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Stock Market & Financial Investment News

News Breaks
February 7, 2013
08:06 EDTHOT, DALDelta, Starwood Hotels introduce joint loyalty partnership
Delta Air Lines (DAL) and Starwood Hotels (HOT) announced a comprehensive new partnership that offers exclusive new benefits to Delta SkyMiles Medallion members and Starwood Preferred Guest elite members. The program, called Crossover Rewards, begins March 1 and provides elite members of both loyalty programs reciprocal benefits.
News For DAL;HOT From The Last 14 Days
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November 21, 2014
06:18 EDTDALRolls-Royce wns $5B Trent order for 50 aircraft from Delta Air Lines
Rolls-Royce (RYCEY) has won a $5B order for Trent engines and long-term TotalCare service support from Delta Air Lines (DAL) to power 50 new aircraft. Trent XWB engines will power 25 Airbus (EADSY) A350s and Trent 7000 engines will power 25 Airbus A330neo aircraft.
05:14 EDTHOTStarwood sells Sheraton on the Park in Sydney, Australia for $399M
Starwood Hotels announced it has sold Sheraton on the Park in Sydney, Australia to Sunshine Insurance Group Corporation for $399M. Starwood will continue to operate the hotel as a Sheraton under a long-term management contract.
November 20, 2014
18:02 EDTHOTStarwood declares special dividend of 65c per share
Starwood declared a special dividend of 65c per share. The special dividend will be payable on December 29 to stockholders of record on December 8.
15:35 EDTDALDelta Air Lines confirms order for 25 Airbus A350-900, 25 A330neo aircraft
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07:44 EDTDALDelta near deal for 50 Airbus wide-body jets, Bloomberg reports
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November 18, 2014
11:07 EDTDALStocks with call strike movement; DAL FB
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11:00 EDTHOTFibraHotel buys Monterrey, Mexico hotel from Starwood
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07:29 EDTHOTDeutsche Bank to hold a conference
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November 17, 2014
10:02 EDTHOTOn The Fly: Analyst Downgrade Summary
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06:05 EDTHOTStarwood downgraded to Neutral from Buy at UBS
UBS downgraded Starwood Hotels to Neutral on signs that RevPAR growth peaked in Q3. The firm adds that Starwood has the most exposure to the slowing high end of the market. It lowered its price target for shares to $79 from $86.
November 14, 2014
17:13 EDTDALAppaloosa gives quarterly update on stakes
NEW STAKES: NXP Semiconductors (NXPI), Lorillard (LO), Alibaba (BABA), and Shire (SHPG). INCREASED STAKES: Whirlpool (WHR), Priceline (PCLN), Delta (DAL), CBS (CBS), and General Motors (GM). DECREASED STAKES: American Airlines (AAL), Disney (DIS), Apple (AAPL), MGM Resorts (MGM), and Eastman Chemical (EMN). LIQUIDATED STAKES: Expedia (EXPE), AIG (AIG), Prudential (PRU), Celanese (CE), and ASML Holding (ASML).
November 13, 2014
14:50 EDTDALLonestar Capital to shut down by mid-2015, WSJ reports
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14:45 EDTDALLonestar capital to shut down, DJ reports
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10:44 EDTDALDelta Air Lines sees annual EPS growth 10%-15% after 2014
Says on track to produce over $4B in pre-tax income in 2014. Long term goals include: annual EPS growth of 10%-15% after 2014, 11%-14% operating margins, 15%-18% ROIC, $6B annual operating cash flow, $3B free cash flow, $5B adjusted net debt by 2016 and pension at 80% funded status by 2020. Says Fleet will have ~125 50-seat regionals by 2015, down from nearly 500 at the merger. At $5B debt target, 2017 interest expense expected to be nearly $1B lower than 2009. Says debt reduction remains a priority. Plans to return over $1B to shareholders in 2014, says $2B repurchase plant o be completed no later than December 31, 2016. Comments from slides that will be presented at the Goldman Sachs Industrials Conference.

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