Take a look at some of Wednesday's midday movers:» Read More
Bernanke said he "stands ready to take substantive additional action" to help the economy, implying the Fed would cut interest rates. Stocks briefly rallied on that, then fell back. What really got stocks going was talk that there might finally be signs of a bottom.
Stocks rallied to close higher after a report that Bank of America is in advanced talks to buy troubled mortgage lender Countrywide Financial.
Airlines are having their best day in years today as the Wall Street Journal is reporting that Delta's management is asking the board of directors to give the go-ahead for merger discussion with Northwest and UAL, and eventually choose between the two.
Leaders of the Delta Air Lines pilots' union are meeting this week to address merger possibilities involving the carrier, the labor group said late on Wednesday.
Open-source software provider Red Hat said Thursday that its third quarter profit rose 12 percent as a surge in subscriptions helped offset increased spending on marketing and research.
Fewer flights will go in and out of New York City airports at the busiest times to try to ease chronic nationwide air travel delays, the government said.
Bank of America says their fourth quarter results will be "disappointing" and there are more write-downs coming due to exposure to collateralized debt obligations (CDOs). They will likely not be buying back stock until 2009. Down 2 percent pre-open.
Stocks closed lower as investors worried about the impact of the credit crisis on the financial sector and on the wider economy.
Airlines are continuing to face challenges from high fuel prices and slowing passenger demand, prompting Southwest Airlines and Delta Air Lines to issue warnings.
Goldman Sachs (GS) is making a major shift in its analyst coverage, upgrading or downgrading 17 sectors on the fear of a softening economy. Could Goldman’s move be a bellwether of things to come? Or is it already late to the party?
Delta Air Lines, the third-largest U.S. carrier, said Tuesday that it increased fares by $10 one way in most domestic U.S. markets to offset rising fuel costs.
Airlines have been losing altitude for the past month, dragged down by $90 oil and worries about a slowing US economy. But, some traders are still making bullish bets on the sector. Why?
UAL, parent of the No. 2 U.S. carrier United Airlines, is keen for a possible merger, according to an article in the Dec 3 edition of BusinessWeek that cited industry experts.
UAL unit United Airlines and Delta Air Lines continue to deny that they are involved in merger talks -- and as their denials continue, so does the speculation that the opposite is true.
Here's what we're focusing on throughout the day: Oil took a dive after inventory data showed an unexpected build in supply. Oil was also moving lower earlier after OPEC cut its demand forecast for the fourth quarter Core CPI for October rose 0.2%, in line with expectations. Oil is lower this morning , following comments earlier this week from the IEA. Inventory data was due at 10:30 a.m.
Stocks will be challenged Thursday to shake off the crankiness that gripped the market late in Wednesday's session. Inflation data, a light flow of earnings and some regional economic surveys are on the calendar.
Delta Air Lines, the No. 3 U.S. carrier, said it has established a special board committee to help management review its strategic options, including mergers.
The Olympic games in Beijing are a prime opportunity for US carriers to prove their worth and thus gain greater access to a key growth market.
Airlines stocks take flight and another brokerage flirts with collapse. With the price of oil slightly retreating and the holiday traveling season revving up, airline stocks may enjoy a profitable winter season.
Shares of US Airways Group led major U.S. airline stocks lower on Thursday, as the sector matched a steep decline in the broader market.