May 30




The CFDT union is the first to publish its consolidated accounts, as is now the law. It posted a net profit of nearly $ 3.4 million in 2010 and capital increase. An activist at the 47th Congress of the CFDT, Tours, June 10, 2010.

The CFDT has released Monday its consolidated accounts, "a first in labor history" according to the Central Francois Chereque, which provide a complete picture of its activity and its heritage.

These consolidated financial statements, approved as such by the auditors and for the fiscal year 2010, show "good financial health" of the CFDT, which posted a net profit of 3.38 million euros, declared its national secretary Anousheh Karvar during a press briefing.

For the first time this year, all trade unions and employers whose annual resources are greater than 230,000 euros are required to publish consolidated accounts, available on the website of the Ministry of Labour, under the law of 20 August 2008 reforming rules of representativeness of trade unions.

From these accounts, it appears that internal resources represent 76% of the total. Ms. Karvar sees the result of "choice of financial policy to empower its autonomy" to the Confederation and its peripheral structures (training centers, consumer association, real estate companies).

Last year, "the CFDT has raised 77.6 million euros in contributions, including 21 assigned to the budget confederal" according to a press release.10.5 million in its resources come from grants and contributions received.

The consolidated balance sheet showed a $ 309 million of equity on total assets of 353 million, a slight increase compared to 2009 (306 million).

"Part of these funds cover specific commitments of the National Trade Union Action vis-à-vis members of the CFDT: compensation in a strike, legal support and insurance business in particular" the statement said.

May 27




U.S. stock markets have closed up the session Monday, buoyed by raw materials to support a weak dollar.

The Dow Jones industrial took 30 0.31% 38.82 points at 12,441.58 gaining points.

The S & P-500, wider took 5.41 points, or 0.41% to 1331.10 points.

The Nasdaq Composite Index advanced 13.94 points for his side (+0.5%) to 2796.86 points.

The Sector Index S & P Energy took 0.2% while Occidental Petroleum rose 1.5% on the session.The decline of the dollar has contributed to rising oil prices, gold and other commodities.

Trade volumes has been limited to the dawn of a long weekend, the markets are closed Monday for Memorial Day.

The meeting was facilitated by the publication of a series of U.S. statistics.

The promise of sale of existing homes fell 11.6% in April to 81.9, according to the monthly index of the National Association of Realtors (NAR), which is at its lowest for seven months.This shows that the recovery in the sector is not fully achieved.

The sentiment index of U.S. households released by Reuters and the University of Michigan is back up to 74.3 final in May.

The market has been rising quite weaker than expected U.S. consumer spending rose 0.4%, due to high fuel prices, according to figures released by the Commerce Department.

As for values, title Marvell Technology jumped more than 11% to 16.17 dollars by encouraging forecasts considered by investors.

The internet auction site eBay and its PayPal subsidiary announced Thursday night to sue Google and two of its executives for theft of trade secrets relating to its mobile payment systems.

But the two titles have little reaction to this information, earning respectively 0.07% and 0.53% on the session.

Finally, shortly before the close, Sysco has announced the acquisition of Goldberg & Solovy Foods. The stock closed up 0.15%.

For the week, the S & P 500 declined 0.16%, the Dow Jones lost 0.56% and the Nasdaq 0.23%.

May 26




The Federal Council has indicated a desire to phase out nuclear power in the medium term. If members validate this decision, the five reactors will be gradually stopped Swiss. NPP Swiss Leibstadt.

The Swiss government has recommended Wednesday to parliament not to replace the end of their operating life of the five Swiss nuclear reactors, which will be gradually adopted by 2034 and focus on renewable energy.

The Federal Council (government) said it "wishes to continue to ensure high security of energy supply in Switzerland, but without nuclear medium term." "The current nuclear plants will be decommissioned at the end of their operational life and will not be replaced," he sued the government, arguing that "phasing is technically possible and as tolerable from the point of view economic. "The Alliance against new nuclear power plants, which includes environmental NGOs and leftist parties, applauded the decision, calling on members to confirm.

The Swiss Business Federation Economie.suisse has ruled against this choice "not serious". "Parliament should therefore find a solution acceptable to the economy and correct this irresponsible decision," she said. The seven Federal Councillors, meeting behind closed doors in Bern to choose between three scenarios for future energy available after the disaster at the nuclear plant in Fukushima, Japan, opted for a gradual phasing out of nuclear power to restrict such "residual risks "associated with its use.

Final decision in mid-June

"We wanted to give a clear political signal. This scenario is a step in the right direction," he told journalists the Minister of Environment and Energy, Leuthard."Nuclear power has become more expensive in recent years," she added, noting the cost of investment in safety and retooling plants.

