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Microsoft to buy Nokia's handset business for $7.2 billion Monday, Sep 02, 2013 11:24 PM PDT By Terhi Kinnunen and Bill Rigby HELSINKI/SEATTLE (Reuters) - Microsoft Corp said it will buy Nokia Oyj's phone business and license its patents for 5.44 billion euros ($7.2 billion), making its boldest foray yet into mobile devices and bringing executive Stephen Elop back into the fold. ... Full Story | Top |
Insight: Verizon, Vodafone CEOs talked in gym, agreed on price at breakfast Monday, Sep 02, 2013 05:14 PM PDT By Sinead Carew and Soyoung Kim (Reuters) - In the end, all it took was a workout session in the gym followed by conversation over breakfast at San Francisco's Four Seasons hotel for Verizon Communications Inc's Lowell McAdam and Vodafone Group Plc's Vittorio Colao to bridge a $30 billion, 10-year-long gap between their companies and strike the third-biggest corporate deal ever. ... Full Story | Top |
Verizon, Vodafone agree to $130 billion Wireless deal Monday, Sep 02, 2013 05:07 PM PDT By Kate Holton and Sinead Carew LONDON/SAN DIEGO (Reuters) - Verizon Communications agreed on Monday to pay $130 billion to buy Vodafone Group out of its U.S. wireless business, signing history's third largest corporate deal announcement to bring an end to an often tense 14-year marriage. The deal in cash and stock will give Verizon full access to the profits from the United States' largest mobile operator, handing it fresh firepower to invest in its mobile network and fend off challengers in a tough market that is fast becoming even more competitive. ... Full Story | Top |
Verizon not planning to enter Canadian market: CEO Monday, Sep 02, 2013 04:20 PM PDT TORONTO (Reuters) - Verizon Communications Inc is not planning to enter the Canadian wireless market, its chief executive said in an interview on Monday that is likely to support shares of the country's largest mobile phone providers. A Verizon spokesman confirmed comments that CEO Lowell McAdam made in an interview with Bloomberg that the largest U.S. mobile operator does not have an interest in entering Canada. "Verizon is not going to Canada," the story quoted McAdam as saying, adding that speculation about its possible entry was "way overblown". ... Full Story | Top |
Verizon, Vodafone agree $130 billion Wireless deal Monday, Sep 02, 2013 03:24 PM PDT By Kate Holton and Sinead Carew LONDON/SAN DIEGO (Reuters) - Verizon Communications agreed on Monday to pay $130 billion to buy Vodafone Group out of its U.S. wireless business, signing history's third largest corporate deal announcement to bring an end to an often tense 14-year marriage. The deal in cash and stock will give Verizon full access to the profits from the United States' largest mobile operator, handing it fresh firepower to invest in its mobile network and fend off challengers in a tough market that is fast becoming even more competitive. ... Full Story | Top |
Pro-Syria hackers put anti-attack message on U.S. Marines site Monday, Sep 02, 2013 10:49 AM PDT WASHINGTON (Reuters) - Computer hackers aligned with Syrian President Bashar al-Assad struck an Internet recruiting site for the U.S. Marine Corps on Monday, urging troops to "refuse your orders" if the United States attacks Syria. The attack appeared to be the work of the Syrian Electronic Army, which also recently targeted the New York Times' website and Twitter. The hackers posted a message and images on the website www.marines.com, signing it "delivered by SEA," a reference to the Syrian Electronic Army. ... Full Story | Top |
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