World and National News

Until then, BP has launched a program of asset disposals to 30 billion euros over the next eighteen months to meet the costs of the oil spill in the Gulf of Mexico. But, according to information from the Sunday Times, the British oil group's needs would be reviewed at 40 billion dollars (31 billion euros).

The decision to sell 10 billion dollars in assets and more would occur just after BP announced a swelling of her bill to $ 8 billion today, while a month and a half earlier, the note was 4 billion dollars. In addition to the means used to seal the oil wells, oil giant gradually perform compensation for the victims' families, fishermen and residents, while continuing the cleanup.

When BP has reported a loss in its quarterly accounts abysmal end of July, a provision of $ 32.2 billion was included to address these future expenses. The group had relied on $ 20 billion for families and nearly 3 billion for cleaning.

10 billion more for sale

According to British newspaper, the staff is weakened to market the 26% stake it holds in the largest U.S. oil field, located at Prudhoe Bay in Alaska. A transaction that could bring him 20 billion dollars.

Negotiations are also on track to sell international assets, a value between 5 and 10 billion dollars at its Russian joint venture TNK-BP, including a "large number" of offshore deposits of North, according to the Sunday Times.

A month ago, BP has sold nearly two billion dollars in assets to a consortium of British group of Colombian Ecopetrol (51%) and the Canadian company Talisman (49%). And one month earlier still, the group confirmed it would be pulled apart from its marginal activities in Pakistan and Vietnam, but without specifying their value.

Opening in fall of 0.25% at 10,015 points, the Dow Jones continues on the downward slope. The 10,000 points are close, while Monday and Tuesday, the index has already fallen sharply.

On Wednesday, new orders for durable goods in the U.S. rose 0.3%, much lower than expected in July, and after two consecutive months of declines. A further blow, when an increase of 2.8% was expected, especially by public transport, with the Farnborough Airshow (47 billion dollars in one week).

Fears of a slowdown in economic activity grows with each new bad news in that order. Just yesterday, sales of existing homes fell more than 27%, which has shaken global stock markets.And U.S. growth should be revised down sharply on Friday.

The technology followed

As for values, technology, which derive from several days down the coast, remain controlled. Especially since they are also often at the heart of big mergers and acquisitions.

The investors thus have an eye on Cisco (-0.9% to 20.93 dollars) and Dell (0.73% to 11.67 dollars), penalized by expectations of raising its bid for 3PAR (-1 , 07% to $ 26.75).The maker of data storage systems has announced on Tuesday he gave three days at computer maker Dell to revise upwards its bid after bid "probably higher" Hewlett-Packard ( HP, 0.37% to 38.53 dollars).

The saga of the hostile takeover of mining giant BHP Billiton (-1.12% to 64.69 dollars) – which today presents its annual results, with net profit more than doubled in 2009/10 to 12.72 billion dollars – the king of fertilizers Potash (-1.42% to 146.99 dollars), seeking a white knight, bounces. The U.S. stock regulator, the SEC said on Tuesday the freezing of financial assets of two Spanish, one part of Banco Santander, on accusations of insider trading in the attempted takeover of Canadian fertilizer producer Potash mining group BHP Billiton.

On the occasion of the presentation of its accounts, however, BHP Billiton is used to calm speculation the event of any significant raising its hostile bid of 39 billion dollars (30 billion euros) Potash fertilizer leading manufacturer in the world, despite the magnitude of his war chest.

The U.S. computer giant Apple (-0.15% to 238.58 dollars) is close to a deal with Disney media groups (-0.5% to U.S. $ 31.98) and News Corp., parent of chains Television, Fox to offer their series to rent on iTunes, said Tuesday the New York Times.

Campbell, world number one soup, advances in its acquisition of Britain's United Biscuits, and more specifically, its branch Biscuits, which represents three-quarters of its business.

