Archived; click post to view.
Excerpt: Motorola has found a buyer for its wireless network equipment unit: Nokia Siemens Networks will pay US$1.2 billion for most of that business, the companies announced Monday. The acquisition will bring Nokia Siemens around 50 new customers. The two wireless infrastructure vendors have few customers in common, although those they do are large ones such as China Mobile, Vodafone, Verizon Wireless, Sprint and Clearwire. Motorola co-CEO Greg Brown said in a statement that he chatted with a few potential buyers but Nokia Siemens made the most sense financially, strategically and from a people and culture standpoint.”We talked to a few…
Goes
Archived; click post to view.
Excerpt: As the banking industry continued to hemorrhage in 2008, 25 U.S. banks failed. Among them were Washington Mutual and IndyMac, the first- and third-largest bank failures in U.S. history, respectively, but there were also scores of smaller regional banks throughout the nation. According to the American Bankers Association, 98% of the nation’s 8,500 banks are considered well capitalized, making the chance of any one bank going bankrupt highly unlikely. Still, bank failures increased markedly in 2008 and will likely continue in 2009 under current economic stresses. Most U.S. banks are insured by the Federal Deposit Insurance Corporation (FDIC), so in…
