CIT Group: intense speculation among merger and Chapter 11

CIT Group jumped 31.7% yesterday on Wall Street, back to $ 2.2 after a difficult summer marked by fears of Chapter 11. The U.S. credit facility to small and medium enterprises would be in the middle of a last phase of restructuring and could transfer its control to its bondholders, understands the Wall Street Journal, citing an anonymous source. ILC could provide "bond" the new debt secured by the assets of the Group and a major portion of the securities of the reorganized entity. If the bond push for too many, the plans could still CIT Chapter 11.

From his side, Bloomberg believes that Barclays Capital and Citigroup would offer at CIT Group to provide ... credits. Reuters, for its part, said that CIT would negotiate a new credit facility of up to $ 10 billion, which could help the company to repay maturing debt and avoid bankruptcy. Reuters adds that the size of the credit facility is discussed and could be much lower.

Yesterday evening on the U.S. side, the rally of CIT Group was mainly caused by rumors concerning the alleged intention of the hedge fund manager John Paulson, merge with the CIT Group Credit IndyMac mortgage. The New York Post was the source of the first sounds of corridors. Paulson is among the creditors of CIT and was part of the group that acquired IndyMac this year from the FDIC. No serious negotiations did not take place on the subject between CIT and IndyMac. ( CIT Group: intense speculation among merger and Chapter 11 )

September 30, 2009

CIT is negotiating a loan of ten billion dollars

CIT Group CIT negotiating to obtain a new credit facility valued at ten billion dollars that could allow the establishment of SME loans to meet its obligations mature and avoid bankruptcy, has we learned from a source close to the situation.

The details of this operation are discussed and the amount of the credit line could be significantly less than ten billion dollars, or even zero, if CIT is able to renegotiate the terms of certain debts he has yet to meet, have reported two prohibitive source file.

These lines include a loan of three billion dollars granted to CIT by its bondholders and a credit facility provided by Goldman Sachs GS .( CIT is negotiating a loan of ten billion dollars )

Danone and Wahaha signed an agreement to end partnership

Danone announced the conclusion of an amicable agreement with China's Wahaha to end the legal battle that pitted the two groups since 2007.

The deal provides that the French food group will sell to its former Chinese partner's share of 51% stake in the joint venture Danone -Wahaha.

"The execution of the agreement will terminate all legal proceedings relating to the dispute between the two sides," Danone said in a statement.

A source familiar with the matter told Reuters that the deal will yield about 300 million euros in the French group is slightly less than the 350 to 380 million euros in first half of 2009 in the accounts of Danone.

Danone declines to comment on this subject.

In exchange, the action Danone, which had closed on a fall of 2.07% Friday, opened on Wednesday a rise of about 3%. Around 10:30, she gained 1.26% to 41.01 euros.

For analysts, this recovery primarily reflects the relief caused by their rejection Tuesday by the group to rumors that he might make a bid for Mead Johnson, the U.S. subsidiary of Bristol Myers specializes in infant feeding.

THE END OF A LONG ROAD TO CROSS

"The market was concerned that Danone did not have the means to acquire Mead Johnson whose enterprise value is around nine billion dollars. In addition, a transaction of this magnitude would contradict what the group said at the time of its capital increase that it did not achieve big deal, "said one analyst on condition of anonymity.

In last May announcing the lifting of three billion euros of fresh money, Danone had said that the aim of the operation was to reduce a debt exceeding 10 billion euros at the end of 2008 and be able to seize external growth opportunities in its businesses.

According to one analyst, the transaction with Wahaha however little impact on the title because she already weighed more heavily on him. He nevertheless considers that the news is positive because it represents "the end of a long cross to bear" even if the transaction is expected to be dilutive by 1.5% to 2%.

The French had accused the giant Chinese beverage having not complied with the non-compete clauses specified in their original contract amount, along with 39 legal structures of the joint venture, a network of more than 60 factories and distribution companies producing and selling, they also drink under the Wahaha brand.

Rejecting the charges, Hangzhou Wahaha Group ensured that Danone had validated the assembly of this parallel circuit, because he did not have structures in geographical areas where the market seemed limited.

Commenting on the agreement signed Wednesday, Franck Riboud, Chairman and CEO of Danone, said in the statement that "commitment" of his group in China "is a long-term." He adds that his presence in this country dates back to 1987 and wishes to "accelerate the future success of (its) activities in China.

For its part, Zong Qinhou, president of Wahaha Group said that "China is an open country and the Chinese people are open minded. The Chinese companies are willing to cooperate and grow with other world leaders on the basis equitable relationships and mutual benefit ".  ( Danone and Wahaha signed an agreement to end partnership )

Toyota recalls 3.8 million cars in the U.S.

The world's largest automaker will recall 3.8 million cars in the United States, due to a problem of carpeting may cause accidents. ( NYSE:TM)

Toyota believes that the carpet can be taken in acccélerateur on models like the Camry, the best selling, and the Prius, its hybrid model. The U.S. department of Highway Safety has reported 102 incidents of this type.

A Lexus ES 350 and crashed on a California highway at over 190 km / h in August, near San Diego, leaving 4 dead including one policeman. The vehicle struck another car hit the security strip and caught fire. The passengers were called for assistance, saying that the driver no longer controlled his speed. The investigation revealed that the mats in rubber was a bit too long.

Owners will be notified next week. For now, the manufacturer advises them to remove the carpet. ( Toyota recalls 3.8 million cars in the U.S.  )

Apple: China Unicom will sell the iPhone in China

China Unicom announced it would sell to China the popular iPhone from Apple Californian (NASDAQ: AAPL ). The launch will take place next month for about 5,000 yuan, a little over $ 730. Eight forms of subscriptions will be offered later by the Chinese operator, under this distribution of iPhones. Unicom (Frankfurt: A0RDTK - news) has also this week launched its wireless network of 3rd generation.

September 28, 2009

Abbott will acquire the activities of Solvay Pharmaceuticals

The chemical and pharmaceutical group Solvay announced, Monday, September 28, the sale of its entire pharmaceuticals business to U.S. company Abbott, for a total enterprise value of approximately 5.2 billion euros. Best known for its drugs against AIDS and its baby food, Abbott employs more than seventy-two thousand people and markets its pharmaceutical and medical products in more than one hundred thirty countries. Acquisition of Belgian group also gives access to several new drugs against hypertension and Parkinson's disease.

The transaction also provides for the transfer of all employees of the pharmaceutical business in their current employment conditions, says the Belgian group. It is expected to close in the first quarter of 2010, subject to the approval of competition authorities concerned. Solvay communicate the impact of this transaction on its income statement when finalizing.

Solvay wants to reinvest the proceeds of the transaction for purposes of internal growth and external growth substantially in activities with high added value and strategic projects in chemistry and plastics. ( Abbott will acquire the activities of Solvay Pharmaceuticals )

Solvay: sells its pharmaceutical division to Abbott for 5.2 MDSE

Solvay announces the sale of its entire pharmaceuticals business to Abbott for a total enterprise value of approximately 5.2 billion euros, with an objective of refocusing LSES activities.

This value includes a purchase price of 4.5 billion euros, payable in cash and potential additional payments of up to 300 million euros, provided that certain milestones are crossed between 2011 and 2013. It also includes the resumption of certain financial commitments that the Belgian chemicals group estimates that approximately 400 million.

The transaction also provides for the transfer of all employees of the pharmaceutical business in their current employment conditions, it also includes provisions limiting future exposure of Solvay's pharmaceutical business increased.

This transaction is expected to close in first quarter 2010, subject to the approval of competition authorities concerned. Solvay communicate the impact of this transaction on its income statement when finalizing.

Once closed, Solvay will reinvest the proceeds of the transaction for purposes of internal growth and external growth substantially, with an emphasis on creating long term value.

This will be achieved through investment in high value-added and strategic projects in chemistry and plastics, geographic expansion in areas with growth potential and development activities and new products with an energy footprint reduced, which significantly reduce the cyclicality of the business portfolio of Solvay. Studies on such reinvestments are underway.  ( Solvay: sells its pharmaceutical division to Abbott for 5.2 MDSE )

Lennar Corp.: double its net loss in 3rd quarter 08-09

Affected by the deteriorating housing market in a year, Lennar Corp. has doubled its net loss to -171.6 million dollars in its third quarter 2008-2009, cons -89 million last year at the same time .

Reported the number of shares, the net loss for the home builder was at 97 cents (56 cents a year earlier), including 42 cents of adjustments of securities and other asset impairments.

In terms of activity, Lennar (NYSE: LEN) saw its revenues from housing construction to decline by 63% yoy to $ 635.6 million, down from both a decrease of 28% number of homes delivered and a decrease of 12% of the average house price. New orders volume decreased 8% in the third quarter of 2008-2009 annual basis, and shipments by 29%.

Excluding the impact of an adjustment of book value, gross margin improved 160 basis points sequentially to 15.6%, but fell to 240 basis points.

'If the economy stabilizes, we believe that improving the environment of sales, improved gross margin excluding depreciation and compression overhead should allow us to reconnect with the profits from FY 2009-2010 'said CEO Stuart Miller.

Lennar: another loss, but..

