The CEOs of American Airlines parent company and US Airways are talking to each other about potential merger scenarios. AMR Corp. CEO Thomas Horton and US Airways’ Doug Parker met Thursday over breakfast.
The major unions for Fort Worth-based American Airlines have decided to back US Airways hostile takeover of the airline. While the unions can’t force a merger, they hold seats on the committee of unsecured creditors in the AMR Corp. bankruptcy case.
Commercial Metals Co., which resisted a takeover bid from billionaire Carl Icahn last year, posted a profit on Wednesday for its fiscal second quarter after shipping more steel and recycled metal products.