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)
Baoding Tianwei Says It Has No Money to Pay Debt
17:48 - Another Chinese company is saying that it may not meat its interest payments which are due today. Bloomberg’s Christine Hah reports on “Trending Business.” (Source: Bloomberg)
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