Stories 21 - 40 | << Prev   Next >>

Random House, Penguin to Merge

Some literary agents concerned

(Newser) - Random House, already the biggest consumer book publisher in the English-speaking world, will get even bigger next year after a planned merger with Penguin. The plans, rumored last week, were confirmed today by the media companies that own the two publishing divisions, Bertelsmann and Pearson. Bertelsmann, the Random House owner,...

T-Mobile, MetroPCS Agree to Merge

The move leaves Sprint in a tough spot

(Newser) - Deutsche Telekom, the parent company of T-Mobile USA, has agreed to a merger with the smaller MetroPCS Communications, a move that inches the two struggling competitors closer to industry leaders Verizon and AT&T, reports Reuters . The company will retain the name T-Mobile, and Deutsche will hold 74% of the...

US Airways Takes First Step Toward American Merger

Reaches deal with three labor unions

(Newser) - US Airways has taken a big step in its plan to merge with bankrupt American Airlines, it announced today by filing a form with the SEC. A letter to US Airways employees from the CEO explains that to win a merger the company still needs the OK of American-parent AMR'...

AT&T Drops Bid to Purchase T-Mobile
 AT&T: Forget T-Mobile Merger 

AT&T: Forget T-Mobile Merger

Wireless giant ends $39B bid to buy T-Mobile

(Newser) - AT&T Inc. said today that it is ending its $39 billion bid to buy T-Mobile USA after facing fierce government objections. The cell phone giant said that the actions of the US government to block the deal do not change the challenges of the wireless phone industry, which it...

AT&T 'Pretty Confident' It Can Save T-Mobile Deal

Phone giant tries to duck antitrust concerns

(Newser) - AT&T is dead set on getting its $39 billion acquisition of T-Mobile past anti-trust regulators, and it’s developing a two-part plan to do so. While one of the telecom giant’s hands is preparing to battle the Justice Department in court, the other will be trying to strike...

Senator Says AT&T, T-Mobile Merger Must Die

Urges FCC, Justice Department to block it on anti-trust grounds

(Newser) - AT&T’s purchase of T-Mobile must be blocked on antitrust grounds, Sen. Herb Kohl declared today. The chair of the Senate subcommittee on Antitrust, Competition Policy, and Consumer Rights released a letter urging the FCC and Justice Department to step in before the two phone companies get hitched, the...

AT&T, T-Mobile Merger Reactions: Not Good for Consumers
 AT&T, T-Mobile Merger 
 Bad News for Consumers 
early reactions

AT&T, T-Mobile Merger Bad News for Consumers

The consensus: 'Ma Bell is back'

(Newser) - Reactions to the surprise AT&T-T-mobile merger are pouring in, and, not surprisingly, most conclude this isn't a good thing for consumers:
  • The Bell telephone system—"aka AT&T"—was broken up in 1984 to increase competition, and the US telecommunications market was deregulated in 1996, again to

Germans Close to Buying NY Stock Exchange

Cradle of US capitalism about to fall to Deutsche Börse

(Newser) - The raucous cathedral of American capitalism, the New York Stock Exchange, is about to be bought by the Germans. If regulators approve the deal, the acquisition of NYSE Euronext (which owns the NYSE) by Deutsche Börse AG (which owns the Frankfurt stock exchange) would create the world's largest financial...

AOL Weighs Breakup, Yahoo Merger
AOL Weighs Breakup,
Yahoo Merger

AOL Weighs Breakup, Yahoo Merger

Internet firm could split dial-up, advertising arms

(Newser) - As AOL shifts to focus on content, the Internet firm is considering breaking off its dial-up Internet service arm and then merging with Yahoo, insiders tell Reuters . Yahoo hasn’t been contacted about the plan, which echoes a move Time Warner considered in 2008 and 2009 before spinning off AOL....

It's Official: Newsweek, Daily Beast to Merge

Companies make announcement amid rumors

(Newser) - It's official: Newsweek and the Daily Beast will merge. This morning's announcement comes after yesterday's rumors —and despite last month's report that merger talks were killed. Tina Brown will in fact serve as editor-in-chief of both Newsweek magazine and the Daily Beast; current Beast president Stephen Colvin will be...

