Technology, Media & Telecommunications
WRAPUP 1-AT&T cuts 12,000 jobs, Viacom also trims workforce
NEW YORK, Dec 4 (Reuters) - Top U.S. phone company AT&T Inc said it will eliminate 12,000 jobs, or about 4 percent of its workforce, in a fresh wave of cuts to cope with an economic downturn that has exacerbated a decline in traditional phone sales. Full Article
UPDATE 4-Nokia sees weaker markets in Q4, 2009
* Says recent impact more pronounced in emerging markets Full Article
UPDATE 3-Philips says won't meet targets, shares slip
* 1.1 bln euro impairment charges on LG Display, NXP stakes Full Article
Tel. Italia investors to meet on financing-sources
MILAN, Dec 4 (Reuters) - The board of Telecom Italia SpA's controlling shareholder Telco will meet on Friday to get its investors to commit to raising 300 million euros ($379 million) if the telecom company's stock falls sharply, financial sources said on Thursday. Full Article
Nokia Siemens sees CDMA market diving in 2009
HELSINKI, Dec 4 (Reuters) - Nokia Siemens Networks [NSN.UL] expects the cell phone network equipment market for CDMA technology to fall more than 20 percent in 2009, with the GSM market also falling more than the average for the total telecoms equipment market of 5 percent. Full Article
UPDATE 2-AMD sees fourth-quarter revenue shortfall
SAN FRANCISCO, Dec 4 (Reuters) - Chipmaker Advanced Micro Devices on Thursday warned fourth-quarter revenue would be much weaker than expected due to widespread weakness, and particularly among consumers. Full Article
UPDATE 2-Panasonic sweetens Sanyo bid, Goldman may counter
TOKYO, Dec 4 (Reuters) - Panasonic Corp has sweetened its offer for Sanyo Electric Co by 8 percent to about $8.6 billion, sources familiar with the matter said, but major shareholder Goldman Sachs rejected the offer and threatened to launch a counter bid. Full Article
Blockbuster offers 99-cent DVD rentals
(For other news from the Reuters Media Summit, click on http://www.reuters.com/summit/Media08?pid=500) Full Article
UPDATE 1-US court upholds ruling for Telenor, against Alfa
OSLO, Dec 4 (Reuters) - A U.S. federal court has ruled again in favour of Norwegian telecom group Telenor in a dispute against Russia's Alfa Group, rejecting an Alfa motion to delay fines imposed last month, the court's judgement showed. Full Article
UPDATE 1-Canon to cut almost 1,200 Japan contract jobs -NHK
TOKYO, Dec 4 (Reuters) - Canon Inc. is planning to lay off almost 1,200 contract workers at two manufacturing subsidiaries in Japan as it grapples with slow camera sales, public broadcaster NHK said on Thursday. Full Article
Hewlett-Packard looks to leasing to prime sales
TAIPEI, Dec 4 (Reuters) - Hewlett-Packard , the world's top personal computer seller, said on Thursday it is exploring new ways to help businesses afford PCs as many cut back on spending in the current economic downturn. Full Article
Commodities
| Commodity | Last | Pct Chg | Trade Date/Time |
|---|---|---|---|
| Oil | 42.37 | -7.25% | 4 Dec 19:44 GMT |
| Gold | 764.8 | -0.48% | 4 Dec 19:43 GMT |
