News & Financial Advice

EADS announced that it is more of its objectives in 2010, reinforced by the recent trade performance of Airbus, its flagship division.

The European aerospace and defense, however, reported first-half results down, therefore including exceptional negative currency effects.

During the period January to June, the adjusted operating profit – before interest, taxes, goodwill and exceptional items – EADS fell 54% to 406 million euros.Net income decreased 51% to 185 million while turnover was up 1% to 20.3 billion euros.

The evolution of exchange rate weighed on operating profit adjusted to 550 million euros.

In the second quarter alone, adjusted operating income down 51% to 323 million euros, net profit plunged 61% to 82 million and revenues fell 3% to 11.35 billion.

For this period, 14 analysts polled by Inquiry Financial Europe AB anticipated adjusted operating profit of 285 million euros and a net profit of 146 million and a turnover of 11.25 billion.

Given the high level of orders placed at Farnborough Air Show in July, Airbus now believes it could end the year with over 400 gross orders when he was 300-400 commands at beginning of year.

Deliveries should be on their side on some 500 aircraft (498 in 2009) and the manufacturer plans to increase the production rate of its single-aisle aircraft from 34 units per month at present to 40 units per month from the first quarter of 2012.

Penalized by a more difficult environment, the helicopter manufacturer Eurocopter for its part should register a level slightly lower than shipments in 2009.

EADS now expects to post revenues of more than 44 billion euros in 2010 on the basis of one euro to 1.35 dollar but maintains its objective of operating income adjusted to about one billion euros.

When presenting its first quarter results, the company said it expected to reach a turnover "broadly stable" – he had totaled 42.82 billion euros in 2009 – on the basis of a euro to $ 1.40.

Wall Street opened up after the publication of a series of better than forecast, reassuring investors who feared a slowdown in U.S. economic recovery.

A few minutes after the start of trading, the DJIA gained 0.22% to 10,252.59 points, the Standard & Poor's 500 index 0.44% to 1087.88 points and the Nasdaq Composite 0.35% to 2230.22 points.

The title Apple earned $ 262 4% after reporting a result well above expectations, boosted by higher sales of its Mac computers.

Prices are also supported by banking stocks Morgan Stanley and Wells Fargo have both published results better than expected, reassuring investors concerned about the health of the U.S. banking sector.

Both titles and took respectively 7.06% and 4.36% in early trade.

Sales at department stores conducted between last Wednesday, the first day of sales, and next Saturday are up 10-17% in Paris and about 6% in the province over the same period of 2009, told Reuters Claude Boulle, Chairman of the Union of the great trade center (UCV).

This period, during which traders are allowed to sell at a loss, will end Aug. 3.

"We are surprised by such enthusiasm," said Claude Boulle, who gives the rain, precipitation related to the timing of sales compared with the academic pace and demands of tourists, especially from emerging countries like Asians or Brazilians.

Claude Boulle, however, refuses "to be triumphalist" for now because, he says, should not at this very good start followed by a drop in purchases after July 15.

"The balances are played on a shorter and shorter," he observes.

As every year, the discounts offered in the department stores were included in 30 and 50% and new markdowns could be proposed "if there are still things to sell," added Claude Boulle.

The TCU brings together nearly nine billion euros in turnover with 600 stores in 300 cities in France, such as Galeries Lafayette, Printemps or C & A.

Offer Pigasse-Bergé-Niel got the endorsement Monday of the supervisory board of the World allows both parties to enter into exclusive negotiations to resume and recapitalization of the newspaper said Monday the company director of the editors of World.

France Telecom announced earlier in the day that it would withdraw its offer of resumption of the World after the supervisory board, with the competing offer Friday received strong support from employees every day.

Two meetings were held in the afternoon.The supervisory board of the World Ltd has approved 13 votes for and 5 abstentions, while the supervisory board of the World Partners and Associates, which owns 60% of the World Ltd, has voted with 11 votes with 9 abstentions, told Reuters Gilles Van Kote of the Society of Editors of the World.

The latest version of the legislation on the reform of financial regulation has been adopted Friday by a committee of Parliamentarians American.

To be finally ratified, the text must still be approved by the Senate and the House of Representatives, then be subject to presidential signature by July 4.

U.S. legislators have therefore put a stop to the proposed overhaul of financial regulation in the country, having reached agreement on new restrictions on banking activities and proposed a compromise on the issue of derivatives.

It was around midnight at the U.S. negotiators Democrats have managed to find a first ground on the two thorniest issues of the bill.

The two clauses in question are intended to protect the banks' assets in risky activities of proprietary trading, causing the financial crisis of 2007-2009 which resulted in a deep recession and have led the state to fly to the rescue of the banking sector.

The Democrats were under pressure to complete their work within the next few hours, before President Barack Obama becoming engaged in discussions with leaders at the G20 summit in Toronto this week-end.

After 15 hours of intense negotiations, Democrats have finally agreed on a modified version of the so-called "Volcker rule" designed to restrict trading on own account and prohibit banks or the least strictly regulate their involvement in hedge funds and private equity investment.

