International Business News - VM http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Russian automaker GAZ Group and General Motors Corp. on Wednesday said they reached deal for GAZ to buy a 50 percent stake in Italy-based diesel engine maker VM Motori SpA and become GM's joint venture partner in the company. http://www.ibtimes.com/articles/20080903/gaz-acquires-50-percent-stake-in-vm-motori.htm Wed, 03 Sep 2008 08:51:56 EDT Virgin Mobile USA Inc. said Friday it completed its acquisition of struggling cellular carrier Helio LLC for $38 million in stock. Under the terms of the buyout, announced June 27, Helio owners EarthLink Inc. and SK Telecom, a South Korean carrier, received limited partnership units and shares equivalent to 13 million shares of Virgin Mobile USA stock. http://www.ibtimes.com/articles/20080822/virgin-mobile-closes-38m-helio-acquisition.htm Fri, 22 Aug 2008 13:29:46 EDT Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and Nasdaq Stock Market: Wal-Mart Stores Inc., up 22 cents at $58.10 http://www.ibtimes.com/articles/20080814/wal-mart-amr-starbucks-among-big-movers.htm Thu, 14 Aug 2008 16:47:08 EDT Wireless service provider Virgin Mobile USA Inc. said Wednesday its second-quarter profit dropped sharply as revenue declined and the company lost net subscribers. http://www.ibtimes.com/articles/20080813/virgin-mobile-usa-2q-profit-declines.htm Wed, 13 Aug 2008 20:27:15 EDT EarthLink Inc.'s founder, Sky Dayton, will retire in October from its board, where he's had a seat since 1994, the Internet service provider said. "After 14 years, I believe it is the right time for me to return full-time to my entrepreneurial roots," Dayton said in a statement late Friday. He was 23 when he started the company, now based in Atlanta. http://www.ibtimes.com/articles/20080804/earthlink-founder-sky-dayton-to-retire-from-board.htm Mon, 04 Aug 2008 08:01:41 EDT South Korea's SK Telecom Corp. is in talks to buy struggling U.S. wireless carrier Sprint Nextel Corp., business news channel CNBC reported Tuesday An agreement would be at best weeks away, CNBC said, citing people familiar with the talks. http://www.ibtimes.com/articles/20080715/cnbc-korean-carrier-in-talks-to-buy-sprint.htm Tue, 15 Jul 2008 23:20:37 EDT For less than $15, you can buy a cell phone loaded with minutes. You can buy more as you go whenever those minutes run out. Best of all, you aren't locked into a long-term contract. http://www.ibtimes.com/data/articleimgs/90682-cell-phone-trafficking.jpg http://www.ibtimes.com/articles/20080713/cell-phone-companies-scramble-to-halt-trafficking.htm http://www.ibtimes.com/articles/20080713/cell-phone-companies-scramble-to-halt-trafficking.htm Sun, 13 Jul 2008 15:33:44 EDT A rocky week for tech stocks and the rest of Wall Street closed Friday with the official end to Bill Gates' full-time tenure at Microsoft Corp. Gates, who dropped out of college to launch Microsoft with Paul Allen in 1975, is going part-time as chairman to spend more time on his charitable foundation. He leaves Microsoft at a time when the company is struggling to beat Google Inc. in the online advertising market, after Yahoo Inc.'s snub of its $47.5 billion buyout bid, and following the lackluster launch of its latest operating system, Windows Vista. http://www.ibtimes.com/articles/20080627/tech-roundup-bill-gates-moves-on.htm Fri, 27 Jun 2008 17:02:24 EDT Virgin Mobile USA Inc. is buying Helio LLC, a struggling cell phone carrier that was founded to bring the advanced features of South Korean phones to the U.S. market. http://www.ibtimes.com/articles/20080627/virgin-mobile-to-buy-helio-for-39m.htm Fri, 27 Jun 2008 17:16:03 EDT Virgin Mobile USA is introducing a plan with unlimited calling for $79.99 per month, helping feed