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Market Round-up (MESA, DAL, CRH, TTM, COF)
Tuesday, January 5, 2010 - 1:49pm | 329Mesa Air Group (NASDAQ: MESA) has filed for bankruptcy protection under Chapter 11 in an effort to eliminate excess aircrafts and achieve a solution for its ongoing lawsuit with Delta (NYSE: DAL) at the earliest. With excess aircrafts lying with MESA and the associated lease obligations on...
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Commercial Aerospace And Airlines Industry Update (DAL, UAUA)
Tuesday, January 5, 2010 - 1:13pm | 253Analysts at Bank of America Merrill Lynch have released their monthly report on the Commercial Aerospace and Airlines industry for November 2009. According to the report passenger demand improved 2.1% year-over-year in November while international cargo demand increased 9.5% year-over-year....
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Delta Airlines Flies Higher
Tuesday, January 5, 2010 - 10:57am | 146Delta Airlines (NYSE: DAL) is soaring higher today, along with many other airlines, and is currently higher by over 6%. This comes after a fare hike Monday morning that airlines were forced to pass through because of tighter Federal Regulation. Options in Delta Airlines are on fire today. First...
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Commodity And Oil Prices Higher In 2010, Shares Move Up (FCX, AKS, GLD, GDX, CAL, AMR, DAL)
Monday, January 4, 2010 - 1:57pm | 303According to the International Monetary Fund (IMF) forecast, commodity prices are set to rise higher this year, with faster expansion in the global economy. The IMF stated that the industrialization of emerging countries supports consumption, as a result of which commodity prices might remain high...
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Japan Airlines May Choose Delta Over American (JALSY, DAL, AMR)
Monday, January 4, 2010 - 12:17pm | 113Japan Airlines Corp (ADR) (OTC: JALSY) denied local news reports that it has decided to partner with Delta Airlines (NYSE: DAL) and not with American Airlines(NYSE: AMR). Both American carriers have been wooing Japan Airlines for a tie-up. According to the Wall Street Journal, Japan Airlines and...
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Top 5 Small-Cap Stocks In The Services Sector With The Highest Cash (MGI, LCC, CBD, ALK, JBLU)
Monday, January 4, 2010 - 8:41am | 184Below are the top 5 small-cap services stocks on the NASDAQ and the NYSE in terms of cash. The total cash at Moneygram International Inc (NYSE: MGI) is $3.90 billion. MGI’s market capitalization is $237.6 million. MGI provides payment services across the world. The total cash at US Airways Group...
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Airline Stocks Decline As Oil Hits $80 (AMR, CAL, JBLU)
Thursday, December 31, 2009 - 12:45pm | 115Crude oil futures were up 0.7% to $79.82 a barrel, after touching $80 earlier in the session. Higher oil prices put the pressure on airline stocks as the industry's benchmark index was poised to close out the year with solid gains. The index is up nearly 50% for the year. The NYSE Arca Airline...
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Stock Market News for December 29, 2009 - Market News
Tuesday, December 29, 2009 - 9:49am | 562Better holiday sales and rising commodity prices pushed stocks to their sixth straight gain and new highs for 2009. The market is back to levels not seen since the fall of 2008, around the time of the collapse of Lehman Brothers. Major indexes edged higher in light trading on Monday after sales...
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Airtran (AAI) And JetBlue (JBLU) Among Favored Airlines Stocks
Monday, December 28, 2009 - 10:47pm | 125The U.S. airplane bomb scare is expected to have a negative impact on the airline stocks. However, while talking with CNBC, Vince Farrell of Soleil Securities stated that such impact would not be too pronounced. He favored bigger firms with ample liquidity. Roger King of CreditSights also...
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Market Round-Up (FRE, UAUA, CAL, NWS, TWX)
Monday, December 28, 2009 - 3:05pm | 293Time to lock in mortgage rates: Government-sponsored mortgage lender Freddie Mac (NYSE: FRE) says it’s time to lock in mortgage rates. The 30-year fixed rates are likely to exceed 6% by the end of 2010 after the Fed stops buying mortgage-backed securities. In the absence of the Fed, private buyers...
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While US Stocks Soar, Airline Stocks Suffering (AMR, CAL, UAUA, DAL)
Monday, December 28, 2009 - 2:41pm | 106With flights coming under the security scanner, following an attempt by a Nigerian man on a Northwest flight to blow up the airline, and further security scare on Sunday, stocks of airline companies dipped lower on Monday. While AMR Corp (NYSE: AMR), which owns American Airlines, dipped 3.07% to $7...
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More Hassles For Airline Passengers (DAL, LCC, CAL)
Monday, December 28, 2009 - 1:42pm | 121Airline passengers are facing tighter security after a Nigerian man tried to blow up a Northwest Airlines plane as it approached Detroit on a flight bound from Amsterdam last week. The U.S. airline industry, which lost $23.6 billion in 2008, has slashed capacity and increased fares to cope with...
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Barron’s Reports That Delta Executives Sell Share Worth $2.9 Million (DAL, CAL, AMR)
Monday, December 28, 2009 - 11:52am | 104Barron’s noted that several executives at Delta Air Lines (NYSE: DAL) recently sold a combined $2.9 million in shares. Delta shares have surged 118% since March compared to 130% for Continental Airlines, Inc. (NYSE: CAL) and 106% for AMR Corporation (NYSE: AMR), parent of American Airlines. Alex...
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Benzinga’s Top Pre- Market Losers (PALM, AIXG, UAUA, GLNG, NVDA, BCRX)
Monday, December 28, 2009 - 9:37am | 282Palm, Inc. (NASDAQ: PALM) has decreased $0.04 or 0.37% to $10.90 in the pre-market session. In the last trading session, PALM closed at $10.94. The 52-week trading range for palm is $2.93 - $18.09. So far in the current year, palm gained over 255%. Aixtron AG (ADR) (NASDAQ: AIXG) has plunged 4.43%...
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ALGT to Witness Continued Growth
Wednesday, December 23, 2009 - 2:52pm | 127Analysts at Jesup & Lamont downgrade Allegiant Travel Company (NASDAQ: ALGT) from “buy” to “hold.” According to Jesup & Lamont, the downgrade in rating is to reflect the recent rally in Allegiant Travel’s share price. The analysts expect ALGT’s 2010 EPS to be significantly ahead of the...