United, Continental CEOs Defend Merger Before House

Law360, New York (June 16, 2010, 6:49 PM EDT) -- Lawmakers grilled the CEOs of Continental Airlines Inc. and UAL Corp.'s United Air Lines Inc. on Wednesday about their proposed $3 billion merger, expressing concern about the tie-up's potential to curb competition in the airline industry and its effect on employees.

United CEO Glenn Tilton and Continental CEO Jeffery Smisek argued at a House Judiciary Committee hearing that the combination would create an entity that could successfully compete with global airline rivals and allow the two companies to move past the legacy of a particularly grim...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.