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This holiday Belambra French, ex-VVF Vacances, should know the name of its next owner in June. Reportedly, four investors – LBO France, LFPI, Sagard and Montefiore – are in line to buy the 60% held by the Fund at Groupama, Acto. Montefiore would not intervene alone, but could take a minority ticket.

The four financial investors have learned Thursday night that they were qualified for the second round auction, organized by the investment bank Lazard. They had filed their first offers, early last week. The funds have several weeks to refine them.

Tourism and real estate

Came in 2006 with capital of Belambra, Acto structured the group around two areas: tourism and real estate no faxing payday loan. The fund initially was counting on a valuation of around € 200 million, or slightly less. The prices offered by potential buyers would be below expectations.

In 2011, Acto had entered into negotiations with the minority shareholder of Belambra, the Deposit, holder of 34% of its capital. Due to differences over valuation, public institution, also a shareholder in Compagnie des Alpes, declined to take over control of the tour operator. It would, however, weigh in the balance by validating the choice of his future partner.

Continuation and conclusion on the issue of allowances Lauvergeon. Except cons-order last minute, the former president and CEO of Areva touch Tuesday amounts associated with leaving the nuclear group: one million euros – the equivalent of one year's gross salary excluding bonuses – which 500,000 euros in addition, financial compensation to a non-compete clause. Jean-Cyril Spinetta, Chairman of the Supervisory Board of Areva, has asked the company to make the regulation of 1, 5 million in all.

In late March, the Minister of Economy, Baroin, had indicated in writing that "the implementation of the proposals of the supervisory board being the settlement agreement did not call for opposition (his) hand." He belonged to Jean-Cyril Spinetta to apply – or not – this protocol. It ruled.  

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The Women's Day celebrated on Thursday and its litany of gestures and speech for the occasion more than a tired mind, both male and female. Never mind, here, much less agreed, the World Day of … plumbing. A joke intended to mock the endless list of World Days – "Pinhole photography at" (sic), "for normalization" (sic) or "the kindness"? Not at all. In France, the Information Centre of copper is responsible for promoting the third edition of this World Day of plumbing. A good cause, said, for those who doubt, the site of the World Plumbing Day "The plumbing is vital to public health worldwide cash advance america." In fact, no safe drinking water without piping, valves and seals of quality. According to the UN, diseases related to unsafe drinking water every year kill more than 3 million people. By coincidence, the World Day of the plumbing is organized on March 11, the anniversary this year, the Japanese tsunami. The Fukushima nuclear disaster that ensued has accumulated problems of floods, leaks and contaminated water. The promoters of the World Plumbing Day will argue that even in the most extreme circumstances we always need a good plumber.

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"Water, a humanitarian emergency

The Paris Bourse addresses the meeting on an optimistic note. The CAC 40 in advance of 0.57% in early trade at 3,411.55 points. After a small rebound by 0.89% yesterday, the CAC 40 is expected to continue its momentum on Thursday and follow the trend set by Wall Street and Asian stock markets which closed on beautiful hikes.

This is the big day for Greece. At 21 hours (Paris time), we know the rate of participation of private creditors in the debt swap. The number must be greater than 75% to avoid a bankruptcy of the country. Last night, more than half of the creditors involved in the transaction was agreed. Greece is not less than 90% participation.

Earlier this afternoon, the President of the ECB, Mario Draghi, should leave unchanged its interest rate to 1% following two consecutive declines of 25 basis points each.

Euro and oil rose slightly

On the foreign exchange market, the euro rose 0.13% to 1.3168 against the greenback dollar. Side of the oil markets, Brent was stable at 124.26 dollars and WTI rose 0.14% to 106.30 dollars.

Investors will also digest of new business publications. EADS (+6.3% to 28.55 euros) announced an increase of 87% of its annual net profit to 1.033 billion euros and an increase of 7% to 49.13 billion of its turnover.

The distribution group Carrefour (-0.77% to 17.48 euros) announced a net profit down 14.3% for 2011 to € 371 million and a dividend halved to 0.52 euro per share , after a difficult year, marked by three profit warnings.

Air France-KLM (-2.20% to 4.09 euros) registered last year a net loss of 809 million euros and an operating loss of 353 million. The airline, whose sales rose 4.5% to 24.36 billion euros, has set a target to stabilize in 2012 its net debt to 6.5 billion euros.