The Confederation has five nuclear reactors, all located in Eastern Switzerland. According to the government's plan, the central Beznau I should be decoupled from the network in 2019, Beznau Mühleberg II and in 2022, and in 2029 Gösgen Leibstadt in 2034. The choice of the federation board must serve as a recommendation to the parliament following general government decisions. Parliamentarians should legislate from 8 June on the subject and make a final decision by mid-June.

The nuclear disaster in Japan in March has revived the debate on the future of the atom in Switzerland. Three days after the earthquake of March 11 in Japan, Bern has decided to suspend its plans to renew nuclear power stations.And antinuclear protests have multiplied in recent weeks. Bern now expects "the development of hydropower and new renewables" to compensate for nuclear energy and also being pursued, if necessary, for electricity imports.

Switzerland could also bet "on the production of electricity from fossil fuel" while respecting "the objectives set (…) in climate policy," the government statement. The Board believes that the federal government, cantons, cities and communities must lead by example, covering "a maximum of their power requirements and heat with renewable energy."According to preliminary calculations, the costs associated with restructuring the energy park, construction of new facilities and measures to reduce electricity demand would represent between 0.4% and 0.7% of GDP .

May 24




The Interior Minister believes that "unlike a legend" France "does not need bricklayers, waiters" from abroad. Info ou intox? Claude Gueant, the interior minister. What Claude Gueant said exactly?

It is not clear. Guest of Europe 1 Sunday, Claude Gueant said that France did not need "builders and waiters" immigrant because she had "the necessary resource. "Contrary to legend, it is true that we need talent, skill," immigrant, "said Interior Minister. The problem is that the trades cited by Claude Gueant are not really those that require the most skill.They also pertain not to the list of 30 trades so-called "tension," open to non-EU nationals, and for which the employer is not obliged to prove that employment could be provided locally. In the list prepared in 2008, when Sarkozy defended immigration "chosen" does not include the Masons, or servers, but the electricians, designers, planners, foremen, or surveyors, etc.. So many professions that require some skill and training. For the Minister of Interior, who wishes to review this list, but mostly lower professional immigration in France, these two examples are at least poorly chosen.

The building trades and of restoration would not be turned on?

These two sectors are not at all in the same position as would have us believe Claude Gueant.In the building because the tension that existed before 2008 was not actually out of date. "With the crisis, companies have seen their business drop by 15%. They call just to hire, and the sector is currently rather overcapacity," said Didier Ridoret, president of the French Federation of the building for that resumption of activity could still overturn the deal. The sector, which has 15% of legal immigrants, has thus far not require additional labor. In the restoration, the situation is very different. 50,000 jobs were filled in late 2010. For Synhorcat however, the union food out of the question to enter the controversy initiated by Claude Gueant. "We look for competent people", merely there to explain.

Immigration cost me dear to her finances?

A priori not, at least in the view of economists.A recent study by researchers at the University of Lille 2, the immigrants would bring 12.4 billion euros to public finances: they almost certainly would receive 47.9 billion euros annually in social aid but by transferring 60.3 to the State including taxes. The study found that immigrants contribute even more than the national funding of social protection: up to 2,250 euros for the first cons 1,500 for nationals.

Does France have the necessary skilled personnel?

That is obvious. According to Vice-President of the CGPME, Charles Melcer, interviewed by Le Parisien, immigration labor would be essential for the growth of France. "Without immigrants from many economic sectors would be in big trouble." Why? "Because the French refuse to do certain jobs," said Charles Melcer.An observation is confirmed by figures from INSEE in some sectors, over 20% of the workforce consists of immigrants: cleaning, security companies, and domestic services. Without them, these jobs would likely be vacant. Estimated between 300 and 600,000 job vacancies in France would not find a buyer for that reason. And according to a recent survey of employment center, 37.6% of projected hires by employers in 2011 abut on recruitment difficulties, affecting mostly poorly paid jobs (cooks, waiters, housekeepers, domestic work).

What therefore seeks to make the government?

According to Claude Gueant, France "a resource", that is to say, enough people available to fill those low-skilled jobs. In fact, between 2.6 and 4.3 million French people are seeking jobs.For the Minister of Interior, the conclusion is very simple: the French to occupy these positions. If they do not want it then it is up to them to take responsibility. "Someone who refuses several times normal work must be registered as seeking employment," concludes the Minister of Interior, Mic Europe 1, without specifying whether he intends to tighten the rules under which an applicant may refuse an offer of employment center if it does not match their training. Anyway, this is not drastically reduced labor immigration that the government succeeds in its objective to increase from 200,000 to 180,000 the number of permits per year. Immigration work only represents a very small part of immigration: 20,000 people per year.

