Françoise Bettencourt-Meyers has requested in writing to become the beneficiary of some life insurance from his mother – to the tune of 93 million – "because of an agreement" with her past, said Sunday AFP to the former agent of the billionaire, Pascal Wilhelm.

The New York Stock Exchange closed up 0.71% Monday, the Dow Jones 30 Industrial winning 85.15 points to 12,068.39 points.

The S & P-500, wider, took 7.89 points, or 0.63% to 1261.12 points.

The Nasdaq Composite was up on its side of 9.10 points (0.34%) to 2695.25 points.

Values, Best Buy has lost 3.11% after announcing it would pay 838 million pounds (977 million) in the UK Carphone Warehouse to buy back its share in their joint venture in mobile phones in the U.S. .

Tekelec has jumped more than 14%. The technology provider networks agreed to be acquired by a consortium of investment funds led by Siris Capital for about $ 780 million.

General Motors has announced the retirement of Nick Reilly, current head of the European activities of the group and its replacement next year by Karl-Friedrich Stracke.

Net income for the Swiss reinsurer has more than doubled in the third quarter to $ 1.35 billion (988 million) against 618 million in the comparable period in the previous year.

Swiss Re said the performance by "a moderate level of natural and unique effects positive."

Premium income rose to 5.74 billion against 5.05 billion a year earlier.

The combined ratio, a key indicator of operating profitability in the sector, however, has deteriorated to 80.8% against 76.4% last year.The combined ratio was expected at 89.7%.

The world's second largest reinsurance confirmed its medium-term objectives, for an ROE of 700 basis points above the average over five years and an average annual growth of 10% of earnings per share.

"Our financial targets in 2011-2015 reported in February 2011 is our top priority and we are fully dedicated," said CEO Stefan Lippe in a statement.

The group also expects a modest turnaround in the market but general damages, liability and accidents.

The world's largest earth-moving machinery and equipment for the mining industry said to expect that its sales climbed 10% to 20% next year.

For all of 2011, the group based in Peoria (Illinois) now expects sales and earnings at the top of its previous forecast ranges with solid demand.

"Even if there is a strong dose of political and economic uncertainties in the world, we do not feel much in our business at this stage," says CEO Doug Oberhelman said in a statement.

"We believe that continued economic recovery, albeit slow, is the most likely scenario as we move forward."

In the third quarter, the company posted a net profit of $ 1.14 billion, or $ 1.71 per share, against 792 million, or $ 1.22 per share, a year earlier.

Analysts polled by Thomson Reuters I / B / E / S on average expected $ 1.54 per share.

The turnover stood at 15.72 billion dollars between July and September, up 41%, the group called a record, as the market anticipated 15.03 billion dollars.

After these announcements, the action Caterpillar opened up 5% to 91.82 dollars on Wall Street, the strongest gain in the Dow Jones advances 0.33% at the same time.

For all of 2011, Caterpillar said he expected sales to about $ 58 billion, including its recent acquisition of Bucyrus, whereas previously anticipated sales of between 56 and 58 billion.

Earnings per share are now expected to 6.75 dollars for the year, on top of an initial forecast range from 6.25 to 6.75 dollars.

Caterpillar said that 2011 would be a record year for the group if it achieves its performance targets and sales. The U.S. group said to have created 4,800 jobs during the quarter, including 2,000 in the United States.

The European Commission said Friday it would submit in the coming days proposals for a coordinated recapitalization which will allow to reassure markets worried about the resilience of the banking system facing the European financial and economic crisis.

They should be ready in time for the summit of the European Union and the euro area provided 17 and 18 October, which will give "a clear signal" on the subject, said German Chancellor Angela Merkel.

Asked during a visit to Armenia, Nicolas Sarkozy said Berlin was "the proper place" to discuss these issues Sunday.

German and European sources, there are reports of disagreements between Paris and Berlin on the use of European Financial Stability Fund (EFSF) to provide the necessary funds, the International Monetary Fund (IMF) estimates that between 100 and 200 billion euros .

For Germany, the appeal to EFSF, which has the capacity for intervention of 440 billion euros, should be a last resort, if the banks were unable to finance on the markets and whether their country are not able to provide them with public funds.

Receiving the Dutch Prime Minister Mark Rutte, Angela Merkel reiterated that the EFSF should be activated "if a country can go it alone."

According to a German source, the French, whose banks have the highest exposure to the debt of the peripheral countries of the euro area, "misunderstood the EFSF" and want money from the European emergency fund is available to all financial institutions in need of capital.

