Delta CEO tells US senator no merger deal yet
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The chief executive of Delta Air  Lines told a U.S. senator on Tuesday there is no merger  agreement yet with Northwest Airlines, but the two sides are  continuing to work toward a deal.
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Delta Air Lines is to issue millions of new shares without shareholder consent as part of moves to ensure its survival.
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Negotiators for the Air Line Pilots Association and Delta Air Lines held unusual weekend talks, a sign of the deadline pressure both sides are feeling to agree on $1 billion in wage and benefit cuts before the third largest airline is forced into Chapter
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Delta Air Lines Inc. Chief Executive Gerald Grinstein yesterday said that even if the carrier's pilots approve a $1 billion cost-cutting agreement, the airline may still have to seek Chapter 11 bankruptcy protection.
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US Airways Group Inc. withdrew a $9.8 billion bid for bankrupt Delta Airlines on Wednesday, taking pressure off rival carriers to consolidate.
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Delta Air Lines is to issue up to 75 million shares without shareholder approval in a high-stakes plan to ensure its financial survival.
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Delta Air Lines Inc. formally rejected a bid by smaller rival US Airways Group Inc. and filed its own long-awaited plan to emerge from bankruptcy on Tuesday, valuing the carrier at up to $12 billion.
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The chief executive of Deutsche Bank ruled out any merger with a very large partner in an interview published Sunday and said Germany s biggest bank has no intention of being taken over.
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No merger proposal has been submitted to the boards of French defense company Thales SA and European aerospace consortium EADS despite reports that the French government is interested in a linkup, German Economics Minister Wolfgang Clement said Tuesday.
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The chief executive of Deutsche Bank ruled out any merger with "a very large partner" in an interview published Sunday and said Germany's biggest bank has no intention of being taken over.
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On Wednesday, Delta pilots agreed on cost saving plan of the company as Delta Air Lines is trying to avoid possible filing for Chapter 11 bankruptcy.
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Delta Air Lines Inc. , struggling to avoid a bankruptcy filing, may reach an agreement this week with pilots to prevent retirements that would disrupt flights, chief executive Gerald Grinstein said.
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Delta Air Lines Inc. Chief Executive Gerald Grinstein yesterday said that even if the carrier&#39;s pilots approve a $1 billion cost-cutting agreement, the airline may still have to seek Chapter 11 bankruptcy protection.
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US Airways Group  on Wednesday said it withdrew its takeover offer for Delta Air Lines  after Delta's official creditor committee informed US Airways that it would not support the bid.
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Delta Air Lines Inc  has started merger talks with UAL Corp.'s  United Airlines and Northwest Airlines Corp. , and hopes to negotiate an agreement with one of them in the next two weeks, The Wall Street Journal reported on Tuesday.
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Delta Air Lines Inc., working to beat back an $8.4 billion merger bid from US Airways Group Inc., is expected as soon as Tuesday to file a sweeping bankruptcy reorganization plan, The Wall Street Journal said on its Web site, citing people familiar with the matter.
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Merger talks between United Airlines  and Continental Airlines Inc  have picked up pace, but a deal still hinges on the outcome of discussions between Delta Air Lines  and Northwest Airlines Corp , people briefed on the situation said on Friday.