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…
Hurricane Sandy is forcing the cancellation of thousands of flights into and out of the U.S. Northeast amid forecasts for high winds and heavy rain. In New York City, the subway system…
thinkstockBest Buy Co. Inc. (NYSE: BBY) cuts forecasts. (Reutesr) Spain will increase the rate at which its helps its regional governments. (Reuters) The federal government sues Bank of America Corp. (NYSE: BAC)…
Wikipedia/Public DomainDelta Air Lines Inc. (NYSE: DAL) reported third-quarter 2012 results before markets opened this morning. The airline posted adjusted diluted earnings per share (EPS) of $0.90 on revenues of $9.92 billion.…
Paul Ausick The three major U.S. stock indexes opened lower this morning and remained in negative territory all day. The decline is down to weak earnings from many U.S. firms reporting results today. In…
China begins to use its currency for cross-border transactions — a challenge to the dollar. (Reuters) Google Inc. (NASDAQ: GOOG) is denied summary judgement in a patent fight with Vringo. (Reuters) The head…
It seems impossible to believe that the profits of the global airline industry could be robust this year. But the The International Air Transport Association (IATA) revised its “global aviation outlook” higher,…
Halloween Spending Forecast Halloween may be one of the events that helps keep consumer spending at a reasonable level. BIGinsight conducted research for the National Retail Federation that found more than 71% of American…
American Airlines, whose parent AMR is in Chapter 11, will use that status, a staple of the industry, to send layoff notices to 11,000 workers. The people who receive the notices can…
This morning’s disappointing employment numbers from the Labor Department haven’t stopped Delta Air Lines Inc. (NYSE: DAL) investors from pushing shares 3% higher in morning trading to nearly $9.50 per share. The…
Trey Thoelcke Wikipedia/Public DomainDelta Air Lines Inc. (NYSE: DAL) will move further into the oil refinery business as a means to keep its fuel costs low. While other airlines have not followed into the business,…
Trey Thoelcke China’s Extraordinary Stimulus Package China has decided that what its economy needs is an extraordinary stimulus package. As its growth in gross domestic product drops toward what is likely to be 7%…
Douglas A. McIntyre AMRBankrupt AMR Corp. and US Airways Group Inc. (NYSE: LCC) have announced that the two companies have entered a nondisclosure agreement (NDA), under which the companies have agreed to exchange certain confidential…
AMRIt is almost hard to believe, but AMR Corporation (NASDAQOTH: AAMRQ.PK) has proven to be profitable in the month of July. AMR has made an SEC Filing which discloses its Monthly Operating…
