Apple senior vice president of retail operations, Ron Johnson, recently exercised options for and then sold 700,000 shares of common stock worth approximately $130 million.
According to regulatory filings with the Securities and Exchange Commission, Johnson exercised the 700,000 options at $23.72 apiece on Friday, October 26 — the same day Apple launched its Mac OS […]

Nokia (NYSE: NOK) will pay $8.1 billion to acquire location and mapping company Navteq in a bold move that snatches the Chicago company from under the nose of Nokia’s handset competitor Motorola.
The cash acquisition was announced Monday. Navteq is a leader in electronic mapping and in-vehicle navigation. In its recent second-quarter results, Navteq reported revenue […]

Virgin Mobile US is planning to raise $375 million (£186 million) in new funds from its upcoming float on Wall Street, it emerged in a regulatory filing last night.
The company is a joint venture between Sprint Nextel, the US telecoms giant, and the Virgin group. Both parties hold a 47 per cent share in the […]

The $8 billion buyout of audio-equipment maker Harman International Industries collapsed yesterday, the first major private-equity deal to unravel since the current credit turmoil began and a sobering sign for other big takeovers in the works.
Harman, said its would-be buyers, Kohlberg Kravis Roberts and Goldman Sachs, accused it of breaching a clause in the contract, […]