WASHINGTON (AP) -- The Justice Department has approved a much-anticipated merger between Delta and Northwest, clearing the way for the creation of the world's largest airline. Federal regulators said Wednesday the merger would likely benefit consumers without substantially reducing competition. Another hurdle remains ahead, however: a federal lawsuit seeking to block the deal. Trial is set for Nov. 5 in San Francisco. The combined airline would be called Delta and keep its Atlanta headquarters and its chief executive, Richard Anderson. Northwest would become a wholly owned subsidiary of Delta during the integration process. Wednesday's decision caps a six-month Justice Department investigation of the deal.
Alright, so the Fed says the merger will likely benefit consumers... do you buy it?
Thanks for blogging,
Corrina
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Vancouver
Oct 29, 2008 | 4:12 PM |
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Truthguys
Oct 29, 2008 | 10:49 PM |
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Vlad
Oct 30, 2008 | 4:24 PM |
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Vlad
Oct 30, 2008 | 7:55 PM |
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didaskalos
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Corrina Sullivan joined FOX 35 as primary anchor in January of 2007. Corrina co-anchors FOX 35 News at 6 & 10. Not an anchor glued to the desk, she enjoys working in the field providing dynamic, in-depth reports. Corrina hails from Baltimore, Maryland. It was there she quickly acquired a love for the water and boating. She and her husband met and married in St. Louis, but now consider Orlando home and look forward to making an impact on the community together.
Member Since: 2/19/2007