Southwest Offering Buyouts to 8,700 Employees
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The airline is offering the buyouts in an effort to cut costs as the discount carrier heads into a period of expected slower growth.
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Southwest Airlines (LUV:NYSE - news - research) Friday said it will offer more than $100 for certain assets of ATA Holdings&#39; (ATAHQ:Nasdaq - news - research)ATA Airlines in a forthcoming bankruptcy court auction.
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Australia's competition regulator said on Friday it has started a review into an $8.7 billion buyout offer for Qantas Airways Ltd.  from a group led by Macquarie Bank Ltd.  and private equity firm Texas Pacific Group.
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Australia's national carrier Qantas Airways was expected to announce it has accepted an improved takeover offer worth around 8.7 billion US dollars from a private equity consortium, reports said.
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SAP on Tuesday gave employees a heads up that its business user organization will move over to Business Objects, a company its acquiring as part of a $6.8 billion acquisition, according to sources.
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Australia's Qantas Airways   said on Thursday it has accepted an A$11.1 billion ($8.7  billion) revised buyout offer led by Macquarie Bank Ltd.   and private equity firm Texas Pacific Group at A$5.60  a share.
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What Southwest Airlines wants, Southwest gets, assuming that a federal bankruptcy judge goes along. Southwest, the biggest and richest low-fare airline, won a weeklong bidding war yesterday
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Australia's competition regulator said  on Friday it has started a review into an $8.7 billion buyout  offer for Qantas Airways Ltd.  from a group led by  Macquarie Bank Ltd.  and private equity firm Texas  Pacific Group.
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SPAINâs Banco Santander Central Hispano is conducting a beauty parade of investment banks to sell the life businesses it will acquire as part of its Â£8 billion takeover of Abbey.
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MELBOURNE/SYDNEY  - Investment bank Macquarie Bank  and private equity firm Texas Pacific Group have proposed buying out Australian airline Qantas Airways  in a deal that could be worth more than A$10 billion ($7.7 billion), pushing Qantas shares up as much as 21 percent.
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This move, and other cost-cutting measures, are expected to save the company $700 million to $800 million a year, the company said.
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DETROIT -- General Motors Corp., eager to lower wages and staunch the kinds of losses it saw in 2007, said Tuesday it is offering a new round of buyouts to all 74,000 of its U.S. hourly workers who are represented by the United Auto Workers.
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The troubled airline&#39;s most recent offer includes a 16.5 percent pay cut and added flying time. By STEVE HUETTEL, Times Staff Writer.
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SYDNEY, Australia -- Australia's Qantas Airways has been approached by Macquarie Bank and private equity firm Texas Pacific Group about a takeover that analysts said Wednesday could be worth almost 11 billion Australian dollars, or $8.5 billion.
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US Airways&#39; 800 reservations agents at Parkway Center will have the option of transferring to North Carolina or receiving cash buyouts plus one year&#39;s
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Southwest Airlines is planning to cut as many as 88 flights from its schedule to free up the planes for more profitable markets, according to a published report.
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Struggling automotive supplier Visteon Corp. told its 8,300 white-collar workers that it plans to offer buyouts to a &quot;significant&quot; number of employees by year&#39;s end.