Lennar (NYSE: LEN), an American real estate developer, has announced its 3rd fiscal quarter ended in late August a net loss dug to $ 171.6 million and 97 cents per share, against a deficit of $ 89 million and 56 cents per share over the same quarter last year. Quarterly revenue dipped 35% to $ 720.7 million. The loss ended the quarter includes non-cash items, valuation adjustments and write-downs. The decrease in revenue reflects 28% drop in the number of transactions and 12% decrease in prices. Lennar anticipates, however, in the event of confirmation of the stabilization of the economy, a return to profitability in FY 2010. ( Lennar Corp.: double its net loss in 3rd quarter 08-09)

September 22, 2009

Bank of America reimburses the state guarantee to Merrill Lynch

Bank of America will pay in advance the state guarantee in the unused part of the takeover of Merrill Lynch. The reimbursement of an amount of approximately $ 425 million, puts an end to the dispute over the debts of the bank to the U.S. government. The government guarantee had been given at the resumption of Merrill Lynch earlier this year. The investment bank had at the time, because of the financial crisis, billions in debt. But thanks to the efforts of the State, discussions had been completed. Now the CEO of Bank of America, Kenneth Lewis, said his company wanted to reduce government's role in it. Meanwhile, Bank of America must manage any sensitive issue. Indeed, the Securities and Exchange Commission (SEC) announced it would open a "major investigation" on the bonus of $ 3.6 billion distributed at Merrill Lynch while the bank was already aware of major problems.

Bank of America: radio silence on the matter Merrill

While a panel of the House of Representatives was required on the part of Bank of America information on the acquisition of Merrill Lynch reached the end of last year, BofA has not provided the required documents on time. Edolphus Towns, who heads the Committee on Oversight and Government Reform Congress, was given until noon today at the Charlotte bank to run. In particular, the Committee is concerned and wants to know when Bank of America has been informed of the massive losses at Merrill under the Q4 2008. The congressional panel last survey on communication with shareholders of BofA, which might have been interested to know they were voting acquiring an investment bank (Merrill) Q4 deficit of 15.3 billion $ .

Bank of America terminated an agreement with the Fed and the Treasury, related to Merrill

Bank of America announced Monday it was terminating an agreement collateral assets with the Federal Reserve and the Treasury which was intended to protect the new losses.
Confirming information in the Wall Street Journal, the bank announced it would pay 425 million dollars to the Treasury, the Fed, and the organization security deposits (Federal Deposit Insurance Corporation, FDIC) to close a facility of $ 118 billion for the preservation of losses that are related to the acquisition of Merrill Lynch.
The bank has never formally signed the agreement to share losses and had said in May it would close the facility.
Shares in Bank of America closed down 2.16% at $ 17.25 Monday on Wall Street. ( Bank of America reimburses the state guarantee to Merrill Lynch )

NYSE Euronext: Hugin gives Thomson Reuters

The Group Awards transatlantic NYSE Euronext sold Hugin Group BV Thomson Reuters ( London: RUT.L ) for unspecified financial terms.

Having started its activity in Oslo in 1995, Hugin specializes in investor relations services and has more than 1,700 corporate clients.

The transaction should be finalized in the fourth quarter 2009 and remains subject to customary regulatory approvals.

This sale comes after the announcement by NYSE Euronext two weeks ago an agreement in principle with several groups of contracts to sell a significant stake in NYSE Arca Options, one of two options markets in the United States.

A cons-stream of the general trend in Paris, the share of NYSE Euronext rose 0.5% to 20.6 euros. ( NYSE Euronext: Hugin gives Thomson Reuters)

Allianz withdraws from the Paris, New York and London

New desertion of a foreign value of the square in Paris - Allianz withdraws from the Paris, New York and London . After the release in recent years many foreign securities of NYSE Euronext Paris, is the turn of Allianz announced its intention to withdraw its shares publicly traded. Meanwhile, he comes out of places in New York, London, Milan and Zurich. The title and remain listed on Frankfurt and some regional stock exchanges in Germany. The group justified the decision by the complexity that currently generates the multiple listings, even though the vast majority of transactions on the title are in Frankfurt. Furthermore, this withdrawal will save on the cost of listings.

Removing first in New York and on other places

This could raise questions about the communication strategy of the group, just days after the disappearance of the AGF brand. Some might see such an increased risk for Allianz to be labeled as "too German". A risk that is sweeping the input group in a statement: "These withdrawals will not affect the strategic direction of Allianz or its presence in these geographic markets," says the insurer.

But if the place Paris loses a big name in international defenders of the Paris can console themselves by noting that even the New York Stock Exchange no longer dream of the German group. This is indeed out there that the withdrawal will be made a priority: "Allianz has made a written announcement to the New York Stock Exchange (NYSE) of its intention to voluntarily withdraw from listing its certificates (ADS) and obligations (USCB ), "the group said in a statement. "The delisting of shares of Allianz places in London, Milan, Paris and Swiss stock market will follow in due course," he added. ( Allianz withdraws from the Paris, New York and London )

Dell acquires Perot Systems for 3.9 billion $

When a Texas group buys another Texan ... The group of Michael Dell has announced the acquisition of computer services company Perot Systems, will become the industry "services". A firm that bore the name of its creator and Texas tycoon Ross Perot (2), whose political career lasted a presidential campaign ...

Skeptics ... Investors on Wall Street greeted the announcement of the acquisition of Perot Systems by Dell, with great skepticism. At that point, not surprisingly, the action of the Texas manufacturer tumbled yesterday.

Yet for Dell, there is no doubt that this decision was long thought. It does not pay 3.9 billion dollars (about 2.65 billion euros) on a whim. This is the amount that Dell will spend to acquire all shares of common stock at a price of 30 dollars. Either a capital gain of 68% compared to the value of the title, as displayed at the close of stock markets before the weekend.

Purpose of the maneuver? Providing the means to achieve its goal of diversification in services. When? When the operation is already validated by the boards of both companies has been concluded. Dell spoke at the beginning of 2010, probably in January. At that time Perot Systems will become the industry "Services" Dell.
Indeed, in the month of June we knew that Dell had put "aside" a little "war chest" amounted to 10 billion dollars. A nest egg that would allow the manufacturer Texas do some shopping. Some external growth operations enabling it to better compete with HP, IBM or Cisco. At the time the names were circulated - and still continues to do so, including Affiliated Computer Services and BMC Software.

For Dell, analysts explain that he was one of the major computer manufacturers most dependent on its core business. A profession, as we know, declining significantly since the advent of the global economic crisis. And even if the IT services market (the one that Dell put a foot) also undergoes reverse the effects of the crisis, several studies concordant think it should still be positive throughout 2009 and returning to increase from 2010. In this context, Dell would therefore absolutely right to bring an additional advantage in his game. ( Dell acquires Perot Systems for 3.9 billion $ )

Thomson Reuters: Hugin acquired from Euronext NYE

Thomson Reuters announced the acquisition of Hugin Group BV Aupers of NYSE Euronext. Financial terms of the transaction were not specified.

Having started its activity in Oslo in 1995, Hugin specializes in investor relations services and has more than 1,700 corporate clients.


The transaction should be finalized in the fourth quarter 2009 and remains subject to customary regulatory approvals.

NYSE Euronext: Hugin sells Thomson Reuters

Thomson Reuters (TRI.TO - news) has signed an agreement to acquire Hugin Group with NYSE Euronext, under conditions which were not specified. Hugin is a provider of enterprise information and dissemination of press releases. The transaction should be finalized by year end.  ( Thomson Reuters: Hugin acquired from Euronext NYE )

September 21, 2009

PepsiCo: starting the next CEO of PepsiCo Intl.

PepsiCo (NYSE: PEP) announces the departure of Michael White, Vice President and Chief Executive Officer (CEO) of PepsiCo International, by the end of the end of the year, after twenty years in the food group.

To ensure a smooth transition, Michael White will continue to work, among other things, planning the integration of the two bottlers Pepsi Bottling Group and PepsiAmericas (NYSE: SAP ), in the coming months.
PepsiCo International will be co-directed by two separate entities: Zein Abdalla become CEO and Zein Abdalla Saad Abdul-Latif, CEO of PepsiCo Asia Middle East Africa. Both reporting to the CEO Indra Nooyi. ( PepsiCo: starting the next CEO of PepsiCo Intl. )

Kingfisher: Deutsche Bank raised its target

Deutsche Bank raises its price target from 290 to 300 pence on Kingfisher and reaffirms its position "buy" after the publication of results of group owner signs Castorama and Brico Depot in France.

The distributor of DIY has announced a profit for its first half of 8% above consensus, up from 35% to 288 million pounds, but the broker also said net debt reduction group and cost savings in France more than expected.

Deutsche Bank expects a growth of 22% per year earnings per share of Kingfisher for four years, especially considering that the operating margin of its UK brand B & Q will improve to 4.9% this year to 5.3% in 2010 -- 11, then to 6.5% in 2011-12.

The information and analysis released by Thomson Financial are only a decision support for investors. The responsibility of AFX can be used directly or indirectly from the use of information and analysis from readers. It is recommended that any uninformed person to consult a professional advisor before investing. This information is not indicative in any way an incentive to sell or a solicitation to buy. ( Kingfisher: Deutsche Bank raised its target )

September 18, 2009

Toyota is preparing an advertising campaign of U.S. 1G$

Toyota announced it was preparing an advertising campaign of U.S. $ 1G intended to boost its sales in the United States in the fourth quarter.

