IBM seeks buyer for Global Network; data operation could fetch $4 billion

Article Abstract:

International Business Machines Corp. (IBM) is offering to sell its Global Network operations. The sale of Global Network could raise as much as $3 billion to $4 billion. Merrill Lynch & Co. has been commissioned to auction the network. Global Network emanated from a telephone system that connected the firm's scattered outposts. Global Network transmits corporate data for approximately 30,000 customer facilities in 900 cities around the world.

Comment:

Offering to sell its Global Network operations

Strategy & planning, Office & Computing Machines, Office equipment, International Business Machines Corp., Article

Beijing seeks to quash rumors of a dollar selloff: U.S. holdings called "important" to China in official rebuttal

Article Abstract:

The People's Bank of China has announced that it does not plan to launch a large selloff of its U.S. dollar holdings, stating that they are a key component of the nation's foreign-reserve investments. China's total foreign-reserve investments are currently valued at $1.3 trillion.

China, Management dynamics, Management, Dollar (United States), Company business management, Foreign exchange reserves, China. People's Bank of China

SFX seeks lift in new name

Article Abstract:

SFX Entertainment Inc. will assume the name of its parent firm, Clear Channel Communications Inc. The move is an attempt by SFX to enhance its profile.

Entertainers & entertainment groups, Organizational nomenclature, Musical Artists & Producers, Musical Groups and Artists, Entertainment industry, Music industry, Names, Clear Channel Communications Inc., CCU, Clear Channel Entertainment Inc.