merger

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United Drops US Airways Deal, Woos Continental

CEO says UAL 'very close' to Continental merger

(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...

Airline Business Model Won't Work With $130 Oil

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

(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...

SEC Charges Ex-AOL Execs With Fraud
SEC Charges Ex-AOL Execs With Fraud
May 20, 2008 9:42 AM CDT

SEC Charges Ex-AOL Execs With Fraud

Alleges they inflated revenue during merger with Time Warner

(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...

Microsoft Aims for Yahoo's Search Ad Biz

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

(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.

Microsoft Edges Toward Hostile Bid
Microsoft
Edges Toward
Hostile Bid
May 2, 2008 4:52 AM CDT

Microsoft Edges Toward Hostile Bid

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

(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...

Microsoft Still Pondering Yahoo Options

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

(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...

Continental Scuttles Merger With United

Execs scared by low earnings, sinking shares

(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...

United and Continental May Be Next to Merge

Delta-Northwest deal likely to spark more consolidation

(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...

Delta, Northwest Approve Merger
 Delta, Northwest
 Approve Merger 
UPDATED
Apr 14, 2008 7:17 PM CDT

Delta, Northwest Approve Merger

Execs forging ahead without pilot approval

(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...

Delta Pilots Aboard for Merger
 Delta Pilots Aboard for Merger  
Apr 10, 2008 10:21 PM CDT

Delta Pilots Aboard for Merger

NW deal would create world largest carrier

(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...

Yahoo, AOL May Merge; Murdoch-Microsoft In Talks

Two Internet-shaking deals stem from Microsoft-Yahoo talks

(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...

Delta Will Slash 2K Jobs
 Delta Will Slash 2K Jobs  
Mar 18, 2008 2:02 PM CDT

Delta Will Slash 2K Jobs

Firm will offer voluntary severance to 30,000 employees

(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...

Pilot Impasse May Ground Northwest-Delta Merger

Critical seniority issue could be a deal buster

(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...

Porsche Speeds to $225B Euro Empire

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

(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...

Asia May Be Yahoo's Trump Card
Asia May Be Yahoo's Trump Card
Feb 27, 2008 8:37 AM CST

Asia May Be Yahoo's Trump Card

Value of Asian partnerships could justify higher valuation from Microsoft

(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...

Northwest's Merger Offers Won't Fly: Delta

So far, proposals skirting key Delta concerns

(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...

Delta-Northwest Pilots Ground Airline Merger

Seniority issue puts merger talks on hold

(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...

2 Airline Mega Mergers Prepare for Takeoff

Delta-Northwest marriage looms; United eyes Continental

(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,...

Commodities Markets in Merger Talks
Commodities Markets in
Merger Talks
Jan 29, 2008 8:12 AM CST

Commodities Markets in Merger Talks

Chicago Mercantile Exchange targets New York counterpart in $11B bid

(Newser) - Owners of the Chicago and New York commodities exchanges are in preliminary talks that could end in an $11 billion merger of the two largest commodities markets in the US, reports the New York Times. NYMEX Holdings shareholders would receive $36 and 0.1323 of a share of CME's common...

Northwest's Merger Plans Still 'Evolving'

Airline 'very, very actively looking,' but uncertain on when, with whom

(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...

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