British Airways and Spain’s Iberia are in talks to create the world’s third-largest airline and inject some “long-overdue” consolidation in the industry, in the words of BA CEO Willie Walsh.
Where would a combined BA-Iberia leave American Airlines, which was in talks to form a transatlantic alliance with the two airlines? Would a BA-Iberia merger scuttle […]
Posted on July 31st, 2008 by
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More bad news for newspapers this week: The New York Times Co. reported disappointing second-quarter earnings on Wednesday, sending the stock tumbling 82% to roughly half its price from a year ago. That’s just the start:Overall newspaper circulation is do
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When Portfolio magazine launched in April, it did so during one of the toughest down cycles for the publishing industry. In part two of my conversation with Dan Colarusso, managing editor at Portfolio.com, we discussed what traditional medi
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So this story goes in the category of “Oops, did I say that?” Dan Colarusso, managing editor at Portfolio.com, joined me to take a look back at nine memorable statements by CEOs.Among our top picks is embattled Bear Stearns CEO Alan Schwart
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Deutsche Bank’s latest writedown comes with a reality check - the global credit crisis it had largely fought off is still snarling away. The top German bank’s $3.6 billion in fresh writedowns come with a reversal of optimism from CEO Josef Ackermann. “We remain cautious for the remainder of 2008,” he said as his bank […]
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From All Things Digital, July 30, 2008: For all the hype about “social networking” Web sites, the most popular and successful way to network over the Internet is still the oldest: email. If it’s organized properly, boring old email can r
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With banks and brokers like Merrill Lynch desperate to raise capital and clean up their balance sheets, it’s a great time to be a buyer of distressed debt.Little wonder then that financial superstars like
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Chemical maker Huntsman Corp’s second-quarter earnings have triggered a new round of sparring with its disgruntled suitor, Hexion Specialty Chemicals.
Hexion, a unit of Apollo Management, jumped on Huntsman’ssecond quarterresults, saying they showed that a material adverse change had occurred in Huntsman’s financial condition. Hexion has claimed the $6.5 billion purchase of chemicals maker Huntsman […]
Posted on July 30th, 2008 by
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