All World

LVMH has once again launched an appeal Monday to bury the hatchet with Hermès, asking shareholders to believe in the saddle its peaceful intentions.

The Vice-Chairman of LVMH spoke at the general meeting of Hermes, the first since the sensational arrival of the giant world of luxury in the capital of the saddle, will make a statement saying "solemn."

While announcing that LVMH – which owns 13% of the voting rights of Hermes – would vote the draft resolutions of the group, Pierre Gode said he wanted to "formally deny the remarks that were made regarding LVMH", alluding to statements chairman of the board of Hermes, Bertrand Puech, in Le Figaro.

"The position of LVMH shareholder is perfectly legitimate and can not be called into question (…). Hermes LVMH has invested in for the long term and intends to be active but not a shareholder activist," said Pierre Gode, repeating word for word the language a few months ago by Bernard Arnault, CEO of LVMH.

"Contrary to impute motives to it are made, LVMH has never sought to destabilize the family shareholders of Hermes, its staff or its suppliers (…).I challenge anyone to produce any evidence, "continued Pierre Gode, reiterating that his group was seeking dialogue with Hermes or industrial cooperation.

A MESSAGE OF PEACE AND WHISTLES

"I express the hope that an end to the bickering, artificial, baseless and fruitless," he said."I hope that this message of peace and consensual will be heard." LVMH, he added, reiterating that LVMH had "no aggressive intention to take control of Hermes."

Bertrand Puech, answering him, thanked him for his "commitment", adding: "(…) A new era (…) Life is finally in the image of what we hope. " , he said, not without a certain irony in his voice.

"It just means that I take note of what has been said and that is the confirmation of what is said for the past six months," he told Reuters on the sidelines of the meeting.

Bertrand Puech, one of the heirs of founder Thierry Hermes, said in an interview with Le Figaro published on Monday that the group was subject to "constant attacks" and renewed his request to leave the capital of Hermes.

The meeting was also enlivened by a skirmish between an individual shareholder and Pierre Gode, LVMH's first qualified with a "sinister and cunning predator," arrived without a declaration of threshold crossing in the capital of Hermes. Rising, the vice-chairman of LVMH said it would not let go of the remarks "insulting and defamatory".After asking the Office of the General Assembly "that makes the police," Pierre Gode was booed heartily.

The positions of ADAM (Association for the Defence of Minority Shareholders), which challenges the legal authority of the family shareholders to form a holding company not listed with 50% stake in the group without having to launch a takeover, have about they were relayed by an individual shareholder who joined Adam in his litigation.

"LIFE HAS CHANGED"

Ten days ago, the president of the Adam that ensures not be mandated by LVMH, had to court for interim measures to deprive the family shareholders of their voting rights at the meeting on Monday, arguing that no had not reported the crossing of regulatory thresholds at the conclusion of their agreement on the creation of their holding.

But the commercial court, citing a procedural error, the summary referred to 12 July, thereby permitting the family to have its voting rights.

Bertrand Puech said in this procedure see "the hand of someone who has lots of money and who has an interest in this nuisance."He added that family members were approached by "pernicious ways", as "staff and suppliers."

He told Reuters he had "no knowledge of a share of LVMH staff or suppliers," adding simply that "we feel research destabilization and that life has changed at Hermes for six months."

Last October, Bertrand Puech had asked Bernard Arnault, CEO of LVMH, kindly withdraw entirely from the group.

LVMH was then revealed to have taken 17% of Hermes through financial instruments (equity swaps) that allowed him not to declare the crossing of regulatory thresholds, an operation that is currently being investigated by the AMF (AMF).

LVMH has since increased its share to 20%, ensuring not wanting to take control of the company, reiterating that he wanted to be a shareholder "peaceful" but not "passive" in the saddle.

The shareholders have voted resolutions to over 98%.

Filed under: blog, connection, different, marketing, profitable by admin Comments Off

The German inflation slowed slightly in May for the first time in nine months, but its still high level should not prevent the European Central Bank (ECB) to continue raising interest rates.

Consumer prices rose 2.3% year on year in May, slightly slower at 2.4% in April, according to preliminary data released Friday by the Federal Office of Statistics.

On a monthly basis, prices were unchanged.

On a harmonized with European standards, prices have even declined slightly, from 0.2% in one month, an annual increase of 2.4% after a monthly increase of 0.3% in April and 2.7% year.

The consumer prices in Germany are a foretaste of trends in the euro area, where inflation has reached 2.8% in April and is expected unchanged in May, well above the ECB's target of inflation slightly below 2%.

