Market News
Atlas Air Worldwide Holdings (AAWW)
Atlas Air and Rock-It Cargo to Support Summer 2010 Metallica Tour Across South and Latin Americas. Atlas Air Worldwide Holdings, Inc. (AAWW) (Nasdaq: AAWW), a leading provider of global air cargo assets and outsourced aircraft operating services, announced today that its Atlas Air, Inc. operating unit has signed an agreement with its longtime customer, Rock-It Cargo, to support the upcoming tour dates of Rock and Roll Hall of Fame inductee, and globally renowned, rock band Metallica.
Atlas will operate six flights in support of the 2010 Metallica tour, delivering stage, lighting and heavy music equipment aboard its modern Boeing 747-400 freighters.
“Rock-It has successfully supported Madonna, The Police, Boeing, APR Energy, Cirque du Soleil, The PGA Tour, major trade shows, and major museums with their most critical freight logistics. "We choose to partner with Atlas Air because of their high-quality aircraft and strong operational support,” said David Bernstein, CEO of Rock-It Cargo.
Feb 17 · 2:36:00 PM
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by Steve Wieczorek
Southwest Airlines (LUV)
LUV is in the air at Philadelphia International Airport (PHL)! Southwest Airlines joined Philadelphia Mayor Michael A. Nutter and other dignitaries today at a ribbon cutting ceremony officially opening Southwest's new home in Terminal E at PHL. The recently completed $45 million Terminal E Expansion features seven new aircraft gates, a 500-seat holding area, new restrooms, a mini-food court with new concessions, and a fantastic new piece of permanent artwork installed as part of the City's Percent for Art Program.
"This new facility, that now allows us to operate out of one concourse, is a wonderful example of both Southwest Airlines and the City of Philadelphia working together in a public-private partnership to enhance air travel for the entire City," stated Bob Montgomery, Southwest Airlines Vice President of Properties. "I know all of our hard-working Southwest Employees here in Philadelphia can't wait to continue providing our legendary Customer Service from our new home in Terminal E."
During the ceremony, Montgomery also announced a new destination for Philadelphians. Beginning June 27, 2010, the carrier is starting new service between Philadelphia and Boston Logan (BOS).
Feb 17 · 2:12:00 PM · Source: Company Press Release
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by Steve Wieczorek
Walgreen (WAG)
Walgreen Co. said today it has definitively agreed to acquire Duane Reade Holdings Inc., operator of a chain of 257 New-York-area drugstores, from affiliates of Oak Hill Capital Partners. The deal price is nearly $1.08 billion, including assumption of debt.
Walgreen, which called the deal "a compelling strategic acquisition," will now have a leadership position in nation’s largest retail and drugstore market.
Feb 17 · 9:02:00 AM · Source: Company Press Release
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by Larry Etter
EMC (EMC)
EMC® Corporation and FatWire® Software have announced they will jointly offer solutions for Web experience and brand management to help customers create engaging online experiences and ensure brand consistency.
This announcement strengthens EMC's portfolio of marketing solutions and supports the two companies' shared vision of enabling chief marketing officers to better enhance marketing efficiencies and deliver greater brand impact.
Feb 17 · 8:53:00 AM · Source: Company Press Release
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by Larry Etter
Verizon (VZ)
Verizon Wireless and Skype have announced a strategic relationship that will bring Skype to Verizon Wireless smartphones starting in March.
The new Skype mobile™ product enhances Verizon Wireless’ smartphones for users who have data plans by offering a new way to call around the globe, while also giving hundreds of millions of Skype users around the world the opportunity to communicate with users in the United States using Verizon Wireless.
Feb 17 · 8:45:00 AM · Source: Company Press Release
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by Larry Etter
Bank of New York Mellon (BK)
BNY Mellon said it has signed a definitive agreement to acquire the corporate trust business of CIBC Mellon. The acquisition is expected to close by the end of the
The acquisition will more than double BNY Mellon's share of the corporate trust market in Canada and expand its leadership position in a number of key segments, servicing domestic and cross-border debt issuances, structured credit and securitizations, government stimulus programs and public private partnership transactions.
Feb 17 · 8:40:00 AM · Source: Company Press Release
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by Larry Etter
ConocoPhillips (COP)
ConocoPhillips says it will spend $11.2 billion on capital projects in 2010, a 10 per cent drop from estimated 2009 spending.
The nation's third-largest oil company previously said it would cut capital expenditures and sell off assets to help pay off debt and improve its cash position amid sagging profits.
Feb 16 · 2:52:00 PM · Source: News 1130
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by Michael Oliveto
Exxon Mobil (XOM)
Exxon Mobil Corporation announced today that additions to its proved reserves in 2009 totaled 2.0 billion oil-equivalent barrels, replacing 133 percent of production. Excluding the impact of asset sales, reserves additions replaced 134 percent of production.
“ExxonMobil is an industry leader in reserves replacement,” said Rex W. Tillerson, chairman and chief executive officer. “We have replaced more than 100 percent of production for 16 consecutive years, reflecting our strategic focus on resource capture, a disciplined approach to investment and excellence in project execution. Adding new reserves ensures that ExxonMobil will continue to develop new supplies of energy to meet future demand and support economic growth and improved standards of living."
Feb 16 · 2:38:00 PM · Source: Company Press Release
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by Michael Oliveto
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