The news agency Thomson Reuters has agreed to buy Oslo-based Hugin Group from its US-based owner NYSE Euronext.

UK engineering and construction company Balfour Beatty has agreed to buy New York-based transportation engineering group Parsons Brinckerhoff for $626 million.

UK engineering and construction company Balfour Beatty has agreed to buy New York, US-based transport engineering group Parsons Brinckerhoff for $626 million (£383 million).

Sweden has sweetened its bid to sell 36 fighter jets to Brazil by saying that 40 per cent of the aircraft would be built in Brazil.

AustraliaÔÇÖs second largest airline, Virgin Blue, is reportedly in talks with Chicago-based aircraft manufacturer Boeing for a fleet upgrade that could be worth $3.5 billion.

UK engineering and construction company Balfour Beatty is preparing a rights issue to fund what it calls a ÔÇ£significantÔÇØ acquisition.

UK-based Tullow oil and Texas-based Anadarko Petroleum are due to reveal the discovery of a new oil frontier stretching along the African coast from Ghana to Sierra Leone.

French energy firm EDF is hoping to take a ten per cent stake in Russian GazpromÔÇÖs South Stream gas pipeline, it has emerged.

UK-based Tullow oil and US-based Anadarko Petroleum are due to reveal the discovery of a new oil frontier stretching along the African coast from Ghana to Sierra Leone.

Avaya, the manufacturer of corporate phone systems and software, has paid $915 million to acquire Nortel Networks' enterprise business, its second-largest unit by revenue.  The deal, which is subject to Canadian and US court and regulatory approvals, includes $15 million for an employee retention program. Basking Ridge, New Jersey-based Avaya had previously made a $475m stalking horse offer for the enterprise unit, which makes phone equipment and networks for businesses and has annual revenues of around $2.4 billion.