Vivendi Revenue Down 26 Percent on Selloff
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Vivendi Universal SA said Tuesday that revenue fell 26 percent in the fourth quarter after the communications giant accounted for the sale of U.S. entertainment assets.
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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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Shares of the worldâs biggest maker of mobile networks fell 24% after announcing a drop in third-quarter profit amid weaker demand for equipment in Europe and the U.S.
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Shares in telecoms group Thus drop nearly 25%  as worries about stiff competition force the company to issue a profit warning.
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Shares of ESS Technology (ESST.O: Quote, Profile, Research) , a maker of computer chips for DVD equipment, fell 4.4 percent in premarket trading on Monday after the company lowered its third-quarter revenue and earnings
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Shares of device maker Possis Medical (Nasdaq: POSS) are down 38% to $19.20 after the company cut its fiscal 2005 earnings outlook after a trial involving its AngioJet blood clot treatment yielded disappointing results.
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Marking the worst sales year on record, new home sales dropped by 26.4% last year to 774,000.
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Shares in Ubisoft Entertainment fell sharply following a denial by media giant Vivendi Universal that it was considering a bid for the French videogame maker to thwart a takeover by Electronic Arts of the United States.
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Business tax cuts and proliferating shelters pushed the effective tax rate of 275 large US corporations down by 20 percent since 2001, even as their pretax profits jumped 26 percent, according
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WPP Group (WPPGY:Nasdaq ADR - news - research) sank 3% after the British ad agency agreed to buy New York&#39;s Grey Global (GREY:Nasdaq - news - research) for about $1.
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MedImmune's shares sank nearly 9 percent yesterday after the company reported weaker-than-expected fourth-quarter revenue for two high-profile products and disclosed a delay in filing for federal approval of a new version of Synagis, its lead drug.
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Vivendi Universal posted a near doubling in its first-half net loss to 1.86 billion euros ($2.28 billion) on Tuesday, hit by currency translation losses linked to its
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The company's sales fall, pulling down its stock price.
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Government orders Rupert Murdoch's network to sell down from 17.9% to 7.5%
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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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Royal Philips Electronics NV, The Dutch technology conglomerate, reported net profit fell 17 percent in the fourth quarter on a mix of charges, writedowns and stock sales.
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French media and telecommunications giant Vivendi on Wednesday reported full-year adjusted net profit of 2.61 billion euros (3.43 billion dollars), up 17.9 percent from a year earlier.