After years of off-and-on conversation, UAL Corp.'s United Airlines (NASDAQ: UAUA) is getting into bed with Continental Airlines Inc. (NYSE: CAL) in a merger deal valued at $3.7 billion. The merged entity, keeping the "United" name, will be the largest airline in the world. It will have close to $30 billion in combined revenue, 700 aircraft, and service to 370 destinations in 59 countries, according to BusinessWeek. Early estimates predict savings to reach $1 billion to $1.2 billion annually.
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By Jason Simpkins Associate Editor China's economy made massive strides in 2007, averaging a quarterly expansion of 11.5%. Critics alleged that stellar growth figures were the product of cheap labor and a severely undervalued currency, which drove a torrent of exports out of the country. But new labor laws and the accelerating value of the […]