To attract investors petrified by the crisis, managers are looking for profitable investment ideas and reassuring. Therefore, as in 2008-2009, now flourishing bond funds due.

The principle? These funds have a life fixed in advance and invest in corporate bonds they plan to keep the portfolio until the end, except in special cases (damage to the transmitter for example). Objective: To reap the coupon (interest) known from the start, they pay each year.

As a bonus, the capital is protected as the company that issued the refund obligation at maturity, at least if it has not failed.Even if the manager does not provide any formal guarantee or capital, or performance, the subscriber has a good idea of ​​what they can expect to run (he knows in advance the expected average coupon of the portfolio) if of course none of the companies whose shares have been selected not lacking instant payday loan.

Many management companies, Oddo, the French PM, Ofi AM, SPGP, EDRIM, Rothschild & Cie Gestion or Tikehau example, launched or will soon launch such funds. But sometimes very different approaches.

Edmond de Rothschild IM provides such a yield of about 5% per year for Millesima 2016. "Other funds exhibit higher returns, but with longer investment horizons.

A health insurance plan is definitely a major source of financial assistance in times of illnesses, accidents or diseases.

In the wake of the Asian stock markets that appear in no particular order on Tuesday, the CAC 40 is expected in early fall at the opening, waiting for a European plan to end the debt crisis in the eurozone. The day before, despite signs of economic slowdown, the Paris Bourse had finished his session in the green, gaining 1.55% to 3220.46 points.

Investors should therefore play the card of caution before the EU summit tomorrow, which should deliver a plan to increase the firepower of the European bailout fund (EFSF), to recapitalize banks and to erase a portion of Greek debt. To do this, and it is then a first-, the EU will apply directly to other states and their sovereign wealth funds to strengthen his strike force in case of economic shocks.Norges Bank Investment Management (NBIM), which manages the Norwegian fund (397.5 billion euros), has already applied for, according to Reuters.

But time as concern mounts including the Italian debt. Despite new savings measures announced by Rome, with rumors of the European Union and the International Monetary Fund are becoming more pressing. This prompted Silvio Berlusconi, the prime minister, to get angry Monday: "Nobody has anything to fear from the third European economy and the extraordinary founding of the European Union" which is the Italy.Then added: "We honor our debt regularly, we have a primary surplus [excluding debt interest] more virtuous than we and our partners will achieve a balanced budget in 2013."

Investors want to be reassured

In this context, the markets should wait for signals about the political strategy to prevent contagion of the Greek crisis. This is already on a war footing since the beginning of the week, like Baroin. Yesterday, the Minister of Economy has estimated "convinced" that European leaders would reach a "global agreement". According to him, the last meeting of the euro area in Brussels this weekend in Brussels has led to progress "two thirds" of the negotiations.

In fact, expectations are high, including abroad.For its part, the euro fell slightly against the U.S. dollar, losing 0.14% to 1.391 dollars.

On the agenda in France, Gfk index of consumer sentiment (November) will be unveiled this morning. As housing starts and consumer confidence (October).

In the U.S., the Case Shiller real estate index (August) will be published early in the afternoon. The Consumer Confidence Index (October) is expected in 16 hours.

Values ​​to follow:

• STMicroelectronics announced Monday a decline in sales in the third quarter in a context of deteriorating semiconductor market and general economic uncertainty.

• Seb has achieved organic growth in sales of 7.2% in the third quarter, primarily driven by its performance in emerging markets.

• JCDecaux has entered into an agreement with Presstalis, partnership marketing and distribution of the press, to acquire 95% of Mediakiosk. Presstalis retain 5% stake in the company managing over 746 outdoor advertising kiosks in France, whose sales totaled 26 million euros in 2010.

• Peugeot aims to sell 500,000 copies of its future 208, we read in The Tribune on Tuesday. Produced in Poissy and Slovakia, the car should also be made in Brazil and China. Its price will be very aggressive attack, the newspaper said.

• Groupama announced that its CEO Jean Azema had been revoked and the new management team should improve operating profitability and solvency.

