Market News
Producer Price Index
Producer prices fell more steeply than expected in February as energy costs fell, giving the Federal Reserve leeway to hold interest rates exceptionally low for an extended period as it has promised. The Labor Department on Wednesday said the index for prices paid at the farm and factory gate fell 0.6 percent, the largest decline since July, after increasing 1.4 percent in January. Even excluding volatile energy and food costs, core producer prices rose just 0.1 percent last month.
Price producer price pressure is pretty moderate.
Mar 17 · 11:01:00 AM
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by Larry Etter
Dell (DELL)
Dell has introduced new system management features as well as new Dell PowerEdge servers to address the evolving technology demands of large enterprises, small-to-medium-sized businesses and public organizations. Dell is introducing nine PowerEdge blade, rack-mount and tower servers and three Dell Precision tower workstations updated with the new Intel Xeon 5600 “Westmere-EP” series of processors, as well as new enhancements to Dell Lifecycle Controller and Dell Management Console (DMC).
These hardware and software solutions will offer customers management capabilities while providing IT platforms for virtualization, server consolidation, mission critical business and database applications.
Mar 17 · 10:54:00 AM · Source: Company Press Release
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by Larry Etter
Microsoft (MSFT)
Microsoft has unveiled its Internet Explorer 9 Platform Preview, including expanded support for HTML5, hardware-accelerated graphics and text, and a new JavaScript engine.
Together these allow developers to use the same markup and deliver graphically and functionally rich Web applications that take advantage of modern PC hardware through a modern operating system.
Mar 17 · 10:51:00 AM · Source: Company Press Release
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by Larry Etter
Intel (INTC)
Honoring the next generation of American innovators, Intel Corporation and Society for Science & the Public today announced the winners of America's oldest and most prestigious pre-college science competition, the Intel Science Talent Search. Erika DeBenedictis, 18, of Albuquerque, N.M., won the top award of $100,000 from the Intel Foundation for her project developing a software navigation system to help improve spacecraft travel through the solar system.
Mar 17 · 10:49:00 AM · Source: Company Press Release
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by Larry Etter
IBM (IBM)
IBM today unveiled new System x servers that offer increased memory and can help improve efficiency to allow customers to better exploit virtualization and support more sophisticated workloads.
These new products mean IBM has completely revamped its line up of two-socket x86 servers
Mar 17 · 10:47:00 AM · Source: Company Press Release
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by Larry Etter
Continental Airlines (CAL)
Continental Airlines (NYSE:CAL) said Monday it will charge for meals on many of its U.S., Canada and Latin American routes starting in fall, according to MarketWatch. However, the airline will continue to offer complimentary food in economy class on all intercontinental flights and domestic routes over six hours.
The airline is continuing to invest in services and amenities that customers value. For instance, Continental is deploying DIRECTV live television service and new flat-bed BusinessFirst seats. GoGo inflight internet service will make its debut on Continental later this year.
Mar 16 · 12:35:00 PM · Source: MarketWatch
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by Steve Wieczorek
AMR (AMR)
The safety record of American Airlines (NYSE:AMR) was in the limelight again Monday after the Federal Aviation Administration proposed fining the parent company AMR Corp. $787,500 for maintenance violations, according to MarketWatch. The fines cover three incidents that involved deferred maintenance on a broken secondary flight control system, as well as failure to properly inspect rudder components on four Boeing 757 jets, and then flying the planes despite knowledge of the error. American was also accused with not completing full maintenance of an MD-82 aircraft before returning it to service.
Last month there were reports that American Airlines faced millions in civil penalties for lapsed safety standards, with the Department of Transportation blaming the FAA with complacency. When the cost of doing business increases at an airline, trends show that the invisible sections, such as maintenance sometimes do not receive the attention they require. This is a section of the business that should not be taken lightly.
Mar 16 · 12:24:00 PM · Source: MarketWatch
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by Steve Wieczorek
JetBlue Airways Corporation (JBLU)
JetBlue Airways (Nasdaq: JBLU) today announces an increase from two to four daily nonstop flights from New York's John F. Kennedy International Airport (JFK) to Los Angeles International Airport (LAX) beginning July 1, 2010, providing more options and more value to coast-to-coast travelers. In addition to its LAX service, JetBlue offers the only nonstop service from the East Coast to two other L.A. Basin airports: Burbank and Long Beach.
JetBlue and other LCC, low cost carriers, continue to take market share from the legacy carriers. Being more nimble and operating with a defined fleet, that is a single manufacturer and type, JetBlue can provide superior service with greater profit per available seat mile.
Mar 16 · 12:12:00 PM · Source: Company Press Release
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by Steve Wieczorek
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