Sundial of world news

Deezer has won a round in the standoff between the site of listening to music online in the first world producer of music, Universal Music. For several months, Deezer available on their website from the stable of artists Universal, Lady Gaga, Justin Bieber, … Rihanna – without renewing his contract with the record company. The reason? Anxious to push users to pay for music, Universal Music wants to listen to a repeat title is limited to five, beyond what digital music lovers will have to pay. Stress too important to Deezer, which peaked in June, listening to music on the overall site to five hours per month.

Failing agreement, Universal Music France has turned to justice. For the subsidiary of Vivendi, Deezer is guilty of infringement. On Monday, the judge of the Tribunal de Grande Instance of Paris has decided otherwise and dismissed Universal.For justice, Deezer has "sufficiently established in the interim stage the possibility that the company Universal Music France has committed an abuse of dominant position which has the effect of depriving the bans based on the copyright it claims ". Thus, the court allows Deezer, which Orange is a shareholder at 11%, to continue to operate free catalog of Staff … "In conditions that were not accepted by Universal," Vivendi's subsidiary storm, with Deezer attack now on the bottom.

Find a deal

"This decision clearly express the idea that we have several models on the French market for it to grow, said Axel Dauchez his part, Director General of Deezer. Furthermore, it can not be any different solutions for each producer. "Satisfied with the decision of the court, he readily admits that the Universal catalog is "essential to the existence of Deezer" and he'll have to reach an agreement. A fortiori Deezer while preparing its international expansion. In 2012, France could be less than half the income of the start-up. It opened an office in England and is expected to announce the launch of its service in the coming days. The French experience is not foreign. In addition to tickets sold in packages Orange (1.1 million), claiming in effect Deezer 100,000 subscriptions sold directly from that listening is limited to 5 hours per month. "With success, it is logical that we seek to replicate it abroad," said Axel Dauchez.

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The anxiety begins to rise in the staffs of distributors. Since last May, in response to rising prices in hypermarkets and supermarkets, French households scratch some products of their shopping list. In late February, the central purchasing of hypermarkets and supermarkets had completed, in pain, their traditional annual tariff negotiations with food manufacturers and consumer products. They had had great difficulty in getting the increases they felt were necessary, given the soaring prices of raw materials.

Since March, distributors impact gradually increases on their labels. That month, prices in stores were up 0.67% over February, according to the institute Symphony IRI Group. Since then, a month to month, prices increase in radius each time by 0.50%."The return of inflation is beginning to be felt on the behavior of buyers in supermarkets," says Jacques Dupré, Director of Insight Symphony IRI Group, which analyzes the monthly receipts of all the major surfaces of the Hexagon .

The break in the trend is clear. Of the four months preceding the return of inflation on the shelves between November 2010 and February 2011, sales of food increased by 1.3%. And the next three months, between March and May, the increase slowed to only 0.4%.

Promotional pressure

In April, the phenomenal sales of water, beverages, beer and ice cream, boosted by high temperatures, have allowed supermarkets to record an exceptional increase their volumes, which jumped this month to 4 3% compared to April 2010. But since May, purchases in supermarkets are falling over one year.Month after month, the trend continues. "In July, the decline could even exceed 1%, says Jacques Dupré. Inflation continues to gain momentum. "

The drop in purchases is certainly less intense than in 2008. At the time, soaring raw materials led to an increase of 4.5% of the labels in three months, which had resulted in a decline in overall consumption of around 2% throughout the year, twice as large as that observed in the last three months.

"So far, arbitration is more about quantity than quality, said Jacques Dupré. Rather than falling in line, they buy a little less product. "As in 2008, consumers are tightening their belts.But they give up to afford one or two products "frivolous" (see box) rather than turn to the variety of entry-level or private labels (PLs) for items they value.

Despite the general rise in prices, domestic brands continued to be more resilient than labels distributor, yet less expensive. Until May, growth was consistently higher, thanks to promotions, which have proliferated in the first half.

Promotional pressure from national brands was released in June … and then returned to the private label market share for the first time in eighteen months. The situation remains tense rays than ever, and inflation could thus give a boost to brands.Contrary to what happened three years ago, the hard discount does not benefit from inflation and continues to lose market share.

