Market News

Southwest Airlines (LUV)

Southwest Airlines Co. said fourth-quarter profit rose 13 percent to $131 million, or 18 cents a share, from $116 million, or 16 cents, a year earlier, Excluding one-time costs, the airline had a profit of 15 cents a share, meeting the average of 14 analyst estimates compiled by Bloomberg.
The results show more people are flying as economy improves.

Jan 20 · 4:44:00 PM
Track · email · face · Twitter · digg · COMMENTS
by Larry Etter

GE (GE)

GE Capital, Franchise Finance announced today that it is providing $15.3 million in financing to a large Hardee’s® franchisee, Paradigm Investment Group, LLC. The credit facility includes a $10.3 million term loan and a $5 million development line of credit.

Jan 20 · 4:12:00 PM
Track · email · face · Twitter · digg · COMMENTS
by Larry Etter

GE (GE)

GE's GE Transportation has announced a Letter of Intent (LOI) with China's Ministry of Railways valued at $1.4 billion, including $350 million for export in locomotives, locomotive sub-assembly kits, service support and railway signaling systems.
These exports have the potential to sustain or create approximately 2,000 high-tech manufacturing jobs in the U.S.

Jan 20 · 4:08:00 PM
Track · email · face · Twitter · digg · COMMENTS
by Larry Etter

Southwest Airlines (LUV)

Southwest Airlines's CEO said Thursday he would be comfortable operating three different aircraft types. Southwest is the largest 737 customer with a fleet of almost 550, and will acquire Boeing's smaller 717 plane when it buys AirTran Holdings Inc. (AAI), a deal seen closing in the second quarter.
This move intensifies pressure on Boeing Co. to decide whether to revamp its best-selling 737 or replace it with an all-new plane.

Jan 20 · 3:54:00 PM
Track · email · face · Twitter · digg · COMMENTS
by Larry Etter

US Airways (LCC)

UAL Corporation (NASDAQ:UAUA0, the parent of United Airlines, and US Airways (NYSE:LCC) are in talks to merge, in a potential deal that would create one of the world’s largest airlines, people briefed on the matter told the New York Times DealBook on Wednesday. United and US Airways are deep in their merger discussions, though a transaction is not expected to be announced for at least several weeks.
Terms of the deal could not be learned. One issue being worked on is the management structure of the combined company. With both leisure and business travel down steeply, many analysts have argued that the United States still has too many airlines chasing too few passengers.

Apr 7 · 9:09:00 PM · Source: The New York Times
Track · email · face · Twitter · digg · COMMENTS
by Steve Wieczorek

Previous · Next