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Carrefour and its major shareholders still have progress to make to master the subtleties of samba. The merger of the Brazilian subsidiary of global distributor with the second casino, Grupo Pao de Acucar (GPA), is abandoned.

Scaffold for months in the back of its local partner Casino Abilio Diniz (President and owner of 21% of GPA), with the support of BNDES, the Brazilian equivalent of the Deposit, the project would have allowed Crossroads take control of all activities involving the two Brazilian groups. The company, known as Pao de Acucar Novo, would have made 30 billion euros in sales and held 32.3% of the local market, against 11.1% for the U.S. WalMart.

Las.The latter, entered the capital of the retailer in March 2007, when the action was worth 53 euros, have increased the project, or attempted to bounce the stock price, which dropped by half since: sale of Brazilian and Chinese subsidiaries , public offerings of real estate branch, split Dia. In vain.

Brazil lost the battle has also cast a cruel light on the performance of Carrefour in the country, its first growth opportunities ahead of China payday advance lender. Abilio Diniz revealed that the operating profitability of Carrefour Brazil was 1%, seven times less than that of GPA. Casino and pointed the loss of market share of hypermarkets in Brazil, for the benefit of supermarkets and convenience stores.If its chain of wholesale stores Atacadao is a success, Carrefour, local leader, sees its hypermarkets suffer against those of Extra, a subsidiary of ABM.

Overconfidence

After 550 million of provisions recorded by Carrefour last year as a result of accounting fraud at its Brazilian subsidiary, the latter saw his image tarnished again. The withdrawal of the BNDES also shows that Carrefour had underestimated the political power relations in Brazil, or too trusted Abilio Diniz …

If new proposed combination with GPA must be submitted to the board of Carrefour in the coming months, it would still be opposed to casino, and no political support in Brazil. This time, the independent directors of Carrefour might well make their voices heard.

This time, the Fininvest will have to pay. The court sentenced him on Saturday appealed the group owned by Silvio Berlusconi to pay 560 million euros in the CIR group, owned by Carlo de Benedetti. The judges of the Court of Appeal of Milan have found that control of the publisher Mondadori, obtained in 1991 by Fininvest, to the detriment of the EIF through a favorable court decision, was made possible by the corruption of judge and lawyers involved. In 2007, the Criminal Justice had issued a similar notice, including the judge sentenced Vottorio Metta was stationed in nearly three years in prison.

On appeal, the Milan judges, however, reduced the magnitude of the financial penalty, determined in the first instance to 750 million euros.Unlike 2007, the decision will also be immediately enforceable: Fininvest will address 560 million euros in damages without waiting for the trial to the Supreme Court that the group should seek. "Our lawyers are already beginning to study the complaint," has indeed responded Marina Berlusconi, the eldest daughter of the Head of Government and president of Fininvest. This assesses the amount of the penalty "to double the participation of Fininvest in Mondadori."

Electoral setback and legal troubles

The Cavaliere had nevertheless worked hard to save the payment of such penalty to the group. Approaching the verdict, he did not hesitate to try to vote by Parliament an amendment to the Civil Code suspending sanctions in excess of 20 million euros on appeal, until the final decision of the court of Cassation.A measure to be adopted in the Bill ratifying the austerity plan. Faced with the outcry in the opinion of this measure, the Cavaliere has this week backed down.

This decision is more bad news for the chairman, who combines political defeats in recent months and legal troubles. Also implicated in the "Rubygate" Silvio Berlusconi suffered a severe mid-June electoral setback. The Italians have indeed overwhelmingly (over 94%) rejected four bills proposed by his government and put to a referendum: one devoted to the construction of new nuclear power stations, one on the privatization of water management by municipalities, and two providing legal immunity of ministers and the chairman of the board. Silvio Berlusconi, who announced Friday he would not stand in 2013, probably did not finish with the law.

Here are the planned changes on 1 July 2011.

• Retirement

The law on pension reform, enacted November 10, 2010 after a long parliamentary battle will come into effect on Friday. The legal age will gradually increase from 60 to 62, with four more months per year. The first people affected are those born after 1 July 1951.The age of the full rate – that is to say that from which an employee receives a full pension even though he has not contributed enough quarter (165 quarters forward) – is raised gradually from 65 to 67 between 2016 to 2023.

