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)

Bertelsmann CEO Says Brexit May Alter U.K. Presence
30:29 - Thomas Rabe, chairman and chief executive officer at Bertelsmann SE & Co. KGaA, discusses a deal to publish new books from Barack and Michelle Obama, the value of Penguin Random House, and how Brexit may impact the company's U.K. business. He speaks with Bloomberg's Matt Miller on "Bloomberg Surveillance." (Source: Bloomberg)
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