NEW YORK (Reuters) – Cisco (CSCO.O: Quote, Profile, Research, Stock Buzz) Chief Executive Officer John Chambers on Wednesday said the networking company was not among the potential suitors for data storage products maker EMC Corp (EMC.N: Quote, Profile, Research, Stock Buzz), which the Wall Street Journal has said is exploring options that include a sale.
Chambers, speaking at a Wall Street Journal breakfast, said he usually avoided commenting on potential deals but would make an exception in this case.
NEW YORK, Sept 11 (Reuters) – Verizon Communications Inc
plans to launch an Internet-based television service in
the first half of next year, its chief executive said on
Thursday, in a move intended to shake up traditional cable and
satellite TV services.
In January, Verizon bought an Intel Corp venture to
create a web-based TV service. The move raised expectations that
a viable alternative to cable TV service could finally become a
reality. Competition to create such a service has been
intensifying lately, with Sony Corp, Dish Network Corp
and DirecTV developing similar products.
NEW YORK (Reuters) – Launching a weekly Sunday night news comedy show in an era of ever shorter news cycles is both a blessing and a curse, as John Oliver freely admits.
As he chooses current events topics to skewer, the bespectacled British comedian will have to pick over what other late-night shows, most notably “The Daily Show with Jon Stewart,” where he used to work, have already feasted on.
NEW YORK (Reuters) – British stand-up comedian John Oliver can sound downright angry at times, even though his star is on the rise.
The 36-year-old Oliver has managed to parlay a successful stint filling in for Jon Stewart on “The Daily Show” into a gig hosting a Sunday night news comedy show on HBO that debuts April 27.
SEATTLE/NEW YORK (Reuters) – Speculation over Microsoft Corp’s succession plans refocused on internal choices on Wednesday, a day after the leading outside candidate, Ford Motor Co CEO Alan Mulally, took himself off the list of potential CEOs at the world’s largest software maker.
A source close to the company said no appointment was likely until the last week of January or in February. The source asked not be identified because they were not authorized to speak publicly about the process to select a successor to long-time CEO Steve Ballmer, who in August announced his plan to retire.
PARIS, Sept 11 (Reuters) – Vivendi said it aimed to
decide early next year on whether to spin off its struggling
French telecoms unit SFR as the once-sprawling conglomerate
seeks to remake itself as a media group focused on music and
Vivendi set the deadline for a decision on a split between
media and telecoms and also named its largest shareholder
Vincent Bollore as vice-chairman of its board in a bid to defuse
a boardroom row.
PARIS/FRANKFURT (Reuters) – A regulatory crackdown on debt could hit Deutsche Bank (DBKGn.DE: Quote, Profile, Research, Stock Buzz) harder than expected and embroil Credit Agricole (CAGR.PA: Quote, Profile, Research, Stock Buzz) despite the French bank’s insistence that its ownership structure reinforces its capital defenses.
Global regulators meeting in the Swiss city of Basel in June surprised banks with a new focus on leverage to measure risk, prompting banks holding large amounts of financial derivatives such as Barclays (BARC.L: Quote, Profile, Research, Stock Buzz) and Deutsche Bank to either tap investors for more equity funding or make plans for yet another purge of assets to free up capital.
PARIS (Reuters) – Credit Agricole (CAGR.PA: Quote, Profile, Research, Stock Buzz) reported a more than twelvefold increase in quarterly profit, becoming the latest French lender to beat forecasts as its slimmed down investment bank showed unexpected resilience.
However, France’s third-biggest bank struck a cautious note on the domestic economy, which has become all the more important to the 119-year-old semi-cooperative bank as it unwinds an ill-fated expansion abroad.
PARIS, Aug 6 (Reuters) – Credit Agricole reported
a more than twelvefold increase in quarterly profit on Tuesday
from a year-ago period depressed by Greece and Italy-related
provisions as France’s No. 3 bank refocuses on its home market.
Chief Executive Jean-Paul Chifflet said he expected the bank
- which in 2012 posted a loss close to 4 billion euros ($5.3
billion) related to its exit from Greece and asset writedowns -
to deliver a “significantly positive” result for the full year.
PARIS/FRANKFURT (Reuters) – Europe’s two top insurers, Allianz (ALVG.DE: Quote, Profile, Research, Stock Buzz) and AXA (AXAF.PA: Quote, Profile, Research, Stock Buzz), reported forecast-beating earnings on Friday even as both keep a wary eye on looming regulations, with AXA’s CEO warning of the dangers of an “avalanche of bureaucracy”.
Like other insurers, the two have been struggling against low interest rates that crimp the yield they can earn on their investments but both managed to achieve stronger than expected gains in operating profit, helped by strength in asset management and their property and casualty insurance businesses.