Qatar-based cable news channel Al Jazeera has reportedly taken over U.S.-based news and opinion channel Current TV for estimated at $500 million.
Archives
Bank of America Reaches $11.6 Billion Settlement with Fannie Mae
Bank of America Corp on Monday entered an $11.6 billion settlement to end Fannie Mae's claims that the bank improperly sold it mortgages that later soured, and to resolve problems with foreclosures, the companies said.
BMW to Pare Back Car Discounts in Germany
BMW will cut back on sales discounts in Germany and focus on maintaining profit margins rather than market share, Chief Executive Norbert Reithofer told German weekly WirtschaftsWoche.
Fance Won't Buy Troubled Petroplus Refinery
France will not take over insolvent Swiss refiner Petroplus' oil refinery in Normandy, but could help the plant financially once a suitable buyer is found, President Francois Hollande said on Saturday.
Hutchison 3G Austria Completes Takeover of Orange Austria
The Hutchinson 3G Austrai-Orange Austria deal, valued at $1.7 billion (1.3-billion-euro), received European and Austrian regulatory approval, giving H3G the opportunity to push ahead with its plan to build a nationwide LTE network in the country.
Latest News
U.S. regulators closed a long-running investigation into allegations that Google tweaks search results to hurt rival companies without finding any wrongdoing, a decision that disappointed rivals and critics of the Web search giant.
Private-sector employers shrugged off a looming budget crisis and stepped up hiring in December, offering further evidence of underlying strength in the economy as 2012 ended.
Sustained economic crisis in Europe has pushed ArcelorMittal into deeper debt, prompting the steel major to hive off 15 percent of its stake in ArcelorMittal Mines Canada.
Car rental company Avis Budget Group Inc will buy Zipcar Inc for about $500 million, surpassing larger rivals Hertz Global Holdings Inc and Enterprise Holdings Inc to become the No.1 player in the fast-growing U.S. car-sharing market.
A U.S. judge on Wednesday rejected part of Apple Inc's lawsuit against Amazon.com Inc's use of the term App Store, ruling Apple cannot bring a false advertising claim against the online retailer.
A consortium of private equity (PE) firms comprising the Carlyle Group, Stone Point Capital, Pictet & Cie and Edmond de Rothschild Group have struck a deal to buy financial advisory and investment banking firm Duff & Phelps Corp for about $665.5 million.
Media giant Tribune Co, owner of the Los Angeles Times and the Chicago Tribune, emerged from bankruptcy on Monday, ending four years of Chapter 11 reorganization.
Private Equity firm American Securities LLC has managed to sell Pittsburgh-based NEP Broadcasting LLC to another Private Equity firm Crestview Partners for reportedly $800 million to avert a potentially larger tax bill for such a deal in the New Year.
Toshiba Corp is in talks with six different groups for the sale of up to 36 percent of its stake in the nuclear unit.
