Tuesday May 13, 03:55 PM
TFN NEWS BRIEFING: TMT highlights to 15:40 BST
2008-05-13 15:36:34
British govt agency sends complaint to EU over Microsoft (NASDAQ: MSFT - news) 's file format software
BRUSSELS (Thomson Financial) - The British government's lead IT and
education agency said it has sent on a complaint to the European Commission that
U.S. group Microsoft Corp.'s Office file format software works badly with rival
software and is anti-competitive.
2008-05-13 15:30:20
Stocks decline after retail sales report, Bernanke speech
NEW YORK (AP) - Wall Street pulled back Tuesday after a report on retail
sales and comments from Federal Reserve Chairman Ben Bernanke gave investors
little incentive to extend the previous session's big advance.
2008-05-13 14:50:50
Time Warner (NYSE: TWX - news) , Apple (NASDAQ: AAPL - news) to bring HBO programming to iTunes
NEW YORK (Thomson Financial) - Time Warner Inc.'s HBO and Apple Inc. Tuesday
said they have signed a deal to make HBO programming available for purchase and
download from the iTunes Store.
2008-05-13 14:47:46
Hewlett-Packard affirmed on EDS buyout; EDS on positive watch - Fitch
MUMBAI (Thomson Financial) - Fitch Ratings affirmed its ratings on
Hewlett-Packard Company (HP) and signalled it may upgrade Electronic Data
Systems Corp. (EDS), after HP proposed to buy EDS for about $13.9 billion cash.
2008-05-13 14:46:41
EchoStar swings to 1Q profit; revenue up 24%
BOSTON (Thomson Financial) - EchoStar Corp. Tuesday said it swung to a
first-quarter net income of $5.7 million, or 6 cents a share, from a
year-earlier loss of $18.5 million, or 21 cents a share.
2008-05-13 14:43:49
Premarket roundup: Sovereign Bancorp (NYSE: SOV - news) , McGraw-Hill
News:
NEW YORK (AP) -- An analyst upgraded Sovereign Bancorp Inc. Tuesday morning (NASDAQ: TUES - news)
after the bank said it would sell stocks and bonds to raise $1.5 billion in
much-needed capital.
2008-05-13 14:34:36
EDS downgraded at Citi, Stifel after run-up pre-H.P. acquisition announcement
LONDON (Thomson Financial) - Electronic Data Systems Corp. was Tuesday
downgraded by Citigroup (NYSE: C - news) and Stifel Nicolaus on valuation grounds after the
company's stock soared nearly 30% since its Friday close on news that
Hewlett-Packard Co. is to buy the technology services company.
2008-05-13 14:12:58
Hewlett-Packard 'A' rating affirmed; EDS on positive watch - S&P
MUMBAI (Thomson Financial) - Standard & Poor's Ratings Services said it has
affirmed its 'A' corporate credit ratings on Hewlett-Packard Co. (HP) and its
subsidiaries after HP agreed to acquire Electronic Data Systems Corp. (EDS) for
about $13 billion. The outlook is stable.
2008-05-13 14:11:15
NEC (Berlin: NEC1.BE - news) wins order to build underwater data cable between Singapore and Indonesia
TOKYO (Thomson Financial) - NEC Corp. said it has been awarded a contract by
Indonesian telecoms operator PT Indosat (ISAT.JK - news) to build an underwater data transmission
cable between Singapore and Indonesia.
2008-05-13 14:10:47
Stocks head to higher open after retail sales report
NEW YORK (AP) - Wall Street headed to a higher opening on Tuesday after a
better-than-expected report on retail sales and comments from Federal Reserve
Chairman Ben Bernanke that turmoil in the financial markets have eased.
2008-05-13 14:08:52
SBA Communications (NASDAQ: SBAC - news) prices $500M convertible senior notes
BOSTON (Thomson Financial) - SBA Communications Corp. Tuesday said its $500
million principal amount of convertible senior notes due 2013 will pay interest
twice a year at an annual rate of 1.875%.
2008-05-13 14:08:37
Spirent Communications (LSE: SPT.L - news) , China Telecoms to rollout location based mobile services
LONDON (Thomson Financial) - Spirent Communications Plc. said it has signed
a cooperation agreement with China Telecommunications Technology Labs (CTTL) to
accelerate the rollout of location based services on Assisted GPS enabled mobile
devices in China.
2008-05-13 13:10:53
Stocks look to open lower ahead of retail reports
NEW YORK (AP) - Wall Street headed for a lower opening Tuesday, with
investors hesitant ahead of a key consumer report and news that Hewlett-Packard
will buy Electronic Data Systems (NYSE: EDS - news) in a deal valued at $12.6 billion.
