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Mergers

CALIFORNIA | LOCAL
October 15, 2013 | By Michael Finnegan
Los Angeles Mayor Eric Garcetti said Tuesday that he plans to halt the merger of two major agencies that the city was looking to consolidate in an effort to streamline approval of real estate projects. At a meeting with The Times editorial board, Garcetti said the city Planning Department's expected merger with the Building and Safety Department would not go forward in January. “I think that's just rearranging the bureaucracy and not the systems,” Garcetti said. Garcetti's effort to block the merger would kill a major initiative of his predecessor, Antonio Villaraigosa.
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BUSINESS
October 1, 2013 | By Hugo Martin
Cross Texas off the list of states that oppose the merger of American Airlines and US Airways. Texas was one of seven states that had joined the U.S. Department of Justice and the District of Columbia in filing a suit to block the airlines from forming the world's largest carrier. The lawsuit, which is scheduled for trial starting Nov. 25, says the merger will reduce competition, cut service to smaller cities and lead to higher fares. But Texas Atty. Gen. Greg Abbott announced he is pulling out of the lawsuit after American Airlines agreed to maintain scheduled daily service to more than 20 Texas airports.
BUSINESS
September 23, 2013 | By Hugo Martin
Facing a lawsuit by the U.S. Department of Justice, the parent companies of American Airlines and US Airways have agreed to extend their merger plans for an extra month. The expiration date to merge the airlines to create the nation's largest airline has been moved from Dec. 17 to Jan. 18, AMR Corp. and US Airways Group announced in a joint statement. A trial to hear the Justice Department's challenge to the merger is scheduled to begin Nov. 25 at a district court in Washington.
BUSINESS
September 17, 2013 | By Hugo Martin
Every employee union involved in the proposed merger of American Airlines and US Airways has endorsed the marriage that would create the nation's largest carrier. Well, almost every labor group. The flight attendants for American Eagle, the regional carrier owned by AMR Corp., the parent company of American, are the first employee group speaking out against the merger. The 1,800 flight attendants for the small carrier say they fear their jobs are at risk because of a series of outsourcing plans announced since November.
BUSINESS
September 15, 2013 | By Hugo Martín
A federal lawsuit to stop the proposed merger of American Airlines and US Airways could be good for penny-pinching fliers. The legal challenge filed in August by the U.S. Department of Justice says that the deal to create the world's largest carrier would cut competition and lead to higher fares. Until the lawsuit is settled or won by either side, don't expect the two airlines to raise fares and give federal authorities more reason to fight the merger, said Rick Seaney, chief executive of the fare monitoring site Farecompare.com.
BUSINESS
September 12, 2013 | By Hugo Martin
A bankruptcy judge in New York has endorsed a plan to merge American Airlines and US Airways, pending the outcome of a legal challenge by the U.S. Department of Justice. Judge Sean Lane approved the merger plan Thursday at a hearing in U.S. bankruptcy court. AMR Corp., the parent company of American Airlines, filed for bankruptcy in November 2011. But the merger that would create the nation's largest carrier must still overcome a lawsuit filed last month by the Justice Department, which claims the merger would cut competition and lead to higher fares.
BUSINESS
August 30, 2013 | By Hugo Martin
A U.S. District Court judge set a Nov. 25 date for the start of a trial over the proposed merger that would create the largest airline in the world. AMR Corp., the parent company of American Airlines, was set to merge with US Airways earlier this month when the U.S. Department of Justice filed a lawsuit, saying a merger would hurt competition and lead to higher fares. The Justice Department had requested that a trial for the lawsuit begin March 3, 2014, while lawyers for the airlines requested that the trial begin sooner, on Nov. 12. The decision by District Judge Colleen Kollar-Kotelly is a victory for the airlines, whose lawyers argued that a prolonged delay to the merger could hurt the financial future of the carriers.
BUSINESS
August 27, 2013 | By Hugo Martin
The merger to create the world's largest airline will have to get the green light from a U.S. District Court. The question now is when will the trial start. The U.S. Department of Justice asked a district court judge Tuesday to set a March 3 trial date to hear its challenge of the mega-merger of American Airlines and US Airways. Quiz: What can't you take onboard a jetliner? The Justice Department has filed suit to stop the merger, saying it would result in fewer services, less  competition and higher airfares.
BUSINESS
August 23, 2013 | By Ricardo Lopez
American Airlines and US Airways want to get the show on the road in their fight with the U.S. Justice Department, which last week sued to block an $11 billion merger of the two airlines.  On Thursday, the airlines' lawyers filed a motion requesting a trial date be set for Nov. 12 -- about three months sooner than the Justice Department's proposed trial date. "We are eager to show that the DOJ's action would deny millions of customers access to a more competitive airline that will offer customers what they want, delivering significant benefits to consumers, communities and employees," said Doug Parker , US Airways chief executive who would become CEO of the proposed, combined company.
BUSINESS
August 21, 2013 | By Andrea Chang
Rivals ShoeDazzle and JustFab, L.A. fashion websites that sell women's shoes, will merge after months of negotiations. The companies said the merger would create the world's largest fashion subscription e-commerce company, with more than $400 million in annual revenue and 33 million members. Financial details and other terms of the deal, announced Wednesday, were not disclosed. JustFab co-CEOs Adam Goldenberg and Don Ressler will keep their titles at the combined company, while ShoeDazzle CEO Brian Lee will become a member of the board of directors.
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