Wednesday, May 22, 2013
 
 

MOSCOW/CAIRO (Reuters) - Russia-focused telecoms firm Vimpelcom's talks to sell a controlling stake in its Algerian mobile business Djezzy to Algeria are at a delicate stage but have not failed, a source with knowledge of the discussions said on Wednesday.

Algeria wants to nationalize Djezzy and has pushed Vimpelcom into discussing a sale of a 51 percent stake.

A report by Dow Jones earlier said that talks had ended in failure, citing two officials close to the matter.

The source told Reuters that there might be further clarity on the issue in coming days.

Vimpelcom declined comment. Algerian Finance Minister Karim Djoudi, who has been handling the issue, told reporters two week   [READ MORE]
 
 
 
TOKYO (Reuters) - Japan's Sony Corp lowered its sales target for digital cameras to 1.3 trillion yen ($12.7 billion) for the fiscal year to end-March 2015, from a previous estimate of 1.5 trillion yen.

Sony also cut its sales target for smartphones and tablets to 1.5 trillion yen in it...   [READ MORE]
 
By Tim Kelly

TOKYO (Reuters) - Few foreign activist investors have made much headway in forcing change in Japan, where a conservative corporate culture favors long-standing ties with banks, business partners and workers rather than shareholders seeking value.

Struggli...   [READ MORE]
 
By Tim Kelly

TOKYO (Reuters) - Sony Corp cut its sales targets for digital cameras, smartphones and tablets by 13-17 percent for the year to end-March 2015, but said there were encouraging signs of a revival in its electronics business.

CEO Kazuo Hirai told a press ...   [READ MORE]
By Alistair Barr

SAN FRANCISCO (Reuters) - PayPal has opened a new data center to help the online payment division of eBay Inc handle its rapid growth, President David Marcus said on Tuesday.

The addition means PayPal now has four primary data centers, which it runs f...   [READ MORE]
 
By Alina Selyukh and Jim Finkle

WASHINGTON/BOSTON (Reuters) - Several power utilities say they face a barrage of cyber attacks on their critical systems, a report by two Democratic lawmakers found echoing warnings from the Obama administration that foreign hackers were trying to bring down...   [READ MORE]
By Jonathan Stempel

(Reuters) - A divided federal appeals court has revived a lawsuit against Electronic Arts Inc by a former Rutgers University star football quarterback, who accused it of using his image in a video game without permission.

By a 2-1 vote, the 3rd U.S...   [READ MORE]
 
 
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