ICL plans to enter free

LCI she will soon be a free DTT channel? The matter is under study in TF1 wants to preserve one of its jewels. The first group of private television has quietly begun consulting the public to know under what conditions this could be changing.

The proposed solution is the demand in good and due form the High Council of Audiovisual (CSA) changes of the Convention on LCI pay channel free channel. What embarrasses the regulator, because the operation is not without risk and "give rise to litigation," promises an expert of the file.

TF1 pleads for the public interest and diversity of information in television. But critics denounce them, "a substantial modification if it completely changes the LCI media landscape." And everybody will go before the State Council.Government side, we observe with interest the maneuver. The State has to settle the sensitive issue of bonus channels, the passage of free LCI could be a good way to calm the war between TF1, M6 and Canal + since it unveiled its draft Canal20 free channel. In exchange for the rescue of LCI, TF1 calm his opposition to the arrival of new competitors.

Finding new advertising revenue

Canal + has been very clear. This is not about to pay 15 million euros per year for LCI is only CanalSat. Bertrand Meheut, CEO of Canal + 'the info is now free. " Canal + in fact no longer wants to put money on the table to distribute news channel competing with its own channel i-Tele. According to observers, Canal + could just pay 2 million euros per year. This will leave a hole in the finances of LCI.Especially as Numericable is preparing, in turn, reduce by half the fee of 5 million. Consequently, LCI, which is already losing 5.8 million euros for a turnover of 42.7 million must find the money. The news channel is currently negotiating distribution for all IPTV operators but this is not enough to offset the loss of the amount of Canal +.

If LCI chooses to stay free, we must find twenty million of additional advertising revenue to balance its accounts. But the market is crowded by BFM TV which has a total turnover of 34.5 million euros and i-Tele.

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Carrefour success of the strike, the talks will resume

Unions are rather relieved. After fears Friday that their call for the strike falls flat, following the announcement last minute by the management to reopen salary negotiations, they have welcomed a widely followed mobilization Saturday. Employees hypermarket distribution group were in fact called by four unions to strike on April 9 to protest among other things against salary increases for 2011, considered insufficient. The appeal was launched in late March by the FGTA-FP, the majority union at Carrefour (with more than 45% representation), and supported by the CGT, CFDT and CGC.

In total, employees of French retail group came to mass protest around the shops in this traditional day of great crowds in hypermarkets.According to estimates by trade unions, the movement has been widely followed (50 to 85% of striking workers) in 130 of 203 hypermarkets in the group. Over thirty sites have been completely blocked, preventing access of employees supermarkets. Even when they were not completely blocked, the strike rate has varied between 30% to 85% as estimated by Dejan Terglav, general secretary of the FO-FGTA reported by AFP. "The regions have been mobilized over the North Brittany and the Centre", said the unionist. When contacted, the management of Carrefour has not confirmed those numbers, ensuring that all supermarkets remained open and were greeted customers.

Union representatives Friday morning anticipating a high rate of mobilization of employees. A rare occurrence in a group unaccustomed to large-scale social movements."Especially since the announcement of the reopening of Carrefour wage negotiations Wednesday could deter some people from coming forward. But reopening negotiations, it does not mean to succeed "insisted Dejan Terglav.

"It's a movement that looks pretty memorable," confirmed Frank Gaulin, Steward central CGT. For his part Frank Gaulin central CGT union representative called the move "memorable" and hoped that "management sees fit." Jean-Claude Mailly, secretary general of the Workers' Force (FOR), came Saturday to support the movement at the site of Le Mans, on strike for 80%. "People want a redistribution within companies.When they are unwilling to do that, there is a strike, "said union leader, also claims that" a device to make compulsory the transport allowance in all enterprises. "

Insufficient wage increase

While management offers its employees a 1% increase in wages to March 1 and another 1% increase on 1 October, union officials estimate that these proposals do not cover inflation announced by 2% instant payday loans. "I do not really represents only 1% over the year," says a leaflet distributed by the FGTA-FO, which requests that the increases are decided once a year. The promise of recovery to 10% (against 7% previously) discounts on purchases of stores, and the announcement of the reopening of negotiations next Wednesday, will not suffice to bring back the union leaders on their decision.

