Judge Blocks Proposed Merger Of Staples, Office DepotA judge's injunction issued Tuesday likely means Office Depot and Stapes will drop their $6.3 billion merger plan.
U.S. Sues Activist Hedge Fund ValueAct Over Halliburton-Baker Hughes DisclosuresThe U.S. government sued a San Francisco activist hedge fund, alleging that it violated antitrust laws during a pending merger of Halliburton and Baker Hughes.
Investors Behind Peet's Coffee Buying Up Keurig For Nearly $14BKeurig, the maker of single-cup coffee machines that sit on millions of kitchen counters, agreed to sell itself Monday for almost $14 billion. The buyers are an investment group led by JAB Holding Co., a private company with a growing java business.
Aetna To Buy Humana For $35 BillionAetna will spend about $35 billion to buy rival Humana and become the latest health insurer bulking up on government business as the industry adjusts to the federal health care overhaul.
Intel Makes $16.7 Billion Bet On Mobile With Acquisition Of San Jose's AlteraSan Jose-based Altera specializes in programmable chips for all sorts of things like cars, industrial uses and communications applications, and its been making solid inroads into data centers, an area of strength for Intel as the world's biggest chipmaker looks to expand beyond the weakening PC business and also make inroads into mobile, where it lost $4-billion last year, and is forecasting another $3-billion dollar loss this year.
Tartine Bakery Joins Forces With Blue Bottle Coffee, Eyes Expanding To L.A., NYCTwo Bay Area businesses with major cult followings will join forces as Blue Bottle Coffee of Oakland and Tartine Bakery of San Francisco have announced a merger.
U.S. Airways Name To Disappear In FAA-Approved Merger With American AirlinesThe Federal Aviation Administration authorized American Airlines and U.S. Airways to operate as a single carrier on Wednesday.
Giant Kraft, Heinz Food Merger May Impact Jobs At Plants In Central, Southern CaliforniaKraft is expected to undergo cost-cutting under the management of 3G Capital. John Cahill, CEO of Kraft, noted that the new management would drive a "much leaner organization."
Analyst Predicts Apple To Buy Tesla For $75 BillionApple may be in the market to buy Tesla, according to the rumor mill.
7 Ways the Ticketfly - WillCall Merger Will Effect You
San Francisco Reservation Website OpenTable To Be Sold For $2.6 Billion To PricelinePriceline is buying online restaurant reservation company OpenTable for $2.6 billion. The deal should help Priceline, the online travel company, branch out into a new business segment.
Safeway To Be Acquired By Albertsons Parent CompanySafeway says it has agreed to be acquired by an investment group led by Cerberus Capital Management, the owner of Albertsons and several other supermarket chains.