By persons possessing a degree of permanent disability of at least 20% and, after notice of a multidisciplinary committee, those possessing a degree of permanent disability between 10 and 20% are still able to go to 60 years.

• SMIC

The minimum wage was last adjusted on 1 January will not be automatically upgraded in July. The rise in prices which reached 2% since last revaluation of the minimum wage – could lead to an increase in August the minimum wage indexed to inflation.Prime Minister François Fillon has also been clarified that no additional boost would be granted.

• Unemployment benefits

Unemployment benefits will be revalued by 1.5% from 1 July, decided Thursday Unédic or at a rate lower price developments and the minimum wage increase of 1.6% occurred at the beginning of years. "The debate was very long to the Board of UNEDIC" consisting of representatives of employers and employee organizations, which manage all unemployment insurance, said the president of UNEDIC, Gaby Bonnand at a press conference.

• Transport

– SNCF: the prices of train tickets will increase by an average of 2.5%. This increase will, as every year, uneven tickets. It will range from 10 cents to 2.70 euros by destination.The price discount cards remains unchanged.

– RATP Navigo Pass packages will increase by 2.7%, except for Zone 5. Zone 6 is removed and merged with the 5, which will mechanically decrease by 11% the price paid by its users, reduced from 123.60 to 109.90 euros for a monthly fee. In detail: the monthly zone 1 and 2 increased from 60.40 euros to 62 euros (+2.6%). That of zones 1 to 3 passes to 80.30 euros (+2.7%), and that of zones 1 to 4 to 98.10 euros (+2.7%). The single ticket remains unchanged at 1.70 euro.

The bus fare increases to 1.90 euro (+5.5%), while the book of 10 tickets will increase to 12.5 euros (+4.2%).

• Energy

– Electricity: Household bill increases of 2.9%.The industries and large companies take 4.4 to 4.9% according to the rate at which they are submitted.

– Gas: gas rates for individuals do not change, but those businesses increased by 3.2%.

• E

La Poste has announced that the price of postage for mailings of letters under 20 grams would rise by two cents, from 0.58 to 0.60 cents.

• Mobile Phone

The price of mobile communications passed from another European country down. It will now cost 42 cents per minute against 47 before. Subscribers operators in metropolitan departments and overseas subscribers Dom operators in mainland France also benefit from lower rates.

• Environment

A thousand everyday products will be subject to an experimental display decided at the Grenelle Environment Forum.Packaging will be accompanied by a statement indicating their carbon footprint and their impact on biodiversity, water, etc..

• Bank

A summary of bank charges (basket of services, payment systems, operational occurrences, agios) will now be on the monthly bank statements, which also display the ceiling of the overdraft.

• Pets

The electronic chip designed to identify the pet becomes mandatory for all animals that will travel outside French territory.

(With agencies)

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Renault is working to revive its sales in Europe in 2012. The automaker, whose image was tarnished by the case of false intelligence to launch a "flurry" of new products next year on the old continent, said La Tribune.

Starting with the renovation of smaller models. The group of diamond brand and will revamp its Twingo "with a front face far more original," says the group business daily. No time to breathe, the group will then present its model for electric car Zoe in March 2012 at the Geneva Motor Show prior to the market at a price of 15,000 euros from August 2012.

Then, the Clio IV will land on the market. The aim is to produce 450,000 Clio IV year, said La Tribune bad credit pay day loans. The vehicle will be produced in Bursa in Turkey but also Flins, near Paris. The new Clio will replace the previous ones.

New Dacia

On the Dacia brand, the group plans to launch a "compact van." Then the manufacturer will present models of renewed Logan and Sandero. These vehicles will be sold under the Renault brand outside Europe and Africa.

In the longer term, in 2014, new small city car produced in conjunction with Smart (Daimler) will emerge. Twingo a third version, and a smart four-seater will be produced on a single platform based in Slovenia. The year 2014 should be the revival of high-end vehicles.

