PARIS Nov 13 Entertainment-to-telecom group Vivendi raised its 2012 adjusted net income target to 2.7 billion euros ($3.43 billion)from 2.5 billion, saying business performance was offsetting the economic slowdown and a heavier tax environment.
Stronger sales at its video game unit Activision Blizzard are helping compensate for ongoing weakness at its largest unit, French telecom operator SFR, which has been hit by a new low-cost mobile player in its home market.
Vivendi added that it now expects SFR to post a decrease in full-year earnings before interest, tax, depreciation and amortisation (EBITDA) of close to 12 percent, against 12-15 percent predicted previously.
Chinese court rules in favour of Apple in local design patent disputes
BEIJING, March 25 A Chinese court has ruled in favour of Apple in design patent disputes between the Cupertino, California company and a domestic phone-maker, overturning a ban on selling iPhone 6 and iPhone 6 Plus phones in China, Xinhua news agency reported.