(Reuters) - Research In Motion Ltd has turned down takeover overtures from Amazon.com Inc and other potential buyers because the BlackBerry maker prefers to fix its problems on its own, according to people with knowledge of the situation. Amazon hired an investment bank this summer to review a potential merger with RIM, but it did not make a formal offer, said one of the sources. It is not clear whether informal discussions between Amazon and RIM ever led to specific price talk, or who else had approached RIM about a takeover. ... (Source: Reuters) -
By Jeff Sneider LOS ANGELES (TheWrap.com) - The sun won't come out tomorrow after all for Sandra Bullock. The actress won't be joining the cast of Sony's "Annie" reboot after a second attempt to get her in the cast fell through, according to an individual familiar with the dealmaking process. Bullock was in line to play Mis... [Full Article]
By Alistair Barr SAN FRANCISCO (Reuters) - The online grocery start-up Webvan may have been the single most expensive flame-out of the dot-com era, blowing through more than $800 million in venture capital and IPO proceeds in just over three years before shutting its doors in 2001. Twelve years later, though, Webvan is rising from the dead - in the... [Full Article]
SEATTLE (Reuters) - Microsoft Corp recently talked with Nokia about buying the Finnish phone maker's devices unit, but the discussions faltered and are not likely to be revived, the Wall Street Journal reported Wednesday in its online edition. The Journal reported that "advanced discussions" on a deal happened as recently as this mon... [Full Article]
FRANKFURT, Germany (AP) - The European Central Bank has left its benchmark interest rate unchanged at a record low of 0.5 percent as it searches for new ways to lift the euro area's economy out of recession. (Source: Associated Press)... [Full Article]
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