This is the third time in as many years as the head changes its internet portal.

Yahoo also gave three director seats at a hedge fund run by Daniel Loeb, who should be well positioned to influence the group's strategy.

Scott Thompson was replaced on an interim basis by Ross Levinson, current director of worldwide media division, Yahoo said in a statement.

It's Third Point hedge fund of Daniel Loeb, who discovered the falsification of the CV of Scott Thompson. This company owns 5.8% stake in Yahoo.

The departure of the CEO only four months after taking office should re-questioning the future of Yahoo, which is struggling to revive its growth face stiff competition from groups like Google or Facebook.

On April 10, Yahoo announced its reorganization into three divisions – "consumer", "regions" and "technology", which was one of the first strong measures by Scott Thompson , arrived at the beginning of the year at the helm of the company.

"In a decision dated May 10, 2012, the European Commission has approved without conditions the acquisition of sole control by EDF Edison under the European regulations on the control of concentrations, "said the EU executive said in a statement.

"This decision raises the condition precedent to the completion of this transaction related to obtaining permission from the relevant competition authorities," added the Commission. 

Upon publication of its turnover, Thursday, EDF said it has completed the first quarter of the takeover of Edison, for which the French electricity has increased to 0.89 its offer per share to minority shareholders. This new proposal represented for him a net additional cost of 25 million euros.

Earnings before interest, taxes, depreciation and amortization (EBITDA) came out unchanged at 4.48 billion euros in the high end of analysts' forecast whose consensus ranged from 4.32 to 4480000000.

"It was a very good quarter for us," said Chief Executive Rene Obermann said in a statement.

"We have made significant progress in many areas and we can now confirm our annual target."

The Bonn-based group predicted a current profit excluding items of 18 billion euros against 18.7 billion in 2011

.

Net loss for the first quarter totaled $ 176 million or $ 0.20 per share, against a net loss of $ 0.01 in the fourth quarter 2011 and net income of $ 0.19 per diluted share in first quarter 2011.

An arbitration STMicroelectronics forced to pay nearly $ 59 million to NXP Semiconductors.

The turnover is meanwhile stood at 2.02 billion dollars, representing a sequential decline of 8%. 

"The losses in the segment of products for cell phones (Wireless) have once again weighed on our quarterly results," said CEO of the leading European manufacturer of semiconductors, Bozotti.

For the second quarter 2012, the Company expects an increase in turnover of about 7.5% over the first quarter, plus or minus 3 percentage points.

Gross margin for the second quarter should be around 34.4%, plus or minus 1.5 percentage points.

STMicroelectronics fell sharply Monday on the Paris Stock Exchange after the announcement of an intensified restructuring of its subsidiary, ST-Ericsson.

French President Nicolas Sarkozy said Friday that there was "more likely to collapse of the euro", but that Europe was "recovering", warning that any "loosening" in the reduction of deficits would convey to France "the fate of Spain."

"The risk of implosion of the euro no longer exists, but Europe is recovering, it is a reality and we have no room for error," the president said on RTL candidate. According to him, "the minute we let up the pressure on spending cuts, deficit reduction, debt, France experienced the fate of Spain."

"France has raised 8 billion before yesterday (Wednesday, ed) to finance its debt. It did so in a historically low, below 3%. Spain, at the same minute, borrows to finance its debt, twice the price of France. The same causes produce the same effects, "he said.

"During the 2007 campaign, Ségolène Royal, PS candidate, praised the example of Spain, and Mr. Holland was received" during the election campaign "by one Prime Minister (Jose Luis Rodriguez) Zapatero," former Spanish Prime Minister, Socialist. "I do not know if the Spanish example is still relevant," he added.

Official figures on gross domestic product (GDP) of the Spanish first quarter of 2012 will not be published before April 30. The Minister of Economy, Luis de Guindos, however, said that the Spanish economy should be in the first quarter contraction similar to the last quarter of 2011, which was 0.3 % over the third quarter.

Two successive quarters of declining GDP correspond to the technical definition of recession, which was widely anticipated in Spain.

According to the minister, who gave an interview to El Mundo, the decline will however not as serious as feared.

"If you had asked me this question two months ago, I would have thought the first quarter of 2012 would have been much worse than the last quarter of last year. But this does not happen, "said Luis de Guindos

" For now, I see a first quarter like the last quarter of last year. "

These words fall in line with other recent statements by government members, suggesting Spain is in recession again

. The rightwing government of Mariano Rajoy has committed to undertake significant budget cuts. But, the markets, there is concern growing that the recession makes it impossible to goals of deficits and that Spain should seek international assistance in one form or another, to ; like Greece, Ireland and Portugal.

Yields of Spanish debt to ten years have passed Monday morning above 6% for the first time since the beginning of the year, while the Spanish CDS reached new records.

