WASHINGTON, Sept 18- Microsoft Corp urged the Federal Communications Commission to approve AT&T's Inc $48.5 billion bid for DirecTV, saying in a filing that the acquisition is crucial to expanding Americans' access to the internet. The letter, which was dated Sept. 16 and released publicly on Thursday, comes as the FCC conducts a formal review of the merger.» Read More
NEW YORK— Chiquita and Fyffes say there may be some concessions made in their merger agreement to ensure that it is approved by European regulators. The European Commission, which is reviewing the proposed tie-up, has extended that evaluation by 10 days after discussions with Chiquita and Fyffes, a fruit company based in Dublin.
Norman Young, Senior Equity Analyst at Morningstar, says the acquisition of the "Minecraft" gamemaker is a "good low-risk bet" that will shore up Microsoft's mobile strategy.
DALLAS— United Airlines reached a deal with the flight attendants' union to offer up to $100,000 in severance for workers who leave the company. The company, formed by a 2010 merger, has seen growth on what used to be Continental Airlines, which hired 485 flight attendants last year.
NEW YORK, Sept 15- Talk about further consolidation in the brewing industry was helping lift consumer staple stocks on the S&P 500, with the largest gainers Altria, in point terms, and Molson Coors, percentage-wise.
Hedge funds urged Ann Inc. to consider a sale to a private equity firm or another apparel company after poor performance.
NEW YORK, Sept 12- Satellite television service DirecTV expects its merger with wireless operator AT&T Inc to be completed next April, Chief Executive Mike White told investors at a conference on Friday. AT&T's $48.5 billion bid for DirecTV, announced in May, is being reviewed by U.S. regulators.
WASHINGTON, Sept 11- State attorneys general working to determine whether Comcast Corp's deal to buy Time Warner Cable Inc is legal have expanded their investigation to include AT&T Inc's plans to buy DirecTV, according to sources close to the merger probe.
BRUSSELS, Sept 11- European Union antitrust regulators approved on Thursday British broadcaster BSkyB's planned $9 billion takeover of Rupert Murdoch's pay-TV companies in Germany and Italy, which will make it the biggest pay-TV provider in Europe. The merged company will have operations in Britain, Ireland, Germany, Austria and Italy.
BRUSSELS— The European Union's antitrust authority says it is giving a conditional green light for the merger between shipping group Hapag-Lloyd AG of Germany and its Chilean rival Compania Sud Americana de Vapores.
Should Chiquita eventually see eye-to-eye with the investment firm Safra Group and Cutrale Group, a juice company, it could scuttle a proposed tie up with the Irish fruit company Fyffes, a merger that is far along in the process. There has also been pushback on a national level against the type of deal Chiquita is trying to engineer with Fyffes.
Venezuela's state-run oil company is seeking offers for its U.S. unit Citgo Petroleum in a deal that could fetch up to $10 billion.
Dollar General took its $9.1 billion offer for Family Dollar Stores hostile, directly approaching the shareholders of its smaller rival.
SAO PAULO, Sept 8- Banana producer Chiquita Brands International Inc has postponed a shareholder vote on a plan to merge with Fyffes Plc in order to engage in discussions with Safra Group and Grupo Cutrale regarding a $611 million unsolicited takeover bid.
SAO PAULO, Sept 8- Banana producer Chiquita Brands International Inc adjourned a shareholder vote on a plan to merge with Fyffes Plc in order to engage in discussions with Grupo Cutrale and Safra Group regarding a $611 million unsolicited takeover bid.
WASHINGTON, Sept 8- The No. 3 U.S. Senate Democrat has circulated a draft proposal to crack down on U.S. companies that invert, or merge with foreign competitors to get lower tax rates, and it would apply to deals as far back as 1994..
Sept 8- Banana producer Chiquita Brands International Inc said Fyffes Plc has granted it a waiver to engage in discussions with Cutrale and Safra Group regarding their $611 million takeover bid. Chiquita, which last month rejected the bid from the Brazilian companies, has been attempting to close a merger with Fyffes, announced in March.
CHARLOTTE, N.C.— Chiquita is postponing a vote on its proposed merger with the Irish fruit seller Fyffes as it awaits a new bid from another potential buyer. Chiquita said it has received a waiver from Fyffes allowing it to hold talks with investment firm Safra Group and Brazil's Cutrale Group, an agribusiness and juice company.
Dish Network Chairman Charlie Ergen is said to be discussing a T-Mobile U.S. deal with its parent Deutsche Telekom, Bloomberg reported.
However, a successful sale of the masts would help Vimpelcom cut Wind's debt, which stood at 9.6 billion euros in June and has so far proved one of the hurdles to a proposed merger with 3 Italia, the smallest of the country's four network operators behind Telecom Italia, Vodafone and Wind, the sources said.
It was not immediately clear why the talks stalled, but this comes as U.S. companies considering tax inversions come under intense pressure.