Daily Beast, Newsweek Kill Merger Talks

Tina Brown, Stephen Harman unable to agree on editorial control

(Newser) - The Daily Beast and Newsweek have pulled off a pre-marital divorce, reports the Wall Street Journal , with merger talks breaking down over the weekend over the finer points of editorial control. Though both parties stood to save costs by consolidating the editorial staff, the Journal notes that Beast co-owners Tina...

Pointers for a Good Marriage—or Business Deal

Turn your relationship into a strategic alliance

(Newser) - With visions of June brides dancing in her head, Harvard Business School professor Rosabeth Moss Kanter has advice for newlyweds. Her 15 pointers apply equally well to companies executing deals—not mergers, in which "one company disappears," but alliances and partnerships. Some highlights, from the Harvard Business Review...

Feds Tear Into Ticketmaster Merger

Antitrust officials weigh concessions for Live Nation deal to pass

(Newser) - Concerned Justice Department are considering blocking a deal that would create a music industry behemoth—unless major concessions are made. Antitrust officials are worried about the effect the proposed Ticketmaster-Live Nation merger would have on consumer cost and may require the companies to make major concessions, insiders tell the Wall ...

Rise in Mergers Signals Fresh Confidence
Rise in Mergers 
Signals Fresh Confidence 

Rise in Mergers Signals Fresh Confidence

Chief execs becoming more bullish about recovery prospects

(Newser) - Mergers and acquisitions activity is still way down from pre-financial crisis levels, but a recent flurry of big deals suggests America's chief executives are regaining confidence in their own businesses. Recent mergers have involved strategic buys by big companies instead of the debt-fueled private equity buys seen a couple of...

Congress, BofA Clash Over Merrill Secrets

Bank insists merger talk protected, Towns issues spill deadline

(Newser) - Bank of America claims it doesn't have to produce details about its decision to merge with Merrill Lynch because the conversations are protected by attorney-client privilege. But the chairman of the House Oversight and Government Reform Committee begs to differ, reports the New York Times. The showdown peaked last week...

Merrill's Thain Rues Picking Pricey Office Decor Over Ikea

Former Merrill Lynch CEO denies accelerating bonuses

(Newser) - Merrill Lynch's former CEO issued an apology of sorts for spending $1.2 million—including $35,000 for a commode—to redecorate his office as the firm bottomed out, Bloomberg reports. “We decorated it in the style that Merrill Lynch offices were, which was very, very nice,” John...

Cuomo Hits 5 BofA Directors With Subpoenas

Bank's board may have hid Merrill losses from shareholders

(Newser) - Andrew Cuomo subpoenaed five members of Bank of America’s board of directors today in his probe to uncover whether the bank was truthful to shareholders about losses at Merrill Lynch, the Wall Street Journal reports. The New York Attorney General suspects that the board was fully informed of the...

Feds Put 'Gun to Head' of BofA's Lewis on Merger

(Newser) - Ben Bernanke and Henry Paulson may have leaned on Bank of America CEO Ken Lewis too heavily last year when he tried to back out of a deal to acquire Merrill Lynch, say congressional investigators. In fact, a GOP briefing document says the two Bush officals "put a gun...

Foes Ask Supreme Court to Block Chrysler-Fiat Deal

(Newser) - Opponents of Chrysler's sale to Fiat are asking the Supreme Court to block the deal. Three Indiana state pension and construction funds filed emergency papers at the high court early today to put the sale on hold so they can pursue an appeal. The emergency request goes first to Justice...

Porsche, VW to Merge
 Porsche, VW to Merge 

Porsche, VW to Merge

Luxury maker fails in takeover attempt

(Newser) - Porsche has announced it will merge with Volkswagen after weeks of negotiation between the two German carmakers, reports the BBC. The deal puts an end to Porsche's efforts to take over VW. Porsche already owns a majority stake in the company. While details of the merger remain unclear, VW's individual...

Stories 21 - 40 | << Prev   Next >>
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