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Le Parisien 30 million invested in its recovery

Saturday, July 9th, 2011

Philip Carli, who arrived in October 2010 within the Amaury group, wants to make Paris Aujourd'hui en France "a reference to the national daily press and local cross-media in France."

LE FIGARO. – What is the content of the proposed stimulus package you presented yesterday to the employees of "Parisien in France today?"

Philippe CARLI. – We have decided to invest 30 million euros to develop and diversify our offer. This choice results from the observation that 80% of our revenues come from sales to the number. We must therefore meet the expectations of our readers. The objective is to increase our revenues of 100 million euros on the brand Le Parisien in France today. To retain and expand our audience, we plan to invest ten million euros, with, among others, the creation of a weekly magazine offers.Coupled with the daily on weekends, it will include in the second half of 2012, a news and lifestyle magazine picture of a hundred pages. In a second step could be added a weekly edition of our monthly enriched La Parisienne.

And for everyday?

Besides the fact that the model will be upgraded with a passage of 64 full color pages, we wish to reaffirm our commitment to strengthening our close nine departmental editions (eight departments of the Ile-de-France and the Oise), representing 49% of our sales. We plan to increase their editorial pagination of 50% and increase local resources, including rich media. Finally, to be closer to the cities and communities, we want to enter into agreements with associations, clubs and municipalities.A manager of the communities would be created for each edition.

You also mentioned before the diversification of employees …

Indeed we expect to invest 20 million euros in acquisitions of companies specializing in electronic transactions, including trade between individuals, group purchasing, or even the classifieds. We are also interested in human services.

The envelope of 30 million euros, also includes capital expenditure?

The journal's editorial changes will be accompanied by a modernization of two of our printing presses Saint-Ouen, where we have modernized our mailroom at a cost of 3 million euros. In addition, we invest in our management tools related to our subscribers, our readers and clients low interest rate personal loans.30 to 35 million French people each month are in contact with one of the hallmarks of our group (Le Parisien in France today, the team, Amaury Sport Organisation). It's time to capitalize on these contacts by imagining new offers for our subscribers. I am convinced that this is a very strong leverage income.

Where are you in the digital convergence of your editors?

If there is one place where it is well advanced, it is in our county editions, where journalists play the game But there is still room for improvement, including better integration of information flow and anticipate events . In terms of organization of the group Le Parisien, five major areas should be established, bringing together existing services around cross-cutting issues – news, entertainment and sports – and two that would be created – investigation and image.The realization of any newspaper should be linked to art direction and a cross-media desk would also be created to handle all information and redirect them to different media.

This major reorganization will she downsizing?

It should actually result in the removal of items from 40 to 50 of the 600 employees that has Le Parisien. But I said that my desire is to avoid forced departures. We want to set up a voluntary redundancy plan the details of which will be discussed with the social partners in September.

What functions are involved?

Mainly managerial functions, simplifying the hierarchical organization, and positions related to the achievement of the newspaper.The creation of new centers, in particular survey and image, is expected to provide opportunities in writing to some of those involved. Scribblers writing should not, however, be affected.

On the branch Amaury Sport Organisation (ASO), what are your plans?

We will continue its internationalization. Several opportunities are being explored. We will support the development of ASO in South America, including Brazil, where we opened a subsidiary in late 2010. But also in Spain, where we took a significant stake in the Vuelta, the Tour of Spain. We also plan to organize events around the bike in Qatar and Oman. Discussions are also underway for events in China.

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The largest banks will boost their capital

Saturday, June 25th, 2011

International financial authorities are preparing to endorse the creation of a "club" of the world's largest banks. Thirty institutions will thus be subject to particularly stringent constraints so that they are even better than the rest of the sector, protected in a crisis.

The most technical work in progress is expected to close today by the Basel Committee, the headquarters of the Bank for International Settlements. Saturday, it is the central bank governors and other officials of banking supervision that could endorse their conclusions.

Engaged for over a year, negotiations to define a particular treatment for qualified financial institutions of systemic, those whose health has an impact on the entire industry.Three criteria will preside mainly the selection of "systemically important banks," according to the word Basel: size, interconnection with the international financial system and the complexity of their activities.

According to indiscretions that have filtered in recent weeks on the work of the committee, regulators should develop up to five categories of systemic banks. Membership in a particular category of capital will determine the mattress, each of which will be able to prevail.

