Sodiaal launched the Yoplait brand in 1965. In 2002, the dairy cooperative (Candia, Rich Mountain), through a serious crisis, had to sell 50% stake in its branch yoghurts and PAI commit to leave the choice of leaders. Today in better health, she would regain control.Not sure it is able to spend as much cash as the only means of payment accepted by PAI. Especially as it finalizes the acquisition of Entremont. "The conditions for resumption Entremont n'obéreront not our ability to maneuver on Yoplait, Le Figaro said in February its director general, Claude Sendowski. Sodiaal has the clear desire not to leave the ultra-fresh. "

Although the maintenance of capital Sodiaal Yoplait seems acquired its takeover is not. Therefore, the output of PAI can be done if Sodiaal agrees to let his future co-shareholder control of management of Yoplait, owned by PAI contract. The investment funds and Sodiall long-standing opposition to a crucial point: IBP transfer this control along with its 50%? "The purchaser will have management control, said a potential buyer.No one will pay a high price for simply looking out the window. If this had been resolved, the assignment would be curly for two years … "

Lactalis ambush

To break the impasse, he would have agreed to cede Sodiaal stake in Yoplait. Lactalis cheese group (President, Galbani) has formed a joint venture with Nestle yoghurts, has never hidden his interest in the brand. Funds, Permira and BC Partners as it prepares the sale of Picard might be interested. The U.S. company General Mills, the largest franchisee of Yoplait for thirty years, would look into the matter. Yoplait has developed both through subsidiaries and franchise agreements. "Yoplait is the largest in the United States in France," says one at General Mills.

Pending a change in the capital, PAI and Sodiaal could agree on other tracks.Yoplait, which completed its debt, could start to borrow to buy back a portion of its capital. The company considers a prey, could also become predatory, and engage in acquisitions, for example by acquiring franchisees in emerging countries. In March 2009, Yoplait has repurchased 68.6 million shares of EUR (49%) of British Dairy Crest, in their joint venture founded in 1991, which sells in Britain and Yop Little tricksters.

Going a little faster than the music, the Secretary of State for Trade, Herve Novelli, was once praised as "the goal set by the government, 20,000 new jobs in two years is, in less than one year, not only met but exceeded " payday loan companies. A statement not entirely accurate.

For the future contract signed last July it clear that the restaurants have pledged to create 20,000 jobs in two years, beyond the 15,000 jobs a year usually created by the sector. By creating 22,900 jobs since the fall of VAT, the restaurateurs have established that 7,900 additional. They are thus far have exceeded one year the target set by the government in terms of jobs. But they still have a year to catch up.

No disagreement between Merkel and Sarkozy

Despite these blunders, the spokesman for Angela Merkel was quick to point out that there was no disagreement between the two governments.

Earlier this week, Nicolas Sarkozy had expressed doubts about the austerity plan of Germany. "If we add to the austerity of austerity, we will go into recession." France hoped that the German recovery stronger domestic demand to balance the trade balance of the euro area.

The two leaders have postponed this meeting to June 14, three days before the European Council summit to be held in Brussels.

The stock market had reacted badly to the announcement of the cancellation of the meeting. The CAC 40 had lost more than 1% at closing."Although both parties argue for scheduling reasons, they will not prevent financial markets interpret this delay as the collapse in the open non-functioning of the Franco-German one hand and a state of panic among the other European states, analysis Nicolas Bouzou, economist at Aster.

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While the huge oil slick button that Friday the odds of a Louisiana still traumatized by Hurricanes Katrina and Rita, Barack Obama has sent two of his ministers on the spot "to ensure that BP and the government are doing everything they can, not just respond to this incident, but also to determine the causes. " The president has promised am?riain mobilize all the resources "of the country, including the military.

Enormous resources implemented

The flow of oil leaking from offshore wells was revealed on Thursday five times higher than previously thought, or 5,000 barrels per day, according to the National Oceanic and Atmospheric Agency (NOAA).And the damaged area has been classified as difficult to access for effective cleaning.

For the moment, "the consequences of the accident remain unclear and can not yet be quantified, but BP is ultimately responsible for funding the cleanup operations, analysts said. But the anti-spill operation implemented by the American state and the group is described by BP itself as "the largest in history."

The company has already implemented substantial resources (two drilling platforms, 32 boats, five helicopters, 1,000 persons, etc.). The U.S. Navy has provided seven booms and pumping systems for coastguards. Air assets are also mobilized.

