Huawei Technologies Co and ZTE Corp have asked regulators to make sure that Microsoft's takeover of Nokia's handset business will not result to increased patent fees in wireless technology, according to sources who talked to Bloomberg.
Europe
Norway's Telenor increases stake in India's Telewings to 74pct
Norway-based firm Telenor has bought additional shares worth INR1,000 crore in India-based telecom firm Telewings Communications, bringing its ownership in the Indian firm to 74%.
PCH International acquires Australian distribution firm Conexus
Cork, Ireland-based consumer electronics distributor PCH International announced it has acquired Australian distribution company Conexus for an undisclosed amount to give its clients better access to the Australian and Asian markets.
Upcoming Monte Paschi meeting spurs tension on cash call
The intention of Monte dei Paschi di Siena's largest shareholder to postpone the planned cash call until the middle of next year has irked Profumo and chief executive officer Fabrizio Viola.
Audi proposes $30.3 B investment plan to challenge Toyota, GM, BMW sales
Volkswagen AG's Audi division said today in a statement that it is aiming to challenge major automobile players in terms of global sales by pouring in €22 billion or $30.3 billion in auto model and technology development through 2018.
Latest News
India-based integrated components manufacturer Amtek Auto agreed to acquire significant business interests in Germany-based integrated machine manufacturer Kuepper group in a deal reportedly valued at €200 million.
Swedish laboratory Nordic Society for Intervention and Discovery (NSID) has raised funding via Indiegogo to develop No More Woof, a headset prototype that translates dogs' thoughts into English.
Oil giant Royal Dutch Shell on Thursday announced that it has renewed an option to buy land in Monaca,Pennsylvania owned by metal-processing company Horsehead Holding Corp. Shell has a $2 billion ethylene plant building proposal for the said site.
The Development Bank of Japan will acquire a 24.95% stake in the Gunfleet Sands Facility, a 172-megawatt offshore wind project located in England. DBJ will buy the stake from Marubeni Corp., which bought its holding originally for $329 million.
York, UK-based air conditioning and refrigeration technology services provider Cooltec Services has attracted £40,000 in business loan from Finance Yorkshire for its much-needed working capital.
Petroleum firm Total SA has put up for sale a 15% stake in its Congo oil exploration and production unit Total E&P Congo. The said holding was sold to Qatar Petroleum International for $1.6 billion.
A holiday shopping season slump failed to materialize in the UK as shoppers flocked to stores on Boxing Day, giving British retailers a boost, The Telegraph reported.
Juergen Weber, the chairman of Hapag-Lloyd AG, said that Hamburg-Sued should participate in merger talks between his company and smaller Chilean shipper Compania Sud Americana de Vapores SA.
While shoppers in the UK and the US spent more for the holidays this year, the profit margin for retailers remains in doubt due to steep discounts, the Financial Times reported.
