Business & Financial News

The automotive supplier Plastic Omnium, a world leader and external fuel systems, Tuesday maintained its 2011 growth targets despite the economic uncertainty felt by some stakeholders.

Plastic Omnium is always improving its revenue and profitability and debt reduction over 2010, said CEO Laurent Burelle during a press conference at the motor show in Frankfurt.

"What I read in the papers does not match what I saw on a daily basis," he said. "What I saw is that the months of July and August were very high, my order book for September, October and November, is very high.July and August were excellent, and the outlook for the coming months are very good. "

At the end of the first half, sales of Plastic Omnium was divided equally between Europe and the world. The group is growing in Asia, which accounted for 14% of sales in the first half of the year, including China where it plans to open ten new plants within three years.

Plastic Omnium also benefits from the race for emission reductions.On its stand at Frankfurt, it has elements of composite structure fiberglass and carbon that can reduce by 2017 to 110 kg weight of a car, or 10 grams less CO2 per kilometer .

Asked if his clients were builders show a fit of caution against the backdrop of sovereign debt crisis, Laurent Burelle said: "As of today, no. But they are like everyone else, dependent on world of finance. "

Wall Street closed down Tuesday but reduced its losses quite considerably.

The Dow Jones lost 100.20 points (0.89%) to 11,140.06. The S & P 500 drops 8.67 points (0.74%) to 1165.30. The Nasdaq Composite Index gives 6.50 points (0.26%) to 2473.83.

These data are likely to vary even slightly.

Honda is recalling about 960,000 vehicles, including urban Fit, to remedy defects in the system of opening and closing windows, the group announced Monday.

No accidents were caused by these problems, said a spokesman in Tokyo.

In Japan, the recall involves Honda Fit occurred between October 2005 and October 2009. This model was also marketed in China and other Asian countries.

The group did not reveal the cost of this operation.

"The average growth in employment over the last four months was less than during the first four months of the year," the ministry.

President Barack Obama must address the Congress on September 8 to present a new government plan to stimulate hiring and boost economic growth, which has stalled since the beginning of the year. According to ministry figures, the only two industries that have actually hired in August, are the business services (28,000 net new jobs) and education and health care (34,000 balance).

Measured in the broad sense, that is to say, by incorporating the so-called discouraged unemployed, a number of other excluded from the official count, and people forced to work part time if you can find a full time job The unemployment rate in the United States rose again by 0.1 points in August, reaching 16.2%

Department figures are bleak in terms of changes in income Americans: the average hourly earnings fell slightly in August compared to July, and over one year's increase is only 1.9 % while inflation was 3.6% over the same period.