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Business Minute: American Airlines Drops Orbitz & Burger King Merges With Tim Hortons

The nation's largest airline has cut ties with online booking site Orbitz.
AMERICAN AIRLINES GROUP SEVERS TIES WITH ORBITZ
The nation's largest airline has cut ties with online booking site Orbitz. American airlines group says tickets sales on the site would stop immediately. An announcement blames a breakdown in contract talks for the decision to end their partnership. They were at odds over the portion of ticket sales that Orbitz would receive. American says previously purchased tickets will be honored, but that no new tickets will be sold. Earlier this year, American Airlines merged with US Airways to create the American Airlines Group.

BURGER KING, TIM HORTONS ANNOUNCE MERGER
It's official. Burger King and the coffee and donut chain, Tim Hortons, are merging. The new combined company will be based in Canada and will have 18,000 locations worldwide, but the company says Burger King operations will remain headquartered in Miami. Basing the new chain in Canada allows the company to pay lower corporate taxes, a move lawmakers and the white house have called unpatriotic.

AMAZON BUYING TWITCH FOR $1B
Watching other people play video games is so popular, Amazon is willing to pay big bucks for it. Amazon has agreed to acquire Twitch, a service that lets users watch and broadcast video game play. The deal is worth $970 million dollars. The CEO for Twitch says partnering with Amazon will allow the site to create tools and services at a much faster pace. Amazon said the all-cash deal is expected to go through later this year.

STOCKS
Here's a look at Tuesday's closing numbers:

Dow
17,106.70
+29.83

Nasdaq
4,570.64
+13.29

S&P 500
2,000.02
+2.10

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