Under the general rules already written (called "Basel 3"), lambda banks will be subject to a minimum level of capital fixed at 7% of their commitments. For larger systemic banks, an additional 2.5 or 3 points would be imposed. For the category from below, it would be 2 to 2.5 points, etc..Behind these ratios abstruse, it is tens of billions of euros and dollars are at stake

Who will be affected? Financial analysts make their Paris, and generally agree to rank high on their "track record" the British HSBC, RBS and Barclays, the U.S. Citigroup, JPMorgan Chase and Bank of America and Deutsche Bank. In France, BNP Paribas is sure to be in the higher category. The case of Societe Generale and Credit Agricole are less clear, such as those of UBS or Goldman Sachs … Dozens of smaller banks in the world will finally be described as systemic without having to inflate their own funds and they will only be subject to close monitoring.

Moderate growth

For the handful of banks that held the upper hand, the financial effort – theoretically spread until 2019 – will be considerable.The aim is both to make them safer, but also to discourage everyone to grow again. Moreover, to encourage larger growth to moderate, an empty category of participant, but subject to even greater stress will be created.

Although the principle of these categories seems systemic stopped, the debate continues to rage. Critics of the rule point out that the creation of a banking elite is dangerous: the institutions that will be considered as protected members of the risk of failure by the authorities themselves. And the banks may feel free to take greater risks.

Another point of controversy concerns the advisability of the boat still banks when the economy Flageole.In the United States and Europe, bankers but sometimes some of their regulators warn against measures to curb the strength of banks could stifle their ability to finance the economy. An episode recently shown the virulence of the debate at a conference, the respected head of the U.S. bank JPMorgan, Jamie Dimon, was himself arrested on this point the Federal Reserve chairman Ben Bernanke. A rare public skirmish in the world usually so subdued in the bank.

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Fillon encourages SME growth

Thursday, June 16th, 2011

Create new champions and allow SMEs to grow is one of the main thrusts of government policy. A few weeks ago, Nicolas Sarkozy explained before 2,000 SME leaders that his goal was "to strengthen their competitiveness and ability to exporation. The Head of State announced that the public bank Oséo enjoyed an additional one billion to allow companies to open their capital without losing their freedom of action. On Thursday, Prime Minister François Fillon unveiled a new series of measures to "grow" at the conference organized by the World SME employers' organization CGPME chaired by Jean-Francois Roubaud.

"We are now in the recovery phase, and this turning commands us to go on the offensive to solidify the growth.We know the tryptic winner: we must help our SMEs to find financing, focus on innovation and of course help to export, "said Francois Fillon.

5 billion of public money

The Prime Minister announced that the State, which played a key role during the crisis, would continue its efforts. The France Investissement is extended to 8 years from 2012, "with a public commitment of 5 billion euros over the period. This will allow an increase of 50% of the annual public investment. " This device, created in 2006 for a period of six years, combines public (Deposit and Consignment Office, the Strategic Investment Fund) and private actors (banks, insurance). He entered the capital of SMEs to strengthen their capital base need a personal loan with bad credit. Since its inception in 2006, 2 billion euros and injected public money has leveraged over $ 7 billion of private financing."France Investissement has been a success at a time when the crisis struck the capital investment, where insurers fell significantly their funding," noted Francois Fillon.

Caisse des Depots and many insurance companies will also launch a fund of 200 million euros by the end of the year that will invest in small and medium-sized companies employing between 250 and 5000 employees.

François Fillon has reassured businesses who fear that the credit becomes expensive and scarce funding because insurers and bankers will have to apply the new prudential rules, called Solvency II and Basel III. "I want to tell you that the State will be very careful that there is no withdrawal of private investors in financing the real economy, particularly in the financing of unlisted SMEs," assured the Prime Minister.For its part, the Banque de France set up a tracking stock of credits to companies with fewer than 10 employees.

Commenting on the controversial issue of the premium for employees of companies distributing dividends up, adopted by the Assembly on Wednesday night despite strong criticism CGPME, the MEDEF and unions, Francois Fillon said the state had taken "responsibilities" for lack of agreement between unions and employers.

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The CAC 40 expected a slight increase

Monday, June 13th, 2011

Slight increase expected on Monday in the Paris Bourse, in the wake of the Asian stock markets, including that of Tokyo, weighed down by disappointing statistics, and uncertainties about the evolution of the global economy. On Friday, the benchmark index in Paris ended its session already clearly in the red (-1.90%) and signed a sixth consecutive week of decline, erasing its gains since the beginning of the year. At 8:15 AM, futures contracts on the CAC 40 advanced 0.17%, to 3803 points.

