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.
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.
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.
AMR Corp.’s American Airlines and its pilot union are haggling about pay and flying rules as the two sides bump up against a company goal of getting a contract agreement this week to end talks that began in 2006.
Doug Parker, returning to the carrier where he began his career, has a vision: He sees American Airlines vaulting to the top of the industry’s major financial benchmarks just three years after the merger he orchestrated with US Airways Group Inc.
US Airways Group Inc. rose to the highest close since federal antitrust regulators sued to block the planned merger with AMR Corp.’s American Airlines, a sign of investor optimism that the deal will occur.
UAL Corp.’s United Airlines and Continental Airlines Inc. tentatively agreed on an exchange ratio in their all-stock merger of 1.05 shares of UAL for each Continental share, a person with knowledge of the matter said.