NWA
According to Reuters, talks over a US bailout of banks broke down and will begin again today.Reuters reports that Washington Mutual (WM) became the largest bank failure in US history. Many of its...
Published:
Last Updated:
If you were against airline mergers, you might be preaching to the deaf now. Northwest Airlines Corporation (NYSE: NWA) has voted in favor its merger with Delta Air Lines (NYSE: DAL). Delta has...
Published:
Last Updated:
Alitalia went belly up over the weekend. The causes were the same as for most recent airline failures. Fuel is too high, and do are debt-loads. Passenger traffic is being undermined by a slowing...
Published:
Last Updated:
According to Reuters, Singapore sovereign fund Temasek say it sees value in US and UK stocks.Reuters writes that two large bond investors may get involved in raising capital for Fannie Mae (FNM) and...
Published:
Last Updated:
Not long ago daily media stories were predicting which major airline would be the first in line to fail. Las Vegas type odds were given to a list of inevitable airline bankruptcies.There should be no...
Published:
Last Updated:
Stocks in a number of airlines rose over 40% last week with some, including AMR (AMR) moving up over 50%. The price of oil sold off sharply enough to warrant some of the improvement in the shares....
Published:
Last Updated:
Delta Air Lines (NYSE: DAL) is in an odd spot this morning. The company beat earnings and claims a gain before extraordinary items, yet it still had a wide loss on a net income basis. The...
Published:
According to Reuters, Robert Steel was named the new CEO of Wachovia (WB) and the bank said it would have a quarter loss of $2.6 to $2.8 billion. Reuters writes that the Blue Chip Economic Indicators...
Published:
Telik (TELK) Someone selling out of the stock in big numbers. A mystery wrapped in an enigma. Down to $1.24 from 52-week high of $4.96. Circuit City (CC) Still selling off after big loss. Down...
Published:
According to Reuters, Staple (SPLS) has received EU approval for a takeover of Corporate Express. Reuters writes that DreamWorks is in conversations with India’s Reliance. The deal would allow...
Published:
There are the 24/7 Wall St. odds that several companies will have to file for Chapter 11 between now and the end of the year. These will become a permanent part of the website and the list will be...
Published:
One of the most brilliant theories in business is that large companies are destroyed by more nimble competitors. Over time, the small companies become the large ones. The genius and capacity for...
Published:
The press alternates between reporting that United (UAUA) and US Air (LCC) are in merger talks one day, and not in merger talks the next. According to Reuters "United Airlines and US Airways...
Published:
Based on several pieces of analysis, the US airline industry will lose over $7 billion this year. If jet fuel stays high and a recession cuts passenger counts, the figure could go much higher....
Published:
AMR (AMR) falls after saying it will cut service to save money. Down to $6 from 52-week high of $29.32. US Air (LLC) drops as oil spikes and investors fear huge losses in airline sector. Falls to...
Published: