Technology, Media & Telecommunications

France's NRJ says board chief Pallain could leave 7:54am EDT

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 7:58am EDT 

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 

Photo
Lou Reed to host satellite radio show on Sirius 8:06am EDT 

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 6:21am EDT

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 6:14am EDT

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 6:10am EDT

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 5:52am EDT

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 5:48am EDT

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 5:45am EDT

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 5:42am EDT

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

 
Photo
Execs defend humans in high-tech markets Friday, 9 May 2008 08:04pm EDT

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 

Currency
UK £ inUSD =1.9481
Euro inUSD =1.5500
¥en inUSD =0.0096
Symbol Bid Ask
BRENT CRUDE $125.38 $125.44
MINI GOLD $898.50 $898.90
MINI SILVER $17.00 $17.02