As a result, the company decided last June to associate with a single operator, SFR, for the management of its telecom corners. Last night, Alexandre Bompard, CEO of Fnac and Frank Esser, CEO of SFR, inaugurated the new sales concept to the Fnac in Paris CNIT La Défense. This is the first to rock and eventually all the rays of the 80 mobile Fnac become "SFR space." "We hope to sell 200,000 lines via Fnac stores a year," said Frank Esser.

Specifically, the client who wants to buy a mobile Internet subscription, a fixed line, access to fiber optics as well as terminals or incidental to the Fnac will head to the "corner" SFR located within the store. It will be supported by advisers SFR, distributing only offers from this operator. The sales force, merchandising, and information systems of these areas will be managed by SFR. The operator will share the revenue with the Fnac. In return, Fnac provides SFR with prime locations in city centers and suburbs.

SFR 500 vendors

After the first opening in November in the Fnac of Sainte-Geneviève-des-Bois, Portet-sur-Garonne, Herblay, Annemasse and Paris la Défense, five new spaces will be installed in Fnac by Christmas in Velizy II Créteil, Nantes, Bordeaux and Parly II.

The agency believes that financial services' growth prospects are uncertain "because of" increasing risks "facing the economy. The agency referred in particular to "the incomplete reform of the labor market will continue to hinder economic recovery." In the view of S & P, Spain could fall into recession next year, with GDP expected down 0 guaranteed pay day loans.5%.

The fragility of the financial system is also the Achilles heel of the fourth largest economy in the eurozone.S & P is concerned and "a probable further deterioration of asset quality of the Spanish financial system."

The agency also questioned the budgetary targets of the Zapatero government. The Spanish public deficit forecast at 6.2% of GDP for 2011 could be exceeded. As for reducing the deficit to 4.4% of GDP in 2012, it will not be possible without "additional measures".

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Slovakia is the only one of 17 countries in the euro area has not ratified the agreement of July 21 the European governments, which plans to give the EFSF new powers including increasing its lending capacity to 440 billion euros.Bratislava, however, raised the possibility of a second vote in Parliament, in which the opposition Social Democrats would support the strengthening of EFSF, but no date has been set for the eventual election.

Regarding the Greek case, the inspectors of the "troika" announced Tuesday it had completed their assessment of the austerity measures taken by Greece. These must still be endorsed by the euro area and the IMF, which should allow Athens to receive a new tranche of aid in early November. But nothing is less certain. The IMF is more pessimistic about the future of Greece. "The recession will be deeper than anticipated in June and a recovery is now expected that from 2013," said he.

The results of Alcoa concern

Another source of pessimism: Alcoa, which sent a new signal concern on global growth.The largest U.S. aluminum, opening the ball across the Atlantic Publications, reported Tuesday a quarterly profit below expectations. Group CEO, Klaus Kleinfeld, anticipates slower growth until the end of the year.

Also in the commodities sector, the Organization of Petroleum Exporting Countries (OPEC) also gave evidence of a slowdown in the global economy by scaling back its forecast for global demand for crude in 2011 and 2012 for the third consecutive month. The barrel of "light sweet crude" for November delivery lost $ 1.04 in electronic trading this morning at 84.77 dollars. Barrel of Brent North Sea crude for November delivery gave 74 cents to 109.99 dollars.

As for currencies, the euro stabilized against the greenback despite the Slovak vote.The single currency is worth 1.3630 dollars this morning.

In France, INSEE has announced that consumer prices fell by 0.1% in September from the previous month and rose 2.2% year on year. Industrial production in the euro area will be known by late morning.

Values ​​to follow

Natixis (-2.81% to 2.35 euros), Dexia (0.14% to 0.81 euros)

Fitch affirmed the A + Group BCPE (People's Bank – Savings Bank) and its subsidiary Natixis. The agency also announced it has lowered the long-term rating of Dexia Bank Belgium from A + to A and affirmed the rating of Dexia to A +.