The U.S. company Simon Property will acquire a 28.7% Klépierre (4.94% to 24.55 euros) with BNP Paribas, which held 51% stake in the French property.

The display group and JCDecaux street furniture (0.84% ​​to 20.90 euros) made a leap from 22.7% to 212.6 million euros in net profit after minority interests in 2011, thanks a booming business. Moreover, according to chief executive, Jean-Francois Decaux, the expected benefit this year of holding the Summer Olympics in London, which should generate six to seven points of additional growth in outdoor advertising.

The chemist Arkema (1.65% to 67.83 euros) has revised upwards its medium-term objectives, relying for now on a 2016 turnover of EUR 8 billion and a gross operating income ( EBITDA) of $ 1.25 billion, showing an early 2012 recovery in activity.

France still has destroyed jobs

On the macroeconomic front, 22,600 jobs have been destroyed in the fourth quarter after the removal of 31,500 jobs in the third quarter, according to figures from INSEE. Moreover, the trade deficit of France increased by almost 300 million euros in January compared to the previous month, reaching 5.324 billion euro, Customs officials said Thursday.

Across the Atlantic, one indicator is on the agenda: the weekly claims for unemployment benefits (1430).

Google plans to launch a home entertainment system capable of downloading, then amplify play music in forums Wireless, The Wall Street Journal. The system, operable from a smart mobile phone or a digital tablet, will evolve to download and distribute video programs also. Google is preparing to compete even Apple, which we expect a new offering meant upsetting the way of watching TV.

It helps us understand why Google acquired Motorola Mobility Holdings. If the acquisition is approved by regulatory authorities, it will help the Internet industry giant to launch this year of a new type of devices, sold under its own brand. The experience would mark a radical departure for Google, whose wealth depends heavily on its dominant position in the market for Internet advertising. The California company has also managed to do in less than three years of its Android software reference system at the heart of millions of mobile phones manufactured and sold by others.

The development strategy of Google draws more and more Apple. This is a great success thanks to the distribution of equipment designed entirely by its own engineers, according to its own standards, marketed under its brand and integrated into a platform for buying (iTunes Store) wholly controlled.

Google has already been manufactured or manufacture electronic devices. But his experience in 2010 with the sale of its first mobile phone Nexus, assembled by HTC Corporation, was quickly abandoned payday loan online. In wanting to sell products under its brand, Google risks angering its partners like Samsung which it depends to disseminate in the field of Android phones and digital tablets.

Management appliances

Google, like Microsoft and Apple, has long sought a way to marry television with the Internet. His effort called Google TV to integrate Android to TVs from Samsung and Sony, to facilitate research programs of video, did not yet successful. But tastes and consumer habits are changing. The considerable success of Netflix (platform distribution of films and serials) has transformed the U.S. Internet audience in a new age. Properly constructed, a new incarnation of Google TV or Apple TV is more likely to succeed today than some years ago.

Google sees farther. By engaging in the marketing of equipment under its brand, the firm also plans Sergey Brin to attack another market that the giants of personal computing as Hewlett-Packard have unsuccessfully tried to create: that of managing Internet for all kinds of home appliances, those enthroned in kitchens systems for temperature control parts of a house and alarm systems.

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The premium for 3000 euros deployed in April 2009 for hiring a permanent contract of a trainee will ultimately resulted in the recruitment of 7245 young people in just over a year. This result, communicated by the Department of Employment, is seven times lower than the initial target of 50,000 hires.

The measure, which was included in the contingency plan for youth employment, will have cost 20 million euros to the state, against 150 million budgeted.

September 2009 has concentrated 42% of new recruits, the vast majority occurring during the summer period due to the completion of courses at study students. Nearly 5,200 companies have benefited from this device, particularly in services (legal activities, architecture, engineering, computer …) that concentrated more than half of the hires made. Conversely, the hotels and restaurants accounted for only 1% of contracts signed. Beneficiaries aged 23 or 24 years, had long been in higher education: 85% had a BA + 3. They were recruited, mostly, after a period of over six months. More than one in two has been hired as executive status.

As for the geographical distribution of recruitments, nearly 43% were made in Ile-de-France, the only region with Rhone-Alpes to be exceeded (by far) the threshold of 400 hires. Conversely, Corsica … has signed only six contracts.

