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Wells Fargo, the fourth U.S. bank, on Wednesday posted a profit decline in the second quarter, but losses on commercial loans and consumer loans recede from the first quarter.

The bank reports a profit of 3.06 billion dollars (2.4 billion euros), earnings per share (EPS) of 55 cents, against $ 3.17 billion, or 57 cents a year bpa prev.

Analysts on average forecast EPS of 48 cents by Thomson Reuters consensus I / B / E / S. It was not immediately clear whether this compares to 55 cents bpa announced by Wells Fargo.

Citigroup reported Friday a net profit of 2.7 billion dollars for the second quarter, down 37% year on year, due to lower revenue in the banking business.

Per diluted share, net income stood at 9 cents.

In the second quarter of 2009, net income was set at 4.28 billion dollars or 49 cents per share.

Analysts on average expected a profit of 5 cents per share excluding exceptional items for the second quarter, according to Reuters Estimates.It is not known if the EPS of 9 cents can be compared to the consensus of 5 cents.

The bank, which the U.S. government is a shareholder, said its credit losses are down for the fourth consecutive quarter.

In pre-market value fell by 2.2% to 4.07 dollars.

Boeing said Friday it has formally responded to the call for tenders for tanker aircraft, the U.S. Air Force.

The aircraft proposed by Boeing is to replace 179 KC-135 U.S. Air Force Eisenhower era.

The Boeing said to have the ability to produce at a rate of production will be required.

The European EADS has submitted his proposal on Thursday.

The European Commission approves acquisition of Volvo by Ford Motor by Chinese carmaker Geely Holding Group and the group of public investment Daqing.

The European Commission said in a statement that after investigation the transaction does not have significant problems of competition.

The Paris Bourse was hesitant about opening a day after a fall of 4% and in anticipation of several indicators in Europe and the United States.

The CAC 40 is expected at the end of this session, last month, its first quarterly loss after four consecutive quarters of increases. At this stage, the ACC leaves approximately 13.5% over the quarter.

Around 9:20, the index gained 0.32% to 3444.0 points.

STMicroelectronics, highest jump, takes 1.29%, followed by Sanofi-Aventis, which earns 0.85% after the announcement of the acquisition of the American TargeGen.

The bank, apart Dexia (-0.07%), bounce on the eve of the repayment of 442 billion borrowed a year ago to the ECB by the European banks.Societe Generale gained 0.81%, 1.22% Credit Agricole and BNP Paribas 1.26%.

France Telecom sells 0.92% after the lowering of recommendation from Goldman Sachs to Neutral cons buy.

Other major European markets advance marginally, London and Frankfurt gained 0.32% 0.33%. As for the European indices, the EuroStoxx 50 wins and 0.49% Eurofirst 300 rose 0.14%.

Euro recovers, trades at about 1.223 dollar after going under $ 1.22 the previous day.

U.S. light crude oil off again on the rise as to approximately 76.2 dollars a barrel after falling more than two dollars Tuesday.

M6 posting a 2.1% increase in advertising revenue of the chain in the first quarter for an increase of about 10% in March, the trend has continued into April.

The television group saw its total consolidated turnover increased by 10.3% over the period, to 361.1 million euros thanks to a jump of 16.7% of non-advertising revenues, which for the first time, represent more than half the total.

The action takes 0.66% to 19.82 euros at midday, the published figures that exceeded analysts' expectations, and the pan-European media index falls by the same magnitude.

The increase in advertising revenue channel in the first quarter, despite declines in January and February, following a 1.5% increase in fourth quarter 2009, the first in a year and a half.

The chief executive Nicolas de Tavernost, told Reuters after the meeting of the group's advertising revenues had increased M6 of "approximately 10% in March.

"The pace is good in April. This is not very different," he said, noting that the visibility was still low.

RESUMPTION OF ADVERTISING MARKET

TF1 will publish its figures for its part May 11In mid-April, its chief financial officer had indicated that TF1 should have recorded a double digit growth in advertising revenue in the chain in the first quarter. He had reported a continued recovery of the market and favorable comparisons.

In the first quarter of 2009, TF1 had indeed suffered a fall of 27% of its advertising revenue, while M6 had limited its decline to 11%.

ZenithOptimedia (Publicis Group) reduced to 1% in April (against 1.5% previously) its growth forecast for the TV advertising market in France in 2010, after a decline of 10.3% in 2009.

M6, which shows a net cash of 553.2 million euros at end-March, has sold its stake in February from 5.1% in Canal + France to Vivendi for 384.2 million euros.It distributes about half of its shareholders in the form of a dividend of 1.50 euro per share, bringing the total to 2.35 euros.

Nicolas de Tavernost confirmed to shareholders that the group had slightly increase the cost of grid M6 in 2010 was 303.5 million euros in 2009.

He told reporters that his group would invest between 50 and 100 million euros in the general entertainment channel which will occupy the channel "bonus" which M6 – as TF1 and Canal + – will be entitled to termination of the distribution of television Analog scheduled November 30, 2011.

Nicolas de Tavernost said this estimate, which depend on the volume loss of the chain and the market, accounted for all the losses accumulated prior to becoming a recipient – which took three years to W9.

The pattern of M6 has reaffirmed its interest in a TNT channel in addition to W9, while TF1 completes acquisition of TMC and NT1 Groupe AB for 192 million euros.

But it Bolloré Lagardère announced in March the sale of Virgin 17 for 70 million euros.

The Thales group has been sentenced by a tribunal in Paris to repay hundreds of millions of dollars in litigation on Taiwan frigates, said Monday the AFP Thales and a source familiar with the matter confirmed a report in Le Figaro.

By this decision, the arbitral tribunal (three judges selected by agreement by both parties) condemns Thales to repay overpaid commissions to middlemen to get the contract for sale of six frigates to Taiwan by France in 1991.

"The award was notified today (Monday, editor's note) to Thales in Paris by an international tribunal. Thales was ordered to pay damages.It is notified of a total and we will specify in the evening figures concerning Thales ", told AFP a spokesman of the group.

According to Le Figaro, Thales will pay 591 million dollars, a sum plus interest and costs of arbitration, which should be about one billion dollars.

Article 18 of the contract "Bravo", codename file frigates, explicitly prohibited from paying intermediaries under penalty of restitution payments made in Taiwan.

But an investigation by a Swiss magistrate found that substantial sums had been paid by Thomson-CSF (now Thales) to intermediaries whose principal, Andrew Wang, had been asked to persuade Taiwan to choose the French ships. The Swiss court has blocked 520 million belonging to Mr.Wang.

This discovery has led Taiwan to enter an arbitration tribunal in 2001 for the reimbursement of fees.

Although Thales has been a leader in the contract "Bravo", 70% of the contract frigates returned to the Directorate of Naval Construction (DCN), a public company and whose intervention in the contract was guaranteed by the state.

According to several sources familiar with the situation who spoke before the decision notified on Monday, if convicted of Thales, the state would have to pay 70% of the total sum claimed to Thales.