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  • What's happening at Bennett Jones?The Calgary firm has decided to discontinue merger talks with Tory Tory Deslauriers & Binnington in Toronto. At the same time, the firm is losing tax partners to Ernst & Young
  • Heinrich Rodewig is joining the German firm Haarmann, Hemmelrath & Partner, having moved from Daimler-Benz. He will be working as tax partner in the international mergers and acquisitions group.
  • Sun Life and Provincial Holdings has been consulting Slaughter and May over the disposal of its Guardian Royal Exchange UK life, pensions and trust businesses.
  • Rolls Royce will pay £576 million ($939.6 million) in a cash deal for the British engineering group Vickers. They will acquire the Vickers-owned Norwegian company Ulstein, signalling Rolls' intention to move into the marine engineering industry.
  • Michigan-based Masco Corporation has made a series of acquisitions within the home-improvement market.
  • The US media company Viacom has bought the CBS Corporation for $35 billion, a record media deal.
  • The Swedish government is so confident in the growth of the economy that it has unveiled the first budget for a decade to include significant income and corporate tax cuts.
  • It's been a strange old month for Peter Mendham.
  • Donahue & Partner, the Canadian member firm of Ernst & Young International, has recruited tax litigators Al Meghji and Roger Taylor. The move reunites the two, who worked together at the Canadian department of justice for many years.
  • Henlys Group of the UK has announced the $665 million acquisition of the Blue Bird Corporation, the leading US school bus maker.