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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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Soon he had to go quickly to complete this negotiation in the long term. Wednesday night, the State, the Deposit and Consignment Office (CDC), La Banque Postale (LBP) and Dexia have agreed on a "summary of conclusions" laying the foundation for a new local bank. The bodies of public institutions and Dexia must approve the scheme this Thursday – the Supervisory Board of CDC did on Wednesday night – to allow the President of the Republic to announce the creation of local associations it meets Friday. Pending the effective launching of this new bank, savings funds from the CDC will make available to local public sector, including hospitals, a budget of 3 to 5 billion euros.

In mind, this is to ensure the handover between Dexia Credit Local (DCL), a subsidiary of Dexia in difficulties and the first player in France's local government finance, and La Banque Postale, led to his entering this profession abandoned by private banks. In fact, this transfer goes through a montage of rare complexity. Moreover, it is not a new bank that will be born, but two!

Entry of the state in the loop

The assembly established by the Commissioner Rene Ricol investment, initially, and then finalized by Jean-Paul Redouin, Deputy Governor of the Bank of France, goes into effect by the creation of two banks: d On one side, which means a company will finance new production, on the other, a commercial company that will distribute loans to local authorities. To prime the pump, the CDC will make cash available to the joint venture.

The company will be owned means on one side by a holding company for the State (31.7%), CDC (31.7%) and LBP (4.9%) and the other by DCL (31, 7%). According to the agreements, LBP will aim to return from DCL, under certain conditions, by 2020. This means company will own 100% of DexMa (Dexia MA), the refinancing vehicle with MCI.

Accordance with the agreements of October, DexMa, bringing 75 billion euros in credits, will be redeemed at a price of DCL to 380 million euros. However, the CDC advised by Lazard and JP Morgan, who fought to review the terms of the transaction in terms of degradation of the euro area since the fall, won a provision to review the prices of within three years. She also gained entry to the State in the loop, which was not envisaged in the scheme in October.

This company will provide the means and the back office and the refinancing of the commercial joint venture LBP (65%) and CDC (35%) who will distribute the new loans. The joint venture will remunerate its counterpart on a package of 15 basis points. If the bill is higher, will be paid by MCI.

For its part, the subsidiary of Dexia will continue to manage so-called toxic loans granted to local elected before 2008. According to the scheme proposed by Rene Ricol, DCL will continue its core activities, short-term loans, leasing or insurance. Finally, LBP and the CDC will also direct some trades in the direction of joint venture companies.

The European Commission, the last obstacle

If the outline were arrested, it is clear that the device is not fully seated. The discussions will continue with LBP – pivot of the organization even if it is a small shareholder of the company means – to define the borders between these entities both partners and competitors: in short, what really makes for that. The fate of 1,350 employees of DCL is not set. Society means and the joint venture is expected to resume commercial teams, but nobody knows yet how much. Finally, the last obstacle and not least, the European Commission.

According to several sources, Brussels, which must approve state aid granted to Dexia by the end of March, was expressed last weekend. The Competition Directorate has written very dry emphasizing how it would be vigilant on this new scheme. Some consider unlikely that DCL is allowed to continue its core activities in light of 90 billion euros of guarantees given by France, Belgium and Luxembourg with Dexia.

The French plan also raises a new obstacle. Indeed, is the nationalization of DexMa results in a decrease in its cost of issuance, and this is probably the result of state aid. Or changes in capital does not change because the tool – as the CDC calls since the beginning – is discredited: and then this whole gas plant will be worth nothing.

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From our special correspondent in Toulon

Spirit of Toulon, are you there? Pending the arrival of the president, we could see a backdrop composed of a large red white blue rectangle surrounded by two rings of gold stars, the emblem of Europe. One way to summarize the message of the President Thursday night: a France supreme in all European refounded. Thursday, Nicolas Sarkozy has said little about the rebuilding of capitalism, the first theme of the speech of Toulon in 2008. This is the rebuilding of Europe was in the spotlight. The head of state wanted to show that France will not return "control of his destiny" after the shock of the crisis, as the fight against deficits and European solidarity.

