Major Layoffs Loom For AOL and Yahoo, Report SaysCiting anonymous sources, Recode has reported that AOL and Yahoo are about to make over 1,000 layoffs.
Aetna, Humana Call Off $34 Billion DealAetna and Humana called off a $34 billion proposal to combine the two major health insurers after a federal judge, citing antitrust concerns, shot down the deal.
Walgreens, Rite Aid Shed 865 Stores To Close $9.4B DealWalgreens and Rite Aid will sell 865 stores to rival retailer Fred's for $950 million, possibly removing the final roadblock between the nation's largest and third-largest drugstore chains.
CEOs Of AT&T, Time Warner To Sell Merger To Skeptical SenateThe CEOs of AT&T and Time Warner are heading to Capitol Hill in a bid to convince senators that a merger of their two companies will mean innovative new experiences for consumers.
Daily Fantasy Sports Rivals DraftKings And FanDuel To MergeDaily fantasy sports rivals DraftKings and FanDuel have agreed to merge after months of speculation and increasing regulatory scrutiny.
Allergan, Pfizer Call Off Proposed $160B MergerThe biggest U.S.-based drugmaker, Pfizer Inc., will stay put thanks to aggressive new Treasury Department rules that succeeded in blocking Pfizer from acquiring rival Allergan and moving to Ireland — on paper — to reduce its tax bill.
Proposed Orbitz, Expedia Merger Has Hotel Industry FumingThe hotel industry is objecting to the proposed merger between online travel booking sites Expedia and Orbitz.
AT&T Says DIRECTV Deal Could Slow Price HikesAT&T's CEO told Congress Tuesday that his company's purchase of DIRECTV will help slow increases in programming prices, but won't lead to a decrease in prices.
American Airlines & Machinists Reach DealAmerican Airlines has negotiated tentative labor contracts covering more than 11,000 mechanics and other employees at US Airways. The deals are subject to an employee vote.
AirTran's Final Flight Scheduled For December Another name in aviation history will disappear after the final flight of AirTran Airways, which is scheduled for December 28. Dallas-based Southwest Airlines bought AirTran in 2011 and announced plans to combine the fleets under the Southwest brand.
AT&T Buys DirecTV in $49 Billion DealDallas-based AT&T says it is buying El Segundo, Calif.-based DirecTV for $95 per share, or $49 billion.
Cable Company Merger Worries ConsumersComcast and Time Warner Cable regularly rank at the bottom of the industry when it comes to customer satisfaction, so consumers are naturally worried about their merger.