"Obviously, with these figures for inflation, the ECB is not going to rush into a rate hike in June.However, as inflationary pressures show no sign of slackening global, German data are not reassuring enough to deter the ECB to conduct a further rise in interest rates in July, "Carsen analysis Brzeski at ING.

Thursday, ECB President Jean-Claude Trichet said that the monetary institution that carefully watched the rise of commodity prices does not feed inflation expectations over the long term.

The ECB has repeatedly reiterated that its monetary policy is motivated primarily by the outlook for inflation and not the plight of the most indebted countries in the euro area, especially Greece.

TO A RATE OF 1.5% IN JULY

The economic data released on Friday the euro area appeared mixed.

The economic sentiment deteriorated more than expected in May, ceding ground for optimism in all sectors and falling inflation expectations among consumers and producers, according to data released Friday by the European Commission.

Annual growth in private sector credit is consistent with Reuters, up slightly to 2.6% in April, while the annual growth of M3 stood at only 2.0% against an expected increase of 2 , 4%.

"The growth in money supply remains well below its target and is not in itself an inflationary concern," writes in a note to Howard Archer, Global Insight IHS.

"However, it is unlikely to deter the ECB to increase interest rates by 25 basis points from 1.25 for% to 1.5% in the short term," he says.

The markets believe that there are between 75% and 90% chance that the ECB is its main policy rate to 1.5% in July and is again before the end of the year.

Filed under: marketing, networks, plans, profitable, tidings by admin Comments Off

Natixis has again ruled out Thursday any plans to merge with its parent, the group BPCE (People's Bank, Savings Bank).

At its general meeting, the bank 72% owned by BPCE, said his priority was the implementation of its strategic plan adopted in September 2009 and intended to restate its accounts.

"Our priority is the implementation of the strategic plan of Natixis (…), but not all mergers with BPCE", said Perol, president of Natixis and CEO of BPCE.

"This is not a project that is in our boxes," he said in answer to written question from a shareholder.

Asked about the future of its subsidiary Coface credit insurance, the bank also said that no "imminent transfer" of Coface was expected, pushing after 2011 to a possible return in exchange for the subsidiary.

"There is no sale imminent Coface," said Laurent Mignon, the CEO of Natixis.

"After 2011, we may consider enhancing the Coface in the interest of shareholders," he said.

When publishing results of the first quarter, Natixis had already indicated that the priority of Coface in 2011 was to refocus its business on insurance and a possible initial public offering was not planned for this year.

At that meeting, shareholders also gave the green light to the proposed share consolidation of Natixis on the basis of one new share for seven existing shares.

Filed under: Uncategorized, advertising, information, occupation, work by admin Comments Off

The Paris Bourse was down Wednesday Bar 3900 points in opening and seems to be entering a downward phase, while the issue of debt restructuring Greek divides Europeans and feeds the anxiety that has gripped the markets.

At 9:40, the CAC 40 index was down 0.60% to 3893.22 points while the euro declined against the dollar.

The index opened a gap (gap between the lowest of the day and the highest of the day) Bearish (3907.16 / 3891.32) and, according to technical analysts, it could regain its lowest of the year in 3693.

Statements Tuesday, Christian Noyer, governor of the Bank of France and member of the Council of the European Central Bank, describing a restructuring in Greece as a "horror scenario" and threatening to deny this hypothesis Greek sovereign debt as collateral for 'refinancing operations of the ECB, have added to the confusion.

The euro traded around 1.4045 dollars against 1.4095 late Tuesday.

Almost all of the CAC 40 stocks in the red.Societe Generale and Credit Agricole advancing symbolically 0.24% and 0.06% respectively.

Vallourec (-2.79%) shows the largest decrease

CAC 40.

STMicroelectronics lost 0.95%, penalized by the return of risk aversion and the prospects considered lackluster Applied Materials on Tuesday night.

Sanofi (-1.20%) and Total (-0.66%) are the main contributors to the decline in the CAC 40.

London and Frankfurt lost 0.57% 0.4%. Of the European indices, the EuroStoxx 50 yields 0.64% and 0.35% Eurofirst 300.

The rising dollar, oil prices recede. A barrel of U.S. light crude oil yields 84 cents to 98.75 dollars.

Filed under: Uncategorized, blog, information, networks, occupation by admin Comments Off

The Spanish Socialist Party has registered its worst performance Sunday in municipal elections since 1978. Protesters, tired of the crisis, occupy the Puerta del Sol in Madrid, May 20, 2011.

The ruling Socialists in Spain have suffered Sunday a very heavy defeat in local elections, punished for their austerity policy against the crisis and record unemployment, which triggered an unprecedented social rebellion across the country.

