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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

"Leclerc: Dairy show

The Paris Bourse started the week with no major trend. After an opening down slightly from 0.29% to the image of Asian stock markets this Monday morning, the Cac back in the green but very moderately. At mid-session, he won 0.10% to 3954.86 points. Today, the London hotel market is closed while Wall Street will not open either and will celebrate Memorial Day (as every last Monday in May). The Cac 40, which had ended the week on a nice increase of 0.86%, managed to climb to 3950 points on Friday night.

This Monday, we will particularly impact that will follow the announcement by Germany to close its last nuclear reactors by 2022. The country became the first industrial power to abandon atomic energy.Already in China, the values ​​related to coal soared when he appears as the best vehicle for investment, better than solar or wind power in the future.

European side, the news is charged. The Greek Finance Minister George Papaconstantinou said was confident Sunday in the payment of the next tranche of EU-IMF loan to avoid bankruptcy for rejecting an article of the German weekly Der Spiegelmettant doubt this release. Note that the Athenians flocked in their thousands on Sunday night in the central square of the capital, before the parliament, the fifth day of a successful mobilization against austerity, modeled on the Spanish "Indignant".

Ireland, she may have to request a new loan to the European Union and the International Monetary Fund if it fails to return on the bond market to raise funds next year, said Minister of Transportation the columns of The Sunday Times.

On the foreign exchange market, the euro retreated slightly against the dollar Monday in a quiet market due to the closing of financial centers in the United States and England. Around 0900 GMT (1100 Paris), the single European currency was worth 1.4291 dollars against 1.4317 dollars on Friday night.

Values ​​on the forehead, that Monday is the day of commencement of trading of shares of Areva. The beginning of the session is particularly volatile for the action that keeps change from red to green and almost abandoned from 3.47% to 29.20 euros.

The group's president, Anne Lauvergeon, also believes that the nuclear reactor projects under consideration will be delayed by about 6 to 9 months because of the review of data on plant safety, said Monday its president .

Renault leaves% to 0.18% 38.99 euros while known to be the name of the successor of Patrick Pelata to senior management. Portuguese Carlos Tavares, 53, an avid sports car and head for the Americas of the Japanese Nissan, Renault's affiliate, should be named the number two automaker French.

Dexia advance of 2.03% to 2.467 euros. The Belgian-French group will pay no dividend for 2011 due to the cost of asset sales announced Friday, said its chairman Jean-Luc Dehaene, Belgian daily L'Echo.

EADS gained 0.29%.Its executive chairman Louis Welsh said that he supported the introduction of a veto in the defense sector to prevent hostile takeovers, in an interview with Focus magazine. "It's not about bags and luxury goods, we are in an area of ​​national interest," he said.

Technip advance of 0.12% while the group was selected by Samsung for its Floating Shell gas extraction.

Total (-0.04%) acquired 25% of an exploration license offshore Qatar for an offshore field that extends over 5,600 square kilometers.

Petroleum.The Economy Minister Christine Lagarde said Sunday that the government could impose on oil to reduce fuel prices at the pump if they do not justify the price drops enough found so far by the administration.

Hermes pressure

Hermes was down 1.17% to 177.2 euros while the group holds a very important meeting on Monday. Saddler said the appeal: the voice of Hermes family shareholders, Bertrand Puech denounces "attempts to destabilize" the company by LVMH. The Adam, she filed a lawsuit that the family can not merge into a holding company.

L'Oreal (0.43%).Daughter of Liliane Bettencourt, Françoise Bettencourt Meyers, June 6 to ask the investigating chamber of the Court of Appeal of Bordeaux to cancel all records Bettencourt, citing a procedural issue attributable to the prosecution Nanterre.

Trading in Meetic is suspended while his American counterpart Match.com Announces Intention to bid for all outstanding shares of the French site. Internet dating site offers 15 euros per share in cash offer for its competitor.Its parent company said already hold 27% stake in Meetic.

Medica (-0.63%) announced Monday it had signed an amendment to the credit agreement that was signed in June 2010, taking advantage of favorable conditions in the debt market to increase its financial capacity.

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The success of touch pads for the first time contributes to the decline in sales of computers. That is what the preliminary results of a study conducted by Gartner. The global PC market was 84.3 million units in the first quarter 2011, down 1.1% over the same period last year. These figures show a decline in sales of computers, first for 18 months. And this, when Gartner expected a rise of 3% for the first quarter of 2011.

