Wall Street retreats in early trade Friday, weighed by JPMorgan Chase, which lost 9% after the announcement of a trading loss of two billion dollars due to a strategy losing coverage.

In early trade, the Dow Jones yields 0.45% to 12,797.48 points. The Standard & Poor's, wider, lost 0.42% to 1,352.23 points while the Nasdaq composite is stable at 2933.50 points.

"Although this is an isolated incident that has nothing to do with the macroeconomic situation, this news is very painful to learn," said Tim Speiss, head of the company ; advisory wealth management EisnerAmper in New York.

"Investors need to see what impact it can have on the equity value of JPMorgan and if this is something that can disrupt the entire industry," he said.

Bank of America lost 2.7% while Citigroup was down 4.4%. The S & P financial index yields nearly 2%.

The volatility index is up nearly 20% since the beginning of the beginning of May, indicating a growing aversion to risk.

Nvidia Corp. gained 7.65% after reporting a turnover of 924.9 million dollars, higher than expected, and announced that billings would increase more rapidly than expected during the current quarter.

U.S. prices for production unexpectedly fell in April, due to lower energy prices, according to the Labor Department.

Investors expect the index preliminary Reuters-University of Michigan for the month of May.

Loss in the first quarter, Dexia meets this Wednesday's meeting in Brussels but will likely wait until the inauguration of François Hollande to resolve the issue of governance.

The Board of Directors of the Franco-Belgian bank being dismantled in the day must appoint Karel De Boeck, former managing director of financial group Fortis as administrator.

The Belgian government has officially said Tuesday he wanted it to become CEO of the bank instead of French Pierre Mariani but the French authorities have not yet given ; no official position on this issue. 

The issue of governance is urgent because of a relative Luc Coene, the Governor of the Central Bank of Belgium, believes that Dexia will likely need to be recapitalized again.

Dexia announced a net loss of 431 million euros for the first three months of the year, attributable to "non-recurring items", basically the cost of government guarantees covering its financing and depreciation.

The bank said that the State guarantees French, Belgian and Luxembourg were a quarterly cost of 128 million euros.

She also recorded an impairment of EUR 145 million on its stake in Kommunalkredit Austria and an "adjustment" of € 102 million related to the sale of Dexia Municipal Agency. The property must be sold to the French state and the post office to create a new credit institution to local communities.

The Belgian government said it wants to renegotiate the distribution of 90 billion euros of financing guarantees granted to France with the new government of Francois Hollande.

Since the decision late last year to dismantle Dexia, the Belgian authorities have carried out the nationalization of retail banking activities in Belgium while France has decided to return via the CDC and the Postal Bank, the activities of local government financing.

The bank suffered a net loss of 11.6 billion euros in 2011. 

Although in sharp decline, the size of the stock of Dexia is considered by some analysts as systemic because a failure to pay the bank would have incalculable consequences for the entire sys European Banking me.

Dexia shares was opened down 5.26% Wednesday after the publication of its first quarter results

Around 11:15, the Dexia share yielding 5.26% (0.01 percent) to EUR 0.18, representing a market capitalization of 350 million euros.

Suez Environnement on Friday issued a gross operating income (EBITDA) fell by 5.5% at constant exchange rates in the first quarter, hurt by falling volumes of waste treated by the group in Europe in difficult economic times.

The world's second largest environmental services, however, has expressed confidence in its ability to achieve its 2012 objectives, which include sales and EBITDA at least identical to those of 2011 at constant exchange rates and a dividend greater than or equal to 0.65 per share for 2011.

It was also announced in February that it was an EBITDA of at least 2.7 billion euros in 2013 (at constant exchange rates) and a ratio of net debt EBITDA maintained at about 3 , 0. 

Suez Environnement recorded in the first quarter EBITDA of 566 million, down 4.5% (-3.4% organic), and a turnover of 3.591 million, up 2.2% (+ 0.9% at constant exchange rates and 1.4% organic).

The group "plans to strengthen its efforts to profitability and free cash flow generation for 2012", informed the Director General Jean-Louis Chaussade, without elaborating.

The group announced in February that it was within 300 to 360 million euros of its goal of reducing costs for the period 2010-2012, made up of 250 million at end 2011. 

For activities, organic growth reached 2.8% in the first quarter in Water Europe and 1.2% in the Waste Europe activities, which have benefited from a price "generally positive" but also experienced a decline in volumes.

International segment sales grew 0.4% organically, an increase that would have been 2.3% outside the desalination plant in Melbourne, Australia, whose construction has struggled in 2011 but is now "being finalized".

The Suez Environnement on Thursday completed a course of 10.625 euros, rising to around 16% since the beginning of the year after a plunge of 42% in 2011.

The U.S. Treasury announced Friday that CEO compensation of three major companies that received aid during the financial crisis "exceptional" remain frozen for the second ; me straight year.

The decision applies to executives of AIG, the automaker General Motors and the credit institution Ally Financial, three groups that received a total of 135 billion dollars that have not paid off.

Over the period 2007-2009, public authorities have provided $ 68 billion (52 billion euros) to AIG, 50 billion to 17 billion to GM and Ally Financial to help them avoid bankruptcy. 

The Treasury said the direct remuneration of 69 other leaders of the three companies would be reduced by 10% over their 2011 level.

Four other major companies that received a bailout from public funds during the crisis have since repaid the aid: Bank of America, Citigroup, Chrysler and Chrysler Financial.

The dissatisfaction in the opinion by salaries and bonuses received by executives of these companies was such that the Obama administration has created the post of "supervisor" in charge of oversee their compensation policies.

