Share sale dents France Telecom
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France Telecom shares have fallen after the French government opted to reduce its substantial stake in the business.
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French bank BNP Paribas warns "deepening crisis" in financial markets has dented profits.
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Shares in Nortel Networks Corp. dropped 9 per cent yesterday after the telecom equipment giant, the subject of several Canadian and US accounting probes, hinted that rivals are taking a bite out of its market share.
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French unions won a legal bid to postpone  a crucial board meeting of Gaz de France  on its  planned 80 billion euro ($102.5 billion) merger with utility  Suez , dealing a blow to the government-backed deal.
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German telephone operator MobilCom -- in which France Telecom holds a 28.3-percent stake -- said it was pencilling in further earnings growth next year after it achieved record operating profit in the first nine months of 2004.
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Neuf Cegetel provided traders with a focus for attention on Tuesday after shares in France's second-largest fixed-line phone company were suspended amid market talk that major shareholders were in talks to prepare the groundwork for a possible merger.
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A dizzying surge in the price of Eurotunnel shares eased on Thursday as the French market regulator warned investors and traders that the sharp rise had been &quot;atypical.&quot;
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The French government will give up at least five percent of its stake in France Telecom and use the money to reduce national debt, Economy Minister Christine Lagarde said in a statement Sunday.
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Societe Generale is in crisis, France's economy minister said on Tuesday of the bank hit by losses piled up by a rogue trader, questions over its leadership, takeover speculation and a falling stock price.
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By Ross Tieman in Toulouse  The drive by French media and telecoms conglomerate Vivendi and its British partner Vodafone to usurp the dominance of historic operator France Telecom in the French telecoms market is gathering pace.
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What's the cause of the fall in Comcast's share price during the past month?
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France Telecom  and Apple   are struggling to come to an agreement on the  distribution of the U.S. group's iPhone in France, Challenges  reported on Thursday on its website.
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European shares nosed up on Wednesday as  Ericsson gained on news it had won part of $4-billion Cingular  deal and with Glaxo buoyed after Pfizer affirmed its outlook.
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Talks on buying the portion of the Australia-based subsidiary that it did not already own fell apart over price, says France-based AXA SA.
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France Telecom makes 'substantial and significant' investment
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New shares in the restructured operator of the Channel tunnel rail link between Britain and France, Groupe Eurotunnel, fell by more than 35 percent on Monday, their first day of trading.
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European equities fell as technology shares lost ground after Cisco Systems (NASDAQ:CSCO) in the US warned of weak demand.