UPDATE 1-Esterline to buy UK’s Racal Acoustics for $170.4 mln

Dec 22 (Reuters) – Aerospace and defense industry supplier
Esterline Technologies Corp said it will buy UK-based
Racal Acoustics for about 115 million pounds ($170.4 million)
to enhance its combat troop support equipment capability.

Circuit City gets final approval for financing

RICHMOND, Va (Reuters) – Electronics retailer Circuit City Stores got final approval for $1.1 billion in financing to provide liquidity as it reorganizes and said its same-store sales had dropped even more steeply than predicted.

Aer Lingus shareholers urged to reject takeover bid

Aer Lingus today urged shareholders to reject Ryanairâ??s takeover bid and ignore threats peddled by the budget airline. In a letter, chairman Colm Barrington said Ryanair could not be allowed to take the former national carrierâ??s superior

Caterpillar to cut pay, offer buyouts to cope with downturn

1 hour 49 mins ago US heavy equipment maker Caterpillar said Monday it was implementing ‘significant compensation reductions’ for employees, freezing hiring and offering buyouts as a was to cope with the economic slump. Skip related content Related

Fronteer to buy out Aurora for $132M

Nearly three years ago, it made all kinds of sense for Fronteer Development Group Inc. to spin off its uranium subsidiary into a new company. In the midst of today’s carnage in the junior mining sector, the company figures it is just as logical to buy it

Caterpillar to cut white-collar pay, offer buyouts

CHICAGO — U.S. heavy equipment maker Caterpillar Inc. said Monday it would cut white-collar pay by up to 50% and offer buyouts to some employees as it looks to cut costs during what it characterized as ‘uncertain times.’ The news, which sent

PwC: Distressed Firms May Boost 2009 M&A

Accountancy sees this year’s run of bankruptcies increasing ‘mergers of necessity.’ Stephen Taub- CFO.com | US Share The devastating effect of the worldwide credit crunch and market implosion on dealmaking seem certain to continue well into 2009. But