Volkswagen wants to challenge Toyota to be the world’s top carmaker, David Jolly and Jack Ewing write for The New York Times. In one sign of its ambition, the German carmaker’s chairman, Ferdinand Piëch, joked at the Paris Motor Show that “13 is my lucky number,” a reference to the number of brands he thinks [...]
Bank of Nova Scotia’s two recent acquisitions suggest Canada’s No.3 bank is starting to make good on its pledge to find strategic growth opportunities, and more deals are likely to follow soon, Reuters reports. Like other Canadian banks, Scotia emerged from the global financial crisis in relatively good shape, and Canadian regulators earlier this month [...]
EMusic, the subscription digital music service, is close to wrapping up deals with the last two major labels in time for a planned relaunch in November, its chief executive told Reuters. The 12-year old start-up is working on deals with Vivendi’s Universal Music Group and EMI Group in the coming weeks, a move that would [...]
British Airways and Iberia have identified possible acquisition targets to pursue once their own merger completes, with Asia seen as a key region for expansion, Reuters reported. Shares in Kingfisher Airlines, India’s second-largest private carrier, jumped on Monday after B.A.’s chief executive, Willie Walsh, told reporters in Mumbai that B.A. and Iberia had compiled a [...]
“It’s not a suicide pact. It’s a merger agreement.” Those words, attributed to a person close to the Blackstone Group, were spoken as the financial crisis was building up steam in early 2008. They provide a good T-shirt slogan for private equity’s response to the credit crunch. During that time, private equity firms repeatedly and [...]
For those who have been more focused on the big business events over the summer, including most recently Marc V. Hurd’s messy departure from Hewlett-Packard, there have been several interesting events occurring under the radar. Here is a look at some of them: Maui Land and Pineapple Despite its idyllic name, Maui Land and Pineapple [...]
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