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Unconfirmed Rumors circulate that AMR Corporation (AMR) and Southwest Airlines Co. (LUV) are in Merger Talks
Tuesday, November 23, 2010 - 11:32am | 30Unconfirmed Rumors circulate that AMR Corporation (AMR) and Southwest Airlines Co. (LUV) are in Merger Talks.
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Unconfirmed Rumors circulate that AMR Corporation (AMR) and Southwest Airlines Co. (LUV) are in Merger Talks
Tuesday, November 23, 2010 - 11:31am | 30Unconfirmed Rumors circulate that AMR Corporation (AMR) and Southwest Airlines Co. (LUV) are in Merger Talks.
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Stifel Nicolaus Initiates Coverage on Hawaiian Holdings
Tuesday, November 23, 2010 - 10:58am | 25Stifel Nicolaus initiates coverage on Hawaiian Holdings (NASDAQ: HA) with a Buy rating and a $10.50 price target.
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American Airlines and India's Kingfisher Airlines Announce Codeshare and Frequent Flyer Relationship
Tuesday, November 23, 2010 - 10:07am | 130American Airlines (NYSE: AMR) and Kingfisher Airlines announced today they will enter into a comprehensive codeshare and frequent flyer relationship starting in 2011, subject to regulatory approvals. Kingfisher Airlines is a member-elect of the world's leading quality airline alliance, oneworld, of...
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Grind Continues 11-22-2010
Monday, November 22, 2010 - 8:48pm | 802Cusick's Corner The grind continued – no additional color needed to explain this market. With a potentially tight range consolidation at hand, option traders will focus on spread strategies. I will cover a strategy that will fit either a bullish or bearish sentiment in each Corner for the rest of...
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Options Brief: Delta Air Lines (DAL)
Monday, November 22, 2010 - 1:26pm | 105Shares of Delta Air Lines (NYSE: DAL) are lower on the session by 0.87%, trading at $13.64. Overall put volume is now running at 6.31x the daily average, with 66% of all puts traded being purchases on the offer. 19,904 contracts have traded on the session so far. Delta Air Lines, Inc. provides...
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Afternoon Market Update (UAL, LUV, DAL, JBLU, SNDK, HUM)
Monday, November 22, 2010 - 1:03pm | 224US airline stocks dropped along with wider equity market. Shares of United Continental Holdings (NYSE: UAL) and Southwest Airlines Co (NYSE: LUV) traded slightly up. However, Delta Air Lines (NYSE: DAL) and JetBlue Airways Corp (NASDAQ: JBLU) traded slightly lower. The NYSE Arca Airline Index (XAL...
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Merger Arbitrage Mondays – November 22, 2010
Monday, November 22, 2010 - 8:37am | 4904Merger activity increased last week with five new deals being announced and eight deals closing. You can find all the deals listed below in our Merger Arbitrage Tool that automatically updates itself during market hours. Deal Statistics: Total Number of Deals Closed in 2010 109 Total Number of...
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AirTran Airways' Pilots Ratify Tentative Agreement
Friday, November 19, 2010 - 11:58am | 65AirTran Airways, a subsidiary of AirTran Holdings, Inc., (NYSE: AAI) announced today the successful ratification of a new collective bargaining agreement with its pilots. The agreement, on which more than 93 percent of the eligible pilots voted, was overwhelmingly approved by 86.9 percent. The...
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Southwest Airlines Flight Attendants' Union Ratifies Boeing 737-800 Agreement
Thursday, November 18, 2010 - 3:53pm | 83Southwest Airlines (NYSE: LUV) announces that its Flight Attendants voted to ratify a tentative agreement reached with the Company in September to add the Boeing 737-800 to the current collective bargaining agreement. With this positive vote, the Flight Attendants' current contract will also be...
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Southwest Airlines Appoints New Member to Board
Thursday, November 18, 2010 - 3:27pm | 47The Southwest Airlines (NYSE: LUV) Board of Directors today appointed Tom Nealon to the Board, effective December 1, 2010. Nealon is Group Executive Vice President of J.C. Penney Company, Inc (NYSE: JCP).
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Southwest Airlines Declares Quarterly Dividend of $.0045
Thursday, November 18, 2010 - 1:48pm | 49Southwest Airlines' (NYSE: LUV) Board of Directors declared a quarterly dividend of $.0045 per share to Shareholders of record at the close of business on December 9, 2010 on all shares then issued and outstanding. The 137th consecutive dividend will be paid on January 6, 2011.
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Market Roundup (AMR, DAL, UAL, LCC, SHLD, BF.A, BF.B, GME)
Thursday, November 18, 2010 - 1:43pm | 277US airline stocks rose along with the broader market. The ARCA Airline Index (XAL) gained about 2.50%. Some of the gainers in the list include American Airlines (NYSE: AMR), Delta Airlines (NYSE: DAL), United Continental Holdings (NYSE: UAL) and US Airways Group (NYSE: LCC). Shares of Sears...
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30-Yr Bond Yields Leading Move in Dollar 11-17-2010
Wednesday, November 17, 2010 - 7:49pm | 882Cusick's Corner The market continued its grind into the After Hours with neither side catching any momentum. I have been keeping an eye on the Euro -- as the Euro goes, so goes the market. If the Euro firms up and runs, expectations would be that the market would follow. 30yr Bond yields have...
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Domestic News Continues to Take Back Seat 11-17-2010
Wednesday, November 17, 2010 - 4:40pm | 904Cusick's Corner The market continues the grind, but we need to see if one side takes charge in the afternoon. I have been watching the SPX and if the bears can break the 1180 mark, they could take control in the short-term. The bulls on the other hand, can get some momentum if they can press the...