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U.S. FCC needs better data on TV stations' shared deals -watchdog

WASHINGTON, July 28 - The Federal Communications Commission may have problems ensuring that its regulations on shared arrangements by TV stations meet the agency's goals on competition and diversity because "it lacks basic data," the U.S. government watchdog said on Monday.

Technology, Media 3:49pm EDT

UPDATE 2-Microsoft targeted in apparent Chinese antitrust probe

BEIJING, July 28 - Microsoft Corp appears to be the latest U.S. company targeted by China for antitrust investigation as government officials paid sudden visits to the software firm's Chinese offices on Monday.

Fitch Affirms Russia's OAO MegaFon at 'BB+'; Outlook Stable

(The following statement was released by the rating agency) MOSCOW/LONDON, July 28 (Fitch) Fitch Ratings has affirmed Russia-based OAO MegaFon's (MegaFon) Long-term Issuer Default Rating (IDR) at 'BB+' with a Stable Outlook. A full list of rating actions is available at the end of this commentary. OAO MegaFon's business and financial profile corresponds to mid-'BBB' rating level on a standalone basis, given the company's established market positions, strong free cash flow generation and low

1:04pm EDT

Spain's Jazztel H1 EBITDA up 21 pct on new mobile, fibre clients

MADRID, July 28 - Spanish telecoms group Jazztel on Monday reported a 21 percent rise in first-half core earnings, driven by new clients for mobile phones and fibre-optic internet.

Technology, 12:02pm EDT

UPDATE 1-Kenyan shilling steady on tight liquidity, stocks inch down

(Adds markets close, stocks) By George Obulutsa NAIROBI, July 28 - The Kenyan shilling closed steady on Monday and traders said they expected it to strengthen due to tight liquidity in the money markets, while stocks nudged lower. At close of trade at 1300 GMT, commercial banks quoted the shilling at 87.70/80 to the dollar, compared with Friday's closing rate of 87.65/75. Traders said the shilling was expected to strengthen due to tight liquidity in the money markets.

10:50am EDT
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