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Dec 22 2012, 02:40 IST
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SummaryUS conglomerate General Electric has agreed to buy the aviation business of Italian aerospace company Avio for 3.3 billion euros, or 8.5 times Avio’s 2012 Ebitda, the companies said on Friday.

lower court in California. The order was to stop sales of Samsung’s Galaxy Nexus smartphone. Apple argued that this was inappropriate and asked for an “en banc review,” which means that a larger panel of judges would reconsider the decision made by the three-judge panel in October.

BAE signs $4.1-billion aircraft deal with Oman

UK aerospace and defense company BAE Systems has agreed a £2.5-billion ($4.1-billion) deal with Oman for 20 aircraft. BAE says Oman has signed the contract for 12 Typhoon fighter jets and eight Hawk aircraft, with deliveries expected to start in 2017. The contracts cover the supply of the aircraft and in-service support, BAE added. The deal is the latest in a series of contracts supply Oman: the country currently operates Jaguar fighter aircraft and trains pilots on an earlier variant of the BAE Systems Hawk.

RIM loses BlackBerry subscribers for 1st time

BlackBerry-maker Research In Motion, which is already struggling with plunging sales, said Thursday it lost subscribers for the first time in the latest quarter, as the global number of BlackBerry users dipped to 79 million and the stock plunged in after hours after the company said it will change the way it shares revenue with carriers. The Canadian company did add to its cash position as it prepares to launch new smartphones on January 30 that are deemed critical to the company’s survival.

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