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Category News

British Concorde successor on brink of collapse

Reaction Engines poised to appoint administrators after rescue talks fail A British aviation company billed as a successor to Concorde has collapsed into administration after last-ditch attempts to secure a rescue deal fell through. Reaction Engines, which is developing a…

Ericsson Reaches Deal to Sell US Firm to Koch Unit

Swedish telecom-equipment maker Ericsson AB reached a $1 billion deal to sell its US call-routing business Iconectiv to a private investment arm of Koch Inc. Ericsson expects to get about 10.6 billion kronor in cash after taxes, transaction expenses and…

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