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Entries tagged "Northwest"Dept. of Justice clears Delta's purchase of NorthwestThe Department of Justice on Wednesday closed its investigation into Delta Air Lines Inc.'s $3.1 billion deal to buy Northwest Airlines Corp., clearing the way for a deal that would create the world's largest airline.... Union objections could be a sign of trouble ahead for Delta/NorthwestDelta Air Lines Inc. Thursday got a taste of what difficulties might lie on the horizon as it attempts to integrate work groups following its merger with Northwest Airlines Corp.... Delta/Northwest pilots approve joint contractPilots at merger partners Delta Air Lines Inc. and Northwest Airlines Corp. on Monday approved a joint collective bargaining agreement, clearing a key obstacle to Delta's hope of integrating the two airlines without major issues.... Unions get forum to vent ahead of Delta-Northwest dealCongress held another hearing on the proposed Delta Air Lines Inc.-Northwest Airlines Corp. merger on Wednesday, providing labor groups opposed to the deal a chance to vent but seemingly doing little to keep the transaction from closing as scheduled by year's end.... The Deal Calendar: July 28-Aug. 1, 2008The Deal's Mary Kathleen Flynn of Tech Confidential and Suzanne Stevens of Corporate Dealmaker discuss the dealmaking events for the week of July 28, 2008.... The Street jumps as oil slumpsThe much needed relief in oil prices on Tuesday picked up from where it left off last week, sending the broader market and Deal Stocks soaring. Light sweet crude oil slid $3.09 to settle at $127.95 per barrel, and the Dow Jones Industrial Average ticked up 135.16 points to close at 11,602.50. ... Delta, Northwest pilots strike dealDelta Air Lines Inc. said Tuesday, June 24, it has reached an agreement with its pilots and aviators at merger partner Northwest Airlines Corp., clearing a key hurdle in the planned integration of what would be the world's largest airline. ... Discounter Sun Country to ask state for assistance paying its fuel billDiscounter Sun Country Airlines Inc., which is desperately trying to outrun the grim reaper, is preparing to ask its home state of Minnesota for as much as $50 million in aid to help it deal with sky-high fuel prices.... Dealwatch: Airline consolidationWhile airline bankruptcies dominate headlines right now, buzz about M&A among carriers abounded for awhile. It has faded in the last month, as carriers keep taking themselves out of the running. Meanwhile, the industry braces for new cuts. ... The Deal Calendar: June 2- 6, 2008This week on The Deal Calendar airline mergers are in the air. Mary Kathleen Flynn spoke with The Deal's Greg Johnson about Delta Air Lines' merger with Northwest Airlines. ... UAL-US Air deal unravels as markets remain quietThe airline sector is falling fast, attributed primarily to the hike in fuel prices, labor costs and congested skies. The latest casualties of the airline sector include US Airways Group Inc. [LCC] and UAL Corp., which abandoned their proposed merger. Meanwhile, British business airline Silverjet plc suspended flights because of a lack of cash to operate. Overall, the markets cautiously pushed forward as the Dow increased 15.22, or .1%, to 12,660.39, and the Nasdaq inched up 14.50%, or .6%, to 2,522.82. Here's a closer of the performance of Deal Stocks in Friday midday trading:... Deal Stocks, broader market bullish on positive economic newsIt doesn't take much to lift the stock market these days as investors latch on to any sign of an economic turnaround amid rising fuel costs, food price inflation and escalating home foreclosures. Wednesday was no exception, with the Dow Jones Industrial Average gaining 66.20 points, to close at 12,898.38, following a Labor Department report that consumer prices for April advanced 0.2% after a 0.3% March rise, alleviating fears of a significant up-tick in prices on energy costs. Fuel cost concerns were also tempered, at least for the day, as light sweet crude oil fell from record levels by $1.58... Top tagsYou have executed a tag search on Dealscape. On the left,you will find a comprehensive list of stories tagged "Northwest." Below are the most-popular tags for Dealscape. On the right of the page you will find a search box to dig deeper into our content.
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