Sep 01, 2009 10:54 AM ET
eBay after struggling for four years to realize synergies between the action market operations and communication company Skype agreed to sell a majority stake. The consortium of investors agreed to pay $2 billion for 65% stake in Skype. Earlier eBay had planned to spinoff Skype in a public offering.
Sep 01, 2009 9:50 AM ET
Australia after months of violence against Indian students stepped up its diplomatic offensive. Deputy Prime Minister Julia Gillard on a five-day visit to India stressed that Australia is safe and welcoming place failed to cite concrete evidence of her government’s efforts that protect all students.