Last month, 54,000 non-agricultural jobs have been eliminated, said Friday the Labor Department, the number of temporary contracts linked to the census of population decreased by 114,000.

The private sector alone, considered a better barometer of the health of the labor market, has created 67,000 jobs in August, against 107 000 (revised 71,000) in July.

Washington has also sharply revised downward the number of items destroyed in July, to 54,000 against 131,000 originally announced. The figures for June were also revised to show 175,000 job losses against 221,000 originally estimated.

"These are very good figures for the labor market," said Kathy Lien, director of currency research at GFT. "This means that for the moment, the fear of a weakened U.S. economy is unjustified, the statistics showing that the labor market is not as degraded as that."

Wall Street opened sharply higher after the publication of these statistics, while U.S. government bonds, seen as safe havens amplified their losses.By mid-afternoon, the dollar also gained ground against the euro and the yen.

Economists and analysts polled by Reuters on average had forecast 100,000 job losses in non-farm in August, and 41,000 designs in the private sector.

NEW MEASURES TO STUDY THE WHITE HOUSE

The statistic should alleviate fears of a return to recession and reduce pressure on the Fed for a new program to buy back debt intended to keep rates low on the market, thus promoting the credit.

President Barack Obama on Friday welcomed the employment figures, which he presented as good news but added that they were not sufficient.

He said he would consider next week a new series of measures to support growth and employment.

Fears of a return to recession had already fallen in recent days after reassuring statistics on activity in the manufacturing sector and consumer spending, but weak growth continues to worry investors.

The unemployment rate rose last month to highlight to 9.6%, in line with economists' forecasts, a number of unemployed discouraged by the situation on the labor market recovering himself looking for a job .

The difficulties in finding jobs weigh on household consumption, which is usually two-thirds of economic activity in the United States, and the recovery is still hesitant.

In the second quarter, growth slowed considerably and the Fed chairman, Ben Bernanke said last week that the central bank stood ready to increase its support to the economy if necessary.

The publication of the minutes of the last meeting of the central bank, however, shows that such a decision will be taken in case of significant deterioration of the prospects.

"The economy somehow mark a break and, depending on the time period should last, the Fed will be forced to intervene or not," said Ryan Sweet, economist at Moody's Economy.com.

The average weekly working hours was unchanged in August to 34.2 hours.

The group was not immediately available for comment on this information.

At mid-day, action, Cable & Wireless gained 5.24% to 70.3 pence, after a while jumped nearly 13% in the morning.

More than 12.6 million shares Worldwide Cable & Wireless had been exchanged at 9:51 GMT, against a daily average of 12.3 million shares traded in the last month.

The communication specialist aerospace engine manufacturer Snecma's parent, spoke in response to an article in financial daily La Tribune has reported in its Monday edition that a takeover bid was being prepared and should Saffron decide in "coming days" whether to launch its workforce.

Saffron wishes to recall the terms of its communication of 11 July and (…) is not in preparation for a bid on Zodiac.Safran said that in any event no new developments since its previous release, "the company said in a statement.

"The group remains confident in the industrial and strategic interest of reconciliation for all stakeholders," the statement added.

On July 11 Safran announced sending a letter to the CEO of Zodiac to study a proposed business combination. Zodiac had firmly rejected the proposal.

A spokesman declined to comment Zodiac Monday.

Around 16:45, the action still Zodiac gained 8.03% to 46.84 euros on the Paris Bourse after a high of 53.4 euros reached earlier in the day.The title Saffron retreated to its share of 2.46% to 18.86 euros.

According to La Tribune, Safran plans to offer a significant premium to shareholders of Zodiac, citing internal sources, even if no hostile bid is expected.

"Considering that we have more than one in two chance, we'll go, if it has less than one in two chance, we'll wait.This folder will always feel in six months a year, "he told the newspaper an internal source of saffron.

Saffron is able to offer a premium of 30-40% compared to the current course, says the Tribune, the equivalent of the highest historic title in 2007, to 58 euros.