2008-05-13 13:10:30
BT (LSE: BT-A.L - news) , O2 sign new managed access 5-yr agreement; financial details not disclosed
LONDON (Thomson Financial) - BT Group unit British Telecommunications Plc.
said it signed a new managed network solutions five-year agreement with mobile
services provider O2, whereby BT Wholesale will provide and manage high-speed
connectivity between the majority of O2's base stations and its core national
network in the UK.
2008-05-13 12:56:45
Hewlett-Packard ratings affirmed; EDS under review for upgrade - Moody's
MUMBAI (Thomson Financial) - Moody's Investors Service said it has affirmed
Hewlett-Packard Co.'s (HP) 'A2' long-term and 'Prime-1' short-term ratings after
the company said it has signed a definitive agreement to buy Electronic Data
Systems Corp. (EDS) for about $13 billion in cash.
2008-05-13 12:24:15
Paetec reiterates 2008 outlook after 1Q loss narrows
LONDON (Thomson Financial) - Paetec Holding Corp. reiterated its 2008
guidance Tuesday as the company's first-quarter net loss narrowed to $3 million
from $5.8 million in the same quarter a year ago.
2008-05-13 12:24:11
Ericsson HSPA mobile broadband modules to be built into new Dell (NASDAQ: DELL - news) laptops from Q2
STOCKHOLM (Thomson Financial) - LM Ericsson AB said Dell will offer built-in
HSPA mobile broadband modules from Ericsson (Stockholm: ERICB.ST - news) in its next-generation laptops
beginning in Q2 2008.
2008-05-13 12:19:17
Philips (Amsterdam: PHI.AS - news) to sell TSMC shares in repurchasing program
AMSTERDAM (Thomson Financial) - Royal Philips Electronics NV said it will
if market conditions permit, after TSMC said Tuesday it plans to buyback up to
$1 billion of its shares on the open market.
2008-05-13 11:48:56
Hughes Communications (NASDAQ: HUGH - news) offers 2.2M shares for sale to the public
NEW YORK (Thomson Financial) - Hughes Communications Inc. said is offering
2.2 million shares of common stock to the public.
2008-05-13 11:42:14
Thomson Financial North America Daybook - Tuesday, May 13, 2008
SAN FRANCISCO (Thomson Financial) - Thomson Financial North America Daybook
- Tuesday, May 13, 2008
MAJOR U.S. EQUITY INDEXES:
2008-05-13 11:38:19
SKorean telecom giant KT Corp to forge alliance with Japanese rival NTT
SEOUL (Thomson Financial) - South Korean telecom giant KT Corp. said Tuesday
it would forge a strategic alliance with Japanese rival Nippon Telegraph &
Telephone Corp. (NTT) to develop new business models using next-generation
broadband technologies.
2008-05-13 09:58:09
European telecom industry to consolidate through mergers, acquisitions - Moody's
BANGALORE (Thomson Financial) - Moody's Investors Service said it sees
consolidation in the European telecommunications industry through mergers and
acquisitions.
2008-05-13 09:52:43
Japan's Pioneer (Munich: 857040 - news) suffers fourth straight annual loss
TOKYO (Thomson Financial) - Japanese electronics maker Pioneer Corp. said
Tuesday it incurred a net loss of 17.99 billion yen ($173.3 million) in the
fiscal year ended March 31, as it continued to struggle in the highly
competitive flat-panel TV market.
2008-05-13 09:36:38
Amsterdam shares TFN market data at 10:32 a.m. - Corporate Express higher
AMSTERDAM (Thomson Financial) - Amsterdam shares TFN market data at 10:32
a.m.
2008-05-13 09:32:01
Sinosteel unaware of bid for stake in Australian iron ore miner Fortescue
BEIJING (XFN-ASIA) - An official of Sinosteel, one of China's largest
traders of steel and raw materials used in metals production, said she had no
knowledge of the company's reported bid for a stake in Australian iron ore miner
Fortescue Metals Group Ltd.
2008-05-13 09:18:12
EDS cut to market perform at Friedman Billings (NYSE: FBR - news) after H-P-inspired stock surge
LONDON (Thomson Financial) - Electronic Data Systems Corp. was downgraded
Tuesday to market perform from outperform at Friedman Billings Ramsey, with the
broker encouraging investors to lock in profits following a 30% rise in its
shares after Hewlett-Packard Co. expressed interest in acquiring the company.
2008-05-13 09:14:54
Portugal Telecom (Lisbon: PTC.LS - news) still interested in Ghana Telecom privatisation - report
LISBON (Thomson Financial) - Portugal Telecom, SGPS, SA is still interested
in bidding for the privatisation process of Ghana Telecom, Diario Economico
reported.
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