A consortium of Italian companies, led by Spain's Telefonica, succeeded in buying a majority control in Telecom Italia on Saturday. After months of speculations, Italy's Pirelli sold its interest in Telecom Italia, thus ensuring that the phone group...
Freesat service has got the thumbs up from BBC Trust and with it television viewers would get free to air channels through satellite dish. Being developed under a partnership between BBC and ITV UK viewers would get a very good option to BSkyB and...
State controlled Norwegian oil firm Statoil has disclosed that it has agreed to make an all-cash offer to acquire Calgary-based North American Oil Sands Corporation, or NAOSC, for around 2.2 billion Canadian dollars or $1.96 billion, representing...
General Electric Co., the world's second-largest company by market capitalization after ExxonMobil, should spin off its NBC and GE Money units and its real estate assets to unfasten value in the core company, Citigroup analyst Jeffrey Sprague said...
ABN Amro's management faced attacks on two fronts at the same time as a Royal Bank of Scotland-led consortium sought to mount up the pressure on the Dutch bank ABN Amro yesterday by formally notifying it of a possible hostile bid in a week's time....
Here is something for the poor too. A $1-a-month investment plan has been launched by Prudential for targeting more than six hundred million poor people in India who cannot purchase financial services products. This plan will be offered in partnership...
Edward Whitacre Jr., who built the company into the largest US provider of telephone services, announced unexpectedly on Friday that he will retire as chairman and chief executive in June. Randall Stephenson, the 47-year old chief operating officer...
Microsoft posted a 65 per cent increase in its quarterly profits easily beating Wall Street expectations. Buoyant sales of Windows Vista, the latest OS from the company, were the main reason behind company's good performance.
The software giant...
In the middle of growing concern and disenchantment among investors that private-equity firms are buying public companies on relatively cheap prices in order to sell them off later at a heavy profit, two of the biggest buyout players have skilled out...
GE now is looking to capture a share in the UK nuclear market. For this purpose it is looking to build a fleet of new nuclear power stations in UK and has written to the government stating that it would be competing for plants in the country. This has...
The company selling Barbie dolls now wants to be a part of the web world. Mattel has now unveiled a site called BarbieGirls.com where children can log on and use their creativity for creating virtual characters and even create customized clothes. The...
The Securities and Exchange Commission is contemplating recommending a civil enforcement action against a unit of Britain's Barclays PLC for debt trading that was done while employees served on bankruptcy creditors' committees. The information...
The recent decision by Wendy's International Inc.'s board to consider selling the company clearly indicates that investors are growing impatient with the company's turnaround plans. The Dublin based company has recently revealed that its board...
A US bankruptcy court on Wednesday gave Delta Air Lines Inc. the approval to exit bankruptcy at the end of this month. Delta Air Lines, the third- largest US carrier, won approval of its restructuring plan, clearing the way for it to pay creditors...
Proxy advisory firm Institutional Shareholder Services announced on Wednesday that it is supporting billionaire investor Carl Ichan's proposal to join Motorola Inc.'s board. While, rival advisory firm Glass Lewis, however, backed the present line...
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