The Japanese automaker also plans to expand its range of hybrid vehicles offered under the Prius brand, says the Wall Street Journal.

The strategy to revitalize North American operations of the company has been unveiled by Toyota President Akio Toyoda, during a meeting with American dealers in Las Vegas.

"We're starting to see a glimmer of hope. The circumstances seem favorable and our inventory level is good, so this is the right time, "said Irv Miller, vice president of sales for Toyota.

The sum of $ 1G that Toyota plans to spend on advertising exceeds 30% to 40% advertising budget quarterly company, said a source familiar with the activities of automotive giant. ( Toyota is preparing an advertising campaign of U.S. 1G$ )

Citigroup refocuses its messages to its customers

Citigroup, saved three times in one year by the taxpayer and humiliated by U.S. $ 27.7 billion loss in 2008, can not act as if nothing had happened. Its largest shareholder (34% of capital) is now the U.S. Treasury. And Citibank is no longer the largest retail bank in the United States.

In this context, it is not possible to communicate on the subject: "Everything is going very well." Or opt for the radio silence: that accredit the thesis that the bank is mortally wounded, while Citi has finally managed to post profits of 4.6 billion in the first half of 2009.

To date, the New York bank has chosen two messages. The first is to focus on its role as lender in the economy. "Citi has provided 330 billion in new loans to consumers, businesses and American communities since October 2008, and stressed last month the bank. The second theme is even more concrete: to brag shots advertising rate of 3.5% offered to those who entrust their money for five years. A communication more in line with the context than had been launched in May 2008. "Citi never sleeps" (Citi never sleeps), devised the slogan at the time, referring to the song by Frank Sinatra New York, New York, has been abandoned. Evil spirits saw an allusion to the white nights of anguished patrons of the bank. ( Citigroup refocuses its messages to its customers )

Procter & Gamble: climbing on a positive analysis

The title Procter & Gamble (NYSE: PG ) climbed in that time more than 3% to $ 57.3 on the NYSE. Citigroup (NYSE: C - news) has revised its recommendation to "hold" from "buy" this Friday on Wall Street, on the back of the leading consumer products. The broker believes that P & G should become more aggressive to regain market share after having raised its price in the hope of increasing the profitability of certain categories. The target price is raised 54 to $ 66. ( Procter & Gamble: climbing on a positive analysis )

Procter & Gamble, a broker reinforcement

Citigroup (NYSE: C) has revised its recommendation to "hold" from "buy" this Friday on Wall Street, on the back of the leading consumer products Procter & Gamble (NYSE: PG - news). The broker believes that P & G should become more aggressive to regain market share after having raised its price in the hope of increasing the profitability of certain categories. The target price is raised 54 to $ 66.  ( Procter & Gamble: climbing on a positive analysis  )

Tips For Renting A Car In Athens

Athens is the capital and largest city of Greece. It is one of the oldest cities in the world and has many monuments and historical sites. Athens is a city much admired as the learning center, art, philosophy and literature. Tourists from around the world come here just to discover the charm and splendor of the city has to offer.


Vacancies in this city can be exciting if a schedule is planned very organized. Athens is the oldest city in Europe that could easily find the location of different cars here that could take you in different places of the city.

Car Hire Athens, Car Rental is a very good option to experience this compelling city Up Close and Personal. The road to Athens has improved considerably in recent years and now you can easily get a car delivered to you as soon as you arrive at the airport.

Major firms in Athens a parking valet service chief found in Athens include Avis, Budget, National, Hertz, Thrifty and Swift. These are some of the bodies of famous and certainly offer very good facilities. There are also many small family owned car hire in Athens, which are equally good and great.

Organized Tours Car Rentals in Athens is the center of history, culture, philosophy and art and nearly a thousand visitors from around the world to be part of this great civilization. Several car rental companies these days to arrange visits for the benefit of visitors. You can take a turn in the port of Piraeus, the Acropolis, the ancient Agora, the Greek Parliament, Panathinaiko Stadium and the Parthenon.

Car hire in Athens Car Rental Athens is a great thing, you meet with officials of different cars, as soon as the land at the airport. You can choose a car service to suit your own budget and convenience. Almost every rental car in Athens, friendly customer service and offers very good prices for the benefit of visitors.

These are things you should consider when hiring a car in Athens. I am sure that car rental companies in the city will not fail to give good car for a trip without problems.

Citigroup: launches an initiative of thematic research

Citigroup has launched a research initiative which operates the thematic working group's research and analysis in investment (CIRA), composed of economists, analysts and financial planners. His intention is to identify investments that take advantage of economic trends, demographic, technological and key policies that impact globally.

To inaugurate this investment opportunity thematic Buyers emerging global suppliers, "Citi has identified 21 global companies heavily exposed to consumer markets with high growth such as China and India.

Andrew Pitt, global head of research group IARCs Citi, said: "This investment initiative theme coincides with the recovery from the worst global economic downturn of our generation, as we believe that many of the standards that prevailed during few decades may be questioned. Our program theme will focus on the long term, and address issues which are expected to emerge in the next few years. "

Mr Pitt added: "The emergence of consumerism in emerging markets is a clear trend that is still in the embryonic stage, and will continue to play a role for several years. Investors now have easier access to our best ideas to capitalize on this momentum as and when it develops.

While the consumer market continues its growth in China and India, the trend is on quality brands and changing diet and lifestyle. Trash "Buyers emerging global suppliers" identifies 21 actions listed among the best to capitalize on this theme. Among these, there are Hewlett-Packard, which has increased its market share in computer sales in China from 6 to 11% in two years, Unilever (London: ULVR.L - News), which has a distribution system unique in the region, which had offices in India and East Asia, in 1913 and 1933, respectively, and Suzuki Motors, which already holds 50% market share in India.

The World Bank estimates that the number of consumers in middle income grow by 800 million by 2030, with countries developing which will total 93% of the global middle class, an increase of 56% compared to 2000, the company said.

"Although this view is attractive to domestic and international decipher who is best positioned to take advantage is a daunting task for investors. They now have the expertise to guide IARCs and the prospect of new research on this and other issues of investment in the future ", concludes the group. 
( Citigroup: launches an initiative of thematic research )

September 17, 2009

Dow Jones hesitant opening on Wall Street

Contrary to expectations, Wall Street was rather on the downside Thursday opening, especially the Nasdaq Composite index, in the wake of Oracle.

Minutes after opening, the Dow Jones initially fell slightly, shyly went over the green, like the S & P 500, while the Nasdaq was flat.

The market seemed not to react to statistics, however, a priori, but rather support the latest corporate earnings less pleasing.

Enrollment weekly unemployment was 545,000 against 557,000 and consensus 555.000.

Housing starts and building permits have seen their numbers increase in August to their highest level since November, boosted by a rebound in apartment buildings.

The Dow Jones gained 0.08% to 9800.02, while the S & P 500 Index was 0.01% to 1062.92 and the Nasdaq Composite lost 0.01% to 2132.88.

Oracle is down almost 2% after publishing the eve of the first quarter results in line with expectations, albeit with a turnover below the consensus.

FedEx issued on Thursday a net profit down 53% in the first quarter and confirmed its target of annual profit.

The work yielded 0.92% to 77.48 dollars. 
( Dow Jones hesitant opening on Wall Street )

Eastman Kodak fell on fears of dilution

Eastman Kodak (NYSE: EK) plunged 6.7% on Thursday to $ 6.2 on the NYSE. Kodak has announced its intention to raise $ 700 million in several transactions, including a sale of secured debt of $ 400 million to private equity firm Kohlberg Kravis Roberts & Co in exchange for participation in the Group and two seats Board of Directors. Raising capital should be used to refinance existing debt and the ongoing transition from traditional film to digital.

KKR has agreed to repurchase up to $ 400 million senior secured bonds due 2017 to Kodak. The leader of the photograph must give his side the benefit of KKR options that allow the investor to acquire up to 53 million Kodak shares nearly 20% of the shares. Separately, Kodak intends to offer $ 300 million convertible bonds due 2017 through a private placement to institutional investors.

Kodak has also confirmed yesterday its forecast in July, namely a decline in revenue in 2009 from 12 to 18% and a loss on the year. The loss from continuing operations is expected below guidance range of 200 to 400 million. 
( Eastman Kodak fell on fears of dilution  )

AMR wants CRJ700

AMR company , which owns the air carrier American Airlines, confirmed that it received a letter of intent to buy 22 Bombardier regional aircraft.

The information was confirmed Module economy Radio-Canada.

AMR would have negotiated a funding of 2.9 billion U.S. dollars which it would reorganize its operations and to renew part of its fleet.

The planes that AMR is seeking to acquire the CRJ700 70-seat.

These aircraft are assembled at Mirabel. The president of Bombardier Aerospace Guy Hachey, said recently that without a large order, this plant may have to reduce its production rate and conduct layoffs.

AMR also announced that the 25 Bombardier aircraft it has already be modified to accommodate a first class section. ( AMR wants CRJ700
)

AMR Corp gets $ 2.9 billion of financing

AMR Corp. (NYSE: AMR), the parent of American Airlines and American Eagle, has obtained $ 2.9 billion in additional liquidity and financing of new aircraft, as well as strengthening Fleet American Eagle.