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False, false arch-is and sources familiar with the situation in France qualify the statements of the German weekly Der Spiegel on the sale of warships to Greece. No, France does not "give" the frigates to Greece, writes the weekly in its issue this week. The information given by the newspaper are also inaccurate. The call for tenders launched by the Greek government was about six FREMM multimission, not "two to four" as the newspaper. Furthermore, if the tender has been won by France, the contract was never signed because of the financial crisis.

The newspaper asserted that France had offered to Greece to keep the Frigate for five years without pay, then pay only $ 200 million per piece instead of 300 million. But the price of a frigate in fact reached 500 million euros.If Greece could not pay his debt at that time, France had recovered from ships.

A letter of protest from ThyssenKrupp

When bidding, ThyssenKrupp, a competitor to the market, namely the Department of the shipyards, has even sent a letter to the Chancellor to complain about French methods cash advance in one hour. And above all, to denounce the financial allowing Greece to acquire these warships: "While the German arsenals do not receive any order, DCNS Greek and arsenals are funded by German money and artificially kept alive "ThyssenKrupp said in the letter quoted by Spiegel. The steel company has even asked the Chancellor to discuss this matter with Nicolas Sarkozy at the EU summit this weekend.ThyssenKrupp declined to comment officially on this subject.

Such an arrangement between France and Greece is almost impossible because it would retoqué by Brussels. Some take the pretext of military procurement by Greece to defend the interests of German taxpayers. These increasingly reluctant to pay for Greece. The majority of Germans is now, 54% favor a return to the deutsche mark according to a survey published by the magazine Stern. France is also in the crosshairs of German newspapers for some time: after the interview the boss kills the French BNP Paribas by the Handelsblatt newspaper now betting on a downgrade of France.

The war of positions that settled for months at the head of Air France KLM, in view of the succession of the CEO Pierre-Henri Gourgeon, should find its outcome brutal Monday.

Reportedly, the board will meet to start RECORDED Pierre-Henri Gourgeon. In office since 2009, the executive director of the group pays two things. On the one hand, his conflict with the chairman of Air France-KLM, Jean-Cyril Spinetta, and on the other hand, the disappointing results of the company. "He did not totally unworthy, but a change in governance was necessary at the time of uncertainty hovering over the company and the industry," says a close case. No comment was made Sunday at the headquarters.

Overhaul of the governance

The departure of Pierre-Henri Gourgeon will be accompanied by an overhaul of governance.Jean-Cyril Spinetta back in service by chairing executive of Air France-KLM. The owner of the historic French airline, the architect of his marriage with his Dutch counterpart, never far away from its management. In addition, Juniac Alexander, former chief of staff Christine Lagarde, will be named him CEO of Air France. A key post in the new organization which eventually opens the way for the management of all Air France-KLM.

After months of controversy within the Board and the Company, the Nominating Committee consists of four directors (Jean-Francois Dehecq, Patricia Barbizet, Jean-Marc Espalioux and Cornelis van Lede) has finally agreed on the name 'Alexander Juniac, under the watchful eye of the state, which owns 15.7% of the group.Ironically, the former right hand man was the candidate pushed by Pierre-Henri Gourgeon, opposite Jean-Cyril Spinetta, who advocated an internal solution. Indeed, this lively debate which had laid bare the tensions between the two leaders of the company.

The new organization, which will be confirmed Monday, also intended to bring Air France-KLM in a position to face its difficulties. The latest quarterly (April to June 2011) revealed an operating loss of 147 million euros. Back into the red after one brief year of profits. Since then, the situation was still tense, so that the group launched in early September a new savings plan. No figures have been officially announced, but it evokes a range of 700 to 800 million euros.The specific measures should be adopted at the end of this month.

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In Rome

The volatility of prices of basic foodstuffs is likely to persist and even worsen for ten years, increasing the vulnerability of the poorest farmers in the world. It is the fear of the three UN agencies responsible for combating world hunger: FAO (Food and Agriculture), WFP (World Food Programme) and IFAD (International Fund for Agricultural Development).

In their annual report on "Food Insecurity in the World", the three Rome-based agencies denounce the vagaries of international market prices easy pay day loans. "The small countries dependent on imports, particularly in Africa, are particularly affected," they note. Thirty-two countries now need to receive external assistance due to crop failures, conflict or natural disasters.