Clearly, the objective of the meeting will be to keep the bar of 3800 points, narrowly saved this weekend dernière.Aucun major macroeconomic indicator is expected for Monday of Pentecost, which is also expected to take place in low volumes. In this day of solidarity in which the majority of employees stay home, exchanges should in fact been limited.Especially as the business side, no publication is awaited. Again, macroeconomic considerations should therefore guide the market for the first weekly session, including uncertainties about the Greek situation.

Side currency, the euro remained under 1.44 dollars on Monday morning after he experienced back Friday when he was the most sold since the beginning of the month because of disagreements between the various parties the solution to support the Grèce.Vers 8:00 in Paris, the European single currency was worth 1.4343 dollars against 1.4348 dollars on Friday night after coming close last Monday the threshold of $ 1.47 for the first time in a month .

Same side of the volatility of oil prices in a market torn between the prospects of increased production by Saudi Arabia and the maintenance of quotas decided by OPEC.In morning trading, a barrel of light sweet crude for July delivery lost 9 cents 99.20 dollars. That of Brent North Sea crude for delivery gained 13 cents to equal 118.91 dollars.

As for values to follow

Altran

Yves de Chaisemartin lost Friday the group's management, the Board of Directors of the technology consulting company has designated Philip Hall to replace him.

Air France – KLM

The airline's traffic in the Paris airports Roissy and Orly airports may be disrupted on Monday due to a strike notice filed by a union of mechanics on the ground, have we learned from the company.

LVMH

Sephora, the cosmetics distribution subsidiary of luxury group, said to have strengthened his hand in the round of Corsica in Russia, becoming the majority shareholder in nearly three years after joining the company's capital .

EDF

NPP Bugey in Ain, had to reduce its production by 10-15% in late May and early June due to increased water temperatures of the Rhone, an effect of the heat wave spring.

Eutelsat

San Marino RTV has selected two Eutelsat satellites to broadcast its programs through Italy and Europe as of June 13

EADS

Airbus chief says EADS, parent company of Airbus, would be protected against hostile takeover bids but, to this end, it was not essential that Germany be a shareholder in the group.

Carrefour

The management of the distribution group said Sunday, a day after a protest movement, have made a major effort for employees of Carrefour Market stores in terms of purchasing power.

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Almost 140,000 less unemployed in 2011

Saturday, May 21st, 2011

The crisis is confirmed a little more. The system of unemployment insurance (Unedic) has revised its forecast Friday for job creation and unemployment for 2011 and 2012. And the conclusion optimism grows. On the basis of assumptions "realistic and reasonable" GDP growth (+ 1.8% in 2011 and 1.7% in 2012, where the government plans + 2% and 2.25%) and payroll (+ 3.1% this year and +3.5% next year), Unedic provides an acceleration in job creation two years: 146,000 in 2011 and 168,400 in 2012, against 119,700 estimated in 2010.

This translates, of course, by an encouraging trend on the number of job seekers. Unedic estimated that the number of registered Class A employment center (the unemployed with no activity) will drop by 138,000 this year.But this decline will be largely offset by the continued rise in the number of jobseekers who had reduced activity (categories B and C) or are exempt from search: + 98 000 people. "The job was restarted by acting through short-term contracts," said Geoffroy Roux de Bezieux, Vice-President (MEDEF) of UNEDIC. There should be a reversal in 2012 with the creation of more full-time jobs. "Confirmation Bonnand Gaby, President (CFDT) of the institution:" The number of unemployed decreased activity continue to rise this year but decline in 2012. "In fact, next year, the decline in the number of unemployed in category A (- 92,000) will be amplified by the Class B and C and provided research (- 31,000). As the number of unemployed receiving benefits, it will drop by about 80,000 per year, the next two years, after rising 51,500 in 2010.Forecasts "in line with the data of the first month of the year," Vincent assured Destival, director of UNEDIC.

No drop in fee

These data will have a significant impact on the accounts. The cumulative deficit (8.5 billion euros at end 2010) will reach 10.5 billion at December 31, 2011 while he was withholding $ 14 billion a year ago. It will drop even late 2012 – albeit slightly, from 200 million – to around $ 10.3 billion. "This is the first since the crisis began that record a positive result, welcomed Geoffroy Roux de Bezieux. But he remained a heavy debt that will not even consider a reduction in contributions. "

Unedic also fired "key findings" of the 2008 crisis. The decline in employment of 500,000 jobs in two years, was lower than expected."She has twice been less pronounced than the value when the two had fallen back in the same proportions in 1992 and 1993," says the plan. "Companies have behaved more virtuous and long-term approach, and tried to keep their employees as long as possible through mechanisms of partial unemployment," said Geoffroy Roux de Bezieux justified.

