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american airlines is still in bankruptcy and would like to get this done as quickly as possible. it is fair to say that u.s. airways and american airlines are undoubtedly surprised by this move by the u.s. justice department. and we have in the u.s. have five major airlines. fourwould lead to only airlines, main airlines. that is, delta, southwest, united, and the new american airlines. i again commend it looks like a little bit of a fight on their hands for the top executives in u.s. airways and american airlines. they do seem confident that this will get done, and maybe even by the end of this year. fresh hope that the bureau is turning a corner. >> cranking up industrial production during the month of june in the eurozone. it was up 7% in comparison to the previous month. a higher output of big-ticket items like cars and computers drove this move. durable-goods production was up almost 5%. that is reinforcing the view that the eurozone is on track to exit the recession. in thec sentiment biggest block, germany, is bouncing back. is reaching a four month high. institute is reaching a four month high. and in germa
american airlines is still in bankruptcy and would like to get this done as quickly as possible. it is fair to say that u.s. airways and american airlines are undoubtedly surprised by this move by the u.s. justice department. and we have in the u.s. have five major airlines. fourwould lead to only airlines, main airlines. that is, delta, southwest, united, and the new american airlines. i again commend it looks like a little bit of a fight on their hands for the top executives in u.s. airways...
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attorneys general from across the united states filed a lawsuit seeking to block the proposed american airlines u.s. airways merger which would create the world's biggest airline never happened stopping monopoly and protecting the.
attorneys general from across the united states filed a lawsuit seeking to block the proposed american airlines u.s. airways merger which would create the world's biggest airline never happened stopping monopoly and protecting the.
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Aug 13, 2013
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the justice department warned that the proposed deal between the parent groups of american airlines and u.s. airways would reduce competition and increase fares. but u.s. airways has rejected this claim. the leader of a group said it s not behind the attack that 44 people. it is still unclear who carried out the killings. transport authorities canada have suspended the operating license for the rail company at the center of the accident that culled 47 people in july. they say the rail network involved didn't have enough insurance for the clapes made against them. north korea, one of the word's -- has developed its own smartphone. the president made a visit to the assembly line. north korea has two million users, but almost everyone is pro vopted from dialing outside the country. >> bill clinton just completed a tour of several african countries, including tans yeah and are wanted. america's involvement with the konta inept has not been without controversy. my colleague accompanied the former president on his trip. we hear the former president's views on several issues. >> rwanda is one of the bigges
the justice department warned that the proposed deal between the parent groups of american airlines and u.s. airways would reduce competition and increase fares. but u.s. airways has rejected this claim. the leader of a group said it s not behind the attack that 44 people. it is still unclear who carried out the killings. transport authorities canada have suspended the operating license for the rail company at the center of the accident that culled 47 people in july. they say the rail network...
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Aug 14, 2013
08/13
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u.s. department of justice moved today to block the latest and largest merger in the airline world. it means the deal joining american airlines and u.s. airways be grounded permanently. ( laughter ) it was all smiles and backslaps six months ago as the airlines' c.e.o.s announced plans to merge. >> this really is about taking two airlines, putting them together and providing better service to our customers. our view is, it increases competition, doesn't decrease competition. >> brown: but today, the justice department said it will hurt competition. justice, and attorneys general from six states plus the district of columbia, filed suit in federal court to ground the $11 billion merger at the 11th hour. the department said such a merger would leave just three so-called "legacy" carriers and make flying more expensive. the "new american" would have been the world's largest carrier, dominating some u.s. domestic markets. at washington's reagan national airport, it would control 69% of the space and 63% of the routes. in a conference call with reporters, assistant attorney general william baer said the merger would "substantially lessen competiti
u.s. department of justice moved today to block the latest and largest merger in the airline world. it means the deal joining american airlines and u.s. airways be grounded permanently. ( laughter ) it was all smiles and backslaps six months ago as the airlines' c.e.o.s announced plans to merge. >> this really is about taking two airlines, putting them together and providing better service to our customers. our view is, it increases competition, doesn't decrease competition. >>...
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Aug 14, 2013
08/13
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mergers left five major airlines, but the government says creating the largest airline by combining american and u.s. airways is the tipping point, bad for consumers. >> not only become a bigger airline, but also something so much greater. >> reporter: the airlines advertising the merger are having none of this, they plan to fight and believe they will win by the end of the year, and fares won't change much. >> you take one out of the system, it does not change the fare structure one iota. and doj doesn't understand. >> reporter: the government's wrong. >> they're wrong. >> reporter: they will find out who is right and if their wallets are squeezed more bit airlines after a court has its say. reagan national airport. >>> and a life or death day for a teenager who was told he could not have the new heart that might save his life. he is one of 3500 patients waiting for a heart transplant. why was his request denied, and why did it suddenly change? gio benitez. >> reporter: inside an atlanta childrens hospital, anthony stokes is visibly weak. his mother says he has an enlarged heart, and without a transplant, h
mergers left five major airlines, but the government says creating the largest airline by combining american and u.s. airways is the tipping point, bad for consumers. >> not only become a bigger airline, but also something so much greater. >> reporter: the airlines advertising the merger are having none of this, they plan to fight and believe they will win by the end of the year, and fares won't change much. >> you take one out of the system, it does not change the fare...
