Afternoon Coffee: M&A Approval Time Getting Longer, Seattle Port Commissioners Form Partnership

The number of mergers and acquisitions has increased in recent years, and a new report says the Justice Department and the Federal Trade Commission are now taking more time to approve these deals. Approval time now averages 10 months, compared to the previous average of 7 months.

Commissioners for Seattle and Tacoma ports – the 2 largest in Washington – agreed late last week to work together to improve cargo terminals in an effort to remain competitive with both West Coast and East Coast ports.

Father’s Day is in less than 2 weeks, and spending for the day to honor dads is expected to reach $12.7 billion this year, with the average person spending $115.57 on gifts, according to a survey by the National Retail Federation. Last year, the average was $113.57 per person.

General Electric is close to finalizing a deal to sell its private equity finance unit to Canada Pension Plan Investment Board, which could signal an exit from the banking business for GE.

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