Recent Posts
Kooks In Suits
Return To Blog Listing
Devoted to covering some of the more "interesting" business news, including auto makers, airlines, the record industry and more.
Recent Posts Tagged With 'mergers'
Working Around The Clock
Chrysler is working around the clock to kiss the government’s butt. Chrysler is working around the clock to complete an alliance with Italy’s Fiat SpA (FIA.MI) that would also result in a new board for the U.S. automaker, Vice Chairman Ji...
Sun Walks Away
Apparently Sun thinks it’s worth more than IBM was offering. I’m not sure how much that is, but what now? After weeks of negotiations, I.B.M. withdrew its $7 billion bid for Sun Microsystems on Sunday, one day after Sun’s board balked ...
Dow Sells Out Morton
Take it with a grain of salt. Not worth a grain of salt. It seems salt is worth something. K+S AG, Europe’s biggest salt maker, agreed to buy Morton Salt from Dow Chemical Co. for $1.675 billion to become the world’s largest producer. Morton Sa...
Shhh. They Still Want You!
Microsoft chief executive Steve Ballmer said Thursday that the US software giant remains interested in a search business partnership with Yahoo! and welcomed the appointment of new CEO Carol Bartz. “I’ve been quite public about the fact t...
GM Says No Merger
Wow. GM sure was quick to jump up and say something, weren’t they? General Motors Corp has not reopened merger talks with Chrysler LLC, a GM spokesman said on Thursday, denying a report in The Wall Street Journal that talks had been revived. &...
A Whole Lot Of Bailout Fail
Wow. Instead of two big bailouts, we may be able to pool our money into one giant bailout FAIL. General Motors Corp. and Chrysler LLC have reopened merger talks, as Chrysler owner Cerberus Capital Management LP has signaled its willingness to give a...
Hedge Fund Hedges Their Bets
Countrywide Financial Corp., the home lender acquired by Bank of America Corp., was sued by Greenwich Financial Services Fund over claims an agreement to reduce payments on mortgages by $8.4 billion would hurt investors. ... In the proposed class act...