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Aug 14, 2013
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airline merger. u.s. airways and american announced plans to combine in february. daryl jenkins is an airline industry analyst. do you think u.s. airways and ayerican were caught by surprise by this? >> everybody was caught by surprise on this. >> the federal government is worried about the impact on comsumers. it cites examples like a one stop round trip flight from new york to houston. the american airlines fare come ups as $1,467. ar its merger partner it costs stst $575. if the two airlines become one, the lower fare would d lo u.s. airways and americans only have 12 nonstop routes in which they overlap but a government accountability office report says 1,665 routes they serve heyld ultimately be affected by less competition and higher ighes. in a statement, the justice department said we simply cannot cprove a merger that would result in u.s. consumers paying higher fares, higher fees, and receiving less service. the airlines have announced lhey'll fight the lawsuit and jenkins, who consults for the airline industry, thinks they'll win. >> i assume they're goin
airline merger. u.s. airways and american announced plans to combine in february. daryl jenkins is an airline industry analyst. do you think u.s. airways and ayerican were caught by surprise by this? >> everybody was caught by surprise on this. >> the federal government is worried about the impact on comsumers. it cites examples like a one stop round trip flight from new york to houston. the american airlines fare come ups as $1,467. ar its merger partner it costs stst $575. if the...
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attorneys general from across the united states filed a lawsuit seeking to block the proposed american airlines u.s. airways merger which would create the world's biggest airline never happen to stop in monopoly.
attorneys general from across the united states filed a lawsuit seeking to block the proposed american airlines u.s. airways merger which would create the world's biggest airline never happen to stop in monopoly.
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american u.s. airways merger is that you have delta and united that right now have very competitive global networks those two airlines are well positioned to compete in the future american and u.s. airways are to globally and and for domestic travels to who like to fly globally from time to time people like to pick one or two carriers if they're frequent flyers the problem is that american is in dire financial straits its assets are eight billion dollars less than this liabilities it's struggling to get out of bankruptcy courts always made the situation worse by adding u.s. airways well that the combined airline is going to be in better shape that's why the airline pilots' unions and the unions want this deal to happen because they realize that their jobs are at risk if this merger doesn't go through ok ryan good to see you good to see us for dropping by. and the best to the rest of the news in the wake of edward snowden's revelations about the national security agency's spying programs americans are as concerned as ever about the ability of the government to snoop on their private lives the shadowy intelligence agen
american u.s. airways merger is that you have delta and united that right now have very competitive global networks those two airlines are well positioned to compete in the future american and u.s. airways are to globally and and for domestic travels to who like to fly globally from time to time people like to pick one or two carriers if they're frequent flyers the problem is that american is in dire financial straits its assets are eight billion dollars less than this liabilities it's...
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Aug 13, 2013
08/13
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u.s. airways and american airlines will create the biggest airline. two companies want to go ahead but the u.s. justice department is saying wait a minute. it files a suit to stop the deal from taking off. renee marsh joins me with more on this story. we've seen mergers in recent years. the justice department didn't step in. what's the issue? >> there's two big issues. the first one is if they allow this merger that would mean less competition and they say less competition leads to higher ticket prices. the big picture is they believe the consumer is going to lose if the th this merger was allowed to happen. we got a response from american airlines and u.s. airways is they plan to fight the justice department's action. we see a fight is setting up. they plan on taking whatever legal measures are necessary to go against what the justice department is trying to do. >> you know it depends on who you can ask because the justice department would say zero is at stake. they say both companies would do just fine as stand alones. they would be able to compete.
u.s. airways and american airlines will create the biggest airline. two companies want to go ahead but the u.s. justice department is saying wait a minute. it files a suit to stop the deal from taking off. renee marsh joins me with more on this story. we've seen mergers in recent years. the justice department didn't step in. what's the issue? >> there's two big issues. the first one is if they allow this merger that would mean less competition and they say less competition leads to higher...
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u.s. airways and american airlines. that proposed merger which was announced in february would make the combined airline the largest one in the world and according to washington post who plays eighty six percent of u.s. air travel in the hands of four big airlines are here in washington d.c. alone the union of u.s. airways and american airlines would control sixty nine percent of the takeoff and landing slots at reagan national airport but that's not all allowed to go through the merger would cause a massive spike in air fares is the c.b.s. evening news had to say about this last night. the federal government is worried about the impact on consumers it cites examples like a one stop round trip flight from new york to houston the american airlines fare comes up as one thousand four hundred sixty seven dollars on its merger partner u.s. airways it cost just five hundred seventy five dollars if the two airlines become one the lower fare would disappear that's almost a one thousand dollars jump monopolies are bad for consume
u.s. airways and american airlines. that proposed merger which was announced in february would make the combined airline the largest one in the world and according to washington post who plays eighty six percent of u.s. air travel in the hands of four big airlines are here in washington d.c. alone the union of u.s. airways and american airlines would control sixty nine percent of the takeoff and landing slots at reagan national airport but that's not all allowed to go through the merger would...
