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Stock Market & Financial Investment News

News Breaks
March 28, 2012
06:15 EDTJBLU, SKYW, GS, AMR, DAL, LUV, RIG, HA, ALK, LCC, FB, UALOn the Fly: Periodicals Wrap-Up
WALL STREET JOURNAL: The FBI's top cyber cop offered a grim view of the nation's efforts to keep computer hackers from plundering corporate data networks: "We're not winning," said Shawn Henry, the Wall Street Journal reports...Goldman Sachs Group (GS) agreed to change its board structure in order to persuade a union pension fund to drop a shareholder proposal that could have cost CEO Blankfein his job as chairman, the Wall Street Journal reports...The Airlines for America trade group representing the largest U.S. carriers called on the Obama administration to take action against the EU in a bid to end the bloc's carbon trading market, the Wall Street Journal reports...REUTERS: Facebook (FB) CEO Zuckerberg wants about $5B from Wall Street investors, but they won't see much of him, and it could become an issue because of the control he exerts over Facebook via special shares, Reuters reports...BLOOMBERG: Transcoean (RIG), the world’s biggest owner of offshore rigs, stands to benefit the most this year from a surge in demand as rental rates for ultra-deep-water rigs should climb 28% to a record $714,000, Bloomberg reports.
News For LUV;SKYW;LCC;DAL;JBLU;ALK;AMR;UAL;HA;GS;FB;RIG From The Last 14 Days
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May 14, 2015
06:04 EDTGSUnivision IPO could launch 'in weeks,' NY Post reports
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May 13, 2015
19:42 EDTDALDelta Air Lines shares can rise 50%, Barron's says
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16:06 EDTFBOptions Update; May 13, 2015
iPath S&P 500 VIX Short-Term Futures down 38c to 20.67. Option volume leaders: AAPL CSCO NTI FB CSX BABA EIX BAC DD WMB TSLA JCP QCOM DAL
15:51 EDTLUVSouthwest, Meteorologists reach tentative contract agreement
Southwest Airlines and the Transport Workers Union of America 550, which represents the company's Meteorologists, announce they have reached a tentative agreement on the group's first-ever contract. Terms of the four-year deal include adjusted wage-scale step increases, as well as opportunities for bonuses that are linked to individual and company performances. The agreement carries an amendable date of June 1, 2019, and is subject to membership ratification.
12:39 EDTDALOn The Fly: Top stock stories at midday
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12:13 EDTGSGoldman Sachs management to meet with MKM Partners
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12:01 EDTRIGStocks with call strike movement; TWTR RIG
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11:20 EDTLUVSouthwest CEO says balance sheet, liquidity remain strong
Gary Kelly, Chairman of the Board, President, and CEO, stated: "Our balance sheet and liquidity remain strong with cash and short-term investments of approximately $3.2 billion, and a fully available unsecured revolving credit line of $1 billion. We remain the only investment grade U.S. airline by all three credit agencies. Our debt levels are modest, and we continue to prudently manage our invested capital."
11:18 EDTLUVSouthwest sees FY15 ASM growth approximately 7%; FY16 ASM growth 6%-7%
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11:15 EDTLUVSouthwest sees FY15 CapEx approximately $1.8B
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11:12 EDTLUVSouthwest raises dividend 25%, announces new $1.5B share repurchase plan
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11:10 EDTLUVSouthwest raises dividend 25%, announces new $1.5B share repurchase plan
09:56 EDTDALEquity options with increasing volume
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09:50 EDTDALDelta Air Lines rallies after boosting dividend, buyback program
Shares are up over 3.5% to $47.72 at time of writing. At that price next resistance is at $49.19. Support is at $47.28.
09:34 EDTDALDelta Air Lines raises 2015-2017 EPS growth outlook to 15%-plus
Delta Air Lines in presentation slides raised its 2015-2017 earnings growth outlook to 15%-plus from 10%-15%. Delta raised its 2015-2017 operating margin guidance to 14%-16% from 11%-14%. It sees return on invested capital 20%-25% versus a prior outlook of 15%-18%. The airliner also raised its operating cash flow outlook to $7B-$8B from $6B. "Strong progress drives the third upward revision to our targets in three years," Delta said in the slides. It added, "Strong operating cash flow, combined with disciplined capital spending, produces sustainable free cash flow of $4-5 billion annually."
09:21 EDTDALOn The Fly: Pre-market Movers
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08:21 EDTFBFormer FCC chairman hired by Facebook to manage access efforts, Bloomberg says
Kevin Martin, the former chairman of the FCC who has been consulting for Facebook the past two years, is joining on a permanent basis as the company's VP for mobile and global access policy, reported Bloomberg. Facebook also announced that Chief Privacy Officer Erin Egan will start serving a dual role as VP of U.S. Public Policy, the report added. Reference Link
07:13 EDTDAL, JBLUBofA/Merrill to hold a conference
2015 Transportation Conference is being held in Boston on May 13-14.
07:04 EDTDALDelta Air Lines to return additional $6B to shareholders through 2017
Delta's board announced a new $5B share repurchase program, to be completed no later than December 31, 2017. In addition, the company's quarterly dividend will increase by 50% to 13.5c per share beginning in the September 2015 quarter. These two programs are expected to return more than $6B to shareholders through 2017. The company also announced that it is on track to complete the remaining $725M of its prior $2 billion share repurchase authorization by June 30. When this authorization is completed, Delta will have returned a total of $3B in dividends and share repurchases since announcing its initial program two years ago. Going forward, the company intends to return at least 50% of free cash flow to shareholders through 2017. The new $5B repurchase authorization and 50% increase to the quarterly dividend approved by Delta's board are expected to return more than $6B to shareholders through 2017. Delta ended the March 2015 quarter with $7.4B of adjusted net debt, a reduction of $2B since the end of 2013 and roughly $10B since the company began its debt reduction efforts in 2009. The company has set a target to achieve and maintain $4B of adjusted net debt by year end 2017. This debt level is expected to result in annual net interest expense of ~$200M, a $1.1B reduction compared to 2009. Since 2009, Delta has increased its pension plan assets by $1.7 billion, net of $5.2 billion in distributions, through a combination of contributions and asset returns. The company plans to maintain its current $1 billion annual funding level through 2020, with a goal of achieving 80% funded status by that date. Delta made a one-time additional $200M contribution in 2015, for a total contribution of $1.2B for the year, to keep the company on track to achieve its 2020 target.
06:22 EDTFBFacebook introduces Instant Articles, says working with nine launch partners
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