E / S.

Turnover increased by 6.6% to $ 14.7 billion. Organic growth – is out acquisitions, disposals, calendar effects and exchange – rose 7% in North America, 3.1% in Europe and 7.2% in emerging markets.

Carlsberg expects operating profit for 2012 unchanged

Carlsberg said on Monday forecast a stable operating profit in 2012 due to a decline in sales in Northern Europe and Western Europe, after increasing its profits in fourth quarter broadly in line with expectations.

In the fourth quarter of fiscal 2011, the company posted an operating profit of 1.83 billion Danish kroner against 1.82 billion expected by analysts surveyed by Reuters, for a turnover of 14.85 billion crowns against 14.30 billion expected by the consensus.

For all of the current fiscal year, operating income is expected to remain stable and adjusted net income should increase slightly, says the Dutch brewer. 

The group also expressed its intention to purchase "as soon as possible" 15% of the remaining shares in its Russian subsidiary Baltika, an operation that will cost up to 6.5 billion Danish kroner (874 million).

Once completed the buyout of minority, by the month of May, Baltika Carlsberg will scratch the coast.

In early trade, the Carlsberg share fell by 2.0% to 420.40 kronor.

Signs cheapest for French

2000 French were interviewed by the firm OC & C for the fifth year on their perception of prices in a sixty nine brands owned by different sectors. The survey measures the gap between the actual price of a brand and the idea that consumers will make. Results: advance leaders still considerable. The report found that the French had one very realistic prices. "No wonder. The discount was born in France and consumers are accustomed to comparing prices," said Jean-Daniel Pick, cabinet member.Previous useSuivant Leroy Merlin (52) Next Photo 11/14

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The Senate rejects the law governing the right to strike in the air

The bill was rejected UMP to 175 votes against 168. A Mixed Commission will now be convened before a return to both Houses of Parliament. View of the Senate in the Luxembourg Palace

The Senate on Wednesday rejected by 175 votes against 168 the bill UMP to govern the right to strike in the airline, criticized by the unions of Air Staff.

Most PS, CRC (Communist), RDSE (mostly PRG) Ecologist and passed a motion prior procedural motion which amounts to a rejection of the text. The centrist and right UMP voted against.

Filed by a deputy of the Right People, Eric Diard, before movement of airport security officers, PPL already adopted on 25 January by the National Assembly is to implement in the air including the existing and the SNCF RATP. Left and Right have competed strongly in the hemicycle of the Palais du Luxembourg, where the shouts are increasing with the approach of presidential elections.

"The airline industry is highly confrontational: 1131 strikes in the last three years, 63 days last year. This is no longer acceptable. Freedom of strikers must end or beginning of the passengers," insisted the minister Transport, Thierry Mariani. "The sky is open air. You, too, show a little opening and let yourself go with the interests of passengers, not that of a minority of employees," he told Catherine Procaccia (UMP). "Passengers are the cannon fodder of the malfunctioning of social dialogue," exclaimed Louis Negro (UMP).

"You do not have a monopoly on empathy with users stuck in airports. It is always the strikers who are responsible for everything, you never put the responsibility on employers, however, social dialogue takes two, "replied Jean Desessard (Greens)." If employees have to leave it because of the strikes of 1936 and if they do not fly is that they do not have money, you are the emissaries of big business "has swept Borvo Nicole Cohen-Seat, Chair of the group CRC (Communist). "No more business would be immune to similar restrictions to a fundamental right: the right to strike," protested George Labazée (PS). "The goal is to flatter a certain opinion public without worrying about the consequences of employees whose situation is often precarious, "blasted the rapporteur Claude Jeannerot (PS).  

This text requires the strikers, under penalty of law, to declare individually 48 hours before each day of the strike and employers to forecast traffic no later than 24 hours before the disturbance. Employees waiving participation in a strike or deciding to resume their service will also, under penalty of disciplinary action, inform the employer within 24 hours prior to their participation or anticipated recovery. This obligation to inform the employer of a change of mind will also apply to land transport, thereby altering the symbolic law of August 2007, improperly called law on "minimum service".

