austriamicrosystems, a leading worldwide designer and manufacturer of high performance analog ICs for communications, industry and medical and automotive applications, recorded audited revenues for fiscal year 2007 slightly below the previous fiscal year and below company expectations. The revenue development was negatively impacted by a shortfall in the mobile entertainment business and the continued adverse

Nokia announced a strong presence at the Game Developers Conference (GDC) in San Francisco with new N-Gage and SNAP Mobile games, live demos of the recently launched N-Gage First Access program, and a keynote by Anssi Vanjoki, Executive Vice President and General Manager, Markets, Nokia. “This year is our biggest GDC to date,” said Jaakko

Ericsson and leading Russian operator VimpelCom have signed an agreement for the supply and implementation of a WCDMA/HSPA network, plus associated services, to cover seven out of nine macro regions including Moscow, the North Caucasus, Siberia, Volga, Northwest Russia, South Russia and the Urals. Under the five-year agreement, Ericsson will supply a WCDMA/HSPA radio access

Moody’s Investors Service has upgraded the bank financial strength rating (BFSR) of Raiffeisen Bank Aval (RBA) to D from D-. The outlook on the BFSR is stable following the upgrade. According to Moody’s, the rating action reflects the significant and ongoing improvements in RBA’s risk management processes to levels commensurate with those of its ultimate

Moody’s Investors Service’s UK credit card indices continued to display an improving trend in December 2007 as measured by key performance indicators compared to the previous year. The rating agency’s latest index report said that although performance in the UK credit card market has been supported by a relatively strong economic backdrop and actions taken

By Yann Le Guernigou and Sudip Kar-Gupta PARIS, Feb 21 (Reuters) – Daniel Bouton, the head of French bank Societe Generale reeling from a trading scandal, said he would continue with the bank’s standalone strategy and that this would create the best value for shareholders. “The board has asked me to manage this crisis, the

Stocks rebounded on Thursday as solid earnings and expectations of further U.S. interest rate cuts outweighed inflation worries, even as oil hit a record high above $101 a barrel. European shares were also set for a rally on a busy day for corporate results, with financial bookmakers in London expecting gains of 1-1.4 percent for