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U.S. markets recover from steep losses
CHICAGO, April 4 (UPI) -- The rising price of oil has "exacerbated" the problems caused by mergers, UAL Corp. Chief Executive Officer Glenn Tilton said.
In a speech prepared for the U.S. Chamber of Commerce, released to Crain's Business Journal, Tilton said "the negative outcomes commonly associated with mergers, such as reduced flights, customer service cuts and job losses … are exacerbated by a fragmented market dealing with the unprecedented price of oil."
Tilton has been frequently quoted as favoring the merger of UAL's United Airlines with another large carrier.
This year, Delta Airlines and Northwest Airline Corp. have discussed a possible merger, provoking a response from United to seek out a merger with Continental Airlines Inc.
"Consolidation will create stronger global networks to connect U.S. businesses to the world -- access that makes U.S. commerce more competitive," Tilton's prepared text says.
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CANBERRA, Australia, May 23 (UPI) --
Australia has passed legislation establishing the $10 billion Clean Energy Finance Corp. to provide grants and government investment to green projects.
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NEW DELHI, May 24 (UPI) --
India's state-run National Aerospace Laboratory will work with Kadet Defense Systems to develop NAL's Hansa trainer aircraft into an unmanned airial vehicle.
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The housing inventory rose slightly in April, which is unusual in the middle of the spring sales season. The uptick may be the result of rising seller confidence and it should ease concerns that the super tight inventory levels of the last six months...
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What if Europe turned out to be the new Japan?
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