US Airways, American Airlines to Merge in $11B Deal

Feb. 14 (Bloomberg) -- US Airways Group Inc., spurned in three prior merger attempts, will combine with bankrupt AMR Corp.’s American Airlines in an $11 billion deal to create the world’s largest carrier. US Airways Chief Executive Officer Doug Parker will run the new airline, which will retain American’s name, as AMR CEO Tom Horton becomes chairman, the companies said today in a statement. Adam Johnson reports on Bloomberg Television's "Surveillance." (Source: Bloomberg)

The Rise of South Korea's 'U-Turn Freshmen'
05:10 - South Korea has some of the most highly educated people in the world. More than half have a degree, and yet, the future is looking grim. Jobs are increasingly scarce, and youth unemployment is setting unwanted records. Bloomberg's Shery Ahn reports from Seoul. (Source: Bloomberg)
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