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UK budget airline Flybe snubs counter-bid

Ailing no-frills British airline Flybe on Wednesday rejected a counterbid and repeated its backing for a takeover from a consortium led by Britain's Virgin Atlantic.

Nobel Peace Prize to be announced in Oslo

(AP)—After vetting candidates for seven months, the Norwegian judges for the Nobel Peace Prize will reveal the winner of the coveted award on Friday, capping a week of Nobel Prize announcements.

CenturyLink buys Level 3 in big telecom tie-up

US telecom group CenturyLink announced Monday it was acquiring Level 3 Communications for $34 billion including debt, boosting its position as a global internet and fiber communications provider.

Facebook stock offer rumors renewed

The Internet on Monday buzzed anew with talk that Facebook is poised to go public after the Wall Street Journal reported the social networking giant could issue stock as early as April.

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