The information should be confirmed in the late morning. Hersant Media Group (DRG), publisher of 27 newspapers, and the Belgian group Rossel, editor of Le Soir in Brussels and owner of La Voix du Nord in Lille, will create a jointly owned holding company in which they will bring some of their regional daily press titles. Rossel it will house La Voix du Nord and Le Courrier Picard. For its part, GHM will entrust the securities of its poles Champagne-Ardenne, Picardie (The Union, The Ardennes, Eastern Lightning …) and PACA (Nice Matin and La Provence).

Excluded from this agreement the domestic free press Comareg (Released Sold), the division overseas (France Antilles, New Caledonia The …) and the group Paris Normandy.The latter could be brought to the joint venture after a restructuring led by the leaders of GHM.

This was submitted yesterday to the pool of 17 syndicated banks that have lent 190 million euros to Hersant Media Group, on the redemption, in 2007, Lagardère securities regional daily press in the south of France.

GHM has made some 700 million euros in turnover in 2010 to an operating profit of 18 million. The group, controlled by the family Hersant and directed by Dominique Bernard, announced in early July to be ready to open its capital to meet its debts. It has already sold its holdings in 2010 in Mediapost and Eastern Republican.

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The controllers returned to work. Having asserted their right to withdraw on Thursday afternoon and Friday morning after a àl'agression of their colleagues, the general assemblies held throughout France have all voted Friday to return to work.

Friday morning, in an interview Figaro.fr, the president of the SNCF had to call cool railway asking them to quickly resume work. After discussions with the unions in turn, management has committed to hold meetings with them to work to improve the security services. The first will be held Monday.

Traffic TGV, Corail and TER improved significantly Friday afternoon on the entire network, including 8-9 in 10 TGV from and to Paris and a TER of 2.But the return to normal really did that Saturday morning.

To find out if their train is running, users are advised to consult very Infolignes site, or call toll free (free from a landline) 0805 90 36 35.

Toll-free number and site of SNCF informationPotential always invites customers to delay their trip or take alternate means of transportation. Ticket holders whose train was canceled may obtain a refund, or take any train leaving for the same destination without the need to exchange their ticket.

The strike controller led Thursday the cancellation of all trains at night, and created a big mess all over the country. According to the station, all passengers stranded at the station in the evening were able to reach their destination or were assisted to find accommodation for the night.According to the Ministry of the Interior, it was not necessary to set up emergency housing plan.
Board trains at the Gare Saint-Charles in Marseille. Photo credits: GERARD JULIEN / AFP

For the first time in ten years, a television advertising campaign will promote the merits of LU. So far, the leader in biscuits in France (acquired in 2007 by Kraft Danone), reserving his campaigns to his blockbusters (Prince, Pepito, Granola …), while no fewer than 40 brands. LU is now expressed in new spots. The biscuit can more effectively support its entire portfolio. In 165 years, LU also offered its first facelift in a decade. On the packaging of its 250 references, the red and white logo LU, more massive, with its slender letters, has taken over the product names. The cookies, wafer Paille d'Or at the Pooh Lulu, are now intertwined with the logo, to better capture the attention of the consumer.

Tea and restart Chamonix, marks 'forgotten'

"In recent years, Kraft's strategy has been to support the products, the brand LU was only there as security, acknowledges Chrystel Barranger, Vice President, Marketing Kraft Biscuits Europe. We must allow all to grow our portfolio, including brands such as Chamonix or Tea forgotten. "The food giant hopes to fight against any erosion of sales. "We had to give back to LU acclaim without losing the consumer," says Delphine Cadoche, executive director of Red Dragon packaging, the design agency behind the new visual identity of LU.

As a result, the perception of the range changes by customers. "It's very efficient in terms of recognition rays", admires a competitor creditreport.This strategic rethinking of the visual identity of LU, prepared for a year and a half, was initiated in Chicago, headquarters of Kraft and then driven to Paris.

It was vital for LU. While the brand is purchased at least once a week by 60% of French households, with a market share of 25% behind the labels. But LU, which has the widest range, did not realize enough synergies.It must stand out more from its competitors in the minds of buyers and the radius biscuits, one of the largest hypermarkets: 424 references on average, over 15 linear feet …

"The goal of Kraft is to strengthen and exploit its market leadership based on a strong umbrella brand, says Jean-Daniel Pick, a partner in the firm OC & C. It is a strong trend in the food just like what was done with his own brand Nestlé. "If the group is gaining ground on the MDD for a year and a half, he must above all its blockbusters. In mind, the timeless Prince, the best-selling biscuit in France.

