ViaSat to buy Wild Blue Comm for $565 mln -WSJ
ViaSat Inc, which provides satellite and other wireless networking systems, has agreed to buy Wild Blue Communications Inc for more than $565 million, the Wall Street Journal reported, citing people familiar with the matter.
Sanofi buys French biotech, seals U.S. cancer deal
Sanofi-Aventis has bought French biotechnology company Fovea, specialized in eye diseases, and expanded its cancer portfolio through an exclusive worldwide drug licensing deal with Merrimack Pharmaceuticals Inc.
After Myer, more buyout firms plot exits in Australia
More private equity firms in Australia are eyeing exit strategies by floating companies in the wake of U.S. buyout group TPG'slaunch this week of Myer's $2 billion initial public offering.
Oil retreats below $70
Oil fell below $70 on Thursday, pulling back from the more than 5 percent gain a day ago on worries that a rise in U.S. crude and distillate stocks signals weak demand when taken along with the latest economic data.
China marks 60 years with spectacle of power
China celebrated its ascendance with a show of goose-stepping troops, gaudy floats and nuclear-capable missiles in the nation's capital on Thursday, 60 years after Mao Zedong proclaimed its embrace of communism.
IMF raises U.S. GDP forecast, warns on debt
The U.S. economy is mending more quickly than anticipated, although high unemployment and growing commercial property defaults will put a drag on the recovery, the International Monetary Fund said on Thursday.
Many swine flu deaths linked with second infection
Many people who have died of H1N1 swine flu in the United States have also had bacterial infections, health officials reported on Wednesday.
Smoking in pregnancy risks psychotic children: study
Mothers who smoke during pregnancy put their children at greater risk of developing psychotic symptoms as teenagers, British scientists said on Thursday.
Nortel to sell GSM business
Nortel Networks Corp said on Wednesday it plans to sell its global GSM business, as the bankrupt telecom equipment maker continues to auction off its assets.
Asia shares struggle, dollar on defensive
Asian shares fell on Thursday after a surprise drop in manufacturing in the U.S. heartland cast doubts on the strength of a global recovery, while the dollar was on the back foot against higher-yielding currencies.
Citi closes sale of Nikko Cordial to SMFG
Citigroup completed the sale of its Japanese brokerage Nikko Cordial Securities to Sumitomo Mitsui Financial Group, one more step in the U.S. bank's plans to shed non-core assets.
Daily Wrap Up - Sept 30
BofA's Lewis Out; Saturn Goodbye; Economy Stabilizing
GM to close Saturn as sale to Penske collapses
General Motors Co will close Saturn and wind down its dealership network after a deal to sell the faltering brand to Penske Automotive Group collapsed, the automaker said on Wednesday.
Citi closes $8.7 billion sale of Nikko Cordial
Citigroup completed the sale of its Japanese brokerage Nikko Cordial Securities to Sumitomo Mitsui Financial Group , one more step in the U.S. bank's plans to recoup losses from the financial crisis.
South Korea, Japan lead in broadband quality study
South Korea surpassed Japan and Sweden to take the top spot in an annual ranking of broadband quality, helped by its government's efforts to boost it as an IT world leader, a study showed on Thursday.
BofA's six possible successors for CEO job
Bank of America Corp said on Wednesday six internal candidates are in the running to take over from Chief Executive Kenneth Lewis when he retires at the end of the year. All six are on the executive management team, four are long-time Bank of America staff and just one -- Tom Montag -- joined through the bank's acquisition of Merrill Lynch & Co.
JPMorgan plans to build investment business overseas-FT
JPMorgan Chase's investment bank is planning a push to win more business outside the United States by building on the group's financial ties with overseas companies, its head Jes Staley told the Financial Times.
GM, Chrysler under new pressure over US dealer cuts
Congressional leaders on Wednesday pressed General Motors Co GM.UL and Chrysler to resolve complaints about dealer franchise terminations the automakers pushed through during their brief bankruptcies.
Lawson Software Q1 profit beats Street, shares rise
Business software maker Lawson Software Inc posted a first-quarter profit that beat market expectations, helped by increased license fee revenue and expense cuts, and forecast second-quarter results in line with Wall Street view.
US government signs pact with Internet domain body
The U.S. government and the body in charge of assigning Internet addresses signed an agreement on Wednesday that allows for greater global participation in the Internet domain name process.
Hershey stymied in Cadbury bid efforts -- WSJ
Hershey Co remains stymied in its ability to assemble a takeover offer for Cadbury Plc, leaving Kraft Food Inc as the sole bidder for the British confectioner, The Wall Street Journal reported on Wednesday.
Judge rejects both bids for NHL's Coyotes
A federal judge has rejected bids by the National Hockey League and Canadian billionaire James Balsillie for the NHL's Phoenix Coyotes, leaving control of the bankrupt team in limbo.
CIT eyes debt exchange or prepack bankruptcy: sources
CIT Group Inc is planning to offer its unsecured debt holders two options: either exchange their debt voluntarily, or face a prepackaged bankruptcy, sources close to the situation said on Wednesday.
Daily Commentary - 1/10/2009
The Australian Dollar opens today at 0.8810 having surged higher during local trade on Wednesday after stronger than expected economic data.
Apple planning to redefine print with 'new device' - AKA the Tablet
Apple is in talks with several media companies rooted in print, negotiating content for a new device, according to Gizmodo.
Author Chinua Achebe puts pen to page after 20 years
Chinua Achebe, the grandfather of modern African literature, first began telling stories as a means to reaching the truth. Fiction, he knew, could sometimes strike deeper than real life.
Pulp Fiction screenwriter jailed for fatal crash
Oscar-winning Pulp Fiction screenwriter Roger Avary was sentenced to a year in jail on Wednesday after killing a newlywed Italian passenger in a drunken driving crash in California last year.
Wall Street sags on Chicago PMI, but Q3 ends strong
Stocks fell on Wednesday after a surprising contraction in an index of Midwest business activity, but buying of technology bellwethers like Cisco Systems Inc at the end of a strong quarter limited losses.
Britain asks Schwarzenegger to close prostitute web site
A British government minister asked California governor Arnold Schwarzenegger on Wednesday to shut down a U.S. website that allows men to rate prostitutes, including many working in London.
Wall Street slips on Chicago PMI, but Q3 ends strong
Stocks fell on Wednesday after a surprising contraction in an index of Midwest business activity, but buying of technology bellwethers like Cisco Systems Inc at the end of a strong quarter limited losses.