Top Stories

After twelve weeks of negotiating and three rejected bids, Microsoft finally decided that it had had enough and abandoned its ambitious bid to acquire Yahoo. The announcement followed... 2008-05-07

Continental Airlines ended merger talks with United Airlines on April 27. Continental's board stated that the risks outweighed the benefits, while it is reported that sources said... 2008-05-02

US confectionary group Mars has teamed up with billionaire investor Warren Buffett to make a US$23bn bid for chewing gum manufacturer Wrigley in a move which could trigger a reaction... 2008-05-01

It has been a bleak year so far for IPOs - so bleak, in fact, that it has taken a fertilizer company to provide some fuel to the fire. Investors seeking to take advantage of the ongoing... 2008-04-25

The April 23rd announcement by Liberty Mutual that it will buy Safeco Corp may be the first sign of insurance consolidation in the US. Liberty will pay US$68.25 per share for Safeco,... 2008-04-25

National City Corporation, the US's tenth-largest bank by deposits, became the latest bank to seek funds via external sources as the credit crunch is continuing to hit the US financial... 2008-04-23

Delta Air Lines and Northwest Airlines reached a merger agreement last week to create the world's largest passenger airline, a sign of the ongoing consolidation in the aviation industry,... 2008-04-17

The numbers from the ongoing credit crunch are rolling in, and they are ugly. The International Monetary Fund last week projected in its Global Stability Report that US$945bn in... 2008-04-11

Vikram Pandit, Citigroup's chief executive since December, has begun a major overhaul to enhance efficiency and beef up its balance sheet. The new strategy began in January and Citigroup... 2008-04-04

Preliminary figures from Dealogic on global M&A show that the first quarter has been the least active in terms of deal value since 2004. M&A was valued at US$625bn, down 40%... 2008-04-04