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Chile's Antitrust Court Approves LAN and TAM Merger
Wednesday, September 21, 2011 - 1:04pm | 97LAN Airlines S.A. (NYSE: LFL) and TAM S.A. (NYSE: TAM), today announced that Chile's antitrust court, Tribunal de Defensa de la Libre Competencia, approved the merger between LAN and TAM. This represents one more step in the process which both companies have followed to complete the transaction....
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Merger Arbitrage Mondays – September 19, 2011
Monday, September 12, 2011 - 1:07pm | 5028Merger activity remained steady last week with three new deals announced and four closing. You can find all the active deals listed below in our Merger Arbitrage Tool that automatically updates itself during market hours. Deal Statistics: Total Number of Deals Closed in 2011 152 Total Number...
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LAN Airlines August Traffic +14.1%
Thursday, September 8, 2011 - 9:26am | 72LAN Airlines S.A. and its subsidiaries (NYSE: LFL) today reported its preliminary monthly traffic statistics and punctuality indicators for August 2011. During August, system passenger traffic increased 14.1% as capacity rose 12.7%. As a result, the Company's load factor for the month increased 0...
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Southwest Airlines August RPMs +3.9%
Wednesday, September 7, 2011 - 8:16am | 134Southwest Airlines Co. (NYSE: LUV) today reported August 2011 combined traffic results for Southwest Airlines and AirTran. AirTran became a wholly-owned subsidiary of Southwest Airlines Co. on May 2, 2011. For purposes of comparability, the Company is providing combined traffic results for...
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Benzinga's Top Upgrades
Monday, August 29, 2011 - 9:42am | 136Analysts at ISI Group upgraded O'Reilly Automotive Inc (NASDAQ: ORLY) from “sell” to “hold.” ORLY's shares closed at $63.93 on Friday. O'Reilly Automotive's trailing-twelve-month profit margin is 8.19%. Analysts at BB&T Capital Markets upgraded Barnes Group Inc (NYSE: B) from “hold” to “buy.”...
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Midday Losers; Atmel Down on Heavy Volume
Thursday, August 25, 2011 - 12:43pm | 97Atmel Corporation (NASDAQ: ATML) -7.05% on heavy volume. Genon Energy NYSE: GEN) -8.25% after the announcement that the company's president and COO steps down. Hormel Foods(NYSE: HRL) -6.26% on downbeat earnings. Delta Air Lines (NYSE: DAL) -6.07% on average volume. JetBlue Airways (NASDAQ:...
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UPDATE: Boeing, Delta Air Lines Announce Order for 100 Next-Generation 737-900ERs Valued at $8.5B
Thursday, August 25, 2011 - 8:17am | 60Boeing (NYSE: BA) and Delta Air Lines (NYSE: DAL) today announced an order for 100 Next-Generation 737-900ER (extended range) airplanes. The order, with a list-price value of more than $8.5 billion, is part of Delta's fleet renewal effort to replace its less efficient domestic airplanes.
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Delta Announces Order for 100 Boeing 737-900ER Aircraft
Thursday, August 25, 2011 - 8:01am | 100Delta Air Lines (NYSE: DAL) today announced plans to purchase 100 Boeing 737-900ER aircraft for delivery between 2013 and 2018 as it retires older mainline jets and upgrades its fleet. The order will enable Delta to add 100 fuel-efficient, state-of-the-art 180-seat aircraft to its fleet, replacing...
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Top Performing Industries For August 24
Wednesday, August 24, 2011 - 9:59am | 197At 9:55 am, the Dow rose 0.55% to 11,238.56, the broader Standard & Poor's 500 index moved up 0.60% to 1,169.27 and the NASDAQ composite index gained 0.44% to 2,456.90. The industries that are driving the market today are: Regional - Mid-Atlantic Banks: This industry jumped 3.36% by 9:55 am....
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Financial Breakfast: Morning News Summary for August 23, 2011
Tuesday, August 23, 2011 - 7:47am | 690This is your Benzinga news summary and traders' outlook for Tuesday, August 23, 2011, covering headlines from overnight and Tuesday's pre-market session. Today in domestic pre-market trading, U.S equity futures are trading higher. At last check, Dow futures are up about 100 points and the U.S....
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Benzinga's Top Upgrades
Tuesday, August 23, 2011 - 7:31am | 137Analysts at Jefferies & Company upgraded Aetna Inc (NYSE: AET) from “hold” to “buy.” Aetna's shares closed at $35.23 yesterday. Aetna's PEG ratio is 0.67. Analysts at Bank of America upgraded US Airways Group Inc (NYSE: LCC) from “neutral” to “buy.” LCC's shares closed at $5.11 yesterday. US...
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Bank of America Upgrades LCC, HA To Buy
Tuesday, August 23, 2011 - 6:50am | 34Bank of America has upgraded US Airways (NYSE: LCC) and Hawaiian Holdings (NASDAQ: HA) from Neutral to Buy.
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Bank of America Upgrades AMR To Neutral
Tuesday, August 23, 2011 - 6:49am | 21Bank of America has upgraded AMR Corporation (NYSE: AMR) from Underperform to Neutral.
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Southwest Airlines Appoints Former AirTran Holdings Board Member to Its Board of Directors
Monday, August 22, 2011 - 1:23pm | 60Southwest Airlines (NYSE: LUV) today announced that on Aug. 17, 2011, its Board of Directors appointed J. Veronica Biggins to the Board. Biggins was a member of the Board of Directors for AirTran Holdings, Inc., parent company of AirTran Airways, which was acquired by Southwest Airlines in a deal...
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Morning Gainers; Under Armour up 7%
Monday, August 22, 2011 - 10:13am | 115Barnes & Noble (NYSE: BKS) +5.11% after losing 15% on Friday. Under Armour (NYSE: UA) +7.05% - hearing two mid-tier analyst firms have a Buy rating on the company. Swift Transportation Company (NYSE: SWFT) +7.34% - hearing Capstone upgraded the company to Buy this morning. Elbit Systems (...