For the price of USD4.85 billion, AT&T sells off and leases telecommunications assets to Crown Castle Int'l.
Deals
EDF partners with Areva, Chinese firms to build nuclear plant in UK
French utility company Electricite de France (EDF) would be joining forces with Areva and two Chinese nuclear firms to build a nuclear power plant in the UK.
China to sell municipal bonds in efforts to wipe out local government debt
Chinese government think-tank Development Research Center had proposed a lift of the ban to sell bonds in order to reduce its local governments' USD4 trillion debt.
Office Depot-Office Max merger to get FTC approval
There would be no obstacle to the USD976 million all-stick consolidation of Office Depot and Office Max Inc as according to unnamed sources in a Wall Street Journal report, the Federal Trade Commission would be approving the merger.
Nokia's cash deal paves way for Alcatel-Lucent buyout- report
A Bloomberg report revealed that Microsoft's acquisition of Nokia Oyj's handset business allowed the latter to purchase the wireless network equipment business of Alcatel-Lucent.
Latest News
Coal India's CEO S. Narsing Rao would try to convince brokerage firms to invest in the state run mining firm from India.
With more data being created every second, the Cray supercomputer becomes more relevant for the industry.
The high rate of non-use in Twitter is what may challenge investors in their decision come IPO time.
Samsung is first in the smart watch race but Apple may win it all. Samsung had beaten Apple in the smart watch race. The main issue now is that the Galaxy Gear have been tepid at best.
Chipotle Mexican Restaurant had attributed its growth in the S&P500 to internal improvements undertaken.
Northern Beef Packers, which had filed Chapter 11 bankruptcy, sets USD12.75 million minimum bid for its assets.
Two agribusiness firms scramble to purchase shares in Florida citrus grower Alico. The heirs of Ben Hill Griffin Jr have sold off their shares in the market leading Florida based citrus company.
According to German software giant SAP, its Business by Design module for small and medium businesses would not be further developed but current users can still utilize its online services.
A bid from a private equity firm for its cash solutions business is being mulled by G4S. Charterhouse Capital Partners LLP is contemplating the bid amounting to GBP1 million or USD1.