After several failed missions carried out using robotic devices to help fill the leak, BP and the Coast Guard decided Wednesday to carry out "controlled burning" to limit the growth of the water cash advance loans. BP is now focusing on the establishment of a lid on the underwater drilling but the installation should take a month.

Stall Award

Sign that the situation is critical for the group: Stock investors have not waited to dispose of their shares.Since April 20, when the explosion of the platform, the BP shares have lost 12% to the London Stock Exchange, falling from 655.4 to 577.5 pounds.

Also listed on Wall Street, stocks dropped 13% BP and rate 52.6 dollars at the close of U.S. markets on Thursday.

After Exxon Valdez and Erika

In the history of oil spills can be compared with that of Louisiana, the disaster of the Exxon Valdez in 1989 in Prince Williams Sound in Alaska and the sinking of the Erika in 1999, whose responsibilities incumbent on Exxon Mobil and the French Total.

Exxon Mobil eventually pay only 500 million euros to force delays in judicial proceedings.The tanker had been sentenced in 1994 to $ 5 billion in damages to the 30,000 inhabitants of the region, the equivalent of one year's profits for the oil group.

At Total, the fine of 375,000 euros has been confirmed by the Court of Appeal in Paris last March. On the front of compensation payable to the 80 plaintiffs, Total paid 170 million euros.

British Petroleum is already the subject of a complaint by the shrimpers of Louisiana for "negligence" and "pollution". They require 5 million in damages.

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On the foreign exchange market, the euro rebounded on Friday against the greenback after falling the day before to its lowest level since April 30, 2009, sealed by the revaluation of the Greek public deficit and the deteriorating Greece's financial rating by Moody's. The euro is worth 1.3370 dollars (1.11%).

On the front macro?nomique, the Commerce Department reported a decline of 1.3% of controls after a revised 1.1% growth for February. Analysts polled by Reuters had forecast an average increase of 0.3% in March after the 0.9% originally announced for February.

Sales of new homes rebounded strongly, more so than expected in March in the U.S., reaching their highest level in eight months in volume, buyers seeking to take advantage of tax benefits offered to them . According to figures released by the Commerce Department, sales rose 26.9%, its fastest pace since April 1963, at 411,000 units annually against 324,000 in February, ending four straight months of declines.

These encouraging figures on the macroeconomic level have overshadowed any doubts that still grasped investors launched after the formal request by Greece for financial support to the European Union and the International Monetary Fund to cope with its huge budget deficit.

Salvo results

On the side of values, many companies have announced their quarterly after the close of Wall Street.

This is particularly the case of software giant Microsoft (-1.37% to 30.96 U.S. dollars) which has reported net earnings up 35% to over $ 4 billion for the third fiscal quarter offset a result slightly above expectations as its sales.Revenues increased 6% to 14.50 billion, driven notably by strong sales of the new operating system Windows 7, released in late October, which is a "growth engine".

Also note the numbers of chemist Eastman Chemical (5.96% to 71.12 dollars). The company announced $ 101 million profit in the first three months of the year against $ 2 million last year. Its turnover rose 39% to 1.56 billion dollars against 1.38 billion expected by the market.

The eagerly awaited American Express (2.74% to 48.05 dollars) has announced a profit of 885 million, nearly doubled in the first quarter. Net revenue, after interest expense, was also above expectations.It is 6.61 billion (+11%).

In the same area, the group specializes in credit cards Capital One (2.59% to 46.73 U.S. dollars) has announced a profit of 636.6 million dollars, against a loss of 172.3 million the year last. As for Amex, the results improved significantly thanks to a significant decline in credit provision.

In the technology sector, Amazon.com (-4.30% to 143.63 U.S. dollars) has announced a profit of 299 million (+68%) for a turnover up 46% to 7.13 billion dollars. Gross margin climbed to 5.5% against 5% last year. A note sales on the U.S. are up 22% to $ 1.6 billion.

Teva is already well established in the United States and if he manages to obtain permission from the Food and Drug Administration (FDA), the U.S. Food to sell a cheaper version of Viagra, it will compete with the giant American Pharmacy Pfizer, the original manufacturer of Viagra. This drug has generated a turnover of nearly two billion dollars in 2009.

The battle is not won

To delay the arrival of competitors, Pfizer has asked a U.S. court to extend its rights until 2019 on the blue pill.In addition, the U.S. puts pressure on the Israeli state, that it hinders the development of Teva fast cash online.