First, the airline will receive $ 1.3 billion of fresh liquidity, including $ 1 billion from the sale of its advanced to Citi AAdvantage program, and $ 280 million loan GE Capital Aviation Services (GECAS) secured by aircraft owned by the group.

On the other hand, according to an agreement with GECAS, American Airlines gets the latter to support the financing of Boeing (NYSE: BA) 737 ordered previously by the company for $ 1.6 billion.

These measures should support the group in its strategy to eliminate unprofitable flights and concentrate its capabilities on platforms Dallas / Fort Worth, Chicago, Miami and New York.

Furthermore, the commuter subsidiary American Eagle announces plan to extend its fleet with the addition of a first class cabin on its 25 Bombardier CRJ700 aircraft. She also signed with Bombardier a letter of intent to exercise purchase options on 22 additional CRJ700 aircraft, with delivery scheduled to begin in mid-2010. 
( AMR Corp gets $ 2.9 billion of financing )

Sharp fall in profits from FedEx

The U.S. mail group showed a 53% drop in net income during its first quarter to 181 million. Its revenues for its share fell more sharply than expected.

New tough quarter for FedEx. The American group messaging, particularly dependent on economic conditions, has seen its profits plunge by 53% between June and August, the first quarter of fiscal 2009-10 shifted. Its net profit is thus reduced to 181 million dollars against 384 million a year earlier.

Per share, earnings were 58 cents, according to figures announced last week by the Memphis group. It is logically in line with analysts' expectations (which had forecast before the revision on EPS of 43 cents)

In contrast, the turnover has disappointed traders. It fell 20% over the period, falling to 8.01 billion dollars where analysts had expected 8.22 billion. "Although we see signs of improvement in the economy, comparisons from one year on the other remain unflattering for the second quarter, has already warned the group.

FedEx has also unsurprisingly confirmed its objectives for the second quarter, namely earnings per share (EPS) ranging from 65 to 95 cents. These were revised upwards last week due to an increase in international priority shipments and strict cost control.  ( Sharp fall in profits from FedEx
)

FedEx: confirms its EPS of 58 cents for its 1st quarter

According to what he had said late last week, FedEx (NYSE: FDX) reported an earnings per share decline on a year of 53% to 58 cents in the first quarter of 2009-2010, is a level well above its target range of 30 to 45 cents.

Net income for the logistics group has been halved to 181 million dollars for an operating margin down 2.4 percentage points to 3.9%.

In terms of activity, revenues FedEx fell 20% to 8.01 billion, with declines particularly strong for the segments Express (-23%) and freight (-27%).

'The revenue and profitability continued to be adversely affected in comparison with the annual global downturn' says the group, which also highlights the negative impact of changing fuel prices but also a strict control of costs .

For its second quarter, FedEx reiterated its goal of a GAP between 65 and 95 cents, "reflecting the current forecasts for fuel prices and a modest recovery in the global economy '
FedEx: confirms its EPS of 58 cents for its 1st quarter )

FedEx: drops after the quarterly

FedEx (NYSE: FDX) fell by 1.6% on Thursday to about $ 77 on the NYSE. The Group published its accounts for the 1st fiscal quarter ended in August 2010. Consolidated revenues were $ 8.01 billion, down 20% yoy, against $ 9.97 billion last year. The operating profit fell by half to $ 315 million, against $ 630 million a year earlier. Operating margin was reduced to 3.9%, 6.3% cons. The net wins from 53% to $ 181 million, against $ 384 million. The EPS was 58 cents, against $ 1.23 last year.

Revenues and profitability continue to be adversely affected by the global recession. Fuels have also been a significant negative factor. FedEx suggests, however, a strict control of costs.

The Group confirms anticipate diluted EPS of 65 to 95 cents in the second quarter of fiscal 2010, assuming a modest economic recovery. Alan B. Graf Jr., chief financial group, said that FedEx still sees signs of economic improvement, but added that comparisons year over year compared to last year, remain very difficult in the second quarter
( FedEx: drops after the quarterly  )

Finding Repossessed Homes: Where to Look for Money-Making Real Estate Investing

By Andre J. Keaton

Investing in real estate can bring in a lot of money. However, you have to choose your properties carefully and have a wise investing plan because not just any real estate will be profitable. Foreclosure listings and repossessed home listings are great resources for anyone who is looking to invest in some real estate and turn a profit from it.

These listings of homes that have been repossessed can give you a pool of properties from which you can make your first purchase as your initial foray into the realm of foreclosure property investment. There are a lot of resources especially in the internet that could help anyone who is interested in going into real estate investing.

If you do a simple internet search on repossessed homes, you will find tons of information on it. In fact, you can find pretty much everything you need right at your computer desk.

Websites of both private and government financial institutions would most likely have a listing of these properties that they might be interested in purchasing. It is also highly likely that such foreclosure listings are available in the offices of the financial institutions.

There is a significant advantage to purchasing repossessed homes as, unlike raw land or other real estate listed at market value or higher, these foreclosures will usually carry a much more moderate price tag.

You can get a feel for what's out there, and what will work with your available budget, by digging through some of these foreclosure and repossessed home listings.

Foreclosures can be lucrative on your part if you just know how to find a great deal. Finding great foreclosure deals may sound to be a difficult thing to do but it is actually not, if you are aware of how you can get those deals instantly.

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With the acquisition of Omniture, Adobe aims to give new arguments to Flash

One stone two birds. It is the aspiration that seems to have presided over the decision announced today the acquisition by Omniture Adobe. With the portfolio of specialist marketing analysis of Web traffic, the multimedia specialist may, indeed, to both strengthen the position of its creative tools in marketing agencies and online at the same time, consolidate Flash on the Web, dealing with other JavaFX and Silverlight.

Adobe has announced the acquisition for $ 1.8 billion, Omniture. The latter specializes in analyzing and optimizing Web traffic, not a technical but commercial. His solution Online Marketing Suite includes applications dedicated to the acquisition of visitors to their conversion, traffic analysis and the results of several different channels. All providing dashboards that can fit side business, CRM tools, call center, kiosk service, etc.. and side Web, search engines or network ads. Omniture also offers consulting services in the same area.
 
Integrating Omniture tools
 
In a statement, Adobe says integration of optimization capabilities within the tools of content creation should allow developers and online advertisers to "industrialize the creation and delivery of content and applications. This optimization will allow advertisers, advertising agencies and online merchants to get a better return on their investments in digital media content while enhancing the experience of the user. "Just that.
 
Winning the battle of the Web
 
In fact, this acquisition seems, at first, part of the deliberate strategy of Adobe in the field of rich Web applications. Whatever the field, and whatever the audience. One way for the publisher of Flash to keep his place and prevent Microsoft, among others, come trampling her flower beds with Silverlight. One way to still push Oracle, who, with the acquisition by Sun, JavaFX inherits. In 2008, Adobe has launched the Open Screen Project, giving a boost to Flash in the field of mobility, the RIA and the client. One way to directly target Silverlight and JavaFX.
 
But the rich Internet applications, is also commerce and online advertising. Adobe seems to have understood this and want to pay special attention to develop and consolidate its presence in these lands. The acquisition of Business Catalyst and its subsidiary GoodBarry, specialized in building e-commerce platforms in early September, was clearly in that direction. Adobe is expected to detail a little more of his intentions at Adobe MAX 2009 developer's conference, from October 4 to 7 in Los Angeles.  ( With the acquisition of Omniture, Adobe aims to give new arguments to Flash  )

September 16, 2009

Oracle flexes pending accounts

Oracle (NASDAQ: ORCL) fell 2.4% Wednesday to $ 22.1 on the Nasdaq. The leading U.S. software companies must be published after the close of Wall Street accounts for the 1st quarter of fiscal 2010. The consensus is now up to 30 cents EPS on $ 5.25 billion of revenue. The Californian Redwood City could also provide some relevant information about the trend in general industry and business spending.

In the November quarter this time, the consensus is 36 cents EPS of $ 5.72 billion in revenue. 
( Oracle flexes pending accounts )

Oracle and Sun are teaming up for appliances database

Oracle abandons HP and Sun releases version 2 of its infrastructure database Exadata. The appliance combines servers and storage equipment from Sun and Oracle 11g R2. The Intel processors are signed, not Sun.
 
Even if the acquisition is not yet validated, the two American groups are close to announcing technologically Exadata v2, a database Oracle 11g R2 coupled with Sun servers.
 
Oracle has started on the appliance market database by signing a partnership with HP, leading the launch of the Exadata offering, a server database optimized for HP hardware.
 
Instead of Nehalem processors Sparc
 
After the acquisition of Sun in April to 5.6 billion dollars, then Oracle supports Sun's infrastructure. Faced with competing products from Teradata and Netezza, Oracle Exadata aligns henceforth v2, combining the latest version of its database (Oracle 11g Release 2) with X4170 servers and storage equipment from Sun x4275.
 
Exadata v2 is marketed in four models to meet different requirements and volumetric power. The full rack configuration has 8 servers and database servers and 14 storage (100 TB per rack space in SAS or 336 TB with SATA). The basic version is limited to two servers at all.
 
