About 150 S&P 500 companies are scheduled to release results this week, in an earnings season that has been mediocre» Read More
Floor traders are in a great mood after the Giants win! President Bush acknowledging a weaker economy will lead to higher deficits. Looking for budget deficit to double to $410 billion. What's up with China? Shanghai Composite up 8% overnight. And: Airlines looking up.
Airline stocks have lost a lot of altitude in the last few months, but Raymond James airline analyst James Parker sees some of them getting a lot of lift.
Now that the Fed has acted, earnings news comes back to the fore as investors look ahead to Wednesday's Wall Street open.
Gordon Bethune, former chairman and chief executive of Continental Airlines, offered CNBC his industry outlook -- particularly on mergers and acquisitions.
Jamie Baker thinks airline stocks are ready to take off. "We do see significant potential upside from here," the JP Morgan senior airline analyst told CNBC. He offered investors his top stock picks.
Airline stocks rallied last week on news that Delta Air Lines was mulling a takeover of either United Airlines or Northwest Airlines, suggesting that many investors think airline mergers are a brilliant idea.
Delta Air Lines Chief Executive Richard Anderson told employees that a merger may be in their best interest.
Disappointing holiday shopping numbers and Citigroup's first-ever quarterly loss tore through the stock market Tuesday, sending shares of retail and banking stocks well lower while all 30 Dow components traded to the negative side.
Retail sales a clear disappointment, dropped futures even more, only good news is Fed has even more room to ease here. Citigroup reported a fourth quarter loss of $1.99, $1.03 expected. Losses were driven by write-downs (of $17.4 billion) and losses in subprime, and an increase in credit costs of $5.4 billion in the consumer loan portfolio (more signs that the consumer is slowing down).
Delta Air Lines has started merger talks with Northwest Airlines and United Airlines parent UAL, and hopes to reach an agreement with one of them over the next two weeks, The Wall Street Journal reported on Tuesday.
Delta Air Lines is gearing up to pick a merger partner and Northwest Airlines may be the best option, or perhaps the easiest.
Reports of more writedowns at Merrill Lynch and credit wrinkles at American Express are outweighing the relief that Bank of America is swooping in to buy troubled Countrywide.
Stocks jumped again Thursday in a volatile session as investors found renewed confidence after a report that Bank of America is close to buying struggling mortgage lender Countrywide. Here’s the word on the Street.
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.