Investor Carl Icahn said he has acquired a ?large? number of Apple shares, stating that they are undervalued and expressing interest in further share buybacks by the Silicon Valley giant. A person familiar with the position said he made a $1 billion investment.
American Airlines and US Airways expected to cruise toward completing of their huge merger, a deal that was worth $14 billion on paper and would create the world's biggest airline. Instead, they were stunned when the federal government and six states sued to block the deal, saying it would hurt competition and cost consumers hundreds of millions of dollars a year in higher fares and extra fees.