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Aug 13, 2013
08/13
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liz: airline stocks reacting today, and they are reacting as if they are under pressure after the justice department announced plans to block a huge american- u.s. airwayshe airline industry is basking in uncertainty because some six states are piling it on with the doj, one money manager with more than 4 billion in assets says this is your time to snap some high-flying bargains. joining me live, brandywine global not managing director. you have 4 billion, but 47 billion. it listening to you, your reaction to the situation with the proper and the justice verses american airlines and usair is. >> it is totally unexpected. there is clearly no leak because nobody saw this compass -- coming. no one saw this coming. and it is really quite surprising because to me yes, we hear of u.s. air going up to consumers, but is directly it is not a good business. our lines are not earning good margins. not different than some prior mergers that have been approved. i am fairly surprised that the doj is going out with this particular combination. liz: and so in the end the think this will go through, even when you have some six states plus d.c. and the burden of justice
liz: airline stocks reacting today, and they are reacting as if they are under pressure after the justice department announced plans to block a huge american- u.s. airwayshe airline industry is basking in uncertainty because some six states are piling it on with the doj, one money manager with more than 4 billion in assets says this is your time to snap some high-flying bargains. joining me live, brandywine global not managing director. you have 4 billion, but 47 billion. it listening to you,...
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u.s. airways and american airlines. will talk to the arizona attorney general who is part of this suit to prevent the merger. liz: plus, organic food sales and an $27 billion in 2012. one company, they're taking full advantage of this booming industry. life wait ceo joining us. this stock skyrocketing. it. ♪ my mothemade the best toee in the world. it's delicious. so now we've turned her toffee into a business. my goal was to take an idea and make it happen. i'm janet long and i rmed my toffee company through legalzoom. never really thought i would make money doing what love. [ robert ] we created legalzm to help people start their business and launch the dreams. go to legalzoom.com today and make your business dre a reality. at legalzoom.com we put the law on your side. liz: well the breaking news, just about an hour 1/2 ago was that carl icahn beated he was taking a stake in apple. indeed it's a billion dollar stake he tweeted it out. we got him on the phone. we have charlie gasparino on the phone, charlie, just a few
u.s. airways and american airlines. will talk to the arizona attorney general who is part of this suit to prevent the merger. liz: plus, organic food sales and an $27 billion in 2012. one company, they're taking full advantage of this booming industry. life wait ceo joining us. this stock skyrocketing. it. ♪ my mothemade the best toee in the world. it's delicious. so now we've turned her toffee into a business. my goal was to take an idea and make it happen. i'm janet long and i rmed my...
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Aug 22, 2013
08/13
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. >> the government is continue to go fighalt the murder between american airlines and u.s. airways. what will american airlines do if the merger falls through? they haven't figured that out yet. american airlines has no plan b should the merger with u.s. airways fall through. that is according to the general council who confirmed that detail to the news. the justice department moved last week to block this airline message saying it reduces competition and harms consumers in the end with higher ticket prices. americans banked on the merger for its ticket out of bankruptcy. it has spent get this half a million dollars a day in legal bills and the cost to fight the government to get this merger to go through. it is only going to add to that tab. here is another growing tab, the cost to own a car. bank rates say the national average is $3,200 a year that includes gas, insurance, taxes and repairs. it is the most expensive in georgia. more than $4,200 that is because cities like atlanta lack public transportation and also georgia has the highest automobile taxes in the entire u.s. drivi
. >> the government is continue to go fighalt the murder between american airlines and u.s. airways. what will american airlines do if the merger falls through? they haven't figured that out yet. american airlines has no plan b should the merger with u.s. airways fall through. that is according to the general council who confirmed that detail to the news. the justice department moved last week to block this airline message saying it reduces competition and harms consumers in the end with...
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Aug 18, 2013
08/13
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the justice department said it's trying to block mergeer between american airlines and u.s. airwayw came to the airline defense. could the government plan end up backfiring on travelers and the worker for the companies? >> absolutely. the reason for merger is make sure they survive. miles per hour airlines is in bankruptcy to emerge from it. they have a combined share of 25%. the real reason that the government is opposing this. the reagan airport, it would be a huge domination by the. two that's where the people from the justice department go. they allowed the united-continental mergeer. they earned the delta northwest mergeer. this is politics. >> david: this is a nimby things. not in my backyard. >> i see steve's point. but we are seeing negative result of the merger. the prices are going up. the convenience goes down. schedules are getting worse. i actually agree with the justice department on this one. this is too big. not a good idea. >> david: i suspect john neither agrees with you nor the justice department. >> we re-entered rick's parallel uniform. >> massive human delusio
the justice department said it's trying to block mergeer between american airlines and u.s. airwayw came to the airline defense. could the government plan end up backfiring on travelers and the worker for the companies? >> absolutely. the reason for merger is make sure they survive. miles per hour airlines is in bankruptcy to emerge from it. they have a combined share of 25%. the real reason that the government is opposing this. the reagan airport, it would be a huge domination by the....
