Mergers and acquisitions

October 16, 2019 - 3:14 pm
The Federal Communications Commission has approved the $26.5 billion combination of Sprint and T-Mobile on a 3-2 party-line vote. The wireless merger still faces opposition from a coalition of state attorneys general, who argue the deal is bad for competition. The companies won't merge while...
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FILE - This Thursday, Dec. 21, 2017 file photo shows the MedMen marijuana dispensary in Los Angeles. Marijuana stocks have come down hard from their highs a year ago, and the skid isn't just spooking investors. On Tuesday, Oct. 8, 2019, MedMen Enterprises Inc., which sells legal cannabis in California and 11 other states, backed out of a blockbuster deal to buy PharmaCann, a Chicago-based marijuana company with operations in eight states. (AP Photo/Richard Vogel, File)
October 08, 2019 - 8:31 pm
LOS ANGELES (AP) — Marijuana stocks have come down hard from their highs a year ago, and the skid isn't just spooking investors. On Tuesday, MedMen Enterprises Inc., which sells legal cannabis in California and 11 other states, backed out of a blockbuster deal to buy PharmaCann, a Chicago-based...
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September 23, 2019 - 4:23 pm
NEW YORK (AP) — An investment banker whose insider trading conviction was overturned by an appeals court was convicted again at a second trial Monday by a jury that reached a speedy verdict. The Yale-educated Sean Stewart, 38, of North Merrick, was convicted of charges including securities fraud...
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September 18, 2019 - 7:52 am
LONDON (AP) — The British government is halting the takeover of a U.K. aerospace company by a U.S. private equity firm to assess whether it affects national security. Business Secretary Andrea Leadsom said Wednesday that the competition watchdog would look into the security implications of the sale...
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FILE - In this June 15, 2009, file photo, T. Boone Pickens, president of BP Capital Group, speaks at Time Warner's headquarters in New York. Pickens, a brash and quotable oil tycoon who grew even wealthier through corporate takeover attempts, died Wednesday, Sept. 11, 2019. He was 91. (AP Photo/Mark Lennihan, File)
September 11, 2019 - 6:39 pm
OKLAHOMA CITY (AP) — T. Boone Pickens, a brash and quotable oil tycoon who grew even wealthier through corporate takeover attempts, died Wednesday. He was 91. Pickens was surrounded by friends and family when he died of natural causes under hospice care at his Dallas home, spokesman Jay Rosser said...
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FILE - In this Oct. 5, 2017 file photo, Department of Homeland Security personnel deliver supplies to Santa Ana community residents in the aftermath of Hurricane Maria in Guayama, Puerto Rico. Federal authorities said Tuesday, Sept. 10, 2019, that they have arrested two former officials of the Federal Emergency Management Authority and the former president of a major disaster relief contractor, accusing them of bribery and fraud in the efforts to restore electricity to Puerto Rico in the wake of Hurricane Maria. (AP Photo/Carlos Giusti, File)
September 10, 2019 - 6:05 pm
SAN JUAN, Puerto Rico (AP) — Federal authorities said Tuesday they have arrested two former officials of the Federal Emergency Management Agency and the former president of a major disaster relief contractor, accusing them of bribery and fraud in the efforts to restore electricity to Puerto Rico in...
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FILE- This June 14, 2018, file photo shows cartons of Marlboro cigarettes on the shelves at JR outlet in Burlington, N.C. Altria confirmed Tuesday, Aug. 27, 2019, that it is in talks to merge with Philip Morris International more than a decade after splitting itself into two companies. Altria has exclusively sold Marlboro and other cigarette brands in the U.S., while Philip Morris has handled international sales. (AP Photo/Gerry Broome, File)
August 27, 2019 - 1:47 pm
NEW YORK (AP) — The Marlboro men are discussing a reunion as the number of smokers continues to decline worldwide. Altria confirmed Tuesday that it is in talks to merge with Philip Morris International, more than a decade after splitting itself into two companies. Altria has exclusively sold...
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FILE- This Feb. 21, 2018, file photo shows a display of Heinz Ketchup on display in a market in Pittsburgh. Kraft Heinz Co. is bringing back its former chief financial officer amid accounting problems and falling sales. Paulo Basilio, joined H.J. Heinz as CFO in 2013 and remained in the job after the company's 2015 merger with Kraft. He most recently served as Kraft Heinz's chief business development officer. (AP Photo/Gene J. Puskar, File)
August 26, 2019 - 2:52 pm
CHICAGO (AP) — Kraft Heinz Co. is bringing back its former chief financial officer amid accounting problems and falling sales. Paulo Basilio, 44, joined H.J. Heinz as CFO in 2013 and remained in the job after the company's 2015 merger with Kraft. He most recently served as Kraft Heinz's chief...
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August 20, 2019 - 5:17 pm
WASHINGTON (AP) — The Justice Department is suing to block Sabre Corp. from buying Farelogix, a rival provider of technology services to airlines. In a civil lawsuit filed Tuesday, the government says Sabre pursued the $360 million deal to eliminate a competitor that has disrupted the market with...
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FILE - In this Aug. 8, 2017, file photo, The Walt Disney Co. logo appears on a screen above the floor of the New York Stock Exchange. Disney says its net income fell 39% in the latest quarter. Net income for the fiscal third quarter, which ended June 29, 2019, fell to $1.76 billion, from $2.92 billion last year. (AP Photo/Richard Drew, File)
August 06, 2019 - 7:59 pm
NEW YORK (AP) — Disney is feeling some pain from its biggest transformation in decades as its acquisition of Fox's entertainment businesses contributed to a 39% drop in earnings. CEO Bob Iger said one of the biggest issues affecting earnings was underperformance at the Fox movie and TV studio...
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