News – Business & Economi

The Yahoo CEO Scott Thompson resigned Sunday because of a controversy over a fake university degree in computer science listed on his resume.

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.

Cash lenders will loan anything from a couple of hundred dollars to around $1500, which generally must be paid back in full, along with the interest, within two to four weeks.

German Chancellor Angela Merkel is opposed to programs to support economic activity in Europe but it is ready to discuss a strengthening of the European Investment Bank Investment Bank (EIB), she says in an interview published Wednesday in the daily Hamburger Abendblatt.

She explains that in his view, the growth can not depend solely on stimulus costly for public budgets.

"It is important that we distance ourselves vis-à-vis the idea that you should always spend money to get economic growth," she said, according to excerpts from the interview released before its publication. 

"Sustainable growth is based more on education and research and innovation capacities of SMEs."

Germany, who had fought the 2008-2009 recession with a stimulus package of 81 billion euros, took the lead of states shifting the focus to fiscal austerity measures against ; the sovereign debt crisis.

But an increasingly hostile public opinion and certain officers to austerity in several countries in the euro area has reopened the debate on the advisability of measures to support growth . 

In France, the favorite for the second round of presidential elections, the socialist Francois Hollande, wants to engage if elected Sunday a renegotiation of the European fiscal pact meant facilitate the reduction of deficits. It also advocates that the European Central Bank (ECB) do more to support economic activity.

Angela Merkel warned against any relaxation of the fiscal pact, it is preferable to consider measures mobilizing "political courage and creativity more than billions."

She argues for including the removal of barriers to youth employment and the strengthening of vocational training systems, to further open the labor market. 

Repeating remarks already held the last weekend in another interview to the press, she told the Hamburger Abendblatt that Germany was in favor of strengthening resources EIB, the financing arm of the European Union in the field of investments, as well as a more flexible use of EU structural funds.

Luxembourg Prime Minister Jean-Claude Juncker, who chairs the Eurogroup of finance ministers ruled Monday as possible an increase of 10 billion euros from the EIB's capital.

STMicroelectronics has reported late Monday a first-quarter loss that it attributed to a downturn in sales in the segment of products for mobile phones and the impact of a decision Justice.

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.

Incumbent President warns that Europe is still recovering and that if France relaxed its efforts to reduce the deficit, it would suffer the same fate as Spain. During a meeting place de la Concorde in Paris, Sunday, April 15, Nicolas Sarkozy called for the ECB to support European growth.

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.

Wall Street opened Friday declined amid concerns related to persistent budgetary situation of Spain and slowing growth in China.

In early trade, the Dow Jones dropped 0.46% to 12,890.00 points. The Standard & Poor's, wider, yielding 0.47% to 1,379.40 while the Nasdaq composite retreated 0.48% to 2725.50.

Performance of public debt to 10 years Spain has exceeded 5.9% after the publication by the ECB shows that Spanish banks have been steadily increasing their borrowing at the ECB in March.

Moreover, the gross domestic product (GDP) of China rose 8.1% annual rate in the first quarter, the lowest figure recorded in nearly three years.

"The number of Chinese GDP is weaker than expected while anyone had used it as pretext to rise yesterday," said Peter Boockvar, equity strategist for Miller Tabak & Co. 

Bank stocks are also oriented downward despite better than expected results published by JP Morgan Chase & Co. and Wells Fargo.

Both titles lose respectively 1.18% and 1.88%.

Google also declined, its quarterly earnings above the consensus being overshadowed by a further deterioration in the profitability of its advertising links. The action gives up 2.8%.

A 10.8% of the workforce, the unemployment rate in the euro area in February reached its highest level in fifteen years. An employment agency in Malaga. Spain has an unemployment rate above 20%

This is a direct consequence of the crisis and the lack of growth. The unemployment rate in the euro area in February reached its highest level in fifteen years, to 10.8% of the workforce, according to data Monday from the EU statistics office, Eurostat.

According to Eurostat calculations, 17,130,000 people were unemployed in February in the euro area, or 162,000 more than the previous month. This level ever since the creation of the euro area exceeds forecasts of analysts polled by Dow Jones Newswires who had forecast an unemployment rate of 10.7% in February, as the previous month.

This is the tenth consecutive month in which unemployment has reached or exceeded the threshold of 10% in the euro area. Result: the euro zone now has 1.476 million more people unemployed than a year earlier.

Throughout the European Union (EU), the unemployment rate rose to 10.2% in February against 10.1% in January. This is also setting a record, said Eurostat. Once again, Spain is the bad boy of the EU with an unemployment rate of 23.6% followed by Greece with 21% (where the latest data refer to December), Portugal (15%) and Ireland (14.7%). In Italy, unemployment reached a record high of 9.3% in February.  

In contrast, the unemployment rate the lowest were recorded in Austria (4.2%), Netherlands (4.9%), Luxembourg (5.2%) and Germany (5.7%) .

Union representatives of PSA Peugeot Citroen and Opel / Vauxhall, the two European brands of General Motors, will meet in April to discuss the social implications of the alliance between the two automakers , said Friday FO.