Indeed, beyond wages, discomfort is increasingly strong-side conditions of use and new methods of work since arriving at the head of the group of Swedish Lars Olofsson, in January 2009. In total, FGTA-FO amounted to 10,000 the number of jobs cut since 5 years, and denounced a "new business model based on night work generalized ultra simplified workflow and increased employee stress .

The union also stipulates that future negotiations with management will not only wages and, even in case of high wage increase, it will not bend on the claims concerning the improvement of working conditions.

Opposition to the plans of division

While President Nicolas Sarkozy on Thursday expressed its willingness to link salaries to dividends, the unions could ask for more support for their speeches. For the third and final major demand, workers are opposed to the division by trading in the subsidiary Dia hard discount and the 25% of the land Carrefour Property. According to unions, these purely financial transactions would bring six billion euros to the two main shareholders, Bernard Arnault and Colony Capital (14% stake and 20% of voting rights between them).

In the words of Dejan Terglav in Les Echos reported on Friday, the organization also wants the Mutual Fund Business (CIPF) 'vote against the division (at the next general meeting of June 21 ed.)CIPF owns approximately 1.33% of the shares but the double voting rights "said the union leader. Bringing to nearly 4% the number of shareholders opposed the project, with the fund Knight Vinke (more than 1% of capital). But for now insufficient to meet a third of votes needed to derail the project.

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The Cac 40 advances

In the wake of a meeting of the rise in Japan, the Paris Bourse displayed in the green Friday. The Cac 40 gained 0.48% at the opening at 4047.54 points. INSEE and Bercy have improved their outlook for the French economy.

The National Institute of Statistics noted yesterday its growth forecast for the Hexagon in the first quarter. INSEE now expects a GDP increase of 0.6% over the period, and maintained its growth forecast of 0.4% for the second quarter. More good news: the Minister of Economy said Thursday night that the forecast deficit of France for 2011 is reduced to 5.7% of GDP as against 6% previously.The FO-FGTA whose representation rate exceeds 40% was followed by the CFDT, CGT and CGC.

The quotation of the EDF and EDF EN flilière (EDF EN) is suspended Friday pending a statement Payday advance.

The Lafarge Group (+1.64%) has resumed the sale of its "cast" Lafarge Gypsum, valued at 1.5 billion euros. Private equity funds are interested in taking over the division of "plaster" of cement, but are reluctant to bid for the entire division.

Walt Disney must hold a ceremony for the foundation stone of its theme park in Shanghai. This is a group of first park in mainland China.

Expedia, the online travel company announced Thursday its intention to split into two publicly traded companies, separating its activities Expedia and TripAdvisor.

Also expected today, the traffic figures for Air France (-0.52%) for the month of March.

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Energy saddled banks and the Cac 40

Despite the return of large mergers and acquisitions, the CAC 40 remains in the red, while the growing concern over Portugal after ratings agency Moody's has further worsened the country score. At mid session, it loses 0.62% to 4017.94 points.

At the Stock Exchange Frankfurt, the DAX 30 lost 0.36% to 7149.51 points, for its part, the Footsie-100 from the London Stock Exchange was down 0.32% to 5997.69 points.

With the exception of the Nikkei, which lost just over 1%, most Asian stock indices move in the green. On Monday, the Dow finished at its highest closing level since early June 2008, at 12,400.03 points.

On the macroeconomic front, growth in activity in the services sector accelerated further in March to its fastest pace since last August. The services PMI rose to 60.4 against 59.7 in February. An initial estimate had been given to 60.7 on March 24.

For the euro area, this index stood at 57.2 against 56.8 in February, its highest level since August 2007. It is superior to the flash estimate of 56.9.

Also for the euro area, retail sales came out slightly down from 0.1% in February compared to the previous month after rising 0.2% in Jan.

In the U.S., the ISM index of activity in services is expected in March to 16 hours.

On the currency markets, the euro fell slightly against the dollar at 1.4181 at midday in Paris.

Oil prices retreated Tuesday morning. In morning trading, a barrel of light sweet crude for May delivery lost 0.39% to 108.05 dollars.

EDF, the biggest drop Cac 40

The values ​​of energy (EDF, GDF Suez, Total, Air Liquide) are also tracked by investors.EDF lost 3.69% to 28.45 euros, GDF Suez fell by 3.25% to 27.35 euros and Air Liquide was down 0.25% to 95.52 euros, in contrast, loses 0 Total , 20% to 43.29 euros.

