Mergers | featured news

The proposed merger of Penguin and Random House has been given the go-ahead by the European Commission. Brussels said the merged business - which will be the world's largest book publisher - would not raise competition concerns, because it will "face several strong competitors".

US Airways Group Inc and AMR Corp are nearing an $11 billion merger that would create the world's largest airline and could announce a deal within a week, after resolving key differences on valuation and management structure, people familiar with the matter said.

US Airways Group said it has made deals with three unions at American Airlines, contingent on a possible merger of the two airlines.

This weekend, the Continental-United merger is expected to hit a significant milestone that both airlines hope travelers won’t even notice.

McGraw-Hill is in advanced talks with CME Group to combine stock-market icons such as the Dow Jones Industrial Average and S&P 500 into a joint venture.