American Airlines & US Airways merge to create a “Super-Airline”
AMERICAN Airlines and US Airways will merge and create the world’s biggest airline.
The boards of both companies approved the merger late on Wednesday, according to three people close to the situation.
The carrier keeps the American Airlines name, but will be run by US Airways chief executive Doug Parker. American’s CEO, Tom Horton, will become chairman of the new company, these people said.
A formal announcement is expected on Thursday morning.
The deal has been in the works since August, when creditors forced American to consider a merger rather than remain independent. American has been restructuring under bankruptcy protection since late 2011.
Together, American and US Airways will be slightly bigger than United Airlines.
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the big just get bigger and bigger..i wonder how much debt they have?..i bet its enormous..this is how our world is heading..corporations merging and becoming massive giants..
401
and buffett just bought heinz in the biggest food industry buy-out in history.
http://finance.ninemsn.com.au/newsbusiness/aap/8610882/berkshire-3g-buy-ketchup-maker-heinz
i just opened a tab for that..not less than 30 seconds ago
coincedences everywhere. eh…lol
interesting to see how many more big deals happen soon.
was there many huge corporate takeovers before both wars?
good question..ask r~
They don’t care about debt. it’s about “look at me! Look how rich I am!”
Top Economic Advisers Forecast War and Unrest
Kyle Bass, Larry Edelson, Charles Nenner, James Dines, Nouriel Roubini, Jim Rogers, Marc Faber and Jim Rickards Warn or War
Larry Edelson wrote an email to subscribers entitled “What the “Cycles of War” are saying for 2013″, which states:
Since the 1980s, I’ve been studying the so-called “cycles of war” — the natural rhythms that predispose societies to descend into chaos, into hatred, into civil and even international war.
I’m certainly not the first person to examine these very distinctive patterns in history. There have been many before me, notably, Raymond Wheeler, who published the most authoritative chronicle of war ever, covering a period of 2,600 years of data.
However, there are very few people who are willing to even discuss the issue right now. And based on what I’m seeing, the implications could be absolutely huge in 2013.
Former Goldman Sachs technical analyst Charles Nenner – who has made some big accurate calls, and counts major hedge funds, banks, brokerage houses, and high net worth individuals as clients – says there will be “a major war starting at the end of 2012 to 2013”, which will drive the Dow to 5,000.
got this story drafted as well!
also close calls with comets influence the market apparently..
http://www.washingtonsblog.com/2013/02/top-economic-advisers-forecast-war-and-unrest.html
The late Professor Raymond Wheeler, historian at the University of Kansas, found the cycles of wars going back as far as 2500 years. Before that he couldn’t get good data. One of Wheeler’s cycles is reproduced below.
http://www.buryl.com/apr_cycles.htm
reinhardt theory?
you being a student of ‘r’s, i thought you may know?
for all his faults and misses, he did unearth some interesting ‘coincidences’ worth contemplating….
tbh i didnt go into that side of it very much..just the enrons and how they came up in cycles..im sure he has a theory on it..plus i havent been on his journal for 2 years
Consolidation and centralisation of power + wealth..
Yep.