Business news for Mon, 24 Dec 2007 & with words executive+takes. 2 news.

CAP Gemini SA rose the most in almost five years in Paris trading after the Hindustan Times reported that India's Wipro Ltd may offer to buy Europe's largest computer-services company for as much as US$7 billion. Cap Gemini isn't in talks with Wipro about a takeover, the Paris-based company said after the market closed. The shares climbed 4.29 euros, or 11 percent, to 45 euros, the biggest advance since February 2003. Wipro gained the most since May 2004 on the Bombay Stock Exchange. Cap Gemini, led by Chief Executive Officer Paul Hermelin, in February bought Houston-based Kanbay International Inc for US$1.25 billion, doubling its Indian work force. Bangalore-based Wipro, India's third-largest software services exporter, may bid for Cap Gemini by the end of January, the Hindustan Times newspaper reported on Sunday, citing "investment banking sources." "There's arguably a super merger to do between a large Indian and a large European player," Jonathan

When Jeffrey L. Bewkes takes over as chief executive of Time Warner from Richard D. Parsons on Jan. 2, he will face a very different task from Henry R. Luce and Ted Turner, the pioneers built the modern Time Warner. He may be the person who tears it apart, The New York Times says. The question, [...]