Another observation: the resumption of job creation occurred earlier than expected, since early 2010. "This confirms the assumption that labor productivity per capita weakened by the crisis," Gaby Bonnand found. As a result, having decreased by 1% since early 2008 when she posted eight quarters after the recessions of 1992 and 2001, an increase of 1%.This was then translated violently in unemployment figures.

Saab divorce Hawt

Thursday, May 12th, 2011

It was an ideal solution to address the financial situation of Saab, whose factories are shut down since the beginning of April. Under the agreement signed in Beijing on May 3 last year, the Chinese carmaker Hawt should be made to the Swedish brand, owned by Dutch Spyker, the 150 million euros needed to boost its production and pay suppliers.

But the agreement was canceled Thursday Spyker said in a statement. "Since Hawt was unable to obtain necessary consents from its shareholders, both parties are obliged to cancel the agreement," said the document, noting that the two companies will lead discussions for possible cooperation "without being exclusive."

The spokesman for Saab Gunilla Gustavs, gave no details about the role of the report of the Embassy of Sweden, published on May 5 in the cancellation of the agreement between the Swedish brand and the Chinese producer. "Work continues to ensure funding in the short term and medium term," she said in comment on the decision of Spyker. "No deadline has been set for the discussions, but to reach an agreement remains our top priority easy payday loans."

Another Chinese group in the partnership

Hawt Motors automotive group was surprised by the decision of rupture. According to statements obtained by Xinhua, the marriage between Saab and Hawt was taken too Quickly.

But while Saab would not be lost. A partnership between the Swedish manufacturer, Hawt Beijing BAIC and the producer would be considered.According to a press Hawt, "it goes beyond a simple strategic partnership, promoting a common technology, which could further develop the production." For its part, Reuters says that the Chinese automaker Great Wall would still be interested in investing in Saab.

Following the cancellation of the agreement, analysts in the automotive sector, concerned about the future of the Saab brand. Tom Muller, an analyst Theodoor Glissen, announced that during the first three months of 2011, Spyker has spent nearly 70 million euros to keep the brand afloat. "The group lives on a daily basis, and not because he has no funds to meet future orders. It is already making money from its suppliers.

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A beaver dam obstructs an oil spill

Friday, May 6th, 2011

Unusual. A beaver dam to stem a large oil spill. The rupture of a pipeline company Plains Midstream Canada near a native village in the north of the Canadian province of Alberta has caused the discharge of the equivalent of nearly 28,000 barrels of oil. But the escape of fuel has been stopped in the race … a dam built by beavers!

Oil spilled on a strip of about 700 meters long and 30 meters wide but was isolated at about 300 meters of a watercourse. "It is true there is a beaver dam in this area and that it contained the spill at first," said Wednesday the Alberta Minister of Environment Rob Renner.

"Minimal impact on wildlife"

This rodent, particularly the Canadian beaver is known for making huts and dams on streams and rivers.Margaux Rat, research officer at FRAPNA (Fédération Rhône-Alpes de Protection de la Nature) stresses that the beavers' dam had to do in advance to maintain a water depth or a certain dynamic that hydrosystem it occupies. "

Helped by beavers, the Environment Minister was able to declare: "The situation is under control." However, the leak is found the largest since 36 years in the oil province of western Canada.

Finally, the accident has had a "minimal impact on wildlife," stated Rob Renner. The death of a dozen ducks and beaver is to be deplored.

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Fuel: a gesture of 115 million euros

Monday, April 11th, 2011

Producers, refiners and distributors of French petroleum fund to the tune of 115 million euros increase in tax deductions related to fuel costs, a "drain" on their profits that will benefit six million of taxpayers.

This measure implements the contribution of the sector with measures that would cushion the blow of soaring pump prices, which reignited the debate on fuel taxes and the state's capacity to curb the soaring costs of household energy, accounting for about 8% of their budget.

"This morning, the oil industry players have agreed to contribute to reducing the oil bill of the French," said Christine Lagarde, Minister of Economy, during a press conference at the end of a meeting with industrialists.Specifically, they will fund the cost of upgrading from 4.6% of the fee structure of fuels that employees and independent workers can elect to deduct from their taxable income. This measure is expected to reach five million workers, 500,000 people in professional and 500,000 merchants and craftsmen, "said Frédéric Lefebvre, Secretary of State for Trade.