"The low prices of consumer computers, which had long sustained growth, failed to attract buyers. Consumers have turned to the shelves and other multimedia devices in place, "says the study report, Gartner analyst, Mikako Kitagawa, noting however that the business market can limit the overall decline."With the launch of the iPad 2 in February, consumers turned to the purchase of alternative devices, or have simply chosen to buy a computer. We are studying whether this trend will have a long-term effect on the PC market. "

Declining sales due to currency

The general downward trend is however subject to disparities. If the European and Middle East is showing the first signs of decline "since the end of the recession in the fourth quarter of 2009, computer sales in Asia were up by 4.1% with 28.2 million computers for the first quarter of this year. Japan, devastated by the earthquake and tsunami of March 11, recorded the biggest drop in sales with -13 no fax needed payday loans.1% with only 4 million computers sold. In contrast, sales of computers in the Asia-Pacific are still growing.The Latin American market shows him the strongest momentum with an increase of 5.4% to 8.1 million units.

A lifetime of computers longer

"The consequences of events in the Middle East and Japan do not directly affect sales, but still a factor influencing the market in the short term, the findings by Gartner joins Jay Chou, senior analyst firm IDC Worldwide. "However, good quality computer products have become a reality today, with the advent of laptops, and more recently, multimedia tablet," he said in a statement. Bob O'Donnell, IDC wordlwide, is more reserved: "It is tempting to attribute the entire decline (the market) to the development of multimedia tablet, but we believe that other factors such as life longer PCs have had roles as important. "

Over the full year, Gartner predicts that sales of computers continue to "support" from their 2010 level. The upgrading of computer equipment should make it possible to support the market until late this year or early 2012.

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Design software in France is a little less risky. "In the French edition software, 2010 was a year of crisis. The growth of turnover was 16%, to 4.7 billion euros, "said Bernard-Louis Roques, CEO and founder of Truffle Capital, a venture capital firm that finances the ranking of players, called "Truffle 100." He added: "The editors have maintained their investments, especially those for research and development, during the crisis cash till payday. This behavior partly explains the low investment growth Publishers in 2010. "

As for results, the situation improves. "The margins are restored. Net income more than doubled, "added the expert. The first hundred publishers have earned a cumulative result of 543 million euros against 254 million in 2009. It is better but small compared to the situation abroad.

The NYSE has ended as it began, up on Friday, continuing its progressive movement initiated Thursday. The Dow Jones advance at the close of 0.71% to 11,858.52 points, the Nasdaq by 0.29% to 2643.67 points and the S & P 500 by 0.43% to 1279.21 points. The increase was however somewhat blurred throughout the session.

If fear of a major nuclear disaster in Japan seems to retreat somewhat, the environment remains nervous, with investors again worried about the risks of a rise in crude oil prices, while on Friday evening, Washington , Paris, London and the Arab League have issued an ultimatum to Libya. A barrel in New York is always worth more than $ 100 to 22 hours.In addition, Bahrain's continued repression and puts the gold noi pressure.

In Tokyo this morning, the Nikkei has returned 2.72%, supported by the announcement of a joint G7 intervention on the foreign exchange market to counter soaring yen. On the foreign exchange market, this decision was immediately able to return to the dollar above 80 yen in Tokyo, a day after a record at 76.36 yen. In early afternoon in Paris, the greenback was trading at 81.69 yen.

Moreover, today's big news overseas, the Fed said Friday it allowed some of the nineteen largest U.S. banks to pay back dividends or increase them, after new tests of resistance banking .

Several U.S. banks immediately announced Friday increases the compensation of shareholders, after the green light from the Federal Reserve, including JPMorgan Chase (2.42% to 45.64 dollars) to quintuple its dividend and launching a multi-year redemption shares of $ 15 billion. Wells Fargo (+1.41% to 31.80 dollars) for its part announced that it was his first quarter dividend from May to December dollars per share.

Meeting of the "Four Witches"

On the macroeconomic front there is no major indicator on the agenda of U.S. investors on Monday. The market will however be many technical movements on Friday, sitting in this so-called "four witches."An appointment is the quarterly expiration of four simultaneous types of options and futures for stocks and stock indexes.

