Global Business News Roundup

Strategic Insights -

The Justice Department is considering going to court to block the merger of Northwest Airlines and Continental Airlines, citing antitrust concerns. Meanwhile, Dell has made a profit of $260 million from selling 2% of his company's holdings, while Hyundai has won the rights to take over Kia Motors Corp after outbidding Ford and two domestic competitors. In Brazil, factories are struggling to pay workers their year-end bonuses, with some considering paying in goods instead of cash.

Key Takeaways:

  • The Justice Department is reviewing the proposed merger between Northwest Airlines and Continental Airlines as if it were a merger, and may go to court to block the alliance.
  • Dell Chairman Michael Dell made a profit of $260 million from selling 2% of his company's holdings.
  • Hyundai has won the rights to take over Kia Motors Corp after outbidding Ford and two domestic competitors.
  • In Brazil, factories are struggling to pay workers their year-end bonuses, with some considering paying in goods instead of cash.
  • Intel has acquired remote-access maker Shiva Corp for $181.8 million.
  • Shiva's products enable users to connect with corporate data resources, online services, and the Internet.

Statistics:

  • The proposed merger between Northwest Airlines and Continental Airlines represents 51% of Continental's voting stock.
  • Dell sold 2% of his company's holdings, making a profit of $260 million.
  • Hyundai's bid to take over Kia Motors Corp was approved, pending approval by creditor banks.
  • In Brazil, factories employ nearly 800,000 workers and represent 110,000 factories.
  • Intel acquired Shiva Corp for $181.8 million, or $6 per share.
  • Shiva's products include remote access and communications servers, hardware, and software.

Sources:

  • "Justice Department questions airline deal" by L.A. Times, not specified in original text.
  • "Nyse Index Hits New Record" by Reuters, Nov 25, not specified in original text.
  • "Dell makes millions from stock sale" by Austin American-Statesman, not specified in original text.
  • "Hyundai wins Kia Motor Corp." by Yahoo Finance, not specified in original text.
  • "Kia Motors Corp. to be sold" by Reuters, Nov 25, not specified in original text.
  • "Brazil factories may pay bonuses in goods" by Associated Press, not specified in original text.
  • "Intel buys remote-access firm" by Reuters, not specified in original text.