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Broadband satellite operator Avanti Communications said Tuesday that its engineers had successfully completed in orbit testing of the HYLAS 1 satellite.

Monitise plc, a global mobile commerce provider, said Tuesday that its Asia Pacific joint venture had signed a Memorandum of Understanding with Handpay and China Rewards in a move that further broadens its mobile commerce operations.

Intel Corporation, the world's largest semiconductor chip maker, has agreed to acquire Egyptian software firm SySDSoft for an undisclosed amount.

Louisiana-based IberiaBank Corp has agreed to acquire bank holding company Cameron Bancshares Inc for US$133 million.

UK-based GW Pharmaceuticals said Monday that Sativex, its treatment for muscle stiffness in people suffering from multiple sclerosis (MS), is now available in Spain through its marketing partner Almirall S.A.

UK-based SLR Management Ltd said Monday that it had acquired Metago International Holdings Ltd., a leading South African environmental consultant to the global mining industry, in a £7 million deal.

Brunei Shell Petroleum announced a "significant" new oil discovery Monday in the coastal waters offshore the southeast Asian sultanate.

Eli Lilly and Company, a US pharmaceutical firm, said Monday that its animal health division, Elanco, has made an offer to acquire the animal health business of Janssen Pharmaceutica NV, a Johnson & Johnson Company.

The European Commission has just approved the first injectable product using Elan Drug Technologies' NanoCrystal technology.

Nokia's new smartphone strategy to form a broad strategic partnership with Microsoft is likely to result in over 5000 jobs being affected in Norway as the largest handset maker implements a bold new move to revive its struggling smartphone business.