China’s central bank barred financial institutions from handling Bitcoin transactions, moving to regulate the virtual currency after an 89-fold jump in its value sparked a surge of investor interest in the country.
China is considering requiring Bitcoin exchanges to disclose large transactions and confirm the identity of users after investors lost money through a fake platform, two people with direct knowledge of the matter said.
Southwest Airlines Co. and Virgin America Inc. will gain flight slots at New York’s LaGuardia Airport as American Airlines and US Airways Group Inc. retrench there under the settlement of the U.S. antitrust lawsuit against their merger, two people familiar with the matter said.
Doug Parker, poised to lead the new American Airlines Group Inc., wants to beat a $1 billion goal for added revenue and savings in the AMR Corp.-US Airways Group Inc. merger and is about to start meshing frequent-flier plans.
American Airlines Inc. is seeking to reduce the cost of a $1.9 billion term loan after last week winning bankruptcy court approval of the deal it reached with regulators to complete its merger with US Airways Group Inc., according to a person with knowledge of the transaction.