A central works council (EAC) on the alliance is scheduled for April 5, said his side the CFDT. It will follow a meeting of the European group committee of PSA scheduled for 23 March.

"Union representatives French, German and English PSA / OPEL / VAUXHALL exchanged Thursday, March 15 during a conference call coordinated by the EMF (European Federation of Metallurgy). They decided the establishment of a European cooperation and a meeting in Brussels liaison committees of the two groups, under the auspices of the GEF, in April " , said in a statement

. FO PSA and General Motors have announced a strategic alliance in February through the pooling of their purchases and preparing a common platform by 2016

. Both ensure that the alliance has no impact on the issue of overcapacity of the European two groups, that they should be treated separately. But unions are questioning the social and industrial benefits of the project as PSA and Opel ranges were very similar cars.

Together, they produce cars and light trucks in 20 plants in Europe, including 16 in Western Europe: France, Spain, Portugal and Italy next PSA, and Great Britain, Spain and Germany Opel side.

GM and the German trade union IG Metall to have an agreement excluding any job cuts on German soil until 2014.

The European group committee of PSA was originally scheduled for this Friday, but the meeting between unions and management has been postponed due to the absence of the Chief Executive Philippe Varin. 

Representatives of the management of PSA are currently "road show" to provide investors the capital increase of one billion euros to finance planned investments as part of alliance, after which GM will become the second largest shareholder with PSA 7% stake behind the Peugeot family. The capital increase, opened on March 8, runs until next Wednesday.

The deficit of state budget has decreased by 0.9 billion euros in January over one year to 12.5 billion through the sale of 4G mobile frequencies. View of the Ministry of Economy and Finance at Bercy.

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%).

The unemployment rate in France in late 2011 now stands at 9.8%, up 0.1 points over one year. A total of 3.4 million people are seeking employment. Agency employment center in Nice

The unemployment rate in France rose by 0.1 points in the fourth quarter 2011 compared to the previous quarter to 9.4% of the workforce (9.8% overseas departments included), announced the INSEE Thursday. This rate, calculated according to the standards of the International Labour Office (ILO), was also up 0.1 points versus the fourth quarter of 2010, INSEE said.

In France, 2,678,000 people were unemployed on average in the fourth quarter. But in total, 3.4 million people were unemployed and wanted to still work, or not available for this within two weeks and looking for work or not. This is the third consecutive increase, after the unemployment rate in the third quarter (9.3%) and second quarter 2011 (9.1%).

Labour Minister Xavier Bertrand noted but noted that "France has fared better than its main partners to the global crisis" between the second quarter 2007 and third quarter of 2011, citing OECD data. Unemployment among 15-24 year olds, great concern of the government, rose by 0.8 point compared to the previous quarter and by 0.2 percent yoy. The youth unemployment rate rises from 21.6% to 22.4%, or about 626,000 people.

Involuntary part-time increases

The unemployment rate for seniors is improving slightly on the contrary, down 0.1 points from the previous quarter. It remains up (0.2 pt) to the last quarter of 2010. Some 485,000 people aged over 50 were looking for a job in the last quarter of 2011. The employment rate of older, more and more likely to stay in business with the successive reforms of pensions, continued to grow (a point on the previous quarter, 1.6 points over one year). The increase was pronounced for those aged 55-64 (1.4 pt in the quarter, 2.8 points over one year).

The employment rate in permanent contract (CDI) is stable in the fourth quarter of 2011, to 48.7% of the population aged 15-64. Rate for those employed in CDD / Acting rose slightly and stood at 6.8%. Partial unemployment, the government and social partners come to reform to facilitate its implementation, down 0.3 percentage points and stood at 0.2% of employed persons. Involuntary part-time increased slightly to 5% of people with jobs. Finally, the unemployment rate is declining in women (-0.1 pt the quarter, -0.3 pt yoy) as he progresses on the contrary men (0.4 pt the quarter , 0.6 pt yoy).

The main European stock markets opened on a rebound Friday in the wake of Wall Street and Asian markets, investors anticipating an abundant liquidity injection of long-term European Central Bank (ECB) the next week.

Around 9:15, the Paris Bourse gaining 0.53% to 3,465 points, Frankfurt and London takes 0.86% 0.18% advance. The pan-European Euro Stoxx 50 index rose 0.62%.

In Paris, Technicolor was down almost 5% after the announcement of an EBITDA down 5.9% in 2011 to 475 million euros. The action is Eiffage it head increases the SBF 120, the construction group has forecast a rise in net profit in 2012 after declining in 2011.

Banks are among the highest increases in Europe sector (0.86%). Deutsche Bank and Barclays gained 2.8% 1.4%. The Paris BNP Paribas and Societe Generale gaining 1.4% and 1.9%.

Lloyds Banking Group ahead by 1.3% after yet warned that its net banking income would decline in 2012, suffering, like his counterpart Royal Bank of Scotland, a heavy loss in 2011.

BASF takes 2.8% after announcing Friday that its results and its turnover increase this year thanks to a rebound in the second half.

Many analysts believe the weakness of the European economy will force the ECB to continue easing its monetary policy. The market is expected to lend some 500 billion euros to banks at its second financing package to three years scheduled for next week.