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Sep 04

Business

Deutsche Telekom likely to sell T-Mobile USA

Is Deutsche Telekom seriously planning to sell off of T-Mobile USA. Deutsche Telekom is apparently also considering another alternative of investing a huge amount of funds into T-Mobile to revive the business. Both the rumors are going strong and officials from either company have not released any official statement to this effect.

MBNA sale rose from the wreckage of 2 crashes

When Bruce Hammonds, chief executive of MBNA, stepped into the company’s helicopter in Manhattan with five senior executives on a Friday last month, the mood was jovial.

A Merger is On at Qantas

QANTAS chief Geoff Dixon yesterday admitted a merger with a foreign airline is likely in the next five to 10 years.

Ford Cuts Jobs, Profit Outlook

Ford Motor Co., the second largest U.S. automaker is planning more job cuts to offset the southwardly sales in North America.

Pfizer to Buy Vicuron for $1.9 Billion

New York based Pfizer inc. on Thursday agreed to buy Vicuron Pharmaceuticals Inc., a development-stage biotechnology company for $ 1.9 billlion in cash.

Airbus Wins Major Order of A350 from Qatar

Qatar Airways has announced its decision to buy 60 Airbus A350 long-range jets, a number that Noël Forgeard, chief executive of Airbus, said was enough to ensure that the plane would be built.

Aber Diamond Q1 Profit Jumps to $13.6M

Aber Diamond Corp. closed its first quarter of 2005 fiscal with sales of $ 110 million, more than double its sales from first quarter 2004.

Siemens to Sell Mobile Phones Unit to BenQ

Siemens has announced its decision to sell its loss-making mobile phones unit to Taiwanese technology group BenQ at a cost of $ 429 million.

General Motors recalls 292,000 Saturns

General Motors Corp. is recalling 291,652 Saturn L-Series sedans and wagons in the United States because of defective tail lights, U.S. safety regulators said on Friday.

eBay to buy Shopping.com for $ 620 million

Online auctioneer eBay Inc. said on Wednesday it agreed to buy Shopping.com, which provides online comparison shopping and consumer reviews, for about $ 620 million in cash.

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