Kraft also plans to promote its LU biscuits, which account for more than half their sales in France, outside its borders. But some best-sellers should be marketed outside the Hexagon logo without LU.Pepito and ready to go out in Europe under the emblem of Milka, another brand of Kraft.

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Globalization has a bad press these days. While the debt crisis has taken over from the 2008 financial crisis, many cities and regions rely on the relocation of the economy. They have to do this, decided to do without the euro by inventing their own currency. Latest initiative, that of Filettino, Italy, beating since late August, "Fiorito".

This small town of 598 inhabitants located in the province of Frosinone in the center of the country declared independence in protest against the government's austerity plan which provides for the pooling of budgets of small towns under 1000 inhabitants. The new "Principality" issued 20,000 tickets to the effigy of the Mayor and has already set an exchange rate against the euro if it would carry out its threat of secession. The "Fiorito" would then 0.50 euro.

The idea of ​​an alternative currency to the euro or the dollar is not new. By 2003, Prien am Chiemsee, a common German Bavaria, has released the "Chiemgauer." Notes 1,2,5, 10, 20 and 50 Chiemgauers have the same value as the euro and can be used in a network of retailers and businesses that have joined the project. Today there are 617 members. The phenomenon has become so widespread in Germany there are about sixty local currencies.

Development "solidarity"

These alternative currencies have also landed in France. At the initiative of the Association for the living act, the Bee has appeared in the wallets of the people of Villeneuve-sur-Lot in the Lot-et-Garonne, in January 2010. In Toulouse, the Sol-Violette is intended as a "currency ethics", which aims to promote "economic solidarity".Finally, the South Ardeche has established its currency, the Firefly, in spring 2011 in order to "pave the way for a greener economy of the human being and its environment."

Hints "solidarity" that is found throughout Europe, the hour or the debt crisis is spreading cheap business cards. In Belgium, in the region of Hainaut, in Mons has launched the Ropi to "relocate the economy, preparing for post-growth, and put the citizen at the heart of the debates and decisions, including finance and monetary issues. " These concerns go far beyond European borders. In the United States in the region of the Berkshire (Massachusetts), associations were created in 2006 a parallel currency system, based on BerkShares. Today, more than 400 companies accept this money, and more than 2.7 million BerkShares are outstanding, redeemable at $ 1 against 0.95 BerkShares.

Closed circuit

Faced with the popularity of these alternative currencies, the euro and the dollar they have to be worried? In a report published in 2007, the Deutsche Bundesbank, the German Central Bank, was already wondering if they could compete with the euro. According to the institution, the local currency in circulation in Germany then weighed the equivalent of 200,000 euros and their impact on the economy was "negligible." Today, they account for 900,000 euros.

The Bank of France, meanwhile, said that the legal tender, as defined in the Monetary and Financial Code, is the fundamental principle of any form of payment. "Traders are obliged to accept notes and coins are legal tender with this." Conversely, the release of a parallel currency is not prohibited, but it must be under an agreement between the different users."This currency is not exchangeable and circulates in a closed circuit," says the institution. Despite the snowball effect, the euro has probably nothing to fear from local currencies doomed to remain confidential.

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Pascal de Izaguirre, the new head of Nouvelles Frontieres, warned this summer that is socially necessary to revive the group, losing ground. Reportedly, the plan would cover about 400 positions. It should start in early 2012 and early departures would occur next summer.

On Thursday, during an extraordinary works council, which lasted all day, Pascal de Izaguirre had planned to give details of the plan. He did not last. "The topic of the day was the proposed merger and any socially impossible before, says Le Figaro Jorge Partida, secretary of the EC and member of the FOR trade union, a majority. Pascal de Izaguirre wanted to give a figure for job cuts. At our request, he did not mention it.It was not on the agenda, we told him to observe the melting process. "

The plan is part of a drastic turnaround strategy Nouvelles Frontieres, which should acknowledge this year the heaviest operating loss in its history. To restore the finances of the company, Pascal de Izaguirre upsets ever habits by bringing together under one roof all brands (New Frontiers, Marmara, Tourinter and adventurer), without removing either. By doing this, this former Air France, arrived first at the head of Corsairfly before returning in May orders for the whole group, wants to end the spirit of competition that may exist between Marmara and New Frontiers, and save money.