The Treasury statement does not specify the identities of the leaders of AIG, GM and Ally Financial affected by frost this year. But it is certain that the CEOs of these three groups will receive, despite the austerity displayed, wage and salary supplements comfortable.

The CEO of AIG and should reach $ 10.5 million including the "stock options", one of Ally Financial 9.5 million and that of GM 9.0 million, according to documents released by the Treasury .

The number of resale properties totaled 858,000 last year, according to solicitors. 21,000 or more than the previous record in 2006. But activity in the former will fall in 2012.

There has never been so many resales of houses and apartments in France than in 2011. With 858,200 transactions recorded by notaries, up 9% from 2010, the former real estate market hit a record high. The previous record for the last 12 months studied, was 837,000 in mid-2006, said the lawyers at a news conference. However, we should distinguish between the province and the Ile de France

For if the sales regions have reached a good level ever with 710,000 transactions, the capital region, she was "merely" of 148,200 operations, is far from the record of 167,400 set in 2005.  

This level of activity on the property market may seem somewhat old paradoxical as prices continued to soar last year, including Paris. It is partly explained by the desire of many owners to sell before the higher taxes on capital gains real estate, intervened in early February 2012, on second homes and rental accommodation. The end of the loan (PTZ +) in the former planned in late 2011 also prompted the first-time buyers to rush their proposed acquisition. But this device has funded about 300,000 operations. As many advantages that will boost the property market more this year …

The year 2012 should be much less favorable. Notaries predict a total of transactions between 700,000 and 740,000 in the former, a drop of 15% to 20%, predicted Bazaille Pierre, president of real estate notaries. And especially as the mortgage, both in the former than in the new, earlier this year saw an apocalyptic France.Selon the Banque de France, the amount of housing loans granted in February was the lowest for 32 months, a fall of 41% compared to January and by 49% compared to February 2011.

The Housing Credit Monitoring / CSA assesses in turn the decline in the first quarter to 36% over the same period last year. To the point that the economist Michel Mouillart is very pessimistic in the absence of new tax incentive schemes. "We will have a drop in business markets, including the market of the former, as no one ever has seen," he warns. With what effect on prices? He is careful not to indicate.  

This strong demand in any case continued to push the prices up in 2011, at least in the past three quarters permiers, find notaries. Prices of old apartments have increased by 6.5% in France in 2011 compared to 2010 but decreased slightly over the last three months of the year. The largest increase was recorded in central Paris (+14.7% year on year but the increase was only 0.2% last quarter). But big cities like Lyon and Bordeaux, recorded increases of almost 9%. For homes, the increase was more pronounced in the Ile-de-France (+5.7%) than in the provinces (1.3%).

Kingfisher said Thursday that new stores and efforts to improve margins would enable it to withstand the difficult economic environment, having performed in 2011 an annual profit up 20% and above the consensus.

The first European chain of DIY stores, owns the Castorama and Brico Dépôt stores in France, has detailed its growth program "Creating the Leader" and said it would open 67 stores during the current year and would test new formats at the client.

The margin improvement will include a centralized purchasing with direct orders from countries with low labor costs like China. 

The annual profit before tax and exceptional items stood at 807 million pounds (968 million) for the year ended January 28, while analysts expected 799 million.

Revenues increased 3.6% to 10.8 billion pounds, while the annual dividend was increased 25% to 8.84 pence per share.

Kingfisher aims to earnings per share of 31.2 pence for the year 2013-2014 against 20.5 pence to 25.1 pence in 2010-2011 and 2011-2012.

Action, up 23% over the last three months, ended at 300 pence Wednesday, valuing the company at 7.2 billion pounds.

Wall Street was up Tuesday in opening, as expected by the experts, reacting to the statistics of retail sales and a decline in concern vis-à-vis the situation the euro area.

Retail sales in the U.S. in February posted their biggest increase in five months, thanks to sales of vehicles, show statistics released Tuesday by the department improve Rican Trade.

Finance ministers of the euro area have endorsed Monday night the second aid package to Greece for better pass next hot topic, Spain, where they demanded a deficit target tighter this year for its budget back in the nails in 2013. 

Investors expect also that the U.S. Federal Reserve, which meets today, maintain interest rates unchanged and a slight improvement economic prospects without excluding further monetary easing.

In early trade, the Dow is 0.36% to 13,006.56. The S & P 500 is 0.52% to 1,378.18, while the Nasdaq Composite gained 0.67% to 3003.54 points.

A few minutes after the close, the S & P hit a session high not seen since June 2008.

Aéroports de Paris won the battle for the takeover of the Turkish operator TAV Havalimanlari Holding, which will take 38% to $ 874 million, officials said Sunday, sources close to the deal.

The other finalist, the French group Vinci, made an offer significantly lower for about a week ago and refused to increase it, governance is a sticking point, have sources said.

This is the most ambitious international operation to ADP from a cross-shareholding agreement with the Dutch operator Schiphol in 2008.

ADP will pay 11.5 Turkish lira per share – a premium of 35% over the closing price Friday of TAV. His participation is below the threshold that would require the filing of a bid for the entire company, the sources said.

The agreement enhances TAV, operator of ten airports in the world, including Istanbul, the largest in Turkey, approximately $ 2.3 billion.

Shareholders who control TAV, Tepe Insaat construction group and Akfen Holding, each selling 18% and retain more board seats.

An ADP spokesman did not immediately comment. A spokeswoman for Vinci said that the company does not comment on rumors.

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 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.