The values ​​listed after the close of Wall Street yesterday, the American General Mills (+1.41% to 36.64 dollars), owner of Häagen-Dazs, entered into "exclusive negotiations" to buy more of the half (51%) of the number two worldwide in fresh dairy products, French Yoplait, for over 800 million euros investment fund PAI Partners payday advances.General Mills' Yoplait is the franchisee in the United States and as such greatly expanded the brand to the little flower on the market.

Boeing (1.11% to 69.06 dollars) for its part, announced the arrival of Mark Allen, currently vice president for worldwide legal affairs as president of Boeing China, following the retirement of David Wang .

Also after the close of U.S. markets, General Motors (1.27% to 31.84 dollars) announced it would suspend production at its plant in Shreveport, Louisiana next week due to a disruption of supplies of spare parts from Japan. The other plants in North America will continue to operate normally. In addition, GM expects a 10% decline in production in Korea in March, also due to supply problems.

The Microsoft IT group (+0.08% to 24.80 dollars) has announced the dismantling of a "complex" of sending billions of spam (spam) daily on offers to buy fake drugs.

For its part, Nike (-9.23% to 77.53 dollars) has reported a net profit of $ 523 million in the third quarter increased 5% over a year and a turnover of $ 5.1 billion, up 8% excluding currency effects.

Moreover, the manufacture of the tablet 2 Apple iPad (-1.19% to 330.67 U.S. dollars) is threatened by the aftermath of the earthquake and tsunami in Japan, which could lead to "logistical disruptions" and disruptions in component supply, according to research firm iSuppli IHS.

Groupon valued 25 billion

The platform for financial exchanges and Nasdaq Intercontinental Exchange (ICE) are struggling to agree on an offer on the cons exchange group NYSE Euronext, under a merger with Deutsche Boerse, said Thursday the Wall Street Journal.

Also note, the U.S. computer security firm RSA announced Thursday that hackers had penetrated into its systems and retrieve information that might allow them to circumvent the defenses of companies equipped with its technology.

Finally, according to The New York Times, the American website Groupon, which enables the faithful to receive coupons on their purchases, could be valued near $ 25 billion at its upcoming IPO, a higher price that Google had obtained at the time of its development.The new rising star of the internet, dismissing the fall of an offer to buy this same Google $ 6 billion, could make his case for IPO this spring, the paper said on its website.

After the protests, Justice. The taxi drivers of Avignon do not démordent: Easy Take a low cost taxi company established in February 2010 in their city, is unfair competition. Mr. Patrick Gontard, their lawyer, asked Tuesday before the Court of Appeal of Nîmes a cessation or disqualification.

"Easy Take the taxi is in disguise. Under cover of a passenger, the company transports people to return to clubs or to go catch a train. The drivers are the marauding But they have no right, "said Mr. Gontard. For the latter, certain obligations such as vehicle type and length or the need for each driver to have a personal license issued by the prefecture are not met.

Bargain prices

The union of taxi drivers did not demonstrate the existence of competition or a common clientele, or the commission of a fault, answered Mr. Julien Scapel defender Easy Take challenging the Qualification of unfair competition. Minutes are produced by the union does not "state supported on the highway", he stresses me Scapel that "there is no evidence to show that Easy Take is engaged in illegal taxi.

"We operate through two licenses, the road transport of passengers and one passenger vehicle with driver. The problems submitted to us, which are only technical problems, concern only the second license which is only about 15% of our business, "Jean-Marc Sibade relativized, one of the founders of the company.

For example, Take Easy is not yet in possession of vehicles with the length required to comply with the decree of 6 December 2010 having raised it from 4.40 to 4.50 m. The company expects delivery of the thirty Ford Tourneo Connect that will replace its original Kango.

To offer fixed price broken races (7 euros for 7 km, 15 euros for 15 km … day and night), by reservation only and a maximum distance of 50 km, Easy Take innovated: he uses vehicles converted to passenger car with advertising on the body and head restraints. "We appeal to customers who did not take the taxi before, we are not competing but complementary," argues Jean-Marc Sibade. "Anyway, Europe has given to France until 2014 that taxis are no longer a monopoly.If not us, it will be groups that it will, "he adds.

He has every intention of taking market share before that. It should open a branch in Nimes by the end of March, then a franchise in Montpellier in May and in the wake of another agency in Cavaillon, with twenty vehicles in each city. His goal is to be present in thirty cities within five years. The paradox is that taxis have made it much publicity by demonstrating against him and that requests for exemptions have poured.

"If there is no business of espionage, I would draw all the consequences." Two months after the layoff, then the dismissal of three senior officers suspected of espionage, Patrick Pelata, number two of Renault, is clearly against the wall.

