Last year the mutual had filed an interlocutory order that the sign continues to broadcast its offer, but had been unsuccessful. This time, the MFA has assigned Carrefour before the Tribunal de Grande Instance of Evry for "unfair trade practices. 'We want to try the case on its merits. Beyond the financial loss, there is especially harm the image, justifies Edgar Mathias, president of the MFA."We hope the court understands that one can not, for insurance and child, treat things lightly," he says.

Between 10 and 30 euros

The mutual claims 350,000 euros in damages. An amount calculated on the basis of figures provided by Carrefour at the interlocutory hearing in 2009, then assuming the distributor on the underwriting of insurance 20000-25000 school. Friday, Carrefour said "regretted" the action of justice waged by the MFA. With its free offer, the distributor intends to "meet the expectations of its customers. In today's economy, purchasing power is at the heart of the concerns of families, "says one at Carrefour.

However, since ten years, traditional insurers, banks and stores of the retail market also interested in the school insurance.Their interest is simple: to win new customers to offer them then other products. In this highly competitive environment, the MFA loses many policyholders. After counting up to 7 million members in the 1970s, the insurer only has 3.3. However, the MFA is the only MMA can distribute its products in the public schools (about 10 million children) through agreements decades ago with federations of parents. What some see as a "privilege" is "between 15 and 20% of members of the MFA," according to its chairman.

The strong competition between different actors of good for parents. The school insurance prices should remain stable this year (between 10 and 30 euros per year on average).This should encourage them to subscribe to this optional activities taking place within the school. But that is required for extracurricular activities offered by schools (out, discovery classes …).

After rejecting the offer Monday, Genzyme said, however open to negotiations which should, according to Henri Termeer, lasting several months. According to the latter, there is a "high probability" that an agreement was finally reached with Sanofi, given the "strategic needs" of the two groups. But this would require "a reasonable starting point for negotiations."

Sources familiar with the matter have said previously that Genzyme wanted to receive an offer of at least $ 75 per share before committing serious discussions.

The boss of Genzyme said it was too early to say if another candidate could submit a bid. For the moment, neither the company nor its banks have begun efforts to find potential buyers. "Once the process begins with Sanofi, this could change."

Sanofi Aventis remains firm on its position

In response to these remarks, a spokesman for Sanofi-Aventis said in the evening that the group was willing to engage in discussions while maintaining its original proposal. "We are always willing to engage at any time in constructive discussions with the company and its board of directors.

"We believe that our offer provides shareholders a premium of Genzyme strong and attractive that fully integrates the upside potential of the company," added the spokesman.

Sanofi has hinted he could go directly to shareholders if the company Genzyme refused to enter into negotiations on the basis of its current offering. Heni Termeer scans the threat: "I think a hostile situation is unlikely to happen," he said. "We need so much from each other in terms of future value. This could go in that direction but I would recommend to object if I was advising the other party because it is not how things should be done, "said he.

ALSO READ:

"Sanofi and Genzyme: a showdown on the offer price

"Sanofi would go up to $ 80 for Genzyme

Deezer hopes to increase its subscriber base – from 25,000 today to 200,000 by the end of the year and one million a year – and expand its sales – 6 million euros in 2009 20 million euros in 2010. Orange, meanwhile, has "to differentiate the active target urban youth and families with teenagers.Indeed, if access to Deezer Premium is included in the packages Origami and a triple play offer at 29.90 euros per month it costs 5 euros extra per month for other packages No fax payday advances.

It remains for both partners, who unveiled their alliance in late July, to sign the agreement validates the rise of Orange in the capital of Deezer. The French operator will take 11% share in the listening site, which provides not need to raise new funds to launch its international deployment in the fall.

This partnership is strategic to guarantee a peaceful future to Deezer.This yields a significant boost to the development of its subscriber base pay, additional income for determining advertising revenue generated on the paid site, which must repay the rights to record labels and copyright societies to exploit the 7 million shares offered to its users.

