Apr 2, 2013 On Thursday, American Airlines and US Airways officially announced their long-rumored merger. And Warren Buffett's Berkshire Hathaway said it made a match with Ketchup giant Heinz, in a deal worth billions.
Feb 14, 2013 Investors are digesting a mega airlines merger and major ketchup acquisition this morning. Is the activity a coincidence or part of a larger trend?
Feb 7, 2013 American is emerging from bankruptcy. US Airways needs a big brother. Will the latest deal to create the biggest airline happen this time?
Jan 29, 2013 OpenTable, one of the biggest online restaurant reservation sites, will pay $10 million for Foodspotting and its hordes of amateur photographers.
Jan 17, 2013 One of the biggest mining companies in the world has just lost its CEO. Tom Albanese resigned from Rio Tinto after the company wrote off a $14 billion loss.
Jan 15, 2013 The world's largest platinum producer Anglo American Platinum, also known as Amplats, is planning to close down some of its South African mines and cut around 14,000 jobs. The announcement comes after a series of strikes across the mining sector of South Africa at the end of last year in which mineworkers were demanding higher wages.
Dec 27, 2012 Private-equity group Blackstone plans a public stock offering of SeaWorld Entertainment. The home of Shamu is now profitable but heavily indebted.
Jan 15, 2013 It's another sign the global business world has become less centralized and more diffuse. The company poised to buy the New York Stock Exchange for more than $8 billion is based not in a world financial center, but in Atlanta.
Dec 3, 2012 America’s biggest airline, Delta, is reported to be bidding for a big stake in Sir Richard Branson’s Virgin Atlantic. The deal could lead to Branson giving up control of the carrier he founded.