Word: mergers
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...students who may not have been given a chance elsewhere. At Savannah State, the figure hovers around 35%. A bigger problem is money: HBCUs are chronically underfunded, and Savannah State--with an endowment of just $3.4 million, compared with Armstrong's $7.9 million--is no exception. Harp expects the merger to help close that gap, an aspect of the plan that is winning over some critics. Emanuel Jones, chairman of Georgia's Legislative Black Caucus, says his "ears perked up" at talk of funding disparities, and he is co-sponsoring a resolution to study the merger's impact in detail...
...Ticketmaster wants to gobble concert promoter Live Nation to further extend its reach. (Live Nation, which puts on more than 16,000 live shows annually, also recently launched its own ticketing service.) Word of a Ticketmaster-Live Nation merger has angered fans and performers alike, including Bruce Springsteen. Ticketmaster was already on The Boss's bad side after it recently directed fans to its secondary sales apparatus, which charges more, while regular tickets were still available. (The company publicly apologized.) An open letter on Springsteen's web site expressed his outrage: "The one thing that would make the current ticket...
...Ticketmaster sold more than 140 million tickets and industry experts estimate the company controls 70 % of the market for major concerts. If it merges with Live Nation, that share would increase substantially. The companies announced the terms of their merger Feb. 10, but the deal will have to be approved by government antitrust authorities. New York Senator Charles Schumer, who's on the Judiciary Committee, has already come out against the merger, signaling an uphill battle for further consolidation of the concert business. Eddie Vedder may yet get his revenge after...
Linked In. With the merger of Delta and Northwest, members of the airlines' frequent-flyer-program - SkyMiles for Delta and WorldPerks for Northwest - can link their accounts and transfer miles between them. Couple the accounts before March 15 and get 500 bonus miles...
Having the several government authorities in the mix of parsing how the Merrill merger went down puts too many cooks in the kitchen. The B of A board was not paying attention to management when it invested in risky assets and lost billions of dollars. Perhaps its members can earn their fees...