After considering the offer, it may be noted that Oracle has not pushed the merger to call home processors from Sun. Exadata v2 relies indeed on servers based on Intel's Nehalem processor and not Sun Sparc technology. In a recent campaign, but Oracle was its willingness to invest in the Sparc servers, more than Sun has done (in development and recruitment). ( Oracle and Sun are teaming up for appliances database )

Rhodia: Distinguished again on the DJSI

Rhodia Announces be distinguished in the Dow Jones Sustainability Index (DJSI World), the first global index non-financial companies that references the most efficient in terms of social and environmental responsibility, for the second consecutive year.

The DJSI World annually assesses the performance of sustainable development of the 2 500 largest global cap on the basis of a questionnaire by industry. Of the 90 chemical companies evaluated, ten of them which Rhodia has been accepted.

Posting a score of 84%, the chemicals group said to have progressed to new environmentally through good management of energy consumption and reducing emissions of greenhouse gas emissions. The group was also distinguished for its responsible purchasing policy and management system Rhodia Way. ( Rhodia: Distinguished again on the DJSI
)

STRATEGECO: new licensing brand in China

STRATEGECO Eneovia Solar announces that it has signed new licensing agreements mark in eight departments and partnership agreements on two cities in China after the forum in Chengdu.

The partners selected to join the group profile of commercial, industrial specialist in the sector of renewable energy and building design.

STRATEGECO Eneovia Solar also announced the opening of offices of Poitiers and Angouleme in Poitou-Charentes, Tours in the Central Region, Township Three Rivers in Guadeloupe and Marseille in the Bouches du Rhone. "Openings and those to come will further enhance the market penetration in the region," said the producer of electricity from solar energy.

All licensees are allowed to generate up to date more than 450 additional contacts in 4 months including more than 100 specifications being studied for the realization of solar power on riding.

The group now covers 22 departments including five abroad. ( STRATEGECO: new licensing brand in China )

Vallourec: Deutsche Bank holds 5.54% stake

In a review of the AMF, Deutsche Bank  AG said he passed up, September 8, 2009, directly and indirectly through its subsidiaries, as a result of acquisition of 'actions Vallourec  off-market, the thresholds of 5% of share capital and voting rights of Vallourec and hold, directly and indirectly, 3,136,605 Vallourec shares representing as much right to vote, or 5 , 54% of share capital and voting rights of that company.
 
Deutsche Bank said he passed up, last September 8, directly and indirectly through its subsidiaries, and as a result of acquisition of Vallourec shares off-market, the thresholds of 5% of capital and human votes of the company.

The bank then holds, directly and indirectly, 3,136,605 Vallourec shares representing as much right to vote, or 5.5% of share capital and voting rights of this group of seamless tubes. ( Vallourec: Deutsche Bank holds 5.54% stake  )

Ben Bernanke: recession is over, but the economy is still weak

For the boss of the U.S. central bank Ben Bernanke, the recession began in December 2007 appears to be over for the United States.

But Ben Bernanke warned the recovery is slow and it will take time for economic activity starts to create jobs. In other words, the unemployment rate will decline slowly.

"Even if a technical standpoint, the recession is probably over, there will probably an economy that appear very low for some time and some people job security is not yet match their expectations, "said Bernanke.

Barack Obama went up the morale of workers in the automotive sector to Lordstown, Ohio. The U.S. president has promised to spare no effort to restore the prosperity of their industry whose collapse would have caused significant damage to the economy.

The indicators seem to go green in turn. Tuesday, it is the consumption figures have been welcomed by Wall Street. An increase of 2.7% for the month of August, something not seen for 3 ½ years. ( Ben Bernanke: recession is over, but the economy is still weak )

An Apple tablet Communicating 9.6 inches in February?

Yes, I know, even a rumor of Apple tablet? But it deserves just as one is interested:
Sources from Taiwan Economic News indicate that it is real, and it has a 9.6 inch touch screen, HSDPA, a processor PA SEMI, a battery "long" and it will cost $ 800 to $ 1000 ...

This new section is more specific than previous rumors and indicates which components manufacturers in Taiwan will support the production. We find the current manufacturer of the screen of the iPhone, Wintek (display), and Dynapack (up to 300,000 batteries per month). This chain must begin delivery to Apple in December.

Since this is the stage hypothesis: would you be willing to put much money into a tablet with no keyboard?

Apple Recruits Former Intel

Steve Jobs, CEO of Apple (NASDAQ: AAPL - news), said Bruce Sewell, who recently was general counsel at Intel (NASDAQ: INTC - news), will become general counsel and 'Senior Vice President' Legal Affairs and governmental group. Bruce Sewell and replace Daniel Cooperman, who is retiring in late September.

Bayer CEO change in a year

Bayer announced several changes to the group head in the coming months, starting with the appointment within a year Marijn Dekkers, currently CEO of U.S. manufacturer of medical equipment Thermo Fisher Scientific (NYSE : TMO - News), as Director General (CEO) of the group.

After joining the board of Bayer on 1 January next year, Marijn Dekkers replaced as CEO Werner Wenning, from 1 October 2010.

During a transitional period, Marijn Dekkers occupy the position of CEO for the health branch of Bayer, replacing Arthur Higgins, who is leaving the German group in the first half.

In addition, Bayer said that its Chief Financial Officer Klaus Kühn leave the group after the next general meeting scheduled April 30, 2010, and will be replaced by Werner Baumann, currently a member of the Board of Bayer Healthcare. ( Bayer CEO change in a year )

Ways To Make Extra Money: Keep Filling Your Bucket But Also Stop The Leaks

By Jeff Wise

As times have gotten tougher, money has gotten tighter. Talk to most people these days and they are just happy to have a job but also mention that they haven't gotten a pay raise in years and just got a 5% pay cut for their hard work and dedication. But we must find ways to make money for kids it in these difficult times. You may have heard the analogy that making money is like filling a bucket with water, the more you make the fuller your bucket becomes. Conversely, there are leaks in the bucket, representing spending, slowly (or quickly) draining your bucket dry. In this article well look at some ways to increase the amount of money at the end of the month.

To reduce spending you must first track your spending. So utilize an excel spreadsheet or pen and paper to track everything you spend in a month. Yes, this sounds difficult but its not that hard if you follow a few simple steps. List your essential expenses first; mortgage or rent, utilities, car payment, insurance, etc. Then move on to other important but not absolutely essential recurring bills. These can include things like health club dues, magazines, DVD clubs etc. Finally, and most importantly, list your miscellaneous expenses. If you honestly and accurately track this you will be surprised at how much money is spent here. After you have this list you can begin to cut out things that you can live without and find more money at the end of the month.

Dining out regularly is really a silent killer because most people don't think twice about eating out. Even smaller expenses like getting your favorite coffee drink at Starbucks every morning. One latte a day can add up to over $1000 in a years time. Think of all the other little seemingly insignificant expenses you have throughout your day and week. So reduce your dining out, stop a huge leak, and end up with a lot more money in your bucket at the end of the month.

Take a good look at some of your recurring expenses that you might be able to reduce or eliminate. Some examples include; magazine subscriptions, movie clubs, extravagant cable TV packages, and health club memberships. So prioritize and chop the most unnecessary things off the list.

So if you can take an honest look at your expenses and make a few changes a little at a time you WILL find that you have more money at the end of the month. Reducing expenses has the same result as finding ways to make extra money.

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Why people want to stop obama at new health care plan?

The Reform of health system continues across the U.S.. The media only talk about it. Is that the reform will or will back Obama? He seems confident. ( Why people want to stop obama at new health care plan )

Since I am in California, only three days, I hear talk that this reform of the health system that has to pass Obama. I also hear people talking about socialism. Some Americans have easy word to mouth without knowing what it really means, if this is the Cuban or Soviet bogeyman for them.

Even the president and cofounder of the green supermarket Whole Foods Market has led to a release on the subject by quoting Margaret Thatcher. This did not please consumers fairly progressive supermarket that promotes organic, equity, ethics and the environment.

Anne Sinclair said the ferocity of Obama's opponents. They will stop at nothing but Obama either. He uses every means possible to promote the reform of the health system and convince the Americans. The return will be difficult.

Richard Hetu points to the release of Katie Couric's campaign against fear and ignorance that leads the opponents of Obama. Remarkably, this bill has more than 900 comments as anything about the summons.

I am of the same opinion that Couric and Hetu. The Republicans are the champions for launch falsehoods to scare people. Dreadful while the Americans, the poorest have no access to medical coverage. Also, I like the idea of cooperatives. But there was one thing I am certain. The private sector has no business in health. We can not make money on the health of citizens. It is simply immoral. We must treat them, simply, no matter their status or size of their portfolio.

Obama has made reform of the health system a priority of his mandate. This is a hand that 47 million Americans who lack medical insurance coverage have become one and the other to save on health costs that are increasingly heavy.

A reform that goes wrong

But for now the various projects are discussed and negotiated for weeks in the House of Representatives and the Senate have not yet reached a final project and they are all subject to an intense campaign of denigration by the Republican Party on this occasion supported by private medical insurance.

The more outrageous the criticism has been repeated ad nauseam at once paid advertising on television and of course at events during the tour that Obama has made in the country to defend its reform. Obama has been accused of wanting to achieve socialism in the U.S. by nationalizing the health care system! The campaign of Republicans said that a committee appointed by the government could decide to euthanize those whose care is too expensive! Disabled people are convicted, the elderly would have their care rationed. Obama had to defend themselves and "to switch off Grandma!