With one of the highest birth rate in the European Union, the French threw every year a million diapers that end up buried or incinerated. Further pollution to which a pilot project, called "Happy Nappy" ("happy coat" in English), seeks to end. Conducted by SITA, a subsidiary of Suez Environnement, the program has evaluated the recyclability of liners for babies and adults. Conclusion: they can be recycled to 90%.

This program of 340,000 euros, 40% funded by the Agency for Environment and Energy Management (ADEME), spread over more than two years. After grinding the layers and their separate components, the program evaluated the energy recovery potential of each subject.Based on the work of the team, which make up plastics from 10 to 20% of the layers are recyclable, as are the fibers (10-20%) and feces and urine (50-70%). Only superabsorbent polymers (5-10%) remain unresolved recycling. Upon arrival, a "triple value" with energy production, compost and recycled materials. Research is being conducted in other countries but "the idea of ​​the triple value is unique," says Laurent Galtier, project manager.

Final stage of the program: a solution to the residual organic matter from anaerobic digestion: they could be valued in agriculture. "It remains to perform tests on the agricultural sector in line with the Ecole Nationale Superieure Agronomique de Toulouse (ENSAT)," says Laurent Galtier.

"In a nursery, the act of sorting is done"

How to collect, then the used diapers? "Initially, we are interested in nurseries and nursing homes," said Laurent Galtier who visited both types of institutions and who claims to have met an "immediate acceptance" of his project. "In the nursery, the act of sorting is done," says he: the babies are, in fact, changed in the same place and layer thrown into the same bin.

The recycling plant layers could settle near a water treatment plant, to use the treated water discharged by the station and to enjoy the digester already present. "These are two very important points of synergy that could cause the project's success," said Laurent Galtier.

Concerned, diaper manufacturers have contacted the team.According to Laurent Galtier, a possible collaboration could include the development of plastic components and superabsorbent polymers. They "could be a future pilot project," says Laurent Galtier elsewhere.

The economic viability of the project "Happy Nappy" will be evaluated by the end of the year. Its director, however, provides that there is "no industrial process before 2013 at best."

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Most renewed the attack on the RSA. On the eve of the opening of the convention on the theme of social justice organized by the presidential party tomorrow, Wednesday, June 8, Jean-Francois Cope, secretary general of the UMP, exhibited in an interview with the daily La Voix du North's proposals for certain recipients of income solidarité active (RSA) work "between five and ten hours per week serving the community of residence." In Le Parisien, Aujourd'hui en France, his deputy, Marc-Philippe Daubresse, which promotes these same proposals.

"About a third of the 1.15 million households that receive the old RMI are not able to work without heavy social support. But for the others we'll be offered a social utility paid five to ten hours per week, in communities or integration structures, "he says.In case of refusal, "the RSA may be reduced on a declining basis," said deputy general secretary.

Keeping the philosophy of law Hirsch

"Laurent Wauquiez has asked good questions," says he with reference to the controversy raised in mid-May by the Minister of European Affairs on the "excesses of the assistantship. Marc-Philippe Daubresse former Minister of Solidarity nevertheless believes that active-Laurent Wauquiez who wanted to impose hours of social service, did not provide "necessarily the right answers for those who know the complex workings of the RSA low interest personal loan.

He said the crisis has eased the innovative principle of active solidarity revenue, created to allow anyone who works to earn more than doing nothing, and he wants to add a second component.This new proposal he said the answers "to questions by Laurent Wauquiez, while keeping the philosophy of law Hirsch.

Create one-stop shops

Marc-Philippe Daubresse also wants to create one-stop and check that one department to another, that households whose situation is similar enjoy the same rights. The monthly business-RSA today paid quarterly, is also considered.In order to track social security fraud, the UMP also wants to implement a automatic reporting of income by Urssaf the family allowance funds.

These proposals were laborées at the request of President Chirac who, while saying that RSA is "a major social advance of this five-year", said it was perfect.

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The dominant expectations Wall Street on Wednesday. The Dow Jones lost 0.35% to 12,525.82 points, the Nasdaq yield 0.20% to 2829.60 points and the S & P 500 was down 0.29% to 1341.32 points.

