Ciena offers $521 million for Nortel business units, path open to higher bidsOctober 7th, 2009 Ciena bids $521M for Nortel business unitsTORONTO — Ciena Corp. is offering cash and stock worth $521 million to acquire some of Nortel's most-prized remaining business units as the fallen telecommunications company continues to liquidate.
NCR chief financial officer to resign, controller named interim CFOOctober 7th, 2009 NCR chief financial officer to resignDULUTH, Ga. — NCR Corp.
Canada to review Avaya purchase of Nortel assets to determine if deal benefits CanadaSeptember 24th, 2009 Canada to review Nortel-Avaya dealTORONTO — Canada's industry minister said Thursday he will review the sale of Nortel's enterprise division to U.S. telecom company Avaya to determine if the deal significantly benefits Canada.
Capital Senior Living appoints former Lehman executive to its boardSeptember 16th, 2009 Capital Senior Living appoints new board memberDALLAS — Capital Senior Living Corp., which runs residential communities for seniors, said Wednesday it has named former Lehman executive Michael Reid to its board. Reid previously was in charge of Lehman Brothers' real estate investment trust equity underwriting practice.
Judges in US, Canada approve bankruptcy sale of Nortel business systems unitSeptember 16th, 2009 US, Canadian judges approve Nortel bankruptcy saleWILMINGTON, Del. — Nortel Networks Inc.
Nortel Networks to sell business communications segment to Avaya for $900 millionSeptember 14th, 2009 Avaya in $900 million deal for Nortel businessNEW YORK — Nortel Networks, which has been operating under bankruptcy protection since January, has selected Avaya as the successful bidder for its segment that makes communications systems for businesses. Basking Ridge, N.J.-based Avaya Inc.
Nortel to sell its enterprise business FridaySeptember 5th, 2009 TORONTO - Toronto-based Nortel, which is selling its businesses to pay off its creditors, will auction its second biggest division next Friday. The enterprise unit that makes network equipment will be auctioned under court supervision.
Gentiva Health appoints 3 independent directors, restoring independent majoritySeptember 3rd, 2009 Gentiva Health appoints 3 independent directorsATLANTA — Home health services provider Gentiva Health Services Inc. said Thursday it named three independent directors to its board.
Cascal appoints Mark Thurston as new CFOSeptember 3rd, 2009 Cascal appoints new CFOLONDON — International water and waste company Cascal N.V. said Thursday it has tapped Mark Thurston as its new chief financial officer.
OppenheimerFunds appoints head of distribution, chief marketing officerSeptember 2nd, 2009 OppenheimerFunds appoints 2 executivesNEW YORK — Investment management company OppenheimerFunds Inc. on Wednesday named William Carey as head of distribution and Martha Willis as chief marketing officer.
China-based Duoyuan Global Water appoints Ping Wei to board of directorsAugust 26th, 2009 Duoyuan Global Water appoints Ping Wei to boardNEW YORK — Duoyuan Global Water Inc., a Chinese supplier of water treatment equipment, said Wednesday it appointed Ping Wei to its board of directors. Wei, who will chair the board's audit committee, is the chief financial officer of China Distance Education Holdings Ltd.
Peabody appoints Robert Malone to board of directorsJuly 23rd, 2009 Peabody appoints Robert Malone to boardST. LOUIS — Peabody Energy Corp.
Avaya GlobalConnect reports third quarter resultsJuly 20th, 2009 NEW DELHI - Avaya GlobalConnect, one of India's leading solution integrators for enterprise communication solutions, announced its quarter results for the quarter ended June 30.he company has recorded Total Income of Rs. 121.53 crores in the India market and Net Profit of Rs.
Avaya announces new initiatives for mid-size contact center marketMay 30th, 2009 BASKING RIDGE/NEW JERSEY - Avaya Inc. today announced new initiatives related to its flagship contact center solution for mid-size businesses - Avaya Contact Center Express - that enable organizations to deploy the sophisticated customer service capabilities of larger businesses in a simplified, fully-integrated and more cost-effective way.
Avaya GlobalConnect sees business in newer verticalsMay 20th, 2009 MUMBAI - Avaya GlobalConnect, India's leading enterprise business communications solutions provider today unveiled its strategic roadmap in India for 2009. The company announced its renewed focus on technology solutions for the BFSI, Manufacturing, Healthcare, Hospitality and other verticals.
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