American and US Airways win bankruptcy court merger approval
The court approves a merger to form the world’s largest airline by combining American Airlines and US Airways. The deal still needs antitrust and shareholder approvals with closing expected by fall and a 6700 daily flights, about $40 billion in annual revenue.
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New York
American Airlines
US Airways
Sean H. Lane
Tom Horton
American
AMR Corp
Department of Justice Antitrust
Cyprus imposes capital controls as banks reopen
Banks in Cyprus reopen after a week with six hour trading, cash withdrawals limited to 383 dollars per person per day and no cashing checks. Other caps include 6400 dollars on international transactions and 1000 euros cash for travelers. Four day enforcement follows a 7.5 billion euro bailout deal agreed in Brussels.
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Cyprus
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Supreme Court signals possible DOMA ruling aiding same sex marriage
The Supreme Court indicat ed it could strike down parts of the Defense of Marriage Act, potentially expanding federal recognition of same sex marriages. Justices voiced concerns over two classes of marriage and its impact on state authority, with Kennedy and others questioning DOMA’s reach. Public reactions and endorsements from Obama Clinton and rights groups framed the political backdrop as the court weighed federal marriage definitions.
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Associated Press
Records reveal Loughner's downward spiral before Giffords shooting
Investigators released 2700 pages showing Jared Loughner becoming increasingly delusional after job loss and college expulsion. He flashed a Glock at a friend, spoke of government trouble, and faced a traffic stop before the attack that killed six and wounded 11. Family dynamics show parents struggling to reach him.
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Tucson ex-mayoral candidate backs free shotgun program
Shaun McClusky launches privately funded plan to arm residents in crime hot spots with basic shotguns after passing background checks. Donors total about $12,000 with potential distribution within 60 days as he criticizes city government for failing to protect residents.
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Shaun McClusky
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North Korea cuts last military hotline with South
Pyongyang says it will sever all military communications with Seoul amid rising tensions as South Korea’s new government pursues policy changes. The hotline had linked the two militaries but remained a narrow channel during a long technical war. South Korea and the United States continue joint drills seen by Pyongyang as invasion rehearsals.
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