The merger of American Airlines and US Airways is expected to form an air travel giant larger than the current industry leader, United Continental Holdings (UAL, Fortune 500).
The U.S. economy is poised to add the most jobs since well before the start of the Great Recession. The strong November jobs report was a good sign for the economy.
Stocks on Wall Street closed higher on Friday after a stronger-than-expected payrolls report gave traders confidence that the economy could be healthy enough to withstand a scaling back of the Federal Reserve's stimulus.
The Federal Housing Administration has announced plans to reduce its stake in the market, an indication it sees some signs of strength in real estate.
The jobless rate fell to a five-year low of 7 percent last month as payrolls swelled by 203,000 after a revised 200,000 increase in October, the Labor Department said today.