Philip Carli, who arrived in October 2010 within the Amaury group, wants to make Paris Aujourd'hui en France "a reference to the national daily press and local cross-media in France."

LE FIGARO. – What is the content of the proposed stimulus package you presented yesterday to the employees of "Parisien in France today?"

Philippe CARLI. – We have decided to invest 30 million euros to develop and diversify our offer. This choice results from the observation that 80% of our revenues come from sales to the number. We must therefore meet the expectations of our readers. The objective is to increase our revenues of 100 million euros on the brand Le Parisien in France today. To retain and expand our audience, we plan to invest ten million euros, with, among others, the creation of a weekly magazine offers.Coupled with the daily on weekends, it will include in the second half of 2012, a news and lifestyle magazine picture of a hundred pages. In a second step could be added a weekly edition of our monthly enriched La Parisienne.

And for everyday?

Besides the fact that the model will be upgraded with a passage of 64 full color pages, we wish to reaffirm our commitment to strengthening our close nine departmental editions (eight departments of the Ile-de-France and the Oise), representing 49% of our sales. We plan to increase their editorial pagination of 50% and increase local resources, including rich media. Finally, to be closer to the cities and communities, we want to enter into agreements with associations, clubs and municipalities.A manager of the communities would be created for each edition.

You also mentioned before the diversification of employees …

Indeed we expect to invest 20 million euros in acquisitions of companies specializing in electronic transactions, including trade between individuals, group purchasing, or even the classifieds. We are also interested in human services.

The envelope of 30 million euros, also includes capital expenditure?

The journal's editorial changes will be accompanied by a modernization of two of our printing presses Saint-Ouen, where we have modernized our mailroom at a cost of 3 million euros. In addition, we invest in our management tools related to our subscribers, our readers and clients.30 to 35 million French people each month are in contact with one of the hallmarks of our group (Le Parisien in France today, the team, Amaury Sport Organisation). It's time to capitalize on these contacts by imagining new offers for our subscribers. I am convinced that this is a very strong leverage income.

Where are you in the digital convergence of your editors?

If there is one place where it is well advanced, it is in our county editions, where journalists play the game But there is still room for improvement, including better integration of information flow and anticipate events . In terms of organization of the group Le Parisien, five major areas should be established, bringing together existing services around cross-cutting issues – news, entertainment and sports – and two that would be created – investigation and image.The realization of any newspaper should be linked to art direction and a cross-media desk would also be created to handle all information and redirect them to different media.

This major reorganization will she downsizing?

It should actually result in the removal of items from 40 to 50 of the 600 employees that has Le Parisien. But I said that my desire is to avoid forced departures. We want to set up a voluntary redundancy plan the details of which will be discussed with the social partners in September.

What functions are involved?

Mainly managerial functions, simplifying the hierarchical organization, and positions related to the achievement of the newspaper.The creation of new centers, in particular survey and image, is expected to provide opportunities in writing to some of those involved. Scribblers writing should not, however, be affected.

On the branch Amaury Sport Organisation (ASO), what are your plans?

We will continue its internationalization. Several opportunities are being explored. We will support the development of ASO in South America, including Brazil, where we opened a subsidiary in late 2010. But also in Spain, where we took a significant stake in the Vuelta, the Tour of Spain. We also plan to organize events around the bike in Qatar and Oman. Discussions are also underway for events in China.

The U.S. textile specialist VF Corporation will put her hand on her compatriot Timberland. That's what we announced on Monday the two groups in a communiqué.VF Corp., which owns brands such as backpacks by The North Face and Eastpak, those pants Wrangler and Lee, or that of Vans shoes, putting on the table $ 43 in cash per share Timberland, a premium of 43.4% from $ 29.99 registered at the close of Friday night. In total, the offer values ​​Timberland approximately $ 2 billion. The operation, which has already been approved by both boards, is expected to close during the third quarter, according to the objectives of VF Corporation.

Timberland, which carries 50% of its international business, this year should reach $ 1.6 billion in sales.Moreover, the management of VF Corporation aims for his target annual sales growth of 10%, and believes that the transaction will be highly beneficial in its own earnings per share in 2011, but also in 2012.

