Business News Track articles

HP and 3Com Corporation (NASDAQ: COMS) (“3Com”) announced that they have entered into a definitive agreement under which HP will purchase 3Com, a leading provider of networking switching, routing and security solutions, at a price of $7.90 per share in cash or an enterprise value of approximately $2.7 billion.
 
The terms of the transaction have been [...]

The international economic crisis, climate change and food security were the issues on which the G8 leaders focused in the first day’s proceedings at the L’Aquila Summit.
 
The Group of Eight (G8, and formerly the G6 or Group of Six) is a forum, created by France in 1975, for governments of eight nations of the northern [...]

The U.S. Treasury proposal provides incentives for GM’s unsecured bondholders to support GM’s restructuring efforts in the event GM decides to pursue a 363 sale as part of a bankruptcy proceeding.
 
Implementation of this proposal would result in a New GM with a healthy balance sheet, putting the new company on a clear path toward long-term [...]

The booking of the Tata Nano is open from April 9 and will continue up to the end of day on April 25, 2009. Tata Motors has entered into agreements with 18 preferred banks / NBFCs to enable prospective customers to get finance and facilitate booking of the car.
 
The sale of application forms has already [...]

The Restaurant Association of Maryland awarded Sodexo with the McCormick Cornerstone Award at its annual meeting in Baltimore. The award recognized the company for creating jobs, purchasing local goods and its overall support for the state of Maryland.
 
Sodexo was recognized for its contributions to and in Maryland, including:
 
2,950 Maryland residents are employed by Sodexo.
 
The company [...]

Roche (SWX: ROG.VX; RO.S, OTCQX: RHHBY) announced that its wholly-owned subsidiary, Roche Investments USA Inc., completed its tender offer for the publicly held shares of Genentech (NYSE: DNA).
 
The offer expired at midnight, New York City time, at the end of Wednesday, March 25.
 
A total of approximately 395.7 million shares of Genentech common stock were tendered [...]