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As in Asia, the Paris Bourse tries to rebound on Tuesday. At the opening, the CAC 40 gained 0.16% to 3819.23 points. Same in the rest of Europe: the London Stock Exchange opened up 0.11% to 5931.99 points and the Frankfurt Stock Exchange up 0.34% to 7369.89 points.

But investors remain cautious as Barack Obama has not convinced the issue of debt. In a speech to the nation live from the White House, Bush denounced the attitude of the Republicans that led to an impasse "dangerous". The world's largest economy may end up in default within a week if no agreement is reached on raising the debt ceiling, an event "irresponsible" by the president. Facing him, the chairman of the House Republican John Boehner, remained inflexible. He accused Barack Obama face of intransigence solutions proposed by his party."The sad truth is that the president wants a blank check. This will not happen, "he said.

Faced with the growing nervousness of the markets, it has however promised to submit to the Senate and the president a bill to avoid a default. "If the president promulgates it, the atmosphere of crisis it has created will disappear of itself," he said. Barack Obama also wanted to be reassuring: "I told the leaders of both parties that they must reach a compromise in the coming days, which can be passed by both houses of Congress, a compromise that I can enact. And I'm sure we can seal this compromise. "

In addition to the markets, the United States are now under pressure from the IMF suggests that a "severe shock" if no agreement is reached on time.The institution has also damaged its projections for the U.S. national debt.

The dollar attacked

The dollar is suffering in this context. The dollar briefly fell below 78 yen Tuesday, its lowest level since March 17, when President Barack Obama spoke to Americans. The euro has also appreciated against the greenback at 1.4420 dollars against 1.4375 dollars late Monday. "The president's speech Obama has disappointed market expectations of progress hoping to break the deadlock," said Hideki Hayashi, an economist at the brokerage Mizuho Securities, quoted by Dow Jones Newswires.

Oil prices were, themselves, without direction in electronic trading in Asia, the market continued to worry about the lack of agreement. A barrel of "light sweet crude" for delivery in August took 15 cents to 99.35 dollars.That of Brent North Sea crude for September delivery lost 29 cents to 117.65 dollars.

Investors also will keep an eye on the indicators of the day:

– The morale of French households is somewhat back in July after months of stability, with a gain of 3 points in the index that measures at 86 points, according to data released Tuesday by INSEE. But that level remains low.

– The number of starts of new homes rose 13.4% year on year in France for the period April to June, said Tuesday the Department of Housing.

Coming to the United States: the index of house prices and new home sales. Also the program overseas indices of investor confidence and consumer.

Values ​​to follow

The banks are recovering from their fall the day before.Crédit Agricole (1.64% to 9.06 euros), BNP Paribas (1.48% to 47.39 euros), Société Générale (1.39% to 36.77 euros), Axa (1, 28% to 13.88 euros) and Natixis (1.26% to 3.29 euros) are the highest increases in the ACC.

Faurecia: -1.55% to 29.87 euros

The automotive supplier has revised up its forecasts Tuesday turnover for 2011 between 15.7 and 15.9 billion euros and operating margin, after a good first half. But the forecast annual cash flow is lowered.

Veolia: 0.67% to 18.16 euros

The city of Warsaw has chosen Dalkia, Veolia and controlled by EDF, to buy the operator of its district heating network, the company SPEC, according to sources familiar with the matter.

Orpea: 0.20% to 34.44 euros

The investment company said it had taken FFP 6% stake in Orpea, a company specializing in the treatment of addiction, for a total of 88 million euros.

TF1: 5.30% to 13.40 euros

The television group has published a net profit up 60% to 118.6 million euros, but a turnover in a very slight decline (-0.5%), 1.3 billion euros, for the first half of 2011.

STMicroelectronics: -6.53% to 53.97 euros

The group said Monday second-quarter sales in line with analysts' expectations, but said that they could fall during the current quarter.

LVMH: 0.15% to 130.75 euros

The group said on Monday maintained at 12.25 euros per share price of its tender offer to purchase the remaining shares of the Italian jeweler Bulgari and denied having purchased from the family part of the shares at a higher price. It will publish its results after market close the first half.