Safran is ready to bring the family shareholders of Zodiac in its capital, the newspaper said, which would dilute the share of the state, now a shareholder group to 30%.

Citing "multiple sources," the newspaper wrote that the family Domange shareholder Zodiac up 9.28%, is not ready to sell, unlike the Peugeot family (5% of capital) who would be willing to cede Units.

Saffron should make a bid for that allowing shareholders to maintain the family tax benefit they have obtained by signing a pact Dutreil "six years ago and through which they receive a tax exemption on capital of 75%.

In prior postings to the families, Safran said his project is an acquisition of Zodiac, but that it could be achieved by exchange of securities and merger in order to preserve the fiscal pact, The Tribune wrote.

"The committee (monetary policy) is ready to implement further monetary easing through unconventional measures, if necessary, especially if the outlook were to deteriorate significantly," he said in a speech prepared in advance for the annual symposium organized by the Fed in Jackson Hole, Wyoming.

Ben Bernanke said that the acquisition of long-term bonds made by the central bank had been effective in allowing a reduction in credit costs, and added that believe the benefits to be obtained, if necessary, further buybacks This would be most important disadvantages.

Other options, such as a commitment to keep interest rates exceptionally low for a longer period than expected current markets or an increase of inflation targeting by the Fed would be less effective, he said.

However, he clearly stated that the Fed had not decided which would lead it to adopt new measures to relax its policy.

"At this stage, the committee did not agree on criteria or specific triggers for further action," he said.

The group identified the first six months of the year operating profit of 18.1 million euros, an increase of 175.7% over one year.In Europe, profit improved by 1.5 million to 3.5 million, but China's first regional contributor to operating income, it increased by ten million to 14.6 million.

The turnover of Etam Development has increased in the range from 9.2% to 545.5 million euros, while its net income Group share stood at 7.2 million (235.6 %).

Net debt has dug in contrast to 66.8 million euros compared to the same period last year to $ 179.9 million, an increase qu'Etam considers "limited" in view of setting implemented on June 30 its acquisition of shares for 99.2 million euros.

After taking account of the operation, the ratio of debt to equity stood at 63.0%, against 31.1% a year earlier.

Before the publication of results, action Etam closed up 2.25% to 32.72 euros, giving a market capitalization of approximately 260 million euros. Since the beginning of the year, the stock has taken nearly 80%, after surging more than 150% throughout 2009.

The automaker, whose parent company Zhejiang Geely bought Volvo to Ford, posted a net profit of 804.85 million yuan (94 million euros) for the first six months of the year, against 595 910 000 yuan for the same period in 2009.

Analysts polled by Reuters had expected a profit of 756.4 million yuan.

"Despite the strong performance of group sales in the first half, the Board nevertheless expects that competition continues to intensify in the Chinese market as for export," said Geely.

The group remains confident in its ability to meet its target of 400,000 vehicles sold this year, or 22% more than in 2009, said its chairman and founder Li Shufu, the Henry Ford called Chinese.

In the first half, Geely sold 195,734 vehicles, or 42% more than in the first six months of 2009.However, group sales in July fell 12% over a year, falling to 21,684 vehicles.

"Sales of Geely are expected to decline during the remainder of the year and there are risks on the benefits for six to nine coming months," he warned before the announcement of Steve Man, an analyst at Samsung Securities.

The long-term prospects of Geely might be better if its parent is able to recover Volvo.This adjustment of Swedish manufacturer Geely deficit could allow to benefit from technology transfer and possibly to transfer the brand of luxury vehicles, "he added.

BYD, Geely Chinese competitor backed by billionaire Warren Buffett said Monday that quarterly earnings disappointed investors and announced the launch of new models to cope with the slowdown in the Chinese automotive market.

The growth of China's auto market should indeed slow in the second half with measures taken by the government to prevent overheating of the economy.

