Europe Breaking News: European Watchdog Approves US Airways AMR Merger

Now watching

Next video starts in : 7 Play

Europe Breaking News: European Watchdog Approves US Airways AMR Merger

Europe Breaking News: European Watchdog Approves US Airways AMR Merger
Replay video
Up next

Disney to report, what's wrong with Apple and how 50 Cent lost his cash

Unlock your personal NFL Now stream by signing in to NFL.com

Europe Breaking News: European Watchdog Approves US Airways AMR Merger

by Wochit 1:01 mins

The European Union's Commission has cleared US Airways' proposed merger with American Airlines parent AMR ? on the condition that they give up one slot at London's Heathrow airport and take steps to foster competition on the London-Philadelphia route. Joe Kaeser, the new chief executive of German engineering group Siemens, told a newspaper he played no role in the ousting of his predecessor Peter Loescher. Loescher was dumped in a boardroom battle after the company issued its second profit warning of the year. "I worked very well with Mr. Loescher and was not involved in his replacement," German daily Nuernberger Nachrichten quoted Kaeser as saying in an excerpt of an interview. The number of unemployed workers in the euro zone dropped in June, but by only 24,000 jobs, or 0.1 percent of the 19.3 million people out of work in May.

View Comments (0)