Once again, U.S. investors had their eyes on the Old Continent, where an EU summit was to deliver a plan to end the debt crisis in the eurozone. With four objectives: helping Greece to boost the capacity of the EFSF, recapitalize banks and improve governance. Among the items already announced: the strengthening of the EFSF, the strike force is multiplied by four, an agreement on the recapitalization of European banks and probable assistance of emerging countries, notably China.

This battery is able to prevent contagion of the crisis, while fears now focus on Italy.The country also undertakes to submit a growth plan by 15 November in the letter that the prime minister Silvio Berlusconi to present Wednesday night in Brussels, said the agency Ansa.

Sales of new homes leave

On the macroeconomic front, orders for durable goods in the U.S. fell 0.8% in September, slightly less than what the market expected (-0.9%), according to figures released Wednesday by the Department of Commerce. Sales of new homes, have them, jumped 5.7% in September, the fastest pace in five months, but prices still down report that the housing market is still far from recovery.

As for commodities, oil prices have come down sharply on Wednesday in New York, under the blow of an unexpected rise in U payday loan.S. crude oil inventories. They rose 4.74 million barrels to 337.63 million.Economists on average had expected an increase of 1.3 million barrels. The barrel of "light sweet crude" for December delivery dropped 2.97 dollars to 90.20 dollars on the New York Mercantile Exchange, after gaining nearly six dollars on the first two sessions of the week.

Amazon severely punished

• Amazon (-12.66% to 198.40 dollars): the world leader in Internet sales announced Tuesday a net profit of $ 63 million for the third quarter, against $ 231 million (51 cents per share) a year earlier.

• Lockheed Martin (-3.19% to 76.37 dollars) saw its profit grow 25% in the third quarter to $ 700 million.The group also raised its targets for 2011.

• Ford (-4.55% to 11.87 dollars): The U.S. automaker Ford has released Wednesday a profit for the third quarter down 2% but slightly above expectations, together with a turnover up 14%. The Group posted a profit of $ 1.65 billion. Based on the number of shares and excluding exceptional items, it amounted to 46 cents a share, where analysts had forecast 45 cents.

• Boeing (4.47% to 66.57 dollars) issued on Wednesday a net profit up 31% to $ 1.1 billion for the third quarter, exceeding expectations, but it has revised down its forecast commercial deliveries for the year.

• ConocoPhillips (1.78% to 71.94 dollars) has reported a net profit of $ 2.62 billion in the third quarter, down 14% year on year.Turnover was up 33% to 62.78 billion USD.

While U.S. sites already rustle costume ideas "Steve Jobs" to celebrate Halloween at the end of the month, fans use the black sweater to make a new homage to their icon. Over a thousand people were thus included in the "Black Turtleneck Friday."Organized on Facebook, the event encouraged to wear during the day Friday, 14 October 1 black turtleneck sweater in the style of Steve Jobs.

St Croix sweaters out of stock

A registered acclaimed by Steve Jobs did not hesitate to use the windfall: St Croix Collections site TMZ said that sales of his black turtleneck sweaters have "increased by almost 100%" the day after death the co-founder of Apple. According to the leader of Knitcraft, parent company of St. Croix, quoted by the Washington Post, Steve Jobs bought two dozen of these sweaters every year. Today, a victim of its success, the article, which is worth 175 dollars, even out of stock depending on the brand, which states that it accepts commands. The site of St Croix has pushed its home page for the occasion: a tribute to the co-founder of Apple, the brand announced that it pays 20 dollars to the fight against cancer for each sweater purchased.And states that it is even considering erecting a memorial to the former head of the Apple brand.

Steve Jobs was, however, another favorite brand, remained more discreet: Issey Miyake. This is indeed the creator of Japan that the CEO was asked to create a uniform for employees of Apple. In an official biography to be published at the end of the month, Steve Jobs tells that the idea came to him by visiting the Sony factory in Japan. Seduced by this unique garment that bound them employees of the firm, made to the American one hundred black shirts at Issey Miyake. But conflicts with the unanimous rejection of his entourage when he arrives in the United States. Do not worry, Steve Jobs will then adopt for himself the uniform, simple but effective way to make a characteristic gait.Just reward: it is now the single items are presented on the front stalls.