the price-cutting frenzy that has washed over the cellular carriers this year. http://www.ibtimes.com/articles/20080624/virgin-mobile-introduces-unlimited-calling-plan.htm Tue, 24 Jun 2008 02:45:03 EDT Virgin Mobile USA is introducing a plan with unlimited calling for $79.99 per month, helping feed the price-cutting frenzy that has washed over the cellular carriers this year. http://www.ibtimes.com/articles/20080624/virgin-mobile-introduces-unlimited-calling-plan.htm Tue, 24 Jun 2008 07:17:55 EDT The tech sector's attention was captured by two major deals this week, as Hewlett-Packard Co. said it will buy Electronic Data Systems Corp. for $13.2 billion and CBS Corp. agreed to acquire CNET Networks Inc. for $1.8 billion. http://www.ibtimes.com/articles/20080516/tech-roundup-hp-nabs-eds-cbs-grabs-cnet.htm Fri, 16 May 2008 16:29:55 EDT Virgin Mobile USA Inc. said Wednesday it is in preliminary talks with South Korea's SK Telecom Co. about possible "strategic options," a phrase that usually suggests a buyout or major investment. http://www.ibtimes.com/articles/20080514/sk-telecom-in-strategic-talks-with-virgin-mobile.htm Wed, 14 May 2008 16:45:21 EDT Shares of Virgin Mobile USA Inc. fell Tuesday after the wireless service provider posted lower first-quarter profit and sales as it added fewer subscribers during the quarter and gave a disappointing outlook. http://www.ibtimes.com/articles/20080506/virgin-mobile-shares-tumble-after-2q-forecast-disappoints.htm Tue, 06 May 2008 15:19:50 EDT The technology sector's week kicked off with solid first-quarter earnings from Verizon and ended with the Microsoft-Yahoo takeover saga intensifying amid reports that the two were in active talks and the software giant has raised its bid for the Internet icon. http://www.ibtimes.com/articles/20080502/tech-roundup-microsoft-yahoo-saga-heats-up-sun-disappoints.htm Fri, 02 May 2008 16:41:03 EDT With its winning $4.7 billion bid last week, Verizon Wireless didn't just stake claim to beachfront wireless property, it also grabbed control of the guest list to the open-access party. The open-access rules are designed to loosen that control, giving way to more products, innovation and competition. But with Verizon in a gatekeeper's role, analysts and others say they expect an incremental improvement. http://www.ibtimes.com/articles/20080326/open-wireless-network-may-not-open.htm Wed, 26 Mar 2008 06:28:28 EDT Battered shares of Virgin Mobile USA Inc. got a small lift Friday even as the broader market _ including telecom stocks _ declined amid investors' mounting credit worries. http://www.ibtimes.com/articles/20080314/a-second-look-virgin-mobile-edges-up.htm Fri, 14 Mar 2008 12:23:34 EDT Virgin Mobile USA Inc., the U.S. wireless unit of Richard Branson's Virgin Group, posted a smaller fourth-quarter loss Wednesday, but shares tumbled after-hours trading as its forecast missed Wall Street's expectations. http://www.ibtimes.com/articles/20080312/virgin-mobile-narrows-4th-qtr-loss.htm Wed, 12 Mar 2008 17:25:20 EDT Among the stock activity stories for Monday, Feb. 4, from AP Financial News: NEW YORK (AP) _ Shares of Virgin Mobile USA Inc., the U.S. wireless unit of Richard Branson's Virgin Group, tumbled Monday after the company reported fourth-quarter subscriber figures below analysts' and its own prior expectations. http://www.ibtimes.com/articles/20080204/movers-roundup-virgin-mobile-google.htm Mon, 04 Feb 2008 18:30:40 EST Shares of Virgin Mobile USA Inc., the U.S. wireless unit of Richard Branson's Virgin Group, tumbled Monday after the company reported fourth-quarter subscriber figures below analysts' and its own prior expectations. http://www.ibtimes.com/articles/20080204/virgin-mobile-shares-tumble.htm Mon, 04 Feb 2008 15:09:40 EST