AT&T Inc.’s $86 billion takeover deal with BellSouth Corp. ran into troubled waters as the Republican commissioner, Robert McDowell, announced to refrain from voting citing the ground of ethical standards. Robert McDowell said that ethics considerations prohibit him from participating in the deal consequently leaves the deadlock over the matter intact. McDowell’s decision is consistent [...]
eBay Inc.’s expansion dream seems to be shattered as it contemplating to close it operations in China. And the San Jose based auction site is forging a deal with a Chinese company in the face of tough market where it was loosing its users constantly to its rivals. According to reports, eBay is teaming up [...]
In a path-breaking development in its global effort to restrict piracy of software, Microsoft has finally reached an agreement to settle a lawsuit with MPO Group, French Company. The company in question had allegedly involved in making and selling thousands of unauthorized version of Microsoft business software. While informing the press, Microsoft said that the [...]
In an effort to spearhead in the fast growing broadband and VoIP market, Ericsson has decided to acquire Reback, which has nearly 50 million broadband connections of major telephone carriers. San Jose-based Redback Networks manufactures advanced routers for the Triple play services such as voice, video and data and other mobility services. The Swedish telecom [...]
Vodafone Group is contemplating to consider a $13.5 billion offer for Hutchison Essar, India’s fourth largest mobile phone operator. However, they have not reached to any decision yet over the issue. According to reports, Vodafone executives are likely to make an offer to Canning Fok, managing director of Hutchison Whampoa and Ravi Ruia, vice chairman [...]
Raytheon Co. has recently announced that it will sell its aircraft business to the investment bank Goldman Sachs and Onex Partners, Canadian buy out firm for around $3.3 billion. Raytheon Company makes Hawker and Beechcraft business jets under its aircraft business. In recent times the defense contractor has not kept it a secret that it [...]
In an effort to spearhead in the fast growing broadband and VoIP market, Ericsson has decided to acquire Reback, which has nearly 50 million broadband connections of major telephone carriers. San Jose-based Redback Networks manufactures advanced routers for the Triple play services such as voice, video and data and other mobility services. The Swedish telecom [...]
Vodafone Group is contemplating to consider a $13.5 billion offer for Hutchison Essar, India’s fourth largest mobile phone operator. However, they have not reached to any decision yet over the issue. According to reports, Vodafone executives are likely to make an offer to Canning Fok, managing director of Hutchison Whampoa and Ravi Ruia, vice chairman [...]
Raytheon Co. has recently announced that it will sell its aircraft business to the investment bank Goldman Sachs and Onex Partners, Canadian buy out firm for around $3.3 billion. Raytheon Company makes Hawker and Beechcraft business jets under its aircraft business. In recent times the defense contractor has not kept it a secret that it [...]
Shares of Apple computer are continuously facing a downfall after Federal investigation into the company’s stock options brought the CEO of the company in limelight. The shares of the company fell 5 percent on Wednesday before gaining some speed and the trend continued on Thursday when the shares slid 2 percent before rebounding and finally [...]
