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The standoff between Lactalis and Leclerc continues. The retail giant refuses to pass on higher rates charged by the number one dairy. Result: Lactalis not book any more of its brands to stores Leclerc. The first cheese world requires a tariff increase of 11% to pass higher milk prices upstream, or the revisions granted by the distributor are nearly 4%.

Michel-Edouard Leclerc judge price increases requested by Lactalis "excessive," what Lactalis contends that the attitude of Leclerc is "unacceptable." The dialogue between the two groups seems a dead end. Especially as the CEO of Leclerc says the lack of Lactalis products ranging from milk to mozzarella Lactel Galbani, through brands of cheese and butter President, Bridel, Ruby or Company, does not affect the right walking group.The first sign of distribution in France also argues that Lactalis continues to provide a mark of distributors for nearly 250 million euros in business volume, says Les Echos.

The conflict with L'Oreal ended

But Lactalis is not alone in its struggle against the sign, the milk producers themselves have shown this Tuesday at the Paris headquarters of the distribution group to the call of the National Federation of Milk Producers (NPFL) high risk personal loans. In his blog, Eric de La Chesnais, note that the NPFL, the milk industry FNSEA, the main French farmers 'union, "has made contact with the various brands' distribution to explain" the importance of taking into account Higher prices for raw materials. " Producers have obtained, in principle, a meeting with the distributor. A date remains to be determined.

And for the same reasons, some products Ricard no longer appear in store shelves Leclerc, reports Les Echos. After a previous crisis in 2009, Leclerc refuses to pass the rate increases required by the group of wines and spirits. Only one-liter bottle of Ricard continues to be delivered because Ricard obtained for the product to appeal, an increase of 3% of the price.

Earlier this year, L'Oreal was also in conflict with the sign but an agreement was reached.

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Some fifty dairy before the Paris headquarters of Leclerc

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The chic below Chantal Thomass change hands. The Sun Brand Apparel Group, its owner since 1998, sells the brand premium to the group Chantelle. Works just be informed and that of Sun reported Monday a favorable opinion. Only remains to finalize the signing of the founder, Chantal Thomass, who holds 34% stake. It is currently negotiating an agreement to continue to oversee the creation and an option to sell its shares in the next few years. The transaction price is estimated at 6 million.

"It's been ten years that Sun is planning to separate from the brand but had always hitherto encountered opposition from Chantal Thomass, says Luc Genet, elected at Sun CFDT Our group realized that the Luxury was a world apart from ours and not as profitable as retail.They have not occupied the brand and let it sink. "Turnover Chantal Thomass would be increased from 14 million a decade ago to 8 million last year, with a loss of 2 , 1 million. According to the union, the shareholder of Sun for five years, the U.S. fund Sun Capital Partners, "undressing the bride to return the cash before selling the group."

With Chantelle, Chantal Thomass is a partner of choice Faxless payday loans. It is indeed one of the last French lingerie that has not resigned to suffer the inexorable decline of the sector. Employing 6,200 people for a turnover of 340 million euros, he went all-out on the distribution and brand while keeping both plants in France.Together with its claws Chantelle and Passionata, he developed the brand Darjeeling (126 shops in France) and acquired in 2006 Orcanta group Pinault (56 stores), which are already sold products Chantal Thomass.

Private name

The designer to the eternal dark fringe is about to write a new chapter in the eventful life of its brand. After having sold the Japanese group in 1985 World, she had been dismissed and deprived of her name. Then the company was liquidated in 1996. Chantal Thomass was then able to redeem his name and raise its claw with the Sun group, then in the hands of the U.S. Sara Lee. 42 employees will be included by Chantelle as part of the redemption. The elected Dim worried about the activity of other employees who worked in part for Chantal Thomass, one year after the restructuring, the group also Sun, the Playtex brand.

Traffic may be disrupted on Wednesday in major cities and on highways. And the number of taxis in service in town and in stations and airports should be low. Three federations of the profession have in fact called on Wednesday for a national day of action, with operations in snails across the country.

In the Paris area, the rallies were to begin from 6 hours on the A1 at Roissy-Charles de Gaulle, Orly, on the A4 to Marne la Vallee and the ramp to the A15 Franconville before converging to the Field March to 10 hours.