The government announced the cancellation of the rising gas prices on 1 July and the study of a new pricing formula. In contrast, electricity prices will rise by 2.9% on 1 July. Matignon has also confirmed that the oil companies will be involved to curb the soaring fuel prices.

Banks battered on Tuesday after Moody's downgraded the rating of Portugal. The rating agency does not lower it again.Societe Generale loose 2.37% to 44.72 euros, BNP Paribas dropped 1.73% to 51.83 euros, Credit Agricole sells 2.73% to 11.39 euros and Natixis was down 0.96% to 4 , 01 euros.

STMicroelectronics: 2.72% to 9.02 euros

STMicroelectronics benefits of the takeover bid by Texas Instruments of National Semiconductor for $ 6.5 billion (4.6 billion euros).

Areva: 2.12% to 31.75 euros

A list of candidates shortlisted by the Supervisory Board of Areva to hold the presidency of the Executive Group was deposited on the office of Nicolas Sarkozy, according to Liberation, citing near the head of state.

L'Oreal: -1.36% to 82.77 euros

According to the daily 20 minutes, the boss of L'Oreal, Lindsay Owen-Jones would be the subject of a complaint filed by Janez Mercun, a Slovenian who had a contract with L'Oreal granting the exclusive distribution market Russia.

PSA Peugeot Citroën: 0.39% to 28.58 euros

Gefco logistics group, a subsidiary of PSA Peugeot Citroën has signed with Italian funds RP3 Venice and a contract to acquire their share of 70% stake in Gruppo Mercurio, an Italian specialist transport and distribution of vehicles .

Cap Gemini, +0.01% at 41.55 euros

Cap Gemini is expected to announce Tuesday the acquisition of two French companies, and Artesys Avantias for $ 40 million, according to Les Echos.

Havas: -1.41% to 3.85 euros

Havas announced the acquisition of the independent agency Farm Strategy, without specifying the amount of the transaction.

Technip: +0.10% to 77.10 euros

Technip awarded a contract by RWE Dea for the development of gas field Clipper South in the North Sea.

Belvedere Trading on shares was suspended on Tuesday at the request of the company after the resolution of the preservation plan of the group of wines and spirits, delivered Monday by the Tribunal de Commerce de Dijon. The stock closed Monday up 8.67% to 66.20 euros.

Lactalis takes more weight in the Italian Parmalat

The General Assembly of shareholders of Parmalat, 12 April looks tense. While the rise in the dairy group Lactalis trans caused a stir in Italy, the company headed by Emmanuel Besnier announcement having captured 29% stake in Parmalat.

Holding 11.42% last week and 13.67% on Monday, Lactalis has indeed reached an agreement with three foreign investment funds Zenit Asset Management AB, Skagen AS and Mackenzie Financial Corporation to redeem their participation by 15.3% . According to the Italian press, the three shareholders would be fiercely opposed to the current chairman, Enrico Bondi, he intends to land.

Anyway, Lactalis is more than ever the majority shareholder of Parmalat.And although the group Laval did not intend to hold more than 30% of Parmalat, which would have to launch a takeover bid in the Italian securities laws, this absolutely does not like the Italian government and in particular Economy Minister Giulio Tremonti. The latter intends to take measures to defend domestic firms when they are considered "strategic payday advance lender."

Italy wants to counter Lactalis

To block the road to Lactalis and funds, the Italian government said "very favorable" to an alliance of investors across the country.Intesa-San Paolo could be the pivot while the dairy group Granarolo and giant chocolate Ferrero (Nutella, Kinder) have expressed their interest.

After that LVMH has offered the jeweler Bulgari and EDF talks with Italian Edison shareholders to reach agreement on the control of Edison electrician, Italy could see another national treasure in the hands of French companies . Not to mention that Groupama would take a share of the holding Premafin and that the airline Alitalia is 25% owned by Air France KLM since 2009.

In this context, France's ambassador to Italy, Jean-Marc de La Sabliere, was received on Thursday by Minister of Economy Giulio Tremonti and Deputy Secretary of the Presidency Gianni Letta, the right-hand Silvio Berlusconi, to be informed of the position of Rome who wants the "rules of reciprocity."