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u.s. justice department is challenging the proposed merger of american airlines and us airways.he merger would create the world's biggest carrier. the department has filed a lawsuit to block the merger, saying it violates antitrust laws. attorney general eric holder said in a statement that passengers would end up paying higher air fares and have fewer choices. he also said ensuring robust competition in the market serves the best interests of consumers. american airlines is the country's third largest carrier. it went bankrupt two years ago, and has been undergoing business restructuring. american airlines and us airways, the fifth largest carrier, announced in february they would merge in late 2013. >>> global prices for oil and liquified natural gas are going up. so electric companies are taking a second look at coal. the fossil fuel has a reputation for being dirty and dangerous to people's health, but technology developed in japan is turning coal into cleaner and safer energy source. nhk world reports. >> reporter: this coal-fired power station in yokohama has been attracti
u.s. justice department is challenging the proposed merger of american airlines and us airways.he merger would create the world's biggest carrier. the department has filed a lawsuit to block the merger, saying it violates antitrust laws. attorney general eric holder said in a statement that passengers would end up paying higher air fares and have fewer choices. he also said ensuring robust competition in the market serves the best interests of consumers. american airlines is the country's third...
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on the floor of the new york stock exchange. >> talking about the airlines again, and, obviously, the companies, u.s. airways, and americanointed by the attempt to block the merger of the two airlines. stocks selling off. u.s. airways, where it trades down 10%, 1694 is the level, and the larger group, all the names here, they are rallying back. most of them down, jet blue, however, in the plus column, so all of these stocks were down dramatically after the news broke, but coming back now. back to you. >> thank yous, lauren, see you in a bit. >> joins me with more on the markets, big reversal this afternoon is chad morganlander, portfolio manager of steven nicholas, a good friend of ours, and there's a hopeful ora in the air. i love that. what's the hope based on, chad, and welcome. >> well, thank you for having me. the hope is based off a third and fourth quarter revival with an aggregate demand not only here in the united states, but globally. the hope is that european economy will no longer be in a deep recession, but will gradually improve. the u.s., of course, will also continue to accelerate their growth, which will
on the floor of the new york stock exchange. >> talking about the airlines again, and, obviously, the companies, u.s. airways, and americanointed by the attempt to block the merger of the two airlines. stocks selling off. u.s. airways, where it trades down 10%, 1694 is the level, and the larger group, all the names here, they are rallying back. most of them down, jet blue, however, in the plus column, so all of these stocks were down dramatically after the news broke, but coming back now....
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there are definitely a negative to this merger. >> american airlines and u.s. airways today vowed to fight the legal challenge. they say the merger would create a stronger network of flights to give travelers more choices. >>> organizers of the three-day outside lands festival in san francisco are asking attendees to claim lost and found items. they are asking anyone who lost something at the event to pick it up at the bill grand civic auditorium between 9:00 a.m. and 5:00 p.m. by this friday. they also posted a long list of unclaimed items on the internet. lost items include passports, driver's licenses, credit cards, cameras, wallets, backpacks and keys. that website was down for a while this afternoon. if it reappears, we'll post a link at ktvu.com under web links. >>> here at the halfway point of august and finally it feels like true summer. let's go now to our chief meteorologist bill martin. bill, gentlemen been waiting for this for weeks. >> it's been a really cool august so far. temperatures are getting about as warm as they have been certainly this month. all
there are definitely a negative to this merger. >> american airlines and u.s. airways today vowed to fight the legal challenge. they say the merger would create a stronger network of flights to give travelers more choices. >>> organizers of the three-day outside lands festival in san francisco are asking attendees to claim lost and found items. they are asking anyone who lost something at the event to pick it up at the bill grand civic auditorium between 9:00 a.m. and 5:00 p.m....
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Aug 15, 2013
08/13
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u.s. airways a good move considering the lawsuit to stop the carrier from merging with american airlines. >>> delphi in favor of high-end jeller tiffany and the omega advisors unloaded most of the facebook shares. >>> those regulatory filings are one way investors learned what wall street's big dogs are doing but another way is via facebook and especially twitter. on tuesday, apple shares shot up 5% after billionaire carl icahn tweeted he has a large stake in the iphone maker. the freedom to tweet is a game changer in the business world. as julia borston tells us with that freedom comes risks for investors. >> twitter which has quickly become the world's breaking news feed is shaking up the business of wall stroort aeet and invest. they take to twitter to talk stocks, sometimes moving markets. carl icahn said he may use twitter to release information before taking to the communications tool to tweet the position in apple sending the stock soaring. >> twitter is a new player in the financial market. it's being fed into the high-frequency traders who dominate trading volume now. >> in april
u.s. airways a good move considering the lawsuit to stop the carrier from merging with american airlines. >>> delphi in favor of high-end jeller tiffany and the omega advisors unloaded most of the facebook shares. >>> those regulatory filings are one way investors learned what wall street's big dogs are doing but another way is via facebook and especially twitter. on tuesday, apple shares shot up 5% after billionaire carl icahn tweeted he has a large stake in the iphone maker....
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this time, it's american airlines and u.s. airways. that merger would create the world's biggest airline. the justice department and six states, though, have filed a lawsuit to block the proposed merger saying fares will increase, something at least one expert disagrees with. >> take one out of the system, it does not change the fare structure one iota. and doj just doesn't understand that. >> the government's wrong? >> they're wrong. >> the reaction has been swift from the airlines, though, which have already started advertising the merger. the ceo of u.s. airways has been defiant saying, the deal would close by the end of the year. >>> as diet soda sales decline, coca-cola is running its first ads defending the safety artificial sweeteners. coke is touting scientific evidence that shows that the active ingredient commonly known under the nutrasweet brand name is not harmful. the ad will begin in newspapers today in the atlantic area. >>> recent studies find that sugar, even at moderate levels could be toxic. not just to your health bu
this time, it's american airlines and u.s. airways. that merger would create the world's biggest airline. the justice department and six states, though, have filed a lawsuit to block the proposed merger saying fares will increase, something at least one expert disagrees with. >> take one out of the system, it does not change the fare structure one iota. and doj just doesn't understand that. >> the government's wrong? >> they're wrong. >> the reaction has been swift from...