In Toulouse, a procession of 180 taxi drivers from the west of the town and 170 from the south-east of the city went from 6:30 in the direction of downtown. Some parts of the device were paralyzed before 8 o'clock. Access to the airport were also disrupted no fax payday advance.According to the protesters, this mobilization is expected to last up to 11 hours.

Taxis want to attract the attention of government on the increased costs they incur. Their fuel bill became heavier "than 30% over one year" because of soaring raw materials. In this context, taxi drivers lament the lack of compensation for the refund of excise tax on petroleum products. VAT refund from the TIPP was abolished in 2008. They must also bear other expenses, caused by the new regulation that requires them to be equipped with a light signal in the colors more identifiable by users. Taxis also protesting against the competition of passenger cars with driver, they consider unfair.

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"The low-cost taxi soon stopped

The global automotive industry has been particularly affected by the consequences of the earthquake in Japan on March 11. The problems of supply of parts continues to disrupt production lines. And the worst is to come as manufacturers currently still draw on their inventories of components for the shortages. But at this rate, stocks should soon be exhausted. Thus, according to the consulting firm IHS Automotive cited by Les Echos, the peak could be reached in early September, during which 3.4 to 4 million vehicles will not be produced because of supply problems.

In total, throughout the year, the Japanese earthquake could result in the loss of 2 and 3 million compared to 77.6 million vehicles produced per year, according to IHS Automotive.For now, the consulting firm believes that manufacturers could not produce the equivalent of more than 1.5 million vehicles have been produced in response to supply disruptions in supply chains which 1.1 million in Japan.

The magnitude of these shortages can be explained by the importance taken over the years by the electronics in vehicles bad credit payday advance. Electronic systems account for nearly 30% of the cost of manufacturing a car. But the main producers of these components are Japanese and there are few alternative sources of production. For example, Japanese Renesas which manufactures control systems gearboxes, holds nearly 40% market share.

Return to normal until 2012

Once past the peak, automakers will try to work extra hard to regain the level of production prior to the disaster even at higher levels to meet demand and replenish their stocks. But nothing says that the factories will be able to keep pace. In fact, the capacities of production lines are limited. On the other hand, the collapse of the automobile demand in Japan could encourage manufacturers to be cautious.

Thus, the groups should take time to catch up with the volumes that have been lost following the disaster of 11 March. Some analysts believe the situation should not be completely restored until 2012.

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For the second consecutive year, neither the first nor May 8 to do the bridge in 2011! Labor Day and the commemoration of the armistice of 1945 had fallen on Saturdays last year and this time it's a Sunday.

The timing, thus depriving the French of long weekends or days off, he is at least good for growth? "Sure, in theory, the more days worked, the more activity, purchases, consumption, etc.. There is an effect on the raw data, "said Vladimir Passeron, Division Chief of the quarterly to the INSEE. In fact, France will work more during the month of May, which did not include bank holiday week, the production system will run more than a year so classic.

But it will not be visible in the figures for second quarter growth to be published this summer.Because the National Institute of Statistics and Economic Studies anticipates and smooth the data "in the discipline of working days" and structural effects, says the expert.

Three Saturdays worth a weekday

This correction is not performed when calculating annual growth. Therefore, the sum of the quarterly is not equivalent to the annual accounts! However, it should not be a macroeconomic impact on GDP 2011, relative to GDP 2010. Last year there were 254 days of the week (Monday-Friday) working, there will be only 253 this year. But if the May 1, 8 May 2011 and Christmas fall on a Sunday, the holiday fell on a Saturday in 2010. Gold worked three Saturdays "compensate" a weekday break, says a study by the INSEE.

The timetable "should not impact the annual growth between 2010 and 2011," concludes INSEE.At best, it would have a positive impact of 0.06 percentage point of GDP, at worst a negative point of 0.06. Only the thickness of the line!

Nevertheless, there are years when the holidays can impact less significant. "The growth differential can be up to 1 tenth of a point or more, is Nicolas Bouzou, economist at Asterès. We also know that the years with few working days result in distributional effects across sectors, to the detriment of the industry by example and benefit from tourism. "That will not happen this year.

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"In 2011, the month of May will be no holiday

Whether employers or unions, the measure does not satisfy anybody! As for companies with more than 50 employees, there is consternation: the premium required will be "a further complication for companies that create jobs in France", do we denounce the MEDEF. Where there is no lack of argument: "Businesses from 50 to 500 people are those shareholders who need to grow, it is firms that are missing in France, it is companies that need capital to pay."

