Technology, Media & Telecommunications
France's NRJ says board chief Pallain could leave
PARIS, May 16 (Reuters) - French media group NRJ said on Friday that Managing Board Chairman Marc Pallain could leave after the group's annual shareholders meeting. Full Article
Infineon CEO set to step down at end-June -source
MUNICH (Reuters) - Infineon AG Chief Executive Wolfgang Ziebart will step down, probably at the end of June, a source close to the company's supervisory board told Reuters on Friday. Full Article
Lou Reed to host satellite radio show on Sirius
LOS ANGELES (Reuters) - Rocker Lou Reed is taking a walk on the wild side to Sirius Satellite Radio Inc, where he will host his own weekly show, the company said. Full Article
UPDATE 3-TietoEnator owners with blocking stake oppose bid
HELSINKI, May 16 (Reuters) - Finnish shareholders with a total holding of more than 10 percent in TietoEnator said on Friday they would not accept a 1.08 billion euro ($1.67 billion) takeover offer from Sweden's Nordic Capital. Full Article
EU commissioner warns Greece over takeover law
ATHENS, May 16 (Reuters) - Greece must change a national law used to block a takeover of domestic telecoms group OTE or face legal action at the European Court, a European Union Commissioner said on Friday. Full Article
Spanish broadband connections up 18.1 pct in March
MADRID, May 16 (Reuters) - Broadband Internet connections in Spain grew 18.1 percent in March to 8.4 million lines, apparently undaunted by slowing economic growth, Spain's telecoms watchdog CMT said on Friday. Full Article
Kenya shilling holds steady vs dlr
NAIROBI, May 16 (Reuters) - The Kenya shilling <KES=> was stable against the dollar due to sustained demand for the greenback by importers, dealers said. Full Article
UPDATE 1-Deals of the day -- mergers and acquisitions
May 16 (Reuters) - The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 0930 GMT on Friday. Full Article
Oil stocks, Sanofi push Europe shares to 4-mo high
FRANKFURT, May 16 (Reuters) - European shares rose to a four-month high on Friday, lifted by pharmaceutical stocks after positive data for a Sanofi-Aventis heart drug, while energy shares powered higher with oil around $125 a barrel. By 0942 GMT, the pan-European FTSEurofirst 300 index was up 1 percent at 1,373.59 points, its highest since Jan. 18 and rising for a third consecutive session. The index has gained about 1.3 percent so far this week. Full Article
UPDATE 1-Qualcomm's acquires UK spectrum for new services
LONDON, May 16 (Reuters) - Wireless technology developer Qualcomm Inc. has acquired radio spectrum in Britain known as L-band which will allow it to launch services such as mobile television, wireless broadband and satellite radio. Full Article
Execs defend humans in high-tech markets
NEW YORK (Reuters) - The heads of the world's biggest stock exchanges agree there is still room for the "human element" in a high-speed trading environment that has aggressively gone electronic. Full Article
| Symbol | Bid | Ask |
|---|---|---|
| BRENT CRUDE | $125.38 | $125.44 |
| MINI GOLD | $898.50 | $898.90 |
| MINI SILVER | $17.00 | $17.02 |