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In twelve years (1996-2008), Robert Louis-Deyfus, died in 2009 as a result of leukemia, at the head of a fortune estimated at more than 1 billion euros, had invested 200 million euros and the club has gleaned any major title. To prevent bursting of its heritage, Robert Louis Dreyfus before his death had created a foundation, in which were housed the 55% stake of the Louis-Dreyfus specializes in trading (shipping, energy, real estate …).The foundation distributes dividends to his wife and his three children and the prohibition to sell its shares for 99 years.

The position of MLD is "sound and consistent"

According to Le Parisien, the majority shareholder of the OM would be willing to accept a check for 120 million euros to give the club more than twice the amount spent by Qatari investors to redeem the PSG to Colony Capital payday advance lenders. However, the market value of the number of Didier Deschamps is estimated at about 149 million euros by the German reference site Transfermarkt. In comparison, the PSG reaches 190 million and that of the OL is around 157 million. "The intervention of Margarita Louis-Dreyfus is sound and consistent with the economic situation of the club and with the requirements of UEFA on the financial balance of the teams, said Didier Primault, an economist at the Center for Law and Economics of Sport .If leaders want to keep it OM, they must adapt their strategy to the financial resources allocated to them. They should be aware that in the medium term, they can not compete with the big European clubs. "

Manage the assets of his children

For Vincent Chaudel, given the strategy of the main shareholder of the OM, selling more than a dry club, the solution is rather a gradual opening of the capital. "Margarita Louis-Dreyfus is a view of wealth management of his children, he says. She has no interest in rushing. " If the majority shareholder of the OM does not drag on to Marseille, it will be no less attentive to the profile of the potential buyer. The club has in fact not forgotten the episode "Kachkar," the name of this Canadian investor who in 2007 announced plans to buy the club for 115 million euros and which ultimately proved to be a scammer.

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The Fed chairman did not actually expressed new decisions to boost growth, starting with a new program of quantitative easing. However, he announced that the Fed would meet two days in September, instead of originally planned to study, among other things, instruments designed to bring a new economic stimulus money.Ben Bernanke promised that his institution will "do its utmost" to ensure growth and price stability.

"It is clear that the recovery after the crisis was much less robust than we had hoped," he said in a speech he was to deliver at the annual meetings of the Fed's Jackson Hole ( Wyoming). But Ben Bernanke affirms that an 'the foundation of growth "were still there in the U.S., despite the persistence of" risks "facing the economy.

Concerning the debt crisis in the eurozone, "I trust," he said, convinced that the Europeans will do what it takes to get by.

In Europe, the indices also penetrate: The CAC 40 yields 2.30%, the Dax in Frankfurt loose 3% and the FTSE 100 in London 2.13%. Yesterday Wall Street had already ended down sharply in anticipation of disappointing announcements from Ben Bernanke.This morning too, the seats were won by Asian nervousness.

GDP revised down

Before the appointment of Jackson Hole, investors were aware of the second estimate of gross domestic product (GDP) for the second quarter. During this period, U.S. GDP grew by 1% annual rate over the previous three months, said the Commerce Department, revising and down 0.3 points his first estimate of growth in the spring published in late July. Analysts had forecast a less pronounced rate revision, to 1.1%, according to their median forecast no teletrack payday loans.

As for currencies, the euro lost some ground against the dollar after the speech of Ben Bernanke. Around 16:30, the European currency was worth 1.4359 dollars against 1.4441 to 15 hours.As for the oil markets, I Brent North Sea for October delivery was trading at 110.25 dollars on the Intercontinental Exchange (ICE) in London, down 37 cents, while in electronic trading on the New York Mercantile Exchange, a barrel of "light sweet crude" (WTI) for the same maturity lost 35 cents to 84.95 dollars.

Values ​​of the day

On the corporate side, Madison Square Garden (-3.37% to 21.98 dollars), Frontline (-4.17% to 6.21 dollars) and Royal Bank of Canada (-4.53% to 48.95 dollars ) must be published.

Tiffany (5.61% to 66.65 dollars) reported Friday a profit of 69 cents per share in the second quarter, while the consensus gave 70 cents. Sales came out at 872.7 million (consensus: 786 million). The jeweler raised its guidance range for the BPA 2011, it now expects between 3.65 and 3.75 dollars.(Consensus: 3.56 dollars per share).

HollyFrontier (0.95% to 66.63 dollars) has reported a dividend increase of 17% to 8.75 cents. MTS Systems (-1.09% to 34.55 dollars) also announced a 25% increase in its quarterly dividend.

