Late Market Roundup (UAUA, CAL, RAE)

After the merger of UAL Corp UAUA with Continental Airlines CAL, the combined company will be listed under the ticker symbol "UAL" on the New York Stock Exchange (NYSE). The merged company will be named United Continental Holdings Inc. The changed ticker is subject to approval by the board of UAL and the NYSE. The merger deal is likely to end by October 1. According to the Bureau of Transportation Statistic (BTS), the US airlines reported a 9% rise in its Q2 profit margin, up from 1.2%, in the year-ago period. The profit margin has reached its highest record level, as a result of the rise in passenger revenue and increase in ancillary fees. Overall, the operating profit came in at $3.09 billion. Baggage fees in the second quarter grew 33.4% y/y to $893 million. Passenger yield rose to $0.13 per revenue mile, from $0.11 in the year-ago period. BTS started to collect the data in 2002. Silver futures moved down to leave its 30-year high zone. Silver for December delivery went down 0.1% to $20.80 an ounce on the Comex division of the New York Mercantile Exchange (NYMEX). Silver on Friday reached 30-year high level and was higher for most of the day today. RAE Systems Inc RAE climbed about 50% after the company agreed to be purchased by an affiliate of Battery Ventures for about $95.3 million, or $1.60 per share, representing a 53.8% premium over RAE Systems' closing share price on September 17. Read more from Benzinga's Markets.