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Mad Money Lightning Round: Cramer Likes Berkshire Hathaway
Wednesday, May 25, 2011 - 1:21am | 237On CNBC's Mad Money, Jim Cramer said during the Lightning Round that VirnetX (AMEX: VHC) has been a “great performing stock. It's too hot for me. I say cha-ching." For Agnico-Eagle Mines (NYSE: AEM), Jim said, "I like their CEO, but if you want to own a gold stock, you want Goldcorp (GG). I think...
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Five Stocks for Bob Dylan's 70th Birthday
Tuesday, May 24, 2011 - 5:07pm | 866So Bob Dylan turned 70 years old today. But he's still going strong, still staying in the limelight. As widely reported in the past few days, in a previously unreleased interview from 1966, he admitted kicking a heroin habit. This iconic musician also has an upcoming show in Israel with Rickie Lee...
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Options Trading on AMR in the Wake of the Icelandic Volcanic Eruption
Tuesday, May 24, 2011 - 5:06pm | 133Options Trading Investors Place Their Bets (Wall Street Journal) Options trading investors are already taking up options trading positions in American Airlines (AMR) over concerns the airline will be impacted by the recent volcanic eruption in Iceland. Icelandic airspace was shut down by Sunday as...
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Boeing Delivers American Airlines First 737-800 With Boeing Sky Interior
Tuesday, May 24, 2011 - 1:19pm | 119Boeing (NYSE: BA) delivered to American Airlines (NYSE: AMR) today its first Next-Generation 737-800 featuring the all-new Boeing Sky Interior. The new aircraft marks a major milestone in American's commitment to improving and modernizing the customer experience through the execution of its fleet...
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UPDATE: Hudson Raises PT on US Airways to $14
Tuesday, May 24, 2011 - 9:47am | 157Hudson is out with its report today on US Airways (NYSE: LCC), raising its PT from $11 to $14. In a note to clients, Hudson writes, "No change to our 2011 estimate though we are comfortable introducing a 2012 EPS of $2.40/share (which is predicated on LCC achieving a 4.5% improvement in pricing,...
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Delta, US Airways Announce New Agreement to Transfer Flying Rights in New York and Washington, D.C.
Monday, May 23, 2011 - 4:35pm | 136Delta Air Lines (NYSE: DAL) and US Airways (NYSE: LCC) today announced a new agreement to transfer takeoff and landing rights at New York's LaGuardia and Washington D.C.'s Reagan National airports. The agreement, filed today with the Federal Aviation Administration (FAA), revises a 2009 transaction...
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Options Brief: AMR Corporation
Monday, May 23, 2011 - 10:35am | 87Shares of AMR Corporation (NYSE: AMR) are lower on the session by 0.60%, trading at $6.62. Overall call volume is now running at 2.26x the daily average, with 0% of all calls traded being purchases on the offer. 41,296 contracts have traded on the session so far. AMR Corporation operates in the...
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Earnings Roundup For May 23
Monday, May 23, 2011 - 8:41am | 715Perry Ellis International Inc (NASDAQ: PERY) reported upbeat quarterly results and lifted its earnings guidance for the year. Perry Ellis reported its Q1 net income at $15.4 million, or $0.99 per share, up from $11.2 million, or $0.81 per share, in the year-ago period. Excluding items, PERY's...
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Which Airlines Are Being Affected By Grimsvotn?
Monday, May 23, 2011 - 8:26am | 330Grimsvotn, Iceland's most active volcano, erupted yesterday, and is playing havoc with European travel, particualrly air travel, as ash clouds rise, and threaten to shut down airports. Last year, air travel was affected by another Icelandic volcano, and air travel was affected for six days. Dark...
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Ryanair Reports 23% Surge In Fiscal Year Profit
Monday, May 23, 2011 - 2:39am | 104Ryanair Holdings PLC (NASDAQ: RYAAY) reported a 23% rise in its fiscal year net profit. Ryanair reported its net profit at EUR374.6 million, up from EUR305.3 million, in the year-earlier period. Excluding exceptional items, its net profit surged 26% to EUR400.7 million. RYAAY's revenue for the...
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Merger Arbitrage Mondays – May 23, 2011
Monday, May 23, 2011 - 2:08am | 4780Merger activity increased last week with five new deals announced and seven 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 74 Total Number of Deals...
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American Airlines Cooperating With U.S. DoJ Antitrust Probe Into Global Distribution Systems Practices
Friday, May 20, 2011 - 9:16am | 80American Airlines (NYSE: AMR) received a Civil Investigative Demand from the Antitrust Division of the U.S. Department of Justice. The CID states that the Department of Justice is investigating whether conduct by the global distribution systems violated the U.S. antitrust laws. The CID further...
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Dahlman Rose Reiterates Buy Rating On Southwest Airlines
Thursday, May 19, 2011 - 12:21pm | 78According to Dahlman Rose, Southwest Airlines (NYSE: LUV) Buy rating is reiterated. Dahlman Rose said that it is reiterating its Buy rating and $15 price target on the common shares of LUV. “We are also raising our 2Q11 EPS estimate to reflect stronger May and June traffic growth, as well as lower...
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SkyWest, Inc. Declares 64th Consecutive Quarterly Dividend of $0.04/Share
Wednesday, May 18, 2011 - 2:49pm | 73The Board of Directors of SkyWest, Inc. (NASDAQ: SKYW) declared a quarterly dividend of $.04 per share to Shareholders of record at the close of business on June 30, 2011 on all shares then issued and outstanding. The 64th consecutive dividend will be paid on July 7, 2011.
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Deutsche Bank Update on the Airline Industry
Wednesday, May 18, 2011 - 7:51am | 131In its update on the airline industry, Deutsche Bank reports that “past history would suggest that the time to own airline shares is from the fall to the spring (i.e. the ‘seasonal trade') and to lighten up during the early summer (i.e. ‘go away in May').” “However, every once in awhile (most...