Word: mergerism
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Forget the accounting scandals, the CEOs fending off fraud charges, the churning stock market. The business world has become obsessed with corporate nuptials. Merger mania is back, executives are cashing out and, if history is any guide, investors should be running for cover. A couple of months ago, Kmart and Sears got engaged. Then Nextel and Sprint announced their $35 billion wedding. Johnson & Johnson is buying Guidant, a maker of medical devices, for $24 billion. Two of the splashiest deals came last week: SBC, the Baby Bell based in San Antonio, Texas, looked poised to swallow its former parent...
Anderson Cooper The rising CNN star (who also works for 60 Minutes Wednesday) could be in the running, especially if the rumored CNN-CBS merger moves ahead. --By Sean Gregory
...reversed: German officials have expressed concern about the headquarters of the exchange moving to London, hurting Frankfurt's status as a financial center - a concern shared by Deutsche Börse's union, which fears job losses. But a spokesman for the Finance Ministry said the government supports the merger without restrictions. Why so much fuss over who owns which stock exchange? After all, the days of crowded trading pits where dealers scream out prices are mostly gone. Now the deals are done on computer terminals in quiet back offices. No matter who buys the L.S.E., most investors and companies...
...better line than that, he may end up in the doghouse. Holiday Hookups A rash of late-year megamergers struck the U.S., including health-care firm Johnson & Johnson's $25.4 billion takeover of Guidant; the long-awaited $10.3 billion Oracle-PeopleSoft marriage; phone provider Sprint's $35 billion merger with Nextel; and the uniting of software companies Symantec and Veritas in an all-stock deal worth around $12.5 billion...
...investment-banking and bond areas, brought the bank's IT management in-house and initiated a risk-management review, while instilling his relentless bottom-line ethic throughout the business. It may take some time for Dimon to deliver the promised $3 billion of annual cost savings from the merger. But by melding his old bank's retail, credit-card and small-business strengths with JPMorgan Chase's investment-banking and asset-management prowess, Dimon has turned what some called Citigroup West into a colossus that can give Citi, as Dimon says, "a run for its money...