CRISIS MODE

"We returned a crisis mode," said Lyn Graham Taylor, a specialist rates to Rabobank. "It seems increasingly likely that Spain would have to resort to some form of rescue. If there is no intervention (ECB), there will be no ceiling to Spanish yields . They will just keep climbing. "

The Spanish economy is in contraction or stagnation since the bursting of the real estate to ; re in 2008. While housing prices are still falling, the survival of some banks and the new government's ability to control its finances are subject to debate.

The Popular Party (PP), which won elections in November against the Socialists in place, has taken a number of measures to reduce the deficit Spanish, one of the highest the euro area.

But confidence in the ability of President Mariano Rajoy of the Government to work within budgetary limits of the euro area was tested when the head Government has unilaterally lowered the deficit target in 2012 beginning in March, which was strongly up the risk premium on Spanish debt. 

The Minister of Economy also said that the government would take further measures to help small and medium enterprises solvent to obtain credit from banks.

Moreover, the government could get involved in finances too spendthrift regions as early as May, said on Monday with the government.

If Spain has largely missed its target deficit for 2011 is largely due to the expense of regions. The 17 Spanish autonomous regions must reduce its public deficit to 1.5% of GDP in 2012, against 2.9% last year.

A law is being voted in parliament to give the central government the power to punish regions that did not comply with the objectives of deficit narrowed.

The increase in the number of registered unemployed was 0.8% in March from February, 38,769 more job seekers. There are a total of 4.75 million unemployed Spaniards, according to figures from the Ministry of Labour.

The unofficial unemployment rate, which includes the unregistered unemployed, rose to 22.9% in fourth quarter 2011, the highest rate of all countries of the European Union.

Nearly a third of people in 17 countries in the euro area private employment are Spaniards and half of Spaniards under 25 are unemployed, according to Eurostat statistics.

The austerity plan announced Friday by the Madrid government to reduce the budget deficit, which includes a significant decrease in state spending, is likely to affect growth more Spanish . A reform of the labor market to make it more flexible may also enhance the rise in unemployment in the short term.

"Unemployment will continue to increase because it would grow around 1.4% or 1.5% to create jobs and it does not seem feasible before 2014," said the economist of Citi, Guillaume Menuet.

"The brutal reforms of the labor market generally results in more unemployment in the short term," he adds.

The Spanish government expects an economic contraction of 1.7% this year, a forecast more optimistic than Citi, which expects -2.7% in 2012 and -1 , 2% in 2013.

After the delirium, appeasement. The Paris property prices are going down, all professionals are unanimous, including notaries. The period October 2011 to January 2012, the price per m2 of housing in Paris and has declined slightly, to 8340 euros/m2, instead of 8370 euros previously. This represents a 0.3% decrease. The capital rappoche so the trend throughout the Paris region (-0.6% over the same period). Certainly, the decline is limited, but it denotes with previous years of sharp increase. The notice of Sébastien de Lafond is President of MeilleursAgents.com.

What do we see on the Paris market?

The Paris market has long been an exception to the French property market. If you look at the figures for previous years, between the third quarter 2009 and third quarter 2010, prices rose by 13.8% in Paris. And in 2011, the increase was 15% for old apartments. Result, the price per m2 in Paris reached 8,344 euros. The left bank has skyrocketed. First explanation: the exploding demand, strong excess relative to supply, fueled by several factors: historically low interest rates, a preference for stone instead of the stock market, investors have never been as many ( 26% of buyers, against 16% in all of France). All in a context of shortage of housing. In Ile-de-France, we need 70,000 homes a year to meet demand, then we do not built for that half hour. Another factor increase: foreign demand, which influences prices in many districts, the first in the eighth arrondissement, the 16th-but also and especially on certain types of property high-end or central ashore. This is a customer with high purchasing power, thus likely to distort the market structure high-end. Still, foreigners account for barely 5% of buyers.

The price on the Paris market have they peaked?

Today, no doubt, this market is cooling and has been since last July. The last six months, prices in Paris intra muros lost 3.5%, even lower in the inner suburbs and it is around 5% in the outer suburbs. Similarly, the transaction time is 50 days in Paris twice a year ago and 40 to 80 days in the Ile-de-France. In nine out of 10 districts, prices declined in the fourth quarter of 2011 versus the third quarter of that year. The volume of property transactions fell 15% in Paris and 20% in small and large crown.

How can we explain this decline?

On the one hand, we lost 30% of buyers from last year. First reason: the prices in Paris and the Ile de France have reached very high levels. For proof, from June 2009 to June 2011, they increased by 29%. Given this rise, many buyers say "stop". Another reason to be bullish: the banks are much more restrictive in terms of access to mortgages since the Greek crisis. Now, exit the small arrangements if you are on probation or if you have a low intake. Have a permanent and present a contribution of 5 to 10% is the rule in any bank. Moreover, the monthly credit shall not exceed 1/3 of disposable income of the borrower. Finally, we lost about 10% of buyers due to the suppression of PTZ + in the former, which was included last year in 40% of real estate transactions in the former.