In Brussels, a source close to the talks said that one option considered for the recapitalization of banks is that the countries of the euro "access to EFSF jointly."

"Perfect identity of views"

This idea, which has the support of France but not Germany, would avoid the "stigma effect for a particular country" and display a significant clout vis-to-market, a the source said.

The French Ministry of Economy and Finance has sought to minimize the differences between France and Germany, emerged from discussions within the Eurogroup in Brussels this week, ensuring that the issue had not yet been discussed between the two countries.

"Our position is no different from that of the Germans: it takes more capital for banks, banks must first find in themselves the resources, then if they find private investors outside and ultimately being considered injections of public capital, "it was said at Bercy.

"All this must be discussed at European level and must be coordinated, it is currently being considered," they added noting that the issue of "instruments of a possible recapitalization public has not yet been addressed."

Diplomatic sources in Brussels, it indicates that the position of France is motivated by the desire to maintain the AAA rating on its debt for fear that it is under pressure in case of provision of public funds to banks important.

"The main thing for France is its triple A and it grows as a result of the use EFSF (for the recapitalization)," said this source.

Paris does not further that the current debate among Europeans are limited to this single question.

"It will be among the topics discussed but the main thing about Greece and the euro area, since the banks is a consequence" of the current crisis, said the French Ministry of Economy about talks Sarkozy, Merkel on Sunday.

In announcing last week his forthcoming visit to Germany, the French president had indicated he intended to "continue the work of collaboration and coordination" between Germany and France to protect the euro.

There can be between the two heavyweights in the euro area "a perfect identity of views to resist speculation, to resist the excitement of the markets and to protect Europe," he stressed.

The BoE's decision on Thursday to bring its program of asset purchases to 275 billion pounds underlines the fragility of the British economy, against a backdrop of fiscal restraint and spending power of consumers due to half-mast 'high inflation and weak wage growth.

The Governor of the BoE Mervyn King, in a letter to finance minister George Osborne, says that the global economic recovery has slowed and the debt crisis in the euro area has caused severe strains in financial markets.

"These tensions within the global economy threaten the British recovery," warns Mervyn King.

If the price increase is expected over 5% annual rate in the coming months, the recent deterioration in economic outlook bodes well for a return in the medium-term objective of the BoE, which is 2% in annual basis.

The Bank of England held rates unchanged at record low of 0.5%.This rate has not changed since March 2009.

The bold decision of the BoE to launch a new phase of quantitative easing contrasts with the more conservative ads of the European Central Bank.

The ECB also held its key rates unchanged Thursday while taking further steps to promote the supply of interbank liquidity and to intervene to the tune of 40 billion euros for the primary and secondary markets for bonds in the euro area .

OUTLOOK further deteriorated

Economists polled by Reuters had given a probability of 40% to restart its program of asset purchases by the BoE expected but mostly that it covers only 50 billion of extra pounds.

The sterling fell to 1.5280 dollars after the announcement, the lowest since July 2010, against 1.5466 before.

"The fact that the Monetary Policy Committee has decided to act now on the quantitative easing and he did it for 75 billion pounds rather than 50 points out that these members consider that the already difficult prospects of the economy further deteriorated due to headwinds both domestically and internationally, "said Howard Archer, economist at Global Insight.

"We believe that quantitative easing will be emphasized in the first quarter of 2012," he added.

The UK economy is virtually at standstill for a year while the government is facing a budget deficit that reached almost 10% of GDP.

The BoE had frozen to 200 billion pounds the amount of its asset purchases since February 2010 in favor of an economic recovery after a deep recession.

Restrictive means adopted by the BoE in view of inflationary pressures has markedly changed over the summer with the fear of a relapse into recession and difficulties for banks caused by the sharp correction in financial markets crisis the euro area and the signs of a global slowdown.

"We would not be surprised to see the total amount of asset purchases to 500 billion pounds, the new stage of quantitative easing, starting with the 75 billion announced today, adding an additional 300 billion in the first phase," said James Knightley, ING Financial Markets.

The consumer prices in France rose 0.5% in August on a month, after falling 0.4% in July, and were appreciated by 2.2% year on year, said Tuesday the Institute National Statistics (INSEE). The increase in August mainly due to the end of summer sales but also reflects the higher cost of services related to tourism, these increases are offset by a decline, also seasonal, fresh produce prices and prices of services health, INSEE said. The energy prices have also increased, both for the electricity, slightly, for petroleum products.

