Senior Staff Photographer/Editor, Toronto, Ontario
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Nov 19, 2014

Gemalto eyes acquisitions to accelerate 2017 growth plan – CEO

PARIS (Reuters) – Gemalto, which makes smart chips for mobile phones, bank cards and biometric passports, is considering acquisitions to speed up plans to surpass 600 million euros (482 million pounds) in revenue from operations by 2017, its CEO said.

The digital security company has dismissed suggestions that Apple’s installation of SIM cards and near-field payment technology into its new tablets and phones could threaten its business plan, saying an expansion of the market was beneficial.

Nov 14, 2014

Vivendi outperforms in third quarter, big profits from disposals

PARIS (Reuters) – European media group Vivendi (VIV.PA: Quote, Profile, Research, Stock Buzz) posted a rise in profit that beat expectations on Friday due to cost cutting and the performance of its music business, while it stayed mum on plans to use billions earned from selling telecoms units.

Vivendi, which is nearing the end of a strategy overhaul began in spring 2012, more than doubled the profits attributable to the group to 839 million euros in the third quarter, including the proceeds from selling Maroc Telecom (IAM.CS: Quote, Profile, Research, Stock Buzz) and a stake in headphone maker Beats.

Nov 14, 2014

Vivendi outperforms in Q3, big profits from disposals

PARIS, Nov 14 (Reuters) – European media group Vivendi
posted a rise in profit that beat expectations on
Friday due to cost cutting and the performance of its music
business, while it stayed mum on plans to use billions earned
from selling telecoms units.

Vivendi, which is nearing the end of a strategy overhaul
began in spring 2012, more than doubled the profits attributable
to the group to 839 million euros in the third quarter,
including the proceeds from selling Maroc Telecom and a
stake in headphone maker Beats.

Oct 30, 2014

Alcatel-Lucent sales dip, margins improve in Q3

PARIS, Oct 30 (Reuters) – Alcatel-Lucent delivered
a net loss as sales fell in a tough third quarter for the
telecoms equipment industry, but it squeezed out more costs to
improve its gross profit margin to 34 percent from 31.9 percent
a year earlier.

The company said on Thursday that its net loss came in at 18
million euros ($22.67 million), down from 200 million a year
earlier, while sales declined 5.9 percent to 3.254 billion
euros.

Oct 29, 2014

STMicro eyes more costs cuts to sustain profit margins

PARIS/FRANKFURT, Oct 29 (Reuters) – STMicroelectronics
, Europe’s largest semiconductor company, said on
Wednesday it would cut costs to sustain higher margin targets in
a softening market, but warned of weaker revenue and profits in
near-term.

The lowered outlook for ST follows warnings of weakness
ahead from several ST peers over the past month — caution that
has sparked a wave of selling in semiconductor stocks worldwide
and cuts to analyst forecasts for ST itself.

Oct 27, 2014

Numericable wins conditional approval for SFR deal

PARIS (Reuters) – Cable operator Numericable (NUME.PA: Quote, Profile, Research, Stock Buzz) won conditional approval on Monday for its multi-billion-euro takeover of Vivendi’s SFR mobile business, paving the way for it to close the deal by the end of the year.

France’s competition authority said Numericable would have to divest certain assets and make its cable network available to its competitors temporarily to give them time to develop their own high-speed broadband networks.

Oct 23, 2014

Faster cost cuts boost Orange

PARIS/FRANKFURT, Oct 23 (Reuters) – Orange posted
third-quarter results that were slightly higher than forecast as
France’s largest telecom company cut costs more rapidly than
expected and customers signed up for faster 4G mobile services.

France’s No. 1 mobile firm believes the sector still needs
mergers to cope with fierce price competition but an Orange
executive said it would not move first, three months after it
dropped a bid for No. 3 mobile company Bouygues SA.

Oct 23, 2014

Publicis counts Omnicom costs as third-quarter growth disappoints

PARIS (Reuters) – French advertising group Publicis said organic sales growth was a disappointing 1.0 percent in the third quarter, blaming mainly its focus on “other plans” – a reference to this year’s failed merger with U.S.-based Omnicom.

“We are at the end of this cycle and very confident of the future,” Chairman and Chief Executive Maurice Levy said in a statement, but he told reporters the third quarter result “does not match market expectations or our own”.

Oct 23, 2014

Publicis counts Omnicom costs as Q3 growth disappoints

PARIS, Oct 23 (Reuters) – French advertising group Publicis
said organic sales growth was a disappointing 1.0
percent in the third quarter, blaming mainly its focus on “other
plans” – a reference to this year’s failed merger with
U.S.-based Omnicom.

“We are at the end of this cycle and very confident of the
future,” Chairman and Chief Executive Maurice Levy said in a
statement, but he told reporters the third quarter result “does
not match market expectations or our own”.

Oct 17, 2014

Bollore seeks controlling stake in Havas

PARIS (Reuters) – French tycoon Vincent Bollore on Friday mapped out an offer to acquire control over at least 50 percent of Havas (EURC.PA: Quote, Profile, Research, Stock Buzz), the

world’s sixth-largest advertising company he started investing in over 10 years ago.

    • About Hyungwon

      "As a photojournalist for more than a quarter of century, Hyungwon Kang has been a witness to history. Kang has worked for Reuters, The Associated Press, Los Angeles Times and TIME Magazine. During his tenure in journalism, Kang has served as a Photographer, Photo Editor, Front Page Photo Editor, Photo Assignment Editor, and as a Manager of Photo Department. Currently, Kang works as Senior Picture Editor at Reuters Pictures North America Desk. Duties include assigning and editing of news, sports and feature coverage of the U.S. and Canada as well as participating in news coverage as needed."
      Joined Reuters:
      2001
      Languages:
      English, Korean, Spanish, Mandarin Chinese
      Awards:
      Pulitzer, 1993
      Pulitzer, 1999
    • More from Hyungwon

      Publications:
      "From the Streets to the Olympics, (Korea, Democracy and the 24th Olympiad, 1987-88)
      Art Space publications, 1989"
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