EU approves Flextronics bid for US rival
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European Union antitrust regulators on Wednesday approved the acquisition of U.S.-based Solectron Corp. by Singapore's Flextronics International Ltd., saying the $3.6 billion deal did not pose any competition concerns.
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Oracle Corp. won European Union approval for its hostile $7.7 billion takeover offer for PeopleSoft Inc., removing the last regulatory hurdle to the bid.
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The European Commission is likely to follow opinion in the U.S. on the merger suit.
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STRASBOURG, France/SAN FRANCISCO  - The European  Commission on Tuesday approved Oracle Corp.'s ORCL.O proposed  $7.7 billion hostile takeover of rival business software  company PeopleSoft Inc. PSFT.O, clearing the last antitrust  hurdle to the deal.
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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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The European Union&#39;s telecoms chief  said on Thursday she would favor the European mobile television  broadcasting standard over U.S. and Korean rivals, when the  Commission decides which to back next month.
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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 US software company Oracle&#39;s 7.7 billion-dollar takeover bid for its American rival in the business software market Peoplesoft on Tuesday.
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Flextronics , the world's largest contract electronics manufacturer, posted on Tuesday a jump in quarterly profit from a year ago, when results were weighed down by charges.
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The orthopedic device maker on Thursday accepted a takeover bid of $11.4 billion from a private equity consortium.
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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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European Union ambassadors approved a last-minute deal clinched on Friday with the United States on the transfer of personal data on transatlantic air passengers to U.S. authorities to help combat terrorism, an EU presidency spokesman said.
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Microsoft agrees to comply with the European Commission's anti-monopoly ruling against it.
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The EU and US take a large step towards a deal that will open the airline industry to greater competition.
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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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The European Commission said it had approved the acquisition by Spain's Repsol YSF of most of the Portuguese products and businesses belonging to Anglo-Dutch oil giant Shell.
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Nortel hands over current-generation systems to a European rival.