The Socialist Party, with 27.81% of votes, is far behind the conservative Popular Party (37.58%), according to near-final results. This gap of nearly ten points just punish the Socialists, in power since 2004, ten months of March 2012 legislative and when the country is experiencing a wave of protests led by youth."I know that many Spaniards suffer from serious difficulties (…) and that many young people worry about their future, today expressed their discomfort," said the prime minister, Jose Luis Rodriguez Zapatero. "It was reasonable to think that the Socialist Party would suffer retribution at the ballot box, we assume and understand," he added.

The protesters who took possession of the place of the Puerta del Sol, in the heart of Madrid, decided Sunday to continue for at least a week this occupation. In the evening, a crowd of several thousand people each day as invaded the square, around the village of alternating blue tarps and tents became the heart of the dispute. The movement, which brings together many young people, but also citizens of all backgrounds, emerged on May 15 via social networks to grow rapidly, spreading throughout the country and structured.

A non-political movement and anguished

Spontaneous, colorful, peaceful, laboratory of ideas for reforms to come, this citizens' movement, which is apolitical, denouncing social injustice, the excesses of capitalism, the "corrupt politicians". More importantly, it betrays the anguish of millions of Spaniards against unemployment, which reached 21.19% and affects nearly half of under 25 unemployed. And distrust of the major political parties, the Socialists and the Popular Party. "Sure, of course they do not represent us," is a slogan repeated endlessly every night at the Puerta del Sol. "Of course I will vote, but for a small party," confided Sunday Ana Rodriguez, unemployed engineer of 29 years, who had spent two nights in the camp. "We need a change in the political system so that smaller parties are better represented."

The rallies continued Saturday and Sunday in Madrid and in most cities in Spain, despite the electoral truce that forbade any political activity. But the government, in a delicate position, gave up far to evacuate the demonstrators by the police. In this troubled context, all municipalities of Spain elected their municipal councils and 13 of the 17 autonomous regions of their parliaments. Catalonia, the Basque Country, Galicia and Andalusia vote on other dates. The announcement on April 2nd by Mr. Zapatero's intention not to run for a third term in 2012 has had no effect on the declining popularity of his party. The head of government has however rejected the hypothesis of Sunday elections.

Barcelona lost the Socialists, the second largest city, they controlled since 1979 and the first elections in post-Franco era, where they are overtaken by the conservative nationalist CiU coalition. They were also beaten in Seville, Spain's fourth largest city.

Among regions, the Socialists have lost one of their historical strongholds, Castilla-La Mancha. After these elections, they could not govern alone in one of the 17 regions of Spain, Andalusia. Retains the right unsurprisingly Madrid and Valencia, the third largest city.

Filed under: business success, networks, occupation, success, tidings by admin Comments Off

The Paris Bourse was little changed in early trade Friday after the release of mixed economic indicators in the United States.

Around 09:15, the CAC 40 advances from 0.02% to 4027.06 points after two consecutive sessions of gains.

Penalized by the weakness of the dollar against the euro, EADS (-0.76%) and Essilor (-0.57%) have the largest declines the CAC 40.

Oil companies support the rating, boosted by higher prices of black gold. TECHNIP (+2.0%) leads the ACC increases and Total is 1.03%.

Publicis, which HSBC has raised its advice from neutral to overweight, is 1.32%.

BioMerieux (4.67%) is ahead of the SBF 120 index rises after announcing the acquisition of AES Laboratoire.

London and Frankfurt gained 0.3% 0.11%.Of the European indices, the EuroStoxx 50 is 0.14% and 0.19% Eurofirst 300.

The euro remains above $ 1.43 and is trading around 1.4310 dollars against 1.4314 on Thursday.

A barrel of U.S. light crude oil is trading up 50 cents at 98.94 dollars.

Filed under: advertising, blog, connection, information, plans by admin Comments Off

Glencore, the Swiss giant's commodities trading, has prepared the ground for a successful first quotation confirming Thursday it had set at 530 pence per share – the middle of the range – the price of its IPO record.

Gray market, the title Glencore has opened up 3% from the level of 530 pence to 548 pence, which seems to suggest that investors will fall upon the value when it debuts on May 24 official stock London and Hong Kong.

By fixing the price at 530 pence per share, which values ​​to 36.7 billion pounds (41.6 billion euros), Glencore has selected the midpoint of its initial range, so he suggested that the midpoint could be increased to 535 pence.

The group said the transaction was significantly oversubscribed.

"Clearly, the price has been determined that all goes well. I do not know if we can already talk about a potential increase of 5% or 10% but there is no doubt that Glencore is trying to please investors, "said Tim Dudley, an analyst at Collins Stewart.

