LONDON, June 17- European shares recovered on Monday as talk of takeover activity in the telecoms sector helped stock markets claw back losses suffered in the previous week. The STOXX Europe 600 Telecoms Index was the best-performing sector, rising 1.6 percent after speculation that AT&T was interested in Spain's Telefonica, which was denied by Telefonica.» Read More
CNBC's Phil LeBeau reports the latest on a developing merger deal between American Airlines and U.S. Airways, and also an update on the 787 Dreamliner.
CNBC's Phil LeBeau has the update on two big developments coming from the aviation sector this morning. Boeing has a plan to fix its 787 battery problem, and a merger in the works to create the world's largest airline.
Michael Boyd, Boyd Group International chairman, discusses Boeing's new battery plan for its troubled Dreamliner; and weighs in on a mega deal brewing between American Airlines and U.S. Airways.
Feb 6- A group of lawsuits by shareholders objecting to the sale of the New York Stock Exchange has put state judges in Delaware and New York on a collision course, highlighting a recent boom in a chaotic and sometimes costly type of litigation. The first lawsuit was filed by an individual investor in the Court of Chancery in Delaware, where NYSE is incorporated.
NEW YORK, Feb 5- Having a former top U.S. antitrust official on board was of little use in convincing regulators to bless Anheuser-Busch InBev SA's proposed $20.1 billion takeover of Grupo Modelo.
NEW YORK/ WASHINGTON- Feb 1- Anheuser-Busch InBev SA, Grupo Modelo and Constellation Brands Inc are discussing ways to address U.S. regulators' antitrust concerns over their mega-merger and expect to soon open settlement talks to avoid a trial, a source close to one of the companies said on Friday.
MILAN, Feb 1- Autogrill, the world's biggest airport retailer, may split its business in two, a move that could help revive its main food operation and lead to a merger for the retail division. The announcement of the possible split, which has been the subject of market speculation for the last two years, sent Autogrill shares to their highest since May 2011.
*Abu Dhabi cracking the whip with state-linked firms. DUBAI, Jan 30- The state-backed union of Abu Dhabi's two biggest property developers is likely just the first step in a wider consolidation that will see projects and state entities merged in a bid to stabilise the real estate market.
Kinder Morgan Energy Partners will buy natural gas pipeline operator Copano Energy for $3.22 billion to tap into growing demand for infrastructure in Texas and Oklahoma.
Private equity firms Apollo Global Management and C. Dean Metropoulos are near a deal to buy snack cake brands including Twinkies from bankrupt Hostess Brands, according to a source familiar with the matter.
MOSCOW, Jan 29- Two Russian billionaires have been shortlisted to buy a stake in Polyus Gold, sources said, in a deal which could pave the way for a merger with rival Polymetal to create a national gold mining champion.
Jan 28- The Transport Workers Union of America, which represents ground workers at American Airlines, said on Monday it has reached an agreement with US Airways Group Inc and AMR Corp that would grant immediate raises of 4.3 percent for its workers, should a merger of the two carriers take place.
Jan 28- The Transport Workers Union of America, which represents ground workers at American Airlines, said on Monday it has reached an agreement with US Airways Group Inc and AMR Corp that would grant immediate raises of 4.3 percent for its members should a merger of the two carriers take place.
*US Air, AMR yet to agree valuation, management team-sources. NEW YORK, Jan 25- US Airways Group Inc and American Airlines parent AMR Corp are in the final stages of negotiating a merger, with the final price and management structure still to be resolved, four people familiar with the matter said.
*Abu Dhabi govt, related entities to own 37 pct of new firm. ABU DHABI, Jan 21- Abu Dhabi's two biggest property firms have agreed a state-backed, all-share merger to create a business with $13 billion of assets which the government hopes can stabilise a market hit by oversupply and falling prices.
*Abu Dhabi govt, related entities to own 37 pct of combined firm. ABU DHABI, Jan 21- Abu Dhabi's two biggest property firms, Aldar Properties and Sorouh Real Estate, have agreed on a state-backed, all-share merger that would create a firm with $15 billion in assets and could help to stabilise the emirate's struggling real estate sector.
Jan 15- If American Airlines and US Airways Group merge, pilots of the carriers would initially be governed by the contract currently in place with American's pilots, according to terms of a memorandum disclosed on Tuesday.
There's a "50-50 chance" that Dell would be taken private — private equity billionaire Wilbur Ross told CNBC Tuesday, in reaction to reports that the computer maker is in talks with PE firms about a potential $20 billion-plus buyout.
Shares in Australia's Billabong International surged more than 12 percent on Tuesday after the struggling surfwear company received a second takeover proposal.
*Xstrata opts not to buy 51 pct stake in Roseby project. MELBOURNE, Jan 14- Australia's Altona Mining may sell its Roseby copper project or seek to merge itself with another firm after global miner Xstrata decided not to buy into the copper project in Queensland state, Altona's managing director said on Monday.