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Cisco buys BroadSoft for $1.71 billion in software push


Cisco Systems Inc will buy software company BroadSoft Inc for $1.71 billion, it said on Monday, in a deal that boosts Cisco's collaboration tools and helps the company diversify its offerings away from switching and routing. | Video


Toshiba says considering measures in case chip unit sale uncompleted by March 4:12am BST

Chiba, JAPAN Toshiba Corp is considering various measures in case it will not be able to complete the $18 billion sale of its prized chip unit by the end of March, its chief executive said on Tuesday.


China Sinochem to re-evaluate oil business, expand fine chemicals: chairman 4:57am BST

BEIJING China's Sinochem Group is reviewing its struggling oil exploration business and plans expansions into material and life sciences over the next decade in major strategy shift, the chairman of the state-run conglomerate said.


AT&T extends deadline to close Time Warner deal 23 Oct 2017

AT&T Inc said on Monday it had extended by a "short period" the deadline to close its proposed deal to acquire Time Warner Inc , to buy time to get the required regulatory approvals for the deal.

Hess Corp to sell its interests in offshore Equatorial Guinea 23 Oct 2017

Oil producer Hess Corp said on Monday it would sell its interests in offshore Equatorial Guinea to Kosmos Energy and Trident Energy for $650 million.


Brazilian phone carrier Oi suffers two setbacks in debt restructuring 3:02am BST

SAO PAULO Brazilian phone carrier Oi SA faced two setbacks from the government on Monday in its efforts to pull off the country's biggest-ever in-court debt restructuring.

China's Sinochem says no plans to bid for stake in Chilean lithium producer SQM 3:34am BST

BEIJING China's state-owned Sinochem Group on Tuesday appeared to deny a media report that it was bidding for a stake in Chilean lithium producer SQM being sold by Canada's PotashCorp.

Insurer Hartford to buy Aetna's U.S. life, disability business for $1.45 billion 23 Oct 2017

Hartford Financial Services Group Inc said on Monday it would buy health insurer Aetna Inc's U.S. group life and disability business for $1.45 billion cash in a move that will expand its insurance portfolio and spur its digital technology plans.

Lam Research CFO says done with major M&A 23 Oct 2017

Last year's failed $10 billion bid for KLA-Tencor Corp likely marks the end of efforts at any major acquisitions by Lam Research Corp and other booming producers of equipment for chipmakers, Lam's chief financial officer has told Reuters.

Australia's Nufarm to buy European crop protection portfolio for $490 milliom 1:31am BST

Agricultural chemicals maker Nufarm Ltd said it would buy a range of European crop protection product lines for $490 million to strengthen its position in Europe where it generates its highest crop protection margins.