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Dahlman Rose Upgrades Alaska Air Group To Buy, $75 PT
Monday, August 1, 2011 - 7:37am | 27Dahlman Rose has upgraded Alaska Air Group (NYSE: ALK) from Hold to buy and has established a $75 price target.
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Dahlman Rose Upgrades Delta Air Lines To Buy, $10 PT
Monday, August 1, 2011 - 7:36am | 27Dahlman Rose has upgraded Delta Air Lines (NYSE: DAL) from Hold to Buy and has established a $10 price target.
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If you liked Sheila Bair, You Would Have Loved Ed Gray and Tim Ryan: Part 2
Monday, August 1, 2011 - 7:21am | 3625After I wrote part one of this column three weeks ago I did a two-part series on the Council of Economic Advisers' (CEA) reports for 2005-2007. I focused on the 2006 report because it had a significant discussion of the theory of financial intermediation and a paragraph on financial regulation....
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Merger Arbitrage Mondays – August 1, 2011
Monday, August 1, 2011 - 4:28am | 4789Merger activity declined last week with three new deals announced and three 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 131 Total Number of...
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Stocks to Watch for Monday 8/01/2011: Fresh 52 Week Highs and Lows
Sunday, July 31, 2011 - 10:55pm | 3407Stocks trading at or near 52-week highs and lows provide excellent trading opportunities, as volatility tends to increase at such levels and exit/entry points become more clearly defined. The following stocks hit new 52-week highs in Friday's trading session (listed from highest total volume to...
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Earnings Expectations for the Week of August 1
Sunday, July 31, 2011 - 10:02am | 1197Quarterly reports of note scheduled for this week include those from Archer Daniels Midland (NYSE: ADM), General Motors (NYSE: GM), MasterCard (NYSE: MA), Procter & Gamble (NYSE: PG) and Time Warner (NYSE: TWX), all of which are expected to post earnings growth, as well as Pfizer (NYSE: PFE)...
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Delta Partners with LivingSocial to Launch Custom Destination Deals for Travelers
Friday, July 29, 2011 - 8:45am | 58Delta Air Lines (NYSE: DAL) today launched LivingSocial destination-specific deals offering delta.com customers targeted offers during their trip. Customers can sign up for LivingSocial offers when they access their My Trips summary on Delta's website. Offers are specific to the dates and...
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Ruth's Hospitality Group Announces CFO Change; Arne Haak to Become New CFO
Thursday, July 28, 2011 - 5:02pm | 155Ruth's Hospitality Group, Inc. (Nasdaq: RUTH) announced today that Executive Vice President & Chief Financial Officer Bob Vincent will transition to a newly created position of Senior Vice President of Corporate Strategy. Effective August 8, 2011 Mr. Vincent will be responsible for formulating...
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Airline Stocks Scream Mayday
Thursday, July 28, 2011 - 3:28pm | 282Has anyone looked at the airline sector lately? These stocks are simply falling out of the sky. This industry group has always been considered the red headed step child of stocks, however, these stocks have been decimated. The scary part about this sector is that despite the airline stocks being...
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Rodman & Renshaw Reiterates Market Outperform and PT of $17 on Delta Air Lines
Thursday, July 28, 2011 - 3:30am | 61Rodman & Renshaw reiterated its Market Outperform rating on Delta Air Line (NYSE: DAL). At the same time, the rating agency left its price target on the company's stock unchanged at $17. On Wednesday, DAL lost 5.11% of its value to end the day at $7.61. Its shares rebounded in today's pre-...
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Stocks to Watch for Thursday 7/28/2011: Fresh 52 Week Highs and Lows
Thursday, July 28, 2011 - 2:37am | 3403Stocks trading at or near 52-week highs and lows provide excellent trading opportunities, as volatility tends to increase at such levels and entry/exit points become more clearly defined. The following stocks hit new 52-week highs in Wednesday's trading session (listed from highest total volume to...
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Southwest Airlines Statement Regarding Appearance Tech Vote On Its Tentative Agreement
Wednesday, July 27, 2011 - 3:20pm | 100Southwest Airlines (NYSE: LUV) today offered a statement in response to the "no" vote by its Appearance Techs, represented by the Aircraft Mechanics Fraternal Association, on the tentative agreement it had with the Company: "There was substantial effort to craft an offer that balanced healthy wage...
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Dahlman Rose Maintains Hold on Hawaiian Holdings
Wednesday, July 27, 2011 - 9:25am | 76Dahlman Rose is out with its report today on Hawaiian Holdings (NASDAQ: HA), maintaining Hold. In a note to clients, Dahlman Rose writes, "Hawaiian Airlines reported 2Q11 results in line with our and consensus estimates. Management expects to see +15% capacity growth due to several new flights to...
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Earnings Roundup
Wednesday, July 27, 2011 - 8:43am | 1811Boeing Co (NYSE: BA) reported a 20% rise in its second-quarter profit. Boeing's quarterly profit surged to $941 million, or $1.25 per share, from $787 million, or $1.06 per share, in the year-earlier period. Its revenue gained 6% y/y to $16.54 billion from $15.57 billion. However, analysts were...
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UPDATE: Delta Air Lines Reports Drop In Q2 Profit
Wednesday, July 27, 2011 - 8:11am | 82Delta Air Lines Inc (NYSE: DAL) reported a decline in its Q2 earnings. DAL reported its quarterly earnings at $198 million, or $0.23 per share, down from $467 million, or $0.56 per share, in the year-earlier period. Its revenue gained 12% y/y to $9.15 billion. On a continuing basis, DAL's net...