Japan: the disaster would cost 235 billion

The Washington-based institution publishes a report on Monday, in which it assesses the costs of the earthquake and tsunami at $ 235 billion or 4% of national production of the Archipelago. An amount exceeding the $ 127 billion fund that the government will release to support the recovery and beyond the $ 100 billion disbursed during the Kobe earthquake in 1995.

The World Bank points out, however, that reconstruction efforts should contribute to the rebound of the economy in the longer term."If it is based on past experience, the real GDP growth will be negatively affected by mid-2011," said the institution, adding that growth should resume in the following quarters, "when reconstruction efforts, which could last five years, accelerating ".

The reconstruction will also be longer than in the Kobe earthquake as "the disruption of production networks, particularly in the automotive and electronics industries, could continue to pose a problem" after a year, noted the Bank guaranteed pay day loans. Large groups such as auto giants Toyota and Sony Electronics have suspended production at many sites.

But manufacturers are mobilizing to resume production as soon as possible: Nissan plans to reopen its plants this week. In a few days, it should be Sony's turn to boost his string of rechargeable batteries.Honda and Toyota, in turn, raise the level of production in their plants to compensate for shortages of spare parts, felt by the entire automotive industry.

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The NYSE takes colors

U.S. stock markets opened on a positive note Wednesday, after avoirfini down slightly Tuesday as investors reacted with concern to economic indicators on consumption and inflation in the United States.

Today, the indices leave up: the Dow Jones allows itself to 0.27% 12,260 points, the broader index Standard & Poor's 500 up 0.43% to 1334 points and the Nasdaq 100 advance of 0.47 % at 3817 points.

In the U.S., retail sales rose 0.3% in January, the lowest increase in seven months. Another indicator is bad news, import prices have increased more than expected (+1.5%) in January, because of the strength of oil prices. Inflation stood at 5.3% annual rate (against 4.4% in December).These figures have reinforced concerns that appear in recent weeks on the market caused by soaring prices of many commodities.

On the foreign exchange market, the euro gained ground against dollar on Wednesday bending under the weight of disappointing U.S. figures published yesterday. About 11:00 am in Paris, the euro bought 1.3545 dollars against 1.3488 dollars late Tuesday.

On the macroeconomic front, the news is particularly busy on Wednesday.Included were published before the opening gong, industrial production in the United States has declined (-0.1%) unexpectedly in January, driven by a decline in energy production, according to figures released Wednesday by the U.S. central bank (Fed) increased the number of housing starts rose more than expected in January, reaching their highest level in four months in seasonally adjusted data 596 000 (+14.6%), against 520,000 the previous month according to the Commerce Department, and the producer prices have increased (+0.8%) more than expected in January, according to figures released Wednesday by the Labor Department in Washington.

The weekly inventory of crude oil will fall to 16.30 and the minutes of the last meeting of the Monetary Policy Committee of the U.S. central bank to 20.30.

Sanofi wins Genzyme

The side of values, Sanofi-Aventis has finally agreed to pay $ 20.1 billion (14.8 billion euros) to acquire Genzyme (1.55% to 75.45 dollars), plus an amount an additional price tied to the success of drugs in American society of biotechnology. After more than seven months of negotiations, the French pharmaceutical group will pay $ 74 in cash per share Genzyme, 1.2 billion more than its original offer. The agreement, unanimously approved by boards of directors of both companies has been concluded with the introduction of a certificate of conditional value (CCV), particularly related to the performance of Lemtrada, Genzyme's experimental treatment in multiple sclerosis sclerosis no faxing payday loan.The value of CVC could reach a maximum of $ 14 if sales of Lemtrada totaled $ 2.8 billion by 2020, had said Wednesday the two companies in a joint statement.

The number two U.S. computer, Dell (6.76% and 14.85 dollars), after-hours trading on Tuesday a net profit almost doubled in 2010 thanks to higher sales and margins, and said that it expected continued strong momentum in sales this year. Over the whole of last year, net income jumped 84% to $ 2.6 billion.Revenues reached $ 61.5 billion, up 16%.

For his part, Analog Devices (-0.66% to 40.73 dollars) recorded in the first quarter of 2010/2011 a profit of 222.1 million dollars or 0.66 dollars per share, against $ 0.65 expected for a turnover of 729 million, in line with analysts' forecasts.For the current quarter, the company aims adjusted EPS in the range 0.65 to $ 0.69.

