The Royal Bank of Scotland Group PLC informed on Tuesday that joint-venture commodities unit RBS Sempra Commodities has decided to sell off its metals, oil and European energy businesses to J. P. Morgan Chase Co., an investment bank for $1.7 billion. RBS, almost 84% owned by British Government, said that it will get 47% of the sale price with a very less gain on the deal.

Official reports have confirmed that the giant US telecommunications services provider AT&T has selected Ericsson and Alcatel-Lucent to join hands and effectively build its new LTE high-speed wireless technology network, marking a major order for both the operators.

Xerox Corp. Chief Executive Officer Ursula Burns revealed that her company will be proceeding with acquisitions, but not as large as the $5.6 billion acquisition of business process outsourcing firm Affiliated Computer Services Inc. that closed on Friday.

Books printed by Macmillan (a unit of Germany's Verlagsgruppe Georg von Holtzbrinck GmbH) went back on sale on Amazon's Web site putting an end to the week long dispute between Amazon. com and Macmillan regarding e-book pricing. Amazon. com wasn’t offering print or digital versions of Macmillan books for sale.

The deal to purchase Ford Motor's Volvo division is just about to reach its closure, and once Li Shufu, head of China's Zhejiang Geely Holding Group, has closed the $2 Billion deal, the popular and safety conscious brand from Sweden might replace the Audi A6 as the Chinese state officials' preferred car.

Monster Worldwide Inc. announced on Wednesday that it will acquire Yahoo Inc's HotJobs site for $225 million in cash, citing an improving job market.

News Corp. announced on Saturday that it had hit a 500-million-dollar settlement deal over lawsuits filed by Valassis Communications Inc. 

A federal case filed by Valassis Communications Inc against News Corp.’s News America Marketing unit had been scheduled to open in Michigan on Tuesday.

It seems that Oracle wants to be more like IBM, that too the IBM of the 1960s.

On Wednesday, Apple put an end to a very long and eager wait and unveiled its tablet device, under the name iPad, and apart from some notable exceptions, the print world has, overall, welcomed the device with open arms.

Oracle is speculated to extend assurances that it will continue to invest in all of Sun Microsystems's main server platforms, with a view to convince Sun customers that they should stick with those products as the giant works to resuscitate itself as a systems and software company.