Sean Collins News
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American Airlines’ proposal for severance pay of $20 million to Chief Executive Officer Tom Horton as part of the carrier’s merger with US Airways Group Inc. is opposed by the U.S.
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Citigroup Inc. asked the judge overseeing American Airlines’ bankruptcy to force the carrier to decide by July 2 whether to retain the bank’s partnership in its loyalty credit-card and mileage program or risk a multibillion- dollar claim.
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Sean Collins, the founder of Surfline.com, died of a heart attack two days ago while playing tennis in Newport Beach, California, according to his website. He was 59.
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American Airlines is selling investment-grade debt even as it spends a 15th month in bankruptcy while bond buyers look ahead to the merger with US Airways Group Inc. that will create the world’s largest carrier.
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US Airways Group Inc.’s merger talks with bankrupt American Airlines are intensifying as the sides try to agree on control of a combined company before confidentiality accords expire next week, people familiar with the matter said.
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Kazakhstan’s BTA Bank may ask shareholders and creditors to consider its second debt restructuring before year-end, according to two people familiar with the matter.
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AMR Corp.’s American Airlines and US Airways Group Inc. are poised to announce an $11 billion merger today that will create the world’s largest carrier and shrink the U.S. industry to three dominant companies, people familiar with the matter said.
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World Trade Center Properties LLC asked a federal judge to rule in its favor and reject a defense asserted by AMR Corp.’s American Airlines that it was the victim of an “act of war” in the Sept. 11, 2001, terrorist attacks.
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AMR Corp.’s planned spinoff of the American Eagle regional unit will be delayed until 2012 from this year as pilots consider a proposed contract, slowing American Airlines’ bid to cut operating costs.
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Berkshire Hathaway Inc. Chairman Warren Buffett has been diagnosed with stage 1 prostate cancer that is “not remotely life threatening,” the billionaire investor said in a letter to investors.
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