US government clears Alcatel-Lucent deal
611970
U.S. President George Bush has accepted a recommendation that he not suspend or prohibit the plannedÂ merger of Alcatel and Lucent TechnologiesÂ on security grounds after an agency that oversees foreign investment said the deal should be allowed, apparently clearing it to go forward.ADVERTISEMENTNEW IT SERVICES FROM IBM: EASIER TO BUY AND IMPLEMENTDiscover a simpler, more cost-effective way to get the solutions your company needs to grow more flexible and efficient.
117689
Echoing the Justice Department&#39;s consent Monday, the Federal Communications Commission Tuesday granted approval of the $41 billion buyout under the condition that Cingular divest itself of some network assets.
287249
Shareholders at Alcatel CGEP.PA and   Lucent Technologies Inc. LU.N on Thursday separately voted in   favor of a merger under which the French telecoms equipment   firm buys its U.S. rival in a $10.9 billion deal.
538432
European Union antitrust regulators cleared Oracle Corp.&#39;s hostile $7.7 billion bid for rival business software maker PeopleSoft Inc.
703440
Alcatel-Lucent has agreed to pay $2.5 million in fines to resolve allegations that it provided Chinese government officials with free trips to Disneyland and other tourist attractions.The company has to pay $1 million to resolve U.S. Department of Justice charges that it violated the Foreign Corrupt Practices Act (FCPA) when providing travel and other perks to Chinese government officials, the DOJ said Friday. The company also agreed to pay a $1.5 million civil fine to the U.S. Securities and Exchange Commission.The agreement with the DOJ wraps up a multiyear investigation into whether Lucent, before its November 2006 merger with Alcatel, provided things of value to the Chinese officials and improperly accounted for the expenses.The company cooperated fully with the DOJ and SEC investigations, an Alcatel-Lucent spokeswoman said. The company is &quot;glad to put the matter behind us&quot; and looks forward to successful business dealings in China in the future, she said.From about 2000 to 2003, Lucent spent millions of dollars on more than 300 trips for Chinese government officials that included sightseeing, entertainment and leisure, the DOJ said. The trips were approved by senior Lucent Chinese officials, with the support of Lucent employees in the U.S.Lucent improperly recorded expenses for these trips and failed to implement internal controls to monitor the provision of travel and other things of value to Chinese officials, the DOJ said in a press release.In 2002 and 2003, there were 24 Lucent-sponsored trips for Chinese government customers, and at least 12 trips were primarily for sightseeing, the DOJ said. The people participating in these trips were senior government officials, including the heads of state-owned telecommunications companies in Beijing and the leaders of provincial telecommunications subsidiaries.Between 2000 and 2003, Lucent provided Chinese government officials with trips to the U.S., Europe, Australia and elsewhere that were often characterized as &quot;factory inspections&quot; or &quot;training,&quot; the DOJ said. By 2001, Lucent had outsourced most of its manufacturing and no longer owned factories for its customers to tour. These trips were primarily sightseeing tours to locations such as Disneyland, Universal Studios and the Grand Canyon, and typically lasted 14 days and cost between $25,000 and $55,000 per trip, the DOJ said.Lucent admits to all of this conduct in the agreement announced on Friday. The agreement also requires Lucent to adopt new or modify existing internal controls, policies and procedures. Those internal controls must ensure that Lucent keeps fair and accurate books, the DOJ said. The agency has agreed not to prosecute Lucent if it complies with all of the requirements in the agreement over a two-year term.
4012
Following approval from two U.S. government agencies, Cingular Wireless LLC has completed the $41 billion acquisition of AT&T Wireless Services Inc., creating the nation's largest wireless carrier.
430697
The US Federal Communications Commission (FCC) has cleared the way for power companies to roll out broadband over power line service by approving a set of rules designed to limit interference to other radio frequency devices.
461532
Cingular Wireless Corp. announced it had completed a 41-billion-dollar takeover of AT and T Wireless after winning final clearance from US regulators.
251992
The deal with Verizon, which requires approval of the FCC, the US Bankruptcy Court and antitrust regulators at the US Justice Department, comes after a settlement reached in April resolving all disputes between the company and the FCC, the main creditor
653642
Communications regulators said on  Thursday they had approved the buyout of radio operator Clear  Channel Communications Inc by two private equity firms.
181896
Communications regulators have  cleared Google Inc  to bid in an upcoming auction of  coveted wireless airwaves, according to auction documents  released by the Federal Communications Commission on Monday.
604797
PARIS/NEW YORK  - Alcatel CGEP.PA and Lucent   LU.N on Thursday moved closer to tying the knot after their   shareholders backed the French telecoms equipment group's $10.9   billion all-share acquisition of its U.S. rival.
714410
Federal regulators approved the $41 billion purchase of AT&amp;T Wireless by Cingular Wireless, a crucial step in a merger that will create the nation&#39;s largest cellphone company.
430695
US regulators approve documents relating to Google's flotation, clearing the way for its market debut.
247751
Federal communications regulators cleared the way for Verizon Communications to sell its phone lines in three New England states for $2.7 billion to FairPoint Communications.
217729
European Union regulators cleared on Tuesday an agreement by Telecom Italia SpA to buy AOL's German access business, saying the combined company still would face formidable competition.
357242
Nextel Communications Inc. and Verizon Wireless are settling all legal disputes between them, removing a key challenge to a federal decision to clear up interference between cell phones and emergency response