The Lakers star ball changes. After the pumpkin orange basketball, he moved to the little white ball in baseball. Playmaker of the "Dream Team" of the Barcelona Olympics in 1992, but the Los Angeles Lakers is the large-figurehead of a consortium that will spend the equivalent of 1.6 billion euro to regain bankrupt club of Los Angeles Dodgers. This colossal sum excludes the famous "Dodger Stadium" for which the new team of "Magic" Johnson will pay 150 million dollars more. A misery.

The fate of the Dodgers was sealed last summer, when the league baseball has refused to accept the increase in TV rights which would have reached three billion dollars between the Fox and the California Club in Los Angeles. In fact, one of the leaders League Baseball feared that this small fortune to go replenish the accounts of the controversial businessman, Frank McCourt, owner of the Dodgers so far faxless cash advance. The amount proposed by the band Jordan is the highest ever paid for the acquisition of a "franchise".

Specificity of the North American professional sports, a franchise is a team that can be sold and "moved" from one city to another. However Magic Johnson will not be President. This position will be assigned to Stan Kasten, who led the franchise of the Atlanta Braves and Washington Nationals. The Californian giant known for his business acumen comes again at the right time: the Dodgers show a good record with 16 wins sport for seven defeats. This is not the first time a basketball player is interested in baseball. The great Michael Jordan had tried-sporting – this discipline in a minor league. The star of the Chicago Bulls was also a teammate of Magic Johnson in the "Dream Team" Olympic. The fine line between the two sports.

For the first time in three years, the hiring intentions of managers in business are down for the second quarter. According to the barometer established by the Association for the employment of executives (APEC), only two companies provides for recruiting at least a framework by the end of June. Rate down by three points from last year to the same period. The situation also seems particularly bad in the trade, transportation and consulting and business services where the declines, year on year, reaching 4 and 7 points respectively.

Lack of visibility on growth

Worse, it is the general forecast the worst for 18 months, although it remains well above the low reached in the third quarter of 2010 (43%). Another negative point, but not least: APEC has been a fall of 12 points in the proportion of firms indicating that their recruitment of executives are more numerous than last year at the same time, to 29%.

Last factor of concern is the monthly index of dissemination on the Internet offers executives lost 3 points in March from the same month a year earlier. Again, the first since February 2010.

The reason? "Great caution" partly due to the uncertain outcome of the presidential election, the association notes. "The fall was also linked to lack of visibility on future growth in France, says Marie-Francoise Leflon, its president. However it is too early to tell whether this decline will continue, recruiters surveyed being confident on improving the situation of their business in the coming months. "

It was to be expected. The Antwerp designer Raf Simons, arrived in February of his mission as artistic director at Jil Sander (where he handled collections for men and women since July 2005) has been appointed to head the creation of women's fashion at Dior. He was the last of the favorites in the long list of names mentioned as a possible buyer of the vacancy created by John Galliano since March 2011. Among the successors whose names have circulated even figured that of Marc Jacobs, current artistic director of Louis Vuitton or that of Riccardo Tisci in the same position at Givenchy, besides that of Nicolas Ghesquière at the helm of Balenciaga.  

But all hopes seemed to collapse when Raf Simons thanked Jil Sander left Italy without any announcement effect from Dior while Yves Saint Laurent terminated the contract of Stefano Pilati before confirming the Hedi Slimane's appointment as artistic director. By a rebound effect, the world of fashion has waited in vain for an immediate appointment at Dior at the same time. It has not happened. By a curious reverberation, Raf Simons Avenue Montaigne now occupy a position comparable to that of Hedi Slimane at YSL. The irony is that Slimane, asking the jurisprudence of the style of Dior Homme from 2000 to 2006, has often been compared – compared to nuance, to rightly or wrongly – in the style posed by Raf Simons in his own eponymous label. Then the divergent paths of both the affirmation of the growing aesthetic Slimane at Dior Homme and mission of Raf Simons Jil Sander have diluted this antagonism.

