Technology, Media & Telecommunications
MphasiS shares soar on talk parent EDS to be bought
BANGALORE (Reuters) - Shares in MphasiS Ltd rose 16 percent on Tuesday on reports Hewlett-Packard was in talks to buy outsourcing firm Electronic Data Systems , which owns a majority stake in the Indian software firm. Full Article
SingTel mobile users rise to 185 mln at end-March
SINGAPORE, May 13 (Reuters) - Singapore Telecommunications Ltd , Southeast Asia's largest phone company, released the following mobile subscriber numbers on Tuesday. Full Article
PRESS DIGEST - Washington Post Business - May 13
WASHINGTON, May 13 (Reuters) - The Washington Post included the following items on the front page of its business section on May 13. Full Article
PRESS DIGEST - British Business =4
Denis O'Brien, who has a 22 percent stake in Independent News & Media , is likely to raise objections to the composition of the INM board at the company's annual general meeting next month. Last year he commissioned a report from consultants at Davis Group that alleged nearly all the company's directors had affiliations with chief executive Sir Anthony O'Reilly, while INM's annual report said company chairman Brian Hillery, and 11 other non-executive directors were independent Full Article
Microsoft software gives free tours of space
SEATTLE (Reuters) - Any Star Trek fan knows that space travel is not always easy, but Microsoft Corp wants to make traveling the "final frontier" as simple as turning on your computer. Full Article
SK Telecom: not in deal talks with Virgin Mobile
SEOUL (Reuters) - SK Telecom Co , South Korea's top mobile carrier, said on Tuesday it is not in talks for a specific deal with Virgin Mobile USA , downplaying speculation about a possible acquisition of the U.S. operator. Full Article
Bharti seeks Middle East funds for MTN bid - WSJ
SINGAPORE, May 13 (Reuters) - India's leading mobile operator Bharti Airtel Ltd has contacted Middle Eastern sovereign wealth funds in a search for additional cash to back a bid for a majority stake in South Africa's MTN Group Ltd , the Wall Street Journal reported on Tuesday, citing people familiar with the situation. Full Article
Nikon profit up; strong yen, rival hit outlook
TOKYO (Reuters) - Japan's Nikon Corp said its quarterly operating profit rose 48 percent thanks to sales of advanced cameras and chip-making equipment, but it predicted a fall in operating profit this year. Full Article
HP in talks to buy EDS to compete with IBM
NEW YORK/SAN FRANCISCO (Reuters) - Hewlett-Packard Co is in talks to buy technology outsourcing company Electronic Data Systems Corp for $12 billion to $13 billion in a deal which would vault it to a close second to IBM in technology services. Full Article
UPDATE 2-DISH posts profit rise, but adds fewer subscribers
NEW YORK, May 12 (Reuters) - U.S. satellite television operator DISH Network Corp posted on Monday a 90 percent drop in subscriber growth in the first quarter, blaming competition and the weak U.S. economy. Full Article
Execs defend humans in high-tech markets
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
| Symbol | Bid | Ask |
|---|---|---|
| BRENT CRUDE | $122.14 | $122.20 |
| MINI GOLD | $879.60 | $880.00 |
| MINI SILVER | $17.17 | $17.19 |
