Delta Air Lines Inc. (DAL) fought hard during bankruptcy to avoid being taken over by another carrier. Less than four months after exiting Chapter 11, it reignited speculation Tuesday about a future merger by naming former Northwest Airlines Corp. (NWA) CEO Richard Anderson as its next chief executive. Anderson, a board member at Atlanta-based Delta, will replace Gerald Grinstein on Sept. 1.
The Treasury secretary attempted to soothe jittery investors Tuesday, insisting the United States will safely get through a spreading credit crisis. He urged patience, saying there isn’t a “quick solution” to the matter. Paulson commented as the Federal Reserve, trying to further stabilize the reeling markets, pumped another $3.75 billion into the financial system.