Despite all his efforts, Obama has failed to restore confidence in the project, including among Democratic voters, and his popularity has suffered a sharp fall this summer.

The outline plan

To cover those who have no health insurance, Obama plans to extend a hand to the poorest of them, some 10 to 15 million people, Medicaid is an insurance paid for both by the federal government and various states. As for the thirty million people uninsured remaining, it will force them to pay for medical insurance, just when most are not insured because they can not afford! Those who do not will ensure all the same to pay a fine! Certainly, it is about giving a little something to help some people to pay, most still remain dependent on them. The idea was first used to establish a public health insurance that would compete with private insurance and by obliging them to lower their tariffs. Finally it may be that companies that pay health insurance to their employees are relieved of the obligation which they claim it costs them far too expensive (9.9% of payroll), rates of insurance companies rose much faster than wages.

All these projects have raised an outcry. Extending Medicaid to be funded initially by the federal budget should then be co-financed by the states, which arouses the indignation of the governors who say their state is already on the verge of bankruptcy. The Republicans, strongly supported by private insurance, have embarked on a frenzied campaign against the interference of government in the privacy of citizens to the point that Obama is not so sure that we should introduce a system Public Insurance. In any case, he said that it was not essential for reform! But most striking is the echo that seems delusional propaganda that has been in the population and especially among the elderly.

The reverse of the coin

As shown, it is by no means a complete overhaul of the system, but only an obligation for all of them incorporate a requirement that they will be expensive and not all will have the means to cope even with the help of public finances. For them the notes will also be very heavy since the figure estimated trillion dollars over 10 years. And this for the benefit of private insurers.

But Obama has repeatedly said that the cost of the health system was unsustainable and that its "reform" aimed to make savings. It is not difficult to understand that keeping the same health insurance system and extending it to all, the cost can only be increased unless they gripe about the funding that already exists. This was well understood that the elderly receive a federal health insurance, called Medicare, which Obama has repeatedly stated that it could achieve substantial savings. It would matter to trim some 200 billion on this program. Some 10 million people are affected by the type of planned economies and their concern is understandable.

In fact, campaign, anti, whose goals are ultra-reactionary found fertile ground in the distrust of the working population to the "reforms" to make savings. Mistrust well justified by experience that savings, it is always the same ones who are paying the price and certainly not the richest.

A team that raises the suspicion

The team that drives the reform desired by Obama does not inspire confidence. The one who directs the Office of the reform of health set up to Obama in the White House, Nancy-Ann DeParle, has already prevailed in 1997 under Clinton, to head the financing of the Medicare federal, introducing conditions which allowed private insurance companies to extract billions of dollars in additional Medicare program. She also advised the goupe JP Morgan in its investments in the field of medical insurance. She has worked with pharmaceutical companies and private hospitals. In short, is a specialist private profits achievable in the field of health.

And Obama chose as the leading advisor on a physician that the Republican campaign has been treated this "Doctor Death" by producing truncated quotations from his writings. This is Dr. Ezekiel J. Emanuel, the brother of the Chief of Staff of Obama and bioéthiste oncologist who specializes in the study of cases of conscience when deciding which patients will be treated in case of lack of treatment he also written on the accompanying end of life. Hence the campaign about grandmothers who are disconnected and disabled who have more right to treatment. Obviously the doctor never said it, but it is nonetheless a supporter of allowing or not the use of any medical equipment or a particular drug for any particular patient depending on the value, a system that already exists, unfortunately, Great Britain under the misleading name of National Institute for Health and Clinical Excellence, NICE (nice, neat, in English)! It did not take more fuel to the excesses of the Republican propaganda and ... concern for future patients!

Obama wants to allow anyone, insurance, private hospitals, laboratories, medical equipment manufacturers to continue to make profits through shameless patient and public financing, giving them even a new market of millions of prospective policyholders. He can not both provide proper medical coverage and height of the progress of medicine at the whole population and savings to the federal budget. No, what is certain is that if Obama succeeded in passing a law, the general public will pay dearly for very minimal benefit and only those who can afford private insurance will be very expensive to access quality care. Nothing in the draft Obama justifies that the people be trusted.  Why people want to stop obama at new health care plan?

September 13, 2009

Gameloft: the stock rises after sales of Apple

The title Gameloft  took 3.7% on Thursday, shattering the threshold of 3 euros, and thus inscribing his new record this year, to 3.1 euros. This follows the announcement by Apple (NASDAQ: AAPL) to strong growth in sales of iPhone.

On the occasion of his 'keynote' last night, Apple reported price declines, a new

iPod nano with a camera and a speaker with a larger screen, and introduced changes to its flagship products (iPhone 3.1, iTunes and iPod 9) and many games.

Notably, the App Store has 75 000 applications available downloads 1.8 billion (1 billion in February and 1.5 billion in July) and 100 million customer accounts. For comparison, the Nokia Ovi Store (Xetra: 870737 - news) has 1.7 million users and Samsung will launch its App Store 'with 300 applications.

Otherwise, the iTunes 9 contains several innovations such as ringtones for the iPhone. Apple sold 8.5 billion songs that the group 1 music retailer in the world. The group also announced the availability of movies on iTunes.

The iPhone has sold 30 million units since its launch (2 years).

The iPod has 73.8% market share, far ahead of Microsoft (NASDAQ: MSFT) (1.1%) and 20 million units sold. The iPod and the iPhone is positioned as a true game console, which should benefit Gameloft, said the bureau analyzes Aurel. ( Gameloft: the stock rises after sales of Apple )

September 10, 2009

Two funds of Goldman Sachs take 21% of Eurotunnel

Two investment funds of U.S. bank Goldman Sachs (GSIP) will take a combined 21% of Eurotunnel and become the largest shareholder of the operator of the Channel Tunnel. The title jumped at the Paris Bourse.
(AFP) - The two funds were heavily involved in March 2008 to increase the capital of Eurotunnel, a transaction in securities redeemable in shares (TSRA). They just opt for the refund action of these titles.

This subscription was allowed Eurotunnel to reduce its debt and pay its financial expenses. The TSRA is reimbursable from Monday and for one year.

"The reimbursement should be made in the month of September," said a spokesman for Eurotunnel told AFP.

Quoted by the press, Jacques Gounon, the chairman and chief executive officer of Eurotunnel, said the arrival was "long-planned".

In February 2008, the operator of the Channel Tunnel had launched a capital increase for a total of 1.7 billion euros.

The group had started its recovery in 2007, releasing for the first time a profit of one million euros, after years of financial woes that led the company to the brink of bankruptcy.

In 2009, Eurotunnel has paid for the first time in its history a dividend to its shareholders, with a net profit of 40 million euros reached in 2008.

In January 2009, institutional investors accounted for 31% stake in Eurotunnel, small shareholders 34% and M & G Investments (Prudential group) 7% ( Two funds of Goldman Sachs take 21% of Eurotunnel )

Goldman Sachs earned more than 100% since January!

The way Goldman Sachs (NYSE: GS) climbed again for the fifth straight session, and displays a gain of 1.5% to $ 172.8. He thus finds its value in early September 2008! Recall that under the banking group had touched a low of $ 49 last November 20. Since the beginning of 2009 the title has taken over 100%.

Electronic Arts: Goldman Sachs degrades


Goldman Sachs (NYSE: GS ) downgraded today to "buy" to "neutral" recommendation on the title of group games Electronic Arts (NASDAQ: ERTS). The aim of the course appears to broker $ 21. GS said that expectations of the group's results are now below the consensus. The title is currently losing 2% to $ 18.15 on Wall Street.

Goldman Sachs downgraded today to "buy" to "neutral" recommendation on the title of group games Electronic Arts (NASDAQ: ERTS - News). The aim of the course appears to broker $ 21. GS said that expectations of the group's results are now below the consensus. The title is currently losing 2% to $ 18.15 on Wall Street. ( Goldman Sachs earned more than 100% since January!  )

Comcast: a merger with Time Warner Cable would be very beneficial

Citigroup (NYSE: C ) issued a note on Thursday, underscoring the potential benefits in case of merger of the two countrymen U.S. Comcast and Time Warner Cable (NYSE: TWC). The broker considers that such an operation would be carrying on costs, credit rating, wireless strategy (...). With this in mind, Citi boosts its price target 35 to $ 45 on TWC, recommended the purchase, and also maintains a positive view on the value of Comcast with a target of over $ 20 on Wall Street. ( Comcast: a merger with Time Warner Cable would be very beneficial )

BNP Paribas: The bank is a winner of the crisis, according to JPMorgan

JPMorgan raises its rating to overweight from neutral on BNP Paribas and raising its target price from 50 to 66 euros. "The bank is a winner of the crisis," the analyst wrote in a note on investment banks in the world. He welcomed the acquisition of Belgian bank Fortis, which has enabled BNP Paribas to increase its European network and acquire large deposits (140 billion euros) in financial conditions of interest. Moreover, thanks to good market conditions this year, the group has gained market share in fixed income products, which enabled it to offset the impact of the rising cost of risk, with losses for doubtful Dubious estimated at 9.7 billion euros for 2009. BNP Paribas should have, including Fortis, a loan portfolio of 707 billion euros at the end of the year, one of the largest in Europe, which, combined with standardization of expected cost of risk in 2011, allows BNP Paribas to be well positioned when the demand for credit will rise, says JPMorgan. ( BNP Paribas: The bank is a winner of the crisis, according to JPMorgan )

JPMorgan falls to 66 EUR

While Societe Generale is the value of JPMorgan favorite among large banks in France, the broker believes that BNP Paribas is also extremely well placed to benefit from an improved credit environment.