Tense, he broke his silence in an exclusive interview with Le Figaro. With great gravity he puts into play its responsibilities within the constructor. One way for him to remember that bear the consequences of this case but also to protect Carlos Ghosn, CEO of Renault and Nissan. For the past few days, the plot thickens.

An inside source says Le Figaro that a member of the security service stubbornly refuses to cooperate with the law to provide information.In particular, the identity of the outside investigator who recovered all the information that led to the identification of bank accounts in Switzerland and Liechtenstein. However, according to this source, mute the employee was "the only contact with the informant outside of Renault, who has supplied all private investigation." On two occasions, management, disturbed by this attitude, it would have sent written and oral orders remained dead letters. Accordingly, the employee has been drawing up a report indicating his refusal to cooperate.

The development of Squarcini

Faced with this situation, Patrick Pelata longer does the group is a victim of manipulation guaranteed unsecured personal loan."There are two hypotheses, either Renault suffered a case of espionage, or manipulation." This double scenario was brought Monday to the attention of the Prime Minister and Eric Besson Minister of Industry. If the conclusions of the investigation lead to the removal of all doubts about the guilt of the three frames, the number two at Renault ensures that the manufacturer will repair any attention to the injustices and propose to reinstate them.An opening that seemed impossible even a few weeks ago, so that their dismissal was done with great firmness.

Faced with bronce media in recent days, the director of central intelligence inside Squarcini Bernard, conducted Thursday afternoon, an update stating that "all the comments based on sources close to the matter are completely unfounded" , regretting that "such leaks seriously hinder the progress of the investigation." International letters rogatory launched to uncover potential bank accounts in Switzerland and Liechtenstein will not be returned to France before next week. In the meantime, Patrick Pelata has delivered what his aides called a major "operation transparency". A confession truth to defend the honor of his company.

If the Tunisian and Egyptian revolutions have little impact on financial markets, one that shakes Libya far more impact. Tensions in the country, which is one of the largest exporters of oil directly affects the price of gold and black strong impact on European stock exchanges (Paris, London, Frankfurt, Milan, etc..) Asian (the Nikkei has lost nearly 1.8% this morning) and American (the index futures point to sharply lower opening on Wall Street this afternoon).

On the foreign exchange market, concern is also affected. Investors, for whom uncertainty is the worst phobias, put their appetite for risk and protect themselves in the closet. How? By placing their ball in the values called "refuge", such as gold, the dollar or the Swiss franc.In contrast, the euro, it is shunned.

Thus the European currency slipped below $ 1.36 on Tuesday morning, facing a greenback sought. Around 11 am, the euro is trading exactly at 1.3574 dollars, down 0.8%. Strong increase in the foreign exchange market.

According to technical analysis – that is to say, the analysis using only graphics – a bullish retracement could take place if "we manage to hold above this level." Conversely, the break of 1.3540 support to "push the pair to return to the area 1.3430 / 1.3460 dollars," warns XTB.

Outbreak of fever dollar

"Operators now appear in the mainstream during the political uncertainty prevailing in Libya", note analysts from Saxo Bank.The dollar is the first to benefit.

"Then just yesterday the greenback remained stable on its main counterparties, currencies against the U.S. dollar depreciate all": in addition to the euro has risen from about 1.37 to less than 1.36 dolar, the Sterling is currently trading at 1.6140 dollars after fluctuating in a range between 1.6220 and 16240 dollar yesterday during the day. The trend is the same for the Australian dollar loses more than about 80 pips (or 0.0080) against the U.S. dollar during the Asian session: it is trading at 1.0015 dollars against 1.0094 dollars late yesterday evening.

The loonie (Canadian dollar pair / USD) has fluctuated sharply in passing last night of 0.9864 to 0.9821 Canadian dollar before regaining ground this morning at 0.9860.In addition, this pair should know today strong fluctuations during the publication of the retail automotive sector off 0.7% expected in December.

Click on the thumbnail to enlarge the graphic.

Xavier Bertrand has promised to quickly solve the nagging problem of liability insurance for physicians, and in particular specialties such as obstetrics, where the premiums never stop climbing. The Health Minister has, recently, the 2010 report of the Observatory of medical risks, which will be useful to decide. The document not released but has acquired Le Figaro, is screening all medical accidents that resulted in over 15,000 euros in compensation between 2006 and 2009. More than 4000 records.