Klépierre: 0.55% to 27.56 euros

The group reported Monday, against all odds, a growth of almost 4% of its rental income, supported by the increase in rents in shopping centers in an economic context, however, marked by the slowdown in consumption in Europe.(See

Mercialys: -0.81% to 29.40 euros

The group identified Monday its growth target for this year after reporting a growth of over 9% of its rental income in the first half and its Board of Directors decided to distribute an interim dividend for 2011 .

SEB: -7.10% to 67.62 euros

The group released Monday interim results up, thanks to its good performance in emerging markets, and is confident for the full year.

Faiveley Transport: -3.99% to 62.50 euros

The group confirmed Monday forecast for 2011 a slight increase in sales, just over a month after a warning about shifts orders.

April Group: -2.13% to 17.03 euros

The group recorded an increase of 1.3% of its turnover to 377.8 million euros, a jump of 8.2% in brokerage on which the group has refocused more than offsetting the decline 9.6% in insurance premiums.

After market, Sopra Vinci and publish their turnover for the second quarter, Gascogne, Euler Hermes, Spir Communication, TV and Radio Next Icade unveil the results of the second quarter, M6 will report its results in the first half.

Once is not custom, the Cac 40 owes its salvation to Greece. While preparing to end the week on a third consecutive decline, after the publication of unemployment figures very disappointing for the month of May that highlight the fragility of the recovery in U.S. stock index has closed unchanged at 3890.68 points.

The Footsie-100 from the London Stock Exchange closed up 0.12% to 5855.01 points. The Dax-30 from the Frankfurt Stock Exchange finished up 0.49% at 7109.03 points.

A wave of optimism has swept over the financial markets in the late afternoon after Greece and the "troika" has released details of an upcoming fiscal tightening.And especially that the country has reached agreement with its creditors to pay him a new financial assistance.

The service sector slows in Europe

In France, growth in services sector activity slowed slightly in May but remains close to the peak of nearly 11 years hit the previous month, final results showed on Friday of the monthly survey from the Markit Purchasing Managers . PMI Segment income $ 62.5 after hitting 62.9 in April, its highest level since September 2000. An initial flash estimate of 62.8 gave the May 23

This same index slowed sharply in Germany last month to 56.1, its lowest level since October against a flash estimate of 54.9 and a figure of 56.8 in April.However, it is accelerating in the U.S., the index of purchasing managers in the sector has emerged up from from April to 54.6.

Also overseas, only 54,000 net jobs were created in May, according to figures from the Labor Department. That is three times less than economists' forecasts.

As for currencies, the euro, which climbed to over $ 1.45 yesterday, continues its recovery. It traded at 1.4567 dollars this morning.

Oil prices fell Friday in New York after the release of employment figures far worse than expected in the United States, showing a sharp slowdown in hiring in May in the country no faxing payday loan.

Late afternoon in Paris, on the New York Mercantile Exchange (Nymex), a barrel of light sweet crude for July delivery traded at 99.46 dollars, down 0.94% compared to the day before.

Banks in good shape

The banking sector shows the largest gains among CAC 40 after Greece and the "Troika" (European Union, International Monetary Fund and European Central Bank) unveiled the budget plan for Greece and Athens has confirmed that Agreement was reached with its creditors to pay him a new financial assistance. BNP Paribas (2.18% to 53.55 euros), Societe Generale (1.95% to 40.98 euros), Credit Agricole (2.17% to 10.58 euros) move.

TF1: +0.40% at 12.48 euros

Media rights to Roland Garros on Europe, formerly held by Eurosport (TF1), will change the diffuser to be allocated to the agency MP & Silva from 2012.

Vivendi: 0.63% to 19.07 euros

SFR announce next week an overhaul of its mobile offerings and partnership with the broadcast site Spotify music on the internet, writes La Tribune. The telecom operator will hold a press conference Tuesday, June 7

Thales: 1.16% to 29.28 euros, Safran: 0.59% to 27.94 euros

Discussions between the two groups regarding an exchange of assets will be using a mediator, Aldo Cardoso, former head of Andersen's consulting firm, said Friday the newspaper Les Echos.

