BNAT102707
On the homepage
Nightlife
Out There
Table Talk
Music
National business briefs
Print this story
E-mail this story
Save to del.icio.us
Share on Facebook
Share on Digg
Minnesota business by the numbers
See Minnesota's top earning companies, CEOs and non-profits
More from Business
BEA again spurns takeover bid from Oracle
Business software maker BEA Systems Inc. signaled its intent to let Oracle Corporation's $6.7 billion takeover bid expire on Sunday, setting the stage for a showdown with its largest shareholder, billionaire investor Carl Icahn. After BEA's latest dismissal of Oracle's bid Friday, Icahn accused the company's board of trying to derail a possible sale and threatened to lead a shareholder rebellion unless the directors of BEA changed their ways. BEA says it's willing to sell for $21 per share, or about $8.2 billion -- a price that Oracle deemed "impossibly high."
New version of Mac operating system on sale
Apple's delayed update to its Mac OS X operating system went on sale Friday as Apple hopes to capitalize on rising sales of Macintosh computers to complement consumers' iPods and iPhones. Dubbed "Leopard" and technically called Mac OS X version 10.5, the upgrade offers improvements to an operating system that already was widely praised for its ease of use and slick interface. Leopard was originally due in June, but Apple said it needed to divert resources to accomplish the summer launch of the much-anticipated iPhone and would delay Leopard to do that.
FCC signs off on private buyout of Alltel
The Federal Communications Commission approved a $24.7 billion buyout of Alltel Corp., the nation's fifth-largest wireless carrier, to a private investment group. The agency approved the transfer of licenses held by Alltel to Atlantis Holdings, a holding company consisting of TPG Capital, formerly Texas Pacific Group, and GS Capital Partners, a subsidiary of Goldman Sachs. Alltel shareholders will receive $71.50 per share in cash, according to the terms of the deal. The company said Friday night that it expects the transaction to close by Thanksgiving Day, Nov. 22.
- Twin Cities advisers accused of fraud, mismanagement
- Supervalu CEO clears space on executive shelf
- Smith & Hawken to close its doors in Edina
- Jobless claims indicate economy remains weak
- Newspaper intervenes in Petters case
- Parents have bad-guy ally to turn off video games
- Google's operating system escalates Microsoft duel
Blog: Patent Pending
Bits of other stuff
AbbeyMoor Medical of Parkers Prairie has received pre-market approval from the Food and Drug Administration to sell “The Spanner,” a stent that treats men suffering from urinary problems because of a blocked prostate. Catchy name for a stent. Very vivid imagery. TST Media, a Minneapolis-based software company that specializes in Websites for amateur sport teams, said it [...]
Comment on this story | Be the first to comment | Hide reader comments