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Nokia looks to firm place in networks league - report
25 Mar 2006 source: today.reuters.co.uk

STOCKHOLM (Reuters) - Nokia (NOKIV.HE: Quote, Profile, Research) aims to be the clear number two in the construction of mobile telecommunication networks behind Ericsson (ERICB.ST: Quote, Profile, Research) , a senior executive was quoted as saying on Saturday. The vice-president of radio marketing and sales for Nokia Networks, Robin Lindahl, was also quoted as saying by Swedish daily Dagens Nyh ...


Alcatel set to buy Lucent
25 Mar 2006 source: today.reuters.co.uk

By William Emmanuel and Lucas van Grinsven PARIS/AMSTERDAM (Reuters) - France's Alcatel is in talks to buy smaller U.S. rival Lucent (LU.N: Quote, Profile, Research) and create the world's biggest network equipment maker, the latest in a wave of consolidation in the telecoms industry. The new group would be incorporated and headquartered in France, two sources close to the matter said on Friday, adding that an agreement could be announced as soon as next week. A merged company would have com ...


Aviva drops Pru bid plan
25 Mar 2006 source: today.reuters.co.uk

By Simon Challis LONDON (Reuters) - Aviva (AV.L: Quote, Profile, Research) dropped its planned 17 billion pound all-share bid for Prudential (PRU.L: Quote, Profile, Research) on Friday and said prospects of a deal in the future were "very low". Aviva said it was abandoning what would have been the insurance sector's biggest ever deal because it had failed to win over Prudential's board and because it was not in its own shareholders' interests to improve its proposal. Prudential shares fell  ...


Rates prospects give stocks impetus
24 Mar 2006 source: ft.com

The prospect of US interest rates peaking sooner than expected provided stocks on Wall Street with a boost on Friday. // A government report showing that sales of new homes in February recorded their biggest drop in nine years helped equities rally as investors reasoned that the Federal Reserve might take a less hawkish view on interest rates. The news came at the end of a mixed week on Wall St ...


MARKET SNAPSHOT: U.S. Stocks End Higher; Market Largely Flat On The Week ...
24 Mar 2006 source: morningstar.com

U.S. stocks ended higher Friday, capping a mostly flat week for the market, as investors preferred to tread cautiously ahead of an upcoming Federal Reserve meeting on interest rates. The Dow Jones Industrial Average (DJI) rose 9.68 points to 11,279.97. On the week, the benchmark index was flat. The Nasdaq Composite Index (RIXF) was up 12.67 points at 2,312.82. The tech- rich index put in a s ...


4TH UPDATE: Lucent Stock Surges Amid Alcatel Merger Talks
24 Mar 2006 source: morningstar.com

LONDON (Dow Jones) -- Shares of Lucent Technologies Inc. surged Friday in the United States after the company said it's in talks with France's Alcatel SA on a possible $33 billion merger that could create one of the world's top makers of communications equipment. The companies, which broke off similar talks in 2001, disclosed overnight they're "engaged in discussions about a potential merger of ...


MARKET SNAPSHOT: U.S. Stocks Up In Late Trading, Mostly Flat On The Week ...
24 Mar 2006 source: morningstar.com

U.S. stocks were higher but off their best levels in the final hour of trading Friday, wrapping up a largely flat week for the market amid some caution ahead of the upcoming Federal Reserve meeting on interest rates. The Dow Jones Industrial Average (DJI) was last up 3 points at 11,272. The benchmark index is poised for a small loss on the week. The Nasdaq Composite Index (RIXF) was up 8 poi ...


Aviva abandons £7bn bid for Prudential
24 Mar 2006 source: ft.com

By Andrea Felsted and Kate Burgess in LondonPublished: March 24 2006 15:34 | Last updated: March 24 2006 19:52Britain's largest insurer, Aviva, on Friday abandoned its £17bn ($29.6bn) takeover approach to Prudential, the second biggest, making itself a potential target in the process. Analysts and investors said the bungled approach left Aviva vulnerable. Axa, the French insurer, and American In ...


MARKET SNAPSHOT: U.S. Stocks Turn Mixed As Morning Rally Loses Steam ...
24 Mar 2006 source: morningstar.com

U.S. stocks turned mixed in afternoon trade Friday, as an early rally sparked by weaker-than-expected housing data lost steam heading into the weekend. The technology sector managed to hold onto some of its morning strength as Google rallied on news it will join the S&P 500 index next week, and Lucent Technologies shot up on merger talks with Alcatel. The Dow Jones Industrial Average (DJ ...


3RD UPDATE: Lucent, Alcatel Discussing $33 Billion Merger
24 Mar 2006 source: morningstar.com

LONDON (Dow Jones) -- Lucent Technologies Inc. and Alcatel SA are in advanced discussions about a $33 billion merger that could signal the start of a new wave of consolidation in the telecommunications-equipment industry. The companies, which broke off previous tie-up talks in 2001, said Thursday night they're discussing a "merger of equals" that would be priced at market -- meaning no stock-pr ...


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