Renault: 0.70% to 38.16 euros

The manufacturer believes that the shortage of diesel that has weighed on its registrations in the month of May in France will be eliminated in the second half, especially against the backdrop of the expected slowdown of the market, told The Tribune on Commerce Director of the French subsidiary.

Note that his main competitor, Peugeot, the fastest rising Cac 40 and the closure of the Paris stock exchange, rising 2.19% to 28.20 euros.

Greece must provide more work and results, said the French Finance Minister Christine Lagarde, who put pressure on Athens in an interview with Austrian daily Der Standard to be released this Saturday.

"Greece must deliver results and why the country must do more than during the last twelve months," said Christine Lagarde, whose name is mentioned as a successor to Dominique Strauss-Kahn to head the IMF.

Asked about her refusal of any debt restructuring, Christine Lagarde said: "We already gave Athens more time to repay its loans in the euro area is already a concession." He continued: "It is legitimate that we expected that Greece will make its share of work."

"We do not want a state of bankruptcy"

The French Minister of Economy recognizes that the Greek government has done things, "but there are still areas where things are moving too slowly", referring to privatizations. "Either Greece delivers results, then we can imagine additional help.Otherwise there is the question of how Greece is ready to play the game for its own bailout, "said ministre.Et further emphasized:" What we certainly do not want, c 'is a state of bankruptcy, a default in Europe ..

While the Greek Government discusses the rise in unemployment generated by the austerity plan, the minister reminded the unemployment rate in Spain, according to her superior to that of Greece, but where "the country still does its job, saved and managed to turn around. "

Challenge to implement a program

The rating agency Fitch, meanwhile, lowered on Friday noted the long-term debt of Greece to three notches. This is a new blow to Athens which also saw its borrowing costs on market reached a new record.Fitch lowered the rating of BB + Greek + to B, referring to the "challenge" for Greece that is the "implementation of a program of structural reform and radical tax necessary to ensure the solvency of the state and the foundations of sustained economic recovery "in the country.

"New fiscal austerity measures are necessary" to achieve that Greece's budget deficit target of 7.5% of GDP in 2011, said Fitch. The agency suggests including poor tax revenues and difficulties in implementing a privatization program.

Greece also saw its cost of borrowing on the markets at a record Friday, the rate of its ten-year bonds exceeding 16.7%. Sign that investors fear that Greece is not able to honor its debts.

The Greek prime minister said his country would repay its entire debt."We will refund the loans," said George Papandreou, whose country was granted last year a plan to help the EU and the IMF amounting to 110 billion euros to avoid it default.

But many observers believe that Greece will avoid a major restructuring of its debt, meaning pay creditors later or less than expected. But the European Central Bank precludes this scenario.

In the wake of Fitch, another rating agency S & P has for its part lowered by one notch the rating of the long-term debt of the Crédit Agricole to 'A +' cons 'AA-' before, because of its exposure Greece."We believe that the French banking group Credit Agricole is particularly prone in Greece, because of the issue of solvency and the economic outlook" of the country, particularly through its subsidiary Emporiki, S & P said in a statement.

(With Agencies)

The purchase marks the final small-flowered happens next June 30th. But in his interview in The Tribunevendredi, president of Yoplait Lucien Fa remains confident about its future within the group. It would even be based on General Mills, the future owner of the French brand, to expand abroad, especially in emerging countries. Said Lucien Fa are even willing to adjust the income and price to new consumers. "Dairy products are among the few categories of food products in real growth in these countries because, in addition to the taste and the health aspect, they are convenient to use and relatively cheap," said Lucien Fa

Yet General Mills, is not well known on the international market, carrying nearly 80% of its business in North America.But that does not worry the president of Yoplait, convinced that the American group did not have a good vision of the international market. "The interest of General Mills is to keep the factories in France and the research center, even to consider deploying more in the world," said Lucien Fa La Tribune totally free credit score.

Direct competition with Danone

The president of Yoplait also said to be reducing the gap between brand (7% global market yoghurt) Group Danone, the world leader (21%). "The Chinese have moved from a consumption of 0.3 to 2 kg per capita per year in ten years, while the French consume 35 kilograms, imagine the potential!" He added.

