Wednesday 16 May 2012
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16/05/12

Loeb's Third Point registers Apple, Google, Cisco stakes

Hedge fund recently won a battle for greater influence at Yahoo.

16/05/12

Tencent Q1 net profit up 2.8%

Chinese Internet company reports higher revenue from online advertising, gaming.

16/05/12

Facebook boosts size of IPO to 421.2m shares

Move follows price increase; additional shares coming from major stockholders.

16/05/12

Exchanges lay plans for Facebook's market debut

U.S. stock exchanges test systems ahead of social network's Friday IPO.

16/05/12

T-Mobile USA cutting more jobs, plans further operational shuffling

US mobile operator says reducing cost structure and streamlining operations will enable it to invest in areas where it sees strongest returns.

16/05/12

Judge says LightSquared can use bank accounts, pay employees

U.S. company says it needs time to solve issues created by FCC's rejection of its mobile network plan.

16/05/12

Morgan Stanley lowers stake in KPN To 4.93%

Firm acquired its stake in Dutch incumbent just days before America Movil tabled offer to increase its holding.

16/05/12

Telecom Italia approves 2011 dividend payment of €0.043 per share

Italian incumbent cuts dividend payment by 25%.

16/05/12

Sina swings to Q1 loss on higher expenses, revenue up

Chinese Internet firm posts net loss of $13.7 million as regulatory burden bites.

15/05/12

Zain Jordan to invest $120m in infrastructure, technologies

CEO says telco's 2012 investment will be slightly down on 2011.

15/05/12

Sprint executives defend $15.5 billion iPhone deal

Dan Hesse says U.S. mobile operator is 'very glad' it brokered deal with Apple.

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