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Stock Market & Financial Investment News

News Breaks
July 2, 2014
12:25 EDTEXPE, DALStocks with call strike movement; DAL EXPE
Delta Air Lines (DAL) December 44 call option implied volatility increased 4% to 35, Expedia (EXPE) January 89 call option implied volatility increased 2% to 36 according to IVolatility.
News For DAL;EXPE From The Last 14 Days
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July 1, 2015
14:28 EDTDALAirlines fall after Justice Department said to probe possible collusion
Major U.S. airline stocks are dropping precipitously in intraday trading following a report of a Justice Department investigation into potential "unlawful coordination" between companies attempting to artificially limit growth to keep fares high. WHAT'S NEW: The Associated Press has obtained a document showing that the U.S. Justice Department is investigating whether major airlines might be colluding to slow their growth in order to maintain high airfares. A spokesperson for the Department confirmed that it is probing airlines over possible "unlawful coordination," though she did not name specific companies in the sector. WHAT'S NOTABLE: Today's report of possible collusion within the industry follows a period of volatility among airline stocks in late May and early June on concerns over undisciplined capacity growth and price competition. Following some recovery in the stocks, a Barron's cover story on June 20 predicated a potential 15%-50% upside in airlines and specifically cited high fares. PRICE ACTION: Shares of American Airlines (AAL), Delta Air Lines (DAL), Southwest (LUV), United Continental (UAL) and JetBlue (JBLU) are all down over 4.5% in afternoon trading and continue to drop.
13:57 EDTDALDOJ investigating whether airlines colluding on fares, AP reports
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11:37 EDTDALStocks with call strike movement; TSLA DAL
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10:28 EDTEXPEOptions with increasing implied volatility
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07:47 EDTEXPEExpedia waiving certain clauses in deals with European hotel partners
The Expedia group announced that it intends to waive certain clauses in its agreements with its European hotel partners.A number of European competition authorities are currently investigating rate, conditions and availability parity clauses in certain online travel agency agreements with hotels. Expedia has worked closely and constructively with these authorities and the European Commission and today announced that it is waiving its rate, conditions and availability parity clauses with its hotel partners for a period of five years in line with Clauses 1.1, 1.2 and 2.1 of the formal commitments offered by Booking.com and accepted by the national competition authorities in France, Italy and Sweden in April 2015. The changes announced today apply to all hotel properties in Europe and affect consumers booking via Expedia’s sites worldwide. Expedia’s waivers will become effective as of August 1 and Expedia will contact its hotel partners in Europe individually to communicate this announcement and how it intends to implement the changes announced today.While Expedia maintains that its current rate, conditions and availability parity clauses are lawful and in compliance with competition law, Expedia considers that today’s announcement is a positive step towards facilitating the closure of the open investigations into such clauses on a harmonised pan-European basis.
June 30, 2015
11:07 EDTEXPEPriceline rises after analysts highlight positive travel trends
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07:41 EDTEXPEOnline travel trends point to solid Q2, says Piper Jaffray
Piper Jaffray analyst Michael Olson said analysis of travel industry trends through May point to a "solid" second quarter for online travel, noting his belief that Priceline (PCLN) has the most favorable risk/reward in the space given the stock's underperformance so far this year. In addition to an Overweight rating on Priceline, Olson keeps an Overweight on HomeAway (AWAY) and TripAdvisor (TRIP), but has a Neutral rating on Expedia (EXPE), citing its relative valuation.
June 25, 2015
07:12 EDTEXPEExpedia Q2 trends positive, says Cantor
After conducting checks, Cantor says that hotel rates in Europe and the U.S. are improving, while Internet metrics look favorable for Expedia. The firm keeps a $120 price target and Buy rating on the stock.
07:00 EDTDALDelta granted temporary space at Dallas airport by Southwest, Reuters reports
While Southwest Airlines (LUV) and Delta Air Lines (DAL) await a resolution of their dispute in court, Southwest is allowing Delta to continue operating five daily flights between Dallas Love Field Airport and Atlanta, reported Reuters, citing a Delta spokeswoman. A gate-sharing pact between the two is set to expire on July 6, the report noted. Reference Link
June 24, 2015
08:05 EDTDALDelta Air Lines signs sponsorship deal with the U.K.'s Chelsea Football Club
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June 23, 2015
09:36 EDTDALActive equity options trading on open
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07:56 EDTDALDetroit Economic Club to hold a meeting
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07:11 EDTDALDelta Air Lines coverage assumed with an Overweight at Morgan Stanley
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June 22, 2015
10:46 EDTEXPEAirbnb to hurt Priceline more than Expedia, Deutsche Bank says
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10:00 EDTEXPEOn The Fly: Analyst Upgrade Summary
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09:42 EDTDALDelta Air Lines $2 fare increase failed, says JPMorgan
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07:19 EDTEXPEExpedia upgraded to Buy from Hold at Deutsche Bank
Deutsche Bank upgraded Expedia (EXPE) to Buy citing an improving core business and cost synergies from acquisitions. The firm sees a path for Expedia to reach $200 per share over the next five year. It raised its price target for the stock to $130 from $95. Deutsche coupled the upgrade with a downgrade of Priceline (PCLN).
07:19 EDTDALAirlines focusing on upgraded in-flight web services, WSJ reports
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07:17 EDTEXPEPriceline downgraded to Hold from Buy at Deutsche Bank
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06:42 EDTEXPEExpedia upgraded to Buy from Hold at Deutsche Bank
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