Tuesday, as all global markets, the U.S. stock market had closed on a sharp rise, the Dow Jones climbed 1.03% and the Nasdaq by 1.37%. Investors, who were returning from a long weekend, had welcomed with relief the press releases stating that Germany would give up a debt restructuring of Greece.

On Wednesday, the new no longer effect. As in Europe and Asia, caution is back on the market, supported by a series of disappointing indicators from China and the euro area. China's PMI purchasing managers of the China Federation of Logistics and Purchasing (CFLP) fell to 52 last month, against 52.9 in April.In the euro area, this indicator stood at 54.6 in May, after a flash estimate of 54.8, against 58 in April. Is the lowest since October.

United States, the employment figures in the private sector show an increase of only 38,000 in May, according to the firm ADP, while analysts were betting on 170,000 net hires.

Investors across the Atlantic will also learn construction costs.

Side currency, the euro rose slightly against the U.S. dollar at 1.4421 dollars (+0.18%) in the early afternoon in Paris.For its part, oil recedes, a barrel of light sweet crude for July delivery yielding 0.53% to 102.16 dollars short term personal loans.

Yahoo!: -1.39% to 16.32 dollars

Yahoo has resolved its dispute with Alibaba Group in connection with the transfer by the Chinese company's online payment system, Alipay, its chief executive Jack Ma said on source familiar with the matter. The two companies reached an agreement before the meeting with analysts from Yahoo last Wednesday. But the agreement requires the green light from the founder of Softbank, Masayoshi Son, who sits on the board of directors of Alibaba. He was quite reluctant, says one. Japanese Softbank is a shareholder of Alibaba and Yahoo Japan.

Google: 0.46% to 531.44 dollars

Eric Schmidt, the executive chairman and former CEO of Google, said Tuesday night had "planted" on social networks four years ago.He takes the responsibility for the error that allowed Facebook to be the undisputed leader in the category.

Phillips-Van Heusen: 1.39% to 66.89 dollars

Phillips-Van Heusen for its part, announced a net profit of $ 58 million (79 cents per share) in the first quarter of fiscal 2012, against $ 28 million loss (53 cents per share) a year before. The turnover was doubled to 1.37 billion against $ 619 million a year earlier. The group is therefore the goal of annual earnings per share to range between 4.80 and $ 5 per title.

Dollar General: -8.58% to 32.06 dollars

Still on publications, Dollar General will issue its first quarter revenues.

The 55 new trains duplex 3G will go quietly into the fleet of the station which already has 488. Outwardly, nothing distinguishes them from their elders also manufactured by Alstom and the delivery of which ranged between 2005 and 2011.

Inside, very slight innovations have been introduced: two screens are placed in each car to provide practical information (time, stations traveled, speed of the train …). The aisle is wider for the movement of disabled people. Seat reservations are displayed on small digital displays. Surprisingly, the SNCF seeks to preserve the same framework to avoid disturbing passengers … But according to the technicians of the station, trains are quieter and less pitching than older ones.They are also equipped with pre-wiring that will install a video system protection.

Yet, the president of the SNCF did not hesitate on Monday at a ceremony to talk about a new "weapon of European conquest." It is true that the Euro Duplex – it's his nickname – is the only way to travel in Switzerland, Germany, Luxembourg and Spain through its signaling system that will work on different networks and thanks to its compatibility with electrical equipment.

The new TGV will run on the network Rhine Rhone which the Strasbourg-Lyon is inaugurated in December. They also conduct trips between Marseilles and Frankfurt. Gradually, as they are delivered (9 in 2011, 15 in 2012, 11 in 2013, both in 2014 and 7 in 2015), the TGV also serve Spain."We currently have nearly 50% share of European market for high speed, said Guillaume Pepy, SNCF's boss. Today, the challenge is to keep them. "

The overall cost of this order placed in 2007 amounted to 1.6 billion euros, or about 28 million per train. Something to keep Alstom workshops while a European social movement was launched Monday in the various European sites of the Alstom Group. Germany, Spain and Italy are particularly affected by a plan to eliminate positions from 1300 to 1400 in the transportation division.

