BAe/EADs merger

[Robinho]

Nobody.

[xoggoth]

Totally agree with SAS, so many of the major companies I have worked at, Blue Circle, Rediffusion, Marconi and plenty I didn't, like ICI, have been taken over by foreign companies, asset stripped and factories closed. Insane.

[d000hg]

Somewhere with no Internet.

A Muslim country and then we can say something rude about Islam and CUK will be blocked.

[Mich the Tester]

If this was the US, Germans or French they'd be putting government money in to tide it over during a temporary bad patch.
Why, oh fooking why, does the UK insist on national self-immolation in the name of "free markets" and "market forces"?
We've followed that policy since the 80s and look at us now - it's not working is it?

I think all the big German industrial companies have had government support, either in the form of direct support, tax relief or big government contracts at one time or another, and that includes Daimler Benz, VW, Bosch, Siemens, AEG and BMW; in fact although BMW proudly state that they're the only big car manufacturer not to have recieved state support since the oil crisis, the German police and government buy huge numbers of BMWs and other German products and BMW recieved a huge tax rebate to set up a factory in eastern Germany. I don't think anyone could really claim any of the companies in that list are somehow crappy or lacking success.

[psychocandy]

Probably not good news for the EADS site in Newport either.

[Gibbon]

Totally agree with SAS, so many of the major companies I have worked at, Blue Circle, Rediffusion, Marconi and plenty I didn't, like ICI, have been taken over by foreign companies, asset stripped and factories closed. Insane.

Yeah and they all helped each other out, Blue circle provided Radars for the F3 when Marconi couldn't deliver on time.

[Troll]

BAE, EADS drop $45 billion merger plan

EADS and BAE Systems have dropped plans to merge after failing to win political support for a $45 billion deal that would have created a European aerospace and defense giant.

"It has become clear that the interests of the parties' government stakeholders cannot be adequately reconciled with each other or with the objectives that BAE Systems (BAESF) and EADS established for the merger," the companies said in a statement Wednesday.

As a shareholder I trust I will continue to enjoy above average dividends

[Sysman]

Totally agree with SAS, so many of the major companies I have worked at, Blue Circle, Rediffusion, Marconi and plenty I didn't, like ICI, have been taken over by foreign companies, asset stripped and factories closed. Insane.

How We Happened to Sell Off Our Electricity

"There’s only one country that’s stupid enough to sell off its electricity industry, and that’s Britain."

Well worth a read.

[doodab]

If BAE want to keep growing and access new markets they should buy and bankroll skylon / reaction engines. Much better strategy then merging with a company whose prime business they used to part own and worked hard to get out of.