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Fri, 07/29/2011 - 18:16 by Anter Prakash Singh
Fiat announced a new management structure which will lead Fiat and Chrysler, a company in which Fiat now has 53.5 percent holding. The joint management team is being viewed by many analysts as a sign of future merger of both the companies.
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Fri, 07/29/2011 - 13:05 by neha mahajan
United Continental Holdings Inc.'s Continental Airlines canceled six more flights today, adding up to the 24 flights canceled yesterday, because of pilots who said they were too ill to work.
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Tue, 06/21/2011 - 16:27 by Anter Prakash Singh
The Frontier Oil Corporation announced on Monday that it has given a notice to the New York Stock Exchange informing about its intention to voluntarily delist from the common stock of the exchange till the closure of the merger of the company with Holly Corporation, the fourth largest refiner in the U.S.
Frontier, which was established as Wainoco Oil in 1949, has grown into a refining and marketing comp
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Fri, 09/17/2010 - 22:00 by Prince damin
Chicago -- Airline industry analysts said the merger between U.S. carriers United and Continental depends on more than just numbers on a page.
Bill McKnight at consulting firm A.T. Kearney said the more the merged company "can transfer the Continental service ethic into the new airline, the better off they're going to be."
By the numbers, the merger that shareholders were expected to approve in a vote Friday, puts together an airline that serves 370 destinations in 59 countries, which the new United hopes will appeal to business travelers who often purchase the more expensive seats, USA Today reported.
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Sat, 08/28/2010 - 10:09 by Prince damin
Washington -- The U.S. Justice Department said Friday it has approved the proposed merger of United Airlines Inc. and Continental Airlines Inc.
In a statement posted on its Web site, the department said approval of the $3 billion merger came after United and Continental agreed to transfer takeoff and landing rights "and other assets at Newark (N.J.) Liberty Airport to Southwest Airlines Co."
The decision clears the way for the merger to be completed within a few weeks, The New York Times reported. United and Continental shareholders are to vote on the merger Sept. 17.
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Fri, 08/20/2010 - 23:17 by Prince damin
Detroit -- Merger and acquisitions magnate Tom Gores is looking like the most likely buyer of the Detroit Pistons, sources tell The Detroit News.
The newspaper cites "sources close to the situation" who requested anonymity under a confidentiality agreement for the report. The basketball team has been valued at $479 million.
Gores, 46, and his group have twice visited team offices, the only interested group to do so, the report said. He made another visit Wednesday, but has not yet made a bid.
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Thu, 07/15/2010 - 11:39 by Pankaj Damin
Brussels -- European Union regulators agreed Wednesday to allow British Airways and Iberia to merge and to form a partnership with American Airlines.
The combination of BA and Spain's Iberia will form a $7.5 billion company expected to save about $530 million a year within five years, despite the companies' intention to keep the brands separate, ABC News reported Wednesday.
The partnership with American Airlines, as part of the Oneworld Alliance, allows for coordination of marketing, sales and flight scheduling.
The airlines said Wednesday they expected approval from the U.S. Department of Transportation sometime this fall.
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Tue, 06/15/2010 - 16:46 by Jamie Anderson
News Corporation, the owner of 39 percent stake in UK satellite broadcaster, British Sky Broadcasting Group Plc, is keen on acquiring the remainder share as well.
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Sun, 05/30/2010 - 18:10 by Raghav Markanda
Banks are the backbone of finance in the nation. They are the primary institutions you trust to keep your money safe.
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Wed, 05/05/2010 - 10:04 by Pankaj Damin
New York -- U.S. airline industry observers expect another major merger soon, perhaps a necessity for American Airlines or US Airways, one industry analyst said.
United and Continental announced a merger agreement last week.
Industry analysts say that puts pressure on American, which would shift from the second to the third largest U.S. airline if the deal goes through, The Dallas Morning News reported Tuesday.
Industry consulting firm Airlineforecasts recently reported that unless the industry took a significant turn, American and US Airways would "continue on the slow liquidation path to failure."
US Airways Chairman and Chief Executive Officer Doug Parker said last week another major merger was to be expected.
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Wed, 04/28/2010 - 12:01 by Jamie Anderson
Here is a merger story that would adversely affect a third party that is not directly associated with the merger proceedings. Neither is it the acquirer, nor the company that will be absorbed. Strategically speaking, the merger does not make good commercial sense for it. However, there is very little that this company can do about it.
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Mon, 04/12/2010 - 13:21 by Neka Sehgal
To continue consolidation in the power industry, cut costs and strengthen financial standing, two major power companies in the nation, Mirant Corporation (NYSE: MIR), and RRI Energy, Inc. (NYSE: RRI), announced plans to merge and create one of the biggest power producing companies in the nation.
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