European Aeronautic (EADSY.PK) shares gained more than two percent for a second day, as investors hope for a simpler structure for Europe’s largest aerospace group which has been controlled by a myriad of French and German public and private interests since it was formed in 2000. The crux of interest in the potential change is on transactions required to permit the Berlin government to obtain an investment in the Airbus parent. The agreement is expected to allow Germany in as a direct shareholder for the first time, while at the same time permitting the proxy industrial shareholders, French media firm Lagardere Groupe (LGDDF.PK), and Daimler (DDAIY.PK), to divest their stakes.
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Yahoo! (NASDAQ:YHOO) purchases the video chat broadcasting application OnTheAir only nine months after it first debuted. The financials of the transaction were not reported. The acquisition includes the five team members of OnTheAir, who should help Yahoo compete with Google Hangouts (NASDAQ:GOOG) and/or to build mobile communication applications.