The CAC 40 may play yoyo Monday. After booting up from 0.43% to 3362 points, the key index in Paris fell back into the red within an hour after the start of the session: -0.19% at 3342 points

Elsewhere in Europe, even the Footsie in London returns to equilibrium (-0.05% to 4835 points) after starting the day up 0.45%. The German Dax, which climbed 0.34% at the opening, back up 0.08% at 5839 points.

The caution at the beginning of the week, as in Asia. On Friday, the CAC 40 finished on a small increase of 0.25% after a volatile trading. All investors anxiously awaiting the monthly figures for U.S. employment, which were more troubling than expected 125,000 jobs lost in June but 83,000 in private creations against 33,000 in May, and unemployment fell to 9.5%.The U.S. markets have fallen back slightly after the announcement, but their European counterparts have remained on the upside.

The CAC 40 lost 5%, however the last five days. Investors can not follow Wall Street Monday as the U.S. stock market is closed after the national holiday. On the side indicators in France, the PMI services will be published. For the euro zone composite PMI index, and the sales details will also be announced.

The banking supervision

Dexia (0.61% to 2.81 euros) received the assumptions of Stress tests requested by the European Union on the eve of the weekend and is currently being examined, according to chief executive of French bank Belgian-Pierre Mariani.

BNP Paribas (0.70% to 44.51 euros) has sold its subsidiary of consumer credit BNP Paribas Personal Finance Belgium funds Apax Partners SA and Altamir Amboise. The sale is part of the commitments made by BNP Paribas to the European Commission following the acquisition of Fortis in Belgium in 2009.

Zodiac Aerospace (+0.48% at 37.67 euros) has agreed to buy German Sell.It is the third acquisition transaction in two months for the group led by Olivier Zarrouati.

Carrefour (1.23% to 32.53 euros) will close unprofitable stores sixteen in Belgium at the end of the month as part of the restructuring of its assets in the country, while strengthening its partnership with Mestdagh. The group expects these closures savings of about 25 million euros per year.

Air France KLM (0.64% at 9.66 euros) will face a new competitor on the field connections to Africa. The Airline Oxygen Africa should get the green light for launch in the coming weeks.

France Telecom (0.28% to 14.24 euros) must submit to the press, about 11 o'clock this morning, its strategic plan for the next five years.He wants to have more than 300 million customers worldwide by 2015 against about 200 million today, "said Stéphane Richard, CEO of telecoms group, in an interview published in Le Parisien on Monday.

Total (0.01% to 36.19 euros) does not study the acquisition of BP, but would be willing to consider the acquisition of certain assets if they were on sale, said Friday the CEO Christophe de Margerie.

PSA Peugeot Citroen (0.84% to 21.05 euros) announced it acquired for an amount of 244,925,000 euros, part of the bond issued in 2001 and maturing in September 2011. The takeover was launched June 21, 2010 simultaneously launching the bond issue of 500 million euros due five years.

Barack Obama called on Congress to pass a fifty billion dollars in new credits. The main objective of this recovery MINIPLAN: avoid elimination by the U.S. states of tens of thousands of civil service jobs. Despite the return of growth since last summer, the financial position of local communities is indeed alarming.

If Washington does not 300,000 as teachers, firefighters and police officers are threatened by new cuts, from California to upstate New York. Some 84,000 civil service jobs have already been eliminated by U.S. states since the beginning of the crisis. "People are suffering. We want the economy continues to grow faster. We want to see an acceleration of job creation, "said David Axelrod, an adviser to Obama.The latter supports the project being developed in the Senate that provides $ 23 billion for the salaries of state officials, in addition to 25 billion dollars to cover the expenses of state health and benefits the poor.

Tax increases and deficit

Other provisions are included in the package the Senate. It is an extension of benefits for long-term unemployed, as well as various tax breaks to municipalities and the research budgets of companies. A portion of these expenses is expected to be financed by tax increases. One concerns some investors in private equity and venture capital funds. But the amount released from the controversial tax planning is estimated at 19 billion dollars cheap pay day loans.The other would affect the oil companies, companies whose popularity is at its lowest because of the oil spill in the Gulf of Mexico. Each barrel sample of their offshore platforms is awarded a fee of 41 cents against 8 cents so far.

