SELECT LANGUAGE BELOW

Spirit shares sink after JetBlue casts doubt on $3.8B merger

JetBlue Airways on Friday expressed doubts about completing its $3.8 billion merger with Spirit Airlines, saying it may not meet certain conditions required as part of the deal by deadline. Spirit's stock price fell 17% after the announcement, adding to a loss of about 55% this month sparked by a U.S. judge's effort to block […]

UK regulator launches investigation into Vodafone-Three merger | Telecommunications industry

Britain's competition regulator has launched an investigation into Vodafone and Three's planned merger to create the UK's biggest mobile phone operator. The Competition and Markets Authority (CMA) now has up to 40 days to review the deal and decide whether it warrants a full and detailed investigation on competitive grounds. CMA chief executive Sarah Cardell […]

JetBlue, Spirit vow to appeal judge’s decision to block merger

JetBlue Airways and Spirit Airlines said Friday they will appeal a judge's decision that blocked the airlines from merging. The airline filed a notice of appeal with the U.S. Court of Appeals for the First Circuit. Said on friday statement. A federal judge on Tuesday blocked JetBlue's $3.8 billion acquisition of Spirit, saying it would […]

JetBlue, Spirit Airlines to appeal judge’s ruling that blocked $3.8B merger

JetBlue Airways and Spirit Airlines announced Friday that they will appeal a federal judge's ruling that blocked the airlines' planned merger, saying it violated U.S. antitrust laws. The appeal comes after U.S. District Judge William Young in Boston ruled Tuesday that JetBlue's $3.8 billion plan to acquire ultra-low-cost airline Spirit was anticompetitive and would harm […]

Biden hails court decision to block of Spirit, JetBlue merger

President Biden on Tuesday praised a federal judge's decision to block the merger of Spirit Airlines and JetBlue Airways, calling it a victory for consumers. “Capitalism without competition is not capitalism. It is exploitation,” Biden said in a statement. “Today's ruling is a victory for consumers around the world who demand lower prices and more […]

Federal judge blocks $3.8B merger of Spirit, JetBlue

A federal judge on Tuesday blocked JetBlue Airways' proposed $3.8 billion takeover of Spirit Airlines, saying it would reduce competition and harm consumers. U.S. District Judge William Young said in a court filing Tuesday that the acquisition, which would make JetBlue the fifth-largest airline, “complies with the Clayton Act, which is designed to prevent anticompetitive […]

Federal court blocks proposed merger between JetBlue Airways and Spirit Airlines

See what's being clicked on FoxBusiness.com A federal judge on Tuesday blocked JetBlue Airways' proposed $3.8 billion takeover of low-cost carrier Spirit Airlines, agreeing with the Justice Department's opinion that the deal would harm the availability of low-cost flights. U.S. District Judge William Young said the proposed merger “violates the core principle of antitrust law: […]

Washington state sues to halt $25B Kroger-Albertsons merger

Washington state asks a judge to block a proposed $25 billion merger between two of the nation's largest grocery chains, Kroger and Albertsons, saying the new company would harm customers and raise prices. I asked for it. a lawsuit A lawsuit filed Monday in King County Superior Court seeks to block the proposed merger of […]

Hubble catches a monster merger

The Hubble Space Telescope has captured images of a “monstrous merger” of two galaxies, NASA and the European Space Agency announced. This image shows a “strange” galaxy, Arp 122. It actually consists of two galaxies colliding in a “dramatic cosmic encounter” about 570 million light-years from Earth. NASA and ESA announced on Friday. The Hubble […]