American Airlines parent AMR Corp. won bankruptcy court approval of the deal it reached with regulators to complete its $17.2 billion merger with US Airways Group Inc. and create the world’s biggest airline.
Anheuser-Busch InBev NV was sued by the California lawyer who previously tried to block the merger that created the company and now seeks to stop its purchase of Grupo Modelo SAB over claims the deal will drive up beer prices.
Continental Airlines Inc. ’s merger with UAL Corp. , approved by shareholders today, should be blocked because the combination would create a monopoly, a lawyer representing consumers argued in federal court.
Bart M. Schwartz, the court- appointed receiver for Ariel Fund Ltd. and Gabriel Capital LP, which were feeder funds for Ponzi schemer Bernard Madoff, sued J. Ezra Merkin for breach of fiduciary duty, gross negligence and fraud.
Continental Airlines Inc. Chief Executive Officer Jeff Smisek defended a proposed merger with UAL Corp. , testifying in federal court that combining the airlines will “increase our revenue and decrease our costs.”
The Las Vegas Sun’s publisher lost a bid for a court order to block the Las Vegas Review-Journal from seeking to end a joint operating agreement, a move the Sun’s part-owner claims would put the paper out of business.
The U.S. government rested its case yesterday in a prosecution that may provide a preview of next year’s trial of Galleon Group LLC co-founder Raj Rajaratnam, accused of helping direct the largest-ever hedge fund insider trading scam, Bloomberg News’ David Glovin reports.