The Treasury Department auctioned $35 billion in five-year notes at a high yield of 1.732 percent, the rate highest since May 2011.» Read More
Apple increases stock buyback, raises dividend. CUPERTINO, Calif.— Apple Inc. plans to buy back an additional $30 billion of its stock and raise its quarterly dividend by 8 percent amid a slowdown in revenue growth.
NEW YORK— Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and the Nasdaq Stock Market:. Skechers USA Inc., up $1.66 to $38.53. KB Home, down 20 cents to $16.34.
With its distinctive hump, the Boeing 747 has been a familiar sight at airports around the world for more than four decades, but its days could be numbered, at least at Delta Air Lines Inc..
April 23- Delta Air Lines Inc reported a higher-than-expected first-quarter profit on Wednesday and gave a strong outlook for the current period, sending its shares up nearly 5 percent. Delta "has been outperforming on the revenue front and costs are being kept in line," said Kevin Crissey, an airline analyst with Skyline Research.
CAMPINAS, Brazil, April 23- Brazil's third-biggest airline, Azul Linhas Aereas, unveiled plans on Wednesday to add 11 wide-body jets from European planemaker Airbus to start service to the United States. The selection of Airbus planes, first reported on Tuesday by Reuters, is another blow to U.S. rival Boeing Co in Latin America's biggest market.
NEW YORK— A look at New York Stock Exchange 10 most-active stocks at the close of trading:. AT&T Inc. fell 3.8 percent to $34.92 with 56,542,500 shares traded. Advanced Micro Devices Inc. fell 1.2 percent to $4.25 with 28,731,400 shares traded.
NEW YORK— A look at the 10 biggest percentage gainers on New York Stock Exchange at the close of trading:. Hugoton Royalty Trust rose 14.8 percent to $9.24. Navigator Hldgs Ltd. rose 11.8 percent to $26.97.
*Adjusted Q1 profit 33 cents/ share Vs 29 cents estimate. Delta "has been outperforming on the revenue front and costs are being kept in line," said Kevin Crissey, an airline analyst with Skyline Research.
Intuitive Surgical dropped 12 percent. Avery Dennison, Amgen and Norfolk Southern also fell after reporting their results. Delta Air Lines rose 6 percent after its first-quarter earnings climbed.
NEW YORK— Stocks edged mostly lower Wednesday, breaking a six-day winning streak, as investors were disappointed by the latest round of earnings from U.S. companies. "The market, even with those six days of gains, is still struggling to choose a direction," said Joseph Tanious, a global market strategist with J.P.
*Adjusted Q1 profit 33 cents a share compares with 29 cents estimate. Delta, the third-largest U.S. airline behind American Airlines Group Inc and United Continental Holdings Inc, said gains in business revenue and fees for items such as seat upgrades and baggage would bolster the second quarter.
April 23- Delta Air Lines on Wednesday reported a higher-than-expected first quarter profit as revenue rose and it benefited from lower fuel and maintenance costs. Net income was $213 million, or 25 cents a share, up from $7 million, or one cent a share, for the year-earlier first quarter.
DALLAS— Delta Air Lines Inc. is making more money by filling more seats on its planes and paying a bit less for fuel. Delta shares jumped $1.72, or 4.9 percent, to $36.67 in midday trading after hitting an all-time high of $37.41 earlier in the session.
US stock index futures seesawed as investors awaited another wave of major earnings, including Dow-listed Boeing and Procter & Gamble.
DALLAS— The average price of an airline ticket for travel within the U.S. rose by just $1 last year, although prices are still modestly higher than they were five years ago. The U.S. Department of Transportation said Tuesday that the average domestic airfare rose to $381 in the fourth quarter of 2013, a 0.3 percent increase from a year earlier.
WASHINGTON— Commerce Department releases new home sales for March, 10 a.m.. Michelin reports first quarter sales. Procter& Gamble Co. releases quarterly financial results before the market opens.
The ACSI Travel Index is based on random interviews with more than 7,400 U.S. customers of airlines, hotels and Internet travel websites from October 2013 to March 2014.
HONOLULU— A partially paralyzed Maui man who claimed airline workers forced him to crawl on and off flights in 2012 has settled his lawsuit against Delta Air Lines, his lawyer said Monday.
Halliburton, an oil and gas drilling company, rose after reporting a first-quarter profit on rising revenue in the Middle East and Asia. A strong earnings report from Netflix pushed the company's stock higher in after-hours trading. "I like what I see in the market," said Karyn Cavanaugh, a senior market strategist with ING U.S. Investment Management.
About 150 S&P 500 companies are scheduled to release results this week, in an earnings season that has been mediocre.