At the general meeting of shareholders on Thursday, Danone CEO Franck Riboud also addressed the question of redemption of its direct competitor by the group General Mills."This operation does not change anything because we were competing in every country in the world with these two actors," he said, noting that General Mills has been the franchise of Yoplait USA.

LVMH saw sales growth accelerate in the first quarter despite the disaster in Japan, while analysts had forecast a slowdown in the growth of global luxury goods giant.

Group sales, which opens the dance industry publications, came out to 5.247 billion euros. This amount is significantly higher than the consensus of analysts polled by Reuters, which called for 4.970 billion.

Organic growth (ie at constant exchange rates), it also took analysts by surprise, posting a gain of 14% (as against only 9% expected) and marking a further increase from 13 % of first and last quarters of 2010.

LVMH achieves 9% of its sales in the Japanese archipelago, but to his nugget Louis Vuitton, the proportion reached 16% to 20%, according to analyst estimates.All the fashion and leather goods division of the group, which also marks Marc Jacobs, Celine, Loewe or Fendi, in turn realizes there 16% of its sales. At the Annual General Meeting in late March, its CEO Bernard Arnault had again expressed his confidence for sales in 2011, despite the situation in Japan, which should not affect his view that LVMH in a "fairly limited".

Development of brands

The luxury giant, which has a portfolio of sixty brands including Louis Vuitton, Givenchy, Celine, Moet et Chandon, Ruinart, Veuve Cliquot, Parfums Christian Dior and Guerlain, speaks of an "excellent start to the year continuing trends "in late 2010 payday advance.

"The United States, Europe and Asia are experiencing a strong momentum," said Bernard Arnault group.By branches, wines and spirits increased by 20% over the first three months of the year to 762 million euros, thanks to good performance of champagne and cognac. The watches and jewelry surged by 28% to 261 million euros. Both areas were heavily affected by the global economic crisis in 2009. For LVMH, they continue their "strong rebound in effect confirmed the resumption of demand from customers."

Fashion and leather goods, driven by a Louis Vuitton "organic growth in sales and double digit increases his lead, rises 17% to just over $ 2 billion. Selective distribution (Sephora, DFS Dufy Free) increases from 20% to 1.4 billion euros.Perfumes and cosmetics registered a 9% increase to 803 million euros.

For 2011, "given the geopolitical and economic environment, LVMH will continue to focus its efforts on the development of its brands."

The group Bernard Arnault, who announced in early March, the takeover of Italian jeweler Bulgari, also relies on "the diversity of its businesses" or "the geographic balance of its sales in 2011 to further strengthen its lead in the global market high quality products. "

Turnover up 27%, a net profit rises 17%: Google on Thursday posted quarterly results spectacular … but not enough for Wall Street. Google saw its share fall immediately punished for earnings below expectations and rising costs.

But more than the share price is the rise of new competitors like Facebook and Apple worried. She forced Google to invest heavily to ensure its development in the social web and mobile. The group has hired 1,900 people during the quarter and announced that 2011 will be a record year in number of hires. Google has also invested in marketing to promote its new services, such as the Chrome browser, used by 120 million users worldwide.

Larry Page, co-founder of Google CEO returned in early April, was added to the message symbol.For his first appearance before analysts since his appointment, he made an appearance a few minutes introducing the conference, time to utter 398 words according to calculations by the American press. Brevity that shocked analysts but which reveals the priorities of Larry Page. "There are significant improvements to our core products and in the heart of our business, and we enthusiastically. (…) I am very optimistic about our future. "

Success of Android

These improvements will focus on the search engine, which remains a priority for Google. "We have 90 quality improvements on the engine in the first quarter," said Jeff Huber, director of commerce and local activities of Google.They focus on quality results, but also the integration of a community in its search engine with the recommendation button "1".

Emphasis is also placed on the mobile. Google has made the first Android mobile operating system, whose traffic has jumped 500% in two years. But unlike Apple, which sells its smartphones, Google does not sell phones or its Android software. Strategy: by widely Android (located on 350,000 new terminals each day), Google hopes to develop mobile Internet where it can sell advertising. This already brings in nearly $ 30 billion in fixed Internet.Already, his authority AdMob mobile advertising messages to 150 million handsets Android or iPhone per month.

