Business news for Mon, 24 Dec 2007 & with words firm+million. 7 news.

CGEN's larger competitor Focus Media announced it was buying CGEN in a deal that could ultimately wind up being worth $350 million.

United Rentals said on Monday that it will not appeal a Delaware judge’s ruling Friday that Cerberus Capital Management cannot be forced to complete its $4 billion buyout of the rental equipment operator. United Rentals said that it will terminate the deal and ask the private equity firm to pay the $100 million breakup fee stipulated [...]

IRISH property investment firm Ailesbury has completed a ?10 million deal with the purchase of a marina in Cape Cod, Massachusetts.

TEL AVIV (MarketWatch) - The Paris insurance group Axa said it would enter the Russian market by agreeing to purchase 36.7% of Reso Garantia from the firm's holders for 810 million euros, or about $1.16 billion, and taking options to buy the rest..

Taiwan likely shipped 6.2 million smart handheld devices in the fourth quarter, up 81.7 percent on last year partly because it produces Apple's iPhone, an IT consulting firm said Sunday.

TELSTRA has decided its general insurance transaction processing subsidiary, Telstra eBusiness Services Pty Ltd (TeBS), is excess to requirements, offloading it to a US firm for $50 million.

French firm Alcatel-Lucent will pay a $1 million fine to resolve U.S. Justice Department allegations it violated the Foreign Corrupt Practices Act.