'Strategic mistakes

The new entity will be called TUI Travel France and centered around a renewed organization, lighter and cross."The project" Convergence "is never an objective of uniform or standardized offerings," insists Pascal de Izaguirre.

By grouping the teams, Pascal de Izaguirre wants to impose more rigorous management, and revive the "spirit of conquest", which had the reputation of New Frontiers. "This plan is the fourth since the early 2000s and the takeover by the German group Preussag, held at the time by Jacques Maillot, said Jean Serrat, a former captain in Corsairfly and former secretary of the EC until 2006. The previous plans were not enough to boost sales momentum because there were strategic errors (in the diversification of products, distribution …). For the first time, brings together teams of Marmara and New Frontiers.This is finally going in the direction of a cost rationalization was inevitable. "

Pascal de Izaguirre wants to go fast. The implementation of the new operational structure of the company is scheduled for early 2012. He has no choice. In recent years, New Frontiers has lost market share that will be difficult to regain. Increasingly, too, is necessary in Internet travel sales, with the arrival of new competitors, starting with Google, which promises to shake up the industry with a brand new search engine for airline tickets.

Also new, the consumer, always on the lookout for bargains, it also has a growing tendency to move from one tour operator.

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Parliament is considering the future supplementary budget which includes the new support for aid to Greece and the first measures of the austerity plan presented last week by François Fillon. First consequence: according to our information, Bercy revised up 3.4 billion deficit the state this year. It will amount to 95.7 billion euros at end 2011. This degradation is due largely to lower revenue projections of corporate income tax compared to what was expected (3 billion less). The reason: the economic downturn since the spring. For its part, the debt burden increases by 1.4 billion more due to the resurgence of inflation early this year.These losses to the state will be partially offset by additional savings to the tune of 1.1 billion: 500 million savings in departmental budgets and $ 600 million in tax revenue resulting from the first austerity measures taken by the government online payday loan lenders.

However, the deficit-which aggregates the deficits of the State, Social Security and local-rest him, identical to the forecast, ie 5.7% of GDP in 2011. "And this government deficit, which accounts for the rating agencies" insists one at Bercy. No hocus-pocus. This stability is primarily due to good news side Safely. Thanks to the good performance of the employment and wages in 2011, social contributions are expected to exceed more than one billion in the forecast.In addition, "costs of parastatals grew more slowly than expected," said Valerie Pécresse's entourage, the budget minister.

The bill may be steep Irene. The governor of New Jersey, Chris Christie, has evaluated this Sunday on the NBC television network damage caused by Hurricane "billions of dollars, even tens of billions of dollars." According to an alternative estimate delivered by the consulting firm Kinetic analysis, the hardware cost of this storm is expected to rise between five and ten billion dollars, most likely around seven billion. Just to the North Carolina and South Carolina, two states already affected by the hurricane, the amount of losses expected to reach between 200 and 400 million.

Above all, this damage should be responsible in large measure to the State, businesses and individuals, when insurers should take on a lesser share of the burden, said Chuck Watson, one of the leaders of Kinetic Analysis told AFP."Most of the structural damage will be caused by the rising water because of rain and coastal flooding. Yet this type of damage is not covered by private insurance, "said he.

The same applies to losses caused by the cessation of activity in areas relevant to the coast, or the cost incurred by the evacuation of hundreds of thousands of people payday loan no faxing. Thus, New York, usually hectic, has been transformed this weekend into a ghost town, most shops have closed up shop and residents have been urged to stay home. But there is no damage reported, insurance should not pay a dime to compensate their members.

Insurers expected to be down

Insurance companies, however, should see their value fall Monday at the New York Stock Exchange.On Friday, insurers Allstate and Travelers had fallen to the lowest levels for two years, investors anticipate the costs incurred by the hurricane for those companies.

The amount of the invoice should still be less than initially estimated. Thus, Kinetic analysis was planned on Friday that a tornado could generate over 12 billion euros of damage if it hit New York at the height of its intensity. Finally, she was demoted to a mere tropical storm, with winds still 100 km / hour. These amounts are in any case of a different order of magnitude as the colossal damage of about $ 100 billion registered during Hurricane Katrina in 2005.