The use of these funds to increase deficit has attracted serious opposition from Republicans and a growing reluctance on the part of Democrats. The latter, in view of the November parliamentary, are sensitive to anger more and more voters to soaring public debt since the accession of Barack Obama in the White House. "We are tired of spending increases" summarizes Steny Hoyer, leader of the Democratic majority in the House of Representatives.The recent primary elections have shown that conservative fringe of the electorate is mobilized for candidates of a new profile, hostile to public spending.

Republicans, concerned about the danger of massive job losses of teachers and firefighters, insisting that the exceptional aid to states financed by spending cuts in other budget items.

ALSO READ:

"Everywhere in the world, the administration in the diet

"The fight against unemployment is Washington's priority

"The U.S. economy is going in the right direction"

"Towards a decline in military spending in the U.S.

The law finally approved American finance

The 2009 winter was mild for the group Club Mediterranee. During this semester, the first of its 2009-2010 fiscal year, the leisure group has indeed returned to profitability, generating a net profit of 3 million euros. Last year at the same time, he posted a loss of 22 million euros. The group's turnover shrank by 5.5% during the winter of 2010 compared to the same tourist season in 2009. This decline reflects a market "sluggish" and the impact of the ash cloud reached by the volcanic eruption in Iceland, which paralyzed air traffic in April, the company said in a statement released Friday.This damage has impacted the group's net profit amounting to 5.6 million euros, 3.7 million euros on operating income of the business village, which stood at 28 million euros over the six low fee pay day loans.

Club Med said it will accelerate its development in China this year, reaching 30,000 customers in the country and become "the leader are high quality vacation all inclusive. Chinese customers has grown 40% in winter 2010 compared to the same period in 2009.

The Summer is also favorable for the group. Welcomed the results of winter, Henri Giscard d'Estaing, the CEO of Club Mediterranee, underlines that "the level of bookings was already showing the number of customers higher than last summer due to late booking.Bookings have increased 18% and over the past eight weeks. However, they remain "in line" with the level of bookings at the same time last year.

As demonstrated by these matriochkas high 13 meters, which will adorn the entrance to Grand Palace, the visit of Vladimir Putin, started Thursday night in Paris, sacrifice largely Franco-Russian folklore. It was under the canopies of this symbolic place of French culture that the Prime Minister and his Russian counterpart, Francois Fillon, will open Friday morning a "Russian national exhibition. Previously, the strongman of the country will have breakfast at the Hotel Bristol with Jacques Chirac, then lunch with Nicolas Sarkozy. Fifteen Russian regions, including the turbulent Chechnya will be represented in Paris. A gathering of Russian masters, especially from the aerospace, automotive or pharmacy, will accompany Vladimir Putin.

France, the ninth largest trading partner of Russia

Unlike the two previous visits of Russian leaders in the capital – in November 2009 and March 2010 – no significant agreement should be concluded. In recent months, Moscow and Paris live on their laurels: the future participation of EDF and GDF-Suez in the pipeline South Stream and Nord Stream, the cooperation of the manufacturer Safran construction project of Sukhoi Superjet 100, the Alstom entry in the capital of the manufacturer of trains, Transmashholding. No room for complacency in the face of inroads by Russian companies in Italy and especially Germany.France is the sixth investor in Russia and the ninth largest trading partner countries.

Ads should be reserved for the visit of Nicolas Sarkozy Economic Forum in Saint Petersburg, June 19, in the presence of Dmitry Medvedev: Arianespace is about to purchase Russian rockets, and Martin Bouygues person would enter the Board Skolkovo, a project of Sophia-Antipolis in Russian, which arouses the skepticism of business.

Negotiations on the Mistral

The future of bilateral economic relations is first suspended negotiations started for the purchase by the Russian navy, a helicopter carrier Mistral. Russia, which is counting on France to help modernize its economy, relies on the expertise of the hexagon.