Excluding tobacco index is up 0.5% in August 2011 (+2.2% yoy).Prices of manufactured goods rose 1.6%, with 9.8% for clothing and shoes. Price increases also linked to the end balances were also found on furniture and furnishings (+3.3%) and leather goods and travel goods (+4.1%).

Conversely, promotions are behind the falling prices of new cars (-1.7%). The food prices fell slightly (-0.2%), decreased primarily due to lower seasonal prices of fresh products (-3.6%). Excluding fresh food, the food prices rose 0.4%, after rising 0.5% in July.

Rising energy prices

Seasonally as well, prices of services were up in August (0.1%).Price increases continued on holiday accommodation (12.0%) and package holidays (+4.4%), air transport (+1.5%) and restaurants (0, 2%). On the other hand and also how seasonal prices of hotels including pensions fell (-0.8%) as those of doctors (-0.4%) and dentists (-2.0%). Tariff reductions were recorded in the telecommunication services (-0.2%) and on health insurance (-5.2%).

The energy prices have instead increased (0.4%) after a stable in July. In one year, they increased by 11.9%. In August, electricity prices rose by 1.4% and prices of oil products edged up 0.1% (+15.5% yoy).

Ben Bernanke said the Fed would meet two days in September, instead of originally planned to study, among other things, the possibility of providing the economy with a new monetary stimulus.

Around 9:30, the CAC 40 index was progressing 1.36% to 3129.71 points, but still showed a decline of nearly 15% since the beginning of the month.

"Bernanke has tried reassuring.He said with confidence that the economy is resumed and that the Fed would do everything possible to encourage growth, "says Saxo Bank in a newsletter.

The bank also believes that prudence displayed by the Federal Reserve shows that she thinks "seriously" in a way to stimulate the economy. "What is rather positive," says Saxo Bank.

Other major European markets, Frankfurt and Milan s'adjugent respectively 1.25% and 0.98%, while the London is closed on Monday.The pan-European Euro Stoxx 50 index gained 1.16%.

"A third wave of 'quantitative easing' does not seem justified because, unlike last year, there is no risk of deflation in the short term interest rates are already very low," observing their side strategies Natixis.

As for values, banks in the euro area is progressing despite the 0.69% tax Christine Lagarde, director of the International Monetary Fund (IMF), stressing the need to restructure European banks.

Renewed investor confidence, however, is unfavorable to the less risky assets such as German government bonds (Bunds) to 10 years, whose performance is trading around 2.18% against 2.15% against almost Friday night at closing.

The euro rose 0.26% against the greenback at 1.4529 dollar.

A barrel of U.S. light crude advance of 0.53% to 85.82 dollars while Brent fell by 0.11% to 111.24 dollars.

The French bank said in a statement it had a net profit of 339 million euros in the second quarter of 2011, down 10.6%, after a charge of 653 million euros related to the crisis in Greece .

She said July 28 that the impact of the Greek crisis would cost a maximum of 850 million euros in its accounts of the quarter.

According to the consensus reached by the editor of Reuters, analysts on average expected a net profit of 193 million euros.

Over the period, net banking income rose 1.1% while the provisions for risk of loss on the credit increases by 14.8%.

Faced with the concerns of investors about the liquidity needs of banks, Credit Agricole said to have a reserve of over 120 billion euros of liquidity available in late July.

"Addiction to cash is limited to USD 36 billion, unrelated liquid reserves available," said the bank.

Net income for the Crédit Agricole group as a whole for its spring to 881 million euros for the second quarter.For comparison, BNP Paribas and Societe Generale respectively reported a net profit of 2.12 billion euros and 747 million euros.and

Given the deterioration of the crisis in Greece, Crédit Agricole was forced to abandon its goal of returning profits to its Greek subsidiary Emporiki in 2012, without setting a new schedule.

However, the bank maintains its financial targets for 2014, ie a net profit of six to seven billion euros in 2014 and revenue over 25 billion.

Like its French competitors, the Crédit Agricole fell sharply from late June to the Paris Stock Exchange, because of investor concerns about the debt crisis in the eurozone and fears of the refinancing of banks.

She has lost 40% of its value since late June. It closed Wednesday at 6.212 euros.

Excluding energy and unprocessed food packaged, retail prices fell 0.8% monthly increase of 1.5% annually from 1.8% in June

Overall, retail prices fell by 0.6% monthly in July and increased 2.5% annually, rising fuel prices and electricity now that annual inflation in excess of 2.0% which the maximum tolerated by the European Central Bank.