Royal & Sun says selling U.S. operation
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UK general insurer Royal & Sun Alliance   Insurance Group Plc RSA.L said on Thursday it was selling its   U.S. arm to Arrowpoint Capital, providing the company with a   long-awaited exit from its U.S. unit.
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The gas and electric company Dominion Resources said that it would sell some of its operations in the United States for a combined $6.5 billion.
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(InfoWorld) - A U.K. company that has made a business out of selling preowned licenses for Microsoft Corp. products has brought its products to the U.S. for the first time. Disclic recently closed its first deal selling licenses it procured from companies going out of business in the U.K. to a company in the U.S., said Noel Unwin, a director of Discount-licensing.com, the Web site and trading arm of the company that sells the licenses. Discount-licensing.com sold licenses for Microsoft Office it obtained from two companies that divested their property in the U.K. -- Food Brokers and Quidnunc -- to WaferTech LLC, a U.S. semiconductor manufacturer, he said. Discount-licensing.com also recently made its first deal selling licenses it procured from a U.S. company to companies in the U.K., Unwin added. Discount-Licensing.com sold preowned licenses from an insolvent U.S.company, Cornell Trading Inc., to U.K. businesses in September and October. The U.K. businesses that purchased former Cornell Trading licenses were Benefit 2 Business, which purchase licenses for Exchange 2003; Abnormal Loads, which purchased licenses for Terminal Server 2003 CALs; 3D Computer Systems, which purchased licenses for Exchange, Windows and Terminal Server 2003 CALs; and Orange IS, which purchased Office 2003 Professional licenses. Unwin said his company did not sell preowned licenses in the U.S. until recently because it believed there would be license restrictions in reselling licenses from one region to another. Discount-licensing.com worked with Microsoft to ensure this was not the case before selling its licenses, he said. Microsoft could not be reached for comment through its public relations firm on Wednesday. But the company has acknowledged in the past it is legal to transfer product licenses for software owned by companies that are divesting. Disclic has built its Discount-licensing.com business since November 2005, gathering up Microsoft product licenses from insolvent companies and distributing them through its Web site. The company recently updated its site with comprehensive product search and ordering features, so customers can do their entire transactions online. Customers can access Discount-licensing.com's product search feature here Unwin said prices for U.S. customers are generally 15 percent less expensive than prices for U.K. customers. The company sells preowned licenses for about 35 percent to 40 percent cheaper than the original cost of the license. Because of these discounts, software resellers have been purchasing software from Discount-licensing.com to sell to their customers so they can make higher margins, Unwin added. Discount-licensing.com has added several hundred new customers so far in 2006, in addition to repeat customers. The most popular licenses the company sells are for Office XP, Unwin said. Other product licenses that do well include the SQL Server database and Exchange 2003 messaging server.
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Delaware gave conditional approval to the proposed buyout and eventual dissolution of the Royal and SunAlliance Insurance Groupâs operations in the United States.
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Dubai Ports World agrees to sell its six US ports to an American firm after politicians voiced fears over security.
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LONDON  - British insurer Royal &amp; SunAlliance said Monday it plans to transfer more than 1,100 jobs to India over the next few years in a bid to cut costs.
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British insurer Royal &amp; SunAlliance said Monday it plans to transfer more than 1,100 jobs to India over the next few years in a bid to cut costs.
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Insurer Royal and Sun Alliance became the latest high-profile British firm to announce a mass transfer of jobs to India, saying it plans to move 1,100 positions there by 2006, saving the group 10 million pounds annually (14.5 million euros, 18.0 million dollars).
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Global food retailer Royal Ahold NV said Thursday it will sell two of its U.S. grocery chains, BI-LO and Bruno's, to Dallas-based Lone Star Funds for &#36;560 million in cash.
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(InfoWorld) - Expanding its U.S. turf, T-Mobile USA announced Monday that it will buy SunCom Wireless Holdings for $2.4 billion in cash and assumed debt. T-Mobile, a subsidiary of Deutsche Telekom, will make a cash payment of about $1.6 billion for SunCom, which operates wireless networks in the southeastern U.S. and Caribbean. The acquisition will improve T-Mobile's network coverage in North Carolina, South Carolina, Tennessee, Georgia, Puerto Rico, and the U.S. Virgin Islands, T-Mobile said in a news release. SunCom has provided roaming service to T-Mobile in these areas since 2004. It operates a network that includes GSM (Global System for Mobile Communications), GPRS (General Packet Radio Service) and EDGE (Enhanced Data Rates for GSM Evolution). T-Mobile expects to fully integrate SunCom's network into its own, the company said in a news release. T-Mobile, the fourth largest wireless carrier in the U.S., has had limited coverage in parts of the southeastern U.S. The SunCom acquisition allows T-Mobile to continue its strategy to "grow abroad with mobile," RenÃ© Obermann, chairman of Deutsche Telekom's board, said in a statement. The acquisition is subject to governmental and regulatory approvals as well as approval by SunCom shareholders. The companies expect the deal to close in the first half of 2008. At the end of the second quarter of 2007, SunCom had more than 1.1 million customers, up by more than 105,000 customers from a year earlier. Its revenue for the quarter was $242.5 million, up from $206.7 million a year earlier. The agreement, approved by the boards of both companies, will give holders of SunCom common stock $27 per share in cash. The $27 per share purchase price represents a premium of 22.7 percent over the closing price of SunCom common stock on the New York Stock Exchange Friday.
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A Dubai-owned company will accept final bids within two weeks for the sale of all $700 million worth of its U.S. port operations to an American buyer, a plan forced by concerns over terrorism security.
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The real estate arm of Sun Health has sold off 10 medical office buildings totaling more than $46 million. This move follows a national trend for hospital systems to divest themselves of
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Sun Microsystems, the large U.S. seller of open-source software, said it would buy MySQL, the world leader in open-source database software, for $1 billion.
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BRITISH insurance company Royal &amp; Sun Alliance plans to transfer more than 1,100 jobs to India in a bid to cut costs. The company, Britain&#39;s second-largest general insurer, said it expected to save around
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Johnson & Johnson  said on Monday it believed that non-U.S. subsidiaries had made improper payments in connection with the sale of medical devices in two small-market countries, and said its worldwide chairman of medical devices and diagnostics had retired.
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The company said it will close its business in Britain that issues home loans and significantly scale back its mortgage business in the United States.
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United Airlines said yesterday that it might sell all or part of its maintenance operations to outside investors to raise cash to modernize and expand the unit.