Elephant Talk Communication, Corp., is set to acquire 100 percent assets of Telnicity LLC; a U.S.-based MVNE/MVNO Enabler Company from Oklahoma for approximately $1 million.
Industry
New York Banker Gordian Group to Advise Hostess' Bakery Union
The union and pension fund for Hostess Brands Inc. has hired Gordian Group, an investment bank specializing in distressed cases, to help preserve jobs and workers' benefits at the bankrupt maker of Twinkies snack cakes as Hostess negotiates with buyers.
Sony Unit Sells NY HQ Building for $1.1 Billion
Sony Corp. sells its assets and cuts jobs for a turnaround of its business. Singed by accumulated losses and a rather gloomy scenario for electronics manufacturing, global electronics major Sony Corp.
TransForce Inc. to Acquire Velocity Express for $35 million?
A Montreal-based transportation and logistics company, TransForce Inc., is set to acquire Texas-based Velocity Express and its subsidiaries for approximately $35 million.
Foreign Companies Beneficiaries of One-Quarter U.S. Stimulus Fund
A report submitted by the U.S. House of Representatives Committee on Energy and Commerce found out that U.S. subsidiaries of foreign corporations have received around one-quarter of $16 billion from Section 1603 grant program.
Latest News
Sharp Corp. is reportedly in talks with Lenovo Group Ltd to sell its LCD TV plant in China. With an aim to boost its finances Sharp Corp, a Japanese electronics company, is reportedly in talks with Lenovo Group Ltd to sell its LCD TV plant in China.
Canada’s leading e-commerce companies TeamBuy.ca and Dealfind.com announced their merger to form one of the country’s largest online deal destinations.
Louis Dreyfus Commodities is planning to buy about 13 percent stake in Namoi Cotton Co-operative Ltd.
China’s privately-owned clean energy company - Hanergy Holding Group, Ltd acquired US based CIGS thin-film manufacturer MiaSolé for $30 million.
Transocean Ltd disclosed on its website that Carl Icahn acquired 1. 56 percent of stake in the company.
Oral Cancer Prevention International and CDx Laboratories recently merged to become CDx Diagnostics.
Ocean Spray, a U.S.-based grower-owned agricultural cooperative has made its first international acquisition with Chilean firm Agrícola Cran Chile Limitada today.
The much talked about merger in the airline industry between American Airlines and US Airways is all set to happen after both sides came together for discussions in Dallas, last week.
American Express to cut 5,400 jobs this year. American Express Co. , announced that it will slash 5,400 jobs this year as a part of its restructuring effort and to offset losses.
