Oslo Business News

The auto giant is looking at buying the 17 per cent stake from private equity firm Actis, according to the Economic Times business daily, citing people familiar with the matter. Actis owns a 7.7 per cent direct stake in Swaraj...

But I didn't see this particular $3 billion acquisition coming. The latest addition to Cisco's stable of acquired businesses is Norwegian teleconference expert Tandberg ...The Tandberg that Cisco is buying doesn't do TV infrastructure, but is a market leader in...

Employees who are sent home because of swine flu or another contagious illness would get five paid sick days under a bill introduced today by U.S. Representatives George Miller and Lynn Woolsey, both Democrats from California. With employers directing sick...

US giant Cisco, the world's largest maker of network equipment, said its expertise would improve Tandberg's service and boost its popularity. Tandberg's board has recommended that its shareholders back the deal, which Cisco hopes to conclude in early 2010.

A former Iraqi ambassador to the United Nations expressed shock that a U.S. consultant to the Kurds may earn more than $100 million from an Iraqi oil deal. Peter Galbraith, a former U.S. ambassador to Croatia, who advocated on behalf...

Like that old gray mare the kids keep talking about, fuel economy standards ain't what they used to be. We've seen this recently with General Motors' announcement of a 230 mpg rating for the Chevrolet Volt. We've also seen it...

I've been telling you that Cisco needs to stand firm on the pricing of its acquisitions. Bending over to please one group of disgruntled and/or greedy shareholders could pave the way to tougher buyout negotiations in the future. A "final...

Cisco Systems upped its offer for Tandberg on Monday to 170 Norwegian kroner a share, or 19 billion kroner ($3.4 billion) in total. Cisco will also increase the interest payable on the new offer price to 3.0% per annum. Cisco's...

The original buyout offer , which puts a value of $3.1 billion on Tandberg, was set to expire yesterday. Cisco extended the deadline until November 18 but did not change the offer in any other way, which could be troubling...