Global equities and the dollar rose on Wednesday, as solid German economic data pointed to a pick-up in world trade and kept European shares near five-and-a-half year highs. News on Tuesday that the U.S. trade deficit hit a four-year low also bolstered optimism over the global economy and lifted the […]
Business News
Microsoft close to naming CEO, Ford’s Mulally stays put
Microsoft Corp (MSFT) is closer to naming a new chief executive, according to a source familiar with the board’s thinking, but it lost a front-runner candidate on Tuesday when Ford Motor Co’s (NYS:F) chief, Alan Mulally, said he would not be going to the software giant. Mulally’s comments reignited the […]
T-Mobile to buy Verizon spectrum for $3.3 billion, eyes more purchases
T-Mobile US Inc (TMUS.N) is buying wireless airwave licenses from Verizon Wireless to improve its high-speed network in a $3.3 billion deal and said it hopes to follow up with more spectrum purchases. Shares in T-Mobile, majority owned by Deutsche Telekom (DTEGn.DE), rose 2.5 percent on Monday after the company […]
