Media Digest 9/14/2009
Reuters:Â Â Obama is trying to push Wall St. reform. Reuters:Â Â German aid for Opel will go in part to Russia for operations there. Reuters:Â Â A global poll shows support for stimulus packages.…
Reuters:Â Â Obama is trying to push Wall St. reform. Reuters:Â Â German aid for Opel will go in part to Russia for operations there. Reuters:Â Â A global poll shows support for stimulus packages.…
Reuters:Â Â China is making it difficult for foreigners to trade in its commodidites markets. Reuters:Â Â Toshiba will pay $5 billion for a unit of Areva. Reuters:Â Â The SEC and CFTC will align…
Reuters:  Sales growth of Ford (F) and Hyundai topped other car companies. Reuters:  The EU could slow a takeover of Sun (JAVA) by Oracle (ORCL). Reuters:  Home sales and factory orders signaled…
By Robert Herbst After losing over $5 billion last year, the airline industry is now on course to lose a similar amount for 2009. This projected loss comes after the airlines will…
Faced with higher fuel prices and falling passenger traffic, the airline industry is ailing. There are concerns that some carriers will go bankrupt if the situation does not improve by the holiday…
Reuters:Â Â China and the US vowed close ties to bring the economy out of recession. Reuters:Â Â Microsoft (MSFT) and Yahoo! (YHOO) are close to a search deal. Reuters:Â Â The Senate may drop…
Reuters:  CIT (CIT) may be close to bankruptcy. Reuters:  China GDP rose 7.9%. Reuters:  Foreclosures hit a record in the first half of 2009. Reuters:  Obama pressed Congress on a healthcare bill. Reuters:  …
AMR Corp. (NYSE: AMR) has some pretty disappointing figures, at least until you compare them to analyst expectations. AMR posted earnings of -$1.39 on a net basis and -$1.14 EPS on a…
Airline price wars are back, just when carriers cannot afford them. The price of jet fuel is up. Passenger traffic is down. Southwest (LUV) is offering fare as low as $30 one…
British Airways has announced it will cut its capital spending this year by another 20% to 580 million pounds. It is in the process of negotiating with its unions to significantly reduce…
These are some of the top analyst downgrades or cautious calls we have seen early this Tuesday morning: American Commercial Lines (ACLI) Cut to Market Perform at Morgan Keegan. AMR Corp. (AMR)…
Reuters:Â Â GM will accept product liability on cars it has built in the past. Reuters:Â Â Obama could consider a second stimulus if necessary. Reuters:Â Â Rising office availability in NYC is slowing. Reuters:Â Â …
Reuters:Â Â The US outlined new financial market reforms. Reuters:Â Â Obama lobbied MDs on his new healthcare package. Reuters:Â Â Russia hosted the first BRIC summit. Reuters:Â Â B of A’s (BAC) BlackRock (BLK) stake…
Reuters:Â Baclays (BCS) sold BCI to Blackrock (BLK) for $13.3 billion Reuters:Â Â WHO declared a flu epidemic Reuters:Â Â Congress bash Fed, Treasury, and B of A (BAC) on Merrill Reuters:Â Â US is…
All of the fuel-hedging, layoffs, capacity and route-cutting the airline industry did last year in an attempt to offset the rising price of fuel has gone for nothing. Delta (DAL) announced today…