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a lawsuit claims the merger of american airlines and u.s. airwaysld decrease competition and create higher fares and fees for customers. >>> a bay area state senator wants to crack down on doctors believed to be recklessly prescribing oxycontin. a concord senator is demanding the names of california doctors who prescribe the painkiller to drug dealers an addicts. he and a southern california state senator say the drugmaker has a list of 1800 doctors across the country who show signs of dangerous prescribing. only 154 of those names have been turned over to police. >>> an east bay city known more for wineries is gaining fame for its breweries. the city's first brewery altamont beer works, is already a popular spot and the first street ale house in downtown livermore reportedly orders 50 kegs of beer a week. >>> a berkeley couple is hoping to find the owners of a dog found swimming in the middle of the bay. a woman brought the dog in to see if there was a microchip. they found nothing. the dog is well-fed, healthy, with a nice collar and looks like sh
a lawsuit claims the merger of american airlines and u.s. airwaysld decrease competition and create higher fares and fees for customers. >>> a bay area state senator wants to crack down on doctors believed to be recklessly prescribing oxycontin. a concord senator is demanding the names of california doctors who prescribe the painkiller to drug dealers an addicts. he and a southern california state senator say the drugmaker has a list of 1800 doctors across the country who show signs of...
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Aug 14, 2013
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airlines and us airways. the justice department says deal would be bad for consu >>> the feds are blocking the mega-merger between american airlines and u.s the justice department says the deal would be bad for consumers because it will lead to higher ticket prices and higher fees. the $11 billion merger would create the world's largest airline and would give the new company nearly 70% of take-off and landing slots, squeezing out low-cost airlines. >>> one in four consumers finds mistakes on a credit record that can really make a difference in getting a loan. on the consumerwatch, sue kwon shows us how a credit reporter. >> reporter: nearly derailed one woman's plans to buy a car. >> reporter: ro. >>> reporter: sheila is ready to trade in her 14-year-old van. with repair receipts piling up, she needs a more reliable car. but she is worried what she spotted on her free annual credit report will hurt her chances at financing it. >> i'm just overwhelmed. >> reporter: her transunion report shows she went over a $10,000 credit limit on her citibank visa at one point this year. but she has statements proving her highest balance was just more th
airlines and us airways. the justice department says deal would be bad for consu >>> the feds are blocking the mega-merger between american airlines and u.s the justice department says the deal would be bad for consumers because it will lead to higher ticket prices and higher fees. the $11 billion merger would create the world's largest airline and would give the new company nearly 70% of take-off and landing slots, squeezing out low-cost airlines. >>> one in four consumers...
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Aug 14, 2013
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the justice department is taking american airlines and u.s. airways to court. government says the deal woul lead to increases in ticket prices and fees for travelers. the proposed merger would give the new company nearly 70% of takeoff, landing slots. squeezing out the low cost airlines. >> crews are fixing eight emergency sirens along with san mateo coast. the sirens are designed to warn people in the event of a tsunami. only three of the eight sirens along the coastline between pacifica are working. the repairs are expected to be completed by next month. >> one of the bay areas oldest living objects. palo alto's iconic gate keeper is having its roots and trunk inspected by radar unit to assess its health. the 1100-year-old giant redwood is getting a 110-foot irrigation tube. a south bacon culting company is donating the work to the city. >> is this on the city seal, i think? palo alto. >> yeah. >> the misters now,. >> very well taken care of. i love that. >> do you miss my highest limb? seriously, the tree requested, look what the tree got. here's a live look
the justice department is taking american airlines and u.s. airways to court. government says the deal woul lead to increases in ticket prices and fees for travelers. the proposed merger would give the new company nearly 70% of takeoff, landing slots. squeezing out the low cost airlines. >> crews are fixing eight emergency sirens along with san mateo coast. the sirens are designed to warn people in the event of a tsunami. only three of the eight sirens along the coastline between pacifica...
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fight for flight.attorneys for american airlines and u.s. airways are gearing up for a courtroom battle to prove the merging of the airlines won't hurt consumers. the government is blocking the deal with a lawsuit. todd horwitz joins us now, he's with average joe options. good morning and there has been some selling in this market my friend. > >good morning angie. yes there has been some selling. very muted. if you take a look at the bigger picture we're really range bound between 1680 in the s &p on the downside and 1700 on the upside. and in the last nine days, we have not violated either side of that. so, although it feels busy we are lacking volume and volatility. yesterday was a little bit of a selloff but it certainly didn't get carried away, it certainly wasn't done on any real volume or any real panic. > >and you're my bear on the show so that sounds like a mild situation to me. moving into inflation---some inflation numbers came out yesterday. we also heard from the fed president saying that we might see some runaway inflation in the distan
fight for flight.attorneys for american airlines and u.s. airways are gearing up for a courtroom battle to prove the merging of the airlines won't hurt consumers. the government is blocking the deal with a lawsuit. todd horwitz joins us now, he's with average joe options. good morning and there has been some selling in this market my friend. > >good morning angie. yes there has been some selling. very muted. if you take a look at the bigger picture we're really range bound between 1680 in...
