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Stories related to: merger

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  • June 2008

    • Cheers: Feds OK Miller, Coors Merger

      newser  |  Wall Street Journal  |  Jun 5, 08 5:46 PM CDT

      Cheers: Feds OK Miller, Coors Merger

      The US Justice Department today approved a merger between Miller and Coors, opening the door to a union that will command almost 30% of US beer sales, the Wall Street Journal reports. Anheuser-Busch, the country’s largest brewer, controls about 50%. Regulators said the merger—expected to be wrapped up mid-year—“is not likely to lessen competition substantially.” More »

      Tags

      merger  • beer  • Anheuser-Busch  • Justice Department  • Miller Brewing  • MillerCoors  • brewing  • Molson Coors Brewing Co.

    • Yahoo Planned Huge Worker Walkout: Lawsuit

      newser  |  Portfolio  |  Jun 2, 08 9:10 PM CDT

      Yahoo Planned Huge Worker Walkout: Lawsuit

      Yahoo planned to pay all 14,000 workers to quit if Microsoft bought the company in a recent takeover bid, a lawsuit unsealed today claims. The shareholder complaint blasts execs for burying Microsoft's $1.5 billion offer to workers, and rejecting a $40-per-share offer last year. Yahoo tried to stop the unsealing, which revealed internal talks and private emails, Portfolio reports. More »

      Tags

      Microsoft  • lawsuit  • Yahoo  • acquisitions  • merger  • Jerry Yang

  • May 2008

    • United Drops US Airways Deal, Woos Continental

      newser  |  Wall Street Journal  |  May 30, 08 7:15 AM CDT

      United Drops US Airways Deal, Woos Continental

      A proposed merger between United Airlines and US Airways is on hold again, the Wall Street Journal reports. United’s CEO told his US Airways counterpart that his airline is close to a deal with Continental, a merger that would be less costly and wouldn’t face as much antitrust scrutiny as a United-US Airways deal, the Journal notes. United’s revelation follows rejection from Continental last month. More »

      Tags

      airline industry  • merger  • United Airlines  • Continental Airlines  • US Airways

    • Airline Business Model Won't Work With $130 Oil

      newser  |  Dallas Morning News  |  May 23, 08 10:40 AM CDT

      Airline Business Model Won't Work With $130 Oil

      The airline industry as we know it can’t function on $130-a-barrel oil, industry analysts are saying, and cost-cutting, ticket price increases, and bag-check fees won't make it viable. The Dallas Morning News looks at how hopeless it is for airlines to come anywhere near break-even at current costs, noting that an expert said last fall it couldn't be done at anything more than $80 a barrel.  More »

      Tags

      oil price  • airline industry  • airline  • merger  • American Airlines  • airline ticket prices

    • SEC Charges Ex-AOL Execs With Fraud

      newser  |  Wall Street Journal  |  May 20, 08 9:42 AM CDT

      SEC Charges Ex-AOL Execs With Fraud

      The Securities & Exchange Commission has filed civil fraud charges against eight former AOL executives for allegedly inflating AOL's advertising revenues before its merger with Time Warner, the Wall Street Journal reports. The men are accused of giving firms money to buy ads on AOL that they didn't want or need in "round-trip' transactions. More »

      Tags

      SEC  • fraud  • online advertising  • merger  • AOL  • Time Warner  • Securities and Exchange Commission

    • Microsoft Aims for Yahoo's Search Ad Biz

      newser  |  Wall Street Journal  |  May 19, 08 9:09 PM CDT

      Microsoft Aims for Yahoo's Search Ad Biz

      Microsoft's new offer to Yahoo includes breaking up the company and buying its search-advertising business, notions that have left Yahoo execs cold, the Wall Street Journal reports. Under the plan, Yahoo would sell its Asian assets and let Microsoft buy a minority stake in what's left of the company. More »

      Tags

      Microsoft  • Yahoo  • acquisitions  • merger  • Jerry Yang  • Steve Ballmer

    • Microsoft Edges Toward Hostile Bid

      newser  |  Wall Street Journal  |  May 2, 08 4:52 AM CDT

      Microsoft Edges Toward Hostile Bid

      Microsoft appears to be edging closer to a hostile bid for Yahoo, the Wall Street Journal reports; an announcement of the company's next move is expected today. Price will be a key factor: CEO Steve Ballmer told employees yesterday he won't pay a "dime above" what he thinks Yahoo is worth. Yahoo shareholders are looking for $35 to $37 a share; Ballmer's original offer was worth $29.48 a share at the close yesterday. More »

      Tags

      Microsoft  • Yahoo  • merger  • Steve Ballmer  • hostile takeover

    • Microsoft Still Pondering Yahoo Options

      newser  |  Wall Street Journal  |  May 1, 08 9:37 AM CDT

      Microsoft Still Pondering Yahoo Options

      Microsoft's board met yesterday to discuss the next move in its bid for Yahoo but didn't make a decision, the Wall Street Journal reports. Directors have given CEO Steve Ballmer broad leeway to decide between going hostile or walking away from the bid, and insiders say it could still go either way. An announcement is expected later this week. More »

