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US Airways Group Inc

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  • Delta Air Lines said it narrowed its loss in November to $49 million, keeping it on track to exit bankruptcy as a stand-alone company in the spring.

  • US Airways CEO Rules Out Higher Offer for Delta Now Thursday, 28 Dec 2006 | 2:45 PM ET

    US Airways has no intention right now to increase its $8.4 billion offer for Delta Air Lines and it can't see itself backing out of its pursuit of Delta for any reason, Chief Executive Doug Parker said.

  • "It expects Delta to consider methodically, proactively and fairly strategic alternatives to its proposed stand-alone Chapter 11 plan," said Jefferies & Co., the group's financial advisor.

  • Both the Dow Jones Industrial Average and the S&P 500 ended the day higher – with the Dow setting another record, closing up 30 points and the S&P up 3 – all this despite worrisome economic data coming in the form of a rise in wholesale prices and a decline in housing permits. The NASDAQ couldn’t keep up, falling 6 points on continued weakness in the technology sector.

  • Delta Rejects US Airways' Bid, Woos Creditors Tuesday, 19 Dec 2006 | 1:38 PM ET

    Delta Air Lines  has rejected US Airways' $8.4 billion hostile bid in favor of a plan to re-emerge from bankruptcy as a standalone company. CNBC's Phil LeBeau says Delta focused today on convincing creditors their plan is best for them.

  • Delta CEO: US Air Buyout Is A Bad Deal Tuesday, 19 Dec 2006 | 9:47 AM ET

    Delta Air Lines is forecasting a return to profitability next year, and again rejecting U.S. Airways' hostile overtures. The company's top executives have been hosting a webcast this morning--and CNBC’s Phi LeBeau has been monitoring details as they unfold...

  • Delta to File for $12 Billion Reorg: Paper Monday, 18 Dec 2006 | 12:19 PM ET

    Delta Air Lines, working to beat back an $8.4 billion merger bid from US Airways Group, is expected as soon as Tuesday to file a sweeping bankruptcy reorganization plan, the Wall Street Journal said on its Web site, citing people familiar with the matter.

  • CNBC's LeBeau: In Order To Compete--Airlines Must Merge Wednesday, 13 Dec 2006 | 1:00 PM ET

    The airline industry has seen a wave of potential M&A activity of late. Reports say UAL, the parent of United Airlines, and Continental Airlines are talking merger – though analysts speculate a deal is still far off. Also, AirTran Holdings has made a hostile bid for Midwest Air Group worth $290 million, or $11.25 a share. All this comes just a month after US Airways Group made a hostile bid of its own for Delta Air Lines.

  • CNBC's Domm: The Market Outlook Wednesday, 13 Dec 2006 | 8:00 AM ET

    U.S. stocks are taxiing towards a slightly higher opening today as airline takeover activity is set to give the transports a lift. Retail sales data for November could also give the market some direction and provide further clues to the consumer this holiday season. MERGERS AT THE GATE: Our Phil Lebeau is reporting on takeover talks...

  • CNBC's Domm: Market Preview Tuesday, 12 Dec 2006 | 8:05 AM ET

    U.S. stocks are showing hesitancy ahead of today's Fed announcement with futures pointing to a lower opening. Japanese stocks were higher overnight and European stocks trade lower after initial strength. The U.S. dollar was weaker ahead of the Fed overnight, as the yen slid to a record low against the Euro.

  • Today--December 1, 2006 on cnbc.com Friday, 1 Dec 2006 | 8:09 AM ET

    Good morning--it's December 1, 2006--24 days until Christmas--and counting. We're having a busy day so far. U.S. Representative Harold Ford Jr. from Tennessee is guest host on "Squawk Box." He lost that closeU.S. Senate seat race last month to Repbublican Bob Corker.