News: Mergers & Acquisitions

• Citigroup's 52,000 layoffs will impact IT
  Jaikumar Vijayan
  Nov 17 2008
  Categories:
  • Mergers & Acquisitions

  Given Citigroup's stated plans, a massive headcount reduction announced today is sure to include a fair share of IT jobs. The financial giant said on Monday it was planning to reduce headcount by a ...

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• Yahoo's Yang to step down as CEO
  Martyn Williams, Nancy Gohring and James Niccolai
  Nov 17 2008
  Categories:
  • Mergers & Acquisitions

  After a bungled buyout offer from Microsoft, a deal with Google that fell apart and two rounds of layoffs, Jerry Yang is calling it quits and stepping aside as chief executive of the company he ...

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• Global Dispatches
  Mike Bucken
  Nov 16 2008
  Categories:
  • Mergers & Acquisitions

  BT Group Cutting 10,000 Jobs LONDON -- BT Group PLC last week said it is laying off 10,000 people as part of an effort to improve the profitability of its services business. The telecommunications ...

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• Aussie Sun staff face uncertainty amid job cuts
  Darren Pauli
  Nov 16 2008
  Categories:
  • Mergers & Acquisitions

  Some 650 local Sun employees have been left hanging while the company decides who will face the axe in its plan to cull 6,000 jobs globally. The company would not reveal how many local jobs will be ...

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• Applied Materials to cut 12 percent of global workforce
  Agam Shah
  Nov 12 2008
  Categories:
  • Mergers & Acquisitions

  Chip manufacturing equipment company Applied Materials plans to reduce its global workforce by about 12 percent, or 1,800 workers, in a move to cut costs and streamline its business, the company ...

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• Circuit City Woes Mirror Industry Challenges
  JR Raphael
  Nov 10 2008
  Categories:
  • Mergers & Acquisitions

  Circuit City is facing an uncertain future -- and, if recent retail predictions are to be believed, more electronics retailers both online and off may be fearing a similar fate. Common Cutbacks The ...

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• Struggling Circuit City files for bankruptcy
  Agam Shah
  Nov 10 2008
  Categories:
  • Mergers & Acquisitions

  Electronics retailer Circuit City Stores on Monday filed for bankruptcy protection in an effort to cut costs and turn around its deteriorating financial condition. The company is trying to ...

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• Gateway unit acquisition still haunting MPC
  Agam Shah
  Nov 07 2008
  Categories:
  • Mergers & Acquisitions

  The acquisition of Gateway's professional services unit in 2007 has come back to bite computer assembler MPC, which filed for bankruptcy Friday. "Unforeseen issues surrounding our integration of the ...

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• Yahoo in precarious position as CEO beckons Microsoft
  Heather Havenstein
  Nov 06 2008
  Categories:
  • Mergers & Acquisitions

  Just a day after Google Inc. walked away from a proposed search advertising partnership with Yahoo Inc. , the latter firm's CEO said a takeover by Microsoft would now be the best thing for his ...

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• Circuit City to close 155 stores
  Agam Shah
  Nov 03 2008
  Categories:
  • Mergers & Acquisitions

  Circuit City on Monday said it was shutting down more than a hundred poorly performing stores in the U.S. in an effort to increase the company's cash reserves. The company is closing 155 stores and ...

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