Latest Business News: U.S. Approves Delta Airlines' Purchase of Virgin Atlantic Stake

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Latest Business News: U.S. Approves Delta Airlines' Purchase of Virgin Atlantic Stake

Latest Business News: U.S. Approves Delta Airlines' Purchase of Virgin Atlantic Stake
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Latest Business News: U.S. Approves Delta Airlines' Purchase of Virgin Atlantic Stake

by Wochit 0:50 mins

The U.S. Justice Department said that Delta Air Lines Inc has received U.S. antitrust approval to buy a 49 percent stake in British airline Virgin Atlantic. The European Commission, which is Europe's competition watchdog, also cleared the proposed transaction U.S. mortgage rates declined this week, with the average on the 30-year fixed loan remaining just under 4 percent. But rates likely will surge next week now that Chairman Ben Bernanke said the Federal Reserve is likely to reduce its bond purchases later this year. Manufacturing activity growth slowed slightly in June as the pace of hiring and overseas demand weakened, making the second quarter the weakest for the sector in the last four

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