Deals

AT&T

AT&T to buy NII Holdings' wireless business in Mexico

AT&T Inc (T.N) said on Monday it would buy bankrupt NII Holdings Inc's (NIHDQ.PK) wireless business in Mexico for $1.875 billion in a move to create a larger Mexican wireless player that will have a better chance of competing with No. 1 America Movil (AMXL.MX).

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Carnival Corporation & plc

Carnival eyes new China line for burgeoning cruise market

Cruise operator Carnival Corp is in talks with state-owned China Merchants Group Ltd (CMG) to develop a new cruise line for the fast-growing China market, the U.S. firm said in a statement on Tuesday.

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MeadWestvaco Corporation

Rock-Tenn, MeadWestvaco to merge, create packaging giant

Packaging companies Rock-Tenn Co (RKT.N) and MeadWestvaco Corp (MWV.N) agreed to form a combined $16 billion company to take on market leader International Paper Co (IP.N) in the United States and abroad.

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Train

China trainmakers CNR, CSR clinch $7.3 billion in deals

China CNR Corp Ltd (601299.SS) (6199.HK) and CSR Corp (601766.SS) (1766.HK), China's two top trainmakers, recently signed deals worth 45.41 billion yuan ($7.26 billion) with Chinese and foreign firms.

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handshake

Reinsurers Axis Capital, PartnerRe to merge in $11 billion deal

Axis Capital Holdings Ltd (AXS.N) and PartnerRe Ltd (PRE.N) have agreed to an $11 billion merger to create one of the world's largest reinsurers, PartnerRe said on Sunday.

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Li Ka-shing

Hong Kong tycoon's M&A spree promises bumper year for Asia banks

Li Ka-shing's hectic start to 2015 has meant record Asia M&A, loan and equity deals so far this month - good news for investment bankers close to the 86-year-old Hong Kong tycoon's empire.

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Mobilicity

Canada's Mobilicity out of one airwaves auction, needs cash for another

Struggling Canadian wireless operator Mobilicity will not bid for more airwaves in one upcoming government auction and is trying to secure funding to participate in another, its court-appointed monitor said in a filing on the company's website.

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British Airways

BA-owner returns with 1.3 billion euro offer for Aer Lingus: reports

The owner of British Airways has made a third takeover approach to Aer Lingus (AERL.I), offering to pay 2.50 euros per share, or around 1.3 billion euros in total for the Irish airline, Sky News reported on Saturday.

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Dubai.jpg

Dubai's Drake & Scull wins $49 million contract

A subsidiary of Dubai’s Drake & Scull International DSI.DU (DSI) has won a 180 million dirham ($49 million) engineering contract in the emirate, the parent firm said on Sunday.

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SkyMall

SkyMall, known for in-flight catalogs, lands in bankruptcy

SkyMall, whose in-flight shopping catalogs have long been a staple of airline travel, has filed for bankruptcy protection, blaming changing consumer habits and the loss of contracts from two major carriers, Delta and Southwest.

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Dara Khosrowshahi

Expedia Inc acquires Travelocity in $280 million deal

Expedia Inc (EXPE.O) has acquired online travel agency Travelocity from technology company Sabre Corp (SABR.O) for $280 million in cash, the companies said in a statement on Friday, as consolidation in the online booking industry continues.

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Deal

Dealmakers in Davos see more M&A despite geopolitical risks

Low borrowing costs, currency shifts and the hunt for both cost savings and growth opportunities will drive a steady flow of merger and acquisition deals this year despite geopolitical tensions, according to business leaders meeting this week.

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Sri Lanka

Sri Lanka softens its stance on China port city deal

Sri Lanka's new government said on Thursday it might renegotiate a $1.5 billion "port city" deal with China Communications Construction Co Ltd (601800.SS), softening its pre-election threat to scrap the project.

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Gaming Activity in Atlantic City

Atlantic City bankruptcy talk 'premature': turnaround team

It's "premature" to talk about bankruptcy for troubled gaming resort Atlantic City, Detroit's former turnaround expert said Thursday as he signed on with the latest bid to revive a city some see as bound to follow the path taken by the Motor City.

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Men's Wearhouse

Cache Inc may file for bankruptcy as soon as next week: Bloomberg

Cache Inc (CACH.O) is poised to become the latest U.S. apparel retailer to file for bankruptcy, Bloomberg reported, citing people familiar with the matter.

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