Bouygues Falls Most Since 2008 as Phone Profit Cut: Paris Mover
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Bouygues SA, the French building, television and telecommunications company, fell the most in almost four years as the company cut its 2012 profit forecast for its phone division because of rising competition.
Bouygues slumped as much as 8.9 percent, the biggest intraday decline since Dec. 3, 2008. The stock was down 8.1 percent at 20.14 euros as of 1:17 p.m. in Paris.