To reconnect with "trust" and to dispel the "fear", look "face the truth," Sarkozy warned payday loan lenders. This truth, he said, is that of a "new cycle".He reiterated the importance of principles such as non-replacement of an officer and two indicated that they could no longer keep "the same organization of our social protection", or the same "system of work sharing." He preferred to announce a "social summit" in January on these topics.

Allusions to presidential

Another word carefully avoided, that of "federalism." The purpose of the speech was well Toulon to reaffirm the principle of national sovereignty by avoiding the risk of isolation. "We will not control our destiny alone," hammered Nicolas Sarkozy.

The French Union of seed (FSU) also points out that the 16 million paid out last year's wheat, 10 million were paid to farmers, were donated 5 million and $ 1 million to seed a fund of research. The same principle should be applied to this new tax.

Support research in seeds to increase diversity would be the ultimate goal of this law, according to the manufacturers no teletrack payday loan. "We evaluated the research costs of the 71 seed who work on French territory to 200 million euros a year. This is the budget looking for Monsanto alone! We alerted members to the need to collect these funds to continue to have French breeders, not just foreigners in France, "insists Francis Burgaud.

In the first five days of strike by cabin crew of Air France, the company is organized to provide as announced 80% of its flights. The company has temporarily restricted on Saturday morning to 100 passengers the ability of its medium-haul flights Orly. Consequence: passengers can wait a little and minor delays can be saved.

This management method was chosen to avoid having to put down passengers for lack of a sufficient number of hostesses and stewards. "It blocks the flights a minimum. Is completed according to the presentation of the crews as and when. But we have managed so far to complete the flight and make them go as planned, "says the director of Air France at Orly, George Daher. A strategy that annoys some customers. "We were placed on a waiting list by explaining that there was not enough staff.A rip-off in communication because all flights are available at this time, "said one man who was to fly to Toulouse.

About the airport Roissy-Charles de Gaulle, the traffic was in line with forecasts of Air France, which does not exclude any last minute cancellations. It struck ten long-haul flights planned Saturday morning, including flights to New York, Montreal, Los Angeles, Tokyo, Abu Dhabi, Douala. But passengers were warned on Friday. But according to Europe 1, delays begin to accumulate.

In Nice, the third busiest airport in France, three Air France flights were canceled to Paris. Five flights were canceled in Marseille in the direction of Roissy and Orly. In Toulouse three flights were canceled out of fifteen.

The contenders are scrambling acquisition of Yahoo!. The U.S. internet group Google would consider helping a third company or a consortium to finance a takeover of its rival Yahoo!, a source close to the talks, quoted by Bloomberg. Google may not take part himself in a transaction and did not initiate serious negotiations with potential partners, the source said.

Yahoo! is looking for strategic direction since the forced departure of his former boss, Carol Bartz, who was landed in part because the group failed to catch up with Google on the advertising market in line. Google, meanwhile, is sitting on cash of $ 42.6 billion, hence its interest in helping a potential buyer of Yahoo!. And thus strengthen its dominant position.

Neither Yahoo! nor Google have commented on this information.The Wall Street Journal had reported earlier Saturday that Google would consider a takeover offer for Yahoo! and have begun discussions with two private equity investment to help finance the acquisition. However, any operation involving Yahoo! and Google would not fail to attract the attention of the U.S. competition. In 2008, they had already stopped advertising partnership between the two groups.

Chinese Alibaba on the offensive

For weeks, speculation about Yahoo!, which is valued at 20 payday loan online.35 billion dollars (14.5 billion) abound. Microsoft would be combined with the investment fund Silver Lake and a Canadian pension fund to file a joint bid.Several other potential buyers would have emerged, including KKR & Co. and Blackstone Group LP, or Providence Equity Partners, together with a former head of News Corp., Peter Chernin, according to recent rumors that boosted the stock market as Yahoo! .