Thus, the U.S. will not hesitate to condition their support for Israel's integration in the OECD at the signing of agreements on the extension of pharmaceutical patent protection to further protect American businesses.

Teva has achieved a turnover of 13.9 billion dollars in 2009 and will probably continue to grow in America and Europe. The Israeli group has already acquired this year to 3.6 billion euros German Ratiopharm, the sixth largest producer of generic drugs worldwide, while Pfizer was in the running.On the French market, Teva hopes to become the third player Hex generics.

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"Russia will be content with this revenge after being overtaken by the U.S. as world's largest producer of gas in 2009," said Arnaud Dubien, Russia specialist at the Iris.But for observers, the news is almost an anecdote in relation to long-term goals that will give Russia. "The food insecurity is a sensitive issue for Russia. It is about strategic security, "says Arnaud Dubien.

Giant agricultural

The renewed interest in the Russian administration for the agricultural sector clearly demonstrates the strategic issue. Agriculture had been abandoned by the government following the collapse of the USSR. The collapse of output was such that the country had to get food aid from the European Union in late 1998. In 2005 Awareness is. Vladimir Putin made agriculture a mainstay of his country's development. Two years later, he launched a five-year plan based on credits to farmers, and with 551 billion rubles (13.7 billion euros). The oligarchs are called upon.Vladimir Potanin, co-founder of the giant Norilsk Nickel is one of them.

The successor of Vladimir Putin, continues the momentum. At a forum in St. Petersburg June 5, 2009, Dmitry Medvedev replaced the wheat "at the center of life". "By implementing intensive methods in agriculture, using the proper techniques of growing wheat and raising the yield to 24 quintals per hectare, we can produce 112 to 115 million tonnes of wheat annually. And up to 133 to 136 million tons in putting into operation of additional arable land, "he said.

Export power

For analysts of the wheat market, these objectives are not surprising. "Russia is already the fourth largest producer.In 2010, the country should be the third largest exporter, just behind the EU, provides Nicolas Fragneau manager Amund Funds Global Agriculture low fee pay day loans. Currently, the EU holds first place on the podium producers (138.143 million tonnes) followed by China (114.500) and India (80.680).

Largest producer, Russia still suffers from a less assertive export. But the Russian government is working hard to address them. "Russia built ports, silos for storage. She is currently addressing all infrastructure problems. Already, since 1 July 2009, the beginning of the current year, exports reached 12 million tons, "says Michael Porter, manager of Agritel.These investments are valued by the Russian government to a range of 50 to 100 million by 2011.

Competition sharpens

The U.S. and the EU are a chilling eye development of the Russian market. The country of Medvedev already nibbling their ground in their natural turf, including Egypt, the world's largest importer of wheat. "Russia has won the bulk of the market with 420,000 tons sold since our previous state of play", remarked bitterly FranceAgrimer in its monthly report last February. The Asian market is also targeted by Russia with the aim of building "an eastern corridor development.

While FranceAgrimer reported a "competition always aggressive," analysts raised their findings: "the Russian wheat is cheaper because there are fewer loads.The only way the EU is to be as competitive as it will have to rely on the Russians, "slice Michel Portier. For their part, U.S. farmers to regulate competition through alternative crops. The final report of sowing the USDA shows that the U.S. should plant less wheat (-9%) and more corn (3%) and soybeans (1%) this year compared to last year.

Russia, bolstered by its untapped potential, is not ready to stop there. The country has 40% of global chernozem, the muck very fat and very fertile. "20 million hectares, unused since 1991 could be reintroduced into the production," Dmitry Medvedev announced last year. According to Arnaud Dubien, "with the arrival of leaders close to Moscow, as in Ukraine, a post-Soviet wheat cartel could be formed, plus Kazakhstan.He could then become the breadbasket of the world.

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They want, and Europeans with them, the Chinese revalue as soon as possible their currency, the yuan, which they believe deliberately manipulated and undervalued by the government to help exporters in the Middle Kingdom.

Beijing denies it. "China has never used this alleged manipulation to try to make a profit in international trade," Jiang said again Tuesday, the spokesman for the Foreign Ministry.

The standoff lasted for months, but today the United States understands that China will not want to lose any face. So they are reaching him.

The last weekend, the same Timothy Geithner, who, ironically, was the first to talk about spin in January 2009, decided to postpone indefinitely the publication of a report, scheduled April 15, which would place at the Chinese on the spot (our editions of April 5). Better, in India he pleaded on television for one yuan, which "assume over time a wider international role."

