South America Business News

AES, the Arlington, Va.-based power generating company, said Friday that it would raise capital for new projects by selling a 15 percent stake in the company to a unit of China's sovereign wealth fund for $1.6 billion. AES said the...

Motorola Inc. and Aruba Networks, a Silicon Valley wireless network company, have settled a patent dispute more than two years after the Schaumburg-based technology giant sued its competitor over technology related to wireless computer networks.

AT&T Inc. said Friday that its acquisition of smaller wireless carrier Centennial Communications Corp., has closed after several delays due to the regulatory process. AT&T bought Wall, N.J.-based Centennial for $944 million in cash. The deal was announced a year...

Although the antinarcotics authorities had called Manuel Emilio Mesa (El Gringo) and his partner Rafael Cordero Martinez (El Chino) the country’s two top drug traffickers for several years, the National District Office of the Prosecutor didn’t press the money laundering...

Spain's Telefónica SA on Wednesday raised its bid for Brazilian telecommunications operator GVT Holding S/A, clearly signaling to rival suitors such as France's Vivendi SA that it is determined to get the asset. Telefónica unveiled a per-share bid of 50.50...