Credit Agricole (-1.60% to 5.35 euros), BNP Paribas (0.80% to 33.71 euros), Natixis (-3.47% to 2.34 euros)

The Societe Generale analyst lowered his recommendation to buy to keep on Credit Agricole with a target price of 5.5 euros and noted its board to keep BNP Paribas to purchase with a target price of 37 euros.The analyst went on sale on Natixis with a target price of 5.6 euros.

ArcelorMittal (-1.29% to 13.82 euros)

The group could be affected by the release of disappointing Alcoa.

Vilmorin (-0.55% to 72.80 euros)

The group is a slight decline in organic growth of the new fiscal year 2011-2012 due to uncertain economic conditions and the impact of weather in the summer of his crops of maize seed.

Transgene (-1.85% to 7.97 euros)

The group intends to continue the clinical development of its TG4040 against hepatitis C infection, the drug has met its primary efficacy endpoint in spite of severe side effects.

Plastic Omnium (-1.64% A17, 99 euros)

Plastic Omnium Auto Exterior, 100% subsidiary of Compagnie Plastic Omnium, has signed an agreement for the acquisition of 100% Plastal Poland."This agreement is subject to the approval of competition authorities of Poland," the group wrote in a statement.

Areva (-2.13% to 22.02 euros)

Luc Oursel, CEO of the group, will be heard at 10 am by the Economic Affairs Committee of the National Assembly. According to a parliamentary report stage, the nuclear expert may have to include new provisions in its accounts to meet the costs of the Finnish EPR.

Foncière Paris France (0.50% to 100.50 euros)

The Board of Directors of Foncière Paris France (FPF) on Wednesday rejected the takeover offer filed by October 7 Paris Vaugirard Hotels Roissy (PHRV).31.4% owned by Allianz, 31.4% and 31.1% Covéa Cofitem-COFIMUR, PHRV offer 100 euros per share, a premium of about 8% to the closing price the day before the offer .

Lagardère (-1.16% to 19.17 euros), EADS (-2.19% to 21.92 euros)

According to BFM on Wednesday, Arnaud Lagardère began to establish conditions to lead the board of the group.It gives Airbus souhiate real certainty about the development of the A350 program.

NextRadioTV radio (-1.8% to 10.85 euros)

HSBC raised its recommendation on Wednesday as underweight to overweight, preferring that value to NRJ.

Air France-KLM (-1.28% to 5.30 euros)

Transport Minister Thierry Mariani implicitly confirmed Wednesday the next appointment of Alexander Juniac, former chief of staff Christine Lagarde at the Ministry of Finance, the General Manager of the airline.

Ipsos (0.75% to 25.49 euros)

The French specialist market research has completed the acquisition of British rival Synovate, based on an enterprise value (including debt) of 525 million pounds (596 million), he announced Wednesday.

Casino has released its sales for the third quarter after-hours trading.

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It has set a goal of doubling within ten to fifteen years, the number of consumers worldwide, reaching 2 billion. "The United States will be the third largest contributor of new customers, behind China and India, but ahead of Brazil and Pakistan, provides Rozé Frederick, head of L'Oréal States. This will be the only mature market among the top ten contributors. "

L'Oréal already has 160 million consumers in the United States and would like to win 70 million more, to achieve 1.6 billion euros in annual sales by an additional ten to fifteen years."These additional sales will be higher than those from China," according to Frederic Rozé. Loréalienne this ambition "is not an official target, said cautiously Jean-Paul Agon, CEO of the group. Rather, it is a dream. But dreams are important in business. " L'Oréal United States, the 10,500 employees are mobilized to turn this "dream" into reality. And benefit from the successful relaunch of the subsidiary. After two years of decline, its sales went back up 6.1% last year, reaching 4.779 billion dollars, a record.

The scope for growth remains high online pay day loans. While the market share of L'Oréal approach 20% in Europe, it is only 13.1% in the U.S., where the group is preceded by Procter & Gamble (Pantene, Olay, SK II, Cover Girl , Gucci …).Its leaders would like to double it.

Men and seduced the Hispanic community

L'Oreal teams have identified specific categories of population potential, age, gender and income. If 78% of women are consumers of L'Oréal in the United States, one in two Americans do not consume products home.

