Data both blessing and curse for mobile telecoms
Dongle may sound a bit goofy, but the innocent-seeming technology is emerging as one of the biggest challenges to the mobile telecoms industry in coming years. Read Full Article here.
Delta closes $2.1 billion in financing
Delta Air Lines said on Monday that it has closed $2.1 billion of financing deals that have bolstered its liquidity by $600 million. Read Full Article here.
Xerox to buy ACS to expand back office services
Xerox Corp plans to buy Affiliated Computer Services Inc for $5.5 billion to move into the outsourcing business, but shares of the printing company plunged on concerns that it was gambling on a major shift in strategy. Read Full Article here.
Abbott, J&J strike deals, boost vaccines
The world's two largest diversified healthcare companies struck deals on Monday that will propel them into vaccines, a red-hot area for investors because of the pandemic flu threat and potential high profits for preventing other diseases. Read Full Article here.
Warner, YouTube near deal for music videos
Warner Music Group and YouTube are finalizing an agreement that would allow music videos from artists such as Madonna and Green Day to once again be featured on the popular web site, according to sources close to the deal. Read Full Article here.
Spurt of M&A buoys Wall Street, but volume light
Stocks rallied on Monday, snapping a three-day losing streak, as a spurt of corporate takeovers in the technology and health-care sectors fueled optimism about share values. Read Full Article here.
Trichet: ECB won't keep money market support forever
The European Central Bank cannot maintain its current strong support of money markets forever, the bank's President Jean-Claude Trichet said on Monday. Read Full Article here.