• Most Popular
  • Most Shared

Reuters Industry Summit

The first Boeing 787 Dreamliner sits on the assembly line at the company's Everett plant in Washington in this May 19, 2008 file photo. REUTERS/Robert Sorbo/Files

Aerospace and Defense

Defense budgets are not declining as sharply as some had feared, but companies are scrambling to ensure continued earnings growth. Get exclusive insight into the defense sector from the Reuters Aerospace and Defense Summit.  Full Coverage 

    Activision sees EPS, synergy boost in Vivendi deal

    PARIS
    Mon Dec 3, 2007 9:23am EST

    Stocks

       

    PARIS (Reuters) - U.S. videogames group Activision (ATVI.O) said on Monday it expected a boost to its earnings from a deal under which France's Vivendi (VIV.PA) will take control of the company.

    In a presentation to analysts, Activision Chairman and Chief Executive Robert Kotick said Activision expected a 2009 EPS (earnings per share) in excess of $1.20.

    The company added it expected the deal with Vivendi to result in between $50 million to $100 million in cost synergies.

    (Reporting by Sudip Kar-Gupta and Franklin Paul)


    More from Reuters

    Photo

    Jobless claims up, labor market still healing

    WASHINGTON (Reuters) - The number of workers filing new applications for jobless insurance unexpectedly rose last week, according to government data on Thursday that still suggested the labor market was improving.

    » More Top News
    A girl sits on her father's shoulders in front of a globe with an interactive display during an Earth Hour ceremony at the townhall square in central Copenhagen December 16, 2009. Credit: REUTERS/Christian Charisius

    U.N. talks at "critical juncture"

    Climate talks were given a second chance after the U.S. backed a $100 billion global fund to support poor countries. What else will it take to hammer out a deal?  Full Article 

    Climate Conference
    Bernd Debusmann
    Bernd Debusmann:

    Burning borrowed money

    The Pentagon burns through $5 million in borrowed money every hour in Afghanistan and the amount is expected to more than double once additional troops are deployed. Each soldier requires 22 gallons of fuel daily.  Commentary 

    Afghanistan