Newspaper wrap-up: Lufthansa could take stake in Continental, United combination

Posted Feb 20th 2008 8:00AM by Laurie Pasternack
Filed under: Newspapers, Magazines, UAL Corp (UAUA), KKR Financial (KFN), Delta Air Lines (DAL)

MAJOR PAPERS:

The Wall Street Journal reported that KKR Financial Holdings LLC (NYSE: KFN), a unit of Kohlberg Kravis Roberts, revived concerns of a credit crunch after it asked for a restructuring of billions of dollars in short-term debt.

OTHER PAPERS:

According to sources, the Chicago Tribune reported that Deutsche Lufthansa AG (OTC: DLAKY) could look to take an equity stake in a merger between Continental Airlines Inc (NYSE: CAL) and UAL Corporation's (NASDAQ: UAUA) United Airlines.
The Associated Press reported that the pilots' unions of Delta Air Lines Inc (NYSE: DAL) and Northwest Airlines Corporation (NYSE: NWA) are unable to agree on how seniority for the companies' pilots would work under a combined carrier. The impasse puts the deal in "serious jeopardy," inside sources reported.

WEB SITES:

Electronics retailer Sharper Image Corporation (NASDAQ: SHRP) has filed for bankruptcy, citing declining sales and profitability, Bloomberg reported.

Tags: CAL, Continental Airlines, ContinentalAirlines, DAL, Delta Air Lines, DeltaAirLines, DLAKY, KFN, KKR, KKR Financial, KkrFinancial, Lufthansa, Northwest Airlines, NorthwestAirlines, NWA, Sharper Image, SharperImage, SHRP, UAL Corp, UalCorp, UAUA, United Airlines, UnitedAirlines

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Newspaper wrap-up: Lufthansa could take stake in Continental, United combination

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