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Tag: sell
ST-Ericsson to sell GNSS Business to Intel
2013-05-28 10:45:00| Telecompaper Headlines
(Telecompaper) ST-Ericsson, a joint venture of STMicroelectronics and Ericsson, announced that it has signed a definitive agreement to sell the assets and intellectual property rights (IPR) associated with its mobile connectivity Global Navigation Satellite System (GNSS) business to an unnamed semiconductor company. Intel later confirmed that it was the buyer, according to Reuters. In addition to the assets and IPR associated with this business, a team of 130 industry veterans located in Daventry (UK), Bangalore (India) and Singapore are anticipated to join the buyer at closing of the transaction. The closing of the transaction is subject to regulatory approvals and standard conditions and is expected to be completed in August this year. ST-Ericsson estimates the proceeds from the sale, combined with the avoidance of employee restructuring charges and other related restructuring costs, will reduce the joint venture's cash needs by approximately USD 90 million.
Tags: business
sell
intel
gnss
Portland real estate agents seek homes to sell
2013-05-27 02:00:15| Real Estate - Topix.net
The stock of Portland-area homes on the market is at a historic low and some real estate agents aren't waiting for homeowners to decide to move.
Tags: real
estate
sell
real estate
RosTelecom could sell 4.64% of treasury shares. [IntelliNews - Weekly Reports]
2013-05-26 19:12:40| Telecom - Topix.net
Russian long-distance operator RosTelecom might sell 4.64% of its ordinary shares held as treasury stock in order to decrease the debt burden, Reuters reports citing the head of the company Sergei Kalugin.
Tags: sell
reports
weekly
shares
Second-hand car dealers sell off most of their stock; dip in supply expected
2013-05-25 05:17:58| Auto Dealers - Topix.net
Second-hand car dealers have managed to sell most of the cars in their inventory after a two-month reprieve from the authorities.
Walmart to sell frozen Fatburger patties
2013-05-25 01:04:35| Real Estate - Topix.net
Fatburger, a chain with a devoted following on the West Coast, said Friday it will sell its branded frozen beef patties in Walmart stores nationwide.
Tags: sell
frozen
walmart
patties
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