Jil Sander's latest collection (Fall-Winter 2012) signed Raf Simons presented in Milan last February was a real tribute to a new New Look of Dior. What whet fans' expectations of Dior and YSL, the ambitions of the two groups (LVMH Dior, YSL PPR), what – if any were needed – to stimulate the two creators. In short, good news in short, not to mention the talent of the men themselves, critical talent, talent by which everything begins and ends.

The savings are worth more little and rental property remains the safe haven of many French. They hope to build a heritage and (rents repay the loan), or to obtain additional income for their old age. However, with soaring prices of the stone over the last decade, the profitability of real estate has waned. Because rents have not followed the same inflationary pressures. They grew more or less the same rate as household incomes. Between 1998 and 2012, rents (excluding fees) charged to the relocation of an existing dwelling, have increased by 2.6% per year, according to the observatory rents Clamor. And only 1.2% in the nine. Result, in ten years, the annual return of real estate rose by an average of 6.5% to 4% before tax. And much less after taxes. Because rents are among the highest taxed income. When less than 15,000 euros gross, the investor benefits from an allowance of 30%. But beyond this amount, income is taxed at marginal tax rate of investors plus the payroll taxes of 15.5% in 2012. We must also consider the property tax, which has risen sharply over the past five years according to the National Union of Real Property (UNPI).

More marked fall in the Ile-de-France

The fall in rental income is more pronounced in the Ile-de-France where prices of stone flew from the late 1990s. The evolution of the current yield (calculated by dividing the purchase price of property by the rent less the cost of management), makes clear. Whereas in 1999 the rental investment from 10.4% reported gross in Seine-Saint-Denis in Paris and 5.8% in 2009, investors could get better at 5.6% gross, this time in the Val d'Oise and 3.8% gross in the capital according to a study by the Institute of savings in housing and land (IEIF). Since 2009, the rental income has fallen further, especially in Paris where prices continued their mad ascent. The capital was, however, in recent years a good investment. "The overall performance (gain and efficiency) of investment in rental Paris was good compared to other financial investments," said Gilbert Emont, author of the study IEIF. "The price surge has allowed those who have sold their homes to reap substantial gains. These have significantly improved the performance of assets at current yield mediocre. "Yields were somewhat more resilient in the provinces. In 2009, the range was between 7.5 and 4.7% gross in large cities (against 9.4 to 6.2% in 1999). "But sometimes, high profitability is associated with a significant risk, including rental vacancies," said Eric Pompon, director of Meeschaert Estate Board. Investment in new via the Scellier remains interesting. It offers a tax reduction equal to 13% of the purchase price of the property in exchange for renting out for nine years. The rental yield is estimated at 4% on average through the tax savings (against 6% in 2011). "But be careful not to overpay good and be sure you can rent it by choosing a quality site," said Eric Pompon.Quel the mode of investment, small areas are rented more expensive per square meter that are larger and hence more profitable, even if tenants are more fickle, especially in the studios. Most of the rental demand elsewhere on the door of an apartment and one bedroom. "Although real estate is worth more than all the past, it remains more profitable than other investments and helps protect against inflation, not to mention the potential capital gain generated on the resale of property "says Eric Pompon.

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The clothing giant Hennes & Mauritz (H & M) has, once again, makes investors wince and smile fashionistas. The chain has indeed saw its stock fall by 4% in session Thursday after yet displayed, for the first quarter, sales growth (+13%), to 3.14 billion euros and net income up ( 4.6%), 310 million, but below analysts' expectations. Its gross margin was down 2% year on year, to 55.8%.

H & M defends itself by arguing that its margins were impacted by higher production costs, including cotton and the wages in Asia, the group chose the least possible impact on prices offered to customers. Profitability has also been undermined by "long-term investments to expand our total supply," said the boss, Karl-Johan Persson, including "a completely new chain of stores" for 2013.

H & M intends to repeat the international success and very "profitable" for its first upscale brand, called COS (Collection of Style as) and launched 5 years ago. His second string, which will be launched to conquer major cities worldwide, will be even more upscale, but will remain open: "This brand will be positioned on a separate segment higher price than COS while offering the best price for each item" , said a spokesman.

