A meeting last year between top Apple brass and Tesla CEO Elon Musk has sparked speculation that the hugely successful electronics maker is interested in purchasing the forward-thinking electric car company.
The Russian government is demanding state-owned monopolies cut their spending by 10 percent annually over the next five years, as part of a larger concentrated effort to make state-owned companies more competitive.
In a historic vote, shareholders in Finland’s troubled high-tech firm, Nokia, have voted to accept a $7.4 billion takeover of its mobile division by Microsoft. The deal could boost the US software giant’s revenue by $20 billion.
The US Department of Justice has given a green light to the merger of US Airways and American Airlines, creating the world’s largest air carrier. Experts fear the deal will mean higher prices as they have already increased 15% since the 2009 merger peak.
The struggling smartphone maker BlackBerry has abandoned its sale and announced it will replace chief executive officer, Thorsten Heins, after failing to turn around the company. The news dragged BlackBerry shares down 16.41 percent on the NASDAQ.
The iconic American World Trade Center name was sold in secret to a non-profit organization belonging to one of the original owner’s executives for $10 in 1986, with the former obliged to pay thousands of dollars every year just to keep the naming rights.
Russian steel and coal group Mechel is broadening its list of assets slated for sale, adding coal company Bluestone - its only US asset. Mechel, which is wrestling with a $9 billion debt burden, will begin looking for investors in the fall.
Aleksandr Lebedev, an outspoken Kremlin critic and media mogul with assets in Russia and Britain, plans to unload his remaining 4.5 percent stake in Russia’s national airline, Aeroflot, a Russian news source quoted the billionaire as saying.