World and National News

To save the decline of its magazine group, the head of Time Warner has chosen a specialist in the world of digital media communication. By appointing Laura Lang to head Time Inc.., Jeff Bewkes, the head of Time Warner, has plunged the newsroom of titles such as People, Time, Fortune and Sports Illustrated in perplexity. "She knows nothing about the press and publishing," some have criticized this woman of 56 years who previously headed Digitas, an interactive agency acquired by Publicis 1.3 billion in late 2006.

"It depends how you define the word" press "and" edit "," their replies in advance Laura Lang. The latter has extensive experience in communicating with users, readers of tweets, Facebook addicts and fans of digital tablets.A graduate of Wharton, a prestigious business school of the University of Pennsylvania, she serves on the board of directors of the agency Vivaki (Publicis Groupe) as well as advice clothing company VF Corp.. And Benchmark Electronics, industrial society and electronic engineering.

Will this be enough there to counter the inexorable push Samsung? Probably not.

Korean became the first vendor in the world of smartphones in the third quarter, Gartner said. In one year, sales of smartphones have tripled to 24 million units. Far ahead of the 17 million iPhones sold by Apple on the same quarter.

One in four is a mobile smartphone

The Battle of the smartphones is more important than this is the most dynamic segment fast cash advance. Sales of mobile in the world increased by 5.6% year on year to $ 440 million, while those of smartphones grew 42% to 115 million. This is also where manufacturers achieve the highest margins. "The smartphone market growth slows.

With the individual

1. How does the new system?

Gains on sales of a second home, a rental property, a Land, or in case of supply of property to a SCI continue to be taxed at 19% (plus social security contributions, ranging from 12.3% to 13.5% as of October 1, 2011). However, we must now wait 30 years to be fully exempt (as against 15 years now). The capital gain is calculated after the application of a tax that increases with the length of detention. Beyond the fifth year, this amounts to 2% per year between 6 and 17, 4% between 18 and 24, and 8% between 25 and 30. Thus, 80% of the capital gain is taxable after 15 years, and 64% after 20 years. The tightening of the tax on transfers subject to a deed of 1 February 2012 (bill of sale signed by the notary).The measure applies retroactively to contributions to family SCI occurred since August 25, 2011.

2. The main residence is she exempt?

Yes. It might then be tempting to declare it as such a second home to enjoy the exemption of capital gains. Bad idea, because the IRS can easily discover the fraud by verifying if the property was declared as a principal residence for tax. In the eyes of tax authorities, your principal residence is the place where you live as usual for most of the year. If you have a housing function, it is, in principle, your principal residence. Unless your spouse and children reside permanently in another house, which is then regarded as your principal residence. It must also be your principal residence at the time of sale.The administration does not challenge the exemption if the property is not occupied between the sale and the actual transfer when the property is sold within a reasonable time (approximately one year).

3. How can I limit the impact of taxation?

If you own a rental property or second home for less than 30 years, you may find it advantageous to sell it before February 1. Given the period of 2 to 3 months, usually required between the signing of an agreement to sell and that a final deed of sale, you have until November to find a buyer. After February 1, all sales will be subject to the new regime. To reduce the scope, it will still be possible to make donations. These are not considered transfers, they do not tax capital gains.You will have to pay the gift tax if the value sent to each recipient exceeds the rebate applicable to the transaction (€ 159,325 in 2011 to parents and children).

Accuracy: exposure of Axa France Vie on government bonds of Spain and Italy is not 17.26% as indicated in our last column of Sept. 27. The AXA Group's cumulative exposure to bonds issued by Greece, Ireland, Portugal, Spain and Italy was 7% of the general assets of the group at June 30, 2011. The portfolio life insurance would be lower.

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The offensive of the businessman Marc Ladreit de Lacharriere to the cultural world has not lost a taste for business. He has just proved by selling at high prices – $ 387 million – its subsidiary Algorithmics, a provider of solutions and services for risk management at U.S. giant IBM. Acquired for 175 million in 2005, the company was close to the rating agency Fitch. Fimalac estimated $ 96 million in the fiscal cost of its subsidiary.

