Legal Problems May Delay Volkswagen’s Merger With Porsche

Legal wrangling may delay Volkswagen’s (VLKAY) merger with Porsche, Volkswagen CEO Martin Winterkorn said.

Volkswagen planned to complete a merger with Porsche in 2011. Porsche originally planned to buy Volkswagen by securing stock options, only to see its debt levels surge.

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Now, U.S. based-short-sellers of Volkswagen stock are suing Porsche. They say the sports-car maker secretly…

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Legal Problems May Delay Volkswagen’s Merger With Porsche originally appeared on DailyFinance on Tue, 19 Oct 2010 06:33:00.

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Newsweek, The Daily Beast Discuss Potential Merger

Newsweek magazine and news website The Daily Beast are in talks about a possible merger, according to The Wall Street Journal.

The two news outlets are considering a structure whereby Tina Brown, co-founder and co-owner of The Daily Beast, would beco…

Treasury Announces $1.5 Billion Small Business Package

The Treasury Department announced a $1.5 billion lending package to boost small businesses at the state level.

The money will be available to states that can demonstrate that they will generate $10 in new private lending for every dollar of federal funds they receive, Reuters said. This could create a package worth a total of $15 billion.

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California will receive $168.62 million,…

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Treasury Announces $1.5 Billion Small Business Package originally appeared on DailyFinance on Fri, 08 Oct 2010 06:43:00.

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