But Paris is reluctant to give Moscow a part of the military technology of this building.It would, however, a "good deal for the French manufacturer," says Vladimir Putin. "A helicopter-carrier as it cost around 300 million euros," added the Prime Minister who wants to buy a copy and duplicating the other three shipyards in the country. The Franco-Russian friendship has its limits.

ALSO READ:

"The Mistral Russian" lifeline for Saint-Nazaire

"EDF would take 20% of the South Stream pipeline

Laurence Parisot is now the only candidate to succeed himself at the head of MEDEF. Her rival, Sophie de Menthon, president of the employers' movement Ethic, confirmed Monday morning on BFM radio that throws in the towel, not wanting to go to court to assert his candidacy. The opponent has indeed encountered a stumbling block in his plan to run for President of the MEDEF: it accuses of late payment of contributions to Medef, and therefore can not seek the presidency as announced in Le Figaro April 13 last.

"I brought a check to pay my dues Medef late, said Sophie Menthon on BFM. They told me that before I can file my application, a preliminary investigation was necessary, and that the MEDEF could not decide on my application before JuneI will not lead employers in a legal battle. "

She believes however that the Board of Medef could meet quickly to endorse its regulation, and allow it to occur. It therefore deplored the reluctance of the employers' organization to focus on his record, leaving the way open for Laurence Parisot.

"It's a huge strategic mistake, says Sophie Menthon. Fear has won. There was no reason not to campaign. There's more dirty linen to wash the MEDEF. "She promises to give its program and its positions by means other than a campaign.

Thibault Lanxade "will not go"

Lanxade Thibault, head of the SME Aqoba, who had called for a "primary challengers last fall, has also withdrawn from the race for President of the MEDEF.

"I will not," he said on BFM Monday.Its share was "convinced" by Laurence Parisot as the debate that he dearly wanted to be actually carried out in case of re-election of outgoing President, and he should remain internal to the MEDEF. A rally that he claims to have made "without any pressure," believing that "the unit of employers is more than ever necessary" because of the crisis.

ALSO READ

"VIDEO – Sophie Menthon to Talk Orange-Le Figaro, April 15

"Menthon" presidential candidate of the MEDEF "

"BLOG – The underside of the Social

Until Friday 20 hours, 23 French airports will be closed. Should the traffic resumed after that, it should be very disturbed, Air France warned. It is unnecessary to call the airports closed, which are unreachable. A?roports de Paris also discouraged to go there without checking with the airline that the flight is assured.

Telephone services of these companies are often saturated, websites are a good alternative, or the site of Aeroports de Paris to see which offers flights already canceled.

In general, European companies are obliged by offering passengers the choice between a refund within 7 days and a deferral of travel within 30 days after the originally scheduled departure date.However, they do not have to pay additional compensation because the delays and cancellations are related to unpredictable weather. It also means that companies are not obliged to cover costs incurred by this hazard (taxis, hotels, etc..).

Air France

The company ensures that passengers whose flights had been canceled may defer their travel or to redeem the tickets. However, Air France has added any details as to the details of the loan, but should do so in the day.

For more information:

Schedules, delays, cancellations

Phone: 3654 (0.34 euro per minute) or by sending SMS flight number 6 3654 (example: AF2062).

Lufthansa

In case of delay or cancellation, the German company committed to providing a place for the next available flight.It also offers ticket refund passengers who choose to cancel their travel and offers a change of booking without charge to people who want to postpone to a later date, stating that this change could be done "within existing terms of the note, "without elaborating.

For more information:

Schedules, delays, cancellations

Reservations and information: 0 892 231 690 (0.34 euro per minute)

Alitalia

No information on ticket refunds.

Schedules, delays, cancellations

Reservation Center: 0 820 315 315 (0.12 euro per minute)

BA

A change of date or destination is possible (or nearest town in the same country).The new trip must be held within three months after the date of the trip.

