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THURSDAY, NOVEMBER 26, 2009
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NEWS ABOUT: merger

merger stories: 96 news summaries

41 - 60 of 96 Stories | << Prev 1 2 3 4 5 Next >>

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 Cheers: Feds OK
 Miller, Coors Merger 

Feds approve plan; new company would control 30% of market

Jun 5, 08 5:46 PM CDT
(Newser) - 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... More »

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

Yahoo Planned Huge Worker Walkout: Lawsuit

Execs also hid $1.5B Microsoft offer to employees

Jun 2, 08 9:10 PM CDT
(Newser) - 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... More »

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Yahoo • Microsoft • merger • Jerry Yang • lawsuit • acquisition

 United Drops US Airways Deal, Woos Continental

CEO says UAL 'very close' to Continental merger

May 30, 08 7:15 AM CDT
(Newser) - 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... More »

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

 Airline Business Model
Won't Work With $130 Oil 

Analysts say current model won't work at $130 a barrel

May 23, 08 10:40 AM CDT
(Newser) - 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... More »

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

SEC Charges Ex-AOL Execs With Fraud

Alleges they inflated revenue during merger with Time Warner

May 20, 08 9:42 AM CDT
(Newser) - 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... More »

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Time Warner • AOL • fraud • online advertising • merger • SEC

Microsoft Aims for Yahoo's Search Ad Biz

But execs don't like plan, which includes breaking up company

May 19, 08 9:09 PM CDT
(Newser) - 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 »

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

Microsoft
Edges Toward
Hostile Bid

Ballmer, still on fence last night, expected to move on Yahoo  today

May 2, 08 4:52 AM CDT
(Newser) - 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... More »

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Yahoo • Microsoft • hostile takeover • merger • Steve Ballmer

Microsoft Still Pondering Yahoo Options

Decision to go hostile, raise bid, or walk away up to CEO Ballmer

May 1, 08 9:37 AM CDT
(Newser) - 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... More »

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Yahoo • Microsoft • hostile takeover • merger • Steve Ballmer

 Continental Scuttles
 Merger With United 

Execs scared by low earnings, sinking shares

Apr 27, 08 5:39 PM CDT
(Newser) - Continental Airlines scuttled merger talks with United Airlines today and likely triggered other deals in the plunging industry. United's $357 million first-quarter losses and a plan to lay off 1,000 workers scared away Continental execs, the New York Times reports. Now United parent UAL will likely scramble to cut... More »

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airline industry • merger • United Airlines • Continental Airlines

United and Continental May Be Next to Merge

Delta-Northwest deal likely to spark more consolidation

Apr 15, 08 4:11 AM CDT
(Newser) - The Delta-Northwest merger will create the world's biggest airline—but that title could fall before the ink is even dry on the deal as industry pressures force other carriers into shotgun weddings, the Houston Chronicle reports. Analysts believe United and Continental would be a good match and a deal between... More »

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airline industry • merger • Northwest Airlines • United Airlines • airline • American Airlines • Delta Airlines • Continental Airlines • fuel costs

UPDATED

 Delta, Northwest
 Approve Merger 

Execs forging ahead without pilot approval

Apr 14, 08 7:17 PM CDT
(Newser) - Delta and Northwest Airlines execs agreed today to merge their companies into the world's largest airline, the New York Times reports. Delta CEO Richard Anderson will lead the new company, called Delta, if Northwest shareholders approve the transaction. The $3.1 billion deal would give Northwest shareholders 1.25 Delta... More »

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merger • Northwest Airlines • United Airlines • Delta Airlines • Continental Airlines • fuel costs

 Delta Pilots Aboard for Merger  

NW deal would create world largest carrier

Apr 10, 08 10:21 PM CDT
(Newser) - Delta Air Lines has reached a deal with its 7,000 pilots that is expected to allow a long-delayed merger with Northwest Airlines to take off, Bloomberg reports. The airlines plan to announce the merger next week, sources said. The new airline would carry the Delta name and jet past... More »

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Delta Air Lines • merger • Northwest Airlines • recession • American Airlines • Richard Anderson • oil price • pilots contract • jet fuel • Doug Steenland • Air Line Pilots Association

 Yahoo, AOL May Merge; 
 Murdoch-Microsoft In Talks 

Two Internet-shaking deals stem from Microsoft-Yahoo talks

Apr 9, 08 10:34 PM CDT
(Newser) - Two groundbreaking Internet deals are in the works, both related to Microsoft's desire to take over Yahoo, the Wall Street Journal reports. In one, Yahoo is considering combining its online operations with Time Warner's AOL. In the other, Rupert Murdoch's News Corp. is in talks to join Microsoft in its... More »

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Yahoo • Google • Time Warner • AOL • Microsoft • Rupert Murdoch • hostile takeover • merger • Jerry Yang • AdSense • Steve Ballmer • proxy battle • takeover bid • Legg Mason

 Delta Will Slash 2K Jobs  

Firm will offer voluntary severance to 30,000 employees

Mar 18, 08 2:02 PM CDT
(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... More »

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Delta Air Lines • mergers and acquisitions • merger • Northwest Airlines • oil price • fuel costs • pilot seniority • voluntary severance

Pilot  Impasse May Ground Northwest-Delta Merger

Critical seniority issue could be a deal buster

Mar 18, 08 9:55 AM CDT
(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... More »

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

Porsche Speeds to $225B
Euro Empire

VW acquisition would create Europe's biggest car & truck company

Mar 4, 08 2:43 AM CST
(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... More »

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

Asia May Be Yahoo's Trump Card

Value of Asian partnerships could justify higher valuation from Microsoft

Feb 27, 08 8:37 AM CST
(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... More »

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Yahoo • Microsoft • Asia • merger • Yahoo Japan

Northwest's Merger Offers Won't Fly: Delta

So far, proposals skirting key Delta concerns

Feb 27, 08 3:13 AM CST
(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... More »

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airline industry • merger • Northwest Airlines • Richard Anderson • Ed Bastian • Delta Airlines

Delta-Northwest Pilots Ground Airline Merger

Seniority issue puts merger talks on hold

Feb 20, 08 6:49 AM CST
(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... More »

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

2 Airline Mega Mergers Prepare for Takeoff

Delta-Northwest marriage looms; United eyes Continental

Feb 7, 08 3:05 AM CST
(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,... More »

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airline industry • merger • Northwest Airlines • antitrust • United Airlines • Delta Airlines • Continental Airlines

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