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Aug 30, 2013
08/13
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KRCB
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challenging american airlines and u.s. airways will start on november 25th. that's good news for the two carries since the justice department wanted it to start next march saying it needed more time. >>> it's called a black budget and no one is supported to know what is in it, however, top secret documents disclosed by nsa leaker edward snowden show a massive amount of money set aside for u.s. spying operations outside the cia or the nsa. amen jaifers joins us with me. sounds like a spy novel. >> absolutely. this is one of the most grossly held secrets of the intelligence, how much does it spend on the things that it does, how many employees does the united states intelligence community actually have? they want to keep that secret. thanks to this leak from edward snowd snowden, "the washington post" broke a blockbuster story and detailed for the first time what exactly is in the budget for the intelligence committee, including more than 21,000 employees at the cia. the first time we've seen this level. >> very fascinating reading that story. i know you looked
challenging american airlines and u.s. airways will start on november 25th. that's good news for the two carries since the justice department wanted it to start next march saying it needed more time. >>> it's called a black budget and no one is supported to know what is in it, however, top secret documents disclosed by nsa leaker edward snowden show a massive amount of money set aside for u.s. spying operations outside the cia or the nsa. amen jaifers joins us with me. sounds like a...
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Aug 14, 2013
08/13
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KGO
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a surprise from washington justice department blocked merger of american airlines and u.s. airways. koit have become the world's biggest carrier lifting american out of bankruptcy. the government says it will lead to higher fares and fewer choices. hj heinz company today said it will eliminate 600 jobs in the united states and canada. 350 coming in pittsburgh about a third of the staff there. heinz was sold and layoffs were announced after a review. >> just ahead on abc 7 news at 6:00 the last laugh for malibu grand prich. >> why that amusement sent jer closing down after 35 years. >>> john muir is one of the country's best known and most respected conservationists. you may not know he launched his preservation campaign from here in the bay area. a local company is preserving his home for future generations using a high tech method to do it. it's a story you'll see only on abc 7 news. from this >> it wasn't just a person walking in the wilderness with tea and pieces of bred but but lived a rich family live this, is where it was all done. >> the house was built in 1883 now a notion na
a surprise from washington justice department blocked merger of american airlines and u.s. airways. koit have become the world's biggest carrier lifting american out of bankruptcy. the government says it will lead to higher fares and fewer choices. hj heinz company today said it will eliminate 600 jobs in the united states and canada. 350 coming in pittsburgh about a third of the staff there. heinz was sold and layoffs were announced after a review. >> just ahead on abc 7 news at 6:00 the...
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Aug 14, 2013
08/13
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KNTV
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the department of justice is suing up to stop a merger between american airlines and u.s. airways. department and a group of attorneys general filed the lawsuit in federal court in washington, d.c. trying to stop the proposed deal which would be worth $11 billion. the merger would create the world's largest airline. the suit claims that passengers would get less choice, fewer services and higher fares. >>> now to our bay area proud series where two weeks ago we were all a little teary eyed when we introduced you to a remarkable bride about to have a dream wedding. thanks to the kindness of strangers. >> the story of this local wedding has since spread around the world, and nbc bay area garvin thomas is here to update us on all that has happened since he first aired the story including the big day. >> reporter: jen bowe krk learned a couple of years ago that her stage 4 lung cancer had progressed to the point she should begin preparing for the end. for jen, that included getting married. now what has happened since she made that decision, jen says, has actually made her battle with
the department of justice is suing up to stop a merger between american airlines and u.s. airways. department and a group of attorneys general filed the lawsuit in federal court in washington, d.c. trying to stop the proposed deal which would be worth $11 billion. the merger would create the world's largest airline. the suit claims that passengers would get less choice, fewer services and higher fares. >>> now to our bay area proud series where two weeks ago we were all a little teary...
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Aug 14, 2013
08/13
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KPIX
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. >>> american airlines and u.s. airwaysowing to fight the antitrust suit to reduce competition giving travelers fewer choices and higher airfares. some analysts say the airlines will still merge eventually if they make concessions. >>> more u.s. flights were on time in the first six months of this year compared to the same period in 2012. hawaiian airlines had a best on- time performance with american eagle at the other end of the the number of canceled flights was also down but there were more cases of lost luggage. >>> trading on wall street resumes in about two hours. investors hope yesterday's trend will continue. stocks rose in response to a small uptick in retail sales last month. dow and nasdaq closed higher. >>> a simple twitter message prompted a huge jump in stock price from apple coming from billionaire investor carl icahn who suggested apple stock is undervalued and made a large investment in the company. apple stock rose 5% just under $490 a share, but that's still far short of its high of $705 a share. >>> lar
. >>> american airlines and u.s. airwaysowing to fight the antitrust suit to reduce competition giving travelers fewer choices and higher airfares. some analysts say the airlines will still merge eventually if they make concessions. >>> more u.s. flights were on time in the first six months of this year compared to the same period in 2012. hawaiian airlines had a best on- time performance with american eagle at the other end of the the number of canceled flights was also down...
