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Merger News

Ryanair CEO says won't bid for Air Berlin

Berlin - Ryanair chief executive Michael O' Leary on Wednesday said his airline would not make a bid for insolvent Air Berlin, slamming what he called a German "stitch-up" designed to benefit Lufthansa.

Ryanair CEO says won't bid for Air Berlin

Berlin - Ryanair chief executive Michael O' Leary on Wednesday said his airline would not make a bid for insolvent Air Berlin, slamming what he called a German "stitch-up" designed to benefit Lufthansa.

China's Great Wall Motor eyes Fiat Chrysler deal

Bejing - China's Great Wall Motor signalled on Monday its intention to make an ambitious acquisition deal with Italian-American car maker Fiat Chrysler Automobiles following a report that it wants to buy the Jeep brand.

China's Great Wall Motor plans Fiat Chrysler purchase

Bejing - China's Great Wall Motor signalled on Monday its intention to make an ambitious offer to buy all or part of Italian-American car maker Fiat Chrysler Automobiles.

Marissa Mayer fades out as Yahoo ends its run

San Francisco - Marissa Mayer was hailed as Yahoo's savior when she took charge of the pioneering internet firm five years ago.

Russia's largest bank pulls out of Ukraine

Moscow - Russia's Sberbank, the largest in the country, on Tuesday announced it had sold its Ukraine division, where operations have been complicated since Moscow's annexation of Crimea.

Canada's Enbridge cutting 1,000 employees after Spectra merger

Houston - Enbridge Inc has announced it is cutting 1,000 jobs or six percent of its workforce in Houston, Texas, and Canada following the takeover of Houston-based Spectra Energy earlier this year.

Intel buying Israeli car tech firm Mobileye for $15 bn

Jerusalem - Intel will buy Israeli car tech firm Mobileye for more than $15 billion (14 billion euros), the companies said Monday, in a deal signalling the US computer chip giant's commitment to technology for self-driving vehicles.

Deutsche Boerse boss faces new insider trading questions

Frankfurt Am Main - Insider trading suspicions against Deutsche Boerse chief Carsten Kengeter took a new turn Friday after a German media report that he discussed merger plans with the London Stock Exchange with a government official shortly before a large share purchase....

S. Korea pension chief admits pushing Samsung deal in Park probe

Seoul - South Korea's National Pension Service chief admitted to pressuring the state-run fund to back a controversial merger of two Samsung units, prosecutors said Thursday during a widening probe into a corruption scandal engulfing impeached President Park G...

Yahoo reveals more details about massive hack

San Francisco - Yahoo provided more details on Wednesday about an epic hack of its services, including that the culprits may have planted software "cookies" for ongoing access to users' accounts.In revelations that could jeopardize the company's pending $4.

Lawmakers push to block Chinese takeover of US aluminum firm

Washington - A group of US senators called on the government to block the Chinese metals giant Zhongwang's takeover of a US aluminum processor for the auto and aerospace industries.

Big tech-media mergers raise fresh privacy concerns

Washington - They know how you browse the internet, your favorite TV shows and where you shop and travel.

AT&T eyes new media future with mega-deal for Time Warner

New York - AT&T unveiled a mega-deal for Time Warner that would transform the telecom giant into a media-entertainment powerhouse positioned for a sector facing major technology changes.The stock-and-cash deal is valued at $108.

Microsoft buys LinkedIn for $26 bn

Washington - Microsoft said Monday it was buying the professional social network LinkedIn for $26.2 billion in cash, a move that helps refocus the US tech giant around cloud computing and services.

Bayer-Monsanto tie-up fuels anti-GM debate in Germany

Frankfurt - A proposed tie-up between Bayer and Monsanto may still face numerous hurdles but it has already inflamed opinion in Germany where most people oppose genetically modified foods.

'Biggest ever tech deal': Dell to acquire EMC for $67 billion

Computer manufacturer Dell has made history by announcing it has purchased storage technology specialists EMC for a record-breaking $67 billion. Dell says it will create the "world's largest privately-controlled, integrated technology company."

Kraft Heinz cuts 2,500 jobs in Canada, U.S. after recent merger

Chicago - Saying that it intends to cut costs, Kraft Heinz Co. is slashing about 2,500 jobs now that the two companies have merged. Employees affected by this are in the U.S. and Canada and will be notified in person, said spokesman Michael Mullen.

Report: Fiat Chrysler company offered merger to GM

Detroit - The largest U.S. automaker refused to even consider an offer to merge with Fiat Chrysler earlier this year, according to published reports.

Germany's GEA sells heat exchangers business

D - German mechanical engineering group GEA said on Wednesday it had agreed to sell its heat exchangers business to private equity group Triton in a deal valued at 1.3 billion euros ($1.8 billion).

Germany's GEA sells heat exchangers business

D - German mechanical engineering group GEA said on Wednesday it had agreed to sell its heat exchangers business to private equity group Triton in a deal valued at 1.3 billion euros ($1.8 billion).

Altice, Numericable plan 10-bn bond sale to fund SFR buy

Paris - French telecom operator Numericable and its parent company Altice said Monday they are planning to issue more than 10 billion euros ($13.8 billion) of bonds to fund their acquisition of SFR.

Investors bet Sun Pharma can restore Ranbaxy to health

New Delhi - On the surface, Sun Pharma's $3.2-billion purchase of Indian generics rival Ranbaxy, which is in deep trouble with US regulators over safety lapses, may not look like a great deal.

Volkswagen says won't raise Scania offer

Frankfurt - Volkswagen, Europe's biggest carmaker, said Friday it will not increase its offer for truck manufacturer Scania after the Swedish group dismissed the bid.

IBM buys Internet marketing firm Silverpop

San Francisco - IBM on Thursday announced that it is buying Internet marketing firm Silverpop to enhance its portfolio of services for businesses out to target potential customers.

Comcast, lawmakers debate mega-merger benefits

Washington - Comcast and skeptical lawmakers sparred Wednesday over the merits of a proposed mega-merger with Time Warner Cable which would boost the position of the largest US cable and broadband provider.

P&G sells most pet-care assets to Mars for $2.9 bn

New York - Procter & Gamble will sell most of its pet care business to Mars for $2.9 billion as the US consumer-products giant streamlines its businesses, the companies announced Wednesday.

Comcast defends mega-merger amid stepped-up criticism

Washington - Comcast opens its campaign to get approval of its mega-merger with rival Time Warner Cable at a congressional hearing Wednesday, amid intense criticism from some activists.

Holcim, Lafarge announce merger into global cement giant

Geneva - Swiss cement group Holcim and French rival Lafarge are to merge creating a dominant supplier of cement for concrete to the global construction industry.

Holcim, Lafarge announce merger into global cement giant

Geneva - Switzerland's Holcim and French rival Lafarge announced on Monday that they have agreed to merge, creating the world's biggest cement company.
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HOUSTON: Corporate headquarters for oil services industry giant Halliburton  which was headed before...
HOUSTON: Corporate headquarters for oil services industry giant Halliburton, which was headed before 2000 by former U.S. Vice President Dick Cheney.
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DISPLAY: A Fiat Chrysler Viper roadster is seen at the North American International Auto Show in Det...
DISPLAY: A Fiat Chrysler Viper roadster is seen at the North American International Auto Show in Detroit, Mich., in 2013.
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Produce section in a Whole Foods Market.
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