Each year, 24/7 Wall St. identifies 10 important American brands that we predict will disappear within a year. This year’s list reflects the brutally competitive nature of certain industries and the reason…
When Delta Air Lines Co. (NYSE: DAL) agreed to buy an oil refinery from Phillips 66 (NYSE: PSX), the transaction underscored a shift that has been taking place in refinery ownership. Pure…
While airline fees for checked baggage are decidedly unpopular among travelers, other factors can combine to overcome the negative impact of fees. Low-cost carriers appear to have the advantage here over traditional…
In December 2011, before the spin-off of Phillips 66 (NYSE: PSX) from ConocoPhillips (NYSE: COP), Conoco was believed to be trying to sell its 247,000 barrel/day Belle Chase, Louisiana, refinery for $700…
Unemployment in Greece reached 21.9% in March, which allows it to move into the club of EU nations with unemployment rates over 20%. Spain chairs that association. The Greek number was up…
The global airline industry is no where close to recovery according to the head of its largest trade association. “Oil prices are high, although moderating somewhat from recent peaks. The European sovereign…
The airline industry was looking like it was all set for recovery just last week. Despite the economic softness, three different analysts were talking up the sector. It turns out that at…
The three major US stock indexes opened very slightly higher this morning, but soon turned south on a disappointing report on US factory orders (our coverage here). In Europe, Germany once again…
Oil had a really dismal May, losing roughly 17% and hitting under $87.00 per barrel for WTI Crude on Thursday. While this may not be good for oil barons, the airline industry is getting…
The International Air Transport Association (IATA) today released traffic data for April showing that total passenger demand rose 6.1% year-over-year, with international traffic up 7.4% and domestic traffic up 3.9%. Freight traffic…
Oil is tanking behind Europe, commodity inventories are up, and refineries are running at very high historic levels. And guess what, airplanes are full, fares are up, carriers are passing on endless…
In a filing yesterday with the Securities and Exchange Commission, oil refiner Valero Energy Corp. (NYSE: VLO) said that it has accepted an offer of $350 million plus working capital for its…
As recently as last week it appeared that Carl Icahn’s Icahn Enterprises L.P. (NASDAQ: IEP) may not receive enough shares to complete his takeover of CVR Energy Inc. (NYSE: CVI). Those doubts…
Is the economy so weak that the summer and rest of 2012 will be punishing on the airline industry? Apparently not. Have you been to an airport and flown lately? Chances are…
The major US stock indexes opened flat this morning but started to move higher following the better-than-expected ISM report on manufacturing (our coverage here). Construction spending in the US was a bit…
