Entries tagged "alliance"
The parent of United Airlines Inc. walked away from the altar on Thursday, abandoning merger talks with US Airways Group Inc. in favor of pursuing an alliance with Continental Airlines Inc. US Airways and United parent UAL Corp. since late April had been in discussions about a potential deal that could have cut significant capacity out of their combined route network, a step toward the airlines regaining pricing power in the face of climbing fuel prices. ...
The Wall Street Journal's Deal Journal is reporting what could be a break in the logjam over Blackstone Group LP's proposed buyout of Alliance Data Systems Inc. According to Deal Journal, the Office of the Comptroller of the Currency, which regulates a credit card bank subsidiary of Alliance, held a conference call with the company and Blackstone and is now willing to cap the guarantee it has wanted from Blackstone....
