Circuit-board makers Merix Corp. and Viasystems Group to mergeOctober 6th, 2009 Merix Corp. to merge with Viasystems GroupBEAVERTON, Ore. — Circuit-board maker Merix Corp., of Beaverton, Ore., will merge with Viasystems Group Inc., a St.
Calif. will begin redeeming IOUs as interest payments will cost taxpayers nearly $10 millionSeptember 3rd, 2009 Calif. to pay nearly $10 million on IOU interestSACRAMENTO, Calif. — California taxpayers will pay nearly $10 million in interest on the nearly half a million IOUs the state has issued this summer.
Continental's CEO heir apparent discusses the ideal merger partnerJuly 21st, 2009 On the Call: Southwest President Jeff SmisekContinental Airlines Inc. was close to combining with United Airlines last year until Continental broke off talks, according to several sources close to the talks — neither airline ever confirmed the discussions.
Kirin and Suntory, Japan's 2 biggest beverage makers, considering a mergerJuly 13th, 2009 Japan's top 2 beverage makers considering mergerTOKYO — Japan's top two beverage makers, Kirin and Suntory, are considering merging their operations, a Suntory spokesman said Monday. A merger would create the world's fifth largest food company by sales, just behind Kraft Foods Inc.
Japan's Shinsei and Aozora Banks agree to mergeJuly 1st, 2009 Japan's Shinsei and Aozora Banks agree to mergeTOKYO — Japan's Shinsei Bank Ltd. and Aozora Bank Ltd.
Swiss mining giant Xstrata seeks 'merger of equals' with rival Anglo-AmericanJune 21st, 2009 Miner Xstrata seeks merger with Anglo AmericanZUG, Switzerland — Swiss mining giant Xstrata PLC said Sunday it is seeking a merger with rival Anglo American PLC. Xstrata said it "recently sent a written proposal to the board of Anglo American seeking their consideration of a merger of equals of the two companies."
"A merger of these two world-class companies with complementary assets is highly compelling," the company said in a statement posted on its Web site, adding that substantial cost savings could result if the deal proceeds.
Delta to cut capacity more than expected as declining revenue overtakes merger benefitsJune 11th, 2009 Delta cutting more capacityATLANTA — Delta Air Lines Inc. will shave additional capacity later this year as it warns that more than $6 billion in benefits it expected from lower fuel prices, its merger with Northwest Airlines and previous capacity reductions will be overtaken by declining revenues.
Regulators probe Japan's Aozora Bank for possible insider tradingJune 4th, 2009 Aozora Bank probed for possible insider tradingTOKYO — Japanese regulators are investigating a possible case of insider trading at Aozora Bank Ltd., the midsize lender said Thursday. Local media reported that the Securities and Exchange Commission raided the bank's headquarters in central Tokyo and questioned an employee in its loan division.
China Unicom says 1Q profit $525 million following merger with rival China NetcomApril 29th, 2009 China Unicom says 1Q profit $525 millionBEIJING — China Unicom Ltd., one of China's three major state-owned phone companies, said Wednesday it earned 3.6 billion yuan ($525 million) in the first quarter following its merger with rival China Netcom. The profit for the three months ending March 31 was equal to 0.15 yuan per share, the Beijing-based company said.
AP Executive Morning BriefingApril 22nd, 2009 AP Executive Morning BriefingThe top business news from The Associated Press for the morning of Thursday, July 2, 2009:
June jobless rate seen rising to 9.6 percent
WASHINGTON (AP) — Out-of-work with no place to land, the legions of America's unemployed are growing. The Labor Department is scheduled to release a report Thursday expected to show the nation's unemployment rate edging closer to double digits.
Japan's foreign reserves rise above $1 trillion in MarchApril 7th, 2009 TOKYO - Japan's foreign reserves exceeded $1 trillion in March, thanks to gains in the appraisal values of its US Treasury bond holdings and euro-denominated assets, the finance ministry said Tuesday. The nation's foreign reserves totalled $1.02 trillion, up from $9.2 billion in the previous month.
GoAir denies merger talks with SpiceJet, says expansion on trackMarch 25th, 2009 NEW DELHI - Denying reports that the company was in talks with budget carrier SpiceJet for a possible merger, low-cost operator GoAir Wednesday said its expansion plan was on track despite bad market sentiments. 'We are not looking at any kind of consolidation or merger with SpiceJet or any other airline.
Merger of Reliance Industries, fuel exporting arm approvedMarch 2nd, 2009 MUMBAI - In one of the largest merger deals in India, Reliance Petroleum will merge with its parent and the country's biggest company, Reliance Industries, in what the promoters say will create better synergies for them in the hydrocarbons space. The board of the two companies met here Monday to unanimously approve the merger in the ratio of one share of Reliance Industries for every 16 shares of Reliance Petroleum.
Imminent merger to create second-largest French bankFebruary 27th, 2009 PARIS - The French banks Banque Populaire and Caisse d'Epargne have announced the conditions for their imminent merger, creating the country's second-largest bank. The French government is to take a 20 percent share of the new banks through up to 5 billion euros ($6.5 billion) in subordinated loans, it was announced here Thursday.
Two British banks merge in wake of credit crunchJanuary 20th, 2009 LONDON - Two of Britain's biggest customer-owned banks are to merge to create a new business in a streamlining effort resulting from the credit crunch, it was announced Wednesday. Co-operative Financial Services (CFS) and Britannia building society said they agreed a deal that would create a business with assets of 70 billion pounds ($97 billion), nine million customers and more than 12,000 employees at 300 branches.
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