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Benzinga's Top Pre-Market NASDAQ Gainers (CLDX, GYMB, RYAAY, SWIR)
Tuesday, October 5, 2010 - 8:53am | 131Celldex Therapeutics Inc (NASDAQ: CLDX) rose 17.09% to $4.59 in the pre-market session. CLDX's vaccine for brain cancer glioblastoma treatment has shown favorable results. Gymboree Corp (NASDAQ: GYMB) added 5.51% to $50.90 in the pre-market session. GYMB has hired Goldman Sachs to begin an auction...
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U.S. Airlines See No Impact From Attack Alert
Tuesday, October 5, 2010 - 8:08am | 149U.S. airlines on Monday said their flights and schedules were unaffected after the U.S. State Department issued an alert a day earlier to warn American tourists of the potential for attacks by al-Qaeda and other groups in Europe. "Our flights in and out of Europe are continuing as scheduled, and at...
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Calls Active as JetBlue Falls (JBLU)
Monday, October 4, 2010 - 2:34pm | 208Shares of JetBlue Airways Corporation (NASDAQ: JBLU) are lower on the session by 4.22%, currently trading at $6.36. The stock has been moving largely higher over the past few weeks, though is once again encountering resistance at the $6.50 level. Options traders are buying calls in the name today...
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DAL Falls On Downgrade In Rating
Monday, October 4, 2010 - 12:01pm | 100Shares of Delta Air Lines (NYSE: DAL) moved down after the Raymond James downgraded the company from “outperform” to “market perform.” DAL shares lost 3.50% to $11.59 at 11:52 am. Analyst Duane Pfennigwerth said, "While we like Delta's capital discipline and commitment to debt reduction, the entry...
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Afternoon Market Update
Monday, October 4, 2010 - 11:05am | 147According to the Commerce Department, the US factory orders declined 0.5% in August. The National Association of Realtors reported a rise of 4.3% in the August pending home sales in the US. Analysts at Raymond James downgraded Delta Air Lines (NYSE: DAL) from “outperform” to “market perform.”...
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Merger Arbitrage Mondays – October 04, 2010
Monday, October 4, 2010 - 2:10am | 4782Merger activity slid a little with “just” six new deals announced and eleven deals closing as it was the end of the third quarter. Deal Statistics: Total Number of Deals Closed in 2010 81 Total Number of Deals That Did Not Complete in 2010 5 Total Number of Pending Deals Cash Deals 50...
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American Airlines Seeks Authority to Operate Daily Nonstop Flights From Los Angeles to Shanghai
Friday, October 1, 2010 - 1:43pm | 43American Airlines (NYSE: AMR) today filed an application with the United States Department of Transportation seeking authority to launch nonstop service from Los Angeles International Airport to Pudong International Airport in Shanghai, China, beginning April 5, 2011.
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Deutsche Bank Initiates Coverage Of United Continental
Friday, October 1, 2010 - 9:50am | 110Deutsche Bank initiates coverage of United Continental (NYSE: UAUA) with a Buy rating and target price of $33. The completed merger closes today. Given the persistent inability of carriers to achieve returns on capital that exceed its costs, Deutsche Bank thinks consolidation is one logical step...
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Continental Airlines and Its Flight Attendants Reach Tentative Agreement
Thursday, September 30, 2010 - 11:25am | 100Continental Airlines (NYSE: CAL) today announced that it has reached a tentative agreement on a new labor contract with the International Association of Machinists and Aerospace Workers (IAM) representing Continental flight attendants. The IAM is expected to hold a ratification vote in the coming...
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Delta Continues African Expansion
Wednesday, September 29, 2010 - 1:00pm | 70Delta Air Lines (NYSE: DAL) will add an eighth destination to its growing Africa route network in January, with the first-ever scheduled direct service between the United States and Luanda, Angola. Flights will operate three times per week with 243-seat Airbus A330-200 aircraft flying between...
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Afternoon Market Update (THO, JBLU, DAL, PRU, AIG, CBG)
Wednesday, September 29, 2010 - 10:59am | 220Shares of Thor Industries (NYSE: THO) shares surged after the company reported upbeat Q4 earnings. The company reported that its acquisition of Heartland RV, along with a strong cash position without any outstanding debt, "will help fuel additional growth...in 2011 and beyond." THO shares are up...
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AirTran Airways Continues Expansion
Wednesday, September 29, 2010 - 10:02am | 104AirTran Airways, a subsidiary of AirTran Holdings, Inc. (NYSE: AAI), today announced new nonstop service from Tampa to Key West, as well as additional flights to several of its most popular, warm and sunny locations, including Tampa, San Juan, Phoenix and Orlando beginning this winter. These new...
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Airline Industry Outlook - Sept. 2010 - Industry Outlook
Tuesday, September 28, 2010 - 7:48pm | 1625Overall Outlook is Positive The economic downturn and the oil price spike before it had negatively affected the airline industry over the past two years. Now, with the economy on the mend, albeit at a slower-than-expected pace, demand for air travel is increasing from last year's depressed levels....
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Zacks.com featured expert Kevin Matras highlights: Orient-Express Hotels Ltd., Incyte Corp., Dana Holding Corp., Toreador Resources Corp. and UAL Corp. - Press Releases
Tuesday, September 28, 2010 - 7:48pm | 1239Chicago, IL – September 28, 2010 - Stocks in this week's article include Orient-Express Hotels Ltd. (NYSE: OEH), Incyte Corp. (NASDAQ: INCY), Dana Holding Corp. (NYSE: DAN), Toreador Resources Corp. (NASDAQ: TRGL) and UAL Corp. (NASDAQ: UAUA). Kevin Matras screens for companies showing their 'first...
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New PT For Southwest Airlines
Tuesday, September 28, 2010 - 10:19am | 32Hudson Securities has raised the price target for Southwest Airlines (NYSE: LUV) from $15 to $17 and reiterates its Buy rating. Southwest Airlines closed yesterday at $13.35.