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Aug 14, 2013
08/13
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KOFY
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a surprise from washington justice department blocked merger of american airlines and u.s. airways. have become the world's biggest carrier lifting american out of bankruptcy. the government says it will lead to higher fares and fewer choices. hj heinz company today said it will eliminate 600 jobs in the united states and canada. 350 coming in pittsburgh about a third of the staff there. heinz was sold and layoffs were announced after a review. >> just ahead on abc 7 news at 6:00 the last laugh for malibu grand prich. >> why that am [ man ] it's big. fast. safe. quickly reconnects families. same with aladdin. brings families back together. aladdin became the biggest in bail by treating people right. no one has lower prices, is faster or more professional than aladdin. we'll get you through it. aladdin bail bonds. bigger because we're better. aladdin bail bonds. if you've got it, you know how hard it can be to breathe and man, you know how that feels. copd includes emphysema and chronic bronchitis. spiriva is a once-daily inhaled copd maintenance treatment that helps open my obstruct
a surprise from washington justice department blocked merger of american airlines and u.s. airways. have become the world's biggest carrier lifting american out of bankruptcy. the government says it will lead to higher fares and fewer choices. hj heinz company today said it will eliminate 600 jobs in the united states and canada. 350 coming in pittsburgh about a third of the staff there. heinz was sold and layoffs were announced after a review. >> just ahead on abc 7 news at 6:00 the...
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Aug 13, 2013
08/13
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CNBC
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airline stocks plunging today. the u.s. government in several states suing to block the merger between u.s. airways and american airlines. phil lebeau joins us now with the details. >> reporter: this is all about whether or not you believe the merger between u.s. airways and american airlines hurts competition around the country. the justice department says that is clearly what's going on if these two airlines merge. a number of routes where there is not enough competition. we'll talk about one specific airport in particular. the lawsuit will also slow down amr's bankruptcy exit. there was supposed to be a vote on thursday that would allow that exit to happen contingent upon the merger between u.s. airways and amr. that is likely going to be delayed. u.s. airways ceo doug parker says this merger will not be happening in the third quarter. we talked about where we may see some competition concerns from the justice department. reagan airport, d.c., that is the primary area that the justice department pointed out. they say that this merger will hurt competition for people flying in and out of that airport and they point out
airline stocks plunging today. the u.s. government in several states suing to block the merger between u.s. airways and american airlines. phil lebeau joins us now with the details. >> reporter: this is all about whether or not you believe the merger between u.s. airways and american airlines hurts competition around the country. the justice department says that is clearly what's going on if these two airlines merge. a number of routes where there is not enough competition. we'll talk...
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Aug 18, 2013
08/13
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CNN
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that's the message of the justice department to american airlines and u.s. airways. ger of two would create the world's biggest airline but the government says it's a bad deal for consumers. airlines have been merging since the late 1970s. there were 20 major airlines in the u.s. by 1990, there were just 12 and today there are just 7. the u.s. has seen three, count them, three huge merge earls in five years to keep airlines in the sky. you couldn't make money doing it alone. but the justice department says, that's not the case here. and if this merger goes through, those four airlines will control more than 80% of the u.s. air travel market. this is the chart that the airline industry wants you to see. it's the cost of flying. cost of flying has dropped over those 30 years. although prices ticked up a little bit in the last decade. but here's a chart they don't want you to see. in 2010, jet blue and american airlines, they made a deal giving jetblue slots at washington's reagan national airport. before landing there, u.s. airways charged more than $1,200 for a ticket
that's the message of the justice department to american airlines and u.s. airways. ger of two would create the world's biggest airline but the government says it's a bad deal for consumers. airlines have been merging since the late 1970s. there were 20 major airlines in the u.s. by 1990, there were just 12 and today there are just 7. the u.s. has seen three, count them, three huge merge earls in five years to keep airlines in the sky. you couldn't make money doing it alone. but the justice...
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Aug 14, 2013
08/13
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FOXNEWSW
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u.s. airways and american airlines.f it does happen if this merger happens it could end up costing you. we will hear about that story and all of the other top business stories this morning. jolene, good morning. >> good morning. yesterday the department of justice sued american airlines and u.s. airways over their $11 million merger. it would cause substantial harm to consumers. how much will it cost you? americans will be hit with higher fares and fees because the merger would eliminate yet another competitor on more than 1,000 routes. share hoerlds might benefit creditors might benefit. the fact of the matter is skunlers will gets the shaft. the airline said the government is wrong and they will be fighting back last year $70 million we $70 million -- 70 billion was spent on personal and business travel. >> there is a new hyundai recall. by this time next year it will be a lot easier to check if the cars have actually been fixed. according to usa today national highway traffic administration officials will announce a
u.s. airways and american airlines.f it does happen if this merger happens it could end up costing you. we will hear about that story and all of the other top business stories this morning. jolene, good morning. >> good morning. yesterday the department of justice sued american airlines and u.s. airways over their $11 million merger. it would cause substantial harm to consumers. how much will it cost you? americans will be hit with higher fares and fees because the merger would eliminate...
