Investor Dan Loeb’s decision to take a stake in FedEx Corp. is poised to heighten scrutiny of the role played by Fred Smith, who has run the airfreight company since its founding more than 40 years ago.
Texas Attorney General Greg Abbott, who joined a U.S. lawsuit to block the AMR Corp.-US Airways Group Inc. merger, reached a settlement with the carriers in the case, and said he now supports the tie-up.
A merger between UAL Corp.’s United Airlines and Continental Airlines Inc. would create the largest U.S. carrier on routes across the Atlantic and Pacific where business fliers pay some of the industry’s highest fares.
American Airlines Chief Executive Officer Tom Horton said “there’s a way” to reach a settlement with U.S. antitrust regulators seeking to block the merger of the AMR Corp. unit with US Airways Group Inc.
UAL Corp.’s United Airlines and Continental Airlines Inc. are at odds over how to value their planned no-premium stock merger, with negotiations focused on what time period to use for the stock-swap ratio, said three people familiar with the situation.
United Parcel Service Inc. reported preliminary fourth-quarter earnings that trailed analysts’ estimates after a surge in online shopping just before Christmas forced it to hire more temporary workers than planned and miss holiday deliveries.