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October 25, 2013
08:03 EDTUALUnited Continental downgraded to Underweight from Neutral at JPMorgan
JPMorgan downgraded United Continental to Underweight citing a reduced 2014 earnings outlook following the company's "discouraging" Q4 guidance. The firm lowered its price target for shares to $25 from $32.50.
News For UAL From The Last 14 Days
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October 9, 2015
16:32 EDTUALOn The Fly: Top stock stories for Friday
Stocks on Wall Street finished the session higher, with the Nasdaq, Dow and the S&P 500 finishing higher than Thursday's closing level. Despite the lackluster trading in the last day of the week, the averages enjoyed one of their best weekly performances of the year. Still, investors remain cautious on the upcoming earnings season, and that caution was not dispelled by the worse than expected report from Alcoa (AA) last night. Next week's earnings calendar is dominated by banking and insurance, but at the same time earnings will also be reported by high-fliers such as Netflix (NFLX) and old line tech such as Intel (INTC). ECONOMIC EVENTS: In the U.S., import prices slid 0.1% in September, while export prices declined 0.7%. Wholesale inventories edged up 0.1% in August, while sales fell 1.0%. COMPANY NEWS: Shares of Alcoa declined 76c, or 6.86%, to $10.26 after it unofficially kicked off the earnings season by reporting lower than expected revenue and profits... Shares of Tesla (TSLA) fell $6.04, or 2.67%, to $220.68 after Barclays analyst Brian Johnson downgraded the stock to Underweight, his firm's equivalent of a sell rating, saying it may be "challenged in the months ahead" with negative data points emerging. The analyst, who believes the "slow" Model X ramp supports his view that Tesla will "significantly miss" its 2015 delivery guidance, cut his price target for the electric car maker's shares to $180 from $190. MAJOR MOVERS: Among the notable gainers was SolarWinds (SWI), which gained $5.61, or 13.4% , to $47.49 after the company confirmed a Reuters report that it has commenced a review of its strategic alternatives. According to the news service, the company has already held talks with several private equity firms about a potential leveraged buyout. Also higher were shares of two major airlines, American Airlines (AAL) and United Continental (UAL), which rose 6.74% and 6.67% after reporting on their September traffic. American said its traffic rose 7.2% in September, while United reported that its traffic increased 1.4% last month. Among the noteworthy losers was Ruby Tuesday (RT), which fell 80c, or 12.12%, to $5.80 after the casual dining restaurant operator reported lower than quarterly sales and profits. Also lower was GAP (GPS), which sunk to a fresh 52-week low of $26.50 during the session after reporting last night that its comparable store sales were down 1% in September. Shares of the apparel retailer, which owns its namesake brand as well as Old Navy and Banana Republic, closed the day down $1.53, or 5.3%, at $27.42. INDEXES: The Dow rose 33.74, or 0.2%, to 17,084.49, the Nasdaq gained 19.68, or 0.4%, to 4,830.47, and the S&P 500 rose 1.46, or 0.07%, to 2,014.89.
05:58 EDTUALUnited Continental sees Q3 consolidated capacity up 2.1%
Sees Q3 consolidated PRASM down 5.5%-6%. Sees Q2 consolidated CASM excluding items down 1%-1.5%. Sees Q3 gross CapEx $695M-$715M. Sees Q3 pre-tax margin to be between 16%-17%.
October 8, 2015
17:11 EDTUALUnited reports September traffic up 1.4% YoY
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October 2, 2015
09:47 EDTUALUnited Airlines fails to reach pact with Teamster maintenance technicians
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October 1, 2015
15:40 EDTUALDirect scheduled U.S-Cuba commercial flights not likely this year, WSJ says
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06:44 EDTUALSouthwest defends Dallas Love Field gate purchase, AP reports
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06:14 EDTUALUnited Continental CEO says that 2010 merger was 'poorly managed,' WSJ reports
In his first interview as United Continental CEO, Oscar Munoz acknowledged that the 2010 merger that created the carrier was "poorly managed," The Wall Street Journal reports. He declined to discuss the probe that led to the ouster of former CEO Jeff Smisek, and noted that the morale of United employees has suffered. Reference Link
September 30, 2015
09:29 EDTUALBuckeye Partners announces FERC approval of settlement with airlines
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