Introduced in the capital stock represents 16.4% of group capital.The over-allotment option of 10% would bring the IPO to 11 billion dollars, which beat the London market for the record held by the hour with Russian Rosneft raised $ 10.6 billion.

The market value of Glencore will enable the group to immediately part of the FTSE 100, the flagship index of the London Stock Exchange, which has happened only twice so far in the history of this index.

Founded in 1974 by renowned trader Marc Rich, Glencore is a private company stayed quiet for 37 years.

Its IPO of its leaders should be multimillionaires on paper from the Director General Ivan Glasenberg alone worth $ 10 billion.

Filed under: Uncategorized, advertising, business opportunity, marketing, work by admin Comments Off

For four years, absences for health reasons are increasing in local communities and public hospitals. The difficulty of the trades and aging agents explain this trend. The average duration of sickness absence in the public hospital has reached 24.1 days in 2010.

The national average in the private sector is 14.5 days absent, according to a study of Alma Consulting Group. The duration of absences reaches 26 days, however, in areas bordering the Mediterranean Sea (Provence-Alpes-Cote d'Azur, Languedoc-Roussillon and Corsica) and 21.3 days in the health sector.

The average duration of sick leave among staff of local governments has reached 22.6 days on average in 2010, a rate of overall absentésime between 6% (communities with fewer than 10 staff) ET11% (more than 350 structures Agents), according to initial estimates of Dexia Sofcap revealed by Les Echos Wednesday, May 18

In the public hospital, this time rises 24.1 days, one day more than in 2009. Absenteeism is between 9% overall (strctures over 100 officers) and 14% (small companies with fewer than 50 employees). Absences due to ill health have been rising steadily since 2007 in public functions and territorial hospital notes Sofcap Dexia, which is the main insurer of local authorities for the statutory risk.

In local communities, the number of agents involved is up 10%, gravity also 10% and the rate of 12%. The judgments of illness have, over this period 2007-2010, up 16%, while the severity of the disease usually is up 20%. Workplace accidents are also more nombeux: They affect more officers (16%) are more frequent (10%) and last longer (+19%).

Same thing in the public hospital where the number of absence for health reasons is up 6% in four years, while their severity increased by 8% and the number of agents involved 4%. The number of days lost to common illness increased 17% between 2007 and 2010. As for accidents, they get more officers (10%) are more frequent (26%) and last longer (+18%).

In both public functions observed, the causes of this increase in absences for health reasons are the same, according to Dexia Sofcap: high pénéibilité the trades and the aging of the population employed. In retrospect programmed the legal age of retirement (60-62 years) "should help increase these trends," concludes the discussion note.

Filed under: Uncategorized, marketing, occupation, profitable, work by admin Comments Off

Dominique Strauss-Kahn, who was accused of sexually assaulting a maid of the Sofitel, New York, saw its release on bail refused by a judge of the court in lower Manhattan. A day marked by many twists and turns. The media gathered outside the court in Manhattan that appeared Dominique Strauss-Kahn May 16, 2011 DSK detained

Citing a flight risk, a judge in New York on Monday ordered the imprisonment of the International Monetary Fund boss Dominique Strauss-Kahn, and refused to release him on bail of one million dollars, two days after his arrest. Strauss-Kahn is charged with criminal sexual act, attempted rape and kidnapping, after accusations of a maid of 32 years, employed at a Sofitel hotel in New York. He denies all charges against him.The next appearance in court was set for da May 20

Battle of the schedule

According to RMC, counsel Dominique Strauss-Kahn outlined the schedule of the director of the IMF to try to establish his alibi. The radio indicated that he left the hotel at noon, an hour before the attack described by police in New York during the custody. In fact, DSK had made his "check-out between 12:28 ET 24:38. He then lunched at a restaurant with her daughter Camille, 26, a student in New York. Problem, according to Liberation, the New York Police Department now believes the time of the alleged facts around noon and not more than 13 hours. According to Le Monde journalist, Raphaelle Bacqué, the maid would have alerted its management "Saturday at 12:30. A warning would have been recorded in the internal specifications of the hotel for this purpose. Police received a call at 13:30.

The terms of departure

The NYPD was initially referred to the oblivion of a mobile phone and "some business" as evidence of a hasty departure. DSK has nevertheless taken the time to report his departure to the reception of the Sofitel and settle his bill. This was confirmed by the Accor Group, which owns the Sofitel chain. It would have noticed the omission of his mobile phone by going to the airport by taxi. And it is by calling the hotel reception that allowed the police to locate and arrest him in the next Air France flight, ten minutes before takeoff.

