Capital One-Discover merger could put a bigger squeeze on credit card users, experts warn – NBC News
capital ones $35.3 billion acquisition deal Discover is far from complete. But consumer advocates and some lawmakers are already raising questions about how the proposed merger could affect credit card users, many of whom already have high interest rates. and under pressure from record debt. Sen. Elizabeth Warren (D-Massachusetts) has long supported stronger financial regulation. […]
Democrats blast ‘dangerous’ Capital One-Discover merger
The proposed merger between Capital One and Discover quickly drew pushback from some Democratic lawmakers and consumer advocacy groups, who argued that the partnership could reduce competition and increase rates and costs for consumers. . Senate Banking Committee Chairman Sherrod Brown (D-Ohio) said, “When it comes to mergers of this size, regulators need to do […]
SEC approves Truth Social, Digital World merger
The Securities and Exchange Commission (SEC) has approved a merger between former President Trump’s media startup and a blank check company seeking to take his platform, Truth Social, public. Digital World Acquisition Corporation (DWAC) announced Wednesday that its registration statement for its merger with Trump Media & Technology Group (TMTG) has been declared effective. The […]
Samsung chief Jay Y. Lee found not guilty in controversial 2015 merger case
James Fishler, Senior Vice President of Samsung Electronics America, announced the company’s latest products on “The Claman Countdown.” Samsung Electronics Chairman J.Y. Lee was acquitted Monday of charges of accounting fraud and stock price manipulation in a court in Seoul, South Korea. The case was related to a 2015 merger that prosecutors said was aimed […]
Joe Biden’s antitrust halt of PGA-LIV merger is just par for the course
For those who love professional golf and want to see the best players play against each other every week, you better hope Donald Trump becomes the next president. It’s not just because the former president loves golf. That’s because the type of regulatory structure he would put in place if elected is a free-market type […]
Biden Regulators Say They’re ‘Pleased’ By Merger Block That Gutted US Company
Following the recent announcement that Amazon and iRobot have terminated their $1.4 billion merger agreement, Nathan Soderstrom, associate director of merger analysis at the Federal Trade Commission (FTC), issued a statement stating that Biden regulations The authorities expressed their pleasure at the disbandment. “We are pleased that Amazon and iRobot have abandoned the proposed transaction…The […]
PGA Tour gets $3B payday with LIV Golf merger questions still looming
Saudi-backed LIV Golf shocks the world After months of speculation and questions about the future of professional golf, the PGA Tour announced Wednesday that Strategic, a group of billionaire sports team owners, announced that it has finalized an agreement with the sports group. It invested about $3 billion in a new for-profit entity, PGA Tour […]
Disney/Fox Merger: X-Men or Fantastic Four? What Comes First? – Heroes
On this 205th episode of Heroes (December 18, 2017), Jon Schnepp is joined by Amy Dallen and Robert Meyer Burnett to bring … source
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 […]