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Provide the basics like how to get tax forms and where to get online information. audits are down but so is patience. running out. patience is in short supply. big oil getting even bigger. the big story, shell is buying bg group, a british firm with prized oil fields off the coast of brazil. the biggest oil merger in something like 20 years. this is a $70 billion deal. we like to call that a super merger. if completed, it will add 25% to shell s gas reserves and 20% to production. oil prices have tumbled. that s what you call a crash in a commodity from $100 a barrel last summer to $50 a barrel now. that puts some producers in a crunch. bigger firms can swoop in to take over. shell just the latest to add to its expansive portfolio. rock-bottom prices also mean more layoffs for people who work in the oil industry. since june there have been more than 50,000 oil job cuts in the u.s. thanks to falling oil. this is a cnn money analysis. layoffs are up almost 4,000% in ....
Welcome back, everyone. in an attempt to create the world s biggest airline has run into some severe turbulence this morning. the government unexpectedly blocked the proposed $11 billion merger of american airlines and u.s. airways saying the super merger would be bad for travelers in the end. richard quest host of cnn international s quest means business and oh he does is back with us to talk through this. so you ve got to explain this to me. we see merger after merger over the past few years. what is the justice department, why is the justice department blocking this one especially so late in the process? late in the process, that s the whole point. listen, the bankruptcy judge is due to rule on thursday. the doj comes in at the last moment. the airlines knew that there may be some conditions, but even tom horton, the ceo of american airlines, speaking to me at the ....