Lagardere Group and Marie-Claire will announce on Friday the merger of their respective women's weekly, Be, Envy, launched in spring, following the slowdown in sales, "wrote Le Figaro.
The announcement comes as the magazine Grazia, the Italian group Mondadori, celebrates its first anniversary, the newspaper said.
Lagardere Active said Thursday it would make an "important announcement" on Friday morning, without further details.
"The proposed merger of two weekly was presented yesterday to the works of two groups," said a source quoted by Le Figaro.
To move into the niche market of women but crowded, Lagardere had decided in March to create the brand Be, both magazine, website, television series, application for the iPhone and web radio.
Lagardère Group owns 42% Marie Claire, one of which minority interests Arnaud Lagardère, general partner of the group, reiterated Thursday night trying to get rid.
"Be" was the first launch of magazine audience Lagardère since 2003. The group, which had invested some 20 million euros rough in launching this new brand, targeted a breakeven within three years.
According to Le Figaro, the approximation of the two week early due to faltering sales.Be seen its circulation fall to 171,397 copies sold in late June against nearly 230,000 at the beginning, while qu'Envy barely exceeded 160,000 at the same time cons over 240,000 at its launch in February.
Wall Street ended lower on Thursday, concerned about the unexpected rise in jobless claims and mixed numbers on sales of major distributors in July, which underlined the fragility of the economic climate on the eve of the monthly employment statistics.
The Dow Jones closed at a decline of 5.45 points, or 0.05%, to 10,674.98.The Standard & Poor's 500 index lost 1.43 point (-0.13%) to 1,125.81 and the Nasdaq composite 10.51 points assigned to (-0.46%) to 2293.06.
The jobless claims rose to 479,000 last week, while the market awaited them down.
This figure disappointed investors and urged them to exercise caution on the eve of the monthly report on employment in the Department of Labor, which should show a further rise in the unemployment rate in July.
"The entries do not persist in fall and this could foreshadow a bad time tomorrow," said Bruce Zaro, responsible for technical strategist for Delta Global Advisors.
Economists polled by Reuters expect for July 65.000 jobs were non-agricultural, particularly because of the end of many fixed-term contracts in the public related to the decennial census of population.The private sector, he should have created 90,000 jobs.
These uncertainties on the employment front are fears of a continued weak consumer spending, the main engine of the U.S. economy.
As for July, 28 retailers tracked by Thomson Reuters have reported an increase of 2.9% over one year of their store sales, while analysts had forecast to 3.1%.
NEWS CORP SOUGHT AFTER RESULTS
The Morgan Stanley sector yielded 0.35%.
Several values of the retail sales of which have consistently been disappointed penalized, like JC Penney, which yielded 7.7%, and Dillards (-5.2%).
"We are now in a situation where dollars are increasingly scarce in the pockets of consumers, thus able to compete for these dollars is intensifying," said Lawrence Creatura, manager at Federated Clover Investment Advisers.
If July is the 11th month of improvement in retail sales according to data from Thomson Reuters, analysts point out that comparisons to last year will be less favorable over the month.
Large groups have published their results on Wednesday or Thursday experienced divergent fates: while News Corp. gained 3.6% thanks to strong performance of its cable networks and the resumption of advertising revenue from its newspapers, Viacom yielded nearly 1 %, analysts have been disappointed by the stagnation of its turnover.
Also note the sharp increase in fertilizer producers, such as CF Industries (+3.5%) and Mosaic (+1.8%) in the wake of wheat prices after the announcement of the interruption of Russian exports .
In after-hours trading just after the closing, Kraft Foods gained 2.8% in response to the publication of its quarterly. The title had ended in decline 0.3% on the New York Stock Exchange.
Registrations of new cars in France fell 12.9% in July over a year to reach 169,804 units with the continued weakening of the effect "scrappage" announced the Committee of French Automobile (CCFA).
The month of July had 21 working days, against 22 last year.A comparable number of working days, the decline in sales stood at 8.7%.
Of the first seven months of 2010, registrations in France, however, still stand up 2.8% in raw data to 1,382,240 units, and 2.1% in comparable number of working days compared the same period of 2009.
Sales only French brands fell 15.4% in July, while those of foreign brands fell 9.9%.
Car sales of PSA Peugeot Citroen shrank 15.0% last month, and those of Renault were down 7.6%.
Registrations only Dacia (Logan, Sandero and Duster) jumped 47.5% on month, while those of Renault fell 15.9%.
For PSA, sales of the Citroen were down by 17.0% and Peugeot were down by 13.3%.
Soitec said Monday sales of 2010-2011 in the first quarter increased 56.5% over the same quarter in 2009-2010 and 9.6% from the previous quarter, against a background of strong demand and thanks to a favorable currency effect.
The world's leading manufacturer of silicon-on insulation (SOI) for the microelectronics industry said in a press having achieved sales of 68.6 million euros over the period April to June 2010.
Soitec anticipates sequential growth in sales over 20% in first half on the basis of one euro to $ 1.27, with a return to balanced operating income, including its new photovoltaic business Concentrix.