May 23




47.5 million euros from television rights, 1.2 million euros in premiums, 11,000 employees … Find statistics, known and unknown, the tournament at Roland Garros.

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May 21




The terminal manufacturer Ingenico payment waived buy U.S. assets Hypercom, ten days after the decision of the U.S. Department of Justice to initiate antitrust action.

The U.S. Department announced May 12 its intention to take legal action to block the purchase by its rival Hypercom Verifone and subsequent transfer of U.S. assets Hypercom Ingenico.

"The deal U.S. assets Hypercom does not happen," said a spokesman for Ingenico, stating that the abandonment of the French group had been recorded on Thursday night.

Ingenico announced in early April a draft takeover activities Hypercom electronic payment to the U.S. for $ 54 million (38 million).

The Justice Department felt that planned operations would reduce competition in the market of payment terminals in the United States, which holds 48% VeriFone, Hypercom and Ingenico 26% 18%.

The draft VeriFone to divest American Hypercom Ingenico "exacerbates rather than diminishes, the antitrust issues raised by the initial transaction," stressed the Justice Department.

May 19




An update will take place in Prague today to try to resolve the serious differences that arise between the Commissioner for Energy to the majority of regulators A nuclear power plant in Bavaria

The EU on nuclear tractactions seem to be endless. Indeed, the Energy Commissioner Günther Oettinger will meet in Prague on Thursday with President of the Slovenian European Regulators Group in the field of nuclear safety (ENSREG) to try to unblock the negotiations on tests of strength NPPs in the EU.

"Oettinger meet Mr Andrej Stritar sidelines of the annual meeting of the European Forum on nuclear energy," said his spokeswoman Marlene Holzner. "The commissioner has also planned bilateral talks with some members of ENSREG" present in Prague, "she added.But the Commission was unable to confirm a meeting of all regulators in Prague, as it announced last Thursday.

Serious differences in effect Oettinger opposed to the majority of regulators, because the Commissioner has made new demands Wednesday that pose a jurisdictional problem, said the representative of a delegation.

"There is no great desire on the part of regulators to restart the talks," he added. The spokesman for the commissioner declined to comment this information. "Negotiations are still ongoing and we will comment only once they are completed," said Marlene Holzner.

A compromise has been put on the table last Friday after two days of talks in Brussels between the regulators and the European Commission.But regulators in Germany and Austria have expressed reservations and Oettinger Commissioner is not satisfied with this formula.

Regulators have no jurisdiction on matters relating to security against terrorism

Defended the compromise by 25 other regulators dissociates plant safety risks facing disaster or accident, and their safety from terrorist acts or sabotage, sources said.

It provides very sophisticated security tests to check the resistance of nuclear power plants in the EU to natural disasters such as earthquakes and floods, and "the consequences of any type of accident or natural man," it was said a diplomatic source.

But regulators have stressed in their draft declaration which AFP has obtained a copy had no jurisdiction in matters relating to security against terrorism.The compromise proposes "the establishment of a working group composed of state experts and representatives of the Commission" whose size, mandate and working methods must still be arrested.

One requirement Oettinger is to be given the power to "propose the establishment of this working group," said the representative of a delegation. "One wonders what looks Oettinger," he added.

The EU leaders have called on regulators to agree on criteria to conduct tests to check the strength of nuclear installations in the EU, including the 143 operating reactors, to limit the risk of an accident as that experienced by Japan.

"If a Central (French) do not pass these tests, it would be closed," he assured the French head of state Nicolas Sarkozy.The goal is to start tests on June 1 in order to submit a first report to EU leaders at their summit at the end of the year.

May 18




The Minister of Economy would have settled for an arbitration proceeding against the advice of its services, reveals Le Canard chains. The Minister of Economy and Finance Christine Lagarde, by the Assembly on 8 February 2011.

The Economy Minister Christine Lagarde has repeatedly made decisions contrary to the advice services of Bercy in resolving the matter Tapie / Credit Lyonnais, said the Duck chained Wednesday, May 18 based on a report Court of Auditors.

According to the weekly, the Court hairpin including the choice in 2007 of an arbitration procedure to resolve the dispute, deemed "contrary to the interests" of the public by the agency of state participation (EPA) cited in the report.The document also notes the absence of appeal after sentence completion Consortium (CDR, managing the liabilities of the CL) by an arbitral tribunal in July 2008 to pay 240 million euros to Mr. Tapie, over a hundred million interest and $ 45 million for pain and suffering.

"One could however consider that the exceptional size of the condemnation (…) justifies any event to appeal for annulment, even if it has little chance of success", had written to the time the EPA, in a note back with the report that the Duck publishes chained extract facsimile.

