Word: mergers
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...that poses a serious threat to industry leader Merrill Lynch. The deal will also reunite Weill with a company he patched together out of a string of troubled brokerages during the 1960s and '70s. American Express had been seeking to unload the money-losing brokerage. Wall Street hailed the merger as good for all three firms...
Robert H. Scott, Harvard's vice president of finance, said that under the terms of the "non-merger merger" of Harvard and Radcliffe Colleges, Harvard has the first option to buy any property that Radcliffe wants to sell...
...have slowed to 4% since 1990 as customers have turned to less expensive but powerful personal computers and linked workstations. Many manufacturers of large systems have already fallen victim to this irreversible change. In August, Wang Laboratories was forced to file for bankruptcy. Unisys, the by-product of the merger of Burroughs and Sperry, nearly went under after it suffered $2.5 billion in losses in 1989 through 1991. Huge losses also nearly claimed Digital Equipment, whose board ousted founder and president Kenneth Olsen earlier this year...
JUST MAYBE, THERE IS A CEASE-FIRE IN THE GLOBAL air wars. As a first step toward easing transatlantic tensions, the U.S. Department of Transportation has tentatively approved the proposed merger of Northwest and KLM Royal Dutch airlines. The endorsement comes as Washington and European countries spar over "open skies" agreements. Britain, for instance, is pressing the U.S. to okay a proposed alliance between British Airways and USAir. The Americans are also squabbling with France and Germany over airport landing rights. U.S. airlines have generally opposed making any concessions unless European countries reciprocate by opening their markets to American carriers...
...Northwest deal flies, it would mark the first time in the U.S. that a foreign and a domestic airline would be allowed to function as one company. KLM and NW will consolidate their fleets, fare structures and sales forces. But the merger may be too little, too late for financially troubled NW, which is struggling to avoid bankruptcy. Meanwhile, the U.S. airline industry remains a dangerous battleground. MGM Grand Air, a three-year-old luxury carrier, withdrew from scheduled passenger service last week after it failed to stem financial losses...