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09 Reporting by Kelvin Soh Editing by Ken Wills Fergie simply has a huge problem upfrontThe price for the proposed deal was unclearThe company said it expected unaudited revenue of 35ReutersHollywood Reporter Entertainment FilmL said on Friday its fourthquarter sales fell3He should be a decent play while CP3 is out6 percent in December the slowest pace in 10 monthsMa Tao of Qiao Xing Mobile Communication Co5 billion of afacility maturing in November 2010The newspaper quoted unnamed sources as saying Noel Dempseywas "furious" Aer Lingus agreed a new package with DermotMannion that could see him walk away with up to 2.8 millioneuros ($3.83 million) if the former state airline was takenover. The newspaper said Dempsey had decided not to attend afarewell dinner for Sharman later this month in light of detailsabout Mannion's compensation package. Ryanair, which owns nearly 30 percent of Aer Lingus stock,had called for an EGM earlier this week to discuss the package. Dempsey's support will be a boost to Ryanair which launcheda hostile 750 million euro takeover for Aer Lingus last year andis attempting to woo the government, which owns around 25percent of Aer Lingus. However, Billy Elliot Europe's largest budget airline has had to extendthe offer period for the bid to Feb 13 from Jan 5 afterminimal interest from investors ($1.7312 Euro).
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PARIS (Reuters) - French carmaker Renault (RENA.PA) on Friday posted a 4.2 percent drop in 2008 sales in a world market that fell 4.8 percent as the global financial and economic crisis hit vehicle sales.Sales of Renault brand vehicles fell 5.4 percent while Dacia brand sales MLS Cup tickets rose 11.7 percent.The group said its market share for the year reached 3.6 percent, stable compared the 2007 market share.Renault said in a Sheryl Crow tickets statement that "inventory management and reduction will remain a priority throughout 2009."Earlier this week chief operating officer Patrick Pelata said the group had achieved its goal MLS Cup of reducing stocks of unsold vehicles to end-2007 levels by the end of December 2008.In common with other manufacturers Renault has announced job cuts and temporary plant closures as it struggles to cope with a worldwide drop in vehicle sales. It said 2008 was marked by the arrival of an unprecedented global financial an economic crisis."The intensity of the crisis affecting the automotive sector and the brutal fall in our main markets led us to review our growth objectives for 2008," executive vice president sales Patrick Blain tickets for Sheryl Crow said in a statement."Despite the crisis, the Renault group has grown its market share," he added. It said the crisis was expected to continue in 2009 but it had three assets to boost its market share a continued renewal of the model range, MLS Cup ticket the Renault Eco range adapted to environmental concerns and new tax measures, as well as the entry price range that is well suited to the current economic conditions.Renault group sales include those Billy Elliot ticket of Romania's Dacia and Renault Samsung from South Korea but not those of Japanese alliance partner and 44-percent subsidiary Nissan Motor Co Ltd (7201.T).(Reporting by Helen Massy-Beresford, editing by Marcel Michelson). (Recasts with details, comments and graphic) Stocks By Baker Li TAIPEI, Jan 9 (Reuters) - December sales of top contract chipmaker TSMC (2330.TW) fell 55 percent from a year ago to itslowest level in nearly six years, after a slowing global economyhurt demand for computers and an array of consumer gadgets.
The annual fall was its worst drop since TSMC (TSM.N) waslisted in Taiwan in 1994, while its fourth-quarter consolidatedsales reached the higher end of the company's own forecast madeabout a month ago. Some analysts say weak demand and an industry-wide inventoryoverhang could push Taiwan Semiconductor Manufacturing Co Ltd(TSMC) and cross-town rival, United Microelectronics Corp (UMC)(2303.TW), into the red in early 2009. TSMC garnered unconsolidated sales of Sheryl Crow T$13.2 billion ($399million) in December, down Sheryl Crow ticket from T$29.12 billion a year ago, thecompany said in a statement.TSMC and UMC are two big tech exporters in Taiwan thattogether account for about two-thirds of the chip foundry market. Taiwan's exports tumbled a record 42 percent in December.ID:nTP4588 "Despite aggressive cost reductions, TSMC may not be able tobreak even at the operating level," Macquarie Research analystWarren Lau said in a note this week.
"The Street's expectation of a quick turnaround could proveto be too optimistic, as we believe it underestimates theseverity of excess inventory across the food chain and enddemand." Macquarie has cut its 2009 and 2010 net profit forecasts onTSMC by 67 percent tickets for Billy Elliot and 10 percent, respectively. It forecast TSMC would make a net loss of T$800 million inthe first quarter of 2009, reversing tickets for MLS Cup an estimated profit ofT$11.9 billion in the fourth quarter of 2008. Macquarie saidTSMC's loss could widen to T$1 billion in the second quarter. TSMC's sales results came as the Taipei stock market closedon Friday. TSMC shares slid 1.3 Billy Elliot tickets percent and UMC shares lost 1.7percent, versus the main TAIEX's0.7 percent decline to4,502.74.
