Market News
AirTran (AAI)
AirTran will add another destination on its route map starting May 6 when it will begin to serve Tunica, Mississippi from Atlanta. One-way introductory rates of $49 each way are offered on trips finished on or before June 14.
Tunica is one of the fastest growing resort areas in the country and notable for its gaming opportunities at Bally's Casino, Sheraton Casino & Hotel, Harrah’s Casino Tunica, Horseshoe Casino & Hotel Tunica and Tunica Roadhouse Casino & Hotel.
Feb 15 · 6:11:00 PM · Source: ajc
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by Michael Oliveto
Pacific Gas & Electric (PCG)
Pacific Gas & Electric has unveiled crucial details about its proposed wave energy project off the coast of Vandenberg Air Force Base; a major step toward alternative electric power generation for the region.
PG&E said the project could be operational by 2014, generating as much as 100 megawatts of power and providing permanent non-fossil-fuel power for the base, one of the largest employers in Santa Barbara County.
Feb 15 · 6:03:00 PM · Source: Pacific Coast Business Times
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by Michael Oliveto
Southwest Airlines (LUV)
Southwest Airlines said it will sell tickets starting at $39 each way on some routes under 500 miles.
As usual, the airline didn't say how many seats it will offer at the sale prices, and Friday and Sunday flights aren't included. The sale ends Thursday and covers travel from March 15 through May 25.
Feb 15 · 6:00:00 PM · Source: Las Vegas Sun
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by Michael Oliveto
Illinois Tool Works (ITW)
Illinois Tool Works reported a total Company operating revenue increase of 9 percent for the three months ended January 31, 2010 versus the year-ago period.
The growth in revenues consisted of acquisitions and currency
translation contributing 1 percent and 10 percent, respectively. Base
revenues declined 2 percent in the three-month period. The base revenue decline of 2 percent in the most recent period improved versus the 2009 fourth quarter when base revenue declined 10 percent on a year-over-year basis. This improvement was largely due to easier January comparisons and the substantial improvement in the North American automotive OEM end market.
Feb 15 · 5:56:00 PM · Source: Reuters
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by Michael Oliveto
Duke Energy (DUK)
A federal agency wants Duke Energy to explain how it handled heavy rain that flooded parts of Lookout Shoals Lake in Catawba County last month.
The Federal Energy Regulatory Commission, responding to complaints from homeowners, has given Duke until Feb. 28 to report whether it operated according to the terms of its federal license.
Feb 15 · 5:38:00 PM · Source: Charlotte Observer
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by Michael Oliveto
Constellation Energy (CEG)
Constellation Energy announced today that the Association of Energy Engineers New England Chapter (AEE-NE) named two of the company's energy projects as the best in New England in 2010.
Constellation Energy's solar installation at Patriot Place was named the best renewable energy project in New England, and the energy conservation program implemented by Constellation Energy for Bristol Community College topped the list of energy projects at colleges in New England.
Feb 15 · 5:30:00 PM · Source: Company Press Release
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by Michael Oliveto
Airgas (ARG)
Industrial gas supplier Airgas rejected the unsolicited $5 billion buyout bid from larger rival Air Products and Chemicals Inc., calling it a "bargain basement price."
In a letter to Air Products CEO John McGlade, Airgas said the $60 per share offer, as well as an earlier bid of $62 per share, "grossly" undervalues the company. Airgas also noted that, with the current depressed prices for many companies in the market, it is a "terrible" time to sell the business.
Feb 15 · 5:27:00 PM · Source: Las Vegas Sun
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by Michael Oliveto
Raytheon (RTN)
Raytheon's Joint Standoff Weapon C-1 completed a major milestone when the weapon's Strike Common Weapon Datalink (SCWDL) communicated via Link-16 nodes with a Joint Surveillance and Target Attack Radar System aircraft. The test demonstrated the weapon's ability to function as a node on the network and moved the system one step closer to engaging moving maritime targets.
JSOW is a family of low-cost, air-to-ground weapons that employs an integrated GPS-inertial navigation system and terminal infrared seeker, which guides the JSOW to the target. JSOW C-1 features the two-way Rockwell Collins SCWDL, which gives the combat-proven weapon a moving maritime target capability.
Feb 15 · 5:20:00 PM · Source: Company Press Release
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by Michael Oliveto
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