At the Stock Exchange of Hong Kong, the title yielded 0.38% to 2.60 HK dollars around 7.35 GMT.Since the beginning of the action Geely fell 39% due to the weakening of group sales, while the benchmark index of the Stock Exchange of Hong Kong, the Hang Seng has lost 6% in the same time.

The Sunday Times reported Sunday that SABMiller, the second brewer in the world, was considering acquiring the operations of Foster's in beer for about seven billion pounds (8.6 billion euros).

One source interviewed by Reuters said Monday that Asahi was also interested. The Japanese brewer benefit from the advice of Nomura and Rothschild on this issue. Asahi did not wish to make comments.For his part, said SABMiller had no comment on Foster's and added that no announcement was planned for Monday.

The managers are divided on the possibility of the emergence of an offer to purchase before the formal split in 2011, activities of wines from those of Foster's beer.

"We remain skeptical about the possibility that an offer to intervene before the split in the beer business scheduled for early 2011," says Ian Shackleton at Nomura in London.

Analysts said the group's activities in the Australian beer may attract other beverage producers, such as Molson Coors, which already owns 5% of Foster's, Coca-Cola Amatil.

PURCHASE AN UNLIKELY IN NEAR FUTURE

According to data compiled by Thomson Reuters, an acquisition of the Foster's beer in which generate margins among the highest in the industry, would be the second largest deal this year in the area of food and beverages.

Rumors have redemption under Foster's to move in volumes three times the average of last 30 sessions and close a jump of 7.6%.The action Asahi also ended higher (0.62%), while in mid-day 0.41% SABMiller took in London.

However the cost of protection to five years against a default on its debt British brewer has increased by 21 basis points (bps) to 96 bps.

In response to press reports, Foster's, which owns brands including Foster's Lager, Victoria Bitter and Pure Blonde, said he was unaware of any unexpected information.

Foster's analysts value at about 13 times its expected profits but largely on the value of the Australian group is linked to its activities in beer, while its wine industry is struggling.

"(A takeover) is very unlikely in the near future but once the separation takes place, there will be some interest," said Daniel Nelson, an analyst with Constellation Capital.

"In terms of margins, is a highly profitable market, and the cash could be used to finance certain ambitions in developing markets."

The Australian press announcement Monday that his side SABMiller has appointed JPMorgan and Royal Bank of Scotland to advise on this issue but no decision has yet been taken.

The president of Asahi, Naoki Izumiya, said in August that his group planned to dispose of nearly 7.2 billion euros for acquisitions over the next five years, eyeing assets in Asia and Oceania.

SABMiller, which owns the rights to brew Foster's in the U.S. and India, produces about 85% of its profits in emerging Latin America, Africa and Asia.

This topic is more socially and economically. In the current crisis, it is even very controversial, very "dangerous". We must therefore take tweezers in the formulation of the analysis to avoid offending the spell …

I. The model of solidarity to the French: the world's best
Originally the solidarity model, also called French social model may appear as the best in the world. Its basic principle is: high public spending and high tax burdens, but in exchange, through redistribution, greater solidarity and hence less inequality, less unemployment, less poverty and more comfort- be economic.

II.This model of solidarity no longer works
Unfortunately, the past ten years, this model is disintegrating, to the extent that public expenditures increase more and more (56% of French GDP in 2009), the tax burden is among the highest in the world. Despite this extravagant strategy, growth, structural decline, unemployment is around 10% sustainable, poverty rate increases (14% of French people living below the poverty line), including the widening inequalities in income and health and funding of the retirement pay is more assured. So the French model of solidarity is more effective.

Conclusion: This is where the controversy settled: that it must also increase public spending and taxes. If this solution is certainly easier, it is not credible: it no longer works for 20 years and is a runaway.We must therefore stop veiling the face: the only way to make solidarity in France resides in the ability of the latter to the high growth. To achieve this, we must reduce the tax burden for all, make it as fairer, while lowering the inefficient public spending, including operating expenses.

