Airlines could form two carriers if deals close
American Airlines plans to buy Trans World and seek parts of US Airways, while United aims to acquire US Airways for 4.3 billion dollars. If approved, regulators may allow a duopoly controlling about half the U.S. air travel market, drawing criticism from consumer groups about reduced price competition.
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Tech stocks move higher on Wall Street rally
Investors bought cheaper technology shares Tuesday sending the Nasdaq up 30 points and the S&P 500 higher as the Dow slipped 87 points. Analysts noted easing earnings fears and expectations the Fed may cut rates, with traders hopeful for a longer tech-led rally despite mixed company results.
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