Last year, Algorithmics has suffered an operating loss of 7.6 million euros, "taking into account the amortization of intellectual properties," the company said. By signing a check for nearly $ 400 million, despite these losses, IBM is therefore a bet on its ability to develop the specialist risk management and internal synergies to play.It should indeed bring his division Algorithmics "Business Analytics". Fimalac side, holding the heritage of Marc Ladreit Lacharrière, the financial opportunity had to appear all the more obvious synergies between Fitch and Algorithmics were limited.

Shareholder Barrier

Fimalac lighter weight of an asset of the system: during the last financial year, 2009-2010, Algorithmics and 121 million in revenue represented 20% of consolidated turnover of the holding company paydayloans. This assignment also confirms the willingness to diversify Marc Ladreit de Lacharriere. Until two years ago, Fimalac was mainly focused on financial services. In 2006 and 2009, the holding company sold tranches of the capital of Fitch Group to Hearst the U.S..The U.S. now holds 40% of the rating agency, and the balance Fimalac.

While observers expected the cash thus generated is reinvested in the financial sector, Fimalac was first formed a real estate division through the purchase of an office building in Paris and the construction of a headquarters in Canary Wharf The London financial district. Last year, the group then created a stir by inviting himself to the Lucien Barrière Hotels and Casinos. For 186 million euros, it has taken over part of the participation of the Accor group. Once the financial transaction loop – in the first quarter – the Desseigne-Barrière family and Fimalac hold respectively 60% and 40% stake in Barriere.

Marc Ladreit de Lacharriere finally multiplies the offensive on the cultural front.Within months, he entered the capital Coullier Gilbert, producer of Johnny Halliday and Michel Sardou, the tour manager Auguri Vega and society, which operates nineteen concert halls.

• oil wells in a state "in the coming days"

Oil may be back soon in Libya. The country should rehabilitate wells "in the coming days," announced the new oil minister, Ali Tarhouni, at a press conference in Tripoli. "The situation will not return immediately to normal, but almost," he added.

In Geneva, the World Food Programme (WFP) has launched a tender to supply 250,000 tons of gasoline provisional Libyan authorities to deal with the most urgent needs of the population after six months of civil war .

• Libya buys French wheat with frozen assets

The interim government in power in Libya has signed two contracts for the purchase of French wheat with assets released this month by France, according to sources close to the negotiations.The French Ministry of Foreign Affairs French announced in early August its intention to release $ 259 million to make available to the National Transition Council to rebuild the country after six months of civil war.

Each contract weighs at least 22 million to about 60,000 tonnes of wheat, a senior leader of the French grain trader Bellows, who signed one of the two contracts.

• A four-day ultimatum issued to supporters of Gaddafi

The rebel leader Libyan Tuesday sent an ultimatum expires Saturday supporters of Muammar Gaddafi in the last strongholds of the regime that they surrender, otherwise they would face military operations.

The head of the National Transitional Council (CNT), Abdeljalil Moustapha said that negotiations were underway with officials of those cities to try to secure their surrender without a fight. "This window of opportunity will expire at the end of the Eid al-Fitr. From Saturday, if a peaceful outcome is still not to the field, we can make a difference militarily, "said Abdeljalil. The launch of the final battle in Libya is "imminent", said the military spokesman of the rebellion Bani Omar Ahmed Benghazi in the east.

• Quiet on the front of Sirte, NATO continues its mission

The situation was calm on Tuesday morning on the front east of Sirte, Gaddafi's stronghold in central Libya. The rebels have increased by about ten kilometers and are line was about 40 km west of Ben Jawad beyond the hamlet of UMR Gandil.

Sirte Sunday has been caught between rebel forces, backed by NATO air strikes. The Atlantic alliance has reiterated its support Tuesday morning the insurgents, saying that his mission would continue "as long as the threat persists."

