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Vivendi raises profit goal on games strength (Reuters)
Casablanca :: Morocco | 6 months ago
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Entertainment-to-telecom group Vivendi raised its annual profit target by 8 percent to 2.7 billion euros (2.16 billion pounds) because of strong video game sales, but weakness persisted at its key French telecom unit. Third-quarter group revenue was
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Greece on track to redeem $6.3 billion in treasury bills due later this week
Frankfurt :: Germany | 6 months ago
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Greece appeared on track Tuesday to redeem 5 billion euros ($6.3 billion) in treasury bills that are due later this week, after selling 4.06 billion euros of one- and three-month bills at auction...Thursday, which would bring the total amount sold to
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German companies brace for difficult 2013
Frankfurt :: Germany | 6 months ago
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Europe is in recession, but the majority of companies in Germany, the region's top economy, are continuing to defy the crisis, with strong and often better-than-expected results in the third quarter. Nevertheless, the clouds are gathering above
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Lacoste: the fate of the family brand that goes under the Swiss flag Maus
President of Lacoste, Lacoste Dournel Sophie said Wednesday it would sell its shares, as did her father before her, sealing the end of family ownership and management control of the brand by the crocodile Swiss distributor
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Capgemini reports 6%t sales rise in quarter
Paris :: France | 6 months ago
Credibility
French computer consultancy Gapgemini said on Thursday that turnover had risen by 6.0 per cent to 2.5 billion euros in the third quarter but warned that the last three months of the year could be tough. "The steady growth in our turnover, the
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Alstom allays cash...
Riyadh :: Saudi Arabia | 6 months ago
Credibility
French engineering group Alstom, which builds high-speed trains and power plants, reported an 11.0-percent rise in net profit in the first six months and said yesterday that it had sharply improved its cash position. This reassured investors and the
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BMW posts 16% jump in Q3 net profit
Berlin :: Germany | 6 months ago
Credibility
German luxury carmaker BMW said on Tuesday that its third-quarter net profit had risen by a better-than-expected 16 percent to 1.29 billion euros ($1.65 billion), despite what it termed difficult market conditions. "The BMW group continued to perform
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VW to raise EUR 2 bn via convertible bond
Frankfurt :: Germany | 6 months ago
Credibility
Volkswagen aims to raise at least 2 billion euros ($2.57 billion) in fresh capital to strengthen its balance sheet by issuing debt that must be converted into non-voting equity in 2015, the company said on Monday. "Volkswagen stands for solid
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Spain extends rescue fund for regions into 2013
Madrid :: Spain | 6 months ago
Credibility
Spain's government announced Monday it will extend the life of a rescue fund through 2013 to help struggling regions finance crippling debts. Recession-struck Spain's 17 regions have already flooded the rescue fund with cries for help as they try to
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Greece to bring privatization plan to China
Athens :: Greece | 7 months ago
Credibility
But program should not be seen as a source of cash to fill budget holes' The Greek government is taking to China its plan to raise 50 billion euros ($64.74 billion) by privatizing some of its assets in a bid to attract "long-term investors", a Greek
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