A team dedicated to new concepts

If Spanish Zara (Inditex Group) dominates H & M and Gap others in terms of responsiveness to trends, however, Swedish wants to keep one step ahead in the "masstige", this complex cocktail of "mass- market "and" prestige ". Number of creators and signed lines for H & M, including Versace Marni recently.

Last stunt of the Swedish chain: at the London BAFTA ceremony, the "Caesars" British, Michelle Williams seemed dressed in haute couture. The actress, who plays Marilyn Monroe in the film, was actually a golden corset and organic cotton skirt and satin back crepe designer H & M. A similar holding will be sold soon to clients of the Swedish chain. Similarly, parades American stars on the red carpet in the middle of Oscar season, H & M has convinced celebrities to wear dresses of his online "Exclusive Conscious", which models will, in April, sold in a selection of 100 stores, in its new and larger collection "H & M Conscious."

In the world of fashion, the new concept of future H & M has not totally surprised: not long ago, a famous fashion designer Scandinavian Behnaz Aram, was hired by H & M to strengthen its teams dedicated to " new concepts. " A discreet but strategic cell that has already developed three brands: Cos, and Monki Day Weekend, and H & M Home.

Like SOC, which will open its first store outside Europe, Hong Kong, the new chain H & M will be a strong argument to fight against Zara and its upscale brand Massimo Dutti, especially on emerging market savvy luxury.

Although they are about to multiply the launch of new models at Geneva Motor Show, most manufacturers are concerned about a deterioration in their situation in Europe, where they lost money last year.

Weakened by the threat of recession, the European market is expected to decline for the fifth consecutive year, 3 to 5%, according to Euler Hermes. France is particularly affected, with a decline of 20% on the first two months of the year. Result, the price war with fierce brands to maintain their market share should continue. And the problem of excess production capacity, estimated at 20% in Europe, become more acute than ever. "These challenging conditions will persist in 2012, causing continued pressure on revenue and profitability for manufacturers," according to Fitch

Particularly pessimistic about market developments, the U.S. Ford expects to lose between 500 and 600 million this year in Europe, after recording a deficit of $ 190 million last quarter.

Faced with this crisis, all parties are seeking ways to reduce costs. Two of the weakest manufacturers in Europe, PSA Peugeot Citroen and General Motors have announced a strategic alliance, sealed by a stake of 7% of the American stake in French. The two groups hope to save 1.5 billion euros each year from 2016, sharing purchases, but also components, modules and vehicle platforms.

French is particularly desperate. Its automotive division, whose sales depend to 58% of Europe, has lost 500 million euros in the second half of 2011 and the group has burned 1.6 billion euros in cash in 2011. As for GM, whose European operations are supported by the German brand Opel, its losses totaled $ 600 million in the fourth quarter. A result that American "unacceptable."

Capacity reduction

In the short term, this alliance does not however solve the problems of both groups, particularly the low utilization of their production. General Motors, which has already closed the site of Opel Antwerp, suggested that capacity reductions were planned for "adjust to demand." Until 2014, the management is committed not to close the factory. But both sites are threatened, according to U.S. media, that of Bochum in Germany and Ellesmere Port in Britain. For its part, PSA casts doubt on the survival of the French site of Aulnay-sous-Bois after 2014. For now, the French multiplies the week of partial unemployment in France to reduce inventory and increase to the four-day week in May in its Czech plant of small cars.

In general, "continued weakness" in demand in Europe may lead other "draconian reactions" that PSA-GM alliance, as comparisons between manufacturers, restructuring or closing plants, said Fitch. Side partnership, Renault uses its alliance with Nissan and its strategic relationship with Mercedes to reduce development costs. As for Italy's Fiat, he put on his marriage with Chrysler to produce also economies of scale.

To limit the damage, however, builders rely on new products exhibited in Geneva. Ford will present his B-Max minivan, and its Fiat 500 L, a larger version of the famous city. PSA Peugeot will launch its 208 on which he plays big. For its part, Renault expects much of its low cost Lodgy minivan, sold in April from 10,000 euros. The French will also unveil its electric car Zoe, scheduled for October. It is nevertheless true that growth in car sales, which could reach 4% worldwide this year, will come again in emerging countries.

