Diane's Feed
Nov 13, 2013

US Airways, American to merge after settling antitrust suit

WASHINGTON/NEW YORK (Reuters) – US Airways Group Inc and American Airlines will be allowed to merge to become the world’s largest airline after they agreed to give low-cost competitors more access to several key U.S. airports, including in New York and Washington.

The agreement, subject to court approval, ends a U.S. Department of Justice lawsuit filed in August. The government opposed the merger of US Airways and AMR Corp, parent of bankrupt American Airlines, on the grounds it would hinder competition and lead to higher fares.

Nov 12, 2013

US Airways, AMR reach antitrust settlement on merger

WASHINGTON/NEW YORK (Reuters) – US Airways Group Inc and American Airlines will give low-cost competitors more access to a half dozen key U.S. airports, including New York and Washington, D.C., in exchange for permission to merge and create the world’s largest airline.

The agreement announced on Tuesday settles a government lawsuit filed in August that argued that US Airways and AMR Corp, parent of bankrupt American Airlines, should be forced to scrap the merger because it would hinder competition and lead to higher fares.

Nov 5, 2013

Top U.S. court hears arguments in pacemaker patent fight

WASHINGTON, Nov 5 (Reuters) – The U.S. Supreme Court on
Tuesday heard arguments in a case of warring legal doctrines
raised by a heart pacemaker patent fight between giant medical
devices company Medtronic Inc and privately owned
Mirowski Family Ventures LLC.

The case stems from Medtronic’s decision to request a
declaratory judgment that some of its pacemakers do not infringe
on technology patented by Mirowski and licensed to Boston
Scientific and Guidant Corp, part of Boston Scientific
and Abbott Laboratories.

Nov 4, 2013

U.S. Justice Department details deal for American, US Airways fight

WASHINGTON (Reuters) – The U.S. Justice Department wants US Airways and American Airlines to divest landing and take-off slots at Reagan National and other U.S. airports in return for dropping its efforts to block a proposed merger, the attorney general said on Monday, sending share prices higher as investors saw hints in the remarks that a settlement is possible

Shares in bankrupt AMR Corp (AAMRQ.PK: Quote, Profile, Research, Stock Buzz), parent of American Airlines, closed up 24.5 percent in heavy volume, while those of US Airways (LCC.N: Quote, Profile, Research, Stock Buzz) at one point rose more than 5 percent to their highest in almost six years before retreating to close up 1.2 percent.

Nov 4, 2013

U.S. Justice Dept details deal for American, US Airways fight

WASHINGTON, Nov 4 (Reuters) – The U.S. Justice Department
wants US Airways and American Airlines to divest landing and
take-off slots at Reagan National and other U.S. airports in
return for dropping its efforts to block a proposed merger, the
attorney general said on Monday, sending share prices higher as
investors saw hints in the remarks that a settlement is possible

Shares in bankrupt AMR Corp, parent of American
Airlines, closed up 24.5 percent in heavy volume, while those of
US Airways at one point rose more than 5 percent to
their highest in almost six years before retreating to close up
1.2 percent.

Nov 4, 2013

U.S. seeking divestitures from American, US Airways: source

WASHINGTON (Reuters) – U.S. antitrust authorities want American Airlines and US Airways Group Inc (LCC.N: Quote, Profile, Research, Stock Buzz) to agree to a broad package of divestitures at key U.S. airports in order to win approval of a merger that would create the world’s largest air carrier, a source familiar with the matter said on Sunday.

The airlines and the U.S. Justice Department have begun talks about a possible settlement ahead of a trial later this month about the government’s effort to block the merger.

Oct 31, 2013

US Airways, American consider merger settlement: sources

WASHINGTON (Reuters) – US Airways Group (LCC.N: Quote, Profile, Research, Stock Buzz) and American Airlines are considering giving up takeoff and landing slots at Washington’s Ronald Reagan National Airport to win regulator approval of their $11 billion merger, two people familiar with the matter said.

The airlines are hoping to reach a settlement with the U.S. Justice Department before the trial, due to begin November 25, paving the way for a deal that would create the world’s largest air carrier, the sources said.

Oct 30, 2013

US Airways, American drawing up proposed settlement: report

WASHINGTON (Reuters) – US Airways (LCC.N: Quote, Profile, Research, Stock Buzz) and American Airlines will offer to give up some takeoff and landing slots at Washington, D.C.’s Ronald Reagan National Airport as part of a attempt to get the U.S. Justice Department to allow their merger to proceed, a Dow Jones report said on Wednesday, citing people familiar with the process.

The companies’ stock prices have been buoyant recently as investor sentiment has increased that a deal can be reached to create the world’s largest air carrier.

Oct 11, 2013

U.S. looking at alleged forex manipulation -source

WASHINGTON, Oct 11 (Reuters) – The U.S. Justice Department
is making inquiries into allegations of foreign exchange rate
manipulation centered on the Swiss franc, but has left the heavy
lifting to Europe, according to a source familiar with the
probe.

The Justice Department spoke with participants in the probe
but is letting officials in Europe take the lead in any
investigation, said the source, who could not be named to
protect business relationships. “Everybody’s been interviewed,”
the source said.

Oct 8, 2013

U.S. ban on some Samsung products to go into effect

WASHINGTON (Reuters) – Some older Samsung Electronics Co smartphones and tablets could be taken off store shelves in the United States after the U.S. Trade Representative opted not to reverse a ban ordered because the devices infringe Apple Inc patents.

The decision is the latest step in a patent battle across several countries as Apple and Samsung vie for market share in the lucrative mobile industry. Samsung and Apple are the No. 1 and No. 2 smartphone makers globally, respectively.