Technology, Media & Telecommunications
Telenor says to decide on rights issue by January
BARCELONA, Nov 20 (Reuters) - Norway's Telenor will take until mid-January to decide if it is going to proceed with a rights issue to fund an expansion into India and is considering cutting dividends instead, its chief executive said. Full Article
UPDATE 2-Publicis expects to beat ad market growth in 2009
* Sees some ad sales growth in Oct, better than Sept. * CEO says expects flat to slight 2009 ad market growth * Publicis hopes to outpace ad market in 2009 * Havas CFO says October was positive Full Article
France Tel says emerging market investment risk up
BARCELONA, Nov 20 (Reuters) - The risk of investing in some emerging markets has increased in recent months, and "economic nationalism" is on the rise, the chief financial officer of France Telecom said on Thursday. Full Article
Telefonica's 500 layoffs approved with conditions
MADRID, Nov 20 (Reuters) - The Spanish government has approved telecoms firm Telefonica's plans to lay off 500 staff at its Spanish mobile division with conditions, the labour ministry said on Thursday. Full Article
UPDATE 2-US credit default swaps, bond market "falling apart"
NEW YORK, Nov 20 (Reuters) - U.S. credit default swaps widened to record levels on Thursday that suggest investors anticipate the worst period of investment-grade corporate bond defaults since at least 1980, according to analysts. Full Article
Telenor says rival held in contempt by U.S. court
OSLO, Nov 20 (Reuters) - Norway's Telenor said on Thursday a U.S. Federal court had held Russia's Alfa Group in contempt of court in a battle between the two companies, and that Alfa may be forced to sell its minority stake in co-owned Ukrainian telecom firm Kyivstar. Full Article
Media General shares fall as Harbinger sells
NEW YORK, Nov 20 (Reuters) - Media General Inc shares lost as much as 54 percent of their value on Thursday after a dissident investor sold stock in the newspaper publisher and October classified advertising revenue fell 38 percent. Full Article
UPDATE 1-JP Morgan cuts VeriFone to neutral; shares sink
Nov 20 (Reuters) - J.P. Morgan Securities downgraded VeriFone Holdings Inc to "neutral" from "overweight" on Thursday, a day after the electronic payment technology provider cut its fourth-quarter outlook. Full Article
Canada watchdog sides with BCE on Web traffic shaping
TORONTO, Nov 20 (Reuters) - Canada's telecoms watchdog has sided with BCE Inc in letting the company slow down certain file-sharing traffic on wholesale networks it leases to smaller, independent service providers. Full Article
Virgin Media sees mobile broadband as complementary
* Says mobile broadband will not have initial mass appeal Full Article
Daiichi confident of Effient approval
NEW YORK (Reuters) - Daiichi-Sankyo's top U.S. executive expressed confidence that the blood clot preventer it is developing with Eli Lilly & Co will soon win U.S. approval, and said the sales force for the medicine was champing at the bit to get started. Full Article
| Symbol | Last | Net Change |
|---|---|---|
| BRENT CRUDE | $49.67 | $-2.05 |
| MINI GOLD | $748.30 | $12.40 |
| MINI SILVER | $9.09 | $-0.22 |
