Business News Archive - July 18, 2009

Robert Hormats, a vice chairman of investment bank Goldman Sachs, has been tapped for a key U.S.

Nokia has agreed to sell the professional services unit of its Symbian mobile phone operating system to the U.S.

Most of the 370 outlets of bankrupt U.S. outdoor clothing retailer Eddie Bauer will remain open, its new buyer says. Golden Gate Capital Friday won a bankruptcy auction for the Bellevue, Wash., chain, with a $286 million bid.

German automaker Volkswagen is planning a complete acquisition of sports car manufacturer Porsche, sources say.

General Motors Co. and lenders of bankrupt Delphi Corp. are close to a deal to purchase most of the U.S.

INDIANA, Pa., July 18 /PRNewswire/ -- Ashton Oilfield Services LLC CEO Scott Riggs announced today that Ashton Oilfield Services LLC has acquired a new operations facility in Indiana, Pennsylvania in preparation to drill in the Marcellus Shale-Appalachian Basin.

NEW YORK, July 18 /PRNewswire-FirstCall/ -- SIRIUS XM Radio (Nasdaq: SIRI) today announced that its P.O.T.U.S.

Cameroon Airlines Corp.

ABU DHABI, United Arab Emirates, July 19 /PRNewswire/ -- The 2nd Soldier Modernisation Middle East will be held from 18th to 21st October 2009 at the Armed Forces Officers Club in Abu Dhabi.