Europeans buy Intelsat for $5 billion

Other author's news:

• Boston Scientific recalls stents - NATICK, MA, Jul. 17 (UPI) -- The Boston Scientific Corp. in Natick, Mass., has widened its recall of two of drug-coated devices it makes to treat heart disease.
• Boise Cascade exits timber, paper business - Boise, ID, Jul. 26 (UPI) -- The Boise Cascade Corp. of Idaho announced Monday it is leaving the paper and timber business by selling those assets for about $3.7 billion.
• Oil prices hit 21-year high - New York, NY, Aug. 5 (UPI) -- Oil prices reached new highs yet again Thursday, with crude jumping to its highest level in 21 years.

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• Boeing says two European carriers to buy 10 7E7s - SEATTLE -- Blue Panorama of Italy and First Choice Airways of the United Kingdom plan to buy 10 Boeing 7E7 passenger jets at terms that remain under negotiation, the manufacturer announced Wednesday.
• $15 Billion European Bank Deal Expected - ONDON, July 25 - Banco Santander Central Hispano agreed on Sunday to buy Abbey National of Britain, in a mostly stock deal worth more than £8.5 billion ($15.6 billion), according to two executives close to the negotiations.
• European/US private equity consortium buys Intelsat in deal valued at $5bn - An unusual alliance of US and European private equity firms has won the auction to buy Bermuda-based satellite business Intelsat. Europeans Apax and Permira and US firms Apollo Management and Madison Dearborn will pay $3bn for the business and assume $2bn

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