      Tags

      Microsoft  • Yahoo  • merger  • Steve Ballmer  • hostile takeover

  • April 2008
  • March 2008

    • Delta Will Slash 2K Jobs

      newser  |  Atlanta Journal-Constitution  |  Mar 18, 08 2:02 PM CDT

      Delta Will Slash 2K Jobs

      Battered by skyrocketing fuel prices, Delta Air Lines will eliminate 2,000 jobs to cut costs, the Atlanta Journal-Constitution reports. With oil prices driving the airline’s fuel expenditures $900 million higher than expected, the carrier will offer buyouts to some 30,000 employees, aiming to cut 1,300 flight attendant and agent positions in addition to 700 administrative jobs, mostly through voluntary severance and hiring freezes. More »

    • Pilot Impasse May Ground Northwest-Delta Merger

      newser  |  Minneapolis Star Tribune  |  Mar 18, 08 9:55 AM CDT

      Pilot Impasse May Ground Northwest-Delta Merger

      Merger talks between Delta and Northwest appear to be headed for a hard landing after pilots for the carriers called off their own negotiations over seniority issues, reports the Minneapolis Star Tribune. The airlines boards will meet this week to decide whether the merger should go forward, but Delta's CEO is on record saying it hinges on the pilots' agreement. More »

      Tags

      airline  • merger  • Northwest Airlines  • pilot  • Delta  • pilot seniority  • ALPA

    • Porsche Speeds to $225B Euro Empire

      newser  |  Financial Times (UK)  |  Mar 4, 08 2:43 AM CST

      Porsche Speeds to $225B Euro Empire

      The map of Europe's car and truck industry is set to be redrawn with Porsche's likely takeover of Volkswagen, the Financial Times reports. Porsche's board voted to boost the sports car manufacturer's stake in Volkswagen to more than 50% yesterday, only hours after Volkswagen said it would buy a controlling interest in Swedish truck company Scania. The combined $225 billion company would be the biggest car and truck firm in Europe. More »

      Tags

      auto industry  • Europe  • merger  • auto sales  • Volkswagen  • Porsche

  • February 2008

    • Asia May Be Yahoo's Trump Card

      newser  |  Wall Street Journal  |  Feb 27, 08 8:37 AM CST

      Asia May Be Yahoo's Trump Card

      A revised Microsoft bid for Yahoo may be heavily influenced by Yahoo’s Asian interests, reports the Wall Street Journal. Microsoft execs toured Asia in December and concluded that they needed a local partner there. Yahoo holds large stakes in a Korean auction site, a major Chinese search engine, and Yahoo Japan. These footholds, while passive investments now, may be the key to success in Asia, which an analyst calls "an underdeveloped but massive market." More »

      Tags

      Microsoft  • Yahoo  • merger  • Asia

    • Northwest's Merger Offers Won't Fly: Delta

      newser  |  Wall Street Journal  |  Feb 27, 08 3:13 AM CST

      Northwest's Merger Offers Won't Fly: Delta

      An airline merger isn't going to take off until Northwest comes up with a proposal that addresses Delta's concerns, according to Delta executives. So far, offers haven't jelled with Delta priorities, including maintaining employee seniority rankings, according to a Delta memo obtained by the Wall Street Journal . Delta plans to continue with its "stand-alone" plan until it sees a “potential transaction that meets all our principles,” the company’s CEO and CFO wrote. More »

    • Delta-Northwest Pilots Ground Airline Merger

      newser  |  Associated Press  |  Feb 20, 08 6:49 AM CST

      Delta-Northwest Pilots Ground Airline Merger

      Northwest and Delta merger talks are stuck on the runway today, as  pilots continue talks on a deal to combine their workforces, AP reports. Representatives for the 12,000 pilots are hung up on issues of seniority, insiders said; directors of the airlines hoping to announce their $20-billion merger plans today are waiting for a breakthrough. The pilots unions have agreed on a joint contract, but seniority lists are crucial to determine rankings for benefits. More »

      Tags

      merger  • Northwest Airlines  • pilot  • Delta Air Lines  • ALPA

    • 2 Airline Mega Mergers Prepare for Takeoff

      newser  |  Wall Street Journal  |  Feb 7, 08 3:05 AM CST

      2 Airline Mega Mergers Prepare for Takeoff

      The airline industry is bracing for what would be a mammoth double wedding, as merger talks between Delta and Northwest airlines shift into second gear, and Continental and United Airlines begin their courtship. Currently on the Delta-Northwest plate is a market price stock-for-stock transaction, with no premium for either company, the Wall Street Journal reports. More »

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