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American and US Airways inch toward merger, Apple tests an iWatch, and more in our roundup of the business stories that are making news and driving opinion

Combined, American Airlines and US Airways would be the nation's largest airline.
(Image credit: Joe Raedle/Getty Images)

1. AMERICAN AND US AIRWAYS NEAR MERGER DEAL

American Airlines and US Airways are reportedly likely to announce a merger this week after months of negotiations. The $11 billion deal would create the nation's largest airline, vaulting the combined company ahead of Delta and United, which have grown through their own mergers. If American and US Airways do tie the knot, they'll cap a decade of consolidation, leaving the once-fragmented industry with just three main carriers, a few low-cost national competitors, such as Southwest and Jet Blue, and a smattering of regional airlines. [New York Times]

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Harold Maass, The Week US

Harold Maass is a contributing editor at The Week. He has been writing for The Week since the 2001 debut of the U.S. print edition and served as editor of TheWeek.com when it launched in 2008. Harold started his career as a newspaper reporter in South Florida and Haiti. He has previously worked for a variety of news outlets, including The Miami Herald, ABC News and Fox News, and for several years wrote a daily roundup of financial news for The Week and Yahoo Finance.