Market News
J.P. Morgan (JPM)
Chase announced today that it will provide additional help to struggling homeowners by joining the second-lien program of the federal government's Home Affordable Modification Program. The Second-Lien Modification Program, known as 2MP, is designed to work in tandem with HAMP to lower homeowners' payments on both their first and second mortgages.
Mar 23 · 10:48:00 AM · Source: Company Press Release
Track · email · face · Twitter · digg · COMMENTS
by Larry Etter
Gol Linhas Aereas Inteligentes S.a. (GOL)
GOL Linhas Aéreas Inteligentes S.A. (NYSE: GOL), Brazil, the largest low-cost and low-fare airline in Latin America, announced today the conclusion of the expansion work on its Aircraft Maintenance Center, in Confins (Minas Gerais), where the company carries out heavy airframe maintenance.
Between January and December 2009, Gol had 41.37% of the domestic and 13.40% of the international market share in terms of passengers/km in Brazil. The airline was established in 2000 and started operations on January 15, 2001.
Mar 22 · 10:03:00 AM · Source: Company Press Release
Track · email · face · Twitter · digg · COMMENTS
by Steve Wieczorek
Delta Air Lines (DAL)
Delta Air Lines (NYSE:DAL) will expand its service out of O'Hare International Airport starting June 10, offering 11 daily flights to New York's LaGuardia Airport, according to Chicago Breaking Business News. The service on Delta's business shuttle will replace existing, less-frequent flights between LaGuardia and Chicago's Midway Airport. Delta is stepping up the competition on a key business route, as United and other airlines pare capacity to New York.
Flights on this route will be operated with Embraer 175 regional jets, equipped with 12 first-class seats and 64 in economy class. Both cabins are configured with no middle seats. As reported in MarketBeast previously, Delta, along with many of its rival legacy carriers continue to look at ways to become profitable. Here we see Delta looking to its regional partners to reduce operational and overhead costs. One of the important things to look for is how closely Delta will monitor and manage its regional partners, safety being its biggest concern.
Mar 22 · 9:36:00 AM · Source: Chicago Breaking Business News
Track · email · face · Twitter · digg · COMMENTS
by Steve Wieczorek
China Eastern Airlines (CEA)
The merger of China Eastern Airlines (NYSE:CEA) and Shanghai Airlines will save 680 million yuan of investment for the new China Eastern this year, noted Ma Xulun, general manager of China Eastern, according to iStockAnalyst.
Ma said that the two airlines' business restructuring is progressing. So far the marketing, IT, and ground service businesses have been basically completed. The restructuring program for the cargo and logistics business is still being formulated. The airline industry worldwide, continues to redesign itself in hopes of creating a more profitable and more efficient transportation industry.
Mar 22 · 9:22:00 AM · Source: iStockAnalyst
Track · email · face · Twitter · digg · COMMENTS
by Steve Wieczorek
AMR (AMR)
American Airlines (NYSE:AMR) took the biggest dive of the day. The US Federal Aviation Administration (FAA) proposed over $1 million in fines against the carrier, for alleged safety violations, according to the Centre for Asia Pacific Aviation. The proposed fines cover four separate instances where the FAA alleges that American was negligent in either maintaining aircraft or following proper maintenance procedures.
The fines come only weeks after the FAA commented that it was considering a record high $20 million in penalties against American. American Airlines stated it is reviewing the fines and will meet with the FAA to discuss the situation.
Mar 22 · 8:56:00 AM · Source: Centre for Asia Pacific Aviation
Track · email · face · Twitter · digg · COMMENTS
by Steve Wieczorek
CPI
Tthe Consumer Price Index was unchanged in February, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the index increased 2.1 percent before seasonal adjustment.
Monthly consumer price inflation hasn't been this low since March of last year
Mar 18 · 11:36:00 AM · Source: Company Press Release
email · face · Twitter · digg · COMMENTS
by Larry Etter
Unemployment
Less Americans filed first-time claims for jobless benefits last week for the third consecutive time, the Labor Department reported today. The advance figure for seasonally adjusted initial claims was 457,000, a decrease of 5,000 from the previous week's unrevised figure of 462,000. The 4-week moving average was 471,250, a decrease of 4,250 from the previous week's unrevised average of 475,500.
This is a sign the labor market is gradually improving along with the economy.
Mar 18 · 11:33:00 AM · Source: Company Press Release
email · face · Twitter · digg · COMMENTS
by Larry Etter
Sprint Nextel (S)
Sprint (NYSE:S) and Axeda Corporation announced today an alliance to make it easier, faster and more cost-efficient for businesses to take machine-to-machine (M2M) solution ideas from concept to completion and deliver connected products using the Sprint 3G network and the Axeda(R) Platform.
Mar 18 · 11:24:00 AM · Source: Company Press Release
Track · email · face · Twitter · digg · COMMENTS
by Larry Etter
Previous · Next
Advertisement