Two years after hitching its fate to Microsoft’s Windows Phone software, Nokia collapsed into the arms of the U.S. software giant on Tuesday, agreeing to sell its main handset business for 5.44 billion euros ($7.2 billion). Nokia, which will continue to make networking equipment and hold patents, was once the […]
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Verizon, Vodafone agree $130 billion Wireless deal
Verizon Communications agreed on Monday to pay $130 billion to buy Vodafone Group out of its U.S. wireless business, signing history’s third largest corporate deal announcement to bring an end to an often tense 14-year marriage. The deal in cash and stock will give Verizon full access to the profits […]
Swiss banks apologize for assisting tax cheats
Switzerland‘s banks on Tuesday issued an unusually direct apology for their role in helping tax cheats, following a landmark settlement with U.S. authorities which could threaten the existence of some firms. The banks do not know the ultimate cost of a government settlement to a long-running U.S. drive to pierce […]
