Texas Instruments Inc. said it is selling its sensors and controls unit to private equity firm Bain Capital for 3 billion dollars to focus on its mobile-phone chips business. The sensors division makes products for vehicles, appliances, aircraft and lighting systems. Based in Attleboro, Massachusetts, it has 5,400 employees in the Americas, Europe and Asia.

Cyprus Communications and Works Minister Haris Thrasou has warned that the difficult times have yet to come for the national airline Cyprus Airways, whose staff agreed a tough restructuring package last week. The minister welcomed the decision by all five trade unions of the company to accept the plan. A restructuring plan was needed in

Microsoft is joining forces with music broadcaster MTV to provide music over the Internet, according to a release from the software provider in Redmond in the U.S. state of Washington. The new service will carry the name URGE and will have 2 mln items, comprising a wide range of musical styles and from a variety

Microsoft intends to break into the increasingly contested Internet telephony market in cooperation with phone company MCI, company officials announced in Redmond in the U.S. state of Washington. MCI Web Calling for Windows Live Call will soon be tested as part of Windows Live Messenger in the United States, France, Germany, Spain and Britain. Access