ROSES ARE BLOOMING

Kerkorian is bidding $8.50 for a 5% share of Ford. Mars is bidding to buy all of Wrigley. Verizon's net income is up 9.8%. It is spring time and the roses are blooming early.

The initial response to the CAL decision has been mostly negative. There is talk that AMR and US Airways will be the "winners". To some extent, this is true but if AMR, CAL and BA are successful in getting antitrust approval for transatlantic flights, they will be the winners.