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NEWPORT BEACH, Calif. (AP) — A third day of huge waves, dangerous rip currents and potential flooding was expected Thursday in Southern California as the coast felt the ripple effects of Tropical Storm Marie churning off the Mexican coast.
By Leila Abboud PARIS (Reuters) - French media company Vivendi picked Telefonica for exclusive talks over the sale of its Brazilian broadband unit GVT, spurning a rival bid from Telecom Italia . Telefonica aims to fold GVT into Brazil's leading mobile phone network Vivo , using GVT's pay-TV and broadband services to chase higher-value customers and keep profits growing as mobile subscriber growth slows in the nation of almost 200 million. Vivendi's decision deals a blow to Telecom Italia. For Vivendi, the GVT sale caps a tumultuous two-year overhaul in which it sold three telecom businesses and its video games arm to pay down debt and focus more on media and content.