Word: delta
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Sorry, folks, false alarm. Or at least that seems to be the message after the rumor that United Airlines and Delta Air Lines were in merger talks was quashed with Delta CEO Richard Anderson's testimony before Congress on Thursday. Anderson said that he had not spoken with any high-ranking execs at United Airlines since September, when he returned to the airline industry upon taking the helm of the Atlanta-based carrier. The two airlines had already diffused rumors on Wednesday following afternoon spikes in their share prices...
...while the rumors have fizzled, the promise of consolidation isn't so easy to shake. U.S. Airways turned up the heat by making a hostile bid for Delta during bankruptcy exactly one year ago, which came in the wake of other failed talks, such as those between United and Continental Airlines in 2006 and United and Delta in 2005. Now with industry fragmentation, too many seats and rising jet fuel prices, analysts and industry experts see consolidation as inevitable...
...Delta, in fact, is clearly in favor of industry consolidation and has established a committee to review its options for a potential merger but says there are no discussions going on with any carrier at this time. But a source familiar with Delta who spoke on the condition of anonymity says that there has been ongoing talk at the company to work toward announcing a merger and submitting it for review to the Department of Justice before Christmas, because the company wants to take advantage of the current administration before potential changes in the DOJ and the Department of Transportation...
...come from the Niger Delta, which is host to giant oil multinationals that are conducting oil-exploration activities. In the process of searching for oil, large quantities of gas have been flared throughout my over 30 years of existence and are still being flared. I was never bothered by the gas flares until I read Al Gore's Earth in the Balance, from which I learned they are a great contributor to global warming. I became enlightened but at the same time frightened by the damage done to my immediate environment and the greater world. As an African, my interest...
...ranging from oil and gas to manufacturing to real estate. The impact of this unilateral ban is indirect - Iranian companies haven't been allowed to do business in the U.S. for decades. But a similar gambit appeared to work against North Korea. In that case, the U.S. blacklisted Banco Delta Asia, a Macau bank where North Korean government and military officials had, according to some accounts, stashed millions of dollars. By targeting Banco Delta Asia, the U.S. effectively isolated it from the international financial community (banks in other countries did not want to jeopardize their U.S. business by trading with...