Games and Maroc Telecom lift Vivendi Q4 sales
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Vivendi fourth-quarter sales rose 1.2 percent as buoyant trading at its Maroc Telecom and in video games helped compensate declines at its music and French mobile businesses.
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The video game maker exceeded Wall Streetâs earnings expectations despite a 38 percent drop in third-quarter sales.
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LONDON, November 25  - Dutch electronics and semiconductor giant, Philips (PHI1.ETR), has sold its entire stake in the French media company, Vivendi Universal.
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Vivendi Universal SA raised its 2004 earnings forecast Wednesday after strong performances by its music and telecommunications units powered a more than fivefold increase in third-quarter profit.
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French media and telecommunications giant Vivendi Universal reported that third quarter sales fell to 4.7 billion euros (6.1 billion dollars) from 5.9 billion a year earlier but were nonetheless ahead of experts' expectations.
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Shares of the leading video game software publishers traded higher Friday despite mixed November sales. US sales of console games -- those made for Sony&#39;s (SNE:NYSE - news - research) PlayStation 2, Microsoft&#39;s
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Vivendi Universal, the French media group that almost collapsed into bankruptcy two years ago, yesterday surprised investors with strong third-quarter revenues driven by soaring music sales in the Britain and North America.
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Shares in Nintendo Co Ltd  briefly jumped more than 5 percent on Friday after robust holiday sales of Wii and DS game machines helped more than double its quarterly operating profit and prompted it to raise its outlook above market expectations.
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Vivendi Universal revealed on Tuesday the  full impact of selling most of its entertainment business, as  impairment charges incurred from the deal were largely behind a  nearly trebled first-half net loss of 1.86 billion euros ($2.28  billion.).
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Nokia, the world's leading mobile phone maker, announced soaring fourth quarter and full-year 2007 earnings Thursday boosted by strong handset sales.
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Europe&#39;s biggest mobile phone retailer, Carphone Warehouse, said in a trading update on Wednesday that sales were up on the back of a 25 per cent leap in new connections.
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SAN FRANCISCO &#151; Electronic Arts Inc. exceeded Wall Street's earnings expectations Thursday despite fiscal third-quarter sales that dropped 38 percent, thanks to brisk holiday sales of video games used on the Sony Playstation 3.
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PARIS Bouygues Telecom and Vivendi Universal, both of France, began a new mobile phone service Wednesday in an attempt to bolster their market share and increase revenue from young customers.
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France&#39;s largest media company, Vivendi Universal (EAUG.PA: Quote, Profile, Research) , raised its 2004 earnings forecast as it reported a 19 percent increase in third-quarter underlying operating profit, buoyed by a rebound in
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Vivendi Universal, the entertainment and communications company, clinched a deal with the French government on Thursday that would reduce its tax bill by more than $4.
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Vivendi Universal SA said Thursday it was selling 15 percent of its water utility Veolia Environnement SA in a move that could raise about euro1.5 billion (&#36;2 billion) and further cut debt at the French media and telecommunications group.
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French media and telecoms group Vivendi   on Wednesday posted an 18 percent rise in adjusted  full-year net profit, pulled mainly by Maroc Telecom   and its games, French mobile and pay-TV units.