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October 7, 2008 3:34:52 AM CDT

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Stories related to: merger

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Stories 21 - 40 of 65

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  • April 2008
  • March 2008

    • Delta Will Slash 2K Jobs

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

      Delta Will Slash 2K Jobs

      (Newser) - 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

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

      Pilot Impasse May Ground Northwest-Delta Merger

      (Newser) - 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  • pilot  • Northwest Airlines  • Delta  • pilot seniority  • ALPA

    • Porsche Speeds to $225B Euro Empire

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

      Porsche Speeds to $225B Euro Empire

      (Newser) - 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

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

      Asia May Be Yahoo's Trump Card

      (Newser) - 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

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

      Northwest's Merger Offers Won't Fly: Delta

      (Newser) - 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

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

      Delta-Northwest Pilots Ground Airline Merger

      (Newser) - 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  • pilot  • Northwest Airlines  • Delta Air Lines  • ALPA

    • 2 Airline Mega Mergers Prepare for Takeoff

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

      2 Airline Mega Mergers Prepare for Takeoff

      (Newser) - 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 »

  • January 2008
  • December 2007

    • Northwest's Merger Plans Still 'Evolving'

      Minneapolis Star Tribune  |  Dec 5, 07 12:39 PM CST

      Northwest's Merger Plans Still 'Evolving'

      (Newser) - Northwest Airlines is "very, very actively looking" for a merger partner, a company executive told Wall Street analysts yesterday, but it is uncertain whether such consolidation is more likely to be approved by the Bush administration or its successor, the Minneapolis Star Tribune reports. Analysts say Delta—known to be contemplating mergers, as is United—would be the best match with Northwest. More »

      Tags

      merger  • United Airlines  • Northwest Airlines  • Delta Airlines

  • November 2007

    • Struggling Sprint Rejects $5B Offer

      Wall Street Journal  |  Nov 30, 07 4:57 AM CST

      Struggling Sprint Rejects $5B Offer

      (Newser) - A bid by SK Telecom and Providence Equity to invest $5B in Sprint Nextel and install former Sprint chairman Tim Donahue as the company CEO has met with swift rejection from the Sprint board. The move comes as Sprint, which has seen its stock plumet 36% since June, searches for a new CEO, the Wall Street Journal reports. More »

      Tags