April 16, 2013 |
Dish Network Corp. is taking a run at Sprint. The satellite television company made an unsolicited $25.5-billion bid for Sprint Nextel Corp. on Monday in an attempt to marry one of the nation's biggest pay-TV providers with the third-largest U.S. wireless carrier. A merger would give Dish the ability to package Internet and phone service with its satellite offerings. "A transformative DISH/Sprint merger will create the only company that can offer customers a convenient, fully integrated, nationwide bundle of in- and out-of-home video, broadband and voice services," Dish Chairman Charles W. Ergen said.
April 9, 2013 |
Federal budget cutters are merging the two West Coast administrative regions of the National Marine Fisheries Service, a move that could leave California at a disadvantage. The merger will create one administrative region for the West Coast, saving an estimated $3 million in management costs. Currently the agency has two West Coast regions: The Southwest, headquartered in Long Beach, oversees California. The Northwest, based in Washington state, covers Washington, Oregon and Idaho.
April 8, 2013 |
ATHENS - Greek bank stocks plunged 30% on Monday, the maximum allowed in a day, after plans to merge the country's two biggest lenders were suddenly frozen. The surprise freeze came amid testy talks between the government and international lenders, and renewed fears about Greece's efforts to fix its faltering economy. The European Commission, the European Central Bank and the International Monetary Fund are keeping Greece afloat with a multibillion-dollar rescue package in exchange for strict fiscal reforms.
March 19, 2013 |
The proposed merger of American Airlines and US Airways will reduce competition and lead to higher fares, critics of the union argued before a U.S. Senate panel Tuesday. But supporters of the merger said the creation of the nation's largest airline will improve service and protect the jobs of hundreds of airlines workers. The testimony came Tuesday before the Senate Subcommittee on Antitrust, Competition Policy and Consumer Rights. The merger, which was announced last month, must still get approval of the U.S. Department of Justice and the judge overseeing the bankruptcy proceeding of AMR Corp., the parent company of American Airlines.
March 12, 2013 |
Defending its proposed merger with T-Mobile, MetroPCS on Tuesday urged its shareholders to approve the deal, which is under regulatory review. In a letter to shareholders , Roger D. Linquist, chief executive of MetroPCS Communications, Inc., called the low-cost wireless carrier's planned combination with T-Mobile USA Inc., announced last year, "the best strategic alternative for our stockholders. " Linquist's letter follows criticism of the proposal by two major shareholders: P. Schoenfeld Asset Management, a hedge fund leading a challenge against the transaction, and Paulson & Co., which owns 9.9% of MetroPCS stock.
March 12, 2013 |
The Federal Communications Commission has approved the merger of T-Mobile USA and MetroPCS. The deal still has to be approved by MetroPCS shareholders during an April 12 meeting. “With today's approval, America's mobile market continues to strengthen, moving toward robust competition and revitalized competitors," FCC Chairman Julius Genachowski said in a statement. The carriers announced the proposed deal in October, saying a merger would create a stronger carrier focused on value.