ALSO READ:

"Music: Orange launches Deezer

Nearly two years after the fall of Lehman Brothers and plunging into the worst recession the country since the Great Depression, while the U.S. continues to languish with a persistent unemployment rate to 9.5%, the financial heart of New York recovers to beat him.

It has hired 2,000 people since February. A modest number apparently under the rescue plan 700 billion implemented by the government to save the banks, and 28,000 jobs lost on Wall Street since its peak in 2008 when the industry employed 189 000.

If the sector has hit bottom in terms of job five months ago, hiring is divided since.The pace continues to accelerate, and this recovery is even stronger than the one after the stock market crisis of 2001-2003, according to the New York daily.

This improvement reflects the revival of the New York Stock Exchange, which has made 61.4 billion dollars in profits in 2009, a record high. Deutsche Bank has hired 414 people in New York since the beginning of the year, Credit Suisse hired 600 people in the first quarter worldwide, mostly in New York, Goldman Sachs has created 600 jobs in the first quarter in a global the beginning of the year 2000 and JP Morgan.

Return of the lavish bonuses

At the same time, the copious bonus reappear instant credit report. Despite the recent passage of financial reform, Wall Street returned to "business as usual".Richard Stein, president of Sage Global headhunter, says that a dozen golden boys were offered jobs to more than one million dollars annually.

As jobs continue to disappear or progress to sentences in other sectors such as construction (- 22% since June 2008) or manufacturing (- 14%), the reputation of Wall Street is not close to s' improve nationally.

The recovery of the financial New York nevertheless raises some optimism among economists. When Wall Street goes, America goes well. "Wall Street traditionally hired for a takeover, and it was felt that the economy has hit bottom and it is slowly improving," says Rae Rosen cautiously, an economist at the Federal Reserve of New York .

The health of Wall Street is also great news for the city and the state of New York.20% of tax revenues from the state sector, which contributes 12% of the budget of the city. With wages assumed to average 392,000 dollars a year, against 64,000 for the rest of the workforce in New York, the wealth generated on Wall Street will finance a bloated public sector, with hundreds of thousands of employees in administration of the city, in education and in firefighters …

"There was no cancellation in the legal sense. These are the tenders that have been canceled. Today, nobody can say 'I lost the case, because no one had been chosen "slice Lars Bernard, vice president of Synhorcat, a leading professional trade."So there is no impact because in this profession, we do not prepare anything in advance. A caterer is not Picard, irritated the union representative.

Same story on the side of the Elysee usual caterers. "We were still at the stage of tendering. We filed our application and we expect the answer. We have therefore incurred no expenses, "said Francois Raynier, owner of upscale catering Raynier Marchetti, who denies the passage strengthened its team of 150 people in anticipation of the Garden Party. "150 is our average size," says he.

"From homemade

The prefecture also announced that the cancellations last minute should incur any costs because the buffets are mostly prepared in-house. "We use the kitchen of the prefecture," says one in Rennes.In the Sarthe, everything is "homemade" due to "credit limit". The few jurisdictions involving caterers explain – as is the case in Mayenne – they were still "at the stage estimates.

In the Alpes-Maritimes, the services of the prefecture are in this case state spending "very minimal" to "a few hundred euros": "We're pooling with the city of Nice and the General Council of Alpes-Maritimes limit spending from outside caterers, "says a spokeswoman.

Flexibility

Even if there had been a contract between two parties, there is no fixed schedule for repayment in the profession, making negotiations on a case by case basis between the provider and client. "It's the law of business but we always find common ground," says Bernard Bras.In case of cancellation, the situation remains manageable, "he assures," It is a profession without visibility. Sometimes some customers confirm the case only 3-4 days before the big day We are accustomed to this kind of situation. "

At the forefront of the controversy, the food critics temper this speech. According to them, traders are well advised not to claim compensation for the expected win lucrative contracts in the future. "It's flattering to prepare the buffet or the Elysee Matignon is a commercial asset, an honor, a good card," says Claude Lebey, editor and author of restaurant guides.

