Gemalto Replaces Alcatel on the CAC 40, Yahoo! Negotiates in Mexico: Tech Biz Wrap
Alcatel-Lucent (NYSE:ALU) will be replaced in France’s leading stock index, the CAC 40, by smart-card maker Gemalto (GTOFF.PK). The latter’s market value has thus far nearly doubled in 2012, putting an end to Alcatel’s 25-year tenure. Ths change is effective December 24th, but the remainder of the benchmark will be unchanged, said NYSE Euronext (NYSE:NYX), subsequent to its quarterly review of the CAC 40’s members.
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Two Mexican firms who were awarded a $2.7 billion preliminary judgment against Yahoo! (NASDAQ:YHOO) in a dispute over a contract linked to an online Yellow Pages listings service reported Wednesday they might settle for less money, averting a lengthy legal struggle. The lawsuit had been brought in November 2011 by Worldwide Directories and Ideas Interactivas against Yahoo and Yahoo de Mexico.
Clearwire Corporation (NASDAQ:CLWR) announced in a Wednesday release a wholesale arrangement that will permit Kajeet to offer mobile broadband service directly marketed to users of Clearwire’s 4G network. The former is a top supplier of 4 gigabyte mobile broadband services in the United States, while Kajeet is the sole pay-as-you-go cell phone service that puts children first.
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