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)
Stock Meltdown: Explaining the Volatile Markets
15:38 - JP Morgan Chase International Chairman Dr. Jacob Frenkel and Bloomberg's Michael Regan discuss volatility in the markets. They speak on "Bloomberg Surveillance." (Source: Bloomberg)
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