Marathon Acquisition Corp. on Monday said it will buy a 66 percent stake in London-based Global Ship Lease Inc. in a deal that values the owner and operator of container ships at about $1 billion.

Singapore state investor Temasek Holdings TEM.UL on Friday reported China's Huaneng Group will pay S$4.2 billion ($3.04 billion) for Tuas Power, the largest overseas purchase by a Chinese power firm.

The Swedish consumer ombudsman is calling for a change in the law to give the customer the right to return a purchase made on the street or at an open market place.

Nortel [NYSE/TSX: NT] announced today that its Board of Directors has approved a limited share purchase plan as a vehicle to enable certain Nortel executive officers to purchase common shares from Nortel to satisfy share ownership guidelines.

AT&T Inc. (NYSE:T) today announced the completed purchase of four Norman Cellular and Metro Cellular stores in Norman, south Oklahoma City and Tulsa. All four stores are in the process of being rebranded as AT&T corporate stores that offer consumers a wide variety of wireless products and other AT&T services.

HP today announced that the U.S. Air Force (USAF) has selected it to fulfill desktop and notebook PC needs as part of the USAF’s quarterly IT purchase process.