IBM seeks buyer for Global Network; data operation could fetch $4 billion
Article Abstract:
International Business Machines Corp. (IBM) is offering to sell its Global Network operations. The sale of Global Network could raise as much as $3 billion to $4 billion. Merrill Lynch & Co. has been commissioned to auction the network. Global Network emanated from a telephone system that connected the firm's scattered outposts. Global Network transmits corporate data for approximately 30,000 customer facilities in 900 cities around the world.
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Offering to sell its Global Network operations
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1998
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Beijing seeks to quash rumors of a dollar selloff: U.S. holdings called "important" to China in official rebuttal
Article Abstract:
The People's Bank of China has announced that it does not plan to launch a large selloff of its U.S. dollar holdings, stating that they are a key component of the nation's foreign-reserve investments. China's total foreign-reserve investments are currently valued at $1.3 trillion.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2007
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SFX seeks lift in new name
Article Abstract:
SFX Entertainment Inc. will assume the name of its parent firm, Clear Channel Communications Inc. The move is an attempt by SFX to enhance its profile.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2001
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