The attraction of the group in Sunnyvale, California, is to China. Jack Ma, head of the Chinese Internet giant Alibaba, has reaffirmed its "strong interest" to Yahoo! Thursday. He announced that he would leave to meet American partners, in particular investment funds, with whom he could buy the Californian group. Jack Ma intends to soothe U.S. opposition to a possible acquisition of Yahoo! by a Chinese group. The first time he had expressed interest in the American group in early October, the owner of Alibaba aroused strong emotions in the United States.Associations for the protection of personal data concerned have to see the information of U.S. citizens go under foreign flags.

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Fight against poverty, access to clean water, education, health … Target the poorest countries of sub-Saharan Africa while engaging more in North Africa. These are the priorities declined by the French development, according to the 2011 AFD Ifop barometer, conducted in July, against a background of "Arab spring". They are 63% to support the continuation of official development assistance (ODA), despite the crisis and the context of budget restrictions. 77% of them even consider that France should have its own policy in Europe.

Tax on financial transactions

Given that France is the third largest contributor to global. "ODA accounts for 10 billion euros, or nearly 10% of global ODA, while France weighs 5% of global GDP.And the 2012 budget will not be affected by lower public spending, "said Minister of Cooperation Henri de Raincourt. Welcoming the outcome of the investigation that "incites to put development at the heart of the international agenda," the minister said that the G20 Development to be held next Friday in Paris will be a first in this proceeding with three priorities: food security, infrastructure and innovative financing.

Paris has the support of Brazil and several European partners to push the proposed tax on financial transactions, despite the opposition displayed the Anglo-Saxon countries, the United States in mind. "It will take these countries explain to their publics at the same time they lower their ODA they refuse to find new financing.This is an ethical issue, "criticizes the French minister.

If aid is important to the French, they are only 55% find it effective. They are even more severe in the result on the reduction of poverty, the fight against global warming and support for economic growth. Overall 60% believe the French budget enough, young people, however, require a greater commitment.

Respondents also believe that aid should rely more on local actors: communities, civil society organizations, entrepreneurs and NGOs …. The transfer of skills and know-how is considered very important to avoid over-reliance of the States for assistance. Finally, like other years, they want more information on funded projects, their progress and results.

The CAC 40 is close to balance on Monday, gaining 0.22% in the morning at 3102.8 points. After a weekend in the green, the Paris Bourse, however, should be on guard Monday. As in Asia this morning, markets should take the time to analyze the ads the weekend about the future of the single currency and the fate of European banks. On the first issue, Nicolas Sarkozy and Angela Merkel, meeting in Berlin on Sunday pledged to respond "lasting and comprehensive peace" to the crisis in the euro area for the G20 summit in Cannes, 3 and 4 November. Proposals must be made but no details were supplied. "You will see the end of an entire fully functional," promised the Chancellor.The fate of Greece is suspended from his verdict of the Troika, reminded the two leaders.

About the difficulties the European banking sector, Angela Merkel and Nicolas Sarkozy said they were "determined to do whatever it takes to ensure the recapitalization of our banks." The French president also assured that the agreement between the two countries on how and where the process was considered "complete", denying the reports of differences over the use of EFSF to provide the necessary funds. Again, the "details" will be specified later, they promised, even suggesting an EU summit scheduled for October 17 and 18 and a Eurogroup.

Concern persists

In this context of waiting, investors should remain cautious.Especially as other disturbing news on the euro area fell: Fitch has degraded the notes of Spain and Italy and Belgium threat. Decisions that have already sealed the mood on Wall Street Friday, despite good employment figures.

