Rodamco North America NV, a Dutch owner of U.S. shopping malls, agreed to buy Urban Shopping Centers for $3.4 billion in cash and assumed debt to more than double in size and gain expertise in property services.
Workers who operate United Airlines' baggage system at Denver International Airport went on strike Tuesday without apparent effect on passengers. Contract talks between the roughly 70 workers and Phelps Program Management, a subcontractor for United, broke down last week.
Predictive Systems, a consulting firm that specializes in complex computing networks, agreed to acquire closely held Synet Service Corp. for about $42.4 million in stock and cash to expand its client base in the Midwest, West Coast, and Northeast regions.
PMC-Sierra Inc., whose chips speed Internet traffic, said it plans to acquire closely held SwitchOn Networks Inc. for $450 million in stock to improve the performance of some of its products.
Security Capital Group agreed to buy the remaining 60 percent stake it didn't already own in Security Capital U.S. Realty, its European-based affiliate, for $1.4 billion in stock as it seeks to close the gap between its share price and the value of its real estate holdings.