On the other hand, the decline was due to the 20% of sellers and less. The sale is generally followed by a purchase. But in an economic context is not conducive to going into debt over twenty years, coupled with a fear of the future and an uncertain economy, people are more cautious. Finally, the election deadline pushes the real estate project.

The decline in the market Ile can it continue?

We announce a drop of about 5% to 10% of Paris and the Ile-de-France at least until June But this drop will not be sustainable if rates continue to decline as is currently the case in most banks. Because if interest rates fall, prices rise. However, if they increase, prices are revised downwards. This hypothesis is highly possible with the economic crisis in Spain today. The rate of OAT, (the rate at which borrows France over 10 years) may increase. However, if lending rates rise by 1%, prices could fall by 15%.

Beyond these predictions, the basic problem remains, we have a deficit of housing particularly marked in the Paris region market. Given migration, birth rates, etc.., Demand for the stone is too large to attend a substantial fall in prices in Paris, in small and large crown. The new housing shortage keeps prices. It is for this reason that the drop is, and will only be on if the new housing construction remains at this level. Buyers should not expect a substantial fall in prices. Today the market is experiencing a slight decline. This is a good time to buy in Ile-de-France.

But who can still buy in Paris?

In the capital, buyers under 30 have almost disappeared but the secondo-time buyers drive the market. Those buy for resale and are immunized against rising prices. We defined three categories of buyers. High-income couples, 30 to 40 years, may in turn seek apartments from 60 to 100 m2 through debt of 20 to 25 years. The secondly-time buyers who bought there over five years and can make a nice capital gain are now the most dynamic part of the application. But they are experiencing shortages of goods. Finally come the investors with a medium-to long term.

The number of job seekers decreased by 18,000 over the past month, its fifth straight decline, returning to 2.841 million according to figures adjusted for seasonal variation (CV) published ; s Thursday by the Federal Labour Office.

This decrease is more pronounced than expected since the 35 economists polled by Reuters had expected a decline of 10,000. 

"The resilience of the German labor market bodes well for private consumption in the first half," commented Carsten Brzeski, economist at ING.

"The mild weather in March and almost unwavering optimism of entrepreneurs seem the main drivers of the improvement of the fall in unemployment announced today."

These figures are good news for the German finance minister, Wolfgang Schaeuble, whose estimates are based largely on increased tax revenues.

They also enhance the contrast between Germany and France, where the numbers of unemployment in February hit their highest level since October 1999. 

While the German population is nearly 30% higher than the French, the number of jobseekers CVS is now lower than that of unemployed Class A in the Hexagon.

SALARY INCREASES OF POSSIBLE

4%

If the German economy, driven by exports, has recovered quickly from the 2008-2009 financial crisis, it has not escaped the relapse caused the end of 2011, contracting by 0.2% in the fourth quarter due to the debt crisis in the euro area and its impact on global demand. 

It seems to be resurged since the beginning of this year, which led several economic research institutes to raise their growth projections and e ; housing with near certainty the hypothesis of a new recession (two consecutive quarters of declining GDP).

Buoyant labor market in this climate generally heckled favored improving consumer confidence, rising in six of seven months as the barometer of the GfK. 

The decline in unemployment has led parallel to the German unions claim higher wages after several years of rigor in this area: the central Verdi and IG Metall and ask one the other increases of 6.5% for the approximately five million workers they represent.

For Christian Schulz, an economist at Berenberg Bank, wage growth is "inevitable" because of tensions on the labor market.

"While it is unlikely that requests for increases of 6% are accepted, agreements with increases of 4% are possible," said he. "With inflation back to 2.1% in March, wage increases may provide important new welcome boost to consumer spending."

Many economists note, however, that the downward trend in unemployment slows as lessens the impact of reforms implemented in recent years to increase the flexibility of the labor market .

The deficit of state budget has decreased by 0.9 billion euros in January over one year to 12.5 billion euros, thanks to the windfall of allocating 4G mobile frequencies, said Friday the Budget Ministry. The state expenditure were however up to 31 January from a year earlier, but this progression, "consistent with the prediction," is due to "an increase in the rate of recognition" earlier this year, ensures Bercy in a statement.

Expenses (general budget and levies on revenue) reached the end of January € 32.8 billion against 26.3 billion the same date of 2011, the departments' management in 2012 to start faster. " According to the ministry, "the expenditure has not been late and has already reached its cruising speed", and so do not see a skid. As for revenue (net of refunds and rebates), they improve to 23.4 billion against 20.5 billion at January 31, 2011. The net tax revenues are up as expected from one year to another, almost 8%, particularly with regard to corporation tax (33.6%).