According to a report by the South China Morning Post, the approved merger of American Airlines and US Airways to form the largest airline by revenues in the world is not good news for passengers.
Tags: US
UK investor Vitruvian raises USD1.6 billion in fundraising for second fund
UK-based independent private equity firm Vitruvian Partners closed USD1.6 billion (EUR1.2 billion) in a fundraising round for its second fund, the Vitruvian Investment Partnership II (VIP II).
Bridgepoint agrees to Cambridge Education deal
European private equity company Bridgepoint has agreed to acquire pre-university training firm Cambridge Education Group (CEG) from London-based investor Palamon Capital Partners for GBP185 million.
German startup Wywy bags USD7 million in Series B funding for expansion
Germany-based second screen TV startup Wywy announced that it has secured USD7 million in Series B funding for its expansion to Europe and the United States.
US firm PaxVax scores USD22 million in Series B for late-stage cholera vaccine
California-based pharmaceutical company PaxVax Inc raised USD22 million in a Series B funding round for the late-stage trial of its single-dose oral cholera vaccine for travelers.
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Ohio-based plastic compound and resin supplier A. Schulman Inc announced the completion of its acquisition of US engineered plastics distribution business Network Polymers Inc in a deal valued at USD49.5 million.
Japanese electronics company TDK Corporation on Monday said that its Thailand-based subsidiary Magnecomp Precision Technology will buy two HDD-related companies from American manufacturer Entrotech Inc.
GrainCorp Ltd chief executive Alison Watkins has resigned just days after the Australian government rejected a takeover offer from US agricultural giant Archer Daniels Midland Inc, and will head the Coca-Cola Amatil Ltd starting March.
SwissRe's recent report titled "Global insurance review 2013 and outlook 2014/15" provided an otherwise positive global economic outlook, which was a good sign in the non-life business as more people will seek financial protection for their properties.
Student rental marketplace FlatClub raised USD1.5 million from angel investors and venture capitalists to build more transient rooms and apartments across the US and Europe.
Australia-based IDP Education, the world's largest provider of international student placement, is considering the sale of its shares through an initial public offering (IPO) in 2014.
Charter Communications Inc is raising USD25 billion in debt to fund the acquisition of Time Warner Cable Inc, according to a source familiar with the matter.
Bankruptcy judge Sean Lane dismissed a private effort to block the merger between US Airways and AMR Corp and gave the clearance to allow the transaction to proceed.
Online shopping website Amazon is set to dominate this holiday season, rising above other ecommerce rivals and traditional retailers and hitting a 54% increase in its stock this year.