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The increase is only 1%, but the figure is impressive. $ 411 billion or 306 billion euros: that is the cumulative sales of military equipment and services performed by the first hundred defense companies worldwide in 2010, according to the latest report published on its website by the International Institute of Peace Research Stockholm (SIPRI).

The increase in activity has certainly slowed over 2009, which posted a strong growth rate of 8%. But "the 2010 data show, once again, the capacity of key stakeholders to continue to sell arms and military services, despite the financial crises currently affecting other sectors of industry," says Susan Jackson, expert the defense industry within the SIPRI payday loans in 1 hour. The slowdown is primarily due to cuts in defense budgets of Western countries whose public finances are on. But also the impact of U.S. withdrawal from Afghanistan, according to the analyst of this independent institute.

Americans overwhelmingly

The active policy of equipment in modern equipment in India, Russia or Brazil and Canada, but also in many countries of Southeast Asia more than offset this. As a result, the balance sheet published for 2010 marks a record for arms sales worldwide. And, from 2002, years during which the SIPRI began to collect data, and 2010, they rose by 60%.

]]> http://onnewsline.com/the-crisis-does-not-restrict-arms-sales/feed/ 0 http://onnewsline.com/candidates-at-the-bedside-of-industrial-sites-threatened/ http://onnewsline.com/candidates-at-the-bedside-of-industrial-sites-threatened/#comments Mon, 27 Feb 2012 22:52:09 +0000 admin http://onnewsline.com/candidates-at-the-bedside-of-industrial-sites-threatened/  

No wonder that the backup industry has become an issue in the presidential Since 2001, the manufacturing sector has lost over 800,000 jobs in France. Each week brings a lot of sites in need. After the textile factory Lejaby and module manufacturer Photowatt, it is the turn of the steel plant of ArcelorMittal Florange in Lorraine, put to sleep by the judgment of its two blast furnaces, to generate the anxiety … and the attention of politicians.

Francois Hollande visited Florange Friday. There promised legislation that would prevent a company wanting to emerge from a French site to block a takeover by a buyer. Filed Monday in Parliament, this bill has no chance of being passed before the elections. But its content must be dated. In detail, the text is not so coercive as that. "If there is no buyer, we will force the company not wanting to close the plant to find one," said Alain Rousset, President of PS Aquitaine and responsible for industrial matters within the Holland team.

Defensive tool

"By cons, if buyers are presented, the company can no longer refuse to cede the factory, as sometimes happens now. This is the commercial court which will then choose the buyer, "added the official, who sees the device as a defensive tool against abusive practices by companies not wanting to deliver profitable customers or technology to a potential buyer competing .

On the other side of the political spectrum, we do not share this vision. "The logic of this bill is a logical administered economy that always leads to impoverishment," Francois Fillon on Monday denounced the Salon de l'Agriculture. RTL, Nicolas Sarkozy said he preferred to act through the Strategic Investment Fund (ISF), the armed wing of the State acquires a stake in companies. "It makes sense, is to invest," said the president-nominee. Nevertheless, in the case of ArcelorMittal, the use ISP has nothing obvious, the group being held to 40.8% by the Mittal family. Similarly, the government can push, as reaffirmed by Nicolas Sarkozy, the direction to invest in the blast furnace restarts in the second half. But this is ArcelorMittal, as a private company, which will decide whether to invest, based on economic criteria.

The state could in fact intervene through Ulcos European project, focused on CO2 reductions. Through this project, a new blast furnace could be built to high performance Florange. Last autumn, the French government is committed to provide 150 million euros to this program. Commitment that Nicolas Sarkozy confirmed on RTL. Still, it must also get the green light from Brussels. The European Commission must give its opinion in October 2012. Francois Hollande had gone to discuss the subject in Brussels last November. Nicolas Sarkozy has promised to speak at the European summit later this week. But again, the project will not succeed if it is not economically viable

.

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This downward revision is the result of a contraction in activity. On the contrary, the good performance of various businesses, including the Brazilian telecom operator GVT and subsidiary of Activision Blizzard video games, should provide an additional net profit of 200 million euros.