An operation "transforming"

In total, the new entity is expected to exceed $ 10 billion in annual sales. On the one hand, VF account of course benefit from the presence of its target international markets, including Japan, but mainly to diversify its brand portfolio, while bringing to 50% share of its turnover in the outdoor business

The red is reasserting itself as the dominant color in Asian markets Wednesday. Since the beginning of the week, on concern the economic performance of U.S. and sealed the growing popularity of U.S. President, Barack Obama. After a disappointing set of indicators, including employment figures worse than expected, it was the turn of the Central Bank (Fed) to rub salt into the wound. Its chairman, Ben Bernanke, pleaded Tuesday for the maintenance of a "monetary policy complacent" against an economic recovery "desperately slow in terms of millions of unemployed or underemployed assets. According to the Fed, "growth should recover somewhat in the second half, but remain generally moderate. These words were very reassuring result of pull down Wall Street.

On Wednesday, the Tokyo Stock Exchange reacts in turn negatively.The Nikkei, which started on a stable note, losing 0.34% to 9410 points at a time of closing. The index is penalized by lower export values, themselves affected by a further strengthening of the yen against the dollar. The automotive sector is abused, as evidenced by decreases of Honda Motor (-1.46%), Nissan Motor (-1.02%) and Toyota Motor (-0.46%). The title Tepco, very volatile, also weighs on the side with a drop of 9.26%. In its wake, Kansai Electric Power lost 1.55% and Chubu Electric Power 3.21% loose.

Technological side, Sony is gaining 0.44% after introducing its new portable console Vita and its 3D games, while trying to forget the piracy of its network, at its conference held in conjunction with E3, the largest show dedicated to videogames, which opened Tuesday in Los Angeles.Conversely, Nintendo unscrewed from 5.96% after raising the curtain on the new version of its Wii game console, the controller now has a touch screen. Dubbed WiiU, the new console would be launched between April and December 2012, said the Japanese group, without specifying the price.

The Stock Exchange of Hong Kong and Shanghai are also in the red. the Hang Seng lost 0.93% and the Shanghai Composite dropped 0.34%. The banking sector in Hong Kong is attacked, like HSBC Holdings, which fell by 1.06%.Even the movement: the Korean Kospi 1.34% loose, the Australian S & P lost 0.43% and the Indian Sensex down 0.35%.

Oil on a mixed note

Oil prices were without direction Wednesday in electronic trading in Asia, in expectation of an OPEC meeting in Vienna in the day that might decide to increase production.

In morning trading, a barrel of light sweet crude for July delivery took 7 cents 99.16 dollars. That of Brent North Sea crude for delivery same retreated 48 cents to 116.30 dollars.

On the one hand, a record that gets heavier, so that Russia decided Thursday to suspend imports of fresh products in Europe. On the other, an investigation that starts at zero or substantially after the abandonment of the false scent of cucumber, blanched Wednesday night by the European Commission. The outbreak of diarrhea and hemolytic uremic syndrome * Germany that began in early May, is unprecedented in scale in Europe.

Due to enterohemorrhagic E. coli also called secretory shigatoxin (STEC or VTEC), this episode is also exceptional by serotype in question, called O104: H4. "Before the current episode, this serotype had been identified only once, in 2005, a woman of 29 years in South Korea," notes Patrick Fach, research director at the National Health Security Food, Environment and Labour (handles) business cards.A novelty which partly explains the difficulties investigators to trace the source of contamination. On Thursday, the European Centre for Disease Prevention and Control (ECDC) confirmed this identification. The cause of the contamination is still under investigation, said the European agency. For WHO, this strain has never been observed in an epidemic situation.

Moscow has banned imports of European vegetables. Photo credits: Markus Schreiber / AP

Secretary General of the OECD since 2006, Angel Gurria, 61, has been renewed for a second term of four years as head of the organization in 2010. Former Minister of Finance, Budget and Foreign Affairs of Mexico, he managed an iron hand the consequences of the Mexican crisis of 1995. He is an ardent supporter of the enlargement of the OECD to emerging countries.

LE FIGARO. – What is the OECD today? Is it the think-tank of globalization?

Angel Gurria. – No this is not a think-tank! It is an intergovernmental organization dedicated to the promotion and implementation of better policies for a better life. We observe, measure, comparing the data, draws conclusions, which are transformed into policy proposals. It covers all the topics of economic, social, environmental.Only exceptions: military defense.

In fifty years, what do you see as the greatest successes of the OECD?

