AT&T to Buy Nextel Mexico

AT&T reached a deal with NII Holdings to buy Nextel Mexico for about $1.88 billion, the telecom giant's latest big step into the Mexican market.

Google, Cablevision Challenge Wireless Business Model

Google and Cablevision Systems are preparing new cellphone services that would turn the wireless industry's business model on its head, increasing pressure on companies already dealing with an intensifying price war.

Citizens Financial Earnings Rise on Strength in Loans

Citizens Financial reported a 30% increase in profit to $197 million as strength in retail and commercial loans pushed up net interest income for the regional lender. Revenue edged up slightly to $1.18 billion. Results beat expectations.

Post to Acquire MOM Brands in $1.15B Deal

Post Holdings has agreed to buy privately-held MOM Brands for $1.15 billion in a deal that will add Berry Colossal Crunch and Frosted Mini Spooners to Post's trove of cereal brands.

IAG Moves a Step Closer to Buying Aer Lingus

British Airways parent International Consolidated Airlines Group is a step closer to taking over Aer Lingus after the Irish carrier said its board is considering a sweetened takeover offer from its bigger rival.

AXIS Capital and PartnerRe to Merge

Axis Capital Holdings and PartnerRe said Sunday they have agreed to merge and form one of the world's biggest reinsurance and specialist insurance companies, a firm with a combined market value of $11 billion.

D.R. Horton Results Top Expectations

D.R. Horton's fiscal 1Q profit rose a better-than-expected 16% as its sales pace accelerates. D.R. Horton earned $142.5 million, or 39c a share. Home-building revenue climbed 38% to $2.25 billion. Shares up 4% premarket.