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Postbank sale may fail over target price: report (Reuters)

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Auto sector woes could spur deals: Renault CEO (Reuters)

Nissan Motor Co and Renault SA's Chief Executive Carlos Ghosn listens to a question during a news conference in Yokohama, south of Tokyo June 25, 2008. (Yuriko Nakao/Reuters)Reuters - A current slump in the global automotive sector could give fresh impetus to plans for consolidation within the industry, the head of French carmaker Renault said on Saturday.
BCE buyers finalize funding (Reuters)

A sign is seen outside the offices of BCE Inc., Canada's largest telecoms group, in Montreal, May 21, 2008. (Shaun Best/Reuters)Reuters - Announcing what it said were "essential milestones" allowing the world's largest leveraged buyout to go ahead, BCE Inc said on Friday that its buyers had finalized funding and were sticking to their C$34.8-billion ($34.1 billion) purchase price.
Hyundai union calls for work stoppage next week (Reuters)

An employee talks on a phone at a Hyundai automobile shop in Seoul April 24, 2008. Unionized employees of Hyundai Motor Co will walk off the job for four hours next week to push for a pay increase, the auto maker's union said on Saturday. (Jo Yong-Hak/Reuters)Reuters - Unionized employees of Hyundai Motor Co (005380.KS) will walk off the job for four hours next week to push for a pay increase, the auto maker's union said on Saturday.
Alabama likely site of new VW plant: report (Reuters)
Reuters - Alabama will be the likely home of a new Volkswagen manufacturing plant, beating two other states, German industry newsletter Automobilwoche said on Saturday, citing senior company sources.
Smooth sailing for yacht builders despite economy (AP)

Workers continue preparations on a super yacht at Trinity Boats in New Orleans, Tuesday, April 29, 2008. These days at New Orleans-based Trinity Yachts, the largest domestic builder, the biggest problems are having enough workers and enough time to handle the 24 custom contracts the company has for the luxury vessels. 'Nobody is buying these yachts because they need them,' said William S. Smith III, Trinity's vice president. 'They're buying them because they want them.' (AP Photo/Dave Martin)AP - Fuel prices are soaring and credit markets tightening, but the super-rich are still lining up to pay tens of millions of dollars for mega yachts.
Music biz hopes device upgrades boost mobile sector - 12, May 2008

DENVER (Billboard) - Perhaps no single device has had more impact on mobile music than Apple's iPhone.



By Antony Bruno
DENVER (Billboard) - Perhaps no single device has had more impact on mobile music than Apple's iPhone.
While only 6.7 percent of overall mobile customers use their phone to listen to music, rising to 27.9 percent for smart-phone users, a full 74.1 percent of iPhone owners reported using the device as an MP3 player, according to M:Metrics.
The majority of this music, however, is transferred from the computer, rather than purchased through the phone and downloaded wirelessly. That may change this summer once Apple unveils what many expect will be a new version of the iconic device, featuring access to high-speed third-generation (3G) wireless networks.
The company has not made an official announcement, but signs point to an early June release. Apple has stopped restocking retailers with the current iPhone version, which analysts say is a sure sign that a new model is imminent. Apple's Worldwide Developers Conference is scheduled for June 9, and CEO Steve Jobs will deliver the keynote address.
Existing iPhone models connect to an older, slower wireless network but compensate with access to high-speed Wi-Fi Internet networks. Those using the iPhone to download music from iTunes, for instance, must use this Wi-Fi connection. While certainly faster than cellular networks, Wi-Fi does not offer nearly the same range of coverage.
Apple has sold more than 5 million iPhones worldwide, but many tech-savvy buyers, particularly in Europe, have been holding out for a 3G version. Upgrading the iPhone to 3G is considered crucial if Apple is to meet its stated goal of selling 10 million iPhones this year.
SMART PHONES GET SMARTER
Even if Apple manages to reach its goal, the iPhone would still represent only about 1 percent of all mobile phones available. For the music industry, as significant as the iPhone mobile music usage figures are, the greater significance is how they inspire other device manufacturers to reach for similar levels. The company with the most to lose from the iPhone's momentum is Research in Motion, maker of the popular BlackBerry. 





(c) 2008 Reuters
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