Zero growth in France. The economy has not taken off in the second quarter, remaining at 0%, after a rebound of 0.9% over the first three months of the year, according to INSEE. Consumption, traditional engine of the French economy, fell 0.7% after 0.4% in the first quarter.

Business investment continued to support the activity, but less than at the beginning of the year: they slow down to 0 no fax pay day loan.9% after 1.2% previously. In total, business demand and household crippling growth, observed INSEE.

Foreign trade, for once helped save the furniture. But only because imports fell (-0.9%) than exports, remained stable (0%). "Therefore, the trade balance contributed positively to GDP growth (0.3 -0.5 point after point)," notes INSEE.

"Papyrus" is the codename of the daily horse that will launch in late September Geny News, a subsidiary of PMU. Goal: be ready for the Prix de l'Arc de Triomphe in early October. And address the monopoly Turf Group, publisher of the leader, Paris Turf (56,500 copies a day), and all other paid dailies of punters: Paris Racing, Tierce Magazine, Weekend and Bilto. With a selling price aggressive, around one euro, 1.60 euro against Paris Turf.

The PMU is alone at the helm of this project since Serendipity, a fund owned by Bouygues and Artemis (Pinault), which sold its 50% interest in Infos Geny, and wishing to withdraw from paris sportifs low fee cash advance. Geny Info already provides information via its website geny.com horse.TV operator with its chain Equidia, PMU, an economic interest group that finances France Galop (racing gallop) and the French horse (racetracks and trotting), will therefore become indirectly newspaper publisher.

Danone delivers on its promises. Having returned earlier this year with its level of growth before the crisis, the world leader in fresh dairy products remains on course in the second quarter with an increase of 8.8% on a comparable basis. In the first half, its turnover reached 9.7 billion euros (+8.7%) for a net profit of 870 million euros (+3.4%). Allowing Danone to expect a growth of 6% to 8% for the whole of 2011. "All our businesses and geographies have been growing," said Franck Riboud, CEO of the group, half of turnover now comes from emerging countries, including the United States."We are on very strong growth trends, says Pierre-André Terisse, General Manager Finance, which makes us more confident than the rest of the year in a macroeconomic environment that is not simple."

The growth is particularly driven by the dynamic activity of water Danone (Evian, Volvic, Badoit …) which carries a record performance in the second quarter (+18.9%). Good weather in Western Europe and Latin America boosted sales, as well as the increase in demand related to the earthquake in Japan. And, in a general context of price increases related to inflation in the price of plastic payday advance lender.

Complex environment

The group's growth also comes from its activities in infant nutrition (+ 9.6% in the second quarter) and medical (8.7%).As for dairy products, including volume growth (-0.2%) suffered from the impact of the integration of Russian Unimilk, they benefit from the growth of its health brands (Activia, Danacol, Densia …). In Russia, its biggest market now in the side of France, Danone bets on the growing sophistication of use.

If Danone anticipate by a "major change in the trend in consumption" in the second half, the environment should remain complex. Faced with the continued volatility of raw materials, the group has already made half of its savings program of 500 million euros. Increased costs (milk powder, plastic …) is finally on the top of the range of 6% to 9% provided by the group, even though it now tends to stabilize.After price increases from 1% to 2% earlier this year, Danone does not resume using the "price leverage" in the second half if the cost of raw materials had to leave.

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Once is not custom, financial markets can thank a rating agency. As Italy prepares to implement its austerity plan of 40 billion, Fitch believes in a note that the country should keep its deficit reduction targets.

But it is especially reassuring Ben Bernanke that allow the Cac 40 start from the front. The president of the U.S. central bank said the Fed was ready to act if the U.S. economy was weakening. Tuesday night in the U.S., the Fed has shown itself divided on the solutions to boost economic recovery.

Having procrastinated until now, the Cac 40 shows a slight gain of 0.30% to 3785.53 points. Same atmosphere on other major European markets: the FTSE-100 index advances 0.35% at 5889.22 points and the DAX index gained 1.20% to 7260.49 points.