Also after the close, Air Products (4.37% to 94.16 dollars) announced it would abandon its takeover offer for Airgas following the decision by a Delaware court to maintain the anti-takeover of "Airgas.

Nelson Peltz submitted an offer to buy the company Family Dollar Stores (24.88% to 54.90 dollars) to 7.6 billion, or about 55 to 60 dollars per share.

Moody's raised its outlook for NYSE Euronext (-2.07% to 37.33 dollars), following the merger with Deutsche Börse. The rating agency adopts outlook "positive" cons "stable" before. If the merger is approved, the agency expects a surge in the first note of the future operator of the planet.

United Airlines decided to ground its fleet of Boeing 757, for an unannounced inspection.The U.S. company must perform safety checks on some of the onboard computers. They had to be changed by order of the Board in 2004 and must be re-inspected.

Note also, Madoff, who is serving a sentence of 150 years in prison told the New York Times that a number of banks and investment funds were "necessarily aware" of his fraud. Arrested in late 2008, Dr. Madoff was convicted in June 2009 for organizing a massive Ponzi scheme in which its around 16,000 victims have lost a total of several tens of billions of dollars they had entrusted him. Irving Picard, the attorney appointed to represent the victims of Mr.Madoff, filed a complaint on December 2 against the U.S. bank JPMorgan (1.58% to 47.56 dollars), accusing him of being "fully complicit" of fraud by the former rising star on Wall Street choosing "knowingly", like other financial institutions "look away".

Ports: Bernard Thibault accused the government

This is the first time he speaks in the press since the announcement, denied, he left the CGT. In an interview published Monday in L'Humanite, the secretary general of the CGT said that "the government bears full responsibility" of the conflict that disrupts past several months the French ports.

For the fourth straight weekend, in fact, the dockers and crane crane operators were expected to strike alternately between Friday and Monday. At the center of the standoff between the CGT ports and docks and the government, taking into account the hardship. "There were negotiations between employers and unions to organize and fund early retirement. The government had agreed, "said Bernard Thibault in the daily newspaper. However, after the redesign of November, the government explains that "it is no longer question the grounds of the application of the law on pensions."Bernard Thibault, who spoke after the national confederal committee of the CGT, the "parliament" of the central Montreuil, also finds that for the government to "accept the recognition of the harshness in the ports would be a bad example for the other branches Online payday loans. "

The conflict in ports is born of the government's willingness to review, after the vote on pension reform in November, the tentative agreement a month earlier between the two sides on the recognition of the hardship for some trades port. This conflict would have cost 800 million euros to companies, recently told Le Figaro.

Questioned on the subject Sunday, the secretary general of the CFDT Francois Chereque, regretted the union system "not very democratic" in French ports."Since the liberation, we are in a single trade union, where it is the unions that are hiring, including the CGT," he said, lamenting the absence of the CFDT from Dockers. In the present conflict and as his counterpart of the CGT, Francois Chereque denounced "dysfunction" of the State which is income on a "promise" the previous government.

(With AFP)

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Wall Street should begin on a note of optimism

The year 2010 has ended in optimism on Wall Street. Over the whole year the Dow has gained 11%, the S & P 500, 13% and the Nasdaq Composite, 17%. Friday, after a little busy meeting, Wall Street has found this wonderful year on a stable tone. The Dow Jones gained 0.07% to 11,577.51 points, however, the S & P 500 lost 0.02% to 1257.64 points and the Nasdaq fell 0.38% to 2652.87 points.

The ISM program

On Monday, U.S. stock markets, should continue their march forward. Futures on Standard & Poor's 500 advanced in effect from 0.53% to 1261.20 points and those on the Nasdaq 100 climbed 0.45% to 2234.50 points.

Over the last week of 2010, Wall Street was supported by a series of macroeconomic indicators of good quality, suggesting an acceleration of consumption and economic growth in the United States.

The year 2011 will begin on hubcaps, with a new salvo of indicators due this week could test the optimism of the end of 2010.

The dance of these publications will begin today with the ISM manufacturing index for December 2010. Investors will also monitor this Monday in the U.S., sales of construction spending for November.

