United pulls plug on US Airways merger in trouble deal
United Airlines is winding down its 4.3 billion merger with US Airways amid economic weakness antitrust concerns and regulatory doubt. The plan, once to create the largest airline merger, faces collapse as United logs losses and US Airways strains finances. Analysts see potential benefits in the standalone path for both carriers and preserved competition.
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LTV talks extended again as deadline nears
LTV Corp, creditors and United Steelworkers push back the talks deadline after failing to reach an agreement. A complex economic model guides every proposal while the West Side steel mill remains partially active for one more day. LTV aims to save 800 million annually, with one third from labor costs, or risk liquidation by September if no contract is reached.
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