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Top 5 Percentage Gainers On NYSE (PAR, TAM, UTI, BPI, CML)
Monday, August 16, 2010 - 3:38pm | 183These stocks are the top 5 performing stocks on the NYSE today in terms of percentage gains. (100,000 shares or more traded) Shares of 3PAR Inc Common Stock (NYSE: PAR) are at $17.97, skyrocketing $8.32 or 86.22% after the data storage company agreed to be acquired by Dell (NASDAQ: DELL). Shares of...
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LAN & TAM Agree to Merge - Analyst Blog
Monday, August 16, 2010 - 3:37pm | 431Latin American airline operators, LAN Airlines S.A. (LFL) and TAM S.A. (TAM) have signed a MoU to merge operations and form a new company called LATAM Airlines Group S.A. (LATAM). LAN will become the parent company with a 73% stake in TAM and the shareholders of TAM will receive 0.9 shares of...
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Late Market Roundup (DIS, GE, NWS, TAM, LFL)
Monday, August 16, 2010 - 2:25pm | 339Gold futures advanced to their six-week high today, as disappointing economic data encouraged traders to opt for safe-haven buying. Adam Klopfenstein, a senior market analyst with Lind-Waldock in Chicago mentioned, "Safe-haven appeal of gold is still on focus." He added, "People really don't have a...
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Airline Stocks Fly High! (TAM, UAUA, ALK, AMR)
Monday, August 16, 2010 - 12:35pm | 228The airline sector received a major boost today with the NYSE Arca Airline Index (NYSE: ARCA: XAL) adding more than 3.58% to reach 41.05, within touching distance of its 52-week high. Shares of AMR Corporation (NYSE: AMR), UAL Corporation (NYSE: UAUA), Continental Airlines (NYSE: CAL), and Alaska...
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Top 4 Mid-Cap Stocks In The Regional Airlines Industry With The Highest ROE (GOL, LFL, CPA, LUV)
Monday, August 16, 2010 - 4:50am | 155Below are the top mid-cap regional airline stocks on the NYSE and the NASDAQ in terms of return on equity. The trailing-twelve-month return on equity at Gol Linhas Aereas Inteligentes SA (NYSE: GOL) is 39.89%. Analysts at Argus upgraded GOL from “sell” to “buy.” The trailing-twelve-month return...
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Top 4 Mid-Cap Stocks In The Major Airlines Industry With The Highest Gross Margin (TAM, CAL, DAL, AMR)
Monday, August 16, 2010 - 4:47am | 148Below are the top mid-cap major airline stocks on the NYSE and the NASDAQ in terms of gross margin. The trailing-twelve-month gross margin at TAM SA (NYSE: TAM) is 33.16%. TAM’s ROE for the same period is 154.42%. The trailing-twelve-month gross margin at Continental Airlines Inc (NYSE: CAL) is 23....
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Lan To Acquire Tam For $3.7B
Saturday, August 14, 2010 - 4:04am | 169Chile's Lan Airlines (NYSE: LFL), South America's largest carrier, will acquire Brazil's Tam SA (NYSE: TAM) for $3.7 billion in a deal that will allow Lan to boost its footprint in Brazil, Latin America's largest economy. Lan shareholders will own 70% of the combined company and Tam investors will...
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Lan To Acquire Tam For $3.7B
Saturday, August 14, 2010 - 4:03am | 169Chile's Lan Airlines (NYSE: LFL), South America's largest carrier, will acquire Brazil's Tam SA (NYSE: TAM) for $3.7 billion in a deal that will allow Lan to boost its footprint in Brazil, Latin America's largest economy. Lan shareholders will own 70% of the combined company and Tam investors will...
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No Exit - Stage Left or Right
Friday, August 13, 2010 - 4:18pm | 852By Peter Schiff No Exit - Stage Left or Right This week, national attention was fixated on JetBlue (Nasdaq: JBLU) flight attendant Steven Slater, whose bold, creative, and controversial exit strategy could revitalize his future prospects. Not nearly as noticed was the Federal Reserve's decision on...
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TAM Records Loss - Analyst Blog
Friday, August 13, 2010 - 1:07pm | 573Latin American airline operator, TAM S.A. (TAM) reported a net loss of R$154.1 million (US$85.6 million) during the second quarter of fiscal 2010, compared with an income of R$555.1 million (US$265.6 million) in the year-ago quarter. This was driven by the decrease in foreign exchange gain based...
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What's Hot on TheStreet
Friday, August 13, 2010 - 11:00am | 303Here's what Benzinga's reading on our friend, TheStreet.com. What's Hot On TheStreet Good Times for College-Town Landlords While the economic recession is bad news for the real estate industry, it's a boon for prospective college-town landlords. Housing prices have fallen by half in some areas,...
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Welcome to 2010: Delta to Offer Flight Bookings on Facebook (DAL)
Friday, August 13, 2010 - 9:50am | 139Delta (NYSE: DAL) announced Friday that it's going to allow booking of flights on Facebook, and it has launched a "Ticket Window" to allow users to do just that. Delta shares are down 2% in early trade, to $11.25. According to a report on Engadget.com, "This is apparently just the first of many...
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Citi Maintains Buy Rating on Copa Airlines, Despite Soft Quarter (CPA)
Thursday, August 12, 2010 - 3:36pm | 117After reporting earnings that were below estimates, Citi maintained its Buy rating on Copa Airlines (NYSE: CPA) today. Copa reported second quarter earnings of $0.60, versus Citi estimates of $0.67. Revenues came in slightly higher that Citi has estimated. Copa Holdings, S.A. is a Latin American...
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Dahlman Rose Reiterates Buy Rating on Delta Air Lines (DAL)
Thursday, August 12, 2010 - 9:24am | 183Dahlman Rose is out with a research report this morning, where it reiterates its Buy rating on Delta Air Lines (NYSE: DAL); it has a $16.00 price target on the stock. The Dahlman analysts cited the company’s investor meeting held yesterday, where efficiency was the focal point. The company said...
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Copa Holdings In Line With JP Morgan Estimates
Thursday, August 12, 2010 - 8:53am | 81Copa Holdings, S.A. (NYSE: CPA) reported 2Q results in-line with JP Morgan's forecast, reporting profit of $0.60 mirrored to JPM's estimate of $0.60. RASM guidance for Copa Holdings was reduced to $0.127 from $0.131, affected somewhat by lower 2010 fuel costs per gallon being lowered from $2.41...