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This relaxation would allow such banks to invest up to 3% of their total Tier 1 capital, core capital in hedge funds and private equity investment.

The project oversight of the derivatives market has however more trouble for lawmakers.This market 615,000 billion has to exacerbate the crisis and led to such a rescue of 182 billion dollars of public money for the insurer American International Group.

Democratic Senator Blanche Lincoln has reached a compromise with Treasury representatives aimed at forcing banks to divide their swaps which will also offer the opportunity to reach a wider variety of house swaps.

After hours of negotiation, other Democratic lawmakers have finally reached its position.

Dozens of Democrats in the House of Representatives, saying it would strengthen offshore activities, threatened to vote against the entire bill if continuation of this proposal.

Carrying out such a bill would be for Democrats a victory on the legislative front, after the health reform passed this year, more significant than the midterm elections will be held in November.

If the purpose of this bill, which has nearly 2,000 pages, is to avoid a global crisis similar to that which began in 2007, it will create a strong contrast constraints on the banking sector and could deprive him of several billion dollars in revenue.

Wall Street has launched major maneuvers to sink the project, despite a growing popular protest criticizing the bank failures and bonuses of executives. The Democrats had to suppress their ambitions, however radical overhaul so as not to deprive the votes of parliamentarians "centrist".

Wall Street fell nearly 1.5% on Thursday because of concerns about the state of the economy after the lukewarm assessment of the Federal Reserve on the pace of recovery in the United States.

The Dow Jones 30 industrials surrendered 1.41% or 145.64 points at 10,152.80. The S & P 500 is broader, lost 18.35 points, or 1.68%, to 1073.69.The Nasdaq Composite fell on its side of 36.81 points (-1.63%) to 2217.42.

The U.S. stock market has also suffered from the approach end of the legislative process of the radical overhaul of financial regulation, which should translate into lower profits for banks.

It is likely that the Democrats will retain bargaining provisions to severely restrict the activities of the banks own account, and some of their investments, not changing the text at the margin.

JP Morgan Chase and Bank of America have respectively lost 2.21% to 38.03 dollars and 2.66% to 15.02 dollars while the S & P financials grouping yielded 2.07%.

The good statistics of the day – orders of durable goods fell less sharply than expected enrollment and weekly unemployment fell more than expected – were enough to overshadow the comments of the Federal Reserve recognizes the fragility of economic recovery U.S..

"There has been little good news this week and reformed the financial system has further obscured the situation," said Alan Lancz, president of Alan B. Lancz Associates.

In terms of values, as Dell has lost 6.44% at 12.93 dollars, the investors had not been very convinced by the growth strategy announced in the day by the manufacturer of micro-computers.

At the opening of the Social Summit to be held Monday, May 10th at the Elysee Palace, Nicolas Sarkozy, has declared Monday, May 10 against the renewal of exceptional measures to support the purchasing power of households decided in 2009. "These extraordinary measures have completely fulfilled their duty as French consumption has increased despite the crisis" and "household demand continues to be resilient today," observed the head of state before the social partners.

"I know some of you would like these measures should be renewed," he said, "but you know that France can not remain isolated in this way, it would be disastrous for our competitiveness.""After considerable effort we have provided during the crisis, we must engage now initiate the recovery of our public finances," insisted the head of state.

Nicolas Sarkozy has however decided to extend aid to companies resorting to partial unemployment or recruiting young alternately. Saying that he must "not let down our guard," the president assured commitment to continue to spend on employment policies all means necessary ".

Referring to measures to support the partial unemployment (more than 400,000 beneficiaries in 2009) and conversion of retrenched (CRP CTP), the Head of State said that "we must maintain." It sought to reinforce "still" training employees partial unemployment, whose record was mixed. Mr.Sarkozy has also expressed support for experimentation on several employment areas of the enhanced support of employment transition agreement (SOC) for former interim or ex-CSD. A measure sought by the unions and raised by the government in 2009 but never implemented.

He also briefed the sides met in the Elysee why it was "conducive to the extension of aid to the alternation, ie the State aid paid by employers who recruit a young apprenticeship or contract professionalization. According to the President of the Republic, these aids provide "fragile but encouraging results.We can not risk putting them at risk.

Regarding the measure "zero load" given to very small businesses (fewer than 10 employees) since late 2008, it nevertheless considered that "it has served its purpose at the height of the crisis and is less necessary with the start of the recovery since the fourth quarter of 2009. Such assistance already extended for six months, must be interrupted on June 30 Launched in December 2008, the "Zero charges" is equivalent to one year in aid of 185 euros per month for an employer hiring a worker at minimum wage. Approximately one million workers were recruited under this scheme, which recognizes employers that generates windfall because the company receives assistance even in cases where it would have hired anyway.

Mr.Sarkozy, however, wanted to build this device exemptions from employer contributions to support the hiring "of specific audiences, especially older people, due to an unspecified. The Head of State has asked the Labour Minister Eric Woerth, in conjunction with those of the job (Christine Lagarde, Laurent Wauquiez), to make proposals, finding it interesting to develop tutoring seniors.