Solidarity Minister Roselyne Bachelot on Wednesday presented the new contracts for seven hours to eleven recipients of RSA representatives of councils willing to experiment with this device, it was learned from the department. Departments candidates to experiment with these contracts, reserved to the people furthest from the labor market, are the Maritime Alps, Savoie, Haute-Savoie, the Vendee, the Channel, the Rhone, the Upper Rhine, the Lower Rhine, the Gold Coast, the Marne and Haute-Marne.Tuesday in Bordeaux, President Nicolas Sarkozy said that the contracts were intended to "restore dignity" to the beneficiaries of RSA.

With demand strong, the world's largest earth-moving machinery and equipment for the mining industry posted net earnings of $ 1.14 billion, or $ 1.71 per share, against 792 million, or 1.22 dollar per share, a year earlier.Analysts polled by Thomson Reuters I / B / E / S on average expected $ 1.54 per share.

In pre-market, the title earned 3% after these announcements.

The turnover stood at 15.72 billion dollars between July and September, up 41%, the group called a record, as the market anticipated 15.03 billion dollars.

For all of 2011, Caterpillar said he expected sales to about $ 58 billion, including its recent acquisition of Bacyrus, whereas previously anticipated sales of between 56 and 58 billion.

Earnings per share are now expected to 6.75 dollars for the year, on top of an initial forecast range from 6.25 to 6.75 dollars.

For 2012, Caterpillar expects its sales climbed 10% to 20%.

A nearly six months of the presidential election, the French authorities have once again assured Tuesday that they would do anything to keep the maximum score, which allows the country to finance at low cost, and promised new measures if needed.

But their room for maneuver seems limited because growth such as trust are affected globally in a context of anxiety in financial markets.

Bank stocks have fallen to the Paris Stock Exchange after the announcement of Moody's, while the yield on the French debt and insurance against the risk of default (CDS) rose, the yield spread between French and German debt (spread ) reaching a high for 16 years.

Moody's does not mention specifically the possibility of a perspective "negative" on the Aaa French, but if it were to lower the perspective, a downgrade could occur over the next two years.

"The 'triple A' is not in danger because we will answer these and we will be even ahead of the goals of deficit reduction," said French Finance Minister, Baroin, on France 2."If necessary, we will take steps for the appointment."

"We will make every effort not to be degraded," he added, noting that "we still have enough tax loopholes, if necessary, we will remove them."

GROWTH flu

The rating agency said in a statement: "In the next three months, Moody's will review and assess the stable outlook against the government's progress in the implementation of these measures (fiscal consolidation-Ed), taking into account all economic and market potential negative. "

Moody's also refers to the likely increase in the French contribution to the rescue of Greece and the prospect of a recapitalization of banks in the country, to which the State may need to participate.

"The deterioration in the debt figures and the possible emergence of new financial commitments put pressure on the stable outlook of the Aaa rating of the state" French, says the agency.

Engine of French public deficit, the country's growth next year should be much lower than the 1.75% forecast by the government, which may influence the path that should lead France to a deficit of 4 , 5% of GDP in 2012 and 3% in 2013, after 5.7% this year.

According to the survey conducted by Reuters with a score of economists, and they expect an average growth of 1.0% next year.

Baroin has for the first time said Tuesday that the objective of 1.75% was "probably too high."

Economists polled by Reuters Tuesday, believe that the economic downturn is the first threat to France and its sovereign rating, a threat reinforced by the possibility of further government intervention to resolve the crisis in the eurozone and strengthen the banks.

"The Triple A French is a little on the hot seat, especially if the French economy was facing a shock much deeper than what we anticipated," said Jean-Christophe Caffet, an economist at Natixis.

For Gilles Moec, an economist at Deutsche Bank, "the issue of growth is most important because it constitutes the core of the macroeconomic strategy of France.""The engine stalled, forcing more likely to act on the structural deficit."

Philippe Waechter, director of economic research at Natixis Asset Management, for its part said that "if growth is not expected robustness, the objective of reducing the budget deficit will not."

Jean-Louis Mourier, economist at Aurel Leven, said meanwhile that "bank recapitalization would impact the debt but the real problem is the trajectory of public finances and therefore growth."

PUZZLE AND EUROPEAN PRESIDENTIAL

Moody's notes that the level of debt of France is among the highest Aaa rated countries, while remaining content with a relatively low weight of the interests of debt to government revenue.

But the ability to fund high levels of debt "is based on investor confidence in the government's ability and willingness to cope with unexpected challenges," the agency said.

A situation even more critical that the chronic current account of France requires it to obtain financing from foreign investors.

