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  • PARIS/ FRANKFURT, Feb 25- U.S. and British spies are likely to have hacked into SIM card maker Gemalto in an attempt to steal codes that protect the privacy of billions of mobile phone users, the company said, as it sought to downplay the impact and ruled out legal action. "The facts are hard to prove from a legal perspective and... the history of going after a state shows it...

  • PARIS/ FRANKFURT, Feb 25- U.S. and British spies probably hacked into the world's biggest maker of phone SIM cards in an attempt to steal codes that protect the privacy of billions of mobile phone users, the company said on Wednesday. The Franco-Dutch firm, Gemalto, was responding to a report on an investigative news website that said the hack allowed the Britain's...

  • ZTE's efforts to collect patent royalties- months ahead of Qualcomm Inc's China antitrust settlement this week, according to people with knowledge of the matter- shows how that deal has already changed the way China's booming smartphone industry does business. As anticipated by ZTE, a key term in the settlement dissolved Qualcomm's cross-licensing...

  • MUMBAI, Feb 10- Facebook has tied up with India's Reliance Communications to provide basic internet services on mobile phones for free, making India the first country in Asia to get Facebook's Internet.org service. The service is run by Internet.org, the non-profit organisation whose backers also include Ericsson, Nokia, Samsung, Qualcomm and Opera Software,...

  • LONDON, Feb 6- The plunge in many countries' bond yields below zero has turned the investment world on its head, not least for those trading trillions of dollars' worth of these assets only to find themselves paying governments for the privilege of lending to them. Last week, some $3.6 trillion of government bonds traded with a negative yield, according to...

  • PARIS, Feb 6- Telecom equipment maker Alcatel-Lucent pledged to lift profitability again this year through cost cuts after six straight quarters of gross margin improvements and also plans to list its undersea cables business in the second half. Chief Executive Michel Combes expressed confidence on Friday that the company would deliver on the central...

  • PARIS, Feb 2- In the final year of his turnaround plan, Alcatel-Lucent's boss is pushing the telecom network gear maker to diversify its customer base by selling Internet equipment to large technology companies and multinational corporations. Since it was formed in a merger 2006, Alcatel-Lucent has never been free cash flow positive and has only posted a...

  • Feb 2- Casual clothing retailer Lands' End Inc said Chief Executive Edgar Huber would step down in two weeks and be succeeded by Federica Marchionni, the U.S. head of luxury goods retailer Dolce& Gabbana. Huber, who will leave on Feb. 17, has held the top job since August 2011 and led Lands' End spin off from struggling retailer Sears Holdings Corp last year.

  • HELSINKI/ FRANKFURT, Jan 29- Nokia on Thursday reported strong profits at its core Networks business on the back of surging North American sales, but the shares fell back over an uncertain outlook, higher costs in its Technologies division and a disappointing dividend. The Finnish company, which sold its former flagship phones business to Microsoft last year,...

  • HELSINKI/ FRANKFURT, Jan 29- Nokia reported higher than expected profits at its core Networks business on Thursday, on the back of strong sales in North America, but group profits took a knock from higher costs at its Technologies unit which handles its patents and develops new products. The Finnish company, which sold its former flagship phones business to...

  • *Networks business grew 8 pct in q4 driven by North America. HELSINKI, Jan 29- Finland's Nokia on Thursday reported stronger-than-expected quarterly profits for its core network equipment business on the back of network roll-outs for faster 4 G mobile services in North America. Nokia, which ranks third in the global network gear market after Ericsson and...

  • *Ericsson and Philips fall after weak updates. LONDON, Jan 27- Renewed concern over Greece and weak results at companies such as Siemens and Philips halted a winning run on European stock markets on Tuesday. The euro zone's blue-chip Euro STOXX 50 index also declined 1.4 percent after a similar eight-day winning streak.

  • *Ericsson and Philips fall after weak updates. LONDON, Jan 27- Renewed concern over Greece and weak figures from leading companies such as Siemens and Philips halted a winning run on European stock markets on Tuesday. The benchmark Athens ATG equity index fell 3.6 percent and Greece's borrowing costs rose.

  • *Siemens, Ericsson, Philips lead falls after weak updates. LONDON, Jan 27- European shares were little changed on Tuesday as disappointing updates by companies like Siemens and Ericsson raised concern about the coming earnings season and weakened demand for stocks after an eight-day rally. Telecoms network supplier Ericsson was down 3.3 percent after it...

  • European rally hits pause on mixed trading updates Tuesday, 27 Jan 2015 | 3:10 AM ET

    LONDON, Jan 27- European shares opened steady on Tuesday as mixed corporate updates from firms including Siemens and Ericsson tempered investor appetite for stocks after an eight-day rally. Shares in Siemens fell 1.9 percent after it said profit from its industrial units fell 4 percent last quarter, driven by a drop at its power and gas unit, where it is...

  • Big tech predictions by 2020  Friday, 23 Jan 2015 | 4:40 AM ET

    Hans Vestberg, CEO of Ericsson says the next five years will see the "revolution of technology" with 85 percent of world population with 3G or 4G coverage and 90 percent of people above the age of six having a mobile phone.

  • Jan 21- Programmable chip maker Xilinx Inc forecast weaker-than-expected current-quarter revenue and reported third-quarter revenue that missed the average analyst estimate, hurt by weak sales to broadcast and communications customers. Xilinx, which dominates the programmable chip market along with Altera Corp, said it expected current-quarter...

  • Elder statesman of Sweden's Wallenberg dynasty dies Monday, 19 Jan 2015 | 7:57 AM ET

    STOCKHOLM, Jan 19- Peter Wallenberg, the elder statesman of Sweden's business dynasty, died on Monday, the family investment foundation said. Peter Wallenberg, who was 88, had been chairman of the family's listed investment vehicle Investor from 1982 to 1997. More recently he had stepped back from day-to-day business activities. Peter Wallenberg has passed...

  • MEXICO CITY, Jan 16- China's third-largest carrier China Telecom is preparing a possible bid for a contract to build and run a new mobile broadband network in Mexico and is seeking local partners to join it in a consortium, three people with knowledge of the matter said. It has already secured up to several billion dollars of financing from Chinese...

  • *India lawsuit has no effect on operations- Barra. BEIJING, Jan 16- China's Xiaomi Inc plans to invest in Indian tech start-ups and overseas media content, as the world's No.3 smartphone maker looks to dominate homes with its own TVs and appliances. "One area that we are also looking to make some investments in is start-ups in India.