In terms of statistics, the Bank of France reiterated its forecast of growth of 0.1% of the French economy in the third quarter, based on the results of its latest monthly business survey. Moreover, the French industrial production registered a further rise of 0.5% in August compared to July after jumping 1.8% (revised) the previous month, said Monday the National Institute of Statistics ( INSEE). German exports rose more than expected in August, bringing the trade surplus to its highest level since March.The trade surplus adjusted for seasonal variations reached 13.8 billion euros against 10.6 billion euros (revised) in July.

On the currency side, the euro is rising against the greenback at 1.3477 dollar. Oil is also up: a barrel of "light sweet crude" for delivery in November gained 93 cents to 83.91 dollars in Asia, and a barrel of Brent North Sea crude for November delivery was appreciating by 53 cents to 106.41 dollars.

Values ​​to follow

• Dexia (rating suspended)

The Belgian state will take control of all of Dexia Bank Belgium, the Belgian entity of the Dexia Group will be dismantled, for a total of 4 billion euros, the Belgian government said this morning at a conference Press.Belgium will also ensure funding for the future "bad bank" that remain after the dismantling of the Dexia group of up to 60.5%, amounting to 54 billion euros. Trading in Dexia has been suspended since last Thursday.Euronext could not say when the listing would take the title.

• Renault (0.53% to 25.80 euros)

The automaker is expected to announce on Friday a reorganization of the group which will extend the power of its CEO, Carlos Ghosn, Tribune reported Monday.

• Air France-KLM (2.9% to 5.30 euros)

The airline said passenger traffic up 9.3% in September and cargo traffic down 3.4% in September.

• Veolia (0.99% to 10.82 euros)

The service group sold its restructuring investment company Eolfi Asset Management, specializing in the management of funds investing in solar and wind energy, according to La Tribune.

• Dassault Aviation (0.30% to 674 euros)

The aircraft manufacturer (group owner Figaro) yesterday announced a resumption of aircraft orders, which have doubled year on year to 2.065 billion euros.

• Technip (1.20% to 60.71 euros)

The subsidiary Duco has been awarded by Shell Offshore two contracts for field development and Cardamom West Boreas, the Gulf of Mexico.

• Maurel et Prom (1.34% to 12.89 euros)

The group announced that statigraphique wells (drilled with a light fitting) Sab Strat-1A demonstrated the presence of oil on the driver's Sabanero in Colombia.

• Total (0.38% to 35.48 euros)

The inter-union employees of the refinery in Berre l'Etang-(Bouches-du-Rhône) of LyondellBasell, within the scope of a proposed closure, said Saturday at a general meeting is restarted until the end of December, found a corresponding of AFP.

• Artprice (-0.53% to 30.30 euros)

In an interview with Boursica, Thierry Ehrmann, the president of the Lyon-based company, said the groups' relatively young and wealthy "want to capture the potential of the art market in Asia and would think to do with the support of Artprice, for commercial gain or capital.

With the arrival this summer of Qatari investors, Paris Saint-Germain has taken a new dimension to financial, sports and media. The French basketball hopes all things considered, do the same with the return of French players playing in the NBA (American basketball championship). Captain of a team runner-France the last European Championship, Tony Parker "PT" rise, by itself, a popular craze and the media. Thursday, after holding a press conference to announce his arrival in Villeurbanne, "TP" is chained interviews with journalists, specialists, general economic and before finishing the day on the set of 20 hours of TF1. The private channel was made to blow an audience of 6.3 million viewers, "in line with its average of the last month," according to TF1.If the number is not unusual, the presence of Tony Parker on a "20 hours" shows how the return creates interest.

The trademarks "TP" and "Asvel" associate

The club has also Villeurbanne prepared a communication plan for the arrival of "TP". "We have to associate the name" Tony Parker "with that of the Asvel on match tickets and through the sale of products ever created before," said Julien Lepron, marketing director of Asvel. The club has also provided marketing operations at the first game of Tony Parker, Oct. 14 against Paris, his first club … "Two thousand spectators who arrive early at the Astroballe (name of the speaker Villeurbanne ), will receive a jersey "replica" of Tony Parker, "said Julien Lepron, marketing director of Asvel.For this unprecedented meeting, Villeurbanne, whose average attendance last season was about 5,000 spectators (for a 5500-seat hall), aims to play a sold as the next three.