François Fillon on Tuesday urged members to refrain from bidding on the draft budget for 2012, including the examination begins on Tuesday, with specific reference to the warning from Moody's.

"In this context, the budget debate must be exemplary," said the head of government before the UMP group, reported a number of members present at the meeting.

A weakening of the "triple A" French further complicate the resolution of the crisis in the eurozone, France, with Germany being the main contributor to the European Financial Stability Fund (EFSF), the European support fund, whose rating depends part of those of its contributors.

Beyond the EFSF, the European dynamic could be profoundly affected if the second largest economy in the euro area clinched the best student, Germany.

The threat of a possible negative watch placement of Aaa, should also limit a little more room for maneuver of the candidates in the presidential election of April-May

The Socialist candidate Francois Hollande and his family have announced that their action, if they win the presidency, will be dictated by the need to preserve the confidence of creditors of France.

"We need better regulation and better capitalization of banks," he said.

"Everyone will not like this, but it is the best way there is no escalation of the crisis caused by a collapse of the banking system."

"The cause of this crisis is too much debt, but we must fight the danger of contagion. We must simply recognize that banks currently have more trust towards each other, so the market Banking is not working as it should.The best way to combat this is a better recapitalization. "

Some thought that profit-taking would arise from the opening given the gains accumulated in four sessions. If the opening movement continues, the S & P 500 is on track louse save his best week since early July.

For now, he earns 0.5% to 1215.33. The Dow Jones ahead by 0.5% to 11,488.73. The Nasdaq Composite Index is 0.3% to 2615.08.

Fellows prepare for the publication of the index of consumer confidence published by the University of Michigan. It is intended to 56.5 against 55.7 in August.

Boeing gained 1% to 64.98 dollars.Air France-KLM announced plan to order 110 aircraft divided equally between Airbus and the American manufacturer.

Yahoo takes 1.5% to 15.11 dollars. According to the media, the private equity fund Silver Lake is considering an offer.

Global stock markets tumbled again Monday, maddened by the assumption of more and more openly discussed a bankruptcy of Greece despite the soothing statements from European officials.

"The events taking place in Europe affect a growing market with a flurry of distressing information," noted Patrick O'Hare, Financial Analysis Site Briefing. "The markets anticipate scenarios very dark and do not want to remember that the darkest assumptions," added Yves Marc, Global Equities."We remain in a market in flux guided by fear," added Franklin Pichard, Director Barclays stock.

All European stock markets ended the day deep in red, Paris, Milan and Madrid, ending even the lowest for two and a half years. Briefly falling over 5% in early afternoon in Paris because of particular concerns for French banks, under threat of a deterioration in their rating by the rating agency Moody's.

European shares, which had already been a Black Friday, continued to plunge. In closing, Paris was unscrewed from 4.03% to 3.89% Milan, Madrid from 3.41%. Frankfurt yielded 2.27% and 1.63% in London. In Asia, Tokyo ended down 2.31% and 4.21% of Hong Kong.

Wall Street resisted in the middle of the session: to 16:00, the Dow Jones that yielded 0.75%.But the trend remained fragile and could accelerate the losses from one moment to another, stressed brokers.

The hypothesis of a failure of Greece, or even leaving the euro area, continues to gain ground and influence markets. "European officials are trying to take a more firm vis-à-vis Greece, in front of a ras-le-bol growing against the bailouts in Europe and North against austerity in the south "in the region, said Michael Hewson, an analyst at CMC Markets.

This weekend, the German Minister of Economy Philipp Rösler has not ruled out a bankruptcy ordered Greece to save the single currency before the department will remember come Monday that Athens had its place in the euro .

The Commission President José Manuel Barroso and German Chancellor Angela Merkel in turn tried to restore calm by ensuring, in a joint statement after a meeting in Berlin, the EFSF, in its strengthened would be operational by the end of the month.

The European Financial Stability Fund created last year, bringing relief to struggling countries, must in particular be allowed to buy government bonds on the secondary market. Athens, which is desperately trying to reassure its creditors, has pledged Sunday to take additional steps to save $ 2 billion in 2011.

The European Commission has welcomed the announcements and said that the donor countries meeting in a Troika-European Commission, European Central Bank and International Monetary Fund-would return to the country "in the coming days." The atmosphere had deteriorated markedly since the unexpected departure of the country of a Troika mission in early September.

Bank stocks, especially in France, have been particularly turbulent Monday, weighed down by their exposure to sovereign debt and fears about their solvency. BNP Paribas has unscrewed from 12.35%, 10.64% of Crédit Agricole and Societe Generale of 10.75%.

