American Airlines and US Airways Group Inc. reached an agreement with the U.S. Justice Department over the government’s bid to block their merger, clearing the way to a tie-up that would create the world’s biggest carrier.
United Continental Holdings Inc., struggling to match other airlines’ profit gains, said it has identified ways to cut costs by almost $1 billion and shifted its biggest planes to different routes to boost revenue.
Demand for meat in emerging markets, which spurred the biggest proposed Chinese takeover of a U.S. company, is turning American producers such as Hillshire Brands Co. and Sanderson Farms Inc. into potential acquisition targets.
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.
A drop in U.S. hospital admissions that is hurting profit at Community Health Systems Inc., Tenet Healthcare Corp. and other operators may persist as companies and consumers grapple with shifts in health-care economics.