Ryan pointed us to an article on Orbitcast about a rumored fee hike by Sirius XM. The increases appear to be for services that aren’t strictly protected by the FCC agreement, which is why they would legally be able to do this despite promises that they wouldn’t raise rates for 36 months after the merger.
mergers
Delta To Add $15 First Checked Bag Fee
By 11.5.08
The AP says that the new mergeriffic Delta will be adding a $15 fee for the first checked bag and $25 for the second checked bag when traveling domestically, which is consistent with Northwest’s existing policies.
By 10.22.08
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Wachovia announced their $23.7 billion third quarter loss with an all-too-easy-to-mock pre-taped conference call. “Let’s just close our eyes and imagine what the combination of Wells Fargo and Wachovia will create,” said CEO Bob Steel. We suppose that does make it easier not to rudely stare at the number “23,700,000,000.” [WSJ Deal Journal]
Giddyup! Wells Fargo Rides In And Steals Wachovia From Citibank!
By 10.3.08
Attention Wachovia customers: Wells Fargo just rode on on that stagecoach thing of theirs and stole your bank from Citibank, says the NYT. Rather than pick apart the pieces of Wachovia, Wells Fargo is going to buy the whole darn thing.
By 10.3.08
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Surprise! Wells Fargo is buying Wachovia, even though Citibank said at the beginning of the week that it was going to. (Check out the full post here.) Unlike Citibank, Wells Fargo will absorb all parts of Wachovia, including its securities and retail brokerage biz, in a “$15.1 billion all-stock merger.” [DealBook] (Thanks to Stephen!)
March Madness-Style Bracket Makes Bank Mergers Fun
By 9.30.08
TechCrunch has posted this “March Madness” style bracket of the recent financial meltdown. It was reportedly created by a general partner at Sansome Partners named Mark Slavonia, says TC.
FCC Approves Sirius-XM Merger
By 7.26.08
Space. The final frontier. These are the voyages of Sirius-XM. Its continuing mission: to explore strange new anti-consumer practices. To seek out new revenue streams and crowd out new competitors. To boldly safeguard the dangerous monopoly granted last night by the FCC.
17 Signs You May Be Out Of A Job Soon
By 4.29.08
If you’re still on the fence about whether to spend your stimulus check, pay off debt with it, or stock up on ramen noodles, this checklist may help you decide. Some of the tips are pretty unnecessary—”your job duties are marginalized” and “your company plans to move to a smaller building” shouldn’t be hard to decipher. It never hurts to remind yourself about some of the signs of an impending downsize, however.
American Airlines Flirting With US Airways On Possible Merger
By 4.25.08
An unnamed source has told Reuters that American Airlines is in talks with US Airways about a possible merger—and that it’s also in talks with Continental about sharing passengers! Meanwhile, Continental is currently in talks with United about a possible merger of its own, and has said it will only choose one partner eventually. United, on the other hand, is not only pursuing Continental but is also in talks with US Airways about a merger. Yes, we have an airlines romantic triangle, folks. Someone’s heart is going to end up broken.
By 4.15.08
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Delta and Northwest have finally agreed to merge together and form the world’s crappiest airline. The new airlines will be known as “Delta.” Are airline mergers like bank mergers, where the losing party in the deal usually gets to become the new namesake? [NYT]
By 3.25.08
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The DOJ has approved a merger between Sirius and XM satellite radio, ruling that there wasn’t enough evidence to show that it would result in higher prices for consumers. We’ll see. [OrbitCast]
By 1.10.08
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Stock market to Delta: “Just merge with someone already.” Yeah, Delta. Pick someone so we know which airline we’ll never be using again as long we live. (Ooooh, that was mean.) [NYT]
By 12.14.07
../../../..//2007/12/14/ftc-head-said-she-wont/
FTC head said she won’t recuse herself from the review of Google’s acquisition of the DoubleClick online advertising firm, despite petitions by some consumer groups alleging conflict of interest. [AP]
Consumer Groups Ask FTC Head To Recuse Herself
By 12.13.07
Two consumer groups have asked Deborah Platt Majoras, the chair of the FTC, to recuse herself from the antitrust review of Google’s purchase of Doubleclick. Majoras is married to a partner at Jones Day law firm, which represents Doubleclick.
AT&T Looking To Purchase DirecTV?
By 10.25.07
The Wall Street Journal has it in their pretty little heads that AT&T is in the market for either EchoStar or DirecTV. And hey, why not? AT&T owns everything else.
AT&T Promises Nationwide Naked DSL By The End Of The Year
By 9.20.07
Naked DSL, (DSL without the requirement to have a landline), will be available nationwide by the end of the year, according to statement made by AT&T to the Wall Street Journal.
What's Wrong With Macy's? Second Quarter Profit Drops 77%
By 8.17.07
According to the Chicago Sun-Times, Macy’s has cut their yearly outlook after their second quarter profits dropped 77%. What’s the big problem?