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The Organization of Petroleum Exporting Countries (OPEC) does not know where to turn. While the barrel of oil tops $ 125 in London and $ 110 in New York, raising fears that inflationary pressures in many countries, member countries are unable to agree on an increase in production quotas for calm the markets. Remains to be seen if the latest monthly forecasts for world oil demand, whose publication is expected on Tuesday, will decide this debate.

Meanwhile, two factions seem to oppose the organization. First there is the one represented by Kuwait, which calls for calm markets. The country takes a dim view of soaring prices identical to that of 2008 which would result in slowing global economies and ultimately, the demand for black gold."While we appreciate a high price, we wish to see lower prices, we want a more normal," recently told the press Farouk al-Zanqi, the head of state conglomerate Kuwait Petroleum Corp.. (KPC). "Given current events, the normal price of a barrel should be between 90 and 100 dollars," he said.

In the same camp, Qatar has condemned a sharp rise in prices mostly due to speculators. "The fundamentals are good as regards the offer. Stocks are at an adequate level, "said Qatari Energy Minister, Mohammed Saleh Al Sada. "OPEC can do nothing regarding the speculation, but it seems to be the main reason for the current level of oil prices," he said.

Barrel "will reach $ 150"

Facing them, the other camp, represented by Iran, takes a different speech.President Mahmoud Ahmadinejad, believes that rising crude poses no problem and reiterated last week that no decision was required from OPEC fast cash. "Currently, the price increase is not determined by market criteria, but by political issues. You asked me if the price was still rising: yes it will increase. I think it will reach 150 dollars, "he even added. The opinion of Iran should not be taken lightly: the country is the second largest producer in OPEC, which he currently chairs.

This view is shared by Venezuela, whose weight within OPEC is not negligible with 2.3 million barrels per day.

"No hasty decision"

This internal strife is nothing new. Since the beginning of the year, the tone has escalated between exporting countries.In February, Iranian Oil Minister Massoud Mir Kazemi stated that "OPEC members need not take hasty decisions and unilateral," a reference to Saudi Arabia, the largest producer (8.4 million barrels per day), who had expressed readiness to provide extra barrels to replace lost production from Libya. In early March, the Kuwaiti oil minister, Ahmed Abdullah al-Sabah, had countered that a "possible" increase in production was under discussion.

Despite the admonitions of the President of Iran, Saudi Arabia did increase its production to 9 million barrels per day last March. Kuwait and the UAE has followed suit.

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And if the natural disaster in Japan changed the game in the folder "Lauvergeon? In a context marked by accidents at Japanese nuclear power plant in Fukushima, which no longer serve and the intense debate on nuclear power it arouses in France, maintaining Anne Lauvergeon, whose term expires in June, at the head Areva could be a source of stability in this burning issue.

Questioned on the issue International TV5-RFI-The World on this assumption, the Minister of Industry and Energy Eric Besson did not rule out this scenario. For him, it is even "feasible". "The president and prime minister called for a clear process, which is to ask an ad hoc committee to prepare a list of potential candidates, said the minister. Anne Lauvergeon, as outgoing president, is automatically included in this list. "

But far from assured when we know it would maintain tense relations with the president and his counterpart EDF Proglio no credit check payday loans. Nicolas Sarkozy has even ruled that it carries a third principal. Ironically, the only woman to head a French multinational received at the beginning of March the support of Jim Rogers, CEO of Duke Energy, the … "EDF American" and client of Areva. "The power producers like Duke Energy foreground select their suppliers based in part on their leaders and their strategic vision," Jim Rogers wrote in a letter to the press.

Among the candidates to succeed, the press regularly cites former Secretary of State for Foreign Trade Anne-Marie Idrac, the deputy CEO of EADS Marwan Lahoud, Commissioner diversity Sabeg or master group Chemistry Rhodia Jean-Pierre Clamadieu.The latter has already announced he will not take the head of Areva. "I'm not part of the process of candidacy for the leadership of the company you mention," he said in late February on the occasion of the presentation of results from Rhodia.