Airline stocks climb higher after a merger between American Airlines (AAMRQ.PK) and US Airways gets the tentative backing of American's pilots. Though Congress has a lot on its plate, industry watchers see the potential for looser rules on foreign ownership of domestic carriers as a potential boost for M&A activity in the sector during the coming year. Advancers: LCC +2.0%, DAL +2.0%, UAL +1.2%.
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