mergers – News Stories About mergers - Page 3

Sep 25, 2008 2:45 PM CDT

Shareholders OK Delta-Northwest Merger

Deal awaits approval from antitrust regulators

(Newser) - Shareholders of Delta and Northwest voted nearly unanimously today to approve the airlines' merger, the Atlanta Journal-Constitution reports. With shareholders in agreement, federal antitrust regulators must now approve the deal. A Justice Department decision is expected late this year, but labor issues remain. Dozens of workers protested today outside the...

United, Continental Partner,
But Won't Merge

Jun 20, 2008 5:45 AM CDT

United, Continental Partner, But Won't Merge

Airlines will share international flights, coordinate domestic bookings

(Newser) - United and Continental Airlines have forged a marketing alliance that will let them book each other’s seats, share miles and join international flights—but won't merge, reports the Wall Street Journal. The deal provides welcome cost savings in the face of surging fuel prices, but avoids the labor tensions...

Another United Merger Crashes

May 28, 2008 3:20 AM CDT

Another United Merger Crashes

Talks with US Airways on permanent hold

(Newser) - A proposed merger between United Airlines and rival US Airways has collapsed, just a month after a deal between United and Continental fell apart. Some analysts predicted the rising cost of jet fuel would power merger deals, but the failed negotiations have raised serious questions about the success of future...

XM and Sirius Delay Meetings as FCC Weighs Merger

Apr 30, 2008 2:57 PM CDT

XM and Sirius Delay Meetings as FCC Weighs Merger

State officials oppose satellite giants' plans despite Justice approval

(Newser) - XM and Sirius both postponed annual shareholder meetings as they awaited final FCC approval of their planned merger, the Washington Post reports. The nation’s only satellite-radio operators are expected to win approval, but their plans have faced new criticism from lawmakers and state attorneys, and there may yet be...

Delta, Northwest Execs: Merger Would Ease
Gas Burden

Apr 24, 2008 3:51 PM CDT

Delta, Northwest Execs: Merger Would Ease Gas Burden

Dems skeptical, see 'cascade' of deals

(Newser) - The CEOs of Delta and Northwest took their case for a merger to Capitol Hill today, where they argued that they would be better equipped to deal with surging gas prices as a single company. Both businesses had big first-quarter losses, and the executives told lawmakers they’d be better...

Recession Zings Top Law Firms

Apr 14, 2008 3:10 AM CDT

Recession Zings Top Law Firms

Associates laid off, programs cut

(Newser) - The recession has begun to nip at the heels of New York's big law firms, reports the Wall Street Journal. Some firms are beginning to lay off associates, rescind offers to those coming out of law school, and scale back summer associate programs. It's all due to a slowdown in...

Delta, Northwest Close to Merger After Revived Talks

Apr 13, 2008 3:40 PM CDT

Delta, Northwest Close to Merger After Revived Talks

But pilot dispute could put deal on the skids

(Newser) - Delta and Northwest Airlines are readying a merger that could be announced as soon as Tuesday, reports the Wall Street Journal. But disputes over the deal’s financial terms and handling of pilot seniority threaten to scuttle the union. Negotiations between the two carriers broke down last week but were...

Delta-Northwest Deal May Be Back On, Without Pilot Input

Mar 28, 2008 4:41 PM CDT

Delta-Northwest Deal May Be Back On, Without Pilot Input

Dispute over seniority scotched initial merger agreement

(Newser) - Northwest is trying to resuscitate the Delta merger that nearly went through in February with a deal that wouldn’t need pilot agreements or include anticipated salary increases, the Wall Street Journal reports. The pilots' inability to agree on seniority rules appeared to derail the deal, which didn't require labor...