Microsoft is to acquire Nokia's Devices & Services business, which includes the smartphone and mobile phones businesses, and license the Finnish company's patents for a total of €5.44 billion (US$7 billion) in cash, the companies said ...
Tags: Microsoft, Nokia, Mobile Phones Business, Smartphones
State-owned Chinese oil giant Sinopec has taken its first step into Egypt's upstream sector with a $3.1 billion deal to buy a 33% stake in US-based Apache's assets there. The deal is the first under in a new global strategic partnership ...
Tags: Metallurgy, Mineral, Energy
Charlotte-based nonwovens producer Polymer Group Inc. (PGI) has made an offer to purchase Fiberweb Plc, a London-based nonwovens and geosynthetics producer. Fiberweb's Board of Directors has stated that although there is no guarantee the ...
Osram and Sharp have cross-licensed LED and laser-diode patents, while Zumtobel appoints a new CEO and its Tridonic business completes the sale of its magnetic ballast plant in Australia. Osram GmbK based in Munich, Germany, and Sharp ...
Tags: laser-diode, Osram
CHS, an energy grains and foods company and the leading farmer-owned cooperative in the US, is in merger talks with Dakota Plains Cooperative, a full-service agribusiness headquartered in Valley City, North Dakota. The companies are ...
Tags: foods company, energy grains
Biotechnology company Amgen has reached a deal to buy all outstanding shares of California-based Onyx Pharmaceuticals for $125 per share in cash. The purchase price of the transaction that is expected to be closed by the beginning of ...
Tags: Amgen, Onyx Pharmaceuticals
The Tire Industry Association (TIA) is reminding members that the voting period for the 2013 TIA board election ends on Sept. 1, 2013. TIA members with voting rights are encouraged to vote. The elections will place six individuals onto ...
Tags: Auto Parts, tyre
Ontario's Veridian Connections (Veridian) says its vice-president of operations, Mark Turney, has been appointed to the Infrastructure Health & Safety Association's (IHSA) board of directors. "Establishing a culture of safety, where ...
Tags: Board, Consumer Electronics
The Association of Postconsumer Plastic Recyclers, the leading trade organization representing the plastics recycling industry in North America, has published an executive summary version of their recyclability design guides for packaging ...
Ross Stores, Inc. announced that the Company's Board of Directors declared a regular quarterly cash dividend of $0.17 per common share, payable on September 30, 2013 to stockholders of record as of September 6, 2013. Ross Stores, Inc. is ...
Tags: apparel, footwear, home fashions
Microsoft CEO Steve Ballmer is to retire within 12 months, according to a statement just released by the company - "upon the completion of a process to choose his successor". In the meantime, "Ballmer will continue as CEO and will lead ...
Tags: Microsoft, Computer Products
Taiwan's largest steelmaker China Steel Corporation (CSC) has issued updates on certain investment projects following the board of directors meeting held on August 9. Accordingly, CSC will increase its investment in its wholly-owned ...
Tags: steelmaker, Mineral
The American Logistics Aid Network (ALAN) announced late Tuesday that John T. "Jock" Menzies III, president of American Logistics Aid Network had died unexpectedly. According to a published report, Menzies, 69, was travelling in a private ...
Tags: Logistics, Transportation
The National Fenestration Rating Council's (NFRC) announced its board of directors has approved a plan to submit the three NFRC documents referenced in International Code Council (ICC) Building Codes for the American National Standards ...
Tags: Construction, Decoration
Industry executive brings extensive experience in global operations and corporate development View Inc., the leader in dynamic glass, today announced Harold Hughes, a semiconductor industry veteran, is joining the company's board of ...
Tags: Construction, Decoration