Sprint seeks majority control of Clearwire (Update)

(AP)—Flush with the promise of cash from a Japanese investor, Sprint Nextel Corp. on Thursday said that it wants to buy out the founder of Clearwire Corp. to gain majority control of the wireless network operator.

SKorea's Ticket Monster acquires Malaysian site

(AP) -- Fast-growing South Korean daily deal website Ticket Monster has acquired a Malaysian company in the first move of its expansion to other countries in Asia.

Telefonica deal to buy Brazil's Vivo falls apart

(AP) -- Spanish telecommunications giant Telefonica on Saturday pulled out of negotiations to acquire a euro7.15 billion ($9.3 billion) stake in Brazil's leading cell phone company Vivo.

Renault wants joint holding with Nissan: media

French car maker Renault wants to create a common holding company with its Japanese partner Nissan that will own 100 percent of both auto manufacturers, the business daily Nikkei reported Friday.

Oil-rich Norway may divest from fossil fuels

Oil-rich Norway said Friday in an ironic twist that it would consider pulling its enormous state oil fund out of overseas investments in fossil fuels.

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