Sunday, February 10, 2013

A great Superbowl ad



And the antithesis of it



American and US Airways May Announce a Merger This Week

After months of negotiations, American Airlines and US Airways appeared likely to announce a merger this week, which would create the nation’s biggest airline and concentrate even further a once-fragmented industry. http://www.nytimes.com/2013/02/11/business/american-and-us-airways-are-expected-to-announce-merger-this-week.html


Fed Joining in Alarm Over Distortion It Enabled: Credit Markets

A Federal Reserve governor is joining those warning that junk-debt investors are poised for losses, while his institution’s policies spur them to keep buying the debt.
Yields on a record 38 percent of the $1.1 trillion of notes sold by the neediest U.S. borrowers were trading below the 10- year average rate for investment-grade debentures last month, Barclays Plc data show. Investors poured a record $1.3 billion into U.S. leveraged loan funds last week as covenants on the debt weaken the most ever.