CANADA

Nokia Siemens Networks and Nortel signed USD$650 million planned acquisition agreement to purchase LTE and CDMA assets.

Nokia Siemens Networks said on Monday it hopes to close its $650 million acquisition of Nortel Networks' advanced wireless technology business by the third quarter of this year.

Nokia Siemens Networks said on Monday it hopes to close its $650 million acquisition of Nortel Networks' advanced wireless technology business by the third quarter of this year.

Canada's Verenex Energy Inc said on Monday that Libyan authorities have not yet approved the C$499 million ($434 million) sale of the company to China National Petroleum Corp, putting the deal at risk.

Carmakers left on the sidelines of rapid change in Europe's auto landscape will eventually be forced into mergers and acquisitions even if they use alliances and partnerships to tackle immediate challenges.

Telecom equipment maker Nortel Networks said on Friday that it will sell its advanced wireless technology business to Nokia Siemens Networks for US$650 million and that it was making progress in talks to sell its other businesses.

It was only a simple action - a small arm motion and the job would soon be finished. So why was I so afraid? From where was this apprehension coming? I reasoned with myself that thousands had gone before me and safely achieved this ambition.

Miner BHP Billiton will push for more acquisitions after sealing an iron ore venture with Rio Tinto, while funds from the deal and a linked rights issue could prompt Rio to dip its toes back into M&A.

Research In Motion offered investors an outlook on Thursday that fell short of some expectations, sending the BlackBerry maker's stock sliding 5 percent even as the company reported a higher quarterly profit that topped forecasts.

A global shift toward nuclear power is prompting countries to rush to lock in long-term access to tight supplies of uranium, and China and India look to be the next players to get in on the action.

Ford Motor Co, the only U.S. automaker not to file for bankruptcy this year, has a sound balance sheet and is seeking to further reduce debt, Chief Executive Alan Mulally said on Wednesday.

While search teams scour the Atlantic ocean for the black boxes of Air France flight AF447 before their signals die out, aviation experts are considering satellite data streaming to collect vital flight data in future.

Chrysler Group LLC said on Wednesday it will resume production of vehicles in seven North American assembly plants by the end of the month, the first large-scale resumption of production since the Fiat SpA led company acquired Chrysler assets earlier in June.

Specialty retailer Eddie Bauer filed for bankruptcy on Wednesday, but says it will continue to serve customers as it seeks court permission to sell its assets to a private equity group.

Watson Pharmaceuticals Inc said on Wednesday that it would buy privately held Arrow Group for $1.75 billion, clinching a long-expected deal by the U.S. generic drugmaker to expand internationally.

Watson Pharmaceuticals Inc said on Wednesday it will buy privately held Arrow Group for $1.75 billion, clinching a long-expected deal by the U.S. generic drugmaker to expand internationally.

Walt Disney Co is introducing $350 netbooks for children ahead of the holidays, even as other toy companies shy away from expensive items to appease recession-hit shoppers.

Research In Motion is adding another smartphone to its BlackBerry lineup as it aims to win market share among both executives and mainstream consumers despite tough economic conditions.

A Canadian pension fund moved closer to sealing a takeover of Australia's Macquarie Communications Infrastructure Group on Tuesday, raising its offer to $1.3 billion and securing the approval of the two biggest shareholders.

The head of the IMF warned on Monday it was too soon to discuss rolling back stimulus spending, saying the world economy had yet to weather the worst of a recession that has hammered industrial output and claimed a record number of European jobs.

The head of the IMF warned on Monday it was too soon to discuss rolling back stimulus spending, saying the world economy had yet to weather the worst of a recession that has hammered industrial output and claimed a record number of European jobs.