"The latest information on the second quarter show a level of wafer sales support," said the company in a statement. "On a sequential basis, the quasi-stable plate sales at constant exchange rates to continue to support the initial prediction of the group given the correct orientation of the demand," she adds.
Soitec announced in May that a return to operational balance power could intervene in the first half, Concentrix out after a loss of 28.9 million euros in 2009-2010 and 28.4 million in 2008-2009.
Soitec acquired last December 80% of photovoltaic systems provider Concentrix.
The European Commission said Wednesday that the reform program initiated by Greece out of the recession and the debt crisis was largely on track.
The process of fiscal consolidation is consistent with guidelines established under the rescue plan member countries of the euro, the commission said in a report on his mission to Athens for the month of June
Brussels also awarded full marks to the advancement of fiscal and structural reforms of pensions and the site opened by the government of George Papandreou in exchange for massive financial support from its European partners and the IMF.
The report notes as well that if tax revenues were slightly below expectations, lower expenditure of the State is it more pronounced than expected.
But the Commission considers that the Greek economy suffers from a lack of competition and some macroeconomic data are incomplete.
"Although this overall assessment is positive, with an application of this program largely on track, this preliminary review has identified a number of pressure points and areas where further progress is necessary," reads the report in .
Greece, the debt crisis has shaken the euro area, negotiated a financial assistance of 110 billion euros with the EU and the International Monetary Fund and pledged in return to a policy of economic stringency in particular through a reform of its pension system adopted in late June by the government.
On Monday, Finance Minister George Papaconstantinou said he was confident his country's ability to meet its goal of reducing the budget deficit to 8.1% of GDP this year, against 13.6% in 2009.
To access the full report of the Commission, in English, double-click here
Never has a country had not yet obtained a loan of that amount: the countries of the euro area and the IMF have pledged – conditionally – 110 billion euros to Greece three years. A rescue plan for unprecedented growth. Greek crisis is far from over.
The € 110 billion is enough?
Greece needs money, lots of money to finance its huge debt, this year close to 300 billion euros and is expected to peak in 2013 to nearly 150% of GDP. Now the country that is experiencing the worst financial crisis in its history, no longer able to finance on the markets by issuing bonds. Or is prohibitively expensive. Loans from the EU and the IMF at a rate "preferential" 5% are therefore welcome.They will allow Greece to avoid having recourse to financial markets for at least 12 months according to analysts at Goldman Sachs, according to the IMF 18 months or almost three years according to Natixis. For Philippe Sabuco, economist at BNP Paribas, the plan "gives Greece a breath of oxygen, time to clean up its finances without the pressure of markets". "This is likely to reassure the markets," he assures.
The market pressure is she back down?
A little, even if financial markets have allowed the development aid for Greece with skepticism. The situation has improved – in moderation – on the front of Greek government bonds, whose rates remain at very high (around 8.59% for bonds of 10 years and 9% for bonds to two years ). European shares closed broadly higher on Monday, May 3, but the euro remained below $ 1.32.But no matter, since Greece will now and for at least one year to contract.
Greece can it succeed in its fiscal?
In return for financial assistance from the EU and IMF, Athens is committed to reduce by ten points over its budget deficit by 2014, equivalent to 30 billion euros in savings. Cups of public wages and public spending, freeze pensions, increase in VAT, tax and taxes on alcohol, cigarettes and gasoline are on the menu of the Greek government. With regard to economic analysts, the plan of adjustment is "doable." "Provided it is well established," warns Laurence Boone of Barclays Capital. Politically, its adoption by the Greek Parliament is not in doubt, the socialist majority in power supported by the main right-wing party.However, the pill will be more difficult to move public opinion.
Read also: What would happen if France swallowed the potion Greek
The Greeks are they willing to accept the cure of austerity?
Even if the popular support in the person of Prime Minister George Papandreou remains strong, opinion polls show growing opposition to austerity measures. For the Greeks, the plan is largely synonymous with painful efforts: life will become more expensive, their purchasing power will fall and unemployment threatens to explode. The public sector, the main focus of the austerity measures, is the most hostile. The unions are ready to fight against this shock therapy. They call for a new – the third in less than three months – day nationwide strike Wednesday, May 5 The mobilization will be a test of the government's ability to impose its plan.
When Greece Will she get out of the crisis?
The downside of this fiscal restraint is the recession that looks worse-than-expected decline of at least 4% of GDP this year and 2.6% in 2011, -2% in 2009. "Fighting against the economic crisis, as is now the priority for Greece," said Philippe Sabuco. But "this new program of fiscal consolidation will have a depressive effect on domestic demand, which could lead, ultimately, tax revenue by less than expected," said economist of BNP Paribas. To support the return of growth expected in 2012 (+1.1% increase in GDP by Athens), the Greek government plans to make more flexible the labor market. It also intends to fight against tax evasion which, according to economists, could rebuild the Greek budget of several percentage points – the black market economy represents between 20 and 40% of Greek GDP.However, Laurence Boone Regrets, "there is little detail in the Greek plan on structural reforms to raise the country's growth. The Greek'économie suffers from several weaknesses: it is not competitive and dependent on cyclical sectors at a lower value (shipping, tourism and agribusiness).