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The Halifax-based group said that half year figures would be significantly below market expectations following a considerable reduction in project work over the past few months.The reduction follows major restructuring at two of the group's biggest customers. Whilst the restructuring was going on, project work dried up as the two companies were too busy sorting out their own issues."There is nothi ...

By Eric Auchard SAN FRANCISCO (Reuters) - Yahoo Inc. (YHOO.O: Quote, Profile, Research) said on Friday its board of directors has shrunk Chairman and CEO Terry Semel's annual salary to $1, while boosting his overall future compensation through stock options and grants. In a filing with the U.S. Securities and Exchange Commission on Friday, Yahoo said its board had approved two days before a long-term executive retention plan where Semel will receive $1 for each of the next three years through ...

By Brian Garrity NEW YORK (Billboard) - As the recording industry tries to block file trading of songs across peer-to-peer networks, blogs and other viral distribution channels, the major labels suddenly have a whole new piracy concern: music videos. The rise of user-generated content sites like YouTube, MySpace, Google Video and iFilm has sparked a revolution in the viral sharing of music video ...

NEW YORK (WSJ.com) -- Major stock markets in the Americas advanced as investors took advantage of recent losses to buy cheaper shares. In Mexico, the market's IPC index of leading issues rose 1.5% to 19,421.73. Class L shares of wireless phone company America Movil (AMX) rose 2.3% to 19.39 pesos, and those of fixed-line phone company Telmex (TMX) gained 1.7% to 11.62 pesos. Class V shares of re ...

CHICAGO (Dow Jones) -- Ratings for newspaper publishers Gannett Co. and Tribune Co. were cut Friday to equal weight from overweight by Morgan Stanley analyst Lisa Monaco, who said she doesn't see anything in the near term that could lift the stocks' value. Monaco also lowered her advertising-revenue forecasts for the newspaper industry in reaction to what she called "greater than previously expec ...

By Eric Auchard SAN FRANCISCO (Reuters) - YouTube unveiled a major upgrade of its Web site on Friday that will transform how millions of YouTube fans find videos by encouraging them to subscribe to channels that focus on the latest work of favorite artists or topical themes. Almost every night, another star is thrust up on YouTube.com, the Silicon Valley start-up that began as a bare-bones video search site and is now, suddenly, at the forefront of this year's grassroots Internet ...

SAN FRANCISCO (Dow Jones) -- Micron Technology Inc. said Friday it's willing to sweeten its bid for Lexar Media Inc. in a move to appease large shareholders who have publicly knocked the deal. Micron said it's prepared to increase the exchange ratio for its acquisition of Lexar to 0.5925 Micron common shares for each Lexar share, up from the current consideration of 0.5625 shares. Based on T ...

By Michael Smith and Matt Falloon LONDON (Reuters) - Spain's Grupo Ferrovial (FER.MC: Quote, Profile, Research) launched a raid on BAA (BAA.L: Quote, Profile, Research) shares on Friday in an attempt to fend off a potential rival to its bid for the airports group, dealers and sources close to the matter said. However, the move to buy as much as 150 million shares to secure a blocking stake and keep rival bidder U.S. investment bank Goldman Sachs (GS.N: Quote, Profile, Research) away was exp ...

Wall Street lacked a clear direction this week as investors weighed continued high oil prices against the potentially soothing implications of weak economic data. // Telecommunications and energy services companies were in the news, with Ciena, Qwest and NRG Energy all posting strong gains. Alfred Goldman, chief market strategist at AG Edwards and Sons, described the market as sluggish. “I ca ...

Fri 2nd Jun 2006 In the month of May the FTSE 100 index experienced a fall in total return of 5.8 per cent, according to the latest StockWatch report from Halifax Financial Services. Halifax Financial Services reported that the total return of the FTSE 250 fell 6.3 per cent, while the FTSE all share declined 5.9 per cent, compared with an average rise of 1.1 per cent for the month of May ...