Caution remains the watchword.Aware of the seriousness of the situation, officials confirmed on Tuesday their "absolute determination to maintain financial stability in the euro area."

Lower start-ups in France

On the macroeconomic front, China's GDP has slowed slightly to 9.5% in the second quarter, less than analysts expected (9.4%). Retail sales in the country rose 16.8% in the first half and industrial production gained 14.3%.

In Europe, industrial production in the euro area rose by 0.1% in May from the previous month, according to data released Wednesday by the EU statistics office Eurostat.It increased by 0.4% in the entire European Union.

In France, the number of start-ups fell by 10.8% in June from the previous month, after a sharp rise in May (29%) announced Wednesday the National Institute of Statistics (INSEE) . This brings out the creative self-entrepreneurs, adjusted for seasonal variations and the number of working days.

As for currencies, the euro has stabilized at 1.4061 dollars against 1.3974 dollars late Tuesday while oil drops. In morning trading, a barrel of "light sweet crude" for August delivery lost 41 cents to 97 on line pay day loans.02 dollars.Credit Agricole gained 0.84% ​​to 8.99 euros, Societe Generale of 0.19% to 36.20 euros, BNP Paribas 1.17% to 47.50 euros.

L'Oreal: -3.70% to 84.64 euros (largest decrease in the ACC)

The group announced a revenue increase limited to only 0.9% in the second quarter due to lower sales in North America and Eastern Europe.

Suez Environnement: + 1.48% to 13.39 euros

The group announced Wednesday it had obtained the renewal of its water contracts with the towns of Agde (Hérault) and Orléans (Loiret) and winning the part of the urban community of Rouen (Seine- Maritime).

Michelin: + 0.68% to 64.68 euros

The group has set up a multi-currency revolving credit facility of 1.5 billion euros.

Total: -0.40% to 38.67 euros

The oil company confirmed opt-out of the Consolidated Global Profit (BMC), which does not provide any tax benefit.

Sanofi: + 0.02% to 54.22 euros

The group and the American Regeneron Pharmaceuticals announced Tuesday that their experimental treatment Sarilumab allowed to show signs of improvement in patients with rheumatoid arthritis.

Auplata: + 1.13% to 2.68 euros

The group hopes to produce up to one ton of gold per year by 2014-2015 with a new plant is expected to increase the performance of its mines in Guyana, its president said Tuesday.

Belvedere: + 3.64% to 53.22 euros

The group of spirits and its CEO have been ordered to pay substantial fines by the disciplinary committee of the AMF for failing to inform the public and also for price manipulation in relation Rouvroy Jacques.

Tuto4PC. com Group: -6% to 5.95 euros

The title of Tuto4PC. com Group, the French specialist in display advertising on the internet was changing down sharply Wednesday morning on the first day of its listing on the Paris Stock Exchange, having already faced the warmth of investors before its introduction.

The blows rained down from all sides on Google. Friday, the U.S. competition has announced the opening of an investigation into the Internet group. Today was the turn of French society 1PlusV attack. Editor of topics such as search engines ejustice.fr, Google it assigns to the court of commerce of Paris to seek redress for damages caused by anticompetitive practices of the American giant. 1PlusV assesses his damages at 290 million euros, corresponding to the lost revenue (74 million) and potential revenue lost since the establishment of its business in 2007. The company also claims the publication of the disputed practices on the home page of the famous search engine.

"Unfair Competition"

This assignment in Paris in addition to two cases brought against Google by 1PlusV in Brussels.The first complaint, filed in February 2010, led the European Commission to investigate Google in November 2010. A few months later, in February 2011, filed a complaint 1PlusV further to extend the complaint to all of its search engines. It accuses two things at Google. First, the search engine "rigged" results in both favoring its own thematic search engines (called "vertical"), as in the book, video, maps, and feeding its index data Public collected without the consent of the site publishers business