For more information:

Schedules, delays, cancellations

Change their booking online

Reservations and information: 0 825 825 400 (EUR 0.15 per minute)

Customer relations: or 0825 892 892 01 42 94 73 21

Iberia

The company will accept the changes of tickets purchased before April 15 and travel planned until April 17 departing or arriving in Paris, London, Dublin, Brussels, Amsterdam, Copenhagen, Dusseldorf, Frankfurt, Berlin and Moscow. Customers can choose a new date or another destination without having to pay penalties. These changes may be made until April 29, and new tickets issued will be valid until June 30The series aircraft IB7000 made by British Airways between London and Madrid will obey the same conditions.

For more information:

Schedules, delays, cancellations

Information: 0 825 800 965

Easyjet.com

You can take another flight or refund the amount in line after having verified its cancellation. EasyJet guarantees a refund within 30 days (follow the directions on the site). The flight changes may themselves be selected at any time within 30 days of cancellation.

For more information:

Schedules, delays, cancellations

Phone: 0 826 10 33 20 (0,15 euro per minute)

Ryanair

Nothing special on the website of Ryanair on this particular disturbance. General information on flight cancellations are available here.

For more information:

Schedules, delays, cancellations

Telephone: 0892 780 210 (0,34 Euro per minute)

Other companies

All numbers of airlines are available in the directory of Airports of Paris.

For their part, tour operators are not legally required to reimburse the expenses incurred for travel packages. "It's a case of force majeure which exempts professional liability indemnification, compensation or provide benefits to its burden," said Jean-Marc Roze, the secretary general of the National Union of Travel Agencies ( SNAV). The case of force majeure must meet three specific criteria: "to be unpredictable – the situation is unpredictable as ever happened before, and irresistible – we can not prevent the event from occurring, and insurmountable – the situation once arrived, they can not go against it.

However, tour operators, however, arguing Friday studying the best way to help their customers.

ALSO READ:

"23 French airports closed until at least 20 hours

While Dubai World to present on Thursday a plan to restructure its debt of 23.5 billion dollars, the government of Dubai, through its fund for financial support in place last July, will provide financial support 9.5 billion dollars in conglomerate.

These funds "come from $ 5.7 billion remaining of a loan made earlier by the government of Abu Dhabi and own resources of the Government of Dubai," the statement said.

Dubai World said that its total debt was 23.5 billion dollars but that the Dubai government had proposed to convert its equity share of 8.9 billion dollars, or 38% of total debt instant payday loan! !???!!!???!!!.The 14.6 billion U.S. dollars remaining will be reimbursed at 100% over a period of five to eight years, says Dubai World.

The total debt of Dubai, meanwhile, is estimated between 80 and 100 billion dollars but some experts say could reach $ 170 billion.

ALSO READ: "The Emirate of Dubai maintains its affiliates

The aerospace supplier Zodiac Aerospace publishes Monday sales down sharply for the first half shifted 2009/2010. In this period, group revenues fell 12.8% to 966.1 million euros against 1.1 billion a year earlier. The Aircraft Systems Segment is the most affected with a decline in turnover from 25.7% to 219.6 million euros due to lower sales in the aviation business.

For group management, however, these results are consistent with expectations. "Despite the economic crisis affects, as expected, with a few months later the entire aviation industry suppliers, the activity of Zodiac Aerospace resists the first half," said a statement.

Signs of improvement have also been detected in the second quarter, when revenues decline by 10.6% was less marked than in the first quarter (-14.9%) guaranteed cash advance . The Group therefore maintains its goal of operating profitability of 8% on the basis of an average euro / dollar of 1.50.

For 2010/2011, Zodiac placed on an improvement "sensitive" to the economic situation, thanks to a recovery in air traffic and the intentions of deliveries of major manufacturers. Management expects a net profit whose development will be consistent with current operating income.

On Monday at the Paris Stock Exchange, the shares closed down 2.04%, to 33.865 euros in a market decline of 0.93%.