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Aug 13, 2013
08/13
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CNBC
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justice department dropping a bombshell on the airline industry by blocking the merger of american airlines and u.s. airways has the details. a shocking story, here. phil. >> reporter: yeah, nobody saw this coming, certainly within the airline industry, it was unexpected. it comes down to whether or not you believe the merger will hurt competition and result in higher fares and fees. here's what happened today. the doj filing an antitrust lawsuit, saying it will hurt competition. the lawsuit will slow down amr's exit from bankruptcy. remember on thursday, creditors were supposed to vote on a bankruptcy exit plan, which would be contingent on the merger. u.s. airways ceo doug parker says this merger will no longer happen in the third quarter. they're not giving up on it completely. in fact, they say they plan to fight the doj lawsuit. both parker as well as tom horton, the ceo of american, are out with letters to employees today, defending the benefits of this merger. so for the time being, instead of these two airlines combining and becoming the largest in the country, they will remain where they are, with
justice department dropping a bombshell on the airline industry by blocking the merger of american airlines and u.s. airways has the details. a shocking story, here. phil. >> reporter: yeah, nobody saw this coming, certainly within the airline industry, it was unexpected. it comes down to whether or not you believe the merger will hurt competition and result in higher fares and fees. here's what happened today. the doj filing an antitrust lawsuit, saying it will hurt competition. the...
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Aug 20, 2013
08/13
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FBC
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american airlines and u.s. airways are merging.ently the teamsters didn't want to get into the middle of fighting with another union. or maybe the real reason is the teamsters that it wasn't worth the effort anyway. remember that it was rising labor costs are brought these two
american airlines and u.s. airways are merging.ently the teamsters didn't want to get into the middle of fighting with another union. or maybe the real reason is the teamsters that it wasn't worth the effort anyway. remember that it was rising labor costs are brought these two
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Aug 14, 2013
08/13
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WGN
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u.s. government sues to block the proposed merger of american airlines and u.s. airways. today, the u.s.l from six states and the disctrict of columbia filed an anti-trust lawsuit challenging the $11 billion merger. the justice department says it would decrease competition, create higher airfares and baggage fees, and worse customer service. american and u.s. airways call the assessment of its merger "wrong" and say they plan to fight that lawsuit. >> and it is toms night tonight. what does the forecast look like? >> a lot of people are looking for warm weather and we have some in our forecast. look at the ones out in the western end, these are the current temperatures. it is 59 degrees at green bay but 91 degrees at boise, idaho. look what happens here as we drop into tonight, 40's up around here near lake geneva. 50 at woodstock. it will warm up tomorrow, only up to the low 70's. we have a high mold count today. one thing you have to say for canadian high pressure, it certainly hollows out the precipitation in the center of the country. there are storms on its periphery down near the g
u.s. government sues to block the proposed merger of american airlines and u.s. airways. today, the u.s.l from six states and the disctrict of columbia filed an anti-trust lawsuit challenging the $11 billion merger. the justice department says it would decrease competition, create higher airfares and baggage fees, and worse customer service. american and u.s. airways call the assessment of its merger "wrong" and say they plan to fight that lawsuit. >> and it is toms night...
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going up the planned merger of american airlines and u.s. airways would put eighty six percent of our country's air travel in the hands of only four major airlines and would totally screw over consumers so why would anyone support find out after the break. we'll. technology innovation all the developments from around russia. the future are covered. a little mission. critical should free in-store chargers free arrangements free. three stooges free. old free blog loading video for your media project a free media dog our t.v. dog tom. is it possible to navigate the economy with all the details of his diction information and media hype will keep you up to date by decoding the mainstream status if in your ranks. one of the wonderful marginalized. face i think you know. little. pleasure to have you with us here on t.v. today i'm sure. led. back to the big picture on child marvin coming up in this half hour and us agents aren't the only ones stealing your data over the past decade private corporations and so a god that. you have made billions by selling pa
going up the planned merger of american airlines and u.s. airways would put eighty six percent of our country's air travel in the hands of only four major airlines and would totally screw over consumers so why would anyone support find out after the break. we'll. technology innovation all the developments from around russia. the future are covered. a little mission. critical should free in-store chargers free arrangements free. three stooges free. old free blog loading video for your media...
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Aug 17, 2013
08/13
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CSPAN
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american and u.s. airways, the two americans on the same side as all the big labor unions in this merger. the u.s. airways pilots, flight attendants from both airlines agents, nearly every worker involved in this memorier wants it to happen. because it is going to mean a net benefit, in their words, for their salaries and their working conditions. it's going to be a bigger, more healthy airline for them to get pay increases and have better working conditions. so it's interesting. you have the justice department making a challenge here to enjoy this merger, and you have on the other side the labor union saying no, we want this to happen. host: the responsibility to unions, does it play a big part about bankruptcy or when decisions are made about mergers and those issues? guest: absolutely. in the bankruptcy court, you know, the unions are some of the biggest stakeholders. they're some of the biggest creditors. they have a very big say on what the airline does in bankruptcy. in many ways, it's the most difficult fight the airline is going to have in bankruptcy. it's the biggest cost. you know, obviously they can't do anything about their fuel costs ne
american and u.s. airways, the two americans on the same side as all the big labor unions in this merger. the u.s. airways pilots, flight attendants from both airlines agents, nearly every worker involved in this memorier wants it to happen. because it is going to mean a net benefit, in their words, for their salaries and their working conditions. it's going to be a bigger, more healthy airline for them to get pay increases and have better working conditions. so it's interesting. you have the...