The average compensation amounted to 115,333 euros. The sum is paid either by insurers of doctors and health facilities (with the exception of the AP-HP, which is its own insurer) or by the National Compensation Medical (Oniam).This public agency occurs when the injury does not result from a recognized fault or when the amounts exceed the limits of insurance coverage (at least 3 million). Compensation, decided amicably (70% of cases) or granted by the court, does not exceed 50,000 euros in half the cases payday loans. But 13 cases have resulted in over 1 million euros, reaching a record 6.65 million. Because the cases are a very diverse gravity: an inability to 25% worse for two thirds of patients, over 25% to 22% of them, and one death in 12%.

The average amount of 115,333 euros is not fully allocated to the victims or their dependents: 27.5% of the amount used to repay the "Safely" and other organizations that have financed care, when a foul was committed. This is not the most common.In the third case, the loss is recognized as a "hazard" is "to blame bad luck, an unfortunate consequence of an act within the rules of art. Then the Oniam playing. Same thing if the injury is due to a nosocomial infection (18% of cases).

Wrongdoing in 27% of cases

The classification of specialties, surgery lags far in the lead (60% recognized the harm), with compensation close to average. (Photo credit: Marlene Awaad / Le Figaro)

U.S. economist Jeffrey Sachs, special advisor to UN Secretary General Ban Ki-moon and professor at Columbia University, spoke today at the conference "New World, New Capitalism", organized in Paris by the Minister Industry Eric Besson, in the presence of François Fillon and Prime Minister of Greece George Papandreou. Father of the liberal shock therapy in Russia of Yeltsin, Sachs, who has advised many governments, has evolved over the years in cross-interventionist in the fight against poverty.

LE FIGARO. – The European Union will she have to save other Member States this year?

Jeffrey Sachs. – I am more optimistic than most of my fellow economists about Europe. I think the euro will resist and that countries have chosen the difficult path of austerity will hold good.The bailout of Greece and Ireland's long overdue and has been implemented grudgingly, which was expensive in Europe. I agree with these plans, with one caveat: in the case of Ireland, where the weight of private debt is large, the government guarantees to banks have been too generous to me.

The French economic model he was protective against the crisis?

As an American, I am tempted to say, especially to the French right long seduced by liberalism in the U.S.: do not go to the American model! The United States undergoing a structural crisis much deeper than Germany or France. United States, unemployment reached 10%, income inequalities have never been so blatant, and the budget deficit weighs 10% of GDP. The financial system and labor market deregulation are the cause of this crisis.The heart of Europe – except Italy, which has its own political problems – France, Germany, the Netherlands, Scandinavia are much more balanced, more resistant, more competitive in the long run than the States USA.

How the West can they stay competitive?

Global competition is intense. You can increase competitiveness by lowering wages of unskilled workers or, conversely, promote education. The crisis has led to a decline in consumption. Rulers had the choice between stimulating the consumption or boost investment. The second option was the best, not one chosen by the United States, who preferred short-term policies. The recovery requires investment in major infrastructure, the green economy and human capital. Stimulate consumption is a very naive approach.The scrapping, for example, in vogue in many countries, is an easy solution, but absurd.

Are you in favor of reforming the international monetary system?

The dollar has already begun its decline. An international monetary system based on multiple currencies is needed. We must first restore the credibility of the euro. Second difficulty: Asia. The yuan prevail there as the Asian currency or will he monetary cooperation with the Japanese yen and Korean won? The yuan is not even a true international currency, but China probably has a plan to transform the next ten years or even faster.If Europe speaks with one voice (there was dithering in Germany), while Asia also agrees, then the monetary system will be based on three pillars, the euro, Asian currencies and the dollar .

In this context of weak growth and debt in the West, China Will it extend its control over Europe?

No need to be a genius to see that China is trying to recast the global economy. It saves half of its GDP! This accumulation of wealth is spectacular. One part feeds the fastest urbanization in history, which involves the construction of infrastructure, roads, power plants on a scale without precedent. China has also become the largest investor in Africa. She also played an important stabilizing role for the euro. Premier Wen Jiabao said China would continue to purchase debt securities Greek, Portuguese or Spanish.On the other hand, China is the source of rising world prices of energy and power. What she did not properly managed, are its natural resources. She is going through a profound environmental crisis. But this is twenty years I reiterate that China's growth is strong and she changes the world.