1. TAKEOVER

    US Airways Cuts Deal with Unions

    PHOENIX, AZ - APRIL 19: US Airways airplanes sit at terminal four gates at Sky Harbor International Airport on April 19, 2012 in Phoenix, Arizona. As American Airlines continues through bankruptcy US Airways is working on a possible deal to takeover the troubled airline.  (Photo by Joshua Lott/Getty Images)

    Joshua Lott / Getty Images

    US Airways filed forms with the Securities and Exchange Commission in a key move toward a takeover of the bankrupt American Airlines, CBS reported Friday. A successful merger will be a major feather in US Airways’s cap, and the company has been working toward the deal for some time, lobbying in Congress and working with major American Airlines unions and creditors. Friday, the airline announced it had organized a deal with three major labor unions at American Airlines. The merger could add key domestic routes to US Airways’ services, as well as additional international routes and equipment.

    Read it at USA Today