NEW YORK (Reuters) – Yahoo Inc. is set to reject Microsoft Corp.’s offer, initially worth $44.6 bln, as undervaluing the business, a source familiar with the situation said on Saturday. The Internet media giant is expected to reject Microsoft’s offer on Monday, the source said.
More
Motorola, Inc. announced the introduction of the Mobile TV DH01n, a pocket sized device that combines a personal media player with advanced navigation capabilities including: 2D or 3D GPS and Tele Atlas map views, points of interest and voice-activated directions. “Consumers are routinely moving away from traditional primetime video viewing to ‘my time’ experiences —
More
Ericsson and FIFA have signed a global agreement where FIFA will use Ericsson’s content management and service delivery platforms to enable its broadcaster and telecom content licensees to propose a mobile content offer based on FIFA events in 2009 and 2010. FIFA, the world governing body of football, will use Ericsson’s platform to allow broadcasters
More
Moody’s Investors Service has placed Ukraine’s Pravex-Bank’s B2 long-term global local currency deposit rating, its A3.ua National Scale Rating and its B2 long-term local currency debt rating on review for possible upgrade, following a takeover announcement by Intesa Sanpaolo, Itay’s biggest retail bank, for 504 mln euros (US$ 747 mln). At the same time, Moody’s
More
ATHENS (Reuters) – As Greek scandals go, it started as a trivial but titillating tale — a ministry official jumps from his balcony after being blackmailed by an angry lover. Many Greeks yawned. Few suspected that what would soon be known as the “sex, lies and DVDs scandal” would effectively freeze planned reforms, push the
More
PARIS, (Reuters) – One in two flights to Orly airport south of Paris was cancelled on Monday due to a strike by some air-traffic controllers, France‘s civil aviation authority (DGAC) said. A DGAC spokeswoman said the strike also caused “some delays but no cancellations” at the larger Charles de Gaulle airport, north of the French
More
Iran will launch its first investment banks next month as part of efforts to speed up privatisation and dodge U.S. restrictions on its banking sector, the Deputy Finance Minister told the Financial Times on Monday. Heidari Kord Zangeneh said in an interview the three banks will help the Islamic Republic to sell all public companies
More
PARIS (Reuters) – European stocks dropped 1% in early trade on Monday, adding to last week’s sharp losses as persistent concerns over a credit crisis weighed on banking shares. Shares in French bank Societe Generale tumbled 5.6% after it launched a rights issue at a steep discount. At 0810 GMT, the FTSEurofirst 300 index of
More
PARIS (Reuters) – Societe Generale, the French bank reeling from a rogue trading scandal, launched a rights issue at a steep discount on Monday, aiming to raise 5.5 bln euros ($7.97 bln) to bolster its balance sheet. The one for four rights issue at 47.50 euros per share is 38.9% below Friday’s closing price and
More
But annual inflation is high at 4.3% Â The first inflation rate published after Cyprus adopted the euro shows that there was only a mild euro effect if prices are compared with the previous month but the annual consumer price inflation rate was high compared with the same period of 2007. Prices in January 2008
More