We just updating the code of conduct for multinational enterprises, written fifty years ago and upgraded several times! Among the findings of the OECD, I quote: the principle of "polluter pays" principle, the objectives of the Millennium Development Goals, the issue of scarcity of natural resources.There are also investigations on education Pisa (Programme for International Student Assessment, Ed) which are a bombshell in the world's lowest-scoring, or the anti-corruption convention, which gave rise to new legislation in Russia, Israel, Chile and the United Kingdom! Finally, thanks to the OECD, bank secrecy for tax evasion is dead …

The great weakness of the OECD is it not the absence of sanctions?

The power does not lie in the ability to punish but to convince. No international organization can not really impose sanctions on Member States, apart from the European Union fast cash advance loan. But the EU is a special case: the Member States agreed to dispose of part of their sovereignty, which is not the case at the OECD.Nevertheless, our country reports, our rankings and our method of Pisa "name and shame" (literally "name and shame", Ed) on taxation are feared by the Member States.

Does it matter that the G20 countries are not all OECD member?

No! We work with Brazil, China, Russia, India, South Africa or Indonesia daily on all subjects. They are asking for reports. They participate in our work. Of course, it would be better if they were full members because they participated in our decisions, but we are not looking to become a universal organization. Efficiency does not depend on the number. The important thing is to have the views of major emerging issues of global concern.

What would prevent China from being an OECD member?

Nothing! She can start accession negotiations tomorrow, if she wishes.The OECD was invited as a privileged partner in 2007, with a membership perspective. At the approach to it, decide if it wants to become a member or not. For us it would be an honor and a privilege. Then, in the end process, it will be for Member States of the OECD to decide if China meets the political criteria and techniques …

Should we restructure, reschedule debt Greek?

The decision to go to a debt rescheduling Greek does not seem bad. This gives time to digest Greece for its adjustment measures. For contracts, grant a repayment is the lesser evil, which does not reduce the principal amount of the debt. When this was discussed at Ecofin, last week, lenders have responded well: the yields of the Greek debt eased. The markets were reassured.

Doubts seize the oil markets on Thursday. On the New York Mercantile Exchange (Nymex), the price of a barrel of light sweet crude for June delivery broke down the psychological barrier of $ 100. It closed at 99.80 dollars, a plunge of 9.44 dollars compared to the previous day (-8.64%). Prices had not changed at these levels since March 16, when the uprisings in the Arab world and worry about the nuclear crisis in Japan had made prices soar.

The downward trend is the same on the Intercontinental Exchange in London where a barrel of Brent North Sea crude for June delivery was trading session at 112.55 dollars, more than 6 dollars less than Wednesday.

U.S. job fears

This acceleration of the decline reflects the concerns of increasingly sharp operators on the health of the U.S. economy.The bad macroeconomic indicators are linked in recent days across the Atlantic, suggesting that the recovery is too fragile. The last, fell on Thursday, did only exacerbated tensions. On the eve of the publication of the monthly report on employment, investors learn that new jobless claims in the United States increased sharply during the last week of April, 474,000 applications for allocations, while economists s 'expecting a decline. The day before, the numbers of firm ADP showed that job creation in the private sector in the United States slowed in April, well below forecasts of economists.

These announcements point to a decline in oil demand in a context of high oil prices.In addition, a continued rise in U.S. oil inventories, which should have been starting to fall a few months of the summer of large displacements.

In this context, the sharp rise in the dollar makes things worse. Thursday disappointed by the decision of the ECB not to raise interest rates next month, traders got rid of their euros. Result: the single currency, which was worth $ 1.49 yesterday, falling almost 2% to 1.4547 dollar. A situation which penalizes the purchase of dollar-denominated crude and thus rendered less attractive.

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Morale is at half mast at TF1, which held its general meeting Thursday. The poor performance of hearing the first quarter will, according to financial analysts, the impact on advertising revenue. The consensus of analysts, they would be down 2% versus the first quarter of 2010, which had posted 355 million euros. It must be said that the first private channel has been unlucky in the first months of the year with JT sluggish and entertainment in free fall.

"In 2010, free channels have pulled their growth in a proactive policy volume. The screens are well filled in 2011, the price effect which is structuring. Yet the latter is related to hearings. And, in this case, they have not always been the rendezvous for TF1, "said Sergeant John the Baptist, the brokerage firm Gilbert Dupont.This was particularly the case in prime-time portion of which sank with the accident "Square VIIIP. The lower rates would have been understood for advertisers between 14 and 24% and it was not until the introduction of the game "Money Drop", Endemol, in a few weeks to recover.

