This action is the publication director of Libération Demorand Nicolas, Yann Filipino journalist, Sarl Libération and MP Gerard Bapt, chairman of the parliamentary information mission of the Mediator. The boss of the company that makes the Mediator, Jacques Servier, the day of his hearing in the National Assembly (March 2, 2011).

Servier Laboratories pursue defamation before the correctional court of Paris newspaper Libération and MP Gerard Bapt PS, for stories and comments relating to the scandal of the Mediator, according to a subpoena which AFP obtained a copy Sunday.This direct quote is the managing editor of Liberation Demorand Nicolas, Yann Filipino journalist, Sarl Libération and MP Gerard Bapt, chairman of the parliamentary information mission of the Mediator, which will run January 6, 2012 before the 17th Criminal Chamber of the Paris Court.

According to the text of the direct quote, Servier acknowledges Liberation in its edition of September 7, 2011 dedicated to a different drug from the laboratory, Protelos – which would have minimized the side effects – have set out "a series of charges that are seriously defamatory against Servier. " Nicolas Demorand in an editorial, wrote that Servier "had erected lying and manipulation economic model", so that after the Mediator, "is now a scandal that Protelos."

In an interview with Liberation, MP Bapt stated that Servier had sought to play down the effects of Protelos from judsqu'à including "falsifying case for the death of patients do not appear." PS MP had accused Servier of "perverse and developing methods not only for the Mediator." According to the direct quote, the lab accuses journalists and MP PS stated to have "a series of charges which are seriously defamatory against Servier" in particular, accusing Servier to have "relapsed" with the Protelos and accusing him of "falsifying documents" about the drug against osteoporosis.

Servier believes in its citation that defamation is made public "due to the seriousness of the false accusations." He requested 50,000 euros and publication of the trial in which several daily Liberation.

The Libyan leader was ousted in Sirte on Thursday killed according to the National Transitional Council (CNT). The dictator Muamar Gaddafi of Libya

Libyan leader Muammar Gaddafi ousted captured in Sirte died Thursday, according to a commander of the new regime in this town east of Tripoli and Libyan television. "We announce to the world that Gaddafi has died at the hands of the revolutionaries," he told the press the official spokesman of the National Transitional Council (CNT) to Benghazi (east), Abdel Hafez Ghoga.

"This is a historic moment, it's the end of tyranny and dictatorship. Kadhafi met his fate," he said. He said the information of his death "was confirmed by our commanders on the ground in Sirte, the very people who captured Gaddafi when he was wounded during the battle in Sirte". "We also have information on a convoy that was bombed by NATO while fleeing Sirte.There are reports of the presence of Gaddafi's son in this convoy, we are to check, "he added.

Libyan television "Libya Free" in Tripoli had previously stated that a son of Muammar Gaddafi "Mouatassim Daou and Mansour (the head of internal security services), and Abdallah Senussi," the head of Libyan intelligence, had been captured in Sirte.

Another witness quoted by Reuters said that Gaddafi reportedly shouted "Do not shoot, do not shoot", when it was found.

Follow the event minute by minute LExpress.fr

Bank of America reported an increase in its net income for the third quarter due to both an accounting effect that banks can reap when financial markets are turbulent and a gain on disposals of assets.

The hotel, the first U.S. bank by assets, posted over the period net income of $ 5.9 billion, or $ 0.56 per share against a loss of $ 7.6 billion (-0 , 77 dollar per share) a year ago, when the bank had spent $ 10.4 billion accounting charge.

France and Germany have formalized their agreement on how to resolve the debt crisis in the euro area, said Friday the French Minister of Economy Baroin after meeting with his German counterpart Wolfgang Schäuble and Nicolas Sarkozy.

"We will over the coming days to continue our discussions but we already have on contractual agreements that will be very important," said Baroin referring to the stabilization of the euro area, the recapitalization of banks in Europe and "maximizing" the European Financial Stability Fund (EFSF).

Wolfgang Schäuble assured that the two countries had a "common position" and expressed confidence that they can "protect the euro area".

Nicolas Sarkozy and Angela Merkel pledged in Berlin on Sunday to respond "lasting and comprehensive peace" to the crisis in the euro area for the G20 summit scheduled for early November in Cannes, which will include a recapitalization of European banks.

The French president was then assured that the compromise between the two countries on how and where the process was considered "complete", denying the reports of differences over the use of EFSF, now ratified by all Member States of the area, to provide the necessary funds.

While the capital needs of European banks were estimated between 100 and 200 billion dollars by the IMF, Angela Merkel stated that the new European Banking Authority and the International Monetary Fund would be asked to ensure that what is proposed is "durable and strong."

