1. TAKEOVER

    US Airways Cuts Deal with Unions

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    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