The group will particularly try to win men and women of the Hispanic community. It also relies on a sales growth in product categories where it is still low. Its market share is 53% of color and 35% on makeup, but only 11% in shampoos and 17% in skin care. To continue to grow overseas, L'Oreal has its U.S. brands (Maybelline, Redken, Ralph Lauren, Kiehl's …), which represent 20% of its worldwide turnover … but 35% in the United States.

The group could also carry out acquisitions. Last year, he bought Essie, a small brand of nail polish, so far mainly distributed in shops manicure. "Since we sell in supermarkets, U.S. sales have tripled, provides Damien Bertrand, head of global brand. Our market share reached 10% after a few months. "Essie will land soon in France at Monoprix.

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Announced tonight the death of the charismatic leader will Apple does the same concerns in the markets? It is no surprise to Apple's shareholders. The charismatic leader had prepared his departure, giving the reins of his company to Tim Cook. But his death marks indeed the end of an era for the firm at the apple.

Thursday morning, investors still seem uncertain: New York, the title is almost stable at the opening to 377 dollars (-0.33%). But in Frankfurt, where the action is also listed, the decline is more pronounced: just after 12 o'clock, the title loses 2.75% to 272.51 euros after touching a low of 270.50 euros.

The title after the stand 4S iPhone

Steve Jobs as a CEO was not like the others. Associated with the image of the company he co-founded, he was also in stock bad credit personal loan lenders. Apple has become the first in the world market capitalization, elbow to elbow with Exxon Mobil.

As Steve Jobs made Apple, Steve Jobs's health was reflected in the title. Suffering from cancer since 2004, the group leader had to leave several times, until he left there just over a month, on August 25. Each announcement related to his health problems, the markets feared for the future of the group and the title suffered large fluctuations.

Two days ago, the title fell by 5% during the session along with the presentation of the 4S iPhone. The latest version of Apple's flagship phone, slightly different from the previous one, was disappointed the markets, hoping to iPhone 5.But the title was returned to the balance at the end of the session and finished on a moderate loss of 0.56% to 372.50 dollars. Sign that investors want to believe in the capacity of Tim Cook to keep the group at the top.

The state is primarily responsible for this increase. His contribution has indeed increased in the second quarter of 52.6 billion euros. "This is essentially its long-term marketable debt," said INSEE. Clearly, these are bonds issued by the state to investors and repayable on a long horizon (ten years). However, local governments have reduced their debt by 2.7 billion euros, and the government social security declined 2.3 billion.

Loans to Portugal and Ireland as part of the bailout in the euro area weighed 2 credit report.4 billion euros (1.6 billion for the first 0.8 billion for the second). Conversely, the French car manufacturers have paid up to € 2 billion loans at the height of the crisis, in 2009.

Reduce government debt returns to stop a ship at full speed. The effect of inertia is such that it takes time-years-in order to stop its progression. The government intends to reduce the amount of debt in the coming years. It will peak at 87.4% of GDP at end 2012 and to decline 87.3% in 2013, 86.2% in 2014 and 84.1% in 2015.

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The progresison remains very cautious. U.S. operators, like their counterparts in Europe and Asia, remain very concerned about the issue of sovereign debt in Europe. They fear a contagion to other countries considered fragile in the euro area.The decision of Standard & Poor's lowered by one notch to "A +" to "A" note of Italy, due to low growth prospects, has just added to the failure of the meeting this weekend of European Ministers of Finance have failed to agree on a new loan to Greece, still under the threat of default.

The question of the future of Greece will remain central today. In Athens, after an initial conference call Monday night, a new meeting between the Greek Finance Minister Evangelos Venizelos and representatives of the troika of the country's creditors, European Commission, European Central Bank and International Monetary Fund, to be held tonight . Their verdict depends on the payment in October of $ 8 billion from the loan made last year in the euro area country and the IMF.Manna vital for the country to the brink of bankruptcy.

Pending around the Fed meeting

Hopes for recovery of the market, worried about the economic downturn hitting the United States and Europe, are now placed in the meeting of the Federal Reserve (Fed) which starts today and will end tomorrow.

