Mergers & Acquisitions | featured news

Avis says rival rental car company Dollar Thrifty is selling itself too cheaply to Hertz, and promised to top the buyout offer announced last week.

United Airlines is buying Continental in a $3 billion-plus that would create the world's largest carrier with a commanding position in several top U.S. cities....

Continental Airlines and UAL are expected to announce Monday that they are merging to form the world's largest airline by traffic.

Hewlett-Packard has agreed to buy struggling smart-phone maker Palm for nearly $1 billion in cash. HP said Palm's webOS operating system will help it compete in the smart-phone market.

Apple has purchased chip start-up Intrinsity whose technology analysts say was behind the chip used in the new iPad.

United Airlines and US Airways are in talks about combining into what would be the nation's second-biggest airline, a person with knowledge of the situation told The Associated Press on Wednesday....

Divvyshot, a photo-sharing start-up, said it had received an offer from Facebook it couldn't refuse.

Ford Motor reached an agreement to sell its Volvo subsidiary to a Chinese conglomerate for $1.8 billion.

Swedish-based producer of home appliances group Electrolux is one of two preferred bidders for Daewoo Electronics.

Phillips-Van Heusen says it will buy privately held Tommy Hilfiger in a cash-and-stock deal valued at about $3 billion, creating one of the world's biggest clothing companies.