The situation is quite different with regard M6 whose advertising revenues are up 7% to 162 million euros in the quarter. Good hearing chain Nicolas de Tavernost including the JT and "Scenes from" support price of advertising. "TF1 had some crashes while hearing M6 surfs its success," said Julien Roch, a financial analyst at Barclays. This virtuous growth is now linked to the rising cost of grid announced last September and is expected to be on the year, between 5 and 10%.A boost that seduces even more advertisers and audiences are waiting for you.

Disappointment in the markets

However, the side of diversification, the group experienced a fall impressive range of analysts estimated between 16 and 20% due to the collapse of sales of Bordeaux and a weaker performance on the market broadcasting rights for lack of a twilight or indoor video.

On Thursday, during TF1 fell 4.19%, to 12.35 euros, while that of M6 lost 2.22%, to 17.85 euros. However, analysts remain calm. At European level, falling valuations of media companies is around 20%.

After breaking the 4000 point mark, the CAC 40 is struggling to find a direction Thursday. The index initially opened higher and then came back in the red, losing 0.09% to 4020.80 points.

At the London Stock Exchange, the FTSE-100 gained 0.41% to 5972.44 points and the Dax index featuring the Frankfurt Stock Exchange climbed 0.16% to 7068.29 points.

On the macroeconomic front, several indicators are planned, including price indices for production and import of industry (8.45) and indices of agricultural prices in February (12:00). After the Minister of Budget, Baroin, announced Wednesday a government deficit of 7.2% in 2010, the Minister of Economy and Finance, Christine Lagarde, sees even less than 7% on Thursday. INSEE reveal the exact figure at 8.45.

For the EU, a first estimate of inflation in March is expected at 11:00.United States, are scheduled weekly claims for unemployment benefits (1430), activity in the Chicago area in March (15.45) and in February industrial orders (16 hours).

On the currency markets, the euro continues to rise against the dollar at 1.4154 (+0.20%).

The debt crisis in the European program

Oil prices were up Thursday morning in electronic trading in Asia in the wake of the rebound on Wall Street, analysts said. In morning trading, a barrel of light sweet crude for May delivery gained 28 cents to 104.55 dollars. That of Brent North Sea crude for May delivery took 20 cents to 115.33 dollars.

The eyes of investors will also be turned on Thursday to Ireland will be published when the stress tests of banks in the late afternoon.The debt crisis is again in the spotlight, while the Portuguese rate exceeds 8% and that the Greek deficit was revised upwards.

Meanwhile, the banking sector shows the highest increases in the Cac 40: 2.09% Societe Generale loose at 46.49 euros, Credit Agricole sells 1.92% to 11.78 euros, BNP Paribas lost 1.58% at 52 , 46 euros and Natixis was down 1.06% to 4.02 euros.

In contrast, Renault, despite its setbacks in the false case of espionage, climbing from 1.64% to 39.36 euros, the largest increase in the Cac 40.Total (0.91% to 43.31 euros) and Vallourec (+0.44% at 79.85 euros) complete the podium.

LVMH: -0.04% to 111.60 euros

In addition, the Annual General Meeting of LVMH will be held at 10:30.

Poweo: -2.33% to 4.61 euros

With a loss of 146.2 million euros in 2010 against a loss of 85.3 million in 2009, operating income of Poweo was sealed by non-recurring items, as announced in February. The net loss attributable to group Poweo has for his part amounted to 133.4 million euros, against a loss of 93.5 million in 2009.

After-hours trading, Cellectis Genoway publish their annual results.

Renault: 1.64% to 39.36 euros

Nissan and Renault were heading towards the establishment of a holding company which unites the two car manufacturers under one roof, said Carlos Ghosn, president of both groups, in an interview published by the Nikkei newspaper.But a spokesman for Nissan denies this morning, stating that this article resulted from a misinterpretation of what the CEO.

L'Oreal: -0.06% to 82.99 euros

YSL Beauté (L'Oréal) will cease in advance to create and develop the flavors of the Italian luxury group Ermenegildo Zegna, according to a statement released Thursday.The license agreement, which was to expire in April 2013, ending June 30, said the world number one cosmetics.

