Avaya Inc had explored a sale earlier this year instead of taking the company private, said a Reuters report.
Sectors
Telecom Italia sees Patuano as new CEO to replace Bernabe
In a company announcement, Telecom Italia SpA Chief Operating Officer Marco Patuano was appointed as interim chief executive due to former Chief Executive Officer Franco Bernabe quitting his post yesterday.
China eases foreign bank regulations in newly-opened Shanghai free trade zone
The Chinese government would be easing regulations for foreign lenders seeking to do business in the newly-opened Shanghai free trade zone.
US budget impasse, Italy crisis test recovery of global economy
The budget deadlock in the US and the political crisis in Italy could test the growth of the global economy.
TV ad compares Boehner to a baby throwing tantrums
Representative John Boehner was compared to a tantrum-throwing baby in a television commercial set to go live on Sunday night football.
Latest News
Twitter Inc's prospectus filing on Thursday revealed its reliance in influential users like celebrities to be more relevant.
Shareholder Marvin Pearlstein filed a lawsuit against Blackberry Ltd and its top executives for providing false information about the company's financial position and business growth of its newest smartphone line.
Sources told Reuters that Silver Lake and TPG Capital LP, owners of hardware and software giant Avaya Inc, were contemplating on a sale of the company after plans for a public listing fizzled out.
Susan Bennett said she revealed her identity after the release of a Verge video showing people's interest in the voice behind Apple Inc's voice app Siri.
Google, SAP and Cisco had been in discussions to possible acquire struggling smartphone maker BlackBerry, said a Reuters report.
French clothing retailer Vivarte had been in discussions regarding a possible reset of its loan agreements to make its EUR2 billion debt easier to manage, said a Reuters report.
The withdrawal of Carl Icahn's threat to have a court declared valuation is a sign that the billionaire investor's short term goals.
Applications with the Federal Anti-Monopoly Service was filed by two Bank Rossiya as they bid to purchase shareholdings in Tele2 from state backed bank VTB.
Mortgage insurance firm Essent added Wells Fargo into its list of underwriters together with Bank of America, JPMorgan Chase and Barclays.
