Tax break sparks a rise in Vivendi&#39;s net
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Vivendi Universal, the French owner of the world&#39;s largest record company, said on Wednesday that its third-quarter profit jumped almost sixfold, helped by tax savings.
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MOSCOW Vimpel-Communications, the second-largest Russian mobile phone company, after Mobile TeleSystems, has been hit with a surprise claim for $157.8 million in back taxes, prompting fears of another Yukos-style tax investigation.
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Vivendi Universal posted a first-half net loss Tuesday that almost doubled to 1.86 billion, as it was hit by currency translation losses linked to its entertainment deal with NBC.
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PARIS Vivendi Universal, the entertainment and communications group, clinched a deal with the French government on Thursday that would reduce the company&#39;s tax bill by billions of euros over the next several years in exchange for a pledge to create
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French telecoms and media group Vivendi   reported a 10.3 percent rise in second-quarter net adjusted   profit on Thursday as growth from games and pay-TV Canal Plus   made up for lackluster trading at mobile arm SFR.
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Amazon.com\\'s sales surged during the holiday season, and profits climbed, too, mainly because of a tax break. But the online retailer\\'s profit fell a few pennies a share short of Wall Street\\'s expectations for a third-consecutive quarter, and investors drove its shares down  in after-hours trading.
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Vivendi Universal raised its 2004  earnings forecast as it reported a 19 percent increase in  underlying third-quarter profit on Wednesday, driven mainly by  strong mobile phone sales.
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France&#39;s largest media group, Vivendi Universal, yesterday revealed that first-half net losses had nearly trebled to â¬1.86bn (Â£1.
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VANCOUVER, British Columbia  - A tax-break battle  has broken out in Canada over millions of dollars in Hollywood  film deals, after Ontario boosted incentives for movie makers  in a bid to offset pressure from a soaring Canadian dollar.
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Alarm in Russian markets yesterday at the authorities&#39; $158m tax demand from Vimpelcom, the mobile operator, underlines nervousness after the assault on Yukos.
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French telecoms and media group Vivendi   reported a 10.9 percent rise in its first-half net  adjusted profit on Thursday, as growth from games and pay-TV  Canal Plus made up for lackluster trading at mobile arm SFR.
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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's recovery is almost complete, the French media and telecommunications giant declared Tuesday, despite a massive second-quarter net loss bloated by the effects of the weaker U.S. dollar.
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PARIS, Aug 26  - Vivendi Universal will create 2,100 jobs over five years as part of a deal agreed with the French government allowing the French media and communications group to book tax credits under a new regime, the finance ministry said Thursday
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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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Vivendi Universal will create 2,100 jobs over five years as part of a deal agreed with the French government allowing the French media and communications group to book tax credits under a new regime, the French finance ministry said.
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Profit soared on increased sales volume, a lower tax rate and cost savings.