Rebound

The representative of Synhorcat still regrets the loss of activity represented by these cancellations. "We are talking thousands of hours of work.For the Elysee, the decision could also have been taken earlier this year when the budget is fixed ….

For the future, the profession remains optimistic. The idea of a snowball effect of cancellations is scanned. "On the corporate side, which represent nearly 80% of our business, we see a rather significant recovery from last year," says Lars Bernard. "These are not exceptional receptions for when the box is bad, do not 'do too much peter cap'. But when there is a quick turnaround, we must celebrate. This is happening today. " The other big market traders – that of individuals – is also on the mend: "over time, we notice that people continue to celebrate events," notes vice president of Synhorcat. The public sector, the smallest of openings, should be the one to be hit hard.

"End 2008-2009, business has plummeted because of last minute cancellations of contracts. In the worst of the crisis, some professionals have lost 40% activity. 2010 is therefore a year of healing. Regarding cancellations, we are entitled to think that this will not be like that all year, "concludes Lars Bernard.

ALSO READ:

With the 5000 guests at the garden party Elysian

Yet, the euro had reason to be heckled. The excuse to sell the currency did not in fact missed this week. Even the degradation of the notes by Moody's on Debt Greek Monday, then on the banks of the country, there is nothing. Not more than bad German Zew index. "This renewed appetite for risk has increased since last Thursday following the reassurances of Jean-Claude Trichet, ECB president, analysts said Saxo Bank.The European Central Bank expects growth in the euro zone between 0.7% and 1.3%, against 0.4% and 1.2% previously. The central bank left rates unchanged, while the acceleration of inflation in the euro area was confirmed at 1.6% in May on a year on Wednesday by Eurostat.

So why the euro has appreciated it as much? "The reason is mainly technical: the euro has fallen too quickly in recent weeks, he was catching his breath," says Pierre-Antoine Dusoulier, CEO of Saxo Bank. Other mechanical reason: the falling dollar, which causes the exchange rate euro / dollar rising. However, the dollar has folded. "Historically, there has always been an inverse relationship between the U.S. equity market and the greenback," said the official. Witness the decline of the dollar against the yen, for example.

This trend "is likely to continue at 72 hours – Friday, June 18 – four witches," that famous day will end simultaneously four different products: stock options, index options, futures and stock futures index. Investors still expect that day to extreme volatility. Hence the distrust of investors, which is directly affected by the gold price, rising again, about 1235 dollars an ounce.

But basically, the trend remains bearish, especially as the economic landscape has not changed.

The British currency toped

The pound was a little cup on Wednesday morning, but the trend was clearly upward this past week. The pound was quoted 1.4821 to the dollar early this morning.Either its levels of early May.

The origin of the slowdown, the publication of unemployment figures in Britain. The rate according to ILO (International Labour Office) is lowered to 7.9% in the three months ended in April, against 8% for the three months ended in March, while economists expected a steady rate.

The index of consumer prices in May stood at 3.4% annual rate, down compared to April (3.7%), seems to confirm the inflation targets in Great Britain the BoE (Bank of England), less than 2% by early 2011, provided that the austerity policies of the new government does not impose a further increase in VAT, according to analysts.

Switzerland should remain at a rate of 0.25%

The meeting tomorrow Thursday the Swiss National Bank – Central Bank – should not bring surprises. This should keep its benchmark rate to 0.25%."The SNB could still announce some measures to address liquidity drying up against a risk of inflation induced by its interventions to support the euro, these interventions flooding the market with CHF," says Realtime Forex.

The Swiss franc reached record on record since the end of 2009. Then he had another 1.5 Swiss francs per euro in December, the exchange rate reached 1.3920 désoramis, with a low 1.38 in early June

Advertisements in China and Russia

In Russia, the Central Bank announced its intention to diversify its reserves by including the Australian dollar and Canadian dollar.