The president of CroissancePlus Frederick Bedin, think "good on the merits, not the property on the form" of the measure, which denotes him as a "simplistic view of the company." It would be far "more beneficial for the development of growth, the State engages in a genuine and lasting reduction of payroll taxes, which would favor an increase in net wages of employees."

Conversely, in smaller companies, where the premium will not be binding, but rather relief. CGPME even speaks of "good news" while deploring that "a small business of 51 employees distributed dividends is subject to the same constraints as a global company in the CAC 40!".

As usual, the unions showed their displeasure – with varying degrees of virulence, however. Francois Chereque, secretary general of the CFDT, called a "mistake" the principle of a mandatory premium in large firms, certain that it would "divide the employees, limiting wage increases, and constitute a" gift, a windfall "to the employers who receive relief cash advance. His counterpart at FOR, Jean-Claude Mailly, spoke of a "announcement effect", lamenting a "gas factory" even though "full of employees will have nothing.""The smartest bosses may repurchase shares to avoid n'augmentent dividends," he said on LCI.

"No obligation of result"

CGT denounced "improvisation" and "attempts electioneering" government facing a "real problem of purchasing power." She also regrets that there is "no obligation of result" of negotiations.

The CFTC has "welcomed" the Government's concern for an "equitable sharing of the wealth produced in the business," but hoped that "all companies" are concerned. As for the CFE-CGC, she has "taken note of the will" of the government, preventing it deems appropriate time the effects of this "yet another mechanism that can be used to plug the holes in the racket of sharing value added. " He concluded: "Nothing replaces the perennial wage measures".

Encouraging indicators supported the U.S. stock indices and overshadowed the disappointing results posted by Google and Bank of America.

According to government statistics, the underlying inflation remained contained in March, while the monthly survey from the University of Michigan and Thomson Reuters has shown that consumer morale rose more than expected in April.

"I am surprised that the market will continue as well, after Google and Bank of America," said Randall Warren Warren Financial Services, "but the world is happy with the figures for consumer prices."

The Dow Jones gained 0.46%, 56.68 points to 12,341.83, the S & P 500, very popular with fund managers, took 5.16 points, 0.39%, to 1319.68 . As for the Nasdaq, it was up 0.16%, 4.43 points at 2764.65.

For the week, the Dow fell 0.3%, the S & P 500 and Nasdaq 0.6%.

The announcement of results from Google, after-hours trading Thursday, has frightened investors due to a sharp increase in spending group in the first quarter. The jump in sales over the same period could not allay their fears and the stock closed on a fall of 8.23% to 530.70 dollars.

However Bank of America, which released before the opening, shows a decrease of 2.26% to 12.81 dollars.

Consumer prices, wages and industrial production …

The macroeconomic agenda was charged Friday: while being held in Washington, the second G20 meeting, where finance ministers debate the raw materials and global economic disorder, indicators released Friday were more reassuring, particularly with respect for inflation, current concern for markets.The consumer prices in the United States have maintained their strong growth in March, but according to the forecast of analysts. Excluding food and energy, inflation is called base stood at 0.1% in March compared to the previous month. The index of consumer prices grew 2.7% year on year. "Inflation remains moderate in the U.S.," commented Kimberly Dubord, from Briefing.com.

On the currency side, the dollar went back against the euro, the single currency bending under the weight of persistent speculation about a restructuring of the Greek debt. About 11:00 am in Paris, the euro bought 1.4448 dollars against 1.4488 dollars on Thursday night.Monday and Wednesday, the European single currency reached 1.4520 dollars, its highest since Jan. 14, 2010.

The financial sector heckled

As for values, the financial sector was the most penalized this week after an accumulation of bad news on Wednesday, the publication of JPMorgan Chase was a disappointment, especially, said Christian Parisot at Aurel BGC, because of "low increase the distribution of credit in the quarter and the poor performance of retail banking scandal affected by foreclosures. "

Other disturbing news has accumulated: the cost of foreclosures looks up sharply. GoldmanSachs downgraded the sector of U.S. banks. And, according to the Wall Street Journal, U.S. authorities are investigating the manipulation by the big banks during the crisis.Meanwhile, a Senate report has already questioned the functioning of the financial system in 2008. "From 2006-2007, Goldman Sachs has sold some CDOs to investors in Europe and Asia because those instruments could not find takers in the U.S. market," analysts summarize Aurel BGC.