Pandora Internet Radio (-2.50% to 8.20 dollars) which made its IPO in June, on Thursday posted a net loss of $ 3.18 million in the second quarter of its fiscal year offset, and sales more than doubled, exceeding analysts' expectations.

Krispy Kreme Doughnuts (3.46% to 8.11 dollars) has reported a quarterly profit of $ 8.8 million or 12 cents per share against 2.2 million a year earlier.Sales jumped 11% to $ 97.9 million.

Boeing (-0.72% to 60.66 dollars): 787 Dreamliner, its new aircraft, for which more than 800 orders have already been registered, received Friday certification authorities in the U.S. civil aviation. The first deliveries of the aircraft, the Japanese company promised to All Nippon Airways, lagging about three years, due mainly to disruptions in the supply chain components.

In the job description, statement by the site Mac4ever.com, Orange says that "one of the main issues the mission will be to define as precisely as possible the impacts of a device like the iPhone 5 on the consumption of internet customers ". A little further, it is discussed again the technical capabilities of the "iPhone 5" citing a "change of use induced."The course, whose duration is not specified, is offered to any candidate of a "bac +4 or 5", "training business school, university marketing or engineering course."

Leakage and clues

For now, the new model of the firm at the apple does not even name, but fans call him the iPhone 5. Apple intends to spring a surprise at the presentation, probably in the fall of the device by the big boss Steve Jobs. But a few leaks have already created a stir on the Web. Thus, prototypes of covers for the unit exposed on the Internet suggest that the phone is thinner and has a larger screen.

Some new features expected seem to motivate the concern of Orange on new uses for its customers.the next iPhone should have included a faster processor which will further improve surfing on different sites, but also a camera and video better, all of which can affect the amount of data exchanged on the networks of operators .

On the other hand, the new operating system of the iPhone, which is tested for several weeks by developers certified by Apple, allows the "iClouding" permanent safeguard wireless content of the smartphone in a "cloud" Remote memory giant already announced by the American manufacturer.

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The subsidiary of the Bouygues group has indeed provided a strong rebound in net income increased 60% in first half year on year, to 118.6 million euros.As for further cost reductions, the television group posted a net increase in operating income over one year, 78.6% to 186.5 million euros. The cost of the grid of the TF1 channel has in fact declined by 482.6 million euros to 423.6 million. Good performance hailed by investors since the title was climbing at about 11 am to 6.80% to 13.59 euros, the largest increase in the SBF 120. One of its main competitors, M6, which must also publish its results on Tuesday but after-hours trading, climbing from 0.77% to 15.74 euros. Meanwhile, the Cac 40 was down 0.57%.

This policy of cost reductions initiated since 2008 had been welcomed on Friday by the U.S. rating agency, Standard & Poor's, which had raised a notch note of the group, believing that these savings would result in a better rentatibilité online payday loans.The TF1 group has recorded a marked improvement in its operating margin, which has doubled in a year to reach 18.8%. "These statistics confirm, quarter after quarter, the effectiveness of measures taken to change positively the economic model of the group" welcomed the television group, which has however avoided giving details of its profitability target medium term.

Advertising revenue, "no particular concern" (Paolini)

In contrast, sales of the TF1 Group, which owns the Eurosport channel, TMC or LCI, fell slightly from 0.5% to about 1.3 billion euros. "Unlike last year, TF1 did not broadcast major sporting events (like World Cup soccer)," the statement said.Before the analysts, Nonce Paolini said he did not have "specific concerns" about the evolution of advertising revenue. The group is pleased to return to growth in advertising revenues in the second quarter (+0.7%) after a decline of 2.6% over the first three months of the year. Of all the activities, the advertising revenue shows an increase of 4.7% to 905.2 million euros. "The group remains more than ever mobilized to consolidate its leading position in the field of information and entertainment on the TV market and / or free," says TF1.

This slight decline in sales, however, makes the television group cautious about the stability of the whole of 2011. It evokes a persistent lack of visibility on the changing conditions.

His finance minister, Wolfgang Schäuble, keeps it informed of developments in European negotiations. From Nairobi, Lagos and Luanda, the Chancellor is riveted on his SMS, but refused to comment on the euro. Merkel knows she will eventually have to make concessions.But it did not deviate an inch from his line of days that Greece is funded through September, there is no urgency to bring together Heads of State and Government to decide a second aid plan in Athens.

