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Ciena Wins Bidding for Nortel Assets
Ciena said Monday it won the bidding for the optical networking and carrier ethernet assets of Nortel, beating out a rival bid from Nokia Siemens Networks.
07:37AM 11/23/09
JPMorgan Hires New CEO for China
JPMorgan Chase has named lawyer named Zili Shao as the new CEO of its China operation.
06:42AM 11/23/09
Microsoft, News Corp. Take Aim at Google
Microsoft has held talks with News Corp. in which News Corp. would be paid to "de-index " its Web sites from Google, a report says.
01:22AM 11/23/09
Sands China Raises $2.5 Billion in IPO
The Macau unit of Las Vegas Sands sold 1.87 billion shares at HK$10.38 each ($1.34), the low end of the initial public offering's indicative range, a report says.
12:56AM 11/23/09
Terra Rejects Latest CF Proposal
Terra rejected an offer CF Industries submitted over the weekend, saying the proposal contained the same economic terms as CF's already-rejected bid from Nov. 1.
12:29AM 11/23/09
DR Horton Posts Loss on Fewer Writedowns
The homebuilder narrowed its loss in the fourth quarter as it wrote down fewer costs. Closings fell 31% in the quarter.
07:37AM 11/20/09
Nokia to Cut 330 R&D Personnel
The maker of cellphones said it plans to eliminate about 330 employees in its research and development operations in Finland and Denmark.
06:21AM 11/20/09
Cloud Peak IPO Prices Below Range
Cloud Peak Energy's initial public offering of 30.6 million shares was priced at $15 a share, below the expected range of $16 to $18 a share.
02:15AM 11/20/09
Goldman Holders Call for Cut of Bonus Pool
Some of Goldman Sachs' largest shareholders are urging the firm to reduce its bonus pool, arguing it should pass along more of its earnings to investors, a report says.
01:25AM 11/20/09
GE, Vivendi Differ on Value of NBCU Stake
General Electric and Vivendi are at least $1 billion apart in their valuation of the French media company's stake in NBC Universal, a report says.
12:58AM 11/20/09
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