Monday, May 20 2013 9:15 PM EDT2013-05-21 01:15:38 GMT
A massive tornado touched down to the southwest of Oklahoma City Monday afternoon. Starting out as a classic funnel it quickly became a giant half-mile wide wedge tornado as it proceeded east north eastMore >>
A massive tornado touched down to the southwest of Oklahoma City Monday afternoon.More >>
Tuesday, May 21 2013 12:50 PM EDT2013-05-21 16:50:22 GMT
MOORE, OK (RNN) – In one of the few positive stories to come from the deadly tornadoes in Oklahoma, an elderly woman was reunited with a four-legged friend she thought was dead. Barbara Garcia, a residentMore >>
Elderly resident Barbara Garcia frantically called for her dog after the tornado had leveled her house, but with no success.More >>
Friday, May 17 2013 7:16 PM EDT2013-05-17 23:16:53 GMT
One person has died in a crash near Harrisonville, MO, Thursday evening. The crash happened on Missouri Highway 7 and Walker Road. It involved a car and a tractor-trailer. Harrisonville is in Cass County.More >>
Savannah Nash celebrated her 16th birthday last week. She died Thursday when her car slammed into a semi while she was texting during her first time driving by herself.More >>
Tuesday, May 21 2013 10:56 AM EDT2013-05-21 14:56:05 GMT
A North Carolina woman is charged with trying to poison five family members after one of them refused to share some cheese with her. A statement from the Nash County Sheriff's Office said 24-year-oldMore >>
A North Carolina woman is charged with trying to poison five family members after one of them refused to share some cheese with her.More >>
FORT WORTH (CBSDFW.COM) – A merger deal between American Airlines and US Airways is set to take off early next week, CBS 11 News has learned.
The board for Fort Worth-based American's parent company, AMR Corp., is scheduled to meet Monday to consider the arrangement.
Mark Drusch, a former executive at Delta and Continental Airlines, says months of confidential discussions point to a deal. "It looks like it's really pretty close."
Just weeks after holding a splashy announcement unveiling American's new logo and paint scheme, sources tell CBS 11 that American's CEO Tom Horton will likely move out of the day-to-day managing of the new combined airline, and instead move to a seat on the new board of directors.
US Airways CEO Douglas Parker will likely run the new airline named American Airlines. It has been said the new airline will remain based in Fort Worth.
Sources have said there were concerns that if Horton stayed on as CEO, there could be operational problems such as delayed and canceled flights like the ones American experienced last fall.
"You're looking at what's best for the combined company, and right now it looks like the US Airways management taking charge is what unions and creditors want," says Drusch.
Airline analysts claim US Airways and its shareholders may get about 30 percent of the new airline, with AMR creditors getting about 70 percent.
Drusch says US Airways' strong 4th quarter profits can't be ignored in this deal. "At the end of the day, the US Airways shareholders are going to get more now than they would have one year ago, six months ago, three months ago."