Market News
UAL Corp. (UAUA)
UAL Corporation (NASDAQ:UAUA), parent company of United Airlines, announced today that it has named Dana Sacks vice president - Human Resources Partners and Talent Acquisition. Sacks will be responsible for leading the HR support team for the company's business leaders and for talent acquisition. Most recently Sacks served as vice president of Human Resources for PepsiAmericas.
Sacks will report to Marc Ugol, senior vice president - Human Resources.
"Having Dana join the team reinforces our commitment to further driving a performance culture, and to attracting and retaining a highly talented workforce," said Ugol. "We continue to invest in developing a world class Human Resources organization to help drive our business performance."
Mar 5 · 2:43:00 PM · Source: Company Press Release
Track · email · face · Twitter · digg · COMMENTS
by Steve Wieczorek
AMR (AMR)
The Transport Workers Union, which represents 28,000 workers at American Airlines (NYSE: AMR) and regional carrier American Eagle, has several bargaining units in contract negotiations with American, according to TradingMarkest.com. American has said it hopes to negotiate contracts that help the company be more productive and competitive.
Under the Railway Labor Act, which governs collective bargaining in the airline industry, unions cannot strike without first asking the mediation board to declare an impasse to seek release from negotiations. If the board decides to release the union from mediation, a 30-day cooling-off period must expire before a strike or a lockout can begin.
Mar 5 · 2:26:00 PM · Source: TradingMarkets.com
Track · email · face · Twitter · digg · COMMENTS
by Steve Wieczorek
Atlas Air Worldwide Holdings (AAWW)
Boeing Awards Atlas Air Worldwide Holdings, Inc. (Nasdaq: AAWW) Long-Term Contract to Operate Dreamlifter Fleet in Support of 787 Dreamliner Program.
Beginning toward the latter part of 2010, Atlas Air will operate Boeing’s Dreamlifter fleet of four 747-400 aircraft that have been modified to transport major assemblies for the 787 Dreamliner from suppliers around the world to Boeing production facilities in the United States.
The parties have structured the nine-year agreement under which Atlas Air will receive contractually determined revenues for the operation of the Dreamlifter aircraft, with Boeing assuming responsibility for certain direct costs, including fuel. Under the CMI arrangement, Boeing will provide and maintain ownership of the aircraft assets.
Mar 5 · 12:03:00 PM · Source: Company Press Release
Track · email · face · Twitter · digg · COMMENTS
by Steve Wieczorek
FedEx (FDX)
Fortune magazine has ranked FedEx Corp. (NYSE:FDX) among the top 20 most admired companies in the world for the 10th consecutive year, according to MSN Money. The Memphis-based shipping giant was listed at No. 13, according to the publication’s latest survey.
Fortune cited the ability of FedEx to manage costs while maintaining service levels during the economic downturn, and increased demand in international business.
Mar 5 · 11:39:00 AM · Source: MSN Money
Track · email · face · Twitter · digg · COMMENTS
by Steve Wieczorek
Macy's (M)
Macy's reported total sales of $1.641 billion for the four weeks ended Feb. 27, 2010, an increase of 4.0 percent compared with total sales of $1.577 billion in the four weeks ended Feb. 28, 2009. On a same-store basis, Macy's, Inc. sales were up 3.7 percent in February.
As with all the retailers, we need to keep in mind how bad their sales were last year. Last year Macy's reported same store sales were down 8.5% in Feb. This is a trend we are going to see for months to come - retailers reporting increased same store sales coming off such huge declines in sales last year.
Mar 5 · 11:17:00 AM · Source: Company Press Release
Track · email · face · Twitter · digg · COMMENTS
by Rich Pike
Gap, Inc. (GPS)
Gap Inc. reported net sales of $838 million for the four-week period ended February 27, 2010, which represents a 5 percent increase compared with net sales of $795 million for the four-week period ended February 28, 2009. The company’s comparable store sales for February 2010 were up 3 percent compared with a 12 percent decrease in February 2009.
One of the themes we keep seeing is comp stores sales for retailers in February. However, the stat in this Gap press releases reminds us how bad last February was for retailers - Gap comp sales were down 12% YoY last Feb. Now they went up 3% from there - still down significantly from two years ago.
Mar 5 · 11:11:00 AM · Source: Company Press Release
Track · email · face · Twitter · digg · COMMENTS
by Rich Pike
Family Dollar (FDO)
Family Dollar reported that net sales for the second quarter ended February 27, 2010, increased 4.9% to $2.09 billion from $1.99 billion in the second quarter ended February 28, 2009. Comparable store sales for the quarter increased 3.6%. The Company now expects that earnings for the second quarter will be between $0.75 and $0.80 per diluted share. The Company expects to report second quarter financial results on April 7, 2010, before the market opens.
Everyone is all giddy about retailers' announcements lately that comp store sales are up over last year. We should all keep in mind that at this time last year everyone thought the world was going to melt down. So, these are easy comps to beat.
Mar 5 · 11:04:00 AM · Source: Company Press Release
Track · email · face · Twitter · digg · COMMENTS
by Rich Pike
Ford (F)
Ford announced that Fusion sales to buyers new to Ford rose to 60 percent of total Fusion sales in February, up from 54 percent in January and 49 percent in 2009; Fusion Hybrid sales to buyers new to Ford increased to 82 percent last month from 70 percent in January and 63 percent in 2009.
These look like great numbers for Ford. Fusion’s share of the midsize car segment in 2010 has increased to 12.2 percent, up 4.4 points from the 7.8 percent share in the first two months of 2009. If Ford has a brand winner here, that can propel them for years to come.
Mar 5 · 10:54:00 AM · Source: Company Press Release
Track · email · face · Twitter · digg · COMMENTS
by Rich Pike
Previous · Next
Advertisement