International Business News - VIP http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Among the earnings stories for Thursday, Aug. 28, from AP Financial News: DUBAI, United Arab Emirates (AP)--Port operator DP World on Thursday reported an 80 percent jump in first-half profit, and said it remains committed to international growth despite signs of a short-term slowdown in the shipping industry. http://www.ibtimes.com/articles/20080828/earnings-roundup-dp-world-vimpel-communications.htm Thu, 28 Aug 2008 14:41:30 EDT Russian telecommunications provider Vimpel Communications on Thursday reported its earnings and revenue grew in the second quarter. For the quarter ended June 30, the company earned $470.2 million, or 46 cents per U.S.-traded share, compared with $359.3 million, or 35 cents per share, in the year-ago quarter. http://www.ibtimes.com/articles/20080828/vimpel-communications-2nd-quarter-profit-rises.htm Thu, 28 Aug 2008 12:11:48 EDT In an Aug. 13 story about lawmakers who may have received preferential treatment from mortgage lender Countrywide Financial Corp., The Associated Press reported erroneously about the relationship between Sen. Christopher Dodd, D-Conn., and Countrywide's former CEO, Angelo Mozilo. Dodd has said they are not personal friends. http://www.ibtimes.com/articles/20080814/correction-countrywide-vip-loan-story.htm Thu, 14 Aug 2008 16:50:13 EDT Two Republicans are calling for an investigation into whether House lawmakers or staffers received preferential treatment from mortgage lender Countrywide Financial Corp. http://www.ibtimes.com/articles/20080813/2-house-republicans-seek-countrywide-probe.htm Wed, 13 Aug 2008 17:57:45 EDT Russian telecommunications provider Vimpel-Communications said Tuesday it will invest $267 million to establish a mobile telecommunications joint venture in Vietnam called GTEL-Mobile. http://www.ibtimes.com/articles/20080708/vimpelcom-to-form-joint-venture-in-vietnam.htm Tue, 08 Jul 2008 08:02:38 EDT Senate Banking Committee Chairman Christopher J. Dodd acknowledged Tuesday that he knew in 2003 that Countrywide Financial Corp. placed him in a "VIP section" when the firm reportedly gave him preferential rates on two mortgages. http://www.ibtimes.com/articles/20080617/countrywide-revelations-muddle-housing-rescue.htm Tue, 17 Jun 2008 18:33:13 EDT Senate Banking Committee Chairman Christopher J. Dodd, a leader of Congress' efforts to help homeowners ensnared in the subprime mortgage meltdown, reportedly got special treatment on his own mortgages from the CEO of Countrywide Financial Corp., a company whose practices he has called "abusive." http://www.ibtimes.com/articles/20080613/sens-dodd-conrad-tied-to-special-mortgage-deals.htm Fri, 13 Jun 2008 18:27:40 EDT Russian telecommunications provider Vimpel-Communications said Wednesday it named Alexey Reznikovich as chairman. Reznikovich has served as a company director since May 2002, and was chairman of Golden Telecom from May 2007 to February 2008. Since June 2005, Reznikovich also has served as chief executive of Altimo, which was created to manage the telecom investments of Alfa Group. http://www.ibtimes.com/articles/20080611/vimpelcom-names-reznikovich-as-chairman.htm Wed, 11 Jun 2008 09:07:09 EDT Russian mobile phone operator OAO Vimpel Communications said Tuesday it agreed to buy the remaining 49 percent of telecommunications company Corbina Telecom from Inure Enterprises Ltd. for about $404 million. http://www.ibtimes.com/articles/20080603/vimpelcom-to-buy-rest-of-corbina-for-404-million.htm Tue, 03 Jun 2008 12:30:39 EDT U.S.-traded shares of European companies headed higher Thursday, with the top gainers including wireless companies Telecom Italia SpA and Vodafone Group PLC. http://www.ibtimes.com/articles/20080522/adrs-in-focus-europe.htm Thu, 22 May 2008 15:49:19 EDT An index of Russian ADRs spiked in Monday afternoon trading after Mechel Steel Group OAO changed the way it calculates its share ratio. Moscow-based Mechel said Monday it changed its ADR-to-share ratio to one-to-one from one-to-three. ADR stands for American Depositary Receipt, which is a security designed to allow U.S. investors to trade shares of companies based overseas. http://www.ibtimes.com/articles/20080519/adrs-in-focus-russian-index-rallies.htm Mon, 19 May 2008 14:27:44 EDT European shares traded on U.S. exchanges rose with the market Tuesday, as stocks of companies based around the continent moved higher. The Bank of New York Europe ADR index, which tracks more than 100 securities based overseas, rose 3.52 points, or 2.1 percent, to 167.16. ADRs, or American Depositary Receipts, are securities that allow U.S. investors to trade shares of companies based overseas. http://www.ibtimes.com/articles/20080212/adrs-in-focus-european-roundup.htm Tue, 12 Feb 2008 16:40:53 EST An Israeli startup has convinced wireless carriers in three countries to try a new concept: a tiny cell phone that pops into interchangeable "jackets" to become a bigger, smarter phone _ or into other gadgets to connect them to the Internet. http://www.ibtimes.com/articles/20080207/modu-to-launch-tiny-phone-module.htm Thu, 07 Feb 2008 00:41:12 EST U.S. shares of European telecommunications stocks fell with the broader market Friday, with Nokia Corp. shares losing ground in spite of an upgrade from an RBC Capital Markets analyst. http://www.ibtimes.com/articles/20080111/adrs-in-focus-european-telecom-slides.htm Fri, 11 Jan 2008 15:39:27 EST Wireless company Vimpel-Communications said Thursday it extended Chief Executive Alexander Izosimov's contract until Jan. 1, 2010. The Russian-based company, which agreed on Friday to acquire Internet services provider Golden Telecom for $4.3 billion, said Izosimov accepted the extension. http://www.ibtimes.com/articles/20071227/vimpel-communications-extends-ceo-pact.htm Thu, 27 Dec 2007 07:54:07 EST An index of foreign stocks traded on U.S. exchanges took flight in a holiday-shortened trading session Monday, helped up in part by an upgrade of beer distributor Quinsa SA, as well as strong showings by solar and telecom sectors. http://www.ibtimes.com/articles/20071224/adrs-in-focus-quinsa-shares-jump.htm Mon, 24 Dec 2007 13:33:41 EST Russian telecommunications stocks rose Friday after wireless provider Vimpel-Communications agreed to buy Internet services company Golden Telecom Inc. http://www.ibtimes.com/articles/20071221/adrs-in-focus-russian-telecoms.htm Fri, 21 Dec 2007 15:48:18 EST Russian wireless company Vimpel-Communications agreed to acquire Internet services provider Golden Telecom for $4.3 billion, the companies said Friday. http://www.ibtimes.com/articles/20071221/vimpelcom-agrees-to-buy-golden-telecom.htm Fri, 21 Dec 2007 08:31:42 EST