US Airways trying to merge with Delta
This is big; as a former Pittsburgh resident, I'm a big fan of US Airways. As a kid, I loved Delta (because it brought me to Disney World).
Summary for those too lazy to read the article: Delta is operating in bankruptcy. US Airways is offering 8 billion, not to Delta, but to Delta's creditors. Delta doesn't want to merge.
The combined company would be called Delta. It won't happen until at least January when Congress re-convenes (they have to make sure it's not violating anti-trust).