The fears are in fact more and more vivid on the other side of the Atlantic, where Barack Obama announced a plan to further reduce the deficit of 3000 billion Monday, financed half by an increase in taxes for the rich, did not produce any relief.

On the macroeconomic front, the U.S., housing construction has increased its decline in August, falling to its lowest level since May, according to official figures published Tuesday in Washington.

Mergers and acquisitions continue

The side of values, the French computer group Bull and American Technologies CA (0.09% to 21.24 dollars) Tuesday announced an alliance to facilitate the switching of heterogeneous enterprise IT infrastructures to the Internet and the "cloud" ( cloud computing).

The Internet giant Google (-0.10% to 546.12 dollars) bought DailyDeal, German site group purchasing established in 2009 business cards design. Google, which offers this service for U.S. consumers, seeking to expand its presence outside the United States to reach the largest number of users and compete with its rivals in the field as Groupon.The amount of the acquisition were not disclosed.

The U.S. stock market watchdog, the Securities and Exchange Commission (SEC) encourages U.S. companies to transparency regarding their income abroad, reports the Financial Times. The SEC, which has made this his new battle cry, drew particular groups such as Dow Chemical (-0.73% to 27.54 dollars) or Caterpillar (-0.28% to 84.36 dollars) share more information with investors.

After the close of Wall Street, Air Products (0.10% to 81.66 dollars) has announced a new share repurchase program of $ 1 billion.

The mergers and acquisitions also continue to multiply.According to reports the Times, Blackstone (-0.45% to 13.26 dollars) would buy with Prestige Brands of America (-0.73% to 9.46 dollars), a portfolio of non-prescription drugs worth £ 2 billion, owned by GlaxoSmithKline (0.07% to 41.54 dollars).

Jazz Pharmaceuticals Inc. (0.90% to 44.13 dollars) and Azur Pharma Ltd. (will merge to create Jazz Pharmaceuticals Plc, a pharmaceutical company based in Ireland and listed on NASDAQ.

Also in the pharmaceutical sector, Varian Medical Systems (1.16% to 53.05 dollars) will buy Calypso Medical Technologies, a company specializing in monitoring tumors during operations radiosurgery and radiotherapy for $ 10 million and contingent payments.

However, ConAgra Foods (0.21% to 23.44 dollars) withdrew its offer of Ralcorp Holdings (-0.23% to 75.06 dollars) due to "lack of constructive dialogue with Ralcorp."

Others are preparing to pass the act as Home Properties (-5.61 to 58.70 dollars) will conduct a capital increase of 5.25 million additional shares to finance "its external growth and new real estate development projects. "

Also note, a Court of Appeal in the United States lifted a court order blocking the payment of compensation of $ 18 billion by Chevron (-0.69% to 98.03 dollars) for environmental damage in the Amazon.

In addition, three complaints were filed against IBM (+0.11% to 173.32 dollars) from the European competition authorities, including one by a French company, have been abandoned, it was reported on Tuesday the European Commission.

The market for sports rights is held by three giants. IMG, the world, which weighs about 1.5 billion euros of turnover, is owned by Forstmann Little and the fund would be about to be sold. The world number two with Infront is 600 million euros in turnover with, the key, an estimated gross operating margin from 10% to 15%. It beats out number three, Sportfive, bought in 2006 by the Lagardère Group for 865 million euros.Sportfive is clearly slowing, and in 2010, its activity dropped by 23% to 396 million euros.

"Infront's activity is divided into four more or less equivalent. Football with the rights of the German, Italian League (Lega Calcio) and the rights of big clubs like AC Milan, Schalke 04 and Werder Bremen. Then there are winter sports, such as [events of] the International Ski Federation, or [of] the International Federation of ice hockey. And summer sports such as volleyball, handball and basketball in China. Finally, Infront carries the audiovisual production of major events in human as well as World Cup football and the championship of France Ligue 1, "said Robert Xavier, a partner at Bridgepoint in Paris no checking account payday advance.

For an investment fund, Infront has some nice features.About 80% of its turnover is earned from January 1 and the rate of renewal of contracts with rights holders to 90%. In addition, the fund has this job because it has the past five years the Spanish company Dorna, which manages the Grand Prix motorcycle.

