| Molson family loses CIT backing for Canadiens deal The Molson family, which agreed in June to buy the Canadiens for almost $575 million, has lost CIT's backing, but "we have made arrangements with other financial institutions," family spokesm ...[more] |
| Courts approve Nortel wireless sale to Ericsson It remained unclear whether the Canadian government will intervene in the deal now that courts have allowed it to go ahead. Ericsson won an auction for the key CDMA and next-generatio ...[more] |
| IBM to buy analytics company for $1.2 billion Shareholders of SPSS, which provides software and services to help companies analyze and forecast trends in consumer behavior, would receive $50 a share, a 42 percent premium to Monday's clos ...[more] |
| Ontario wants Nortel division sale stopped: report Duncan told the paper the Ontario government, which is spending billions of dollars to encourage development of high-technology companies, is dismayed that a foreign company would benefit fro ...[more] |
| Flextronics withdraws objections to Nortel asset sale Ericsson this weekend won an auction for Nortel's key CDMA and next-generation LTE wireless technologies, which Nortel put on the block after it filed for creditor protection in January. ...[more] |
| No Volkswagen cap hike for now: CEO in paper ) does not currently have to tap equity markets for fresh funding, possibly to finance the purchase of a stake in Porsche's () sports car business, VW's chief executive was quoted as saying.[more] |
| Viacom posts lower profit; unveils Verizon deal Epix, a venture owned by Viacom's Paramount film studio along with Lions Gate Entertainment and MGM, inked a deal that will allow Verizon Communications Inc to carry the channel on its FiOS s ...[more] |
| Magna sweetens Opel bid to soothe critics: sources The revised bid leaves the total proposed amount at some 500 million euros ($714 million), but tilts the financing mix toward an immediate equity injection instead of using convertible debt f ...[more] |
| Sprint to buy Virgin Mobile USA Sprint, which already owns 13.1 percent of Virgin Mobile, will pay a mix of shares and cash to buy the rest of the company from Richard Branson's Virgin Group, South Korea's SK Telecom and pu ...[more] |
| Verizon Wireless, Qualcomm in mobile venture For example, a utility company could remotely monitor power usage at individual homes without visiting them. These kinds of services are seen as an important growth engine for wireless compan ...[more] |
| RioCan eyes acquisition in Canada by year end: CEO ) is looking at acquisition opportunities in Canada in the short term and will likely close a deal by the end of the year, Chief Executive Edward Sonshine said in an interview with Reuters.[more] |