Market News
United Parcel Service (UPS)
United Parcel Service is laying off some of its pilots in Anchorage, the company said Tuesday according to the Anchorage Daily News. The Georgia-based company would not provide details Tuesday on how many pilots in Alaska are being laid off, but said worldwide 300 UPS pilots will be furloughed between now and 2011.
UPS said it has more pilots than it needs to operate its airline fleet, which is flying fewer flights than it did three years ago due to the global economic recession. The company said it is also flying fewer aircraft. "We have about 2,800 pilots and we only need 2,500," said company spokesman Michael Mangeot.
Mar 24 · 12:46:00 PM · Source: Anchorage Daily News
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by Steve Wieczorek
Housing
The Commerce Department today reported that new-home sales slipped 2.2% to an annual pace of 308,000, seasonally adjusted, which is the lowest rate since the government began tracking the data in 1963. The rate of sales is down 13% compared to February 2009
Bad weather may have impacted sales.
Mar 24 · 11:58:00 AM
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by Larry Etter
Housing
Sales of previously owned U.S. homes fell slightly in February, The National Association of Realtors said. Sales fell 0.6 percent month-over-month to an annual rate of 5.02 million units, the third straight month of declines in sales. January's sales were unrevised at 5.05 million units.
This points to the fragile nature of the housing market's recovery
Mar 23 · 11:16:00 AM
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by Larry Etter
Sprint Nextel (S)
Motorola, Inc. and Sprint announced the Motorola i1, the world's first push-to-talk Android(TM)-powered smartphone. The Motorola i1 is the first iDEN device to carry the features of a modern smartphone including a 3.1-inch touch screen, Wi-Fi(R), optimized browsing experience with the latest Opera Mini 5 browser, access to thousands of apps and a push-to-talk experience that includes new features. Sprint will begin offering Motorola i1 this summer.
Mar 23 · 11:06:00 AM · Source: Company Press Release
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by Larry Etter
AT&T (T)
AT&T announced a new AT&T “Choice” bundle that startsat $99 a month for qualifying services and provides a combination of TV, high speed Internet, home phone or wireless voice service — an option not available in most cable bundles. Bundles can include DVR and DVR service, plus a one-year price guarantee and significant monthly savings.
Mar 23 · 11:01:00 AM · Source: Company Press Release
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by Larry Etter
E*TRADE Financial (ETFC)
E*TRADE FINANCIAL Corporation announced its board has appointed Steven Freiberg CEO, effective April 1, 2010. Mr. Freiberg, an experienced financial services executive, has held multiple senior level positions over a distinguished 30-year career at Citigroup. Mr. Freiberg, who also will join the Company's Board of Directors, succeeds interim CEO Robert Druskin. Mr. Druskin will remain on the Board, continuing in his role as Chairman.
Mar 23 · 10:58:00 AM · Source: Company Press Release
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by Larry Etter
AFLAC (AFL)
Aflac said it is enhancing its life insurance policies to provide policyholders with extra benefits and the ability to take their policies with them if they change jobs.
Mar 23 · 10:56:00 AM · Source: Company Press Release
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by Larry Etter
Morgan Stanley (MS)
Morgan Stanley Investment Management (MSIM) said that Morgan Stanley Alternative Investment Partners (AIP) raised $370 million in commitments for Morgan Stanley AIP Phoenix Global Real Estate Secondaries 2009 LP (Phoenix), a fund dedicated to acquiring secondary interests in opportunistic and value-added private equity real estate funds. The capital raised exceeded AIP's initial $250 million target.
Mar 23 · 10:52:00 AM · Source: Company Press Release
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by Larry Etter
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