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Stock Market & Financial Investment News

News Breaks
December 11, 2012
08:11 EDTDALCorrection: Delta to invest $360M in acquiring 49% stake in Virgin Atlantic
Delta Air Lines and Virgin Atlantic Airways have reached an agreement for a new joint venture that will create an expanded trans-Atlantic network and enhance competition between the U.K. and North America, offering greater benefits for customers traveling on those routes. As part of this joint venture agreement, Delta will invest $360M in Virgin Atlantic, acquiring a 49% stake currently held by Singapore Airlines. Virgin Group and Sir Richard Branson will retain the majority 51% stake and Virgin Atlantic Airways will retain its brand and operating certificate. Delta also will begin introducing in-flight WiFi service on international flights beginning in 2013. This corrects previous story that said Delta will acquire 49% stake in Singapore Airlines.
News For DAL From The Last 14 Days
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February 12, 2016
07:02 EDTDALDelta Air Lines employees receive their portion of $1.5B profit sharing
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February 4, 2016
14:10 EDTDALNew Delta CEO signals no change to business plan, WSJ reports
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February 3, 2016
16:40 EDTDALDelta says CEO Anderson to be executive chairman, Bastian named CEO, West COO
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February 2, 2016
13:00 EDTDALDelta says software outage led to two dozen flight delays, CNBC reports
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09:02 EDTDALDelta Air Lines reports January PRASM down 3%
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February 1, 2016
06:41 EDTDALBrazil mulls removing foreign stake limit for airlines, Reuters reports
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