The airline unions have the four days last week strike demanding the withdrawal of a text for them violates the right to strike. They do not exclude other mobilizations. The PPL is registered emergency, a Mixed Commission (CMP, seven senators, seven MPs) will now be convened before a return to both houses but the Assembly has the last word.

Edison did better than expected in 2011

Edison Tuesday reported a gross operating profit (EBITDA) of 1.003 billion euros for 2011, a figure better than expected, while spending a depreciation of 928 million in its annual accounts.

These figures are close to those reported in the night of Monday to Tuesday by Reuters on witness statements from a source close to the second board of the Italian electricity.

Financial analysts had expected an EBITDA of € 910 million, according to Thomson Reuters consensus I / B / E / S.

In 2012, Edison, who suffered a net loss of 871 million euros last year due to depreciation, said he foresaw an EBITDA equivalent to that of 2010, without taking into not account Edipower. 

The margins of Edison in its gas business are under pressure because of long-term contracts that the group has forged a course higher than spot prices.

In early trade on the Milan Stock Exchange, as the Edison yielded 0.3% to 0.8350 euro while the index grouping the European values ​​of utilities lost 0.12 %.

EDF reached an agreement late December to take control of Edison, but at the cost of disposal of Edipower, considered by some analysts as the nugget of the Italian group.

At the Paris Bourse, EDF shares fell by 0.43% to 18.38 euros.

Mass rally in Greece before the vote on austerity plan

Tens of thousands of demonstrators gathered outside the Greek parliament as MPs must vote in the late afternoon a bill consisting of austerity measures demanded such drastic and unpopular es by the EU and the IMF in exchange for a new rescue plan.

Greek Prime Minister of Greece Lucas Papademos warned against the "economic chaos" in case of rejection, while Germany has warned that Greece should stop being a "well bottomless "`.

After three days of tension and political threats, Parliament began shortly after 14:00 (12:00 GMT) to examine the bill to save 3.3 billion euros thanks to lower wages, pensions and job cuts public. 

The vote must take place before midnight (2200 GMT), said the finance minister, Evangelos Venizelos, "because on Monday morning, the banking and financial markets should have received the message that Greece can and will survive. "

"If the law is not adopted, the country will go bankrupt," warned the Minister that a Communist deputy threw the pages of the bill on the floor of the Assembly.

About twenty members of the coalition of Lucas Papademos have threatened in recent days to vote against the text and six government members submitted their resignations, but the Prime Minister will still theoretically supported by a large majority. 

Outside the parliament, police fired tear gas to try to disperse demonstrators who threw stones and Molotov cocktail at Syntagma Square.

This is the largest mobilization since the month of demonstrations against the security measures. Most protesters retreated but clashes continued in the middle of the afternoon.

"There is tear gas into the interior of the Assembly," said one Communist deputy, Panagiotis Lafazanis.

"Bottomless well"

The new austerity plan is the price to pay for the release of an aid program of 130 billion euros from the EU and the IMF – the second since 2010.

Greece has to touch the money before March 20 to repay a state loan of 14.5 billion euros.

Germany has turned up the heat a notch Sunday warning that Europe expected actions and not words.

"The promises of Greece are no longer sufficient for us," warned the German finance minister, Wolfgang Schäuble. 

Referring to the new austerity plan in which the Greek deputies must vote this Sunday, the minister said in an interview published by the Welt am Sonntag that the previous did not e ; tee implemented in their entirety.

Wolfgang Schäuble said that the Germans are largely in favor of an international aid to Greece. "But it's important to say that it can be a bottomless pit. This is why the Greeks will finally have to clog the well. Then we can put something. At least people are now beginning to realize that it will not work with a bottomless pit.

"Greece must do its homework to become competitive, it requires a new rescue plan or some other way that we do not want to (…)" he says referring to an output the euro area.

Asked if such an outcome is possible, Wolfgang Schäuble responds: "Everything is in the hands of the Greeks themselves. But even in that event, on which no table, they remain an integral part of Europe ".

"We are pleased to offer our assistance, but we should not give others the impression that they have not done enough. Each state is responsible for itself," explains he said.