"For us, there is frankly nothing new," responded Ms. Lagarde's entourage, told AFP. "This report was the subject of a letter of the first President of the Court to the Prime Minister, who replied. All documents are available on the website of the National Assembly," it was added as well source.In early April, LeFigaro.fr had reported several "confidential reports submitted late February," in which the Court of Auditors considered "uncertain" the "legal validity" of the arbitration and was under "serious malfunctions" in Regulation Tapie of the case.

In one put forward Wednesday by the chained duck, the Court cited by the weekly, said that "it was necessary to ensure by all appropriate means, including by consulting the State Council, the CDR was entitled to arbitration. " Target of attacks by Socialist MPs for his handling of settlement of the case Tapie, Christine Lagarde is threatened with an investigation for abuse of authority, including the Attorney General at the Court of Cassation, Jean-Louis Nadal, requested on 10 May opened at the Court of Justice of the Republic.

May 16




List of values ​​of the day Monday at the Paris Bourse, where the CAC 40 closed down 0.72% to 3989.82 points.

* EADS (-2.12% to 22.60 euros) registered the largest drop in the CAC 40, moving inversely to the euro resumed its rise against the greenback and was part late in the day above $ 1.42.

* ALCATEL-LUCENT dropped 2.03% to 4.239 euros. UBS has withdrawn its recommendation to buy short-term on the title, and remains neutral in the medium term, with a price target increase from 3.50 to 4.50 euros.

* Renault lost 1.77% to 40.06 euros, hit by the decline of 2.43% of the share of its partner Nissan in Tokyo.Goldman Sachs cut its rating on Japanese stocks to underweight citing a weaker economic environment following the earthquake of 11 March.

CAC Hors, FAURECIA lost 2.26% to 28.50 euros, and Plastic Omnium 3.04% to 22.30 euros.

* Bank stocks exposed to the Greek debt, have weighed on the coast, the indictment of IMF Managing Director Dominique Strauss-Kahn feeding concerns about the resolution of the crisis in the euro area.BNP Paribas has sold 1.01% to 53.08 euros and Credit Agricole 1.26% to 10.93 euros.

* STMICROELECTRONICS (3.08% to 8.244 euros) finished well ahead of the CAC 40 to Michelin which advanced 1.18% to 66.10 euros.

* TELEPEFORMANCE (-3.66% to 24.36 euros) registered the largest decline of the SBF 120, continuing its tumble started April 29 after being too cautious about the world's largest call centers. Between April 28 and Friday's close, the track had fallen by almost 9%.

* Ubisoft has suffered profit taking and lost 2.98% to 6.671 euros, a good portion of earned 3.48% on Friday after the video game publisher said it expects a significant improvement in profitability in 2011 -2012.

May 14




U.S. stocks finished lower Friday as investors worried the debt situation in the euro area and a slowing economic recovery.

The Dow Jones industrials surrendered 30 0.79% or 100.17 dollars, to 12,595.75 points. The Standard & Poor's 500 largest, lost 0.81% or 10.88 points to 1337.77 points. The Nasdaq Composite dropped 1.21% or 34.57 points to 2828.47 points.

For the week, the Dow fell 0.3% and the S & P by 0.2%.The Nasdaq was unchanged (+0.03%).

Investors were further concerned about the debt situation in the euro area prior to the meetings of the Eurogroup and ECOFIN Monday and Tuesday in Brussels.

The recent declines in raw materials have prompted many fund managers predicting a decline in equity markets after their recent rally, including a large portion of recent gains in the stock market based on values ​​related to raw materials.

"I think this is the first charge to what seems to be a correction of the exchange, but the epicenter of this fix should be in what has already been corrected more severely, ie, the sectors related to raw materials "said James Dailey, TEAM fund manager at Asset Strategy Fund. It anticipates a market decline between 6 and 8%.

The CBOE volatility index, used as an indicator of investor concerns, ended up 6.49%.

In addition, the second program of the Federal Reserve said QE (QE2) amounting to 600 billion dollars due to expire in June.However, this program has been considered largely responsible for the rise in equities and commodities since September 2010.

In recent weeks, investors have come out of cyclical stocks such as energy and basic materials to turn to defensive sectors to more stable growth as pharmaceuticals and utilities.

Financial stocks were particularly affected. The S & P sector ended down 1.5%.

Yahoo ended down 3.61% to 16.55 dollars. The Internet portal has accused the group Alibaba Group have restructured the shareholding of Alipay, a leading online payment business in China without having informed.

Nvidia has plunged 10.93% to 18.26 dollars.Investors fear increasing competition in the market for graphics chips for PCs, the group's core business.

The action Tyco gained 2.58% to 50.78 dollars after a newspaper article reporting a renewed interest from Schneider Electric, which will partner with investment funds.

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