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Telenor ASA reports Q2 operating profit of NOK5.5bn [Nordic Business Report](23 Jul 2008 00:01:00 EDT)Norwegian telecomms group Telenor ASA reported on Wednesday an operating profit of NOK5.5bn on revenues of NOK27.2bn for the second quarter 2008. Both operating profit and sales for the three-month period increased, respectively, from NOK5.4bn and NOK26.3bn, as compared to the corresponding period in 2007. Earnings per share amounted to NOK2.11, down from NOK2.30 a year ago.
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LESSER GIANT [Philadelphia Inquirer (PA)](20 Jul 2008 04:00:00 EDT)Jul. 20--Poor, shrunken General Motors. The American auto icon has fallen so far on Wall Street that several Philadelphia-area companies, in comparison, are looking like world-class corporate titans. One is hip Philadelphia retailer Urban Outfitters Inc., whose recent value on the stock market -- over $5 billion -- nearly matched that of GM in recent weeks.
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Telenor Pakistan appoints new CEO [Nordic Business Report](15 Jul 2008 00:01:00 EDT)Norwegian telecomms group Telenor ASA said on Tuesday that its subsidiary Telenor Pakistan has appointed Jon Eddy Abdullah as the company's new CEO. He will succeed Tore Johnsen from 15 August 2008, the company said. Abdullah has more than 15 years of experience from the telecomms industry.
