Mobile phone group Vodafone lowered its outlook for full-year revenue to around the bottom of a previously forecast range due to weak economies and particular pressures in Spain. Vodafone, the world's largest mobile phone company by revenue, on Tuesday posted first-quarter revenue in line with forecasts at 9.8 bln pounds ($19.57 bln), showing organic growth
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Telecom equipment maker Ericsson reported better-than-expected second-quarter earnings on Tuesday in a mixed report that analysts said offered tentative signs that the firm is turning a corner. Ericsson, the world's No. 1 mobile network maker, beat forecasts for the second consecutive quarter with earnings before interest and tax of 4.7 bln Swedish crowns ($789 mln)
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More than 1,600 years after it was written in Greek, one of the oldest copies of the Bible will become globally accessible online for the first time this week. From Thursday, sections of the Codex Sinaiticus, which contains the oldest complete New Testament, will be available on the Internet, said the University of Leipzig, one
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Funny or Die, the Will Ferrell-fronted online humor hub, has suffered a death in the family. A sister Web site that once featured the stars of Blue Collar Comedy is being shuttered by FOD's parent company, Or Die Networks (ODN). The site is being yanked because its traffic came up short of internal expectations. BlueCollarOrDie
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Bank examiners from the U.S. Federal Reserve and the Comptroller of the Currency are inspecting the books of mortgage finance companies, Fannie Mae and Freddie Mac, The New York Times reported on Tuesday. The Fed and the comptroller's office began combing the books of the two largest U.S. home loan companies after their declining stock
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Most Asian stocks traded flat on Tuesday as investors awaited more U.S. corporate results after a landslide of disappointing earnings spread uncertainty about consumer demand, though Japanese shares surged on hopes for U.S. banks. European shares are expected to open down as much as 0.9%, according to financial bookmakers, after lower-than-expected earnings from American Express
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Members of the House of Commons from the three political parties of Britain have expressed their decisive support to the efforts being made by the Cypriot President Demetris Christofias and the Turkish Cypriot leader Mehmet Ali Talat for a solution to the Cyprus problem. Speaking yesterday at a mass demonstration for condemning the Turkish invasion,
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Chairman of the External Relations Committee of the Cyprus House of Representatives Averof Neofytou pointed out the need for the strengthening of the EU – Russia dialogue. Neofytou was speaking during a Meeting of the Chairmen of the Foreign Affairs Parliamentary Committees of EU member states, the European Parliament and candidate states for membership to
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he President of the Republic of Madagascar Marc Ravalomanana has assured the new High Commissioner of the Republic of Cyprus to the country, Argyros Antoniou, that his country will continue to support the just struggle of the Cypriot people for reunification. According to an official press release issued here today, Antoniou, who has recently presented
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Bank of America Corp on Monday reported quarterly profit that fell less than expected, as improved investment banking and trading results offset a surge in bad loans, causing shares of the largest U.S. retail bank and mortgage lender to soar. The 41% drop in earnings was the bank's fourth straight quarterly decline, as the bank
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