Nicolas Sarkozy announced the other as France and Germany were preparing a number of adjustments to the Treaties to strengthen European integration in the euro area.

Sony Ericsson is in discussions to buy the group's stake in their joint venture specializing in the manufacture of multimedia handsets, told Reuters on Friday a source with direct access to the file.

Thursday, the Wall Street Journal reported that Sony was close to buying from Ericsson in their joint venture.

Another source had told Reuters in July that talks about such a takeover was under way in anticipation of the expiry this month of the contract between the two companies.

According to many analysts, Sony needs to tighten its grip on Sony Ericsson to regain lost ground in the smartphone market, heavily congested.

Sony Ericsson was formed in 2001.The joint venture has failed to establish its presence with a market share of around 3% after peaking at 9%.

At the end of the meeting, as Sony lost nearly 4% while the Tokyo Stock Exchange advanced by almost 1%.

Fraud within UBS is eerily similar to a tarnished Societe Generale in 2008. The similarities of the two cases in seven points.

Two traders on the same table market

Jerome Kerviel and Kweku Adoboli worked on the same type of position, the Delta One desk. A table where one does not exchange single stocks or bonds but derivatives. The operations are relatively simple and often reserved for novice traders. They also specialize in ETFs (exchange traded funds), financial products that mimic the performance of an index, upward or downward. Easy to use, they can diversify their portfolio by buying such contracts backed by a stock index or industry (eg commodities). The ETF market is booming, the stock reached 300 billion euros in Europe, according to Aurel BGC.Moreover, the two traders were very familiar control procedures. They made a passage through the back office, the administrative body of the bank that controls the regularity of operations, before moving to trading.

Adoboli / Kerviel: profiles of "good friends"

Friends, neighbors, co-workers paint a Kweku Adoboli, 31, "very nice, very polite." Like most young traders of his age, he earned a very good living (300,000 pounds per year) and took the opportunity to do great celebrations in her apartment. Jerome Kerviel was considered "quite normal, no gambler," by his former colleague Valérie Rolland, as shown by his remarks during the trial of former trader. He lived comfortably but did not have an extravagant lifestyle. The financial police who investigated him about a man with "no extravagance of any kind."He earned 48,000 euros per year in 2007, a year before the outbreak of the scandal.

The concealment of large-scale risky operations

For Kerviel, 50 billion euros of positions (or 25,000 times the average risk that a trader takes …), Adoboli for "only" $ 10 billion (7.2 billion euros), "in various futures indices – S & P 500, DAX and EuroStoxx – over the last three months, "the statement said UBS. The principle of hiding two traders was the same. The internal control system did not see anything because the positions were "in our systems offset by fictitious positions on ETF cash settlement futures, allegedly executed by the broker," according to UBS.Clearly, the screens showed the supervisors of the total amount of exposure much lower than was the actual exposure of the two "rogue traders".

Moreover – as Kerviel – the "unauthorized trading" of Kweku Adoboli does date back a long way. The trader UBS would have made some operations since October 2008. In 2005 and 2006, Kerviel had "led" by taking 100 to 150 million euros in positions on the action Solarworld listed in Germany, according to the report of the Inspector General of Societe Generale.

The unwinding told in a hurry to star trader

Upon discovery of the scandal UBS warned regulators in Switzerland and Britain, and launched in parallel to his cell house, "the bronze project" designed to perform the operations of unwinding.This difficult task was assigned to one of the best traders of the bank's derivative, Jason Barron. At Societe Generale, the unwinding took place January 21, 2008 after the discovery of the fraud, by Maxime Kahn, 39, an experienced trader in the bank. Management has told the Financial Markets Authority and the Governor of the Bank of France, but she preferred to keep out of the palace secret. In the recent book "Sarko kill me," Daniel Bouton said he did not call the Elysee Bercy or because "the ability of a cabinet to hold confidential information is very limited in all cases long. It's structural. And if I notify the department, I'll have to deal with the Minister (Christine Lagarde) while I have other things to do. " The Ministry of Finance was informed two days after the first operations of unwinding.A secret which has not failed to Nicolas Sarkozy in a rage before claiming the head of the CEO …

A boss in the hot seat?

The CEO of Societe Generale, Daniel Bouton, was forced to leave office in April 2009, under pressure from President Sarkozy, despite the support of major shareholders and employees. "The goal was to physically pay button" recently said the former CEO in "Sarko kill me." At UBS, the boss seems so far spared even though it is very weak. In an interview with Swiss newspaper Der Sonntag Gruebele Oswald said he was "responsible but not guilty." He even said that when someone decides to act criminal, "you can not do anything." The boss of UBS feels may be spared a major shareholder of the bank.The Swiss weekly NZZ am Sonntag quoted a member of the Board of Directors of UBS who says Oswald Gruebele still has the support of the Singapore investment fund GIC.

