restructuring - News, Features, and Slideshows

News

• Courts OK Apple group's $4.5B Nortel patent buyout

  U.S. and Canadian courts have approved the sale of thousands of patents from bankrupt Nortel Networks to a consortium including Apple and Microsoft for about US$4.5 billion.

• GoConnect moves on Undercover restructure

  IPTV company GoConnect (ASX:GCN) will arrange to turn unit Cashmere Media into an outsourced content provider to its Undercover music content division

• Vodafone buying out Indian partner in mobile joint venture

  Vodafone ended on Friday a fractious relationship with its Indian joint venture partner, Essar Group, but will end up paying more than earlier planned for the partner's 33 percent stake in the mobile joint venture, Vodafone Essar.

• Apple, Microsoft consortium beats Google for Nortel patents

  Nortel Networks has auctioned off its remaining patents and patent applications to a consortium of key technology companies for a cash purchase price of US$4.5 billion.

• News Corp. unloads MySpace

  MySpace, which dominated the social-networking market in the mid-2000s before Facebook eclipsed it, has been sold by its parent company News Corp. to digital media company Specific Media.

• MobileActive to shift focus to B2B division

  MobileActive plans to change its emphasis to B2B interactive services and technology, phasing out its margin-pressured retail business over time

• GoConnect to cut jobs in restructuring

  IPTV company GoConnect (ASX:GCN) will restructure its Undercover business, aiming to reduce staff and costs without disrupting production

• Skype executives depart after Microsoft buyout

  Eight Skype executives have departed the company following Microsoft's $8.5 billion buyout in May, a Skype spokeswoman confirmed on Monday.

• 100 years of IBM: Milestones

  IBM is celebrating the 100th anniversary of its founding Thursday. Led by American capitalist icons Thomas J. Watson, Sr. and Thomas J. Watson, Jr. until the 1970s, the company grew from a pre-World War I conglomeration of companies making tabulating machines and time-keeping devices into a globe-spanning technology behemoth that pioneered the development of electronic computers and dominated the mainframe era.

• China's Alibaba restructures online retailer Taobao

  Taobao, China's largest online retailer, has split into three separate companies to better address its target markets, parent company Alibaba Group said Thursday.

• Sprint gives up majority vote at Clearwire

  Sprint Nextel has given up its majority voting power at Clearwire to defuse investors' concerns about the danger to Sprint if Clearwire defaulted on its debt.

• Cisco profit fell 11 percent in third quarter

  Cisco Systems' revenue for its fiscal third quarter grew less than 5 percent from a year earlier, while its earnings per share fell 11 percent, the company reported on Wednesday.

• Cisco restructures, streamlines operations

  Responding to criticism of its management structure after consecutive quarters of uninspiring performance, Cisco this week restructured operations in an effort to streamline sales and engineering in five key product areas.

• Cisco's 3 biggest weaknesses

  Cisco has stumbled, realized it needed to change course and has begun to make those changes. This week's management and business unit restructuring is the most recent change.

• US court approves Google's $900M bid for Nortel patents

  Nortel Networks has obtained court approval to accept a US$900 million bid from Google for the entirety of its remaining patent portfolio, it said Monday.