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NEWS
August 2, 1997 | MELINDA FULMER, SPECIAL TO THE TIMES
One of Orange County's pioneer developers of planned communities, the Mission Viejo Co., will be sold to J.F. Shea Co., an expanding Southern California building firm, it was announced Friday. The deal is expected to fetch more than $400 million, although terms were not disclosed by Philip Morris Cos. Inc., which has owned the Mission Viejo Co. since 1972. Shea will acquire about 900 acres of undeveloped land in Mission Viejo and Aliso Viejo, and 3,600 acres in Colorado.
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BUSINESS
April 11, 2014 | By Ricardo Lopez
The ports of Los Angeles and Long Beach are like the Coke and Pepsi of U.S. maritime transportation. They seem similar, they dominate the competition but they have a long history of less-than-friendly rivalry. Now, an independent commission's proposal to merge the neighboring harbors is being met with skepticism. The L.A. 2020 Commission, made up of prominent business, labor and civic leaders, on Wednesday unveiled a series of recommendations that included merging the ports of Los Angeles and Long Beach.
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NEWS
September 30, 1990 | CAROL J. WILLIAMS, TIMES STAFF WRITER
West Germany is scrambling to prepare for an impending invasion from the East on a scale that North Atlantic Treaty Organization war games never dared to imagine. On Wednesday, the entire 90,000-strong East German Volksarmee will join forces with the West German Bundeswehr in a military merger of former foes.
BUSINESS
March 26, 2014 | By W.J. Hennigan
About 150 employees at rocket engine maker Aerojet Rocketdyne in Canoga Park were told Wednesday that they would be laid off as part of a companywide reduction that the company says is related to last year's merger. Aerojet Rocketdyne was created by the sale of Rocketdyne to GenCorp Inc. for $550 million, a deal that was finalized last summer. It brought together two major California rocket companies - and longtime competitors. GenCorp already owned Aerojet, the Sacramento aerospace firm founded in 1942.
BUSINESS
February 15, 2001 | ANA BEATRIZ CHOLO, TIMES STAFF WRITER
Casual attire may rule in the office, but as men find themselves needing a tux more than once a decade, a rise in rentals is fueling a national consolidation in the men's formal-wear industry. Gary's Tux Shops of Van Nuys on Wednesday agreed to merge with Chicago-based Gingiss Formalwear in a stock transaction to create the first nationwide chain of tuxedo rental stores. Additional terms of the deal were not disclosed.
BUSINESS
November 4, 1994 | From Times Staff and Wire Reports
Takeovers Headed for Second-Biggest Year: U.S. corporate takeovers are headed for their second-highest annual level, based on the strength of mergers in telecommunications, media and medicine. The value of announced mergers and acquisitions in the first 10 months of 1994 totaled $284.4 billion, according to Securities Data Co., which tracks financial markets. The year's totals will probably surpass the $292.9 billion mark set in 1989, Securities Data said. A record of $335.
BUSINESS
January 26, 2014 | By Hugo Martín
The nation's airline industry has undergone so many mergers in the last decade that only four airlines and their regional carriers control more than 80% of all domestic air traffic. Despite warnings from consumer advocates, the merger mania is having a positive effect on the industry and is partly responsible for keeping fares low, according to a new study by PwC, the auditing and consulting firm formerly known as PricewaterhouseCoopers. The latest major airline merger was approved last month when American Airlines agreed to unite with US Airways to create the world's largest carrier.
ENTERTAINMENT
December 3, 2013 | By Meg James
The improving global economy has given media executives confidence for fiscal improvement in 2014 -- a year that could be punctuated by mergers and acquisitions in the media and entertainment sectors, according to a new report. Consulting firm Ernst & Young on Tuesday released its 9th Capital Confidence Barometer for the media and entertainment industry. The report -- a survey of senior executives of large media companies -- is intended to glean corporate concerns and boardroom trends.
CALIFORNIA | LOCAL
November 1, 1995
Re mergers: Why aren't environmental impact studies conducted prior to the merger of giant corporations? Why are we outraged by the destruction of a rodent's habitat, yet do nothing when thousands of people lose their jobs so corporate executives can line their pockets in the name of efficiency? MARGARET MOOD Santa Ana
BUSINESS
November 28, 1998
* France's Rhone-Poulenc and Germany's Hoechst are expected to announce a merger of their drug and agricultural-chemical businesses as early as Monday, sources told Reuters. The merger would create the world's largest "life sciences" group, with a combined stock market value of about $46.78 billion. American depositary receipts of Hoechst rose 25 cents to close at $44.63 and Rhone-Poulenc's rose $1.06 to close at $51.19 on the NYSE.
