c.2013 New York Times News Service

c.2013 New York Times News Service

MERGER OF AMERICAN AND US AIRWAYS IS WAVED AHEAD BY JUDGE’S RULING

With American Airlines’ exit from bankruptcy Wednesday, the grunt work of merging the airline with US Airways can begin and it will most likely be a long-haul affair, analysts said. It has been a bumpy two years at American Airlines, which filed for bankruptcy protection in November 2011. But a far different airline is coming out of the process now, and it will face a difficult transition as the two companies tie the knot, analysts said. A federal court cleared the way for American’s exit from bankruptcy Wednesday, giving the go-ahead for the formation of the world’s largest airline.

THREE-HOSPITAL STUDY LINKS HEART DEVICE TO BLOOD CLOTS

On Wednesday, The New England Journal of Medicine posted a study on its website from three major hospitals detailing findings about a number of patients developing potentially fatal blood clots soon after getting a HeartMate II implant. The HeartMate II belongs to a category of products known as a left ventricular assist device, and it contains a pump that continuously pushes blood through the heart. The abrupt increase in pump-related blood clots is likely to raise questions about whether its manufacturer, Thoratec Corp., modified the device, either intentionally or accidentally.

ANALYST SAYS SENIOR TRADER SOUGHT ‘EDGY’ INFORMATION

Jon Horvath needed to step up his game at SAC Capital Advisors. Horvath, who gathered information about technology companies in which SAC invested said he had lost “a lot of money” from a bet on a data storage company, an episode that prompted a stern warning from his boss, Michael S. Steinberg. Horvath’s attempts to rectify the mistake are now at the center of Steinberg’s insider trading trial. Horvath, the U.S. government’s star witness in the case who is hoping for leniency in exchange for testifying, claimed Wednesday that Steinberg had wanted him to cross a legal line.

HANDS-ON ACTIVITIES TO BUILD CUSTOMER LOYALTY

Small businesses are always looking for ways to get customers in their stores and websites, but especially since the recession, many have started offering classes or holding events to lure in the curious and convert them to customers. Steve Butcher, chief executive of Brown Paper Tickets, a Seattle company that provides online event registration and ticketing, said that since 2009 the company’s work with small businesses had grown 350 percent. “When the economy tanked, small businesses began to get much more creative.” Now, as many as 30 percent of Brown Paper’s 15,000 monthly events are sponsored by small businesses.

LIGHTING UP THE LAWN WITH 16 MILLION COLORS

It starts with an innocent string of incandescent holiday lights. Then it escalates: Twinkling lights are in the shrubs, Santa’s on the roof. Nice work, holiday decorator. But do you have lights that can be controlled by tracing your finger over the face of a smartphone? New holiday lighting systems and smartphone apps can make that inflatable Frosty look downright austere. The secret of the 16 million colors is single light bulbs that hold three LEDs — red, blue and green. Those three can be dialed up and down in various combinations by an app, creating an unimaginable number of possibilities.