That is why JPMorgan is now its recommendation on BNP Paribas to "Neutral" to "Overweight" with a new target price of 66 euros (50 euros cons).

The broker finds the attractive valuation based on a 7.6 x estimated results for 2011 and 1.1 x equity.

"BNP Paribas has survived the crisis relatively well, the fundamentals look very strong, the group is well positioned for growth with strong cash position and potential related to the activities of Fortis, JPMorgan wrote. ( JPMorgan falls to 66 EUR )

Google promises to open its digital library to its rivals

Attacked its decision to scan and put online millions of books, Google announced it will open its digital library to booksellers and competitors.

The Internet giant made the announcement during a hearing before the Committee on Justice of the U.S. House of Representatives convened to consider a draft agreement drawn up by agreement in 2008 between Google and the authors and American publishers.

The compromise, which must be considered by a court in Manhattan October 7, is now of opposition from several libraries, which fear ending up facing an unavoidable and expensive service, and Google's competitors, concerned to see assume a dominant position on a potentially lucrative market.

"Google will host on the Internet digital books (depleted in bookstores), and retailers like Amazon, Barnes & Noble or your local bookseller can sell access on any device connected to the Internet," said the group in Mountain View a statement.

This post will cover most of the books available on Google Books, for the majority of authors published paper should decide not to go through Google, "said Paul Aiken, head of the Guild of American authors.

Asked if he was a major change in the draft agreement, the legal officer of Google, David Drummond, told Reuters: "Yes and no. We have always been design to build service opened. "

"Compulsory license"

During the parliamentary hearing on Thursday, the head of the authority responsible for compliance with U.S. copyright lashed the giant California.

The draft agreement that creates and improperly a compulsory license on the books, said Marybeth Peters.

The head of the Copyright Office explained that the institution had initially welcomed the compromise proposal with favor, but she quickly changed her mind because the agreement not only to correct past damage extending also to future situations.

"The agreement could alter the landscape of the law on copyright," she told the committee. "The agreement would force the authors and publishers and their heirs and successors, to follow these rules even if Google has not scanned their works and no one will perhaps ever," reads the text intervention of Marybeth Peters.

She said Google may be wrongly allowed to post any book sold out in bookstores without seeking permission from rights holders.

Upload entire books without permission on Google Books is "unquestionably a violation of copyright," Judge says.

Marybeth Peters also argues that foreign authors were concerned by the draft agreement, sometimes because a copy of their work appears in a research library. Countries like Germany and France have expressed reservations about the draft agreement.

For his part, David Drummond has found the company in Mountain View "compliance (have) full legislation on copyright. Access to books via the Internet could facilitate research by students living in remote areas or with disabilities, "he argued.

The compromise between the California group and the authors and U.S. publishers provides for payment by Google of $ 125 million (87 million euros) to compensate authors.

Paris and Berlin are particularly concerned about the risk of infringement of copyright and wonders about the fate of European orphan works, which Google could monopolize the scan. A senior French official, France had to share its reserves this week with American justice. ( Google promises to open its digital library to its rivals )

TUI TRAVEL PLC: No signal drop to very short term

SYNTHESIS

The MACD is positive and above its signal line. This configuration confirms the proper orientation of the track. We note that the upside potential of the IHR is not exhausted. The stochastic, for their part, are in the overbought area, a correction is likely in the short term. Trading volumes are below average volume for the last 10 days.

MOVEMENTS AND LEVELS

The title is directed upward. It is above its moving average 50 days. The moving average is 20 days above the moving average 50 days. The support is 230.43 with p, then p 216.44 and 272.43 resistance is p, then p. 279.42. ( TUI TRAVEL PLC: No signal drop to very short term )

A year after Lehman Brothers, the risk of depression is ruled out

Taken very seriously a year ago, just after the bankruptcy of Lehman Brothers, the threat of a new "Great Depression" comparable to that of 1930 now seems ruled out, thanks to massive state intervention.

Forecasters estimate that the global economy has resumed growth after a recession that should nevertheless be remembered as the worst since that of 1929-1933, but behind it by its magnitude.

For Marc Touati, director of economic research of Global Equities, the fear of a repetition of the crisis of 1929 should reach the avian flu, SARS and the computer bug in 2000 in the list of economic disasters remained state predictions.

This table includes reassuring, however, a gray area: if the global economy recovers, thanks to the thousands of billions of euros pumped by central banks and governments over the past year. The next big challenge will be the timing and pace of their withdrawal as it should be done without causing a relapse of the activity or excessive resurgence of inflation.

"For now, the recession does not seem so terrible", summarizes Thomas Mayer, chief Europe economist at Deutsche Bank. "But now accounts has not yet come."

Finance ministers from the G20 meeting in London September 5 felt it would be premature to reduce support to the economy, which is equivalent in value to 2% of world GDP this year and represent 1.6% in 2010, according IMF estimates.

Experts do not all agree on the assessment of risk of relapse in the global economy but the worst of the crisis appears to belong to the past, at least with regard to world trade and industrial activity .

As the stock markets, they have solved unambiguously upward path: the MSCI World Index has returned since March two thirds of the ground lost after the collapse of Lehman Brothers.

OUTPUT OF CRISIS SENSITIVE TO ACCOMPANY

The global indicators are really rare, but if one believes the Office of Policy Analysis Economic Netherlands, which compiles official data about 70 countries, the overall industrial production rose 2.0% in June compared to May, while international trade increased by 2%, the most since July 2008.

"It is probable that the economic recovery is relatively slow, but even if it does, it will be a performance far superior to that of the 1930s," said Jorgen Elmeskov, chief economist at the OECD.

The Paris-based organization announced September 3 that the third quarter, which ends in three weeks, should result in a return to growth.

Overall, U.S. GDP fell by 3.9% over four quarters, according to Reuters calculations. and in the euro area, the fall in GDP was around 5% in five quarters as calculated by Eurostat. But economists Federal Reserve Bank of St. Louis (Missouri) estimate that about 2% average decline in GDP caused by a recessionary cycle.

The recession ends will have been historically violent, but we must remember that U.S. GDP had fallen by about 25% during the Great Depression.

Although the recovery seems at hand, the risk of relapse is far from being rejected and regulatory authorities worldwide call to take the faster the lessons of the crisis to avoid the formation of a new bubble credit.

"This downturn is more like the early 1990s, when the Fed had reduced interest rates, which led to interest rates very low in Asia for a long period, then the burst the asset bubble in 1997, "said Frederic Neumann, HSBC's Asia economist in Hong Kong.

"This time again, the Fed will have to keep interest rates low for a long time (...) This means that interest rates in Asia are low, which could lead to another bubble."

For Thomas Mayer, Deutsche Bank, central banks are torn between the need for up interest rates gradually as the return to growth and the persistence length of some large banks to maintain low rates for financing their activities.

"When the real economy is recovering faster than the financial sector, it comes soon to talk of withdrawal of support, but central banks will have a hard time to remove them as soon as the real economy out of crisis and there is the real problem, "said the economist. ( A year after Lehman Brothers, the risk of depression is ruled out )

Citigroup collapsed 40 percent, leading the U.S. indices

Breaking the record of number of shares ever traded on Wall Street, with a trade volume of 1.77 billion shares traded, Citigroup has shrunk by 39% to $ 1.50 after announcing an increase in participation the federal government in the financial group.

Brussels  The downward trend has not scored a break for the final session of the week on Wall Street. Before becoming aware of the revised figures for U.S. growth, which showed that U.S. GDP had dropped 6.2% in the fourth quarter at an annual rate, the market had learned earlier that the U.S. would up more stake in Citigroup. "The market sentiment has turned sour," according to a U.S. analyst.

September 9, 2009

Palm: fall after a price drop, launches Pixi

Palm (Nasdaq: PALM) fell 4.9% to 14.2 dollars in Wall Street after announcing a price cut for its Palm Pre conjunction with the launching of a new laptop called Pixi.

The California group has decided to reduce the price of Pre Palm, Smartphone launched a few months ago with Sprint in the U.S. at $ 149.99 with a two year subscription.


Palm also announced Tuesday the Pixi, a new mobile platform WebOS. 'In addition to its ability to link information from Google (NASDAQ: GOOG), Facebook and Exchange ActiveSync, Palm Pixi integrates Yahoo (Nasdaq: YHOO)! Palm and LinkedIn to Synergy and assemble all in one view 'says the manufacturer of personal assistants. ( Palm: fall after a price drop, launches Pixi )

Lehman Brothers Bankruptcy : Securitization in Europe is marked

The European market for securitization struggling to recover from the bankruptcy of U.S. investment bank Lehman Brothers while billions of euros of assets remain frozen in the context of multiple legal proceedings.

Hundreds of billions of euros of complex debt products have been sold at the highest market with guarantees ranging from commercial real estate assets expected revenue from sporting events.