Disintermediation

The global market for sports rights is estimated at $ 121 billion in 2011 and that of media rights and sponsorship is $ 56 billion. If the market is still growing at a rate of 4 to 5% a year, it faces a disintermediation. "The leading licensors such as UEFA, FIFA, the International Olympic Committee have the means to directly sell their rights," says Robert Xavier.

However, Bridgepoint estimates that there are significant growth drivers for Infront. Geographically first.Very presence in Europe and Asia, Infront has yet to conquer Great Britain and South America, a continent with very dynamic football World Cup 2014 and Olympics 2016 in Brazil.

The progressive development of human-related internet sports is another area of ​​growth. Finally, Bridgepoint does not hide that he may run when the throw-in sports rights held by Sportfive far as the African Cup of Nations.

In Tokyo, the Nikkei has started on the day down 0.89% and has cut its losses during the day.At closing, he gave up 1.21% to 8950.74 points, plunging below 9,000 points reached Thursday. The Topix, wider, has sold 1.09% to 769.78 points. In addition to disturbing signs in the U.S., traders took the opportunity to take profits after six consecutive sessions of gains. Side values, the technology sector, which had supported the coast yesterday, is now under attack. Sony lost 4.30%, 5.12% TDK, Sharp 1.57%. Toyota and Honda respectively lost 1.74% and 2.35% after poor sales figures in the United States.

Note also in Japan the establishment of the new government. The new prime minister, Yoshihiko Noda, awarded the finance portfolio to a member relative novice, Jun Azumi, 49, and former host of the public broadcaster NHK low fee payday advance. Yoshio Hachiro, a former member of the Social Democratic Party, was appointed Minister of Commerce.Motohisa Furukawa, a former adviser to the Ministry of Finance, will be economy minister.

In Hong Kong, the Hang Seng lost 1.32%. The Internet sector is also battered the image of Lenovo (-1.53%) and Alibaba.com (-2.37%). In Shanghai, the Shanghai Composite was down 1.28%. In Hong Kong,

In Korea, the Kospi drops 0.82%. The S & P Australian loose 1.42%, weighed down by mining. BHP, trucks from the coast, losing 1.83% while Rio Tinto was down 1.26%. Only the Indian Sensex remains in the green, up 0.63%.

Oil mixed

Oil prices were mixed on their part Friday morning in electronic trading in Asia, where the market wait before issuing the monthly report on employment in the United States, and while approaching the U.S. coast the violent disturbance, Katia.In the Gulf of Mexico, which supplies a quarter of the production of black gold in the United States, BP, ExxonMobil and Royal Dutch Shell began evacuating their staff from oil platforms. In morning trading, a barrel of "light sweet crude" for delivery in October lost 2 cents to 88.91 dollars per barrel of Brent North Sea crude for October delivery gained 19 cents to 114.48 dollars.

These agreements clarify the relationships that must maintain the two groups. They should focus on "the pursuit of optimizing the EPR, increased maintenance of the park" or "strengthening industrial cooperation on the storage of radioactive waste."

These agreements will be "historic in some ways," said Eric Besson on France Inter and will "ensure consistency throughout the French nuclear industry."

"A willingness to cooperate more»

A fourth agreement should include the development of medium-power reactor Atmea which EDF would not participate. The date of its signature was not specified by Eric Besson, but it should occur in September. Which will complete the strategic partnership, called by President Nicolas Sarkozy in July 2010.

According to the Tribune, other issues will be discussed later, as the organization of supply for export or supply in the long-term uranium for EDF. In the latter case, a stake of the electrician in the future subsidiary of Areva mines will be considered. The hypothesis is "neither foreseen nor ruled out," according to Eric Besson."There is a current subsidiary of the Areva mining activity that had been recorded and we will see who will enter the capital," he said.

The latter, however, said on France Inter does not "feel" at Henri Proglio will "particular" to enter the capital of Areva. "I feel from Proglio a willingness to cooperate more with Areva, what we today RECORDED agreements very important, but I do not feel particular pressure at home to enter the capital of Areva" said he.

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