Word: merger
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Dates: during 1990-1999
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...spoken for, but many potential obstacles remain before WorldCom consummates the merger. More...
...pretty good day for WorldCom: The company discovered that it had underestimated its savings from MCI's international business costs by several hundred million dollars. As a result, WorldCom expects to add to its earnings by as much as 20 percent in the first year after the merger takes effect. Meanwhile, the U.S. Department of Justice has approved WorldCom's purchase of data networks owned by America Online and CompuServe. That purchase was part of a three-way deal earlier this year in which AOL acquired CompuServe's consumer subscribers...
...incumbents voted on this move last term, specifying that planning efforts should occur this year to smooth the school merger...
...scholarly but combative Klein, who stands 5 ft. 6 in. in his running shoes, appears to be an unlikely David to Microsoft's Goliath. He came under heavy fire last April for granting unconditional approval to Bell Atlantic's $23 billion merger with NYNEX, a deal that created a giant with 39 million phone lines from Maine to Virginia. But Klein, a music buff whose eclectic tastes run from Ray Charles to Puccini, takes no predictable view on enforcement either. He simply picks his targets as he sees them. "I'm not an ideologue or a crusader," he says...
...open up their markets. "It's a torpedo under the waterline of efforts toward real competition," Hundt says. "Congress's intent to introduce competition was twisted by the judicial machinations of incumbent monopolists--both local and long-distance telephone companies." Hundt doesn't see the potential GTE-MCI merger as being particularly friendly to consumers. "By our count, GTE has filed 23 federal court actions challenging the pricing decisions of 23 state commissioners," he complains...