Microsoft announces first major deal since Yahoo! failure
Microsoft has today, August 29, announced its first major deal since failing to buy Yahoo Inc, agreeing to acquire web-based survey company Greenfield Online Inc for around US$486 million.
Caterpillar: China sales will remain strong
Caterpillar Inc Chairman Jim Owens expects weakness in rich-country economies to persist into 2009 but believes its sales in China will remain strong.
KKR leads race for key Lehman Brothers business
Kohlberg Kravis Roberts, the private equity group, has emerged as the favourite in the bid for Lehman’s asset management business.
HP closes EDS purchase
The global computer and printer marker has confirmed it has closed the US$13.9 billion purchase of Electronic Data Systems Corp.
Credit crunch to last two more years?
Temasek, Singapore's US$130 billion sovereign wealth fund, has predicted the global credit crunch will last two more years.