EU Clears Flextronics Purchase of Units
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European Union regulators Friday cleared Singapore's Flextronics International Ltd., the world's largest contract electronics manufacturer, to acquire factories from Canada's Nortel Networks Corp.
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Flextronics International Ltd., which assembles electronics sold by other companies, Monday reported profit for its latest quarter but lowered its earnings forecast.
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The European Union on Wednesday cleared Banco Santander Central Hispano SA&#39;s acquisition of British rival Abbey National PLC. The takeover raised no competition concerns since the banks operate in different markets, the EU Commission said.
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NEW YORK (Dow Jones)--Flextronics International Ltd. (FLEX) fell 7% in post-market trading Monday after issuing third-quarter guidance that fell below analysts&#39; expectations.
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But the European Commission said Thomson must sell off financial research units to eliminate antitrust concerns raised by the 8.1 billion pound ($15.8 billion) deal.
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Wireless baby monitors and headphones bought in one European country will work anywhere in the European Union, officials promised Thursday after setting EU-wide frequencies for short-range wireless products.
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ENDESA (NYSE:ELE) has reached a deal to sell Ericsson Spain 100% of its wholly owned subsidiary Enditel Ingenieria for Euro 4.7 million.
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European Union regulators cleared on Tuesday an agreement by Telecom Italia SpA to buy AOL's German access business, saying the combined company still would face formidable competition.
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European regulators gave their approval to IBM's $5 billion acquisition of the business intelligence software vendor.
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U.S. buyout firm Cerberus Capital Management  won approval from the European Commission on Tuesday to buy U.S. carmaker Chrysler from DaimlerChrysler .
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Contract manufacturer Flextronics  International Ltd  posted a quarterly profit that beat  expectations on Tuesday and stuck to its earnings forecasts,  sending its stock up nearly 5 percent.
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The European Commission approved a multi-billion pound bailout of the nuclear group British Energy, after securing guarantees that the company would not breach EU competition rules.
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European Union antitrust regulators cleared Oracle Corp.&#39;s hostile $7.7 billion bid for rival business software maker PeopleSoft Inc.
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The Motley Fool - Over the past four years, Euronet Worldwide (Nasdaq: EEFT - News) has purchased 14 companies, which are helping to build a deep footprint of more than 150,000 retail locations, where the company sells things like debit cards and prepaid services (for wireless, gift cards, and long-distance). And the deals keep coming. The latest is the $490 million purchase of RIA Envia, which puts Euronet in the fast-growing business of global money transfer services.
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Flextronics International Ltd  posted quarterly earnings that beat Wall Street expectations on Tuesday, as sales at the contract electronics maker jumped 18 percent.
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Flextronics International will buy Solectron for about $3.6 billion, the two companies said Monday, in a move by Flextronics to catch up with Hon Hai Precision Industry, the world's biggest manufacturer of electronics for other companies.
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The European Commission on Tuesday cleared Oracle&#39;s (ORCL) hostile $7.7 billion bid for rival business-software maker PeopleSoft (PSFT), lowering the last antitrust hurdle to the contested deal.