Updated throughout the day. UAL (NASDAQ: UAUA) and Continental (NYSE: CAL) are fighting over the respective value of their companies as they attempt a merger. A class action suit brought by ... Read Full Story »
Reuters: A new panel to address the budget deficit will start work. Reuters: A lawyer for Goldman Sachs Group (NYSE: GS) said it is not an "evil empire." Reuters: The ... Read Full Story »
Reuters: Germany's ruling party is keeping pressure on Greece to restructure debt. Reuters: The growth forecasts of the G20 do not make economic sense. Reuters: Oil moved higher on strong ... Read Full Story »
Reuters: The push for a stronger yuan has been modest at the G20 meetings. Reuters: A Goldman Sachs Group (NYSE: GS) Director Rajat Gupta told hedge fund billionaire Raj Rajaratnam about a ... Read Full Story »
US Airways breaks off merger talks with UAL Corp. (Updated from MarketWatch at 10.50 AM EST) The IATA, the airline industry's trade association which has over 220 members, reported that ... Read Full Story »
The cost of the Iceland volcanic eruption to airlines has reached $1.7 billion and it has risen at a rate of $400 million from April 17 to 19 period. Some ... Read Full Story »
Reuters: Goldmand Sachs Group, Inc (NYSE: GS) are standing behind the company. Reuters: Chinas said the chances of the yuan rising are more likely. Reuters: Toyota Motor (NYSE: TM) is ... Read Full Story »
Robert Herbst, airline analyst and founder of AirlineFinancials.com, estimates the five US passenger airlines with European operations are collectively losing $35.8 million in revenue per day since Friday, April 16 ... Read Full Story »
From the IATA (International Air Transport Association), an estimate of what the Iceland volcano is costing the airline industry per day--$200 million. The IATA represents 220 airlines comprising 93% of ... Read Full Story »
Reuters: The Fed backed "extending language" on rates. Reuters: About 60% CDS could be cleared centrally according to experts. Reuters: Bank of America Corporation (NYSE: BAC) and Symphony will link ... Read Full Story »
These are this Monday's top analyst upgrades, downgrades, and initiations seen in Wall Street research calls: Arch Coal Inc. (NYSE: ACI) Raised to Buy at Citigroup. ARM Holdings (NASDAQ: ARMH) ... Read Full Story »
Updated throughout the day. Bain and KKR plan IPOs for Toys 'R' Us, HCA, and NXP Semi (WSJ) Twitter will redesign its homepage. (AllThingsD) Continental (CAL) may push out US Air (LCC) ... Read Full Story »
There are two opportunities for companies in the airline business to improve their prospects in troubled times. The first is bankruptcy and the other is M&A. US Air (LCC) and ... Read Full Story »
Bob Herbst of Airlinefinancials.com exclusive special to 24/7 Wall St. Winners are: #1. American (AMR) and #2. JetBlue (JBLU) Losers are: Delta (DAL) and US Airways (LCC) with notable mention to Continental (CAL) ... Read Full Story »
By Robert Herbst For 2009, the nine largest airlines accumulated just over $4 billion in net losses. 2008 wasn't much better with a $3.5 billion loss. So far, 2010 projections show a ... Read Full Story »