"Whatever the scenario Greek and supplies to go, French banks have the means to cope," he tried to reassure the French Minister of Economy and Finance, Baroin, reiterating a message delivered in the morning by the governor of the Banque de France Christian Noyer.

"We are ready to provide liquidity to banks requested" to "unlimited" and "fixed" for the euro area, for his part reiterated the governor of the European Central Bank (ECB) Jean-Claude Trichet, in his as a spokesman for the group of major central banks.

The week promises to be crucial. Wednesday, an emergency meeting of the IMF to be held on Greece and the finance ministers of the euro area and European Union will meet Friday and Saturday in Poland to try to complete the second level of support Greece nearly 160 billion euros, promised the country July 21.

However, the markets seem to doubt the capacity of policy to agree and thus to regain control the crisis, especially after the G7 meeting on Friday and Saturday, which has resulted in "no action" according to an analyst.

Finance ministers and central bank governors of the seven richest countries in the world (G7) have simply promised Friday to Marseille to respond "strong" and "coordinated" to the crisis but without specifying their strategy.

Considered a value at risk in this context, the euro was heavily abused: Monday he touched its lowest level since mid-February against the dollar and 10 years against the yen.

On the debt market, the rates of German and U.S. bonds, safe havens, were at their historic low.Conversely, interest rates have soared Monday in a securities issuance of public debt in Italy.

The second European airline in terms of sales said in a statement it had carried 6.8 million passengers last month, with revenue per available seat kilometer (RASK) excluding currency "slightly down" from August 2010.

Traffic recorded an increase of 10.7% in the Americas network and 9.0% on the Asia network, for load factors in respective increases of 1.3 points to 89.6% and 1.4 points to 89.4%.

The Caribbean and Indian Ocean network recorded a traffic increase of 10.0% with capacity up 7.1%, while Africa and the Middle East are still affected by political crises and have a stable traffic ( -0.1%) on capacity down 0.5%.

In freight, cargo traffic is also almost stable (-0.2%) with capacity up 2.8%, bringing a decline of 1.9 points in load factor to 62.5% while unit revenue per tonne kilometer (RATK) excluding currency is "up slightly".

Action Air France-KLM on Tuesday completed a course of 5.993 euros, showing a dip of 56% since the beginning of the year.

The president of the U.S. central bank (Fed) Ben Bernanke on Friday called the political authorities in Washington to make fiscal stimulus to complement the effort of supporting the institution to grow. "The Fed will certainly do its utmost to help restore growth rates and employment rates in an environment of price stability," said Ben Bernanke in a speech in Jackson Hole, Wyoming in the mountains (Western States USA)."However, most of the economic policy measures to support the long-term growth is a spring outside the central bank," he added.

For him, it is for elected officials to take additional fiscal stimulus for employment. Ben Bernanke does not really paved the way for further monetary easing as many had hoped. At most, he has not ruled out this possibility, stating that the regular meeting of the Monetary Policy Committee of the Fed planned for September 20 would be extended by one day to allow a "fuller discussion" on the policy. While the economy seems to get bogged down, the head of the Federal Reserve believes that "the foundation of growth" are still there in the U.S., despite the persistence of "risks". He said GDP growth "should improve" the second half.

About the situation in Europe – one of the "risks" mentioned with that of the long-term situation of public finances U.S., Mr Bernanke said his optimism. "I am confident that our European colleagues are fully aware of what is at stake in the difficult problems they face today and that over time it will take all necessary and appropriate measures to deal effectively and fully, "said his speech.

The September contract on Brent crude has ended up 4.0%, or 4.11 dollars to 106.68 dollars.

Previously on the Nymex, the contract on September U.S. crude (WTI) had ended with a gain of 3.59 dollars, or 4.53% to 82.89 dollars a barrel.

Eighteen months after buying the British chocolate maker Cadbury controversial, Kraft plans to split its North American grocery through a split tax-free by the end of 2012.

Kraft now considers that its activities and snacks division North American grocery now have strategic priorities, patterns of growth and operating objectives that differ.

Investors can therefore choose between the strong growth prospects of the market for snacks in emerging economies, or build on the security offered by the grocery business.

The draft terms of division received two support weight, those investors Pelte Nelson and Warren Buffet, the latter being the largest shareholder of Kraft.

The group issued a profit along better than expected at 62 cents per share, a Thomson Reuters consensus I / B / E / S to 58 cents a share, with net sales up 13.3% to 13.9 billion.

The group raised its forecast for annual EPS at least $ 2.25 and organic growth of its turnover to at least 5%.He was formerly an annual EPS of at least $ 2.20 and organic growth of at least 4%.

All these ads allowed under Kraft jump of almost 3% at the New York Stock Exchange in the morning.