BUSINESS
February 27, 2014 | By Hugo Martín
American Airlines has eliminated its so-called bereavement fares for people who need to book a last-minute flight because of the death of a loved one. The airline, which is merging with US Airways, said it discontinued the fare as of Feb. 18 to be consistent with the policies of US Airways. In the past, American Airlines offered a bereavement fare that was lower than typical last-minute fares but varied based on route, departure time, availability and other factors. In a statement, the airline said: "With the advent of more choices, lower cost carriers and larger networks, the industry has started to move away from bereavement fares because walk-up fares are generally lower than in the past, and customers now have more opportunities to find affordable fares at the last minute.
BUSINESS
February 18, 2014 | By Hugo Martín
United Airlines' computer systems shut down briefly Tuesday, delaying takeoffs and frustrating passengers. The system problems that began in the morning represented the latest malfunction for the nation's third-largest carrier since United switched over to the computer systems of merger partner Continental Airlines starting in 2012. In a statement, the airline said: "This morning we experienced intermittent issues with our passenger service computer system, causing some flight delays.
OPINION
February 14, 2014 | By The Times editorial board
The proposed merger between Comcast and Time Warner Cable, the country's two largest cable TV operators, generated a predictable wave of outrage from opponents of corporate consolidation. With about 30% of all pay-TV customers served by its wires, the combined company would have extraordinary leverage when negotiating with television networks over the fees for their programming. It also would be the gatekeeper to a third of all U.S. homes with broadband. Those are scary scenarios for consumers and content companies.
ENTERTAINMENT
February 14, 2014 | By Joe Flint and Meg James
Comcast Corp.'s $45.2-billion stock deal for Time Warner Cable would create a media juggernaut with revenue approaching $100 billion and more than 30 million customers, including more than 1.5 million in the Los Angeles metropolitan area. "We view this as a merger that creates a company on the leading edge of innovation, a company committed to investing in networks, products and services that deliver the customer the best possible experiences," Comcast Chief Executive Brian Roberts said on a call with Wall Street analysts.
BUSINESS
February 13, 2014 | By David Lazarus
So will Comcast's roughly $45-billion merger with Time Warner Cable be good for consumers? To no one's surprise, Comcast Chief Executive Brian L. Roberts said Thursday that the answer is a resounding yes. Consumers will be the big winners here, he said. In Roberts' words, the merger would be "pro-consumer," "pro-competitive" and "in the public's interest. " But will it? The merger would allow Comcast to dominate the cable industry and to be the big dog in 19 of the nation's 20 largest pay-TV markets.
ENTERTAINMENT
February 13, 2014 | By Saba Hamedy
Comcast's deal to buy Time Warner Cable is not fantastic, it's “#ComCrapstic,” according to some Twitter users. The proposed $45-billion transaction has sparked social media solidarity among those who hate Comcast, Time Warner Cable or both. Many users took to Twitter to complain about the potential merger, using hashtags such as “#Comcastsucks” “#Ihatecomcast” and “#monopoly.”  However, Comcast backlash is not new - websites have popped up over the last few years denouncing the company.  One such site, comcastsucks.org, has a simple message: “This site is dedicated to letting Comcast know what they need to do to (hopefully)
BUSINESS
October 9, 2009 | Ben Fritz
Sorry, old chum. Ticketmaster Entertainment Inc. and Live Nation Inc. may have to divest assets in the United Kingdom to go ahead with their proposed merger, British regulators said Thursday. The Competition Commission, which investigates mergers for the British government, issued a provisional ruling that the merger of ticketing giant Ticketmaster and concert production company Live Nation could "severely inhibit" German ticketing company CTS Eventim. CTS signed a deal before the proposed merger was announced in February to sell tickets to music events for Live Nation in Britain.
BUSINESS
May 18, 1999 | Reuters
Health-care communications technology company Synetic Inc. said it will buy Medical Manager Corp., a medical practice management software company, in a stock deal valued at about $1.3 billion. The combined entity would be called Medical Manager. The deal would give Elmwood Park, N.J.-based Synetic a boost in the race to link the nation's doctors and their desktop computers with health plans, clinical labs, pharmacy benefit managers and other health-care players in an online network.
BUSINESS
January 26, 2014 | By Hugo Martín
The nation's airline industry has undergone so many mergers in the last decade that only four airlines and their regional carriers control more than 80% of all domestic air traffic. Despite warnings from consumer advocates, the merger mania is having a positive effect on the industry and is partly responsible for keeping fares low, according to a new study by PwC, the auditing and consulting firm formerly known as PricewaterhouseCoopers. The latest major airline merger was approved last month when American Airlines agreed to unite with US Airways to create the world's largest carrier.
BUSINESS
January 26, 2014 | By Hugo Martin
The nation's airline industry has undergone so many mergers in the last decade that just four airlines and their regional carriers control more than 80% of all domestic air traffic. And despite warnings from consumer advocates, the merger mania is having a positive effect on the industry and is partly responsible for keeping fares low, according to a new study by PWC , the auditing and consulting firm formerly known as PricewaterhouseCoopers. The latest major airline merger was approved last month when American Airlines agreed to unite with US Airways to create the world's largest carrier.
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