Regarding China, the Middle Kingdom has signed contracts for a thirteen billion euros of Greek companies, when Athens strives to attract foreign capital. Turkey and Arab countries have also seen in Greece.

Obama wants to "kick some butt"

The boss of BP is found in a weak position, particularly after the resounding declarations of Barack Obama. Asked by NBC, Bush pointed the finger at Tony Hayward about awkward. "It would not work for me after these statements," said Bush.We talk with these guys because they are potentially more able to tell me who to kick your ass.

Tony Hayward was heavily criticized after saying a week ago wanted to "get his life before" and the Gulf of Mexico was "a great ocean where the environmental impact of the disaster is very, very modest." Words that had caused such an outcry from the families of 11 victims who died in the explosion and for which he apologized on Facebook. 81% of Americans felt negatively the reaction of BP.

Obama worse than Bush

The position of Barack Obama is not the most comfortable vis-à-vis the American people cheap payday advance. A poll ABC News / Washington Post, 69% of respondents have a poor opinion of the management of the crisis the Obama administration.By comparison, 60% of Americans disapproved of the action of George Bush response to Hurricane Katrina in 2005.

Tony Hayward, who will be the only witness to a hearing entitled "The role of BP in the explosion of the drilling rig Deepwater Horizon and the oil spill, to answer questions from elected members of the Subcommittee on Oversight and Investigations of the House of Representatives.

Two months after the explosion

The hearing will take place almost two months after the explosion on April 20 of the platform which has killed 11 people and caused a huge oil spill in the Gulf of Mexico, affecting the fauna and flora in several states in the southern U.S. coast U.S. including Louisiana.

The head of BP America, Lamar McKay, had already been questioned by several committees of both houses of Congress in May.

ALSO READ:

"Oil slick: BP has spent $ 1.25 billion

"Oil slick: the funnel posed by BP seems to work

"Oil slick: Barack Obama puts more pressure on BP

"BP: the cost of the spill was" impossible to predict "

Angela Merkel defended Tuesday stiffening. "The euro area can only work if we adopt a culture of stability, which means solid finances. (…) For Germany this culture of stability and strength is not negotiable, "Merkel said in an interview given to farm rather several European newspapers.

The sixteen finance ministers of the Eurogroup, and twenty-seven of the EU had the premiere at a double appointment in Brussels.Combative despite a weakened health, the German finance minister, Wolfgang Schauble, surprised his colleagues by questioning the principles they believed acquired for more than a week. Only the Belgian Minister Didier Reynders, ventured to publicly criticize the incoherence of speech come from Berlin.

Debate Lagarde Schauble

Jean-Claude Juncker, the Eurogroup chairman, acknowledged Tuesday that it had to mobilize "patience" during the debate behind closed doors, among others to intercede in the middle of the night between Wolfgang Schauble and Christine Lagarde. Ultimately, the Sixteen were separated without text or definitive agreement on the implementation of the 750 billion the new "European Stability Facility (ESF).Appointment was made on Friday in Brussels, officially in order to tie 'details practices and legal issues " payday loan lenders.

It is still the control exercised by the Federal Parliament is the heart of the debate. At the launch of the ESF, nine days ago, Germany's partners – including France – have understood that the Bundestag would have something to say once, to vote en bloc from the German plan for stabilizing euro. To the astonishment of his colleagues, Wolfgang Schauble has just announced that German MPs intend to vote each time a country in trouble will come from ticket sales, or for each disbursement."The game is not over," says a German source.

In practice, Berlin wants to have a veto at every stage of the process and content of any austerity plan submitted by a country strangled by debt. In the letter, Germany does not come back on his word. The ESF is European in name only, it is in fact an intergovernmental body to sixteen, with a headquarters in Luxembourg and a board of directors. By law, each country is free to make decisions according to the political career of his choice. "For Germany, this procedure should be a German," the source added.