Bank of America and Mattel to menu

It is in this tense environment that Bank of America filed this Friday its first quarter results. The largest U.S. bank by assets, posted a profit of $ 1.7 billion for the first quarter, down 39% over a year and below expectations, continuing to suffer from the mortgage and legal fees high.

Mattel also sacrificed in the exercise.The U.S. toy maker Mattel saw its net profit by 33% melting in the first quarter to 16.6 million, due to higher administrative costs and overhead, but the result is in line with market expectations. The stock gained 4.12% to 26.80 dollars.

Changes to the capital in the Jean-Paul Gaultier. Hermes acknowledged Friday in a terse statement, it was in talks to sell its 45% stake in fashion house, without naming names. In addition, the group does not specify whether this item is a part or all of its shares.

Entered the capital of Jean-Paul Gaultier in 1989, Hermes has recently distanced himself from the fashion house. A few months after the death of Jean-Louis Dumas, Jean-Paul Gaultier has indeed been replaced by Christophe Lemaire at the head of the Hermes collection ready-Wear he drew for seven years. "No synergy has been cleared between the two companies," says Les Echos published on Friday.

The house Jean-Paul Gauthier seeks to raise funds to finance its development, also understands Les Echos.The lighthouse designer, owner of the remaining 55% stake, has a mandate to store consultancy M & Finance Aforge for "a mission of reflection on strategic developments of the group.

Hermes, PPR and foreign groups in the breach

Among the options considered, the designer might also, lowering its stake but it should keep the artistic direction of the house he founded in 1982. French houses as PPR might be interested, according to Les Echos, but also foreign groups that would facilitate the strengthening of the brand internationally, particularly in Asia.

Recovery discussed

The valuation of the house Gauthier is discussed: from tens of millions and hundreds of millions.The house would have recorded a total turnover of 22.5 million euros in 2009, a fall of 19% over the previous year. The decline was particularly strong internationally (-31%). The house has recorded an operating loss of 3.6 million euros, against a weak positive result of EUR 271 645 in 2008.

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Faced with rising rents in France, it becomes difficult for the student accommodation. AFEV (Association of the student foundation for the city), an association of student volunteers who fight against inequalities in income neighborhoods, has been working on this issue. It launched a program that offers student groups, in return for a roommate in very affordable prices, to participate in a common social vision. This program is called KAPS "Koloc A. Projects in solidarity"

In September 2010, the mayor of Toulouse has made available ten students four T3/T4 type apartments, provided they spend a few hours a week in entertainment cultural workshops, or coaching youth in difficulty .Students share the old staff accommodation which the city owns and rents paid monthly CROUS (Regional Centre for University and School) amounted to 272.42 euros (141 to 182 euros after deduction of aid housing). The project is supported by the bank BNP Paribas participant KAPS at € 150,000 and shall be directly liable, allowing students to access at no additional cost to collocations.

Roommate: a method that works

"Although Toulouse was one of the cheapest cities in France, the housing market begins to be saturated," said Stephanie Arnold of the town hall of the "pink city". "An increasing number of students is therefore preferred to collocation. This allows them to make more new friends. "The analysis of the motivations of students, which was conducted among volunteers AFEV shows "both a strong desire to participate in an action 'good' socially and a desire to learn for themselves," says the press release KAPS project.

Furthermore Toulouse, Poitiers and Paris have also tried. Through a partnership with the Foundation AFEV Poitiers University and the social landlord Logiparc, 12 students occupied T4 4 apartments in two districts of Poitiers for a rent amounting to 285 euros each (housing not deducted) same day payday loans. In Paris, five students, including volunteers AFEV are housed in a residence of the Studentenwerk, including three singles and two in collcation in an apartment.In exchange for a rent of 350 to 380 euros per month, they are five hours per week involved in projects in the area of ​​the roundabout of the Chapel, where there is a high concentration of social housing.

Convincing results

In the capital, the city less affordable for students, AFEV, the Studentenwerk and SIEMP (Society of the mixed economy of the city of Paris) work to the lineup from 40 to 50 units dedicated to the roommate. "But we are still awaiting the response of social landlords. Nothing is certain at this stage with regard to these apartments. But we know that CROUS participate in KAPS next year through the apartments and rooms available to students, "Tiffany relativizes Koechlin, territorial delegate AFEV Paris.Laurie Hay, in charge of local development association AFEV Poitiers, gives more otpimistes figures: the number of units for the project KAPS in this city will double the autumn of 2011.