For its part, the official broadcaster of the basketball championship, Sport + (Canal + group) decided to schedule the meeting of Villeurbanne and Paris, while it was not originally planned. Three of five of the first meetings will also be broadcast Asvel including the clash between Nancy and Villeurbanne, the champion title in France which also hosts a French NBA, Nicolas Batum. "As the campaign for subscriptions is not yet closed, we have already recorded more than 1550 subscriptions against 1296 last year, said Jean-Charles Brégeon, general secretary of the basketball club Nancy no fax pay day loan.In terms of sponsorship, we expect revenue of 2 million euros against 1.7 million last year. "

Canal + prefer handball basketball

Still, all broadcasters, clubs and leagues are willing to realize that these returns will not solve the lack of visibility of French basketball. "The return of French NBA should not be the umpteenth buzz around the sport," said Julien Lepron. A discourse that looks suspiciously like the one held in 2000 after France won a silver medal at the Sydney Olympics. Eleven years later, the French basketball has lost ground and seems to have been overtaken by the handball. So much so that the Canal + group intends to make handball "his third team sport on its channels" according to Cyril Linette, Director of Sport Canal +."These words are hard to hear, says a leader of a big French club, who would like the league is looking at the return of basketball on the public channels. But it shows that competition is fierce between sports and we need to make the product "basketball" more attractive ". Didier Domat, a lawyer with Taylor Wessing, which manages the contracts of Tony Parker among others, the solution lies in building new facilities in France. "There is a lack of modern facilities for basketball in France, he says. The current facilities are not consistent with the economic issues inherent in the sport. The clubs are struggling to attract investors because they know they will not earn money by investing in basketball. It is difficult to have an entrepreneurial approach. "

In less than a year of London Olympics

Especially the basketball clubs in France have means significantly lower than their European competitors. "To hope to win the Euroleague (equivalent of the Champions League in basketball), a club must have a budget of 15 to 18 million euros and 10-12000000 if hoping to be included, says Julien Lepron. " The budget for the champion title in France, Nancy, is around 5 million … "The French basketball was exceeded by the demands of professionalism, recognizes Lepron Julien. Leaders must capitalize on the return of the Blues in France. And even more so in less than a year ago the Olympics. " Asvel side, it is hoped that Tony Parker will bring their project to large room.

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The European Central Bank keeps its cool. Faced with signs of recession in the eurozone and while a leading European bank, Dexia, is faltering, the ECB has decided not to ease monetary policy. It has left its main interest rate unchanged at 1.50%. The president of the monetary institution, Jean-Claude Trichet, must explain this decision on Thursday afternoon.

The market demanded a rate cut. "It took into account a lower rate of 0.5", observe the economists Societe Generale. Waiting judged "crazy" by the Luxembourg member of the Governing Council of the ECB, Yves Mersch.

The case for a rate cut was not, however, rule out of hand. Some analysts point to a worrying season looming disaster on the front of the activity in the eurozone."The risks to growth, was talking about last month the President of the European Central Bank Jean-Claude Trichet, materialize," are economists at BNP Paribas CIB. Furthermore, "economic forecasts of the ECB team behind sluggish growth at year end," they add.

Semi-surprise

The inaction of the ECB, however, is only half surprised. Jean-Claude Trichet, whose every word, in its public statements, is weighed, has not hinted in September that the ECB cut rates. Moreover, "the guardian of the euro zone will wait to act to have more evidence that inflation and growth will slow," noted economist of Nomura. Inflation in the euro zone peaked at 3% in September, a point above the objective of the ECB.

Observers expect more on a rate cut later this year."Jean-Claude Trichet is expected to set the stage Thursday in a future rate cut in the next three months," analysts at Nomura advance.

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