Publicis: -0.36% to 39.86 euros

Publicis announced that Jean-Yves Naouri, tipped as a possible successor to current chairman Maurice Levy, was appointed executive chairman of Publicis Worldwide, a subsidiary of the group including its network of marketing and advertising.

Schneider Electric: -0.17% to 120.40 euros

The electrical equipment manufacturer Schneider Electric announced Thursday the acquisition of assets of DigiLink, the "leading provider of structured cabling in India", about 80 million.

Areva: Trading suspended

The Strategic Investment Fund announced in a statement Thursday it has completed the acquisition of the stake in Areva STMicroelectronics.The nuclear expert held 10.9% stake in the OEM electronics.

Maurel & Prom: -0.04% to EUR 13.61

The independent oil company Maurel & Prom will ally with the Colombian Pacific Rubiales Energy by assigning half of his rights in a series of permits.

Trigano: 1.44% to 24.25 euros

The specialist for caravans and motorhomes Trigano announced a six-monthly sales growth should, in his view, lead to market share gains and improved "sensitive" in its results for first half of the year.

Saft: -0.67% to 29.09 euros

The battery maker Saft has announced in a statement that only one of components it buys in Japan is produced in the region of the country affected by the earthquake and tsunami of 11 March.

Roselyne Bachelot, the Minister of Solidarity and Social Cohesion, which is working on a report on the dependency they deliver to the President of the Republic in June, wants a France of "Benevolence and Welfare." In an interview in Paris this Saturday, the manager discusses the upcoming launch of a website that will list all retirement homes in France and their tariffs, to cope with the "obstacle course" facing the elderly and their families for access to these institutions.

Quality indicators next year

"Like I formalized indicators in hospitals, I am setting up of quality indicators in facilities for seniors," said the minister in daily newspaper.Will thus be taken into account in these indices, among others, the struggle against "nosocomial infections, quality hotels and restaurants, and the ratios." Such figures should be available next year , she plans.

Note that last July, the Hospital Federation of France has launched a website (retraite.fr-houses) dedicated to the care of the elderly. On this website, each sheet contains qualitative information about the nursing home concerned. Further practical information (address, price) are shown including the number of patients per caregiver, the degree of dependency supported, comfort criteria, the presence or absence of a psychiatrist or a therapist ….

Addiction is one of the big issues of government while con cost is estimated at 22 billion euros per year, including $ 11 billion to the burden of Medicare and $ 6 billion under the APA, the allocation custom for autonomy. Especially as we come to the end of generations of hollow 1914-1918, which should have been dependent in recent years, and the baby boomers become dependent from roughly 2025. Hence estimates of 30 billion euros in annual cost to run.

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Unparalleled catastrophe experienced by Japan will lead to a severe impact on the accounts of insurers. The industry giant, AIG, announced Friday night that these events will cause a gross loss of $ 700 million (493 million) at its insurance arm injury Chartis.

In total, the insurer expects a gross loss of $ 1 billion (705 million euros) for its subsidiary in the first quarter 2011, a hole of $ 900 million after tax (635 million euros). In addition to the cost of the disaster Japanese, this loss is cut by "preliminary costs associated with the New Zealand earthquake, winter storms in the U.S., Australian and Brazilian floods and Cyclone Yasi in Australia," says AIG.

The bill may still rise, warns insurer American.This preliminary estimate does not take into account the group's participation in public reinsurer JERC Japanese (Japanese Earthquake Reinsurance Company) responsible for pooling the risks to the sector and to compensate victims of an earthquake on the archipelago.

Uncertain cost

A little over a week after the Japanese earthquake, opinions differ as to the cost of catastrophe for the insurance industry and reinsurance. According to risk modeling company EQECAT, the bill would rise between 12 and 25 billion dollars (12 to 17.6 billion euros). A range that would make it the most expensive natural disaster in history. But this estimate remains below that of another specialist, AIR Worldwide, which expects losses of between 15 to 35 billion dollars (10.6 and 24.6 billion euros).

The rating agencies consider that these figures do not endanger the insurers and reinsurers. "The losses should be absorbed by the sector without causing serious solvency problem or special financial strains," said Fitch Ratings in a note published Friday. Her colleague Standard & Poor's added that insurers have a strong financial position to face these hardships.

All, however, remains cautious. The cost of the disaster could still be revised upwards. And, as the consequences of the nuclear accident in Fukushima on the health of survivors, yet unmeasurable, insurers in the coming years could be heavily involved.

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