| United Rentals to explore strategic alternatives; CEO to retire
April 10 (Reuters) - Equipment rental company United Rentals Inc. (URI.N: Quote, Profile, Research) said it will explore a range of strategic alternatives, including a possible sale of the company. The company also said Chief Executive Officer Wayland Hicks will retire effective June 4. Michael Kneeland, who is currently chief operating officer, will succeed Hicks as interim chief executive, it added. United Rentals has retained UBS Investment Bank and Credit Suisse to act as financial advisors in the process, it said in a statement. (Reporting by Rakesh Sharma in Bangalore) .
Endeca Selected by BT Group as New Search and Information Access ...
CAMBRIDGE, Mass. & LONDON--(BUSINESS WIRE)--Endeca Technologies, Inc., an enterprise information access software company, today announced that BT Group (LSE:BT-A.L.), one of the world's leading providers of communications solutions and services, has selected the Endeca Information Access Platform (IAP) as its new information access standard. BT Group will use the Endeca IAP to upgrade its enterprise and Web applications with Endeca's advanced search and information access capabilities, and will also leverage the Endeca platform to power a new generation of Web and enterprise solutions for customers, partners and employees. Mike Galvin, Director of Portfolio Infrastructure for BT Group, explains, "The investment in Endeca as a search and information access capability provides another success in BT's strategy to standardise capabilities that support customer services and product development.
BCE Shares Climb After Reports Pension Fund May Seek Buyout
April 10 (Bloomberg) -- Shares of BCE Inc. surged as much as 6.5 percent after the New York Times and Globe and Mail reported the Canadian telephone company's largest shareholder is in talks with other investors to make a buyout offer. The Ontario Teachers' Pension Plan approached Caisse de Dépôt et Placement du Québec and the Canada Pension Plan Investment Board to make a $45 billion bid, the Times said, citing unidentified people briefed on the talks. The Globe said Teachers enlisted U.S. buyout firm Providence Equity Partners Inc. to explore a takeover. A deal would place one of Canada's oldest publicly traded companies and the country's most widely held stock in private hands. BCE's share gains have trailed those of rivals since Chief Executive Officer Michael Sabia took over, and he has since cut 9,000 jobs and sold units in a bid to woo back investors.
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