A scandal comes at a very wrong time

UBS has revised this weekend losses from fraud of $ 2.3 billion, against 2 billion originally announced. The profit of about one billion Swiss francs which the bank expected the third quarter could turn into a loss of 500 million francs. And while the group hoped to finally settle its costly setbacks resulting from the subprime crisis and conflict on the banking secrecy with the United States. He had announced in August a new savings plan that provides 3,500 job cuts and savings of 2 billion Swiss francs (1.8 billion euros). And he was preparing, according to the Swiss press, cutting heavily in its investment bank.

A Société Générale scandal happened in the subprime crisis, while the bank was about to announce 2.6 billion loss because of its exposure. The bank then red and black then launched a capital increase of EUR 5.5 billion, and managed to save many takeover rumors that hovered above his head.

Banks that do not listen to warnings

The many similarities between the two cases raise questions about banks' ability to truly control their traders. Yet they have spared no efforts in security after the Kerviel affair. "For the Societe Generale, one can even the number in the hundreds of millions of euros," said the Liboux and Tangi, an analyst at Aurel BGC. This did not prevent the inspection bodies to point out the dangers of risky products.The Serious Fraud Office (SFO) British recalled at the outbreak of the UBS case, have warned against the dangers inherent in the ETF. According to the Office of fight against financial crime in the UK, the risk of major accidents was high mainly because of their lack of transparency. But this is not a systemic problem as Manoj Ladwa, an analyst at ETX Capital in London. Those responsible for risk control at UBS "did not realize quite quickly that this trader had taken huge positions in a very short period." The problem, according to Frederic Boulier, an expert on financial fraud in Nice Actimize is that banks are primarily focused on the safety of other financial products."It is true that as these traders are working on relatively simple products, some banks have chosen to focus their efforts on control tables are traded market where more complex products." From there to imagine that a fraud on banks ETF splash soon again? "It is impossible to say today that a similar accident could not happen again one day," said Liboux The Tangi, an analyst at Aurel BGC.

European stock markets continued Friday in early trade started to decline yesterday, investors preferring to remain cautious about the highly anticipated speech of the President of the Federal Reserve in Jackson Hole.

Ben Bernanke is speaking at 14:00 GMT (16:00 in Paris) in Jackson Hole (Wyoming), as part of the 35th annual economic symposium of central banks. It is likely that the Fed chairman will announce gradual steps, not an ambitious new plan to repurchase shares.

At 9:30, the CAC 40 index fell by 0.84% ​​to 3092.71 points, after dropping 0.65% on Thursday.For the week, the benchmark index of the Paris remains up 2.7% after falling nearly 18% during the first three weeks of August.

Other major European markets, London lost 0.86%, 1.15% Frankfurt, Milan and 0.51%.Of the European indices, the EuroStoxx 50 yields 0.89% and 0.94% Eurofirst 300 loose.

"The conference in Jackson Hole is not the place for decisions on monetary policy," warns UBS in a note saying that the Monetary Policy Committee of the Fed (FOMC) has already reached a major milestone by announcing the August 9 keeping interest rates near zero for at least two years.

"If the Fed wishes to further modify its monetary policy, we believe it would make more sense to do at the FOMC meeting on September 20," said UBS.

As for values, the financial attempted to resist the general trend following the extension of the ban on short selling in four countries.

After being the only sector up for several minutes, the Stoxx bank index finally yielded 0.6%.

In Paris, Societe Generale has head increases the CAC 40 (+0.22%) to Credit Agricole (0.25%) and Natixis (0.18%).

The expectation of the speech of Ben Bernanke puts the dollar under pressure, several analysts point out. The euro also wins 0.39% against the greenback at 1.4425 dollar.

"Traders are looking forward to this time in a highly volatile backdrop of sovereign debt crisis and fears of a slowdown in economic activity in the United States," says Saxo Bank in a note.

After correcting for nearly 200 dollars per ounce of gold returns to form more than 1780 dollars (+0.8% to 1783.39 dollars).

Italy's Eni, which was the main foreign producer of oil in Libya, has returned to the country Monday as the entry of rebels in Tripoli Libyan suggests a possible resumption of exports of oil.

Tanks and snipers in the Libyan Army struggled Monday morning to withstand the assaults of the rebels in the capital, where thousands of opponents of Gaddafi celebrated the imminent end of a free reign began in 1969.