The credit crisis that began in the summer of 2008 had seriously undermined the market and the bankruptcy of Lehman Brothers gave the coup de grace, leaving the origination teams looking for a way to boost this activity once so lucrative.

Signs of recovery emerged in recent weeks with a restart of operations, but with much more editing simple and transparent for investors.

"Securitization return is too good a tool to be abandoned," said Conor Downey, specialist finance law firm Paul Hastings.

Before the outbreak of the credit crisis, banks have heavily used the complex debt instruments for transferring risk to financial markets and thus generate new lending capacity, thus increasing their profits while reducing their capital requirements imposed by regulation .

These complex instruments such as "asset-backed securities (ABS receivables backed by assets) or" collateralized debt obligations (CDOs, bonds backed by assets) were held responsible for the development of the credit crisis because they hindered the identification of the ultimate holders of risk.

Bankruptcy of Investment Bank


The unwinding of securitization operations mounted by Lehman Brothers, which reached nearly 40 billion euros at the time of the bankruptcy of investment bank, has shown how the market was unprepared for an event so unexpected.

"It is incredibly complex because of the large number of different elements to coordinate and also because of the many ambiguities and discrepancies between the information (editor's note attached to each operation), said Elizabeth Goodall, a former employee of Lehman Brothers now employed by the consulting firm JC Rathborne, specializes in the unwinding of securitization transactions.

In many operations mounted estate securitization by Lehman, the bank was itself a return on such matters as rate swaps necessary to carry out the operation, said Elizabeth Goodall.

The unwinding could prove particularly intractable and lead to legal entanglements, as illustrated by the debate provoked by the decision in terms of safeguarding the company that owns Coeur Defense tower located in the business district of Paris and bought in July 2007 by Lehman Brothers through a securitized credit.

The speed of the collapse of Lehman has failed to appeal to new counterparties, leaving many operations plan and trigger cuts in credit ratings by agencies and losses for investors, says she.

With these lessons, new investors in securitizations will avoid complex structures that were flourished during the boom years of the loan and will focus on simple transactions where the risks are clearly identified, says Stuart Jennings' s rating agency Fitch Ratings.

"When investor demand will come back, it will probably focus on basic products," he says.

The ABS simplest, where the risk structure is easy to analyze, will be among the first to restart and operation of recent structured finance collateralized by assets of the retail group Tesco is a good example, says Stuart Jennings. ( Lehman Brothers Bankruptcy : Securitization in Europe is marked )

CEO of Goldman Sachs warns against excess regulation

The CEO of Goldman Sachs called the policy makers who wish to restore confidence in financial markets to refrain from creating a system "designed to fully protect us from the storm of the century".

Wanting to reform radically the international financial system after the upheaval caused by the bankruptcy of Lehman Brothers is natural, but "completely remove the risk of the system will be at the expense of economic growth," warned Lloyd Blankfein.

"Economic history has taught us that innovation, new industries and new jobs arising require risk taking," he said in a speech prepared for his speech at the conference "in Banks Transition ", which meets annually at the Frankfurt banking elite.

The CEO of Goldman Sachs acknowledged that the sector had allowed the expansion and complexity of some new financial products than their economic and social utility and operational capacity to use them.

The reforms under development should conserve viable instruments while mitigating risks by putting in place the appropriate infrastructure and incentives, "he judged.

He expressed support for greater transparency in the derivatives and the use of standardized products whenever possible. He believes however that the credit default swaps (CDS) are good instruments.

CEO of Goldman Sachs fears an excessive regulatory
While the bank is widely criticized recently in the United States, Lloyd Blankfein said that "completely remove the risk of the system will be at the expense of economic growth.

One year after the bankruptcy of Lehman Brothers, the big U.S. banks would like to avoid a too rigid regulation. Speaking at the conference "Banks in Transition" Wednesday, September 9 in Frankfurt, the boss of Goldman Sachs, Lloyd Blankfein, has asked policymakers to refrain from creating a system "designed to fully protect us from Storm of the Century ".

"Taking risks"

"Remove completely the risk of the system will be at the expense of economic growth," he warned. "Economic history has taught us that innovation, new industries and new jobs arising require risk taking.
The officer acknowledged, however, that the banking sector had allowed the expansion and complexity of some new financial products than their economic and social utility and operational capacity to use them. He particularly supported greater transparency in derivatives, use of standardized products whenever possible and to resume the balance sheets of investment vehicles off-balance sheet (SIV ) established to cover risks that the parent does not want to assume.
He also called for better coordination between regulatory bodies and countries in each country, as well as rules for financial compensation, which "continues to generate controversy and anger." On this last point, he wants the bonuses of senior executives are paid more in shares, with payment spread and no guaranteed bonus.

Big profits and comfortable bonus

With massive profit in the second quarter (approximately $ 3.5 billion), Goldman Sachs has been heavily criticized in recent months the United States, where its main rival, Lehman Brothers, Bear Stearns, Merrill Lynch-disappeared or been purchased last year. It is indeed charged with returning to practice before the crisis would have expected to pay bonus to comfort his staff this year as it has assisted 10 billion dollars U.S. government. An amount that has been refunded to regain its autonomy.

In a very recent article noted Rolling Stone columnist Matt Taibbi has accused the bank's business, very influential in Washington, having been at the heart of all recent bubbles (internet, real estate ...) and called it a "gigantic vampire clinging to the face of humanity, clutching his veins to pump anything resembling money." ( CEO of Goldman Sachs warns against excess regulation )

Apple lowers price of its iPod

The press conference of Apple (NASDAQ: AAPL) held this Wednesday in San Francisco was highly anticipated ... First announcement of the mark to Apple, the lower prices of its iPod music player. The price of model 16 Giga is now $ 249 against $ 299 so far, while the iPod 8 Giga is worth more than $ 189 against $ 229 earlier. The firm of Steve Jobs also announced that its iPod Nano 16 Giga now worth $ 149 against $ 189 previously, while the 8 Giga will cost $ 129 against $ 149 earlier. Advertisements probably followed by other ... some experts expect Apple unveils new iPod later in the day. ( Apple lowers price of its iPod )

Why Steve Jobs Return to Apple ?

For the first time since his return to Steve Jobs, PDGd'Apple (NASDAQ: AAPL), appeared in public during the press event held by the mark to Apple this Wednesday in San Francisco. After being away from his office for over six months due to serious illness, Steve Jobs, who rejoined the company in late June, then clearly mark his return to the head of Apple.

Steve Jobs standing ovation for his reappearance

This is Steve Jobs himself who chaired the conference back to the famous mark to Apple. "I am very happy to be with you today," said Apple chief executive who has been standing ovation for his first public reappearance since 2008. "There are about five months I had a liver transplant, so I now have the liver of a person twenty years who died in a car accident and who was generous enough to donate its organs, "said Steve Jobs, slim and wearing his usual black turtleneck, saying" back to Apple, and loved every minute "it goes.

Steve Jobs, 54, had taken sick leave between January and late June, and marked his return to being quoted in press releases but without appearing in public. CEO charismatic, inspiring the global success of iPods, smartphones and iPhone Mac and regarded as a visionary of the computer, came to embody the company's apple bitten. He had been operated on for pancreatic cancer in 2004.

No new major

The charismatic CEO, who inspired the worldwide success of iPods, smartphones (mobile multi-function) iPhone and Mac computers, and regarded as a visionary of the computer, came to embody the company's apple. Before his sick leave, analysts were concerned more for his health he had been operated on for pancreatic cancer in 2004. On Wednesday, he took care to thank the management team that took over in his absence, particularly as Chief Operating Officer Tim Cook.

The news presented Wednesday at the start of the conference have remained relatively minor, not confirming the rumors that had circulated in recent days on the entrance of the Beatles catalog in the rays of the iTunes online music store or the release of a Tablet PC. Apple has instead touted improvements in the functioning of the iTunes store and App Store applications.

The "Genius" system available on the "iTunes 9" allows you to organize the selection of songs by guessing the user's preferences: "It is like a great DJ or radio station you love," he Mr. Jobs said. iTunes will also offer access to the material that accompanied the traditional vinyl albums, including pictures and lyrics. "Some of us are old enough to have bought the albums," said Jobs, who has shared the stage with other leaders of the group.

The price of players down

Regarding the store App Store, accessible to 30 million of 20 million iPhones and iPod Touch sold so far, Mr. Jobs said it would now download ringtones to phone (for 1, $ 29 each), and had already given rise to 1.8 billion downloads since its launch in summer 2008.

Regarding the players, the U.S. manufacturer has introduced Wednesday a new version of its iPod Nano music player small, equipped with a video camera. Apple wants to "enable music lovers to film wherever (...) and easily upload their videos on YouTube. Available starting Wednesday the United States for a price ranging from 149 to $ 179 (for 8 or 16 gigabytes), this little device is colored brushed aluminum with a 5.5 inch screen, and can contain from 7 to 16 hours of video. Moreover, prices of brand players are down. The iPod Touch with 8 gigabytes would now $ 189, against 229 previously. The single player, without touchscreen, iPod Classic now cost $ 229 for 120 gigaooctets, and the miniature version iPod Nano costs $ 149 instead of 199. ( Why Steve Jobs Return to Apple ? )