The Toulouse experience so far remains a single case in France, because it is housing, which owns the Town Hall. This facilitates all administrative procedures for obtaining housing and avoid going through intermediary structures. Other cities such as Bordeaux and Perpignan have already started looking for apartments in vacant city in order to transform it into the collocation projects KAPS, according to the association.

At the opening of U.S. stock markets, the Dow Jones advance of 0.73% at 11,947 points, the Standard & Poor's 500 and Nasdaq 100 rise respectively from 1.09% to 1293 points and 1.29% to 2678 points. A new session is so bullish on. Already on Friday, U.S. markets had ended the week up, encouraged by a cease-fire announced while in Libya, easing social measures taken by Saudi Arabia, by King Abdullah, but also by the intervention fighting the Japanese authorities in Fukushima.

On Monday, despite the military intervention in Libya, the relative stability of oil and the rather encouraging information from Japan, where the authorities seem to regain control of the plant in Fukushima, tend to support the rebound.A general rebound in markets, on both sides of the Atlantic, jusqu'enAsie, except in Tokyo, where the stock exchange was closed on Monday due to holiday.

Side of macroeconomic indicators, this week will be placed under the sign of U.S. housing, with, today, sales of existing homes, expected to 15 hours. "Sales are expected to remain weak in February, analysts said Aurel BGC. The construction sector remains a concern for the Fed. "

If durable goods orders (Thursday) "should enjoy a rebound in orders for machine tools and aviation. In contrast, consumer confidence could be affected by recent events, including the nuclear risk to Japan, which occupied a prominent place in the American media these days, "said Will we at Aurel BGC.

AT & T and AIG in focus.GM, Caterpillar and Apple penalized by Japan.

On the corporate side, the U.S. Treasury Department announced Monday it would begin this month to bring to market its portfolio of securitized mortgages guaranteed by Fannie Mae and Freddie Mac, valued at $ 142 billion.

On Friday, the Federal Reserve has conducted a new set of stress tests on the 19 largest U.S. banks. If the results of these tests have not been disclosed, they, however, already possible to allow some of these institutions to distribute or raise their dividends.Like Wells Fargo, JPMorgan, Citigroup and this Monday (2.44% to 4.61 dollars).

the telephone company AT & T (1.03% to 26.48 dollars) will buy its German rival Deutsche Telekom's U.S. mobile phone subsidiary T-Mobile USA for about $ 39 billion (25 billion in cash). A strategic transaction that will create the first U.S. mobile operator Verizon before. Deutsche Telekom, meanwhile, will benefit to pay off debt.Part of the proceeds will also be devoted to buybacks, "said Franklin Pichard, director of Barclays stock.

AIG (American International Group: 2.32% to 35.76 U.S. dollars) expected that banks submit bids on mortgage-backed securities that it proposes to redeem the U.S. state of 15.7 billion, the Wall Street Journal, citing the insurer's CEO Robert Benmosche.

Eli Lilly (+0.44% to 34.63 dollars), faced with sales at half mast because of competition and the expiration of certain patents, will not merge with another pharmaceutical company to get through this bad patch has said Saturday its chief executive John Lechleitr.

Broadcom (0.45% to 39.85 dollars) for its part in the day announcing the purchase of specialist Israeli bullets Provigent 300 to $ 400 million, understands the financial site TheMarker. This would be the eighth acquisition of semiconductor firm in Israel, adds the site.

General Electric (2.39% to 19.71 dollars) has also defended on Friday its type reactor Mark 1, designed 40 years ago and that the Japanese central team of Fukushima. It equips five of six units of the Japanese central, where the cooling system was damaged by the earthquake and subsequent tsunami on 11 March.

Other companies could become victims of the events in Japan. General Motors (1.38% to 32.29 dollars) will close its plant Louisiane.Apple (2.04% to 337.41 dollars) fear of stockouts on its iPad 2, launched this week in France.Caterpillar could also be a victim of difficulties in its Japanese factories.

Finally, Google (1.98% to 572.19 dollars) aroused the attention Monday. For at least two reasons: in France, Google has fined 100,000 euros, accused of having "hijacked" the French personal data via wi-fi. The world's leading search engines also believes that the Chinese government is currently blocking access to Gmail, many users had complained, China, dysfunction.