Who would have imagined that the Delta (NYSE: DAL) merger with Northwest (NYSE: NWA), which was announced yesterday, could be scuttled by a merger of Continental (NYSE: CAL) and United (NASDAQ: UAUA)?…
According to Reuters, Northwest (NWA) and Delta (DAL) will merge to create the world’s largest airline. Reuters writes that the profit at Bear Stearns (BSC) fell 79%. Reuters reports that Continental (CAL)…
The revived merger between Delta (DAL) and Northwest (NWA) is based on the premise that, in a airline industry depression, two carriers mashed together work better than if they remained independent. It…
Douglas A. McIntyre According to Reuters, Blockbuster (NYSE:BBI) said it has offered to buy Circuit City (NYSE:CC) for $6 to $8 in cash. Reuters writes that a merger between Delta (NYSE:DAL) and Northwest (NYSE:NWA) could…
The on-again, off-again merger between Northwest (NYSE: NWA) merger with Delta (NYSE: DAL) appears ready to go through. The deal could be hurt by the fact that the pilots have not signed…
Douglas A. McIntyre Frontier (NASDAQ: FRNT) filed for Chapter 11 joining ATA and Aloha Air. According to MarketWatch "The airline said the decision was taken after its principal credit-card processor unexpectedly said it would start…
According to Reuters, Bernanke says that the current financial system can be fixed. Reuters writes that Google (GOOG) is using Frank Quattrone as its investment bank advisor. Reuters reports that banks involved…
Oasis Airlines in Hong Kong is shutting down. According to MarketWatch "Oasis Chief Executive Stephen Miller told a news conference all flights were being canceled immediately." Oasis gets to join a growing…
According to Reuters, Citigroup (C) will sell $12 billion in troubled loans to a group of private equity firms. Reuters reports that some members of the Fed believe that the US will…
It’s that magic time of the economic cycle, all over again. Investors run screens galore for cheap stocks to hide money in during a consumer and credit recession. One group keeps showing…
The argument that airline mergers improve profits is debatable. Combinations doe not save on fuel costs. Unions often use the marriages as ways to get wage concessions. The last thing a new…
Douglas A. McIntyre According to Reuteres, Novartis will buy Nestle’s Alcon stakes for $39 billion. Reuters writes that Microsoft (MSFT) has given Yahoo! (YHOO) a dealine for buy-out talks. Reuters writes that Yahoo! will inform…
In all industries staying out of Chapter 11 is a badge of honor. The sole exception to that is the airline business where bankruptcy is embedded in the culture like ticks are…
Skybus became the latest US airline to close its doors. Over the last week Aloha Airlines and ATA have also shut down. Northwest (NYSE: NWA) announced that it would raise passenger fares…
At Aloha Airlines the reason for Chapter 11 was high fuel costs and too much competition. Overnight ATA Airlines went into bankruptcy because it lost a key military contract. As the reasons…