Other European shares also follow. In London, the FTSE-100 index opened down 0.18% to 5767.18 points. The DAX index of the Frankfurt Stock Exchange starts, he, sitting down 0.23% to 6236.28 points.

Without major indicators Monday, the markets were moving without motion but with optimism, encouraged by the European rescue plan to Greece.In the U.S., Wall Street ended the balance after the announcement of a budget deficit of 65.4 billion dollars in March, above expectations of analysts.

On Tuesday, several key statistics, however, could lead the French markets. INSEE announced that consumer prices rose 0.5% in March compared to February, an increase of 1.6% over one year.Note that in Germany, inflation was confirmed at 1.1% annual rate in March over a year.

The current account deficit of the Hexagon totaled 3.6 billion euros in February after 4 billion the previous month (-3.4 billion in the first estimate), according to the Bank of France fast payday loan.

Overseas, prices for imports and exports are expected to 14:30, at the same time as the trade balance figures.

Furthermore, after Alcoa, Intel continues a series of quarterly publications by revealing the figures in its first quarter after market close on Wall Street.

Values follow

Lagardere (+0.13% to 31.55 points) will be monitored throughout the session. The market reaction is expected after the support of governance expert at RiskMetrics Group Franco-American investor Guy Wyser-Pratte.This support should assure him of collecting a large share of the votes of investors at the meeting of the group, April 27.

The "clash" between Areva (stable at EUR 398.8) and EDF (-0.63% to 41.56 euros) continues on nuclear. Reportedly, the two companies would be unable to agree on a contract extension on Eurodif uranium enrichment. A deal with Areva for 500 million.

Arcelor Mittal (-0.87% at 33.06 euros) should respond to the publication of results of aluminum giant Alcoa. The U.S. announced after the close of Wall Street yesterday, a net loss of 201 million dollars in the first quarter of fiscal 2010. A number two and a half times less than a year ago. The stock ended the session up 1.25%.

The president of the National Insurance retirement professionals have been accused of threatening the financial stability of pension professionals. The CGT denounced examples of undocumented workers forced to adopt the status of self-contractor.

Building professionals and artisans in turn accused them of practicing unfair competition. "The autoentrepreneurs who make no sales for a year and no declaration shall lose their status.The others must be forced to create a company after the second year, "Patrick said Thursday Li?bus, president of the Confederation of Crafts and Small Business Building (Capeb). He welcomed the approach of Senator Jean Arthuis (Centrist Union), chairman of the Senate Finance Committee, author of an amendment to regulate the status of self-contractor.This text was discussed Thursday in the Senate proposed under the consideration of the bill on the sole proprietor limited liability already voted by the deputies.

Can change status

Herv? Novelli, Secretary of State for Trade, Crafts and SMEs, has vigorously fought the amendment, which requires self-contractors to make a "statement of work" regardless of the amount of turnover and wants to "limit to three years the benefit of this scheme for the micro-specific self-contractors who work primarily.

Determined to "put an end once and for all the untruths," it quoted a study of the Order of Accountants demonstrating that self-pay business expenses that substantially all of the other individual entrepreneurs.A trader on the internet that makes 69 000 euros annual turnover of EUR 8 966 payroll taxes if it adopts the status of self-contractor and 9 010 euros if he selects the micro-enterprise. "If there is competition, it is simply a competition simplicity. If there is a battle to be fought, it is that the extension of the simple system of self-contractor to the 1.5 million individual entrepreneurs, "he said.

Fran?ois Hurel, President of the Union of self-entrepreneurs, and Maria Nowak, President of Adie, support it. They have launched a petition against the amendment championed by Jean Arthuis. "Do not complicate a reform which shows that it works because it is simple, says Fran?ois Hurel. Do not create doubt.We must instead accompany self-entrepreneurs to enable them to change their status or plan if they wish. "

ALSO READ:

The Senate wants to limit the autoentrepreneuriat 3 years

"The building is angry against the autoentrepreneurs

"INTERVIEW -" Self-entrepreneurs distort competition "