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Carl Icahn Drops Withdrawal Clinger On OShkosh (OSK) Offer

Carl Icahn, a well known activist investor has dropped the clinger on the offer he made to Oshkosh Corp. (NYSE:OSK) regarding a potential takeover. I cahn had offered to buy shares of the special vehicles company, but has now hinted that he would drop the offer should the shareholders of the company tender less than  25 percent of the … Continue reading

Apple iOS Ragains Top Spot in U.S Smartphone Sales

The U.S smartphones market has been dominated by Google (NASDAQ: GOOG) Android O.S platform over the recent past. However, according to the latest statistics, Apple (NASDAQ:AAPL) has retaken the lead following the launch of its new generation of iPhones, dubbed iPhone 5. Kantar Worldpanel ComTech believes that Apple’s journey back to the top has been propelled by iPhone sales, with statistics indicating … Continue reading

Alcatel-Lucent SA (NYSE:ALU) In Talks With Goldman Sachs Over Asset-Backed Loan

Alcatel-Lucent (NYSE:ALU) is in talks with Goldman Sachs (NYSE:GS) over a possible asset-backed loan, according to reports Bloomberg. The French Mobile telecommunications company reported Q3 earnings results that beat analysts estimates but exhibited signs of financial distress.It is not a surprise that Alcatel-Lucent is thinking of additional funding after posting an overdraft of EUR 84 … Continue reading

Apple Must Disclose HTC Deal in Samsung Patent Lawsuit

 Apple Inc. (NASDAQ:AAPL) has been ordered by a U.S judge to disclose to Samsung Electronics the details of its patent settlement with HTC Corporation. US Magistrate Judge Paul Grewal accepted Samsung’s motion and ordered Apple to produce documents for “attorney-eyes-only”, reported Wall Street Journal. Apple Inc. (NASDAQ:AAPL) signed a 10-year agreement with HTC Corporation, which … Continue reading

China Mobile Surpasses 700mn User Base

Chinese telecommunications giant, China Mobile, has surpassed the 700 million customer milestone. The state owned telecoms company grew its customer base by just under five million customers in October, after reporting 4.96 million new customers. The company now has a total of 703.47 million customers, nearly half of the country’s total population. More than 11% … Continue reading

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