The fall of the Libyan regime would open the largest oil reserves in Africa to new players, as the national carrier of Qatar or the trading company Vitol, which will compete with European and American giants before the present insurrection.

Although the price of Brent fell by more than a dollar, securities of French Total, OMV of Austria, and Eni showed an increase between 3.3% and 5.87% by 1100 GMT, the market hopes a return to the situation prior to the insurgency.

The Stoxx Europe 600 index of oil and gas advanced on his side of 2.28%.

According to the Italian Foreign Minister Franco Frattini, employees of Eni arrived on the scene to oversee an upturn in oil installations in the east, although fighting continued in the capital.

"The facilities were built by the Italians, the (oil services company), Saipem, and therefore it is clear that play the leading role (in Libya) in the future," said Frattini at the micro Rai.

NEW PLAYERS

Before the outbreak of the uprising in Libya, the country, a member of OPEC produced about 1.6 million barrels per day (bpd), nearly 2% of world production.

For its part, Austria's OMV said no negotiations have begun to date with the rebels.

"We see the current situation and its evolution very closely.For now, we do not have bilateral discussions with the Council (National) transition, "said a spokesman.

The French and German Wintershall Total, other major players in the oil sector in Libya Qadhafi era, have declined comment.GDF Suez declined to comment about reports of negotiations with the insurgents on a recovery in output.

Analysts and industry experts estimate that Eni and Total may emerge as the winners in the reshuffling of the cards in Libya because of the strong support shown by Paris and Rome against the rebels.

The military support of Qatar and logistics company Vitol could also allow new players to gain a foothold in the country.

"Qatar will be a big player, could be a Vitol.Shell also wants to strengthen its role, "said one Western specialist risk consultant and the fact of negotiations.

Most of the world's oil giants, such as Marathon, ConocoPhillips and Hess, have taken a much more cautious about the Libya

"They are just waiting and trying to determine who runs this country," said the consultant, who advises several U.S. companies about Libya.

BP, which was not producing in the country, said he wanted to return to resume his explorations, but without giving a timetable.

German GDP grew by only 0.1% in the second quarter, after +1.3% in the first. German Chancellor Angela Merkel hopes for 2011 as a whole growth "comparable" to the very strong 2010.

Brake application brutal. German gross domestic product (GDP) grew by only 0.1% in the second quarter compared to the first, where he still displayed an increase of 1.3%, announced Tuesday the Federal Statistical Office ( Destatis). Economists polled by Dow Jones Newswires expected a stronger increase of 0.4%. Furthermore, Destatis corrected down the growth figure in the first quarter, initially announced at 1.5%. So it goes to 1.3%.

Unusually for a country champion in exports, foreign trade made a negative contribution to German GDP in the spring, that is to say, imports exceeded exports, Destatis noted."Private consumption and investment in construction also slowed the German economy in the second quarter," he said the Statistical Office, without giving details.

This abrupt brake application for the first European economy, which had come out on top speed of the crisis, not prevent it to be much better than a year ago. From the second quarter of 2010, German gross domestic product in the second quarter 2011 and displayed an increase of 2.8%. German Chancellor Angela Merkel hopes for 2011 as a whole growth "comparable" to the very strong 2010, which reached 3.6%.

Tuesday's figures were unpleasantly surprised economists."The question for a million dollars is whether the second quarter marks the beginning of the end of the German economic miracle, and if the recent financial market turmoil may push the economy into recession," Carsten questions Brzeski, an analyst at ING in a note. "As elected German torturing their brains about the pros and cons of Eurobonds, the luxury of an economy operating at a rate miraculous is disappearing," he warns.

Christian Schulz, the Berenberg Bank, he sees "significant risk" that its forecast of a 3.3% growth in Germany in 2011 is not carried out completely. And Christian Ott, Natixis, he speaks of a "disappointment", but puts things in perspective: "With the prospect of growth of around 3%, Germany is much more efficient than other European economies."

The European Commission welcomed Friday a ban on short selling of financial stocks decided by four countries in the euro area, but felt that a European framework would be more appropriate in this matter.

To halt the decline and extreme volatility on the stock exchange the securities of banks and companies in their respective countries, Brussels, Madrid, Paris and Rome have decided to ban short selling of financial stocks from Friday.

"(…) The European Commission warmly welcomes the recent developments.However, our policy would be more efficient and coordinated if we had in place a European framework on short selling, "he told a press conference Chantal Hughes, spokeswoman for the Commission.

Germany for its part said Friday it would propose extending the ban on naked short sales across Europe on stocks, bonds and credit default swaps (CDS ).