The phone call to Anne Sinclair

According to an article in Le Monde on Monday, Anne Sinclair reportedly told relatives have had her husband on the phone after lunch with his daughter and also on the way to the airport.It would évoquéun "serious problem", but without referring to the alleged assault.

Tristane Banon, the other case DSK

A writer and journalist, Tristane Banon, who said he was sexually assaulted in 2002 by Dominique Strauss-Kahn, "considering filing a complaint," he said Monday his lawyer David Koubbi. Tristane Banon, now aged 31, was told in February 2007 in a television show she was sexually assaulted by Mr. Strauss-Kahn. The name of the current IMF chief, however, was covered by a beep when the program aired. At the time, "Tristan was dissuaded from lodging a complaint by his mother, Anne Mansouret, Regional Commissioner (PS) Haute-Normandie, according to Mr. Koubbi.

The consequences for the PS

First concerned with the likely development offside Director of the IMF, the PS has been working to get back in running order and appear as a training "or beheaded, or weakened," according to the terms of its number 2, Harlem Désir . The weekly meeting of the National Socialist Party was advanced Tuesday at noon and be held under the direction of the first secretary Martine Aubry to discuss the affair Dominique Strauss-Kahn. The primaries would be well on schedule, with filing of nominations from 28 June to 13 July and a first round on Oct. 9.

His succession to the IMF

The International Monetary Fund met Monday its board of directors to discuss follow-up to the legal woes of its CEO.One of the questions that arise, knowing that DSK has protested his innocence, is whether it will be released, and if so what he will do his duties in Washington. The meeting was presided as expected by the first assistant to Mr. Strauss-Kahn, the American John Lipsky. Indeed, Mr. Strauss-Kahn had originally planned to be Monday at a meeting of finance ministers of the euro area in Brussels, which went in its place a deputy, the Egyptian-American-British Nemat Shafik . But if the succession is not open officially, Germany argued Monday the prerogative of Europe to maintain this strategic position

Consequences for Greece, Portugal and Ireland?

The European Commission said Monday that the indictment of IMF managing director would have "no impact" on assistance programs for countries in the euro area including Greece.She refuted the scenarios "alarmist" about the arrest of IMF financing. "We are quite confident (the fact) that there will be continuity in operations and in decision-making International Monetary Fund," said the spokesman of the Committee for Economic Affairs, Amadeu Altafaj.

Filed under: corporations, information, profitable, tidings, work by admin Comments Off

U.S. stocks ended on a modest rebound Thursday after an indecisive session, investors are cautiously optimistic after showing some economic indicators considered rather favorable.

The Dow Jones gained 0.52% or 65.89 points to 12,695.92 points while the Standard & Poor's 500 took 6.57 points or 0.49% at 1348.65 points and the Nasdaq advanced 0.63% or 17.98 points to 2863.04 points.

Traders cited a series of factors for the bounce: the decline of the dollar, an auction without problem long-term debt and U.S. signs of a rapprochement of positions between the White House and Republicans in Congress about raising the ceiling on public debt.

Commodities have taken color after the announcement of a drop in weekly jobless claims in the United States and the upward revision of retail sales in March, indicating that U.S. consumer spending in the first quarter may have been underestimated.

The Reuters / Jefferies CRB commodity ended up 0.14%. It shows a decline of more than 8% so far in May. The index of the CBOE volatility ended down 5.4%.

Values, the good performance of defensive stocks, particularly in the pharmacy, showed that investors remain interested in the investment market.

"Investment Bond does not seem very interesting performance today. There are some concerns about commodity prices.Also, we can say that many investors are wondering about where they will put their money. And the stock market is, "said Channing Smith at Capital Advisors Growth Fund.

Bond yields are falling, making the sector less attractive than stocks, including the compartment of companies that pay dividends like utilities.

The S & P sector gained 0.9% Thursday. It is up 5.8% since April 8, when the last drop in bond yields began.

Among the defensive searched Thursday included Merck & Co, which won 1.6% to 37.20 million, while Tyson Foods advanced 4.6% to 18.84 dollars.

Side decreases, Cisco Systems has dropped 4.78% to 16.93 dollars.The specialist equipment for the internet has launched a profit warning on the occasion of the publication of its quarterly.

Financials were in trouble after a lowering of recommendation against Goldman Sachs, who backed off from 3.47% to 142.75 dollars. Richard Bove, banking analyst agreed, went on sale on the title, saying the bank was "not a good investment" because of numerous legal proceedings in which it is involved. It cut its price target from 163 to 120 dollars.

Filed under: business opportunity, business success, information, management, success by admin Comments Off