French President Francois Hollande will name Interior Minister Manuel Valls to be his new prime minister, a source in the governing coalition said on Monday after a poor showing by ruling Socialists in local elections. The source confirmed local media reports of Valls' nomination in a brief text message. Minutes earlier, Prime Minister Jean-Marc Ayrault's office said he offered his resignation to Hollande. http://english.ahram.org.eg/News/97976.aspx