29 Mar 2005 08:10 AM

Silver Lake Partners consortium bought SunGard in biggest leveraged buy-out in 16 years, when Kohlberg Kravis Roberts bought RJR Nabisco for $25 billion.

29 Mar 2005 07:46 AM

Software giant Microsoft said Monday it reached an agreement with EU regulators on Media Player issue as the European union was strongly opposing Windows to have Media Player. Windows

28 Mar 2005 08:29 PM

General Electric Co. is considering a possibility to purchase closely held NIB Capital Bank NV, a Dutch commercial-finance and investment bank praised at more than $3 billion, said people familiar with the matter. NIB

28 Mar 2005 07:47 PM

Crises and delays in coal shipments on China’s increased pressure on railway system and raising concerns by Chinese officials about the security of the country’s growing oil imports will proceed hiking international prices for crude oil and natural gas, according to energy experts. "China’s rail network is running over capacity," said an energy economist specializing in Asia James P. Dorian in an

28 Mar 2005 06:54 PM

Three private-equity firms -- Texas Pacific Group, General Atlantic LLC and the Newbridge Capital LLC affiliate of Texas Pacific and Blum Capital Partners -- are about to acquire stakes in China’s Lenovo Group Ltd. The

28 Mar 2005 10:30 AM

Japanese electronic giant Sony Corp.’s video game unit today was announced the PlayStation2 console halt and pay some £48 million ($90.7 million) in damages to technology minnow Immersion, according to the US court order.

28 Mar 2005 09:52 AM

U.S. airlines will be ordered to carry out detailed rudders inspection for certain Airbus jets after a March 6 in-flight incident in which the rudder nearly fell off a Canadian charter A310, a spokesman for the Federal Aviation Administration

28 Mar 2005 09:26 AM

Walt Disney Co. announced Friday it would reorganize its strategic planning division by giving more duties to the division chiefs and reducing its strategic team. Peter Murphy, chief strategic officer, will resign his current office to become a senior adviser to CEO-elect Robert

28 Mar 2005 08:55 AM

The president of China’s largest petrochemical producer Sinopec Corp, Wang Jiming, declared his retirement over the weekend, state media reported Monday.

28 Mar 2005 08:01 AM

The auction site eBay, so called "the world’s on-line marketplace", numbers more than 135 million registered users. More than $34 billion worth of merchandise was bought there last year. There

28 Mar 2005 07:04 AM

A consortium of U.S. private equity firms led by Silver Lake Partners agreed to make the biggest leveraged buy-out in 16 years by purchasing financial data company SunGard Data Systems. The expected price for the company amounts to $10.5 billion.

25 Mar 2005 03:44 PM

The Santa Clara County Superior Court jury ordered Toshiba Corp. to pay $465 million in damages to Lexar Media Inc. Lexar, the US digital equipment company, accused Toshiba of stealing trade secrets from the company. On

25 Mar 2005 02:04 PM

Wednesday’s blast at a BP refinery that killed 15 people and injured at least 100 is called the worst gas-and-chemical industry accident in 15 years. The

25 Mar 2005 01:23 PM

Prudentia, the second-biggest insurance company for Britain decided to replace its CEO Jonathan Bloomer by the group finance director at HBOS bank Mark Tucker. Jonathan Bloomer has been serving as the company’s chief executive for the last five years but was eventually accused of failing to sell Egg, Prudential’s Internet banking unit, tapping the company’s shareholders for £1 billion

25 Mar 2005 11:20 AM

MCI Inc. was allowed by Verizon Communications to resume takeover talks with Qwest Communications International. MCI accepted a $6.75-billion takeover offer from Verizon on February 14, while Qwest’s most recent counterbid went up to $8.4 billion. Qwest has sweetened its offer twice.