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Stock Market & Financial Investment News

News Breaks
April 7, 2014
10:32 EDTUAL, AAL, DAL, JBLUAirline stocks rally after Goldman ups sector rating
Airline stocks are rising in a down market after Goldman Sachs raised its rating on the sector to Attractive from Neutral. WHAT'S NEW: Although airline stocks have already outperformed the market, it's not too late for investors to get involved in the sector, Goldman wrote in a note to investors earlier today. Not yet priced into the stock are higher ticket prices, more crowded planes, and a recovering U.S. consumer, according to the firm. It initiated coverage of American Airlines (AAL) with a Buy rating and upgraded its rating on JetBlue (JBLU) to Neutral from Sell. Goldman kept Buy ratings on Delta (DAL) and United Continental (UAL). PRICE ACTION: In mid-morning trading, American Airlines rose 1.25% to $37, JetBlue added 0.6% to $8.80, Delta gained 2% to $35.30, and United Continental lost 0.5% to $44.65.
News For AAL;JBLU;DAL;UAL From The Last 14 Days
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February 23, 2015
16:17 EDTUAL, JBLU, DAL, AALBuckeye Partners reduces FY14 revenue by $40M due to settlement discussions
Buckeye Partners (BPL) announced revisions to its financial results for Q4 and FY14 due to a recent development. As has been previously disclosed, commencing in September 2012, Delta Air Lines (DAL), JetBlue (JBLU), United/Continental Air Lines (UAL), US Airways, and American Airlines (AAL) filed complaints with the Federal Energy Regulatory Commission challenging rates for transportation of jet fuel from New Jersey to three New York City area airports charged by Buckeye Pipe Line Company, an operating subsidiary of Buckeye. The Airlines are seeking payments for alleged past excessive charges and prospective tariff rate reductions. As the litigation has progressed, BPLC and the Airlines have continued to pursue settlement discussions. Due to positive developments in those settlement discussions subsequent to Buckeye's issuance of its 2014 earnings on Friday, February 6, Buckeye has recorded a reduction in revenue in the amount of $40M for the year ended December 31, 2014 in accordance with applicable accounting guidance regarding contingencies. This reduction in revenue is a one-time charge; therefore, Adjusted EBITDA and distributable cash flow for 2014 remain as reported on February 6th. The $40M is based upon a settlement offer made by BPLC to satisfy the claims for alleged past excessive charges through December 31, 2014, which offer has not been accepted by the Airlines. "While we continue to pursue settlement of this matter, we are not able to predict with certainty the final outcome of the proceeding, should it be carried through to its conclusion, or whether we can reach a satisfactory settlement and, if so, whether or not it will be on more or less favorable terms," the company said.
14:58 EDTDAL, AALDelta, American among airlines interested in Skymark tie-up, Nikkei says
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10:55 EDTDALStocks with call strike movement; TSLA DAL
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10:51 EDTAALStocks with call strike movement; FEYE AAL
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February 22, 2015
18:07 EDTAALAmerican Airlines shares could continue 50% higher, Barron's says
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February 20, 2015
17:20 EDTUALUnited Continental says cooperating with government investigation
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February 19, 2015
09:59 EDTUAL, JBLUOn The Fly: Analyst Initiation Summary
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February 18, 2015
17:51 EDTAALAmerican Airlines reinstated with a Buy at BofA/Merrill
Target $64.
17:50 EDTDALDelta Air Lines reinstated with a Buy at BofA/Merrill
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17:28 EDTJBLUJetBlue initiated with a Buy at BofA/Merrill
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17:27 EDTUALUnited Continental initiated with a Neutral at BofA/Merrill
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05:15 EDTJBLUJetBlue says Lufthansa incentive order will have no impact on share count
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February 17, 2015
17:02 EDTUALSoros Fund Management gives quarterly update on stakes
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13:18 EDTUALOmega Advisors gives quarterly update on stakes
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07:24 EDTUALExecutives' Club of Chicago to hold a breakfast meeting
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February 13, 2015
18:47 EDTUALUnited Continental to eliminate approximately 1,150 jobs, Reuters says
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17:52 EDTDALThird Point gives quarterly update on stakes
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17:05 EDTDALAppaloosa gives quarterly update on stakes
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16:21 EDTJBLUJetBlue said to drop American Express in favor of MasterCard, Bloomberg reports
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09:01 EDTDALDelta Air Lines employees to receive profit sharing as part of $1.1B payout
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