AT&T to Buy Nextel Mexico

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AT&T reached a deal with NII Holdings to buy Nextel Mexico for about $1.88 billion, the telecom giant’s latest big step into the Mexican market.

Thai Airways to Cut Routes

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Thai Airways unveiled a rehabilitation plan that calls for the troubled carrier to cut a tenth of its routes in a bid to cut costs and increase revenue.

Post to Buy MOM Brands for $1.15B

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Post Holdings Inc. has agreed to buy privately-held MOM Brands Co. for $1.15 billion in a deal that will add Malt-O-Meal and Frosted Mini Spooners to Post’s cache of cereal brands.

MeadWestvaco, RockTenn to Combine

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Packaging companies Rock-Tenn Co. and MeadWestvaco Corp. said they agreed to merge in a deal with a combined equity value of about $16 billion.

German Business Confidence Exceeds Expectations

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Business confidence in Germany rose again to kick off the New Year, a widely watched survey showed.

Marubeni Slashes Forecast on Crude Fall

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Marubeni cut its net profit projection in half for the current fiscal year as falling prices of crude oil and other commodities forced the company to book steep impairment losses.

Gilead to Allow Drug Makers to Produce Hepatitis C Treatment

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Gilead Sciences said it would allow generic-drug makers to produce a new version of its Sovaldi hepatitis C treatment

Datsun Sputters in Initial Markets

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Nissan’s initial effort to build an emerging-markets car brand around its Datsun cars is struggling to throw aside launch woes, with early sales below the company’s expectations in India, Indonesia and other markets.

Sika Says Controlling Family Can't Call EGM

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Sika claimed that the Swiss chemicals company’s controlling family no longer has the right to call an extraordinary general meeting, marking the latest twist in a 2.75 billion Swiss franc ($3.13 billion) takeover bid for the company by France’s Saint-Gobain.

Amazon Japan Vows Cooperation With Child-Porn Investigation

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The online retail giant’s Japanese arm says it is cooperating with an investigation into possible sales of child pornography, after police raided its headquarters and distribution center.

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