"It was the wrong continent in crisis"

"The crisis of the euro and runaway Merkel is stuck somewhere between Kenya and Angola. This week, it was the wrong continent in crisis, "decide the conservative daily Die Welt.Even the eurosceptic tabloid Bild judge "inevitable" for Germany "to assume the financial consequences" of the crisis.

In addition to Greece and Ireland, the German analysts fear a contagion to Spain or Italy if Berlin continues to manage crises on an ad hoc without showing a real determination to protect the solvency of countries the euro area.

Clutching his requirement to pay the private sector, Merkel has been scolded by the head of the Bundesbank, Jens Weidmann. Former economic adviser to the Chancellor considers this option "against-productive.""The chorus of voices who have spoken publicly in recent weeks has not helped build confidence in the ability to solve political problems," said Weidmann in an interview with the weekly Die Zeit.

Paris Berlin had already doubled by setting the table a draft voluntary participation of banks with Greece, cutting the rug out from under the Germans claimed for months that sacrifices to the world of finance. Since then, the French initiative lost steam and Germany took the opportunity to put on the table's preferred option: a rescheduling of Greece, far more bitter for banks that participation sweet imagined in Paris.This obsession is described as "sterile discussions" by the German Jürgen Stark, chief economist at the European Central Bank.

Merkel sticks to its hard-line ally in the hope of a reluctant public that Germany Greece bail indefinitely. His strategy is not paid in the polls and is under pressure to change course.

Serious and ambitious negotiations seem to have finally taken to Washington for fiscal consolidation. The direct involvement of Barack Obama in the process has changed the tone of the negotiations.

"The meeting was very constructive," Obama said Thursday, after receiving two hours the party leaders at the White House. "Everyone around the table came ready to make compromises and agree with the need to reach an agreement before August 2 (…). The parties are still far from agreement, but another meeting is scheduled for Sunday the White House … In the meantime, there is still much work to do, "added the president. The Republican minority leader of the Senate, Mitch McConnell, has, meanwhile, described the meeting as "good conversation."A compromise is expected before the end of the month.

The purpose of these discussions is twofold: to decide massive reductions in public spending and long-term, associated with increases in tax revenues, and make possible a vote in Congress to raise the debt ceiling of the federal state by 2 August.

Without an increase in the limit currently set at 14,300 billion, the Treasury would end up in default of payment, unthinkable situation, likely to trigger a global bond market crash.

The first signs of compromise have emerged in recent hours. Some Republicans have admitted the possibility of eliminating several tax loopholes, an option rejected so far as regarded as a tax increase.Tax relief benefiting the managers of hedge funds, to ethanol producers, oil companies and companies acquiring private aircraft are symbolically referred. Several tenors Republicans seem willing to tolerate one-off tax increases in exchange for a simplification of tariffs.

Budget cuts

The second signal came from President Obama. The latter, for the first time, and against the advice of many Democrats elected, accepted the principle of economies in two popular social programs: the general pension scheme (Social Securit) and Medical Insurance Program Health of the elderly.

The spending cuts are planned of 4000 billion over ten years. These amounts are two times higher than those contemplated in the first phase of the negotiation was cut short and that involved the vice president of the United States, Joe Biden.The magnitude is however consistent with the demands of rating agencies and markets that are alarmed not only the enormity of the current U.S. budget deficit (9.3% of GDP), but especially from the perspective of its maintenance by example more than 7% of GDP in 2021 because of soaring health costs predictable and retirement.

Dozens of cases every day

The French association of bank users (AFUB) and receives a daily quarantine request for assistance. "In 2010, fifteen documents were distributed each day. Currently, we are 42 documents per day.We have tripled the number of applications, "said Serge Master, Secretary General AFUB asked on Europe 1. A figure that has not reached the levels of 2008, "there were then 80 requests for documents per day," says Serge Master. Another consumer association, the CLCV also reports a sharp increase in deposits of records. In Grenoble, twenty are filed every day.

Among those seeking the suspension of their credit, there are mostly unemployed at the end of rights, but also more and more French people who have lost their jobs and can not negotiate directly with their banks. More recent phenomenon, retirees are also more and more to come for help from the associations.

Cumbersome

Faced with this upsurge, the secretary general of AFUB regret the complexity of steps to take to qualify for this deferral option. Indeed, it is necessary to seek the advice of a judge. Although the procedure is "fast, one would hope that governments take the lead with a mechanism to achieve the same result without going through the court case," said Serge Master.

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