Virgin Media

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NY Storm Delays New Airline's First Flight

Low-cost Virgin America is billionaire Branson's domestic US entry

(Newser) - Highlighting the difficulties of the US domestic market, inclement weather delayed today's first flight of Virgin America, the airline backed by impish British billionaire Richard Branson. The airline, which aims to provide first-class amenities at budget-friendly fares, operates from its San Francisco hub to Los Angeles and New York's JFK... More »

Corporate Buyers Muscle In on Private Equity Deals

Credit squeeze puts business-as-usual on hold

(Newser) - Corporations have the upper hand over private equity firms in acquisitions for the first time in years because of chaos in the debt markets, the Wall Street Journal reports. Private equity firms are stalled until the credit situation stabilizes and they can sell off some of their debt. Corporate buyers... More »

Deals Excite Nervous Markets

Dow up 126.81; private-equity boom not over yet; oil has highest close since August

(Newser) - The Dow rose 126.81 points to 13535.43 today, as several big deals assuaged traders worried the recent LBO spate is coming to an end. Chief among them, the Journal's Market Watch reports, was a $32.6B buyout of BCE, Canada's largest telecom, by a consortium including two US... More »

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