Newspaper wrap-up: Airline mergers may soon fly

MAJOR PAPERS:

Within two weeks a merger between Delta Air Lines Inc (NYSE: DAL) and Northwest Airlines Corporation (NYSE: NWA) is expected to be announced. Not far behind may be one between UAL Corporation's (NASDAQ: UAUA) United Airlines and Continental Airlines Inc (NYSE: CAL), the Wall Street Journal reported.

WEB SITES:

Bloomberg reported that Berkshire Hathaway Inc (NYSE: BRK.A) Chairman Warren Buffett forecast that the dollar's value is likely to decline if policies remain unchanged and said he believes a credit crunch is not under way.
Tech Crunch reported that either Google Inc (NASDAQ: GOOG) or News Corp's (NYSE: NWS.A) MySpace is likely to announces a social space acquisition in the near-future. According to industry sources, the acquisition could be in the $1B-$1.5B range and may involve Bebo.

Tags: Bebo, Berkshire Hathaway, BerkshireHathaway, BRK.A, CAL, Continental Airlines, ContinentalAirlines, DAL, Delta, Delta Air Lines, DeltaAirLines, GOOG, Google, MySpace, News Corp, NewsCorp, Northwest Airlines, NorthwestAirlines, NWA, NWS.A, UAL Corp, UalCorp, UAUA, United Airlines, UnitedAirlines, Warren Buffett, WarrenBuffett

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