Business News

Microsoft close to naming CEO, Ford’s Mulally stays put

Microsoft Corp (MSFT) is closer to naming a new chief executive, according to a source familiar with the board’s thinking, but it lost a front-runner candidate on Tuesday when Ford Motor Co’s (NYS:F) chief, Alan Mulally, said he would not be going to the software giant. Mulally’s comments reignited the […]

T-Mobile to buy Verizon spectrum for $3.3 billion, eyes more purchases

T-Mobile US Inc (TMUS.N) is buying wireless airwave licenses from Verizon Wireless to improve its high-speed network in a $3.3 billion deal and said it hopes to follow up with more spectrum purchases. Shares in T-Mobile, majority owned by Deutsche Telekom (DTEGn.DE), rose 2.5 percent on Monday after the company […]

Fiat shares jump on Chrysler merger deal

Fiat’s $4.35 billion deal to gain full control of Chrysler Group LLC sent its shares to a near 2-1/2-year high on Thursday, despite doubts over whether the Italian carmaker could use the merger to cut losses in Europe. Investors welcomed the deal struck by Chief Executive Sergio Marchionne, under which […]