Kolkata, West Bengal -- (SBWIRE) -- 09/18/2013 -- Specialpennystockalert.com, an investment community with a special focus on updating investors with recent news on the U.S. stock market, issues news alert on Federal Home Loan Mortgage Corp(OTCBB:FMCC), Federal National Mortgage Association(OTCBB:FNMA), AMR Corporation(OTCMKTS:AAMRQ).
Banking analysts David Hanson and Matt Koppenheffer have given "grades" to Bank of America's purchase of Merrill Lynch as well as government actions involving Federal National Mortgage Association(OTCBB:FNMA) and Federal Home Loan Mortgage Corp(OTCBB:FMCC).
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The federal judge approved the plan allowing US Airways to merge with American Airlines parent AMR Corporation(OTCMKTS:AAMRQ) post which the firm can exit the bankruptcy plan.
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This was filed for chapter 11 in November 2011. But, the plan would not come into effect until the airline gets the approval of the government for the merger, which is yet to be there.
Seven states as well as the U.S. Justice Department have dragged the airline to court for blocking the deal on grounds that it hurts competition and leads to escalation of prices. The trial pertaining to anti-merger lawsuit would begin on November 25 and if AMR secures a victory in the settlement with justice department, the merger would happen leading to US Airways brand going away.
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