A video of Figaro easy payday loans.fr

After the death of Osama bin Laden, U.S. markets have opened higher on Monday. But the optimism did not last. After booting up 0.48% at 12,872 points, the Dow Jones has returned to equilibrium about 18.30 (-0.02% to 12,839 points), the Standard & Poor's 500 and Nasdaq 100 lost respectively 0, 13% to 1362 points and 0.31% to 2865 points.

The NYSE had ended up slightly vendredi.Sur the entire last week, the Dow Jones gained 2.43%, sailing now at its highest level since May 2008. The Standard & Poor's has made 1.96%, climbing to a new level since June 2008, and the Nasdaq experiencing the highest since December 2000, after rising 1.89% on the week. U.S. indices have been propelled by the quarterly results of companies.Indeed 73% of companies have released better than expected results for the first three months of the year.

On all major exchanges in Asia and Europe, the reaction was positive on Monday after announcing the death of bin Laden. But the effect was short-lived.

Dollar up, oil down

And on the foreign exchange market, the dollar climbed against major currencies. Around 15:30 European currency resumed, however the height against the greenback.: The euro bought 1.4849 dollars against 1.4808 dollars on Friday night. The death of public enemy number one U.S. pushes investors to buy the greenback, especially low in recent weeks because of the decision of the U.S. central bank (Fed) maintain unchanged its policy of very low rates.

Similarly, oil prices, affected by the surge in the greenback, declined Monday.A barrel of light sweet crude for June delivery lost 57 cents to U.S. $ 113.236. Precious metals lose ground again this afternoon, even if less than this morning. The ounce of gold fell to 1546 dollars this morning against a previous record of 1575.79 dollars. It is from 1555 dollars to 15.30.

On the macroeconomic front, construction spending gained momentum in the United States, knowing their strongest growth in 11 months, 1.4%, according to data released Monday by the Commerce Department. In contrast, growth of manufacturing activity slowed for the second consecutive month in April, but less than expected, according to the index of industrial purchasing managers released Monday. This index, calculated by the Institute for Supply Management (ISM), stood at 60.4 in April after already slowed to 61 instant payday loan.2 in March, against 61.4 in February.The 72 analysts and economists surveyed by Reuters had forecast an index to 60.0.

Macroeconomic agenda of the rest of the week is particularly busy overseas. The program included investors such as U.S. industrial orders (Tuesday), the PMI service on both sides of the Atlantic (Wednesday), quarterly productivity in the U.S. (Thursday). But the main highlight of the week on the macroeconomic level in the United States is expected Friday with the traditional monthly report on U.S. employment.

Apple on their toes

The side of values, PPR announced on Monday the launch of a friendly takeover of the American Volcom (23.92% to 24.45 dollars) (clothing and accessories for skateboarding), enhanced 516, 1 million euros, which, according to him, "a milestone" for the constitution of his pole "Sports and Lifestyle."The essence of sport and lifestyle center is formed by Puma, majority owned by PPR, which was completed in 2010 a turnover of 2.7 billion euros (+10.6%) and operating profit to 337.8 million euros, up 12.7%.

Always on the side of values, Apple (-0.36% to 348.88 dollars) might react to the announcement of Time which will offer a free edition of its magazine for iPad his paper subscribers, according to the Wall Street Journal.

On its side the oil giant Chevron (-0.70% to 108.67 dollars) has also announced after the close of Wall Street have made a profit in the first quarter of $ 6.2 billion against 4.6 billion a year past. Daily production rose to 2.76 million barrels per day against 2.78 million last year.Chevron also announced the construction of a new manufacturing lubricants in Mississippi to $ 1.4 billion.

For his part, Du Pont De Nemours (-0.25% to 56.65 dollars) has increased the amount of its bid for Danisco to 700 Danish kroner kroner against 665 previously.

Also note, the Wall Street Journal, Facebook's growth is higher than the forecasts made several months ago, the group is about to exceed two billion dollars of gross operating profit (EBITDA) in 2011. Still according to the Wall Street Journal, the benefits of Facebook now increase rapidly enough to justify a valuation of $ 100 billion or more from the perspective of an IPO. Facebook should be placed on the market by early next year.