Jean Paul Betbeze, director of studies of the Credit Agricole

Introduction: The word solidarity is one of the most important part of our vocabulary, one of the most sensitive too, because it is at the crossroads between economic and social. He asked how "to society", that is to say, how to combine growth, efficiency, distribution, justice. The issue of solidarity is today more acute because the growth is not at the rendezvous.This leads to the question of wealth distribution, with the idea that certain expenses so-called solidarity have been too high and / or have not contributed to growth, as might have been expected.

I. The French social model, an exception
Solidarity meeting in fact a set of situations. Shock people (health, illness), economic shock (unemployment and social benefits) and shock (pensions) are the three sources of spending solidarity. We must study their rationale, their legitimacy and effectiveness. Looking in effect say that young people can not but be struck by the solidarity they restricted themselves to considering. The family, themselves and their friends and cronies.This sends the idea, positively, that the best solidarity begins at home and his family, but also that state support, social activities are increasingly counted in the first place the conditions for retirement and old age support . Truth and realism.

II. There can be no solidarity without growth
So we must find ways to live together solidarity and growth, after some excesses were committed and at the inability to continue as before. There can be no solidarity without legitimacy, without transparency, without verification. That is no explanation for it, without penalty to the excesses or misrepresentation and without education, to avoid any shocks. Economic solidarity corresponds to the current difficulties of the job. Unemployment is the brand.But support to individual entrepreneurs (with tax benefits) are also a de facto solidarity. Finally, solidarity must be proactive. It must be less than a correction, compensation of a preparation: training throughout life support mobility. Solidarity in the event of sickness is also essential, but it can not avoid the growing support in people themselves. Lifestyle, sport, medical conditions are independent of a reduction of medical risk and provide a happier old age, longer and less dependent on solidarity.
Conclusion: Overall, we must squarely address the solidarity at the intersection of economics and welfare, by making clearer the economy (transparency, fairness, efficiency), the general benefit of society.

Read a copy of Denis Ferrand, Director General of Coe-Rexecode by clicking here

Hurd, who was head of HP since 2005, will be replaced by Chief Financial Officer Cathie Lesjak, who will serve as interim executive director.

According to HP, an investigation into allegations of sexual harassment involving a former supplier Hurd and HP has concluded that Hurd had not violated the internal code of the company's sexual harassment but had breached the code by hand driving the group.

HP said that its board of directors has established a commission to appoint a new CEO.

The second largest producer of iron ore, a key component in steelmaking, will increase its investments by 50% in 2011, including Mongolia, to reach nine billion dollars (6.8 billion euros).

The group has drastically reduced its debt by $ 39 billion to 12 billion dollars over the last 12 months and is now estimated to have a strong balance sheet can withstand any new global economic shock.

"The growth is the priority for our cash (…), "Said Chief Executive Tom Albanese said in a statement.

With its rivals BHP Billiton and Xstrata, the group succeeded in July to convince the Australian government to ease new tax on mining, which was seen as a major threat by the group and the entire industry.

The group is now awaiting the necessary agreement to set up a joint venture of Australian iron ore from BHP Billiton, a deal that could generate more than $ 10 billion in savings.

Current profit mining giant in the first six months of the year amounted to 5.8 billion dollars against 2.6 billion a year earlier and 5.5 billion expected by analysts, according to a consensus reached by the company.

Rio Tinto has reached its half profits highest since at least 10 years.Its competitors, the Brazilian Vale and Anglo American have also reported strong results, after facing a drop in demand last year.

The profit generated by the flagship activity of Rio Tinto's iron ore operations, has more than doubled to four billion dollars, beating the consensus.

The aluminum industry has returned to profitability, with net profit of 313 million dollars.

The group reaffirmed its commitment to pay $ 1.75 billion in dividends this year as in 2008, and will spend six billion dollars of investment this year, against $ 5 billion originally planned.

At the London Stock Exchange, under the Rio Tinto advanced 1.27% to 34.55 pounds, while the index grouping the European mining stocks gained 0.25%.