ThinkstockDelta Air Lines Inc. (NYSE: DAL) announced this morning that it had acquired the 49% stake in Virgin Atlantic Airways previously owned by Singapore Airlines for $360 million. Delta and Virgin Atlantic…
Paul Ausick thinkstockHSBC Holdings PLC (NYSE: HBC) pays a $1.92 billion fine to the U.S. government to settle a money laundering probe. (Reuters) The cost of outside products necessary to run Apple Inc. (NASDAQ: AAPL)…
thinkstockChina posts weak exports numbers, a sign that its economic improvement is uneven. (Reuters) Investors say they will sell about $39 billion in Greek debt back to the government. (Reuters) Yahoo! Inc.…
courtesy Boeing Co.Southwest Airlines Co. (NYSE: LUV) reported this morning that traffic in November was down 1.5% year-over-year to 8.1 billion revenue passenger miles. A year ago the revenue passenger miles totaled…
thinkstockInvestors who are optimistic about Europe’s prospects are disappointed by European Central Bank comments on the economy. (Reuters) T-Mobile will stop phone subsidies and start to sell the Apple Inc. (NASDAQ: AAPL)…
The Federal Reserve will begin a new round of bond buying in hopes of stimulating the economy. (Reuters) China shares reached a quarter-long high as government policy initiatives buoy investors. (Reuters) Nokia…
More reasons for Delta Air Line Inc.’s (NYSE: DAL) interest in an investment in Virgin Atlantic emerged today. The huge U.S. carrier finds itself without good market share in routes across the Atlantic.…
Trey Thoelcke Spain’s Unemployed Near 5 Million Spain’s unemployment reached a the staggering level of 4,907,817 last month, according to the government’s labor arm. That almost certainly means that the 25% unemployment the nation…
China’s PMI steps up in November. (Reuters) Greece begins to buy back some of its high-yield bonds. (Reuters) Delta Air Lines Inc. (NYSE: DAL) may buy Virgin Atlantic. (Reuters) Martin Marietta Materials…
ThinkstockThe long-standing reign of West Texas Intermediate (WTI) crude as the international benchmark for crude oil pricing has been eroding for a couple of years. Now, there is a virtual certainty that…
thinkstockGlobal bank layoffs reach 160,000. (Reuters) Christine Lagarde of the International Monetary Fund says it is essential that the European Union make a deal to rescue Greece. (Reuters) The U.S. Postal Service…
ThinkstockU.S. airlines are expected transport nearly 24 million passengers over the 2012 Thanksgiving holiday weekend, up by about 150,000 from last year’s holiday period. Planes should be flying at about 90% of…
There are six large oil refineries in the path of Hurricane Sandy, and as of last night two were closed. The Phillips 66 (NYSE: PSX) refinery and the Hess Corp. (NYSE: HES)…
We noted earlier this morning the possibility that crude oil refineries would either be forced to reduce production or shut down completely as Hurricane Sandy moves toward the coast and on inland.…
Major European equities markets are trading lower today as investors are waiting to see the impact of Hurricane Sandy on the heavily populated U.S. East Coast. The U.K.’s FTSE 100 is down…