Also on this week, figures for industrial orders for November will be released Tuesday, and the next day, the ISM index on the services sector will be announced. The latter is more representative of the health of the U.S. economy as the ISM's manufacturing sector alone published Monday.

Thursday investors will learn the traditional figures of weekly claims for unemployment compensation.Friday, dropping the first estimate of net job creation in December by the Department of Labor and the unemployment rate, calculated from a survey of the workforce.

On the foreign exchange market, the euro was down against the dollar on Monday due to uncertainties still the public finances of most vulnerable countries in the euro zone as Portugal and Spain. Around 11:00 am in Paris, the euro was trading 1.3303 dollars against 1.3381 dollars on Friday night.

Facebook valued at $ 50 billion

The side of values, the investment bank Goldman Sachs has invested in community site Facebook on the basis of a valuation of $ 50 billion, said on Monday the New York Times.The value of Facebook, so far estimated at $ 42 billion, would be higher than that of groups established for much longer, like eBay, Yahoo! and Time Warner, says the newspaper, quoting sources involved in the transaction. Goldman Sachs and an anonymous Russian investor have made some 500 million dollars to the site founded by Mark Zuckerberg. The personal wealth of the latter would end up this way doubled.

The Financial Times for his part said that the microblogging site Twitter has declined in 2008 to a takeover bid of $ 500 million social networking site Facebook.

Difficult start to the year for Apple. Some iPhone users have started 2011 with a failure alarm, the alarm function of the smartphone has been a computer problem with the change of year.According to the BBC, this anomaly has involved occasional alarms iPhone 4 and previous models of the Apple smartphone with the latest software updates. The British newspaper Daily Mail reports that thousands of people arrived late for work or missed trains or planes because of this problem. The alarm function of the iPhone had already experienced difficulties during the transition to winter time.

Google dream of a new digital kiosk

For its part, Google would work on a new digital kiosk designed for mobile devices running its Android operating system, hoping to seduce the newspapers by offering better terms than Apple, said Sunday the Wall Street Journal. Several media groups, including Time (Time Warner), Conde Nast and Hearst have already been approached by Google for this project, according to the Wall Street Journal.Furthermore, Lagardere said Friday evening is in exclusive talks until January 30, 2011 with Hearst on the sale of its flagship news magazine world.

Always on the side of values, the world's number one smart card Gemalto announced Monday it had completed the sale of its payment terminals in VeriFone U.S., the major competitor of French Ingenico. The amount of the transaction, which occurred Dec. 31, is not specified in the statement issued by Gemalto."VeriFone is a leading global payment solutions for merchants and banks side traders, and we, we are champions of payment solutions for consumers and banks that issue credit cards," says Gemalto.

For his part, Saint-Gobain announced Monday the completion of the sale of its "Advanced Ceramics" at CoorsTek U.S. group for $ 245 million, or about 200 million euros.

Also note, four insurers, including Swiss Zurich Financial Services (ZFS), will pay a total of $ 120 million (90.3 million) to settle a dispute with the State of New York concerning overpayments insurance premiums, officials said Monday.

The war of currencies explained on an air of rap

The war of currencies is not a Chinese puzzle only for G20 countries. It probably is more to public opinion, which does not always understand why the Chinese and Americans are in conflict. The company Next Media Animation has perhaps found a solution. Specializing in video lagged news, this company of over 3600 employees created by the "serial entrepreneur" Lai Chee Ying (Jimmy Lai or English) and based in Hong Kong, just to make a video where one see President Barack Obama and his Chinese counterpart, Hu Jintao, compete on an air of rap.

"Without Bretton Woods, you'd be in the same situation that Argentina"

In the video, Obama tells Jintao that he must stop manipulating its currency. An undervalued yuan raises the price of American products. For his part, recalls Jintao's successor George W.Bush that he is "responsible for the recession." "Do not ask us to make concessions no fax payday loans. You're in no position to consider myself a fisherman. Without Bretton Woods, you'd be in the same situation as Argentina, "he quips at Obama, we see drink the cup because of the waves of U.S. deficits.

As a chorus, two singers trying to bring them to reason: China and U.S. need each other. The first purchases of treasury bills of the second, which buys its products. And indeed it works: Hu Jintao and Barack Obama end up joining the two singers on the track.Not sure that the two presidents will begin the dance steps at the time to meet in Washington next January …

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