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Delta in talks for Virgin stake; Citigroup cuts 11,000 jobs; The push for same-day delivery; News Corp. details breakup; Tax breaks with uncertain results

Airlines: Delta in talks for Virgin stake

Delta Air Lines is seeking to buy a 49 percent stake in Virgin Atlantic from Singapore Airlines, said Joshua Freed in the Associated Press. If successful, Delta would gain a coveted foothold at London’s Heathrow Airport, where Virgin is the second-largest airline, and be better positioned to compete with its main U.S. rivals, United and American. The biggest single destination from Heathrow is New York’s Kennedy Airport, where Delta is spending $1.2 billion to improve its facilities. “You can’t be the airline of New York if you don’t have a big presence at Heathrow,” said Ray Neidl, an airline analyst with the Maxim Group.

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