Market News
Hercules Offshore Inc. (HERO)
Hercules Offshore, Inc. (Nasdaq:
HERO) reports a loss from continuing operations of $26.9 million, or
$0.23 per diluted share, on revenues of $176.4 million for the fourth
quarter ended December 31, 2009, versus a loss from continuing operations of
$1.1 billion, or $12.90 per diluted share, on revenues of $313.5 million
for the quarter ended December 31, 2008.
The Company reported a loss from continuing operations of $90.1 million, or
$0.93 per diluted share, on revenues of $742.9 million for the twelve month
period ended December 31, 2009, versus a loss from continuing operations of
$1.1 billion, or $12.25 per diluted share, on revenues of $1.1 billion for
the twelve month period ended December 31, 2008.
The company says it tried hard to cut costs last year, and is hoping for improved results this year.
Mar 2 · 10:28:00 AM · Source: Company Press Release
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by Jeffrey Epstein
Southwest Airlines (LUV)
Shares in Southwest Airlines set a new 52-week high at USD12.89 yesterday, up 1.0% from the previous day’s close. AirTran's shares soared 5.6%, while JetBlue and Allegiant were also stronger, up 0.6% and 1.7%, respectively, according to the Centreforaviation.com.
US airline stocks have been stronger so far in 2010, due to improved balance sheets and passenger demand. With signs of the economy improving further, investors are optimistic that some of the large carriers will report profitable results in 2010.
Mar 2 · 8:46:00 AM · Source: Center for Asia Pacific Aviation
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by Steve Wieczorek
AIG (AIG)
American International Group, Inc. announced today a definitive agreement for the sale of the AIA Group, Limited, one of the world's largest pan-Asian life insurance companies, to Prudential plc for approximately $35.5 billion, including approximately $25 billion in cash, $8.5 billion in face value of equity and equity-linked securities, and $2.0 billion in face value of preferred stock of Prudential, subject to closing adjustments.
This deal will provide some of the needed cash AIG sorely needs.
Mar 1 · 10:21:00 AM · Source: Company Press Release
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by Larry Etter
Verizon (VZ)
Responding to the devastating earthquake in Chile, Verizon is waiving all long-distance usage charges for calls from itsresidential landline and Verizon Wireless phones to Chile, from Feb. 26 through Mar. 6.* The company will also waive all Verizon Prepaid Phone Card charges for all long-distance calls placed from the U.S. to Chile.
Mar 1 · 10:16:00 AM
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by Larry Etter
Texas Instruments (TXN)
Texas Instruments Incorporated today introduced a new highly-integrated, cost-effective radio frequency (RF) range extender for low-power wireless applications at 850 to 950 MHz, such as wireless sensor networks, automatic meter reading (AMR), and wireless industrial controls, consumer and audio systems.
The single-chip CC1190 integrates a power amplifier (PA), a low-noise amplifier (LNA), switches and RF matching, which eliminates expensive discrete components, simplifies design layout, reduces test time, improves RF performance and shrinks overall board space
Mar 1 · 10:14:00 AM · Source: Company Press Release
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by Larry Etter
HP (HPQ)
HP today introduced its first multitouch-enabled tablet for business
users as well as notebook PCs tailored for both enterprise and small and midsize
businesses (SMBs).
The notebook PCs are the latest in the company`s series of launches providing
businesses a wide selection of product choices.
Mar 1 · 10:11:00 AM · Source: Company Press Release
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by Larry Etter
JetBlue Airways Corporation (JBLU)
The main runway at New York's John F. Kennedy International will be closed for four months starting March 1. Millions of travelers will experience delays — including some not flying anywhere near New York City. JetBlue, American, Delta and other airlines have cut their schedules by about 10 percent for the shutdown period. JetBlue and its competitors are contemplating raising prices because there will be a smaller number of seats to meet demand.
JFK's longest runway, at 14,572 feet, is one of the longest commercial runways in the world. It's a backup landing spot for the space shuttle, which has its next mission in April. The runway is being repaved with concrete instead of less-durable asphalt and widened to accommodate today's bigger planes such as the new Airbus A380.
Mar 1 · 7:56:00 AM · Source: WHNT.com
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by Steve Wieczorek
Alaska Air Group Inc. (ALK)
Inflight WiFi provider Aircell scored a coup with Alaska Airlines, which has dropped plans to deploy Row 44's on-board satellite-based WiFi system in favor of Aircell's Gogo system for fleet-wide WiFi service, according to FierceBroadbandWireless.com. Alaska Airlines had originally favored Row 44's satellite-based WiFi system because it could provide service over oceans and in Alaska, Hawaii and parts of Mexico. Its goal was to deploy the service by the end of 2009. While Aircell's Gogo service is terrestrial-based, the equipment was priced cheaper, according to an airline spokeswoman cited in InformationWeek.
Alaska Airlines' move makes sense given the fact that airlines are still determining what price passengers are willing to pay for Internet access. The airline cannot afford to bypass inflight Internet access altogether given the fact that competitors such as Delta, American and United are all deploying the Gogo service.
Alaska Airlines expects to roll out the service across its 115 aircraft by the end of 2010.
Mar 1 · 7:47:00 AM · Source: FierceBroadbandWireless.com
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by Steve Wieczorek
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