"Aspiration"

The funding provided by the manufacturers take the form of a tax allowance for price increases passed in the 2010 accounts. It will weigh up to 60% on producers and refiners "in particular the Total group," said Christine Lagarde, and 40% on distributors, who declined an invitation to the meeting of Bercy."It's a real drain on the refining and marketing French," late Jean-Louis Schilansky, president of the French Union of Petroleum Industries (Ufip), explaining that rising crude oil mainly benefiting producers and not processors. "Crude prices are high, it's true, but on the refining and distribution, ie those who process, the situation is not good," he said.

The 115 million financed by the sector represents 1.1% of annual earnings released by the only group Total in February. The government also gave good marks to manufacturers on compliance with the regulation of pricing in gas stations. In 4008 retail outlets controlled only 37 minutes have been prepared, a violation rate of only 0.7%, says Bercy.

Christine Lagarde has again ruled out any change, even if only temporary, the regime of TIPP, the domestic tax on petroleum products, primary levy on fuel online payday loans. "This is a tax that is not based on the value but is based on the volumes. So the state today is not a kitty under the TIPP, "said the minister. "The solution TIPP is not a solution."

No checks for fuel

She also rejected the idea, advocated by some consumer groups for a "check fuel" on the principle of the meal ticket. "It was never discussed," she said. Before signing the agreement with oil companies has been criticized Monday by Jean-Claude Mailly, secretary general of the Workers Force union, which regretted the look "complicated" of his application."It means that it is a tax deduction on income, so must still pay tax on income. I recall that nearly 50% of households do not pay because they are below the threshold, "he said on RTL.

"It's still a bit of a side gas plant. The easiest thing is that it appears one way or another on the payroll, "he added.

A barrel of Brent oil trading at nearly 126 dollars on Monday, against less than $ 75 in late August and less than $ 40 in late 2008. This increase was driven among others by social and political tensions in the Middle East and the prospect of increased Japanese demand after the nuclear accident in Fukushima.Prices at the pump in France are relayed back to the highs set in 2008, the liter of diesel than EUR 1.36 and the super unleaded 98 1.54 euros.

Christine Lagarde, who reported only 0.7% of crimes with penalties of 4,000 inspections carried out by the Directorate General for Consumer, Competition and Repression of Fraud (DGCCRF), assured that the service stations in compliance regulations on the pricing of fuel and that "The evolution of margins in the sector has followed so exactly corollary increases or decreases (…) of commodity prices."She added that sanctions were taken against the offenders.

(With agencies)

The CAC 40 still sealed by oil

Friday, March 4th, 2011

Hesitant until then, the CAC 40 has finally opted for the bright red. The Paris index loose 1% to 4020.21 points. For the week, the CAC 40 dropping 1.23%. "We are the bottom of a bullish channel, said Djillali Hacid from XTB. There are good opportunities for entry, but also risks that we break this bar. Financial markets are waiting. " Waiting to know how the situation will evolve from Libya and what implications does it have on oil.

For now, it has deteriorated sharply and the CAC 40 rebounded to worry instant payday loan. So much so that he put aside the rise in job creation in the U.S. they had anticipated. "Financial markets have a habit of focusing on what they want, says one in XTB. As they had already anticipated the good U.S. indicators, they come back on bad news to know Libya and rising oil prices that results.Libya is no longer producing and oil prices are ready to go. "

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The mad surge of copper

Monday, February 7th, 2011

They are 12 apostles of finance. "Ring Dealers category 1. At the heart of the City, behind the classical façade of 56 Leadenhall Street, only these traders shock from renowned banks are allowed to occupy the red benches of the "Ring", the basket of the London Metal Exchange, the London Metal Exchange (LME). A hundred others standing, agitate, notebooks in hand, several phones in his ear, to receive the positions of investors and manufacturers, informing them of the price in real time.

Those of copper, aluminum, zinc, tin, lead or steel, that appear every night at tea time, serve as global references payday loans. Although futures and options also trade in New York and Shanghai, the LME is the world's largest market for non-ferrous base metals.The "Devil's Metal" was pushed against a backdrop of soaring oil prices to a record $ 10,000 a tonne last Thursday. Essential in the building and cabling, star of base metals was driven by emerging economies, especially China. It consumes 40% or 45 billion dollars per year.

The heart of the City fast-paced beats in the copper price, star of the London Metal Exchange. Traders will also officiate at the auction around the basket, called the Ring.

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