Widening the floating band

Why the turnaround? Because Americans know that the Chinese are themselves driven to revalue their currency.It is necessary to restore purchasing power to households, boost domestic consumption and allow the latter to take over from exports can no longer be its sole source of growth.

In China itself, more and more voices are also heard in favor of a readjustment of the currency. After several officials of the central bank, the National Development and Reform Commission (NDRC) has clearly outlined Wednesday a yuan appreciation.

And for his part, Ba Shusong, an economist at the Financial Research Institute, near the Chinese government estimated a few days ago that indexing the yuan to the dollar was an "emergency measure doomed to disappear."

Beijing may expand the first band in which he floated the yuan against the greenback.Today at 0.5% above or below the level of the dollar, this band could rapidly increase to 1%, before considering a stall.

Chinese President Hu Jintao should have the opportunity to talk with his U.S. counterpart, Barack Obama 12 or April 13 on the sidelines of an international summit on nuclear security in Washington.

But now, in Beijing, voices are heard to say that the decision r??valauer the yuan has actually been taken in high places.

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A pain in childbirth. After a head-to-head tight between Angela Merkel and Nicolas Sarkozy, the sixteen countries of the euro agreed Thursday on a plan of aid to Greece. He shared the role of lender of last resort between the Europeans and the International Monetary Fund.

Germany, long reluctant to directly support Athens has finally agreed to contribute financially, with other countries. In return, France and Brussels institutions will accommodate themselves to a "substantial involvement" of the IMF, led by Angela Merkel in the European fold. Beyond the Greek emergency, countries of the euro should also prepare for a new diet on the budget model Germans.

As for Greece, the Franco-German compromise provides for a "European framework" consisting of bilateral loans and coordinated by the States.Getting an added "complement" of IMF lending, minority according to Paris. The details of the text remains to tie up. The envelope said to be in Brussels, should be between 20 and 22 billion euros. Greece was considered "quite acceptable". The method could be extended to other countries plunged into the red.

On the fiscal side, the France accept the German demand for a say on strengthened European national deficits, "including sanctions." This tightening could indicate the end of the year, with a revision of treaties. Grant to Berlin, Paris is already planning "all legal options".

The Franco-German compromise, dictated by the urgency, did not dispel all misunderstandings. Berlin, veiled, concerned about the French penchant for French growth based on consumption and public investment.In contrast, Paris has openly criticized, Christine Lagarde, German model based on savings and export feed which comes deficits neighbors.

The Franco-German agreement was expanded in the evening to the sixteen countries of the Eurogroup meeting on the sidelines of emergency summit in Brussels European cash advance . It dictates the immediate requirement that the EU would apply beyond Athens to all countries in the euro area exceeded its deficits. Explosion of debt, sluggish growth and low productivity, Portugal, Spain and Italy share the same ills as Greece.

The pill is bitter ahead for Premier Papandreou. He waited for Europe to help to refinance at a lower cost. Athens must find 15 billion euros by early May and 50 billion by the end of the year.The conditions imposed by Angela Merkel are the joint support of the EU and IMF use a strong deterrent.

Greece can not make call as a last resort, in full only if the sixteen countries of the euro note – unanimously – that it can not refinance market. The European funding will be "no element of subsidy. IMF side, the rates appear more attractive. But they relegate Greece to rank countries attended. They also spend an extra dose of austerity that Athens would have trouble passing against the social anger.

On the merits, Angela Merkel has essentially dictated the law to the EU. At first isolated in its orthodoxy, Germany has shown that nothing can be done without it in a Europe in crisis. Inflexible, the Chancellor has imposed his choice.Nicolas Sarkozy, head of the ECB Jean-Claude Trichet, president of the Eurogroup Jean-Claude Juncker, the head of the EU executive Jose Manuel Barroso, all would have preferred a purely European. All saw the use of IMF interference in the pride and independence in Europe. But Thursday night, the threat of a collapse on the euro does them no choice.

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The limit for submission of tenders is set for May 25 and the award (or) licenses is expected a month later. According to the press, Vivendi and Televisa will give until 15 February to agree this.

Latin America in the collimator

After Africa, so it is that Latin America is covered by the French group.Already, Vivendi, winning the battle against the Spanish giant Telefonica to afford GVT (2.8 billion euros), has offered to pass a strong position in the region.

Mexico and its 110 million inhabitants currently host three large operators, Telcel and Movistar in mind. "The penetration of mobile phones in Mexico is higher than 70%," says an analyst specializing in the field.

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