Business news digest

NATION

Delphi plans to sell its brake business

TROY, Mich. —Delphi Corp. said Monday that it has retained W.Y. Campbell Co. to explore sale opportunities for Delphi’s Brake business.

The brake business has estimated 2008 revenue of $295 million and more than 1,000 employees at three plants in Mexico and China.

It also has technical centers in Shanghai, China; Brighton, Mich.; and Dayton, Ohio.

Waste Management offers to buy Republic Services

NEW YORK — Waste Management on Monday made an unsolicited offer to buy disposal company Republic Services Inc. for $6.19 billion in cash, aiming to block its biggest rivals from teaming up against the nation’s largest garbage hauler.

The deal represented a counter offer to Republic’s planned acquisition of Allied Waste Industries announced in late June. Republic agreed to pay Allied Waste shareholders 0.45 worth of a Republic share for each Allied share they held.

The stock deal between No. 2 Republic Services and No. 3 Allied Waste Industries was worth $6.07 billion at the time.

1M iPhones sold in just three days

NEW YORK — Apple Inc. said Monday it has sold 1 million iPhones in the three days since the release of the latest model on Friday.

“IPhone 3G had a stunning opening weekend,” said Steve Jobs, Apple’s chief executive, in a statement Monday.

But the launch was plagued by software problems.

